Let’s Talk Tokens: The 5 Tokens that Create the Akiverse Ecosystem
Originally published at https://medium.com on March 17, 2022.
We’ve built the Akiverse Ecosystem around 5 different tokens. This article will let you know how they all work within Akiverse.
AKV Governance Token
In the early days of cryptocurrency, all that you could do to grow your portfolio was buy more Bitcoin, HODL and pray that the price went up. Decentralized peer-to-peer money was a leap forward for sound money, but the applications were limited.
Along came Ethereum, a general-purpose blockchain that enabled decentralized applications to be built; and also allowed people to create their own tokens. This development catalyzed innovation, and we saw an explosion in new projects and ideas for how to best utilize blockchain technology.
Fast forward to today and we are seeing Web 3.0, the metaverse and NFTs take the blockchain center stage. The unique economic dynamics of projects owned by a community of token holders, and the increased acceptance of programmable digital property rights with NFTs, enable unique ecosystems to be built.
NFTs have become more than just artwork. They are evolving as critical foundational building blocks of Web 3.0, much like websites were the building blocks of Web 2.0.
Akiverse sits at the intersection of many of these technological developments. We are building a GameFi arcade ecosystem where anyone can play-and-earn for free anytime, anywhere, using interrelated tokens and NFTs as the foundational building blocks.
The Akiverse Token Ecosystem
The Akiverse Token Ecosystem
5 tokens create the Akiverse Token Ecosystem:
Each of the tokens performs a function in building an ecosystem to support a high quality gameplay experience.
First, we will describe each token, and then cover how they work together to create the ecosystem.
AKV — The Governance Token
The AKV token is an ERC-20 token used as the Governance token in Akiverse. It is a representation of the value of the Akiverse arcade universe gaming platform.
AKV holders will receive a proportion of the revenue made on the Akiverse gaming platform, staking bonuses and LP farming bonuses. Holders will also have the ability to participate in key governance votes for Akiverse.
Staking AKV over a threshold (TBA) will make holders eligible for additional bonuses, such as Arcade Machine Airdrops and early access to Akiverse before the official launch.
AKV is required for the Arcade Machine Crafting process, and can also be won when players achieve high rankings in gameplay.
The AKV token contract has just been deployed on Ethereum. Some of the first people to receive AKV tokens will be Game Center owners, who are eligible for AKV Airdrops, starting in March, when they hold onto Game Centers leading up to the official launch of Akiverse.
AKV will also be released gradually to the market as part of our public sale, staking bonuses and LP farming bonuses scheduled for later in 2022 (TBA). All AKV allocated for the team, advisors and during our seed and private sale is subject to lock-up periods following exchange listings. You can read more about these allocations and lock-ups in our Whitepaper.
AKV Governance Token
AKIR — The Reward Token
The AKIR token is an ERC-20 token used as the utility token in Akiverse. It will enable transactions to take place within Akiverse.
The functions of the AKIR token will evolve as the Akiverse gaming program develops, which is the reason why no cap has been set on supply for the AKIR token. The more activity that occurs within Akiverse, the more AKIR will be required to facilitate transactions.
Here are some of the intended primary functions of the AKIR token:
- A reward that players can earn by playing Akiverse arcade games
- A fee for Crafting Arcade Machines. AKIR used to craft Arcade Machines will be burned
- A fee for Arcade Machine owners to pay rent to Game Center owners for installing their machines inside Game Centers
- Bonuses for staking AKV and providing liquidity
AKIR Rewards Token
Game Center NFTs
Game Centers are the highest income generating NFT assets in Akiverse. Each Game Center is represented by a unique ERC-721 token.
A Game Center is a space where Arcade Machines are set up for players to play games. Akiverse Game Centers are NFTs that work like land in other GameFi worlds. Owning a Game Center NFT allows you to run your own Game Center to earn money.
We are releasing batches of NFT Game Centers for sale leading up to our launch. Our next sale is scheduled for 8th April 2022.
There are 3 different sized Game Centers available in Akiverse, each can fit a different number of Arcade Machines inside:
Game Center owners are free to install whatever arcade games they like into their Game Center. They may choose to have a certain theme to attract players interested in that category of games. Game Center owners earn rent in AKIR when Arcade Machine owners install their machines inside the Game Center.
You can read more about earning with Game Centers in our other article: How to Make Money with Your Own NFT Game Center
Medium Size Game Center NFT
Arcade Machine NFTs
Each Arcade Machine NFT is a unique ERC-721 token that contains a single arcade game, just like an Arcade Machine would contain a single game in a real-life Game Center.
An arcade game that is installed on an Arcade Machine can only be played by the owner of the Arcade Machine until it is installed in a Game Center, then it can be played by anyone.
Once an Arcade Machine is installed in a Game Center, the owner can set the percentage of AKIR winnings that go to the player and the owner. For example, the player might get 70% of the winnings while the owner gets 30%. This allows the owner of the machine to earn AKIR for themselves, and to pay rent to Game Center owners.
Arcade Machine NFTs are created in a process that we call Crafting, which involves Arcade Parts.
You can read more about Akiverse Aracde Machines in our other article: Akiverse is Redefining Arcade Gaming with NFT Arcade Machines
Arcade Machine NFT
Arcade Parts NFTs
Arcade Parts NFTs are ERC-1155 tokens that represent components that make up an Arcade Machine, just like using parts to build an Arcade Machine in real-life.
Each Arcade Machine is crafted by combining these 4 different types of Arcade Parts:
- Cartridge
- Circuit Board
- Controller
- Cabinet
Different arcade games will need to be crafted with different arcade parts. Some parts may be suitable for more than 1 game. The combination of parts required to Craft an Arcade Machine is known as a recipe. Recipes will be published so that Crafters know how to build their desired Arcade Machine.
Arcade Parts NFTs can be obtained by Salvaging or Recycling existing Arcade Machines or purchasing or them from the marketplace.
Circuit Board Arcade Part NFT
Bringing All the Tokens Together
The combination of all 5 tokens within the Akiverse ecosystem allow for two layers of gameplay to occur simultaneously, one layer for Players and the other for Investors.
Players can just enjoy playing the arcade games in whatever Game Center they desire, playing purely for fun or challenging themselves to beat high scores, and earning AKIR along the way. This is what we call play-and-earn gaming, where the most important part is enjoying the gameplay experience, with earning tokens as a nice additional benefit.
Akiverse is designed to be accessible for anyone to play, with Players being able to play anytime, anywhere with just a smart device and internet connection. They don’t even need to know anything about blockchain to play.
While Players are enjoying Akiverse, Investors can work behind the scenes trying to earn as much as possible with their NFTs. By attracting Players into their Game Centers and filling them with Arcade Machines, Investors can earn AKIR.
Game Center owners earn by renting out space. Arcade Machine owners earn a percentage of players winnings. Game Center owners who also own Arcade Machines can install these machines into their own Game Centers to earn even more. Investors can also Craft Arcade Machines with Arcade Parts and sell them on the marketplace to earn. There are multiple ways to play the investors game in Akiverse.
Building a Valuable Gaming Platform
The relationship between the 5 tokens that create the Akiverse ecosystem facilitates a gameplay experience that rewards both Players and Investors.
The tokens work together to support the construction of a gaming platform that produces high quality games enjoyed by all players.
As more games are created and introduced to Akiverse, and more players engage with the arcade games, a network effect emerges that will result in a valuable gaming platform. The value of the platform will be reflected by both the value of the tokens, and also the levels of enjoyment and fulfilment of the players.
…
AKIVERSE — AN ARCADE UNIVERSE IN YOUR POCKET
We are building a blockchain game arcade universe where you can play-and-earn anytime, anywhere with just a mobile phone and internet connection without needing to know anything about crypto.
Play games for fun and earn as you go instead of just playing boring play-to-earn games
Craft NFT Arcade Machines with Arcade Parts and earn a % of winnings from players
Own Game Centers and install the most popular games to earn revenue
PLAY — CRAFT — OWN — EARN
Built on Ethereum and Polygon
Launching Q1 2023
Website: akiverse.io
Whitepaper: whitepaper.akiverse.io
Twitter: @akiverse_io
Telegram: t.me/Akiverse
Medium: @Akiverse
Discord: Akiverse Discord
