Exploring the DopeRaider Economy — on the POA Network.
Updated July 26th 1028, due to recent events and the switch to POA Network.
DopeRaider boasts a sophisticated smart contract game economy, and the possibility to earn a real living as a professional Narco, pushing virtual dope on the blockchain.
Sounds bizarre doesn’t it?
Let’s take a brief look at how this economy works.
By choosing to use real crypto as the in-game currency, and allowing players to create, buy and sell ‘dope’ to the contract for varying prices, DopeRaider would seem to be a fully fledged narconomy — complete with control mechanisms.
Revenue is raised by in-game activities, local and federal sales taxes, and also by players buying dope cheaply from the contract.
Supply and Demand
The drug prices in a district are determined by the local weed supply, meaning the more dope is being carried by Narcos in the area, the cheaper the price will be.
- The amount of POA in the corresponding drug pot: The bigger the drug pot, the more money can be earned by selling dope!
- The total weed/cocaine supply in the district (combined stash of all Narcos): The more drugs in a district, the lower the selling price.
The dope buying prices are always higher than the corresponding selling prices (a spread) to prevent silly trading.
Regulating the Economy
Controlling and balancing an economy like this is non-trivial, and we spent months in detailed discussions about how best to regulate. In the end we came up with a set of control mechanisms, that would be familiar to any economist.
By “floating the economy” we can distribute funds to all districts, raising prices — the DopeRaider equivalent of quantitive easing. This will be an interesting in-game event to watch out for!
The ratio of local:federal taxation on sales/activities can be adjusted to distribute funds across districts in the event that one or more districts becomes too rich. This is the DopeRaider equivalent of fiscal policy.
All of the individual taxes or item prices can be adjusted by the “government” team, to allow for fire-sales or other economic controls.
The Result
An irony of DopeRaider seems to be the decentralised application economy can be fine tuned centrally by the development team to ensure it runs smoothly. The idea is that Narcos will be able to fairly make a living by making good decisions in their career as a professional dope trader on the block chain.
The DopeRaider economy will float on July 30th at 21:00 UTC on the POA Network. This time there will be no gas issues thanks to the new network
To find out more and meet us come to:
Website: https://doperaider.com/
Discord: https://discord.gg/trEA8AY
Email: team@doperaider.com
Reddit: https://www.reddit.com/r/doperaider/
Facebook: https://www.facebook.com/DopeRaider/
Twitter: https://twitter.com/doperaider
Instagram:https://www.instagram.com/playdoperaider/?hl=en
Medium: https://medium.com/@DopeRaider
