Building for the Future
Gyur morning, Platys!
We have a lot to talk about with regards to our future and how we are planning to build everything out. Experimentation and innovation is something we’re keen to work on throughout the lifespan of this project — we want to create a long lasting impression on the industry with our ideas, implementation, and processes.
We believe we are in the “perfect storm” to achieve this — bear markets are scary, but are great for builders.
Without further ado, let’s deep dive in to some of our plans!
$CRAY is the utility token of the Platy universe and will be used for a number of use cases — some detailed in this article, others are still being iterated on and worked on behind the scenes. The idea for $CRAY is to provide long-term value for Platy holders and allowing us to experiment with new and innovative ideas whilst protecting your NFTs and preserving their value.
$CRAY will start off with a cap of 20,000,000 tokens which will be distributed as follows:
- 10,000,000 — staking rewards (approx. 1 year runway)
- 5,000,000 — rewards for other, related activities
- 1,000,000 — collaborations and partnerships
- 4,000,000 — reserved
NOTE: at this moment in time, we have no plans to make a $CRAY liquidity pool and thus do not intend to give $CRAY direct value. We’re keeping an eye on the legal and accounting implications of such actions and if we believe that creating a liquidity pool is safe and will provide added benefit to $CRAY, then we will allocate appropriate resource in to creating and maintaining one.
In short: $CRAY has no direct monetary value. Its value is dictated by the goods and services that will be available exclusively for $CRAY.
Non-Custodial Staking is our first product which will soft launch on 23rd May, 2022 with the intention to airdrop $CRAY to all Platy holders. The details are as follows:
- Every Platy will earn a base 10 $CRAY per day
- Gold Platys and Crown Platys will have a 20% boost to their $CRAY generation, giving them 12 $CRAY per day
- There will be a weekly “trait boost” which cycles through all traits, giving those Platys an extra 1 $CRAY per day. This boost is additive on top of any other boosts.
- Rarity will not impact staking rates
By its nature, custodial staking means you that you can’t really do much with your NFTs once they’re locked away. We want to give all sorts of use cases to Platy holders, so we think it’s important that they should be able to remain in your wallet and still receive the full benefits of staking.
If you have your Platy NFT listed on a marketplace, it will not receive $CRAY.
There are a number of fantastic solutions out there for staking, but we believe that non-custodial staking is the way forward for our project and believe it’s the next major shift in the utility meta.
PlatySwap: Sidegrade your Platys
PlatySwap will be our first new, innovative product that has not yet been created in the $SOL ecosystem. Its goal is simple: allow you to swap your undesired or floor Platys for a different, potentially rarer or more desirable Platy stored in the swap pool.
At launch, you will be able to swap one Platy for another random Platy stored in the pool for a fixed fee of 50 $CRAY. We will be providing the initial Platys to swap for, which will include a wide range of traits, rarities and more — so you may get lucky and pull a legendary Platy out of the pool!
The Housing Meta
We plan to launch the mint for our first interactive product, Platypus Houses, some time in late June. The process is simple:
- Select 1 Platy
- Deposit 200 $CRAY (non-refundable)
- Wait 1 week while your Platy is busy building
- A house NFT will be airdropped to your wallet
Similar to our approach with staking, building a house will be non-custodial so you still keep control over your Platy whilst your house is being built. However, if your Platy moves to a different wallet (eg: you list it on Magic Eden, or send it to another address) your house build will be cancelled with no way to withdraw the $CRAY.
Once a Platy builds a house, they will need 1 week to rest up before they can build another one.
Enter Platypus Cove
Platypus Cove is our flagship social game built around our Platys and will see you take on unique challenges, give you opportunities to build your own NFT house (including integrations with $ETH, and maybe even $NEAR and Arbitrum 👀) to create the first cohesive, persistent interactive NFT viewer on the market.
Anyone will be able to have their own in-game house, however only owners of a Platypus House will be able to decorate, expand, and take advantage of partnership items.
Our goal is to make a fun and social experience. Platypus Cove will not be a “play to earn” game, and will instead exist as an evolving experience for Platypus holders and our partners to have fun, make new friends, and experience a new way to gamify their NFTs!
We posted a teaser of our progress last week here — https://twitter.com/PeppyPlatypus/status/1521513071532982272 — which shows us loading NFTs in to a Unity WebGL context to allow NFTs to be visible — and playable — in Unity games. We also teased some of our early partnerships there 👀
Platypus Cove will evolve over time with the help of its residents and as new features develop. As we want to build a changing, persistent world — we want to ensure that our residents feel like they are the ones progressing and helping build the Cove.
Platypus Cove is a long term goal and will be iterated on and continued for years to come. We’ll be keeping you all up to date on our progression and how we are designing things as we make progress!
The Platypus IP
Our team has experience creating indie games and game mods. With a wide breadth of knowledge spanning multiple game engines and programming languages, we do not want Platypus Cove to be our only gaming product. We were recently experimenting with the concept of on-chain game saves, so you can bet that we’ll be creating more fun things for Platy holders to do!
Of course, any games we may create will be catered towards a general audience — but will have added bonuses for Platy holders!
Expanding the Platy Brand
With the introduction of Platypus Houses, there are so many things that we’ll have the freedom to do and experiment with. A non-exhaustive list of things that will be exclusive to purchase/mint with $CRAY:
- Future collaborations
- Exclusive in-game items and decorations
- Companion collections
We are also iterating on a number of future ideas, such as:
- Customising your Platy NFTs — from custom outfits, to renaming, and more!
- Working with other collections to “mutate” or “evolve” not just Platypuses but other collections as well
- …and more!
Burning ALL the $CRAY
Our long term goal for $CRAY is to create enough viable services and sinks that the token is completely deflationary, to the point where we will end up burning 100% of the total $CRAY supply. We believe this is possible with our focus on long-term planning and providing consistent usage and utility to our holders.
A quick note on timeframes
We want to only ever deliver perfection to our holders. We are perfectionists at heart and believe that we can provide services with enough polish to achieve this. With that being said, we are a small team of 2 working on Platys as a passion project until our royalties allow us to work on the project full time. We have the expertise to make all of this happen, but they won’t happen overnight. This is why we’re so keen to build for the long term: because we know what we’re capable of and what we can achieve. We’d like to think that you, as a holder, know this too.
We are committed to our vision and will continue serving this project for as long as we possibly can. We’ve been completely open and honest with our timeframes in the past — our initial roadmap spans about a years worth of development, and we have no intentions of stopping after one year.
We’ll be hosting a Twitter Space next Tuesday after the launch of non-custodial staking next week. In the meantime, we encourage people to join our Discord and ask questions — we’re always open to chatting with our community and answering any questions that may arise!
Where can I learn more about the Peppy Platypus Posse?
- Twitter: https://twitter.com/PeppyPlatypus
- Discord: https://discord.gg/peppyplatypus
- MagicEden: https://magiceden.io/marketplace/peppy_platypus_posse
- OpenSea: https://opensea.io/collection/peppy-platypus
- Official Website: https://peppyplatypus.com/