GameFi Protocol Overview

1.1The rise of GameFi

In the second half of 2019, Mary Ma, Chief Strategy Officer of MixMarvel, first proposed GameFi (Game Finance), which is gamified finance and a new gamified business, in a speech at the Wuzhen Summit. From March 2021 to June 2021, GameFi ushered in an explosive period. The number of daily active wallets for blockchain games increased from 51,000 to 375,000, an increase of more than 600%, and the number is still expanding. The natural combination of DeFi and NFT in GameFi has also promoted GameFi's great success. For example, the NFT game Axie Infinity only took a few months to create more than 39 million U.S. dollars in revenue. The auction price of the land of The Sandbox has risen 19 times in 6 months.

We believe that the most important thing is that GameFi brings a lot of new experiences to some traditional game players and allows them to obtain certain benefits.

1.2 Play to Earn mode is setting off a gaming revolution

Play to Earn (P2E) is currently a popular business model in GameFi, which corresponds to the Free to Pay (F2P) model commonly used in the traditional Internet game industry. The latter means that players can play games for free, but If you need a better gaming experience, you need to recharge.

Blockchain technology gives players ownership of the assets in GameFi and allows them to increase their value by actively playing GameFi, which is a key component of the P2E model. Most of the revenue in GameFi is no longer attributable to large centralized game companies, but to excellent players. By participating in the in-game economy, players are creating value for other players and developers. In return, they are rewarded with assets in the game. These digital assets can be any encrypted assets that are confirmed on the blockchain.

We think this is reasonable. First, the matching of input and output is a long-term and healthy economic model; second, game development requires costs. Because players can finally get value by selling encrypted assets, it is acceptable for players to pay some start-up costs. On the contrary, if this game is completely overlord, we believe that such an economic model is unsustainable.

1.3 Introduction to GameFi Protocol

An excellent GameFi is often a complex game ecosystem, involving different public chains, wallets, single or multiple token systems, game rules, and token economic models (Tokenomics), etc. Professional players need to evaluate GameFi's security and P2E mode in combination with the above factors, and then profit by investing in digital assets to participate in the game. For most ordinary players, they are limited by their own professionalism and limited time, and it is often difficult to compete with professional players in GameFi, so that the input and output are not ideal and even cause losses.

The GameFi Protocol (GFP) is the first GameFi mining pool protocol. The governance token of the GFP is GFI, and its holders spontaneously form a GFP-DAO (decentralized self-regulatory organization) to conduct GameFi Protocol community governance.

The governance token GFI of the GFP is a constant total governance token. The project R&D and operation team only obtains 9% of the total GFI, and it is linearly unlocked in 24 months after the platform is launched 6 months. Like many fair-issued projects, the vast majority of GFI will reward ecological participants of the GFP.

The GFP can help GFI holders to obtain free GFI token rewards through Stake GFI or Forth in GSwap; users can also conduct trading, farming (liquidity mining), and launchpools (free launch of new GameFi projects) in GSwap ).

The GFP can help GFI holders to obtain free GFI tokens and Game tokens (such as SLP (Axie Infinity), SAND (Sandbox)) rewards through stake GFI or Forth in GSwap; users can also trading and Farming ( Liquidity mining), and launchpools (free launch of the new GameFi project).

The GFP can help most ordinary player users who lack professionalism and limited time, as well as users who are interested in GameFi, to efficiently configure users' digital assets to enter different GameFi through GMiner, and cooperate with professional players to obtain maximum benefits. GMiner GFI and Game tokens (such as SLP (Axie Infinity), SAND (Sandbox)) will be used to distribute revenue to users; at the same time, users will be configured to hedge the systemic risks of the market by configuring users' digital assets to stable DeFi funds. GMiner Distribute revenue to users through DeFi tokens; the allocation ratio between GameFi and DeFi is dynamically adjusted according to market conditions. With the gradual progress of the project, we will further map GMiner with standardized hashrate coins (ST) to tokenize GMiner user assets, which can significantly improve the liquidity of GMiner user assets.

The GFP agreement encourages outstanding GameFi teams to launch projects on Gamelist.

The GFP creates a Lottery/Grab bag around the ecology, making users have more fun.

The GFP has a Developer Alliance section, which will reward developers who participate in the GFP ecosystem-GameFi explorers, GameFi professional players, code contributors, and bug diggers.

Of course, the GFP supports the spontaneous formation of GFP-DAO by GFI holders to carry out the community governance of the GameFi Protocol. GFP-DAO implements a democratic system of 1 vote/1 GFI. GFP-DAO can vote to ①determine the rule setting of each function of GSwap; ②GMiner project entry/exit; ③Gamelist project online; ④Lottery/Grab box new gameplay online; ⑤GFI token economics modification and improvement; ⑥Even GFP Strategic planning of the agreement; ⑦ More rules modification and improvement.

Finally, GFI certificate economics is the core rule that guarantees the long-term development of the project. Incentives based on the degree to which the GFP creates value will always be the highest principle of GFI certificate economics.