Yes, I am looking forward to seeing more detailed metrics like those you mentioned. It was something that I could not find in the previous post (the milestone post).
My point is to get the projects to build and maintain their dapp on Function X, and it needs the full commitment of the dev team.
We’ve been pushing our devs to make games that are free to play. But let’s not forget, they’ve gotta make some money to keep making and looking after top-notch games.
Usually, we kick things off with a free-to-play incentive pool (so users can earn without needing any NFT or tokens).
We’re also gearing up to roll out something called GAMESTAKE rewards real soon.
What’s this GAMESTAKE thing? It’s a reward system where the more you play and do actions on the platform, the more you can earn. Think of it as a reward pool that gets bigger with gameplay and other activities. The rewards get dished out based on an algorithm that takes into account different user actions.
So, it’s a pretty new cool way to earn while you play
Hi there,
After our engaging Twitter Space conversation, we’ve refreshed the milestones and roadmap for ZooGames, FXgora, and Kawaii Chaos. Your insights have been instrumental in refining these thrilling projects, and we’re eager to unveil more soon!
Hey guys, it was great to discuss our proposal recently over the Twitter Space! Now we hope the updates we made give a better understanding of the whole project. Let us know your thoughts! Thanks
We’re waiting for the green light of the FXcore foundation and then we’ll post the two proposals asap (Let’s hope this week). Thank you for the support; it’s greatly appreciated!
Awesome update by ZooGames and also brilliant idea by @indra to segregate into multiple proposals.
I believe this will allow the Foundation and the community members to track the progress for each segment with ease and convenience.
Plus, this could be the standard benchmark and would allow future projects, the Foundation and the community members to refer how much was granted for each specific category proposal:
NFT Marketplace
Liquidity Pool
Game Launch
Etc
This is more than awesome and I’m eager to follow your progress and developments.
ow that nice , i play some gamefi to ,only play to earn using nft i buy on ino .
stake nft for reward it will be great for who contribute and play zoogames
Hey Zoogames, curious about the Liquidity for Milestone 2.
1. This is the first version.
The ZooGames Team will launch a vZOO / FX LP on Fx-swap.io and allocate 30k USD of the EGF grant to cover extra FX rewards incentives for LPs (locked over a period of twelve (12) months) This assumes that the rewards also come out of the EGF grant.
2. This is the second version.
Milestone II: vZOO Integration and Liquidity
Launch $30,000 liquidity on FXswap and unlock the vZOO bridge.
Introduce vZOO/FX pair with FX rewards.
Funding request: $10,000.
I have 4 questions:
Is the 1st version voided and the 2nd version the current latest?
For the 2nd version, the $10,000 grant will utilized specifically for which?
The rewards or part of the $30,000 Liquidity?
To add on to Question 2, you mentioned $30,000 Liquidity.
Does this mean the Zoo Team will be providing $15K ZOO / $15K FX?
If $10,000 is used for [liquidity], that means the Zoo Team will be providing $15K ZOO / $5K FX.
If $10,000 is used for [rewards], that means the Zoo Team will have to provide $15K ZOO / $15K FX.
May I know what is the exact breakdown of both the Liquidity and the FX rewards?
-The usage of the $10,000 grant
-Who will be providing the rewards and liquidity
Please find my suggestions below, and I hope our community members will join this discussion as well.
(1) Proposal #1
The proposal breakdown is: $30k for the NFT marketplace (after deployment) and $10k for the liquidity.
For the NFT marketplace deployment, I will suggest adding some metrics:
total addresses interacting with the ZooGames smart contract (let’s say 1% of total addresses on FX: ~1,200).
total $FX transaction value in the NFT marketplace (1% of the $FX market cap = ~$800k)
how many NFT collections were transacted / bridged into the FXGora.
Once it hits the metrics, then the EGF will be unlocked. I think it will be fair for the Function X community as well, since we want to see a working and active NFT marketplace. The $30k can be divided into 3 tranches and each will be unlocked once it hits the number.
For the $10k liquidity, @SCENE has mentioned a good point, and looking forward to the clarification.
(2) Proposal #2
What is the timeline for this proposal? I think the number of players or wallets will be good to add to the metrics. The minigames with NFT minting can be combined with Proposal #1, so it can increase user engagement and NFT transactions (to hit the target).
Additionally, according to your plan, the $60k will be unlocked before the game is live. Personally, I would really like to see the dapp/products in use before the EGF is distributed.
We can have a time gap between the Proposal #1 and #2 to get more activities in the dapp, i guess it is fine. We want to see the active dapp built on Function X and we believe Zoo Games has that potential.
Looking for more inputs from our community members here.
In our updated plans, we will add $10,000 in FX to FX-swap as extra bonus FX rewards, though the details of the weekly distribution are still undecided. ZooGames will also contribute $30,000 in liquidity to the vZOO/FX pair (split 50-50%) on FxSwap. This will make vZOO liquid enough to be bought and used on the Zoo.Games platform without major slippage.
If our liquidity increases naturally, we may make a new proposal to request additional FX rewards for Liquidity Providers (LPs) in the future.
In summary, our first proposal’s grant will be used solely to ensure that vZOO is liquid on FX.
I would like to comment on your change proposal.
I find it unfair to require such accurate metrics from ZooGames when the FunctionX project per se does not provide such accurate metrics. I agree though that those metrics could be provided by ZooGames for information, but not for unblocking the deposits.
Proposal 1: Point 1 (total addresses) : there’s nothing easier than to create an address with 1 $FX and make it interact with a smartcontract. I would find that fair to say 10 % of 30-days active FX address (excluding foundation addresses). However, for that, we would need to have more metrics from the FunctionX project itself. Point 2 (total $FX transaction value) : I think it would be better to use a percentage of $FX transaction volume (excluding foundation and liquidity pool transactions). Point 3 (NFT collections) : that seems OK for me.
Proposal 2:
I agree with deployment of the game and eventual deposit on the same day.
And as a conclusion, I would remind that :
a) 100k $USDT is equivalent to ~700k $FX currently. This is almost ten times less than what we allowed for LP incentives
b) 100k $USDT is only half of what we agrred for a simple listing on MEXC (17th in volume)
c) the Community Pool is currently endowed with 87M $FX : thus, Zoo proposal is only 0.9 % of the current Community Pool fund…
And it might be a hell of a userbase growth for the FunctionX project.
Can we afford it ? Yes. Should we take the chance of it ? Yes.
While it might be possible to create ‘fake’ transactions, we believe in maintaining integrity and transparency, so that’s not an option for us obviously
@indra
FXgora holds significant value to our ecosystem, serving as the primary platform for trading all in-game NFTs minted on FX. Unfortunately, if we can’t meet the required metrics, we won’t be able to bring vZOO to FX, as the liquidity depends on the EGF.
We’re excited to begin work on Kawaii Chaos as soon as the proposal is accepted, with the goal of delivering the game promptly. However, the current metrics would necessitate delaying the game’s production until those targets are met.
We hope you can appreciate the complexity of building a game, both in terms of time and financial investment. Receiving $60,000 at the game’s delivery would present significant challenges, especially since all our planned incentives, airdrops, and new staffs are structured around the $10,000 monthly allocation.
I am not looking for “fake” transactions as well, but more on adding metrics to justify the activity on the dapp. If you have any ideas to add to this, feel free to do so. As part of the Function X community, I want to see more dapps build here, but the active dapps are also important.
Regarding the potential time gap on development while waiting to reach the target, I prefer to see a longer timeline with a more “mature” userbase since bringing in users and transactions is the most important thing that all blockchains are looking for. I believe this is something that the ZooGames team is looking for as well.
If you’re interested in trying out the Poker game on ZooGames with your friends. Simply create a ZooGamesID, respond to this message by telling me your ZooGamesID, and I’ll airdrop vZOO to your account for you to enjoy the game (You can also earn free vZOO by playing the Free2Play tournament). You can download the game for PC, MAC, or Android using the following link: Download Poker ZooGenes Hold’em
If you need help creating a ZooGamesID with your wallet, this video tutorial will guide you through the process: How to create a ZooGamesID
Alternatively, you can use web2 credentials to connect to ZooGames and get a ZooGamesID. More information on that can be found here: ZooGames: The Fun Open for All