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In-depth analysis of the MATR1X treasure chest economic model, can it really break the death spiral?

24-04-20 15:49

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Original source: MATR1X FIRE

Foreword

This article will introduce the treasure chest system of the MATR1X ecosystem and its operating philosophy, introduce its characteristics, design and importance to the MATR1X ecosystem, and let the community have a deep understanding of the MATR1X treasure chest system, including the strategic significance of the treasure chest, how to obtain the treasure chest, the consumption of opening the treasure chest, the treasure chest rewards, the treasure chest gain mechanism, etc.

1/Why is the MATR1X treasure chest mechanism important?

2/Application of MATR1X treasure chest mechanism: game ecology

3/Application of MATR1X treasure chest mechanism: KUKU treasure chest

4/Thoughts behind the design of the treasure chest system

1. Why is the mechanism of MATR1X treasure chest important?

Before introducing the treasure chest mechanism, we would like to briefly introduce the new asset release path of MATR1X. In the entire MATR1X ecosystem, the release of an asset follows the following logic and path, but at the same time, it also changes accordingly according to the differences in assets and the complexity of activities.

1. Mining machine

It is a certificate for obtaining new assets. In the MATR1X ecosystem, characters, NFTs, accounts, white orders and other assets may all be mining machines.

2. Mining

It is essentially proof of work. In most of the previous GameFi, playing games was the default mining behavior. After the introduction of the DeFi mechanism, there are more mining behaviors such as staking, Bitcoin, and trading. The MATR1X ecosystem has introduced more mining behaviors, such as playing games, watching games, guessing scores, staking NFTs, opening treasure chests, depositing assets, and consuming assets.

3. Minerals

In the GameFi1.0 era, mines are tokens. In the MATR1X ecosystem, we hope to make integrated innovations in the valuation of mines and introduce the concept of random treasure chest blind boxes to dynamically balance the valuation of the system. This is the origin of the "treasure chest mechanism".

The Importance of the Treasure Chest Mechanism

After the introduction of the treasure chest mechanism, users who hold mining machines will receive two types of benefits:

1) Direct benefits, such as FIRE or MAX.

2) Random treasure chest benefits, consume FIRE + a small amount of stablecoins to open, and randomly obtain high-quality weapon NFTs.

The choice and game process of different players for these two benefits is the balance process of the system. Let's use MATR1X FIRE to explain the treasure chest mechanism in detail.

Players who hold mining machines to participate in game mining will directly benefit from MATR1X FIRE in the form of FIRE tokens, and can also obtain treasure chests.

It should be emphasized that, unlike the popular Gamefi game, FIRE is not an infinite concept, and its overall upper limit is 1,000,000,000 pieces.

Its complete economic cycle is as follows:

1) As the number of mining machines held increases, the probability ladder of FIRE increases, and as the number of unpackings increases, FIRE consumption also increases

2) When the user reaches a scale, the total amount of FIRE reaches the total upper limit, and it will no longer be the total amount

3) As the opening continues, the consumption of FIRE will continue, and the ladder will continue to start again

4) The total amount of mining, the consumption of unpacking, and so on. FIRE is like a reservoir. In the future, the race and the community will adjust the size of the pool and the flow rate together.

Seeing this, the importance of the MATR1X treasure chest mechanism is self-evident. The treasure chest blind box mechanism essentially provides a random channel for asset acquisition and an asynchronous gaming space. In the process of gaming, the overall asset price is balanced. The out-of-print mechanism of the treasure chest blind box also gives users different choices.

2. Application of the MATR1X treasure chest mechanism: game ecology

In the MATR1X game ecology, the treasure chest mechanism plays an important role in the three games MATR1X FIRE, MATR1X Battle, and Castile. The following is the specific path and gameplay of the traffic treasure chest in the MATR1X FIRE game.

Total amount of treasure chests: holding MATR1X FIRE characters to earn gold, not counting treasure chests, fixed output every quarter, out of print after 3-4 months

Treasure chest consumption: FIRE + a small amount of stable currency

Treasure chest income 1: obtain NFT assets in the game, out of print speculation, you can refer to the skin system in CSGO

Treasure chest income 2: obtain MAX points, after the end of the quarter, get MAX token airdrops

Treasure chest income 3: open the top skin, get an additional MAX token airdrop

Asset synthesis: low-level skin assets * 10, can synthesize higher-level skin assets

Skin level: divided into ordinary version, special version (for example, it will crash during events and activities)

In summary, in MATR1X In the game ecosystem, the treasure chest system has the following characteristics:

· Randomness. When a treasure chest is opened, common NFTs and rare NFTs are randomly generated.

· Rare NFTs. The treasure chest contains rare and precious accessory NFTs, such as special weapon skins, knives, gloves, etc.

· Rich variety. Seasonal treasure chests, wallpaper treasure chests, player creative workshop treasure chests... Most treasure chests contain weapon skins and accessory NFTs of a specific series or theme.

· Low population. Users have extremely low labor participation, and can obtain treasure chests by cross-playing games, watching competitions, etc., and obtain rare and precious accessory NFTs at a very low cost of opening the box.

3. MATR1X treasure chest mechanism application: KUKU treasure chest

In addition to playing games and mining to get treasure chests, staking NFTs, watching e-sports competitions, guessing scores and other behaviors can also get treasure chests, which also follow the above unboxing logic and path. Let's take the KUKU treasure chest of staking MATR1X KUKU NFT stairs as an example.

In 2023, MATR1X issued the third group of NFT assets, MATR1X KUKU, which is a platform-level asset that can continuously represent the airdrops of the MATR1X platform. The first airdrop is the KUKU treasure chest of staking NFT stairs.

KUKU treasure box gameplay and path

1) Pledge KUKU NFT to accumulate loyalty and get KUKU treasure box. The more treasure boxes you have, the more loyalty you gain. 2) KUKU treasure box opening: FIRE+a small amount of coins are stable. 3) KUKU treasure box income 1: top wallpaper NFT assets, out of print. 4) KUKU treasure box income 2: get the earliest MAX token rewards, the value gain of the opened NFT, and the bonus gain of the obtained MAX tokens. 5) Asset synthesis: low-level skin assets*10, synthesize higher-level skin assets.

KUKU treasure features

1) The first wallpaper treasure chest in the MATR1X ecosystem, which can open top-level wallpaper NFTs.

2) Out-of-print target box, with a total of about 500,000.

3) It is expected that 30-40 million MAX tokens will be launched in the KUKU treasure chest system.

Staking bonus KUKU treasure box: https://matr1x.io/stake/stakeEvent?eventName=kuku&eventType=reward

MATR1X KUKU trading: Opensea | Blur

KUKU treasure box trading: Element | href="https://magiceden.io/collections/polygon/0x3612d5cfea7517c3ed719eaeba9be21ca2ee962c" rel="noopener noreferrer" target="_blank">MagicEden (or OKX NFT)

Fourth, the thinking behind the treasure chest system design

We believe that P2O (Play To Own) + treasure chest is a fusion of Web2+Web3 innovation model, which has great hope to break the death spiral of Gamefi.

1) Mechanisms similar to opening treasure chests have long appeared outside the game, such as lottery cards or gashapon machines, and have been popular for a long time.

2) Treasure chests are used in the game economic system and have also withstood the test of time and the market, such as CSGO's weapon treasure chests and Overwatch's loot boxes. In CSGO's prosperous treasure chest system, the annual transaction volume of its accessories is as high as tens of billions of dollars.

3) The treasure chest system increases the diversity of gameplay in the MATR1X ecosystem, giving players more gaming options and enhancing the anti-fragility of the system. In the past, Gamefi only had one option: to make gold and get tokens. At the same time, when the number of new players reached a critical point and the tokens surged, but no new players entered the market to consume tokens, the system initially entered a death spiral.

4) The treasure chest system is themed around seasons or competitions. The game content is constantly updated, and there are new treasure chests and token consumption scenarios (unboxing) that will always exist. The entire economic system enters a virtuous cycle, and users have more gaming options, such as bubble tokens, investment treasure chests, opening treasure chests, or investing in accessories NFTs.