Moxy: Powering the Play to Earn revolution
Through the success of many games like Axie Infinity and Zed Run, it has become clear that the play-to-earn model is the future of gaming. Even some of the largest videogame authorities out there agree that play-to-earn is the future, such as Andrew Wilson, the CEO of Electronic Arts (EA). This makes sense: play-to-earn games reward the most skilled users, which in turn ultimately rewards the videogame creators.
All game developers are aware of the importance of the play-to-earn model, yet for now few are adopting it. The biggest PC game hub in the industry, Valve, even said that they have no plans of adopting blockchain on Steam for now. The main reason is that there is a huge barrier to entry for blockchain integration. Few people in the videogame industry know about blockchain, and even fewer know how to integrate a videogame to the blockchain.
Moxy reduces the barrier of entry for videogame developers significantly, through Moxy Forge. Moxy Forge will allow new and existing games to integrate in-game currency and rewards, through an easy-to-use API stack. Through Moxy Forge, any game can quickly integrate a play-to-earn blockchain functionality. The solution almost as simple as as plug-and-play. This saves videogame developers countless hours and funds, which can now be used to better improve the videogame itself.
Moxy’s other huge feature is proof-of-play. Whereas play-to-earn rewards the most skilled players of a videogame, proof-of-play will reward the most active users with extra tokens and incentives. This gives videogame developers flexibility on how they want to integrate their reward mechanics. Moxy forge even offers a few preset templates, which can be tweaked as necessary to fit the needs of all games and reward mechanisms. The whitepaper defines this best: “Moxy is by gamers, for gamers”.
By being built on the Flow blockchain, Moxy allows cheap transactions for all users, and simple integration for the developers. This also allows the Moxy token to be cross-platform: almost any videogame could choose to integrate with Moxy in order to become Play-to-earn or Proof-of-Play as long as the underlying forge engine has already been developed.
So, what will the people be rewarded with? Every game will have its native game token that players will be rewarded with. This token they can only sell to the MOX token, which can then be sold into FUSD, major Cryptocurrencies or burned to obtain the staking reward token MV (MoxyVault). Players can easily access their rewards dashboard through the Moxy Club webpage. This way, gamers will have an all-in-one platform to visualize which games are earning them which rewards. Gamers must KYC in order to join the Moxy Club, which gives a larger feeling of security over the platform. This way, no bots will be able to play the videogames and earn rewards, only real human players.
Most major gaming platforms like valve or blizzard are not endorsing blockchain and NFT based reward systems for their own products due to the regulatory repercussions such reward systems bring. Minors earning real money is illegal in many countries and regulators like the SEC would certainly take legal action against them.
Moxy’s fully KYCed (know your customer) multi-token-exchange and game-rewarding-platform, requires minors to have custodians consent for them, and thereby making it fully SEC compliant.
This way Moxy takes the legal hustle for play-to-earn as well as the blockchain development work out off the gaming provider’s shoulders and allows them to literally plug-and-play into the blockchain-reward-market.
Governance
The Moxy token is more than a simple reward token. It is also used as a governance token, where the community can decide what happens to the Moxy treasury and which games get funded. A big issue with today’s videogames is finding the proper funding to make a great game. Thanks to Moxy, the community itself will decide collectively which videogames get funded, and which do not. This allows proper organic growth for all games being developed with Moxy in mind.
Launchpad
Moxy will feature a launchpad, where token holders can vote on which projects get funded, which earning mechanics get implemented, and which games are ultimately published. It is called Moxy Launch, and Moxy Club members will be able to vote with their tokens to decide where the treasury funds go. This makes Moxy more than just a simple rewards token: it is also a DAO governing a great launchpad.
First Games as POC on Moxy
Moxy already has three AAA titles that are launching using its rewards mechanism. They are:
- Dig It To Win (90% ready for production)
- Allies of Crypto (Mobile + PC + Console — 80% ready for production)
- Fish Tanks (PC + Consoles — already in Beta)
We can see through these titles that Moxy can easily integrate to all types of videogames. Whether the game is mobile-based, console based or PC-based, thanks to Moxy one is sure to have his videogame integrated into the blockchain at all times.
For now, the whitepaper has a small paragraph about each videogame. Although there is little information about the videogames for now, stay tuned on the Moxy webpage for more details.
Moxy Vault, Staking and Burning Utility
Although the Moxy (MOX) token already has plenty of utility beyond just simply getting rewarded to play, the founders at Moxy wanted to give even more incentive for Moxy holders to hold and never sell. This is done through the Moxy vault: MOX holders can burn their MOX tokens in order to receive MV tokens. These MV tokens allow users to earn MOX passively. Also, MV tokens are not as liquid as MOX tokens. The MV tokens can only be converted back to MOX over a one-year linear distribution, giving even more incentive to hold and security that there will be no large whale dumps on the MOX token. Furthermore, the burning of the MOX token means that the supply of MOX decreases, therefore incresing the price of each MOX.
Tokenomics
The MOX tokenomics are solid, and designed by some of the brightest minds in the industry:
We can see that the largest portion of the tokens is going to the Moxy ecosystem, allowing the community to grow. Most of the tokens are locked and distributed linearly, preventing any large scale dumps from whales. Finally, the Moxy foundation has 25% of the tokens, allowing a proper arbitator to ensure that the project is properly funded and active. This gives the team members at Moxy, as well as the early investors very little incentive to quit the project at any time. If they did quit, they would be losing a large portion of their tokens.
Moxy Team
Moxy boasts in its team some of the best leaders in the videogame industry. It has Nolan Bushnell, founder of Atari, and Lawrence Siegel, president of Atari, on its team. It has Nick Cote, a blockchain industry expert. Together, they decided that building on the Flow blockchain will provide the greatest experience for the Moxy users. By harnessing the power of the Flow blockchain, the team is able to deliver something truly special.
Overall
Overall, the play-to-earn ecosystem is growing extremely quickly. Any platform which can help reduce the barrier of entry to integrate blockchain in a videogame is extremely valuable. Moxy offers a one-stop-solution for this, and much more. Moxy has an incredible launchpad, and allows many videogames to use the MOX token together in one shell. In a way, Moxy is developing the go-to currency for all video games. This will allow a streamlined experience across all users and all platforms. Whether a gamer is on console, PC, or mobile, he can be sure to enjoy the vast array of awards that Moxy offers. Time will tell if Moxy becomes the go-to platform for video games to blockchain integrate blockchain, but as long as more and more video games adopt Moxy, it can only go up!
