The Merger Proposal of Carry Protocol and SLG.Games

Dear Carry community, thanks for keeping us company when we extend our business into game fields as a next-generation game infrastructure. As we delve deeper and expand within the game ecosystem, we are dedicated to reshaping in-game advertising through blockchain technology. Today, we want to announce a merger proposal with SLG.Games, who offers cutting-edge tools and resources tailored for the Web3 game industry, to bring Carry to a new stage.

By leveraging Carry and SLG’s expertise in blockchain technology, advertising, and game development, this merger aims to create a comprehensive infrastructure that seamlessly integrates Web2 and Web3 games, offering a more engaging, rewarding, and sustainable ecosystem for developers, advertisers, and players alike.

Purpose of the Merger

The primary objective of the merger between Carry and SLG is to transform the gaming landscape by establishing a pioneering game infrastructure that seamlessly integrates advanced technologies, such as blockchain and advertising, to create a more engaging, rewarding, and sustainable ecosystem for all participants.

Carry brings to the table its invaluable experience in leveraging blockchain and advertising technology, which has been successfully applied into the physical store domain. By adapting this expertise to the gaming industry, carry aims to introduce a slot-based advertising mechanism that provides Web3 games with a brand-new way of advertising. This approach will provide advertisers with a more targeted and effective way to reach their desired audience, while simultaneously empowering game developers and players to monetize their creations and gaming experiences more efficiently.

SLG.GAMES, which has established itself as a one-stop infrastructure platform, facilitating the integration of blockchain technology into games with its industrial-grade SDK and comprehensive management platforms. Many games have been launched as Web3 games through SLG SDK, equipping these games with Web3 asset modules and on-chain data analysis modules.

There is a lineup of games that have partnered with SLG, a project known for its innovative approach to gaming. This diverse collection of titles spans various genres and themes, offering options for every type of player. There are immersive worlds like MetaCraft and RetroCraft, these games showcase the creativity and passion of their developers. Other notable entries include the whimsical Pixel Island, the GameFi Cat Paradise, the P2E game Tap Fantasy, Dango which is based on BEP20, and strategic game Clash of Lilliput. Each game brings its own unique style and gameplay mechanics to the table, ensuring a rich and engaging experience for players. SLG’s partnership with these games demonstrates the company’s commitment to supporting talented developers and bringing fresh, high-quality content to the gaming community.

1. MetaCraft https://www.metacraft.game/
2. RetroCraft http://www.retrocrafteyewear.com/#about
3. Pixel Island https://pixelisland.xyz/
4. Tap Fantasy https://tapfantasy.io/#/
5. Dango https://dango3.io/ja/#Home
6. Clash of Lilliput https://www.lilliput.games/#/
7. City Tycoon Games https://www.citytycoon.games/
8. Genesis Universe https://www.genuniverse.io/

The merger of SLG. Games will give Carry leverage to better design and faster implementation of three key modules it wants to deliver: a slot-based advertising mechanism, a comprehensive data analysis module, and an all-encompassing SDK designed to cater to both Web2 and Web3 games.

After the merger, the game developers can use these three modules as a whole, it will not only bridge the gap between Web2 and Web3 games but also introduce an innovative advertising paradigm that enriches both the gaming and advertising ecosystems. Besides, all customized auction marketplaces created by developers through slot-based advertising module and normal marketplaces, such as those for selling NFTs created by game release SDK, can be seamlessly integrate into the broader Carry Marketplace to share liquidity and exposure with the expansive user base from Carry, while preserving their distinct thematic or functional focus. This architectural blueprint cultivates a synergistic and varied marketplace ecosystem, uniting specialized markets — ranging from gaming advertisements to in-game item sales — under a shared liquidity framework, thus amplifying their reach and effectiveness across the Carry platform.

Benefits of the Merger

Imagine an RPG where players explore vast landscapes, embark on quests, and interact with diverse characters, which is developed on web2 platforms but intend to integrate web3 features and assets. By utilizing SLG games SDK，the RPG game is able to integrate in-game assets with on-chain features.

With SLG games SDK, the game will achieve:

1. In-game assets can be made as on-chain assets.
2. On-Chain user and identity management.
3. On-Chain data monitoring.

With Carry SDK, the following features are supported:

1. Slot based advertisements.
2. Auctioning of Slots and in-game assets on Carry Marketplace.
3. Data analytics and experimentation.
4. Interoperable game assets and components. Assets and slots can achieve greater liquidity.

However, with Carry & SLG merged infrastructure, the RPG game is able to achieve the following:

1. Multi-Chain assets in one game. In-game assets like backpacks and weapons in one game can be used in another, for both web2 and web3 games.
2. Game Analytics and Experimentation. Game developers can track user behaviors and collect metrics to constantly improve their games.
3. Slot based advertisements, which will bring incentives for game developers and players.
4. Game assets can be traded, exchanged and auctioned through Carry Marketplace.
5. The RPG game will get access to a much-diversified community

The Carry & SLG merger will create a more versatile and inclusive platform that caters to the diverse needs of the gaming community. The Carry & SLG infrastructure will help games get higher community exposure. By providing a unified infrastructure that supports both Web2 and Web3 games, the merged entity will bridge the gap between traditional and blockchain-based gaming, accelerating the mainstream adoption of this transformative technology.

Token Upgrade

We will initiate a vote related to this proposal on Snapshot at around 5:00 AM UTC on April 14, 2024. If the proposal passes, the new merged token will be called $GAME.

The new token will have the following utilities:

Governance Vote: Each token represents a vote in the platform’s governance process. The more tokens held in a wallet, the greater the holder’s influence and voting power on proposals.

Collateral: New token holders can use their tokens as collateral to access additional services provided by the platform, including identity management, asset management, security protection, and SDK provision.

Membership: Participants can obtain membership through payment and by providing collateral, which includes access to data analysis, market advice, and additional services such as identity management, asset management, security protection, and SDK provision.

Auction Marketplace Creation: Users can use new tokens as collateral to create an auction marketplace. The marketplace creator can adjust its parameters, and manage the transaction process, but cannot manipulate the transaction outcomes. The main responsibility of the creator is to regulate participant behavior and to mitigate certain attacks that are currently difficult to prevent against the VCG mechanism.

New Token Swap Ratio

The swap ratio for the new token was calculated based on the average FDV of each token over the past 7 days prior to the proposal’s release date. (*Data Source: CoinMarketCap)

After the merger, the total token supply of $GAME will become 21,419,639,400.

How to Swap

Assuming the proposal passes:

For those who hold $CRE and $SLG tokens on major exchanges, no action is needed. We will work with major exchanges to ensure a smooth conversion and your holdings will automatically be converted to $GAME tokens directly by the exchanges.

For individual wallet holders, a token swap entry will be available in the coming weeks after the swap contracts are audited. Stay tuned to our official channels where holders can access via links on our website.

Exclusive $CRE Holder Airdrop

In order to reward CRE community’s steadfast support and commitment through multiple market cycles, we plan to conduct an exclusive airdrop to all the CRE holders.

We will allocate 3% of the new $GAME token as incentives for CRE holders. The amount of the $GAME used for the airdrop will be 642,589,182.

The tokens used for airdrops come from part of $SLG tokens unvested parts.

Based on the previous stated swap ratio , 1 CRE will be theoretically mapped into 1 GAME.

But with the airdrop incorporated, 1 CRE will actually be mapped into 1.064259 Game, with an increase of 6.43% in amount.

Airdrop Vesting Plan

A snapshot of CRE will be taken within two weeks after the proposal passes.

The airdrop will be carried out in four rounds. The first round will be set to unfold within one month after the proposal passes, we will unfold the rest rounds every three months until the airdrop is fully distributed.

For example, if a holder holds 1,000,000 CRE tokens at the snapshot time , the holder will receive 64,259 GAME Airdrop in total, but the distribution will be carried out in four rounds.

Airdrop Mechanism

For those who hold $CRE tokens on major exchanges, no action is needed. The airdrop will be automatically conducted by exchanges according to the snapshot results.

For individual wallet holders, a token airdrop-claim mechanism will be available in the coming weeks. Stay tuned to our official channels where holders can access via links on our website.

Adjusted Vesting Plan for unvested parts

After the merger, in order to protect CRE and SLG holders’ interests, the unvested parts of $Game will be locked up for another six months,

According to the previous vesting plan, the next vesting time is scheduled to be April 2024. With the adjustment of 6 months lock-up period, the next vesting time will occur after October 2024.

Your Opinion Matters

We will initiate a vote related to this proposal on Snapshot at around 5:00 AM UTC on April 14, 2024.

To obtain voting power, ensure you hold CRE tokens in your Metamask wallet before we set up our Snapshot voting page.

You can also refer to the previous Carry Voting Guide, the process is similar.

https://medium.com/carryprotocol/the-carry-proposal-voting-guide-4a13b508bfb1

The proposed merger between Carry and SLG.GAMES is poised to revolutionize the way we experience and interact with games. By combining Carry and SLG’s expertise and introducing innovative features, this merger will unlock new possibilities and reshape the future of gaming.

Looking forward to your participation in our upcoming Snapshot voting and thanks for your continuous support.