2021 November 09 (Tue) 22:00(KST), A summary of the Gods Unchained AMA held in the Hanbitco Official Telegram Room will be provided.
Q1. For today’s AMA, we have invited Rockson Chan, Growth and Token Lead at Gods Unchained! Before the AMA, could you please provide a brief introduction?
Hey all, I’m the Growth and Token lead @ Gods Unchained.
Just a little bit about myself, I have been involved in the tech space for 9 years now, having worked with a number of high growth companies and grew products from the ground up from zero to millions of revenue. In 2019, I was lucky enough to be introduced to Immutable and I have been with the company now for 2 years leading the growth and the $GODS token for Gods Unchained.
Q2. We are very pleased to meet you Rockson. We truly thank you for joining as the speaker for Gods Unchained for the Hanbitco AMA. Could you please provide a brief introduction about the Gods Unchained Project?
Gods Unchained is a free-to-play trading card game where players compete in epic duels using fantasy cards. The game is built to fundamentally change how games work; using Ethereum technology to bring true digital ownership to players, as well as provide the means to earn items that actually matter.
$GODS is designed to be the core currency of Gods Unchained, fuelling the ecosystem that empowers players to compete to earn, craft new NFTs, staking and governance.
Q3. How do you plan to reward early entrants?
Currently, our event ‘Blessings of the Gods’ enables players to start earning $GODS by competing against other players. We have a prize pool of up to 500,000 $GODS token per week to be earned by our players. This event will last for 8 weeks in total and we are only at the start of the second week today!
Our game and ecosystem is still extremely new and there are a lot of rooms for us to grow. There is no better time for those that want to earn $GODS to start playing now.
Q4. What will crafting NFTs with $GODS look like?
There a few types of NFT drafting system that we will be introducing in the near future:
#1 Off-chain to On-chain NFTs — This allow our players to use 2 duplicate version of an in-game (offchain) items and craft them into an NFT that lives on the blockchain using $GODS and other in-game resources.
#2 Shine fusing — Each NFTs in Gods Unchained has 4 levels of shine, which represents the quality of the NFT. Using the Shine fusing system, players are able to burn a number of the lower quality NFT and craft a higher quality version.
#3 Evolution — By burning a combination of NFTs, players are able to craft a completely new NFT. We may introduce super rare drops and other unique NFTs via this system in the future.
Q5. (Live-Question) Being able to start the game for free feels quite attractive. But in this case, I am worried about the profitability of the game maker. Does Gods Unchained have a stable revenue model?
Great question!
Yes, we do have a stable revenue model. Since the start of Gods Unchained, we have accumulated over $10M USD in revenue and the game is still in beta at this stage.
We have two key revenue models:
1. Expansion pack sales — These are limited new cards that we create and sell directly to our players which they can trade to other players in the future. 20% of the revenue from pack sales will go into our staking reward pool.
2. Marketplace fee — When a GU NFTs is traded in any Immutable powered marketplaces, a small fee will be included. As we scale the growth of our game, we anticipate this to become our primary source of revenue. A portion of this revenue will go into our treasury to be distributed to our token holders via staking.
Q6. (Live-Question) A lot of NFT games are being serviced in the blockchain game market. In this situation, what can be said about Gods Unchained’s unique charm?
I believe the best advantage for Gods Unchained is the fact that it is a fun game to play (this can’t be said for many other crypto games) and our team think that this is critical to the medium and long term success of any gaming project.
If the game is not fun and players are just playing the game to farm the token, the project is not going to be sustainable for both the players themselves as well as the economy of the ecosystem. Our team has had a strong gameplay focus and will continue to ensure that our gameplay experience rival the best mainstream games as we scale our economy.
Q7. (Live-Question) Price is an important factor in any project. No matter how great a plan you have, you won’t be recognized by people unless the price is supported. For this reason, the project foundation plans and conducts events such as buyback and token bundling. I’d like to know if you’re planning “Gods Unchained” for these things.
For sure.
Tokens buyback: 20% of the revenue captured through our NFT sales will be used to buyback tokens in the open market and will be used as staking reward.
Token burning: Although we don’t have any token burning mechanism in the short term, however, In the future, we will have a couple of options to implement this.
Q8. (Live-Question) We know that GOD is an ERC20 token. The Ethereum network is often inconvenient because the fees are too expensive these days. Does GODS have any plans to add another chain?
Awesome question.
Gods Unchained is integration with Immutable X. Immutable X is a layer 2 NFT protocol that offers zero gas fees, instant trades, and also is carbon neutral. Since migrating our NFTs from Ethereum mainnet to Immutable X (Layer 2) in June, we had over 1 million secondary trades between players. With an average gas cost of 0.01 ETH (~$40 USD) per NFT trade, we saved our community approximately $40M in gas alone. This means that NFTs in our ecosystem is a lot more fluid due to ability to have instant and gas-free trades.
Q9. (Live-Question) I’m curious about the Staking Rewards Pool of the $GODS token used in the game. Please give us an easy explanation.
Sure.
The Staking Reward Pool are tokens they are captured via 3 different streams:
1. Tokens used in NFT crafting — Tokens that are used across our NFT crafting systems will be sent to the Staking Pool, this means that as the popularity of the game increases, the tokens that are sent to the pool will also increase
2. Marketplace fee — A portion of the fee captured from secondary trades between users will be sent to the Staking Pool.
3. Primary pack sale — Whenever a new expansion pack is sold by Gods Unchained 20% of the revenue will be used to buyback tokens from the open market and the tokens will be sent to the staking pool for future staking distribution.
Q10. (Live-Question) GODS Unchained allocated 307.5M of the token supply to the community. Why?
We are a strong believer in being community-first and by fostering a strong community, this will in turn help our ecosystem to grow rapidl. This is why, compared to other projects, we have allocated the largest allocation to our communty members.
Q11. We will now wrap up our AMA with Gods Unchained. Thank you to Gods Unchained and Hanbitco Users, Rockson, and the Gods Unchained Team for participating in the Gods Unchained AMA. Lastly, we will finalize the AMA with last remarks from Rockson!
Thank you everyone again for having me at today’s AMA, I’m very glad that I was able to share more about Gods Unchained with the Hanbitco community.
Hope to see you all in Gods Unchained in the future.
