The essence of the treasure chest blind box mechanism is to provide a random channel for asset acquisition, providing an asynchronous gaming space, and allowing the overall asset price to reach a balance through the gaming process.
Preface
This article will introduce the treasure chest system and its operation mechanism in the MATR1X ecosystem, introduce its characteristics, design concepts, and the importance to the MATR1X ecosystem, allowing the community to have an in-depth understanding of the MATR1X treasure chest system, including the strategic significance of the treasure chest, ways to obtain the treasure chest, the cost of opening the treasure chest, treasure chest rewards, and the output mechanism of the treasure chest.
- Why is the MATR1X treasure chest mechanism important?
- Application of the MATR1X treasure chest mechanism: Game ecosystem
- Application of the MATR1X treasure chest mechanism: KUKU treasure chest
- Considerations behind the design of the treasure chest system
I. Why is the MATR1X treasure chest mechanism important?
Before introducing the treasure chest mechanism, we would like to briefly introduce the new asset issuance path of MATR1X. In the entire MATR1X ecosystem, the issuance of the vast majority of assets follows the following logic and path, but may also make corresponding changes according to the differences in assets and the complexity of activities.
- Mining
It is the proof of obtaining new assets. In the MATR1X ecosystem, roles, NFTs, accounts, whitelists, and other assets may all be mining machines.
- Mining
Essentially, it is proof of work. In the past, playing games was the main mining behavior in most GameFi projects. After introducing the DeFi mechanism, there were additional mining behaviors such as staking, borrowing, and trading. In the MATR1X ecosystem, more mining behaviors have been introduced, such as playing games, watching matches, guessing scores, staking NFTs, opening treasure chests, depositing assets, and consuming assets.
- Mine
That is the income. In the GameFi 1.0 era, the mine was the token. In the MATR1X ecosystem, we hope to innovate the output of the mine in an integrated manner and introduce the concept of random treasure chest blind boxes to dynamically balance the system's output. This is the origin of the "treasure chest mechanism".
Importance of the treasure chest mechanism
After introducing the treasure chest mechanism, users who hold mining machines to mine will receive two types of income:
1) Direct income, such as $FIRE or $MAX.
2) Random treasure chest income, consuming $FIRE plus a small amount of stablecoin to open, and randomly obtaining high-quality weapon NFTs.
The choice and gaming process of these two types of income by different players is the balancing process of the system. Below, we will explain the treasure chest mechanism in detail using MATR1X FIRE.
Players who hold mining machines participate in game mining. The direct income produced by MATR1X FIRE is the $FIRE token, and they can also obtain treasure chests.
It is important to emphasize that unlike most GameFi games, $FIRE is not produced infinitely. Its total supply is limited to 1,000,000,000 tokens.
The complete economic cycle is as follows:
1) As the number of people holding mining machines increases, the production of $FIRE gradually increases, and at the same time, as the number of chests opened increases, the consumption of $FIRE also increases.
2) When users reach a certain scale and the production of $FIRE reaches the total supply limit, it will no longer be produced.
3) As the opening of chests continues, the consumption of $FIRE also continues, and the production will start again.
4) Mining output, chest opening consumption, and so on, $FIRE is like a reservoir, and in the future, it will adjust the size and flow rate of the reservoir together with the community.
Seeing this, the importance of the MATR1X treasure chest mechanism is self-evident. The essence of the treasure chest blind box mechanism is to provide a random channel for asset acquisition, providing an asynchronous gaming space, and allowing the overall asset price to reach a balance through the gaming process. The mechanism of limited edition treasure chest blind boxes also gives users different choices.
II. Application of the MATR1X treasure chest mechanism: Game ecosystem
In the MATR1X game ecosystem, the treasure chest mechanism plays an important role in three games: MATR1X FIRE, MATR1X Battle, and Castile. Below are the specific paths and gameplay for obtaining treasure chests in the MATR1X FIRE game.
1) Treasure chest production: Holding MATR1X FIRE roles to earn gold, dropping treasure chests, fixed production per season, and discontinued after 3-4 months.
2) Treasure chest consumption: $FIRE plus a small amount of stablecoin.
3) Treasure chest income 1: Obtain NFT assets in the game, limited edition, similar to the skin system in CSGO.
4) Treasure chest income 2: Obtain MAX points, and after the season ends, receive a MAX token airdrop.
5) Treasure chest income 3: Open top-tier skins and receive additional MAX token airdrops.
6) Asset synthesis: Low-level skin assets * 10 can be synthesized into higher-level skin assets.
7) Skin levels: Divided into normal version, special version (e.g., only dropped during events or activities).
In summary, in the MATR1X game ecosystem, the treasure chest system has the following characteristics: randomness. When opening a treasure chest, it randomly generates common NFTs and rare NFTs. Rare NFTs. The treasure chest contains extremely rare and valuable accessory NFTs, such as special weapon skins, knives, gloves, etc. Rich variety. Seasonal treasure chests, commemorative treasure chests, player creative workshop treasure chests… Each type of treasure chest contains weapon skins and accessory NFTs of specific series or themes. Low threshold. User participation threshold is extremely low, and treasure chests can be obtained through playing games, watching matches, and other methods, and rare and valuable accessory NFTs can be obtained at a very low cost of opening the chest.
III. Application of the MATR1X treasure chest mechanism: KUKU treasure chest
In addition to mining games to obtain treasure chests, behaviors such as staking NFTs, watching esports matches, and guessing scores can also obtain treasure chests, and follow the above-mentioned opening logic and path. We will use the example of the KUKU treasure chest produced by staking MATR1X KUKU NFTs.
In 2023, MATR1X issued the third group of NFT assets, MATR1X KUKU, which is a platform-level asset that can continuously receive airdrops from the MATR1X platform. The first airdrop is the KUKU treasure chest produced by staking NFTs.
Gameplay and Path of the KUKU Treasure Chest
1) Stake KUKU NFTs to accumulate loyalty and obtain KUKU treasure chests, the higher the loyalty, the more chests obtained.
2) Opening KUKU treasure chests: $FIRE plus a small amount of stablecoin.
3) KUKU treasure chest income 1: Top-tier commemorative NFT assets, limited edition.
4) KUKU treasure chest income 2: Obtain the earliest MAX token rewards, the higher the value of the opened NFT, the higher the bonus coefficient of the MAX token obtained.
5) Asset synthesis: Low-level skin assets * 10, can be synthesized into higher-level skin assets.
Main features of the KUKU treasure chest
1) The first commemorative treasure chest in the MATR1X ecosystem can open top-tier commemorative NFTs.
2) Limited edition, total quantity is approximately around 500K.
3) It is expected that 30-40 million MAX tokens will be invested in the KUKU chest opening system.
Stake to produce KUKU treasure chests: MATR1X Stake
MATR1X KUKU trading: Opensea | Blur
KUKU treasure chest trading: Element | Magic Eden | OKX NFT
IV. Considerations behind the design of the treasure chest system
We believe that the P2O (Play To Own) + treasure chest mechanism is an innovative economic model that integrates Web2 and Web3, and has great potential to break the death spiral of GameFi.
1) Similar mechanisms to opening treasure chests have long been present outside of games, such as collecting baseball cards or using gashapon machines, and have stood the test of time.
2) The application of the treasure chest mechanism in the game economy system has also withstood the test of time and the market, such as the weapon chests in CSGO and loot boxes in Overwatch. In CSGO's thriving chest system, the annual turnover of its accessories reaches hundreds of billions of dollars.
3) The treasure chest system adds diversity to the gameplay in the MATR1X ecosystem, allowing players to have more gaming choices and enhancing the system's antifragility. In the past, GameFi only had gold farming - obtaining tokens as one choice. As new players reach a critical point and token production increases, without new players entering to consume tokens, the system inevitably enters a death spiral.
4) The treasure chest system is themed around seasons or matches, with continuous updates to game content and the introduction of new treasure chests. The token consumption scenario (opening chests) will always exist, leading the entire economic system into a virtuous cycle. Users also have more gaming choices, such as choosing to earn tokens, invest in treasure chests, open treasure chests, or invest in accessory NFTs.
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