DPWK New Economic Model
Contents
Ø Replace & Rename DPK token’s token name and contract smart address
Ø Mine Planet upgrade with new DeFi rewarding system
Ø Kitty NFT upgrading and synthesizing system
Ø New economic model for KIT token
Ø Content adjustment for Brave World
DPWK Development Update
DPK chain-game platform was launched in November 2021, and we have experienced a process from a platform’s peak to its decline. When a lot of chain games’ economic model collapsed last year, the advantages of our economic model bought more time and confidence to our project. However, due to the lack of follow-up products, we were unable to provide more consumables to our tokens, which resulted a knock off on the pedestal.
The reason why we have been silent for so long is because even if we launch our new product as scheduled, we still feel that we cannot maintain the economic model for a long time. We hope that we can develop a better and longer-term economic model to bring in long-term values to our investors. Although Gamefi has developed rapidly for a year, it is still in the foundation-building stage of an industry that has just begun. We need more thinking and exploration, as well as timely changes, to continue on bring long-term returns to all equity partners.
Current Situations
1. KIT token price is continuously dropping. There’s No consumption scenario except the reproduction on kitties. It’s like players purchase kitty NFTs for one time and then play, earn, then sell infinitely.
2. Overproduction on Kitty NFT leads to a significant drop on kitty’s price. Furthermore, significant reduction in the number of reproduction caused the collapse of our reproduction system.
3. DPK has no other use besides reproduction. However, our DeFi pool, Mine Planet, etc earns DPK continuously, there is no actual value supporting token’s price.
Core Strategies Regarding DPWK Economic Model Adjustments
1.Changing the output mechanism for KIT.
PVE production for Pet Garden will be heavily decreased, and will gradually reduce its output by time. KIT token produced from the Mine Planet will be limited each month, players who invest more will be allocated more portion of KIT.
Brave World’s KIT production will be determined by their PVP leaderboard system, it will not be related to Kitty NFT but to Dragon and Hero NFTs.
New game modes(upgrading Mine Planet, kitty reproduction, Brave World, etc) will require a lot of KIT consumption.
2. Redefine Kitty NFTs.
Kitty NFTs will no longer be relevant to the production of KIT. Kitty NFTs will still be our account system, you need to at least have one Kitty NFT to play our games.
However, each chain-game in DPWK will have its own economic cycle, the output of each game is linked to the user’s NFT and in-game items. Kitty NFT will no longer earn any DPWK in game.
The production output for Kitty NFT will be concentrated on the Mine Planet. Players who do not want to invest in the game can easily stake their Kitty NFTs on their Mine Planet for exploration and mining.
3. DPWK Utilities
Amongst all our setups, DPWK will play as the most important role of our platform. We have built a consumption system mainly focusing on the consumption of DPWK. In our future NFT sales, DPWK will be the only method to purchase our NFT blind box as we want to ensure the value and the consumption of DPWK.
Furthermore, due to the fact that Kitty NFTs has expanded to over 60,000 units, we have decided to no longer giveaway Brave World’s Hero NFTs to current Kitty NFT holders. All Brave World’s Hero NFTs will be purchasable by DPWK token.
4. Brave World Changes
We have completely redesigned the economic model of Brave World, and it now has 2 economic cycle supporting the tokenomic:
Items and diamonds earned from PVE ；
Brave token that can be used to purchase equipment blind box.
PVE will not earn any KIT or DPWK tokens & using hero NFT& Dragon NFT,players in PVE will receive equipment as rewards. PVE is the only way to earn Brave token.
PVP leaderboard will be the primary way to earn KIT and DPWK tokens. To be on top of the leaderboard & receive a large portion of DPWK and KIT rewards, players need to acquire high quality equipments and a lot of KIT to consume on upgrading their heroes.
Details
Step 1：Change of DPK contract & governance token DPK rename to DPWK.
Dev team will deploy a new BEP-20 smart contract in replace our current BEP-20 smart contract. We were advised by our consultants and top CEX to make such changes for the preparation of our future DAO governance, thus following DPWK Singapore foundation’s regulatory compliance and release our new domain name www.dpwk.io .
Step 2： Reduce the output on KIT, launch of Planet upgrade and planet staking
“We will be heavily reducing the KIT output of Pet Garden and releasing Mine Planet upgrade system at the same time.”
Once the Mine Planet upgrade is launched, each planet can occupy more Kitties to go on their adventures, which the production will increase.
After the shut down of DeFi and the production cut on Pet Garden, earning DPWK and KIT from the Mine Planet will be the best strategy for players who doesn’t have the time to play but wants to have a passive income. As planet upgrade requires a lot of DPWK, KIT and material NFTs, staking your DPWK on your planet will receive bonus rewards.
Furthermore, each month, the total production of DPWK and KIT from the planet will be fixed. Therefore, as players leveling up their Planet and synthesizing Kitties, they are able to receive higher rewards in return.
Step 3: Kitty upgrade and synthesis system
“We are introducing the Kitty upgrade and synthesis system to solve the current issue of overproduction Kitty NFTs, thus forming a new Kitty NFT mining economic model.”
Once the upgrade and synthesis system is launched, investors can consume DPWK and KIT to upgrade and synthesis their Kitty NFTs to receive higher attribute Kitties. The higher attribute they have, the more rewards you receive on Mine Planet. On the long run, the whole Kitty NFT market will recover as there is a well-established supply and demand chain.
Step 4: Launch of BraveWorld
Stay tuned for further announcements.
Step 5: Introducing DPWK DAO and Treasure Fund
TBD
Please follow our social media pages for further announcements:
Twitter：https://twitter.com/DPWK_kreatties
Discord：https://discord.gg/FCHbC6WJAQ
Website：https://www.dontplaywithkitty.io/
