ElectroWizy Endows Decentralisation in RWA NFT Game through a fair token model

The recent headlines on ETH ETF approval is a living testimony of why decentralised crypto projects led by community alone do better. In this article, we will illustrate how we ensure that ElectroWizy achieves a high level of decentralisation across all verticals.

ElectroWizy represents a pioneering venture in the realm of NFT-powered gaming, blending the immersive experiences of gaming with the revolutionary technology of blockchain.

Central to the functionality and governance of the game is the WIZY token, a digital token designed to secure the game on-chain and provide passive income earning avenues for community members

Staking Mechanism and Decentralisation

One of the standout offerings of ElectroWizy is its staking mechanism. Token holders can stake their tokens, which serves two primary purposes: securing the game and generating returns for the holders. This proof-of-stake (PoS) concept is crucial for the decentralisation of the game.

Unlike traditional gaming models where a central authority controls the game dynamics and economy, ElectroWizy empowers its community of token holders to play an active role in the game’s governance and security.

By staking WIZY tokens, holders contribute to the validation of transactions within the game. This decentralised approach means that no single entity has overarching control, aligning with the broader ethos of blockchain technology.

The staking mechanism also automates returns for the holders, providing them with passive income in the form of additional WIZY tokens.

Renewable Energy NFTs — the digital twin

ElectroWizy Gameplay offers a range of renewable energy assets (NFTs’) like solar panels, wind turbines, nuclear reactors and thermal generators. Players can purchase theseNFTs to start playing in event based games. The in-game purchases are powered by WIZY — the native token of ElectroWizy.

You can learn more about the ElectroWizy NFT system here

WIZY token is the linchpin of the game as it covers the following

• On-chain transaction fees (handling fee)
• DeFi platform running costs (APY for investors who’ve staked WIZY)
• Value of the asset (the realised value of the NFT)
• Development fee (profits made through WIZY is reinvested in further developments)

Some of the use cases of WIZY are as follows

Token holders have a say in how these assets are utilised and managed, ensuring that the community drives the decision-making processes rather than a centralised authority.

Unlike security tokens that are controlled by a larger association, WIZY is fully managed by the community and is accessible for players and investors across the Globe.

Token holders can choose to participate in the game and earn passive income by strategising their in game moves or token holders can opt to stake their tokens and enjoy passive income.

Community First Web3 Game

A key aspect of ElectroWizy’s decentralised model is the emphasis on community-led governance of the virtual assets. The project envisions a future where the ElectroWizy community exercises its right to govern. This democratised approach is designed to align the interests of the players with the overall success and sustainability of the game.

As the game grows and evolves, the collective input from the community will shape its trajectory, ensuring that the game remains aligned with the interests of all stakeholders.

Automated Returns and Financial Inclusion

The automated returns mechanism embedded in the staking process of ElectroWizy is a significant draw for potential participants. By staking their tokens, holders earn more WIZY tokens, creating a steady stream of income. This financial model promotes inclusivity, allowing individuals from various backgrounds to participate and benefit from the game.

The decentralised nature of this return mechanism ensures that rewards are distributed fairly and transparently, based on the contributions and stakes of the participants. Players can choose to invest as little as $50.

End Note

In conclusion, ElectroWizy’s innovative use of the WIZY token, combined with its staking mechanism, RWA integration, and community-led governance, marks a significant advancement in the realm of decentralised gaming.

By empowering its community and ensuring transparent, secure, and automated processes, ElectroWizy is not just a game but a paradigm shift in how digital and real-world assets can be harmoniously integrated and governed.