ChainPet’s CTO John Roger Rustia AMA Contents: Chain Pet, a new Gamefi metaverse combine with P2E and staking

Tomorrow, Chain Pet will launch an invitation competition. Up to 35% ($BNB)share of the referral earning you can win!

AMA Time: 05/07 16:00 (UTC+8)

Q4 / Q8/ Q9 for ambassador

Q1: Hello and Welcome Rustia, the Chain Pet CTO, come and join our AMA meeting! First of all, we would like to invite you to introduce yourself and your teams!

Rustia:

Hello, everyone! I’m CTO of the Chain Pet team. You can call me Rustia. I’m very glad to come here and share Chain Pet with Gamefi fans and crypto enthusiasts.

Personally, I have been engaged in technology for a long time. I have more than 8 years of experience in IT solutions and served technical companies. Before immersing myself fully in Chain Pet, I also had 4 years of experience in blockchain and cryptocurrency.

About the Chain Pet team, most of the members are from Southeast Asia and have extensive experience in IT and Marketing.

Our CEO is Roland Francis Jimenez, an expert in digital content marketing and former project director of CXsoftware Technologies.

And our COO is Andrew Bonevie, who used to serve as director of Praetech Incorporated, project manager of Spearhead Global, and marketing consultant of Genesis Resort.

Besides, we also invite Charles David Inducil as CFO, who came from Canada, who used to be development director of CVI Holdings Inc, founder of BUMPABLES.COM.

We also have other passionate colleagues who are working hard on Chain Pet.

In sum, our team is experienced and really loves what we are doing.

And, hello ambassador, please introduce yourself to us too.

Ambassador:

Hello! It is my honor to be invited here. I am a crypto enthusiast with more than four years of investment experience. And I am also a big fan of Gamefi, I have played and done research about most of the famous Gamefi projects. Today I will show what I saw on Chain pet and bring some community feedback.

Q2: The first question, Rustia. It seems that the team members are very experienced. Why did you choose Gamefi? What kind of game Chain Pet is?

Rustia:

The development of Gamefi in the past two years is obvious to all. Since the outbreak of Axie, more and more excellent projects have emerged. At the same time, more and more traditional game operators and development teams are joining this field.

Game is an online activity with high public participation and acceptance. With the empowerment of blockchain and token mechanism, the highly centralized situation in web2 games can be changed, game assets and game revenue can be returned to players.

Chain Pet, a world with lovely elves and rewards from the alien universe. Chain Pet will create a long-term, playable and unique Gamefi metaverse. Our vision is to let Chain Pet players around the world have a permanent and stable income. They can not only enjoy the fun of the game, but also treat Chain Pet as a job to earn a salary.

Chain Pet is inspired by Axie, but not like Axie, we also learn experience for other games like Spten, Starshark… Chain Pet is a Web3 game which combines traditional PVP, PVE and NFT staking.

Q3: So, what can players do in the game and get benefits from it?

Rustia:

In our plan, we want to build Chain Pet into an enjoyable game metaverse that can get enough revenue. At the early stage, when players have their own elves, they can start the adventure of Chain Pet.

At present, players can participate in the game through PvP and NFT staking, which is not only the main function now, but also the main source of players’ income.

PVP is currently the biggest $CPET release channel in Chain Pet. After having three elves, players can participate in daily PVP activities and fight with other game players. At the same time, players can upgrade their elves through consuming gold coins, constantly defeat more high-level players and earn more game revenue.

By the way, the gold coin is the reward when you complete a PVP. Gold coins can be transformed into $CPET and withdrawn out of Chain Pet.

About NFT staking, players can stake their NFT to obtain $CPET rewards. The deposit and withdrawal of stake will not conflict with daily PVP. Staking the elves and you can get the $CPET every day.

Q4: That sounds great. But we also want some opinions from our ambassador. Hello, …………, you are the representative of the community. We want to know what you think about Chain Pet? Is it great like Rustia talked?

Ambassador:

Well, thanks for asking me. To be honest, Chain Pet is not the most remarkable game or highest revenue game I have ever met, but it would be the game I really want to insist on.

There are two main reasons. The Chain Pet team has a visionary in Gamefi, they can face the problems of this industry and try to conquer.

The second reason is that Chain Pet’s game model is very easy to learn and acceptable. It’s not like any other Gamefi project, you don’t need to learn complex rules and mechanisms. You can just open and log in on the web. Half an hour later, you can play it by yourself.

Q5: It seems that the income is very attractive to players. What’s the difference between Chain Pet and other Gamefi projects?

Rustia:

In essence, there is no difference between the basic logic of Chain Pet and other Gamefi projects.

The difference is that most of the game ROI and revenue is fixed, while Chain Pet is not an invariable revenue model.

For example, the chance of free PVP for Chain Pet is 5 times a day. Increasing the number of PVPS requires gold coins, which reduces the release of notifications to a certain extent and maintains the value circulation of $CPET.

At the same time, the attributes of the elves and the level of the team will affect the income of each PVPs. This enhances the importance of the Chain Pet NFTs and ensures the value of the Chain Pet NFTs.

Q6: You mentioned $CPET just now. So I guess it should be the project token? What are the functions of $CPET?

Rustia:

$CPET is the project token of Chain Pet, with a total amount of 100 billion. Compared with other similar projects, many of them adopt the dual tokens currency system or even the three tokens currency system. We only adopt the single token, and put all the functions on $CPET. $CPET integrates game token, staking and government, ect. We hope to increase its values in this way.

$CPET is a deflation model. In the NFT market, NFT stake, reward withdrawal and the other circulation situation involving $CPET, a low percentage of $CPET will be charged and burned.

In the long term future, the Chain Pet metaverse will include more, such as land, socialfi. $CPET will be used in these.

This is the distribution model of $CPET, you can take a look.

Q7: Looking at Gamefi, except that a few projects can develop smoothly, most of them will experience a wave of user explosion and token price rise, and finally fall into a “death spiral”. What do you think of this problem? How will Chain Pet deal with it?

Rustia:

In fact, not only web 3 projects, every product will face the problem of user growth and encounter the bottleneck of growth. This is a normal product development inevitable.

The rapid development of Gamefi is inseparable from the “Play to earn”, which can give players enough revenue and ROI, and players can maintain sustained growth. A problem with most projects now is that the high return in the early stage has attracted too many users in a short time, resulting in too large token output in the next stage. At this time, the growth of new players is insufficient, and the numerical expansion will occur prematurely, leading to the collapse of the model.

Token is a double-edged sword. The essence of Gamefi is “game + fi”, not “fi + game”. If the release of the token and the growth of users cannot be well coordinated, the project will be difficult to develop well in the long run.

At this point, Chain Pet will control the growth of players by controlling the number of sales of blind boxes. At the same time, we will also monitor the consumption and output of $CPET daily, and adjust it when necessary. In this case, the income of $CPET will be a very little different, but the ROI is still guaranteed.

In the future, Chain Pet will also pay more attention to the game itself, try to improve the gameplay as much as possible, and drive the growth and retention of players through gameplay.

Q8: Impressive! And I also want to ask Jossy Smart. How about you thinking about these questions? Do you agree with Rusita ?

Ambassador:

Yes, I can’t agree anymore. I used to participate in and do research on lots of Gamefi projects. Nearly every project has met the same problem. The price of tokens crashes, the growth of users stops.

As a normal player, I also want to get more token rewards when I join the game in the early stage. But there is the truth that over high token reward in the early stage is not good for the next stage of development.

Let’s think about that. Would you like to choose a game which can let you earn $1000 monthly for two months, or a game which will provide you with a stable monthly income of $500 for six months.

As I said before, the Chain Pet team has a visionary in Gamefi. They point out the problem frankly and try to deal with it.

Q9：Another more question, as the ambassador of the community, what have you found in the promotion of Chain Pet? Any interesting feedback from the community ? Or difficulty?

Ambassador:

In general, the promotion of Chain Pet is good. The most questions and problems I met and tried to explain are “How much I can earn? “ “How to play?” “Is it difficult? “.

These questions cannot be avoided. Every project should meet these.

Because the game model is not complicated, we can invite new players to join us and teach them easily.

Here also some voices came from the community, including me. We are excited about the invitation competition which was planning. And we also expect more updates and more playable functions.

A suggestion came from one of the community members. He wanted more easy tasks, just like the daily login reward. haha.

Q10: Thanks. Come back to Rustia. Your answers to “death spiral” inspired us a lot. According to the observation and the feedback from the community. What new features can we see in the following updates?

Rustia:

Thanks, host. And also thanks to the ambassador.

Now Chain Pet is in the early stages. Here are some new functions we are developing and going to release in the future.

1. $CPET staking: Based on the $CPET model and release estimation of the $CPET, we will launch the early stake system of $CPET. In the early stage, a high APR will benefit early supporters a lot. We are still designing the numerical number.

2. NFT lease: Players can rent gems and elves and to other players on the rental market.

The smart contract will ensure that the borrower will not sell or destroy the leased property, and leased property will be returned to the owner in time.

3. NFT Market: We will transform more game items into NFTs. And these game items can be traded not only on the Chain Pet market, but also on other BNB Chain markets. More liquidity of game items will create a more open and stable economic system.

In addition, we are also developing the PVE.

As you can see. This is the homeland of Chain Pet. Warehouse, battel, Magic, Mission… These are the game modes we were working on.

Q11: Now, the Chain Pet we know is just a P2E game. What is Chain Pet’s goal? What is the next stage of planning?

Rustia:

The goal of Chain Pet is to become a real user-owned game with its own decentralized organization, called community committee, which is managed by the community. Ideally, users can decide to use NFT sales revenue, in-game asset sales and traditional NFT market transaction costs. They can also determine the project development schedule and token repurchase plan.

In the future, Chain Pet should be a game which belongs to the community.

Another long term goal, when Chain Pet can run well in one or two years, we will decide to launch another new game which has a connection with Chain Pet.

Q12: Thanks for your answers, so we know Chain Pet much better! It’s worth looking forward to! I heard that Chain Pet is holding big marketing activities, am I right?

Rustia:

Yes. Tomorrow, Chain Pet will launch an invitation competition. In the weekly ranking, up to 35% share of the referral earning you can win. In addition, there are monthly rankings. This mysterious gift has not been announced yet. You can look forward to it!

Chain Pet is still in its early stage. As we all know, the players who join in the game early will get more income. At the same time, the game development process of Chain Pet is also going on steadily. The game revenue model will gradually go online, the player’s revenue will increase, and the game will be more diversified. What our team needs to do is a Chain Pet metaverse, not a simple game!

This month, there will be another good news about Chain Pet! Please keep an eye on our project. It should be a big surprise!

You can visit our official website to learn more: https://www.Chain Pet.com/