GameFi refers to an emerging trend in the blockchain field that combines game elements with financial elements. Players can earn tokens or other rewards by playing games, which is a common Play-to-Earn game model in recent years. The ideal GameFi ecosystem allows players to earn real returns while also democratizing game finance by combining the composability of blockchain.
Although the concept of earning money while playing is ideal, GameFi games in recent years have often come to an end, causing more and more people to lose confidence in P2E games. Game systems are often accompanied by certain inherent problems, such as excessive speculation, security issues, sustainability of the in-game economy, etc., while dual-currency systems may have problems with imbalances between tokens and value liquidity.
Space Alpaca is a new strategic Play-to-Earn card GameFi, which combines farming and gold gameplay, and is divided into two parts: farm management and battle. The gameplay includes farm management, player versus player battles, and copy challenges. Players can formulate and update game strategies, research the best team strategies and management methods, and a variety of gameplay methods can help you earn maximum profits!
Space Alpaca conducted an in-depth analysis of past GameFi projects and proposed a new dual-token economic model to solve the common shortcomings of dual-currency models in previous chain games. The following will explain to readers, taking Space Alpaca as a starting point, the value of its dual-currency economic model, as well as the entire new ecosystem and its future vision.
Limited game life, shortcomings of the traditional dual-coin model: How StepN and Axie Infinity go downhill
The dual-token economic model is a common model in blockchain games in recent years. The dual-currency model, as the name suggests, is a system of two tokens. Usually one main token is used for governance and security, and the other is a stable token used for transactions and value storage. The dual-currency structure provides customers with speculative properties, while using stablecoins to provide value stability. The coordination between the two may seem impeccable, but there are often drawbacks.
Popular blockchain games in the past, such as StepN and Axie Infinity, have encountered many challenges due to their adoption of dual-token economic models. In particular, the price of game tokens is often linked to the life cycle of the game. However, no matter how popular the game project is, Has a certain lifespan. Issues such as token value imbalance, insufficient value liquidity, and the sustainability of the in-game economy arise over time.
Taking StepN as an example, its economic model relies heavily on the inflow of new funds to drive it, but games often have a limited lifespan, and no game can last forever. When the game's popularity is high, the game token price rises steadily, while the governance token remains stable, and the game's dual-token mechanism works perfectly. But when the craze passed, because the application value of game tokens was single, token prices began to stabilize, and the fixed supply of governance tokens lost their meaning and became worthless tokens. The popular Axie Infinity also adopted a dual-token economy, which attracted the attention of many players at the beginning of the game's launch. However, due to the influx of a large number of players, the in-game token SLP depreciated. When the price of SLP drops, Axie pets become worthless, and players' hard work is wasted.
What are the new dual-token economic model SPAL and Space Shard tokens?
The Space Alpaca game uses two tokens, SPAL and Space Shard (SS).
SPAL is the governance token on Space Alpaca. Users can obtain it from early pre-sales and airdrops, purchase it from centralized exchanges, and it is also a reward share for staking guilds and guild competition rewards. SPAL can be used to extract NFT blind boxes, purchase NFT from the second-hand market, join a guild, pledge a guild, and redeem Space Shard from Space Wallet.
Space Shard is a game token that can be used to expand land, upgrade weapons and armor, redeem SPAL from Space Wallet, and redeem USDT from Pancake Swap through NFT computing power rebates.
The project has a burning mechanism to ensure stability and token circulation. For example, every time a player uses SPAL to draw a blind box, 80% of the value will be transferred to the LP pool of Space Shard to increase liquidity. A good burning mechanism can maintain the deflationary state of game tokens, ensure that price fluctuations will not be too large, and ensure user income.
Add unlimited circulation value to games with limited lifespan and focus on the future development of the project
Space Alpaca understands the limited lifespan of games and the importance of fluidity in games, and proposes a new game design concept based on this. The difference from past projects is that the use of the revenue token Space Shard is not limited to the Space Alpaca game, but can be used in various future games of the project party and even other projects in the ecosystem. Create a game system with liquidity as the core and community as the driving force.
Space Alpaca will release a large number of blockchain games in the next quarter and develop an ecosystem to support them, including wallets, public chains, NFT markets, etc., and all systems use Space Shard as a token. With Space Shard as its main currency, players can transfer assets from one game or community to another, realizing asset interoperability between games.
The Space Shard system adds unlimited circulation value to games with limited lifespan. Even if a game boom passes, more ecosystems will still emerge to ensure long-term development and player participation. At the same time, the value of Space Shard will not decline as a result. .
Space Alpaca Vision
In the past, GameFi projects such as Axie Infinity and StepN mentioned in the article were once very popular. The explosion of GameFi projects seems to be foreseeable, but what is more important is how to create a sustainable development system.
Space Alpaca is a brand new GameFi game that fixes past problems and fundamentally redesigns the game economy. Its core strategy not only focuses on short-term game economic balance, but also on long-term economic sustainability and player value. It is not just about improving the game economic model, but also about its vision and direction for the entire GameFi field. By reshaping the concept of GameFi, Space Alpaca provides players with a more unique GameFi gaming experience.
Participate in SPAL pre-sale and be the first to join before Galxe goes online
Space Alpaca is expected to be officially launched in December. The official announced earlier that it has passed the Certik audit and scored 91.5 points in the contract code security index column. Space Alpaca is currently undergoing audits by more industry security code consulting companies to ensure the security of the project’s smart contract code.
Although the game has not been officially launched, the official has launched a publicity campaign to generate interest. Users can now subscribe for SPAL tokens or participate in Galxe activities to obtain airdrop opportunities.
Galxe campaign: https://galxe.com/SpaceAlpaca/campaign/GCCMFUHfH5
Galxe event tutorial: https://medium.com/@_Space_Alpaca/5m-spal-and-in-game-nfts-airdrops-on-galxe-2fa3d6bee510
Subscribe to SPAL: https://app.space-alpaca.com
SPAL subscription tutorial: https://medium.com/@_Space_Alpaca/beginners-guide-spal-purchase-tutorial-e53ff2c23d2f
