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GAINS Associates

Walken — Telegram AMA — June 13

On Monday, June 13, we had the pleasure to welcome to our Telegram chat:

Alexei Kulevets, CEO

We asked him questions about the development of Walken.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Introduction

Q — Ayeley from GAINS: Tell us about yourself and your crypto journey so far?

A — Alexei from Walken: My name is Alexei Kulevets, I’m CEO and Co-Founder of Walken.

About

Q — Ayeley from GAINS: What is the Walken project about in a few simple sentences?

A — Alexei from Walken: Walken is developed by an established mobile apps & gaming studio GetFit Apps with a solid track record (around since 2017, 60+m downloads, $45m+ revenue all time, a team of 50 in-house).

As founders we’ve been working for over 10 years together, and completed a number of successful projects before. The team relies on our solid marketing skills and tech expertise to onboard web2 users to the web3 eco-system.

With Walken we would like to bring our best web2 skills to the web3, with the mission to democratize the blockchain and make it much more adaptable in daily fun routines (gaming), and today we are at a stage with the ready product, which is live ahead of the listing!

Walken is a free-to-play win-to-earn game built on the Solana blockchain. It brings sports and NFT together while focusing on the natural human drive to walk and get moving. By walking in real life, players earn gems, with the help of which upgrade their in-game characters — CAThletes — and compete to win $WLKN tokens.

We’ve been working on fitness apps before, and Walking is our most productive app yet — so that’s why we decided to bring Walken on blockchain before all the hype even started! but very lucky to be in the move2earn trend

the tokens can be used to upgrade a CAThlete’s level (and stats) or buy NFT-items on the Marketplace to get extra stats points and win more competitions. Each CAThlete is generated with a unique set of genes that determine their appearance, stats, and rarity.

The values of the states significantly affect the chance to win in a particular running discipline. The gameplay focuses on upgrading CAThletes and taking part in running competitions to win $WLKN tokens. Every time a CAThlete’s level increases, its characteristics — strength, speed, and stamina — also grow.

Thus, the more a player walks in real life, the higher the stats of a CAThlete get, and the more often it wins in competitions, earning more $WLKN in the long run.

Q — Ayeley from GAINS: Will the game only be 1v1 or there are instances where CAThletes can team up and conquer another team?

A — Alexei from Walken: It’s PvP. However, we also plan a lot of tournament-related features

Q — Ayeley from GAINS: Can you share details of this for our community members who are not on board yet. I’m sure a lot are itching to join

A — Alexei from Walken: There will be different competitions so people could compete against friends and also with the rest of the world as of last week anyone can download Walken on iOS and Android and start playing has the right links and everything. Please make sure to read-only Twitter and telegram which are verified! a lot of misinformation on the internet already:(

Q — Twitter user @MdTanbi35716872: Can you tell me a little about the use cases of your NFTs? In which way can I generate profits with them? The more I have, the more benefits can I get? These NFTs can only be traded with WIN tokens or do they also use other types of currencies such as USDT, TRX, and ETH?

A — Alexei from Walken: Our CAThletes are truly unique as they are generated from lots of different parts/genes. So not only their stats but also the looks are unique. And they have names, absolutely unique! You won’t find two CAThletes with the same names.

So far there are 10 levels for CAThletes, yet this number might change in the future as we continuously work on the balance and game mechanics. To level up, a player would need a certain amount of Gems (in-game soft currency, earned by walking in real life) and $WLKN (crypto token, earned in competitions in the game).

The number of gems and $WLKN required to level up is different for different levels, the higher the level, the more Gems, and $WLKN are required. When leveling up, the stats of a CAThlete also grow by 10% of their genetic max. More than that — you can get some items and clothes for your CAThletes and it will give you some stat boost and a possibility to win even more competitions.

Once you’ve taken your CAThlete to the 10th level, you may get another one and start all over again. As each CAThlete has a limited amount of energy per day, the more CAThletes you own, the more competitions you can enter per day, and the more tokens per day you win! There are different ways to get your NFT CAThlete:

— everyone will get a free CAThlete at the start but to make it an NFT you’ll need to upgrade him to level 6 by walking and participating in competitions;

— buy a loot box on the Marketplace (Official NFT sale is coming soon, please follow the news) — will be available for SOL;

— buy a CAThlete on the Marketplace (available for SOL as well);

— we’ll also introduce a breeding feature pretty soon and players will be able to get offspring CAThlete from 2 parents.

Q — Telegram user Sonic: You said that the Amount of gems and $WLKN required to level up is different for different levels, the higher the level, the more Gems and $WLKN are required. What level is the highest and requires some Gems and $WLKN?

A — Alexei from Walken: for now we have 10 levels, it will take a significant time to get there. We’ll continue to introduce new features and challenges to the players so it was always fun and profitable to play

Q — Telegram user Impala X: In the existing move-to-earn projects we saw that when the number of new members decreased the project went worse or useless. Does Walken have some measures to handle this handicap?

A — Alexei from Walken: that’s why we have a single token design and are going to focus on sustainability so much. it’s free2play, but you can’t make a fortune quickly. if you want to make money it Walken, the game will reward you for patience. this way we ensure sustainability and long-lasting interest and also trust in the project

Q — Telegram user Irfane: Hi @coolevets Walken was inspired by Tamagotchi and Pokemon Go, does it mean we can also socially interact with different players near our area? Then it’s possible to see different CATHletes on the map?

A — Alexei from Walken: who knows, we’ll see! but we’d like to be social and compete with your friends will be available very soon with a tournaments feature

Q — Telegram user suzuki: I fully understand that Walken is built on top of the SOLANA network. But are you going to completely focus on one network? If you have plans to expand to all networks, why only work with projects on this single network? Thanks 🙏🏼

A — Alexei from Walken: For now it’s Solana, but we are open to multi-chain approach if it makes the product better and more accessible to the wider public

Q — Telegram user Space Dan: So, if the user can reap the benefits through Move-to-Earn. Does Walken count steps when I run? Can we walk or run on a treadmill? What if I just fooled the step counter? How do you find out, and what is the penalty?

A — Alexei from Walken: We are not tied to GPS, so the treadmill works! any steps that you take during the day count!

Token

Q — Ayeley from GAINS: What role does the $WLKN token play in the Walken ecosystem?

A — Alexei from Walken: So, players compete for $WLKN token, Walken’s reward and governance token used for trading on the in-game NFT Marketplace and required for CAThlete’s level-up, as well as for the upcoming breeding.

So basically it’s a very active token in order for players to “grow” their CAThletes and be able to compete in higher leagues and make more money, there will be additional features such as staking so we could give users more chance to profit in a more passive way

The game design is revolving around the idea that active players are rewarded in a better way since as you just dump, you will not be able to grow your CAThlete and make a lot of money

but if you play in the long run, it’s much much better and you can have several CAThlets in your portfolio.

CATheltes become NFTs on level 6 and this is the time when you can complete in leagues with much higher rewards

Security

Q — Twitter user @KabitaTridev: How strong is your project security system? And what benefits will a user have in the years to come when I decide to join the project you are working on right now?

A — Alexei from Walken: absolutely! paying a lot of attention to the security at this end. The goal is to make sure that it is really hard to cheat the system in general. like we have our own algorithm to check and validate the steps on top of that of Google.

however we do not pay people for taking steps, steps are only used to upgrade your CAThelte

and in the competitions, they are not giving too much advantage, it’s just one of the criteria of winning. therefore even if people find a way to cheap steps, this will not get them too far, it’s still about playing actively, upgrading your CAThlete, and making sure you are an active participant of the eco-system

So our goal as developers is to make sure it is very hard and kina pointless to cheat, to make sure everybody is equal and the gameplay is fair

Funding

Q — Ayeley from GAINS: Have you raised funds so far? and how are the funds going to be deployed? Are you planning to do any future raises?

A — Alexei from Walken: yes! we’ve closed the round about 2 weeks ago, raised $4.7m, and are lucky to have some of the best investors on board, including YGG, YGG SEA, IVC, Morningstar Ventures, and many many others

further rounds might be in place too, but for now, 100% of our attention is on the successful launch & listing!

Competitive Advantage

Q — Ayeley from GAINS: Walk to earn and other fitness projects became the hype after StepN took over the market some months ago. What makes Walken special and different from the rest?

A — Alexei from Walken: sure! there’s a lot here, first of all, we started to build Walken before StepN got in the public eye, that’s why it is SO in tokenomics and the whole. One of the main differences from StepN is that Walken is truly free2play!

In order to start playing, you don’t need to pay anything and don’t even need to have a wallet — we’ll create one for you

Speaking of StepN, it is a pay2play, you pay a considerable amount to start playing. Walken is completely free 2 play, allowing people with no knowledge of crypto or investment to start playing and earning.

From a gameplay perspective, we are: walk to play, win to earn.

We also do not pay people for just taking steps and do not rely on GPS tracking at all. Walking is just a component of the game, it impacts your winning rate up to 10% only. Far more important is upgrading your Cathlete and winning competitions, this is how you get paid. Bigger returns start from the moment your CAThlete becomes NFT (level 6). Takes 2–3 months to get there.

From a tokenomics perspective, we are a single token design which is way more sustainable. from philosophy perspective, we also bring a few core concepts that help us bring successful projects in the past

Walken offers many special incentives for the players. First and foremost, it rewards game players for being physically active and owning NFTs, playing the game: you own the assets (such as CAThletes and their equipment), can trade and breed them, can upgrade and boost CAThletes — thus winning more and earning more tokens.

Walken is built in the simplest move2play win2earn mindset and onboards players in less than half-minute, providing them with a Wallet and in-game characters for free, so that they are set to walk and earn straight away.

Unique vision, experience, and skills to onboard web2 users to web3 eco-system with great product UX and well-targeted marketing campaigns. Our adorable CAThletes will prove to you what real collectible assets are the growth is huge! as of today (6 days into public beta) we have 264k users of which 180k are DAU!

so we thank you so much for being super active and helping us polish the project further❤️

Business Development

Q — Ayeley from GAINS: How far along are you with your roadmap and what should we expect in the next weeks and months?

A — Alexei from Walken: have big plans upcoming! The most important part, for now, is to polish the product and get a successful listing. Later on, we plan to have a lot of cool features to make the gameplay more interesting

e.g. we will introduce a feeding feature, which will allow us to manage our CAThletes lifespan. There will be a number of ways to prolong the gameplay and the goal here is to avoid inflating the NFTs price. we are working a lot on the balance of game economy, rewards vs how the CATheltes can be grown in the most optimal way

So we could find a strong balance between gameplay interest and also economic sustainability. that’s why we are paying so much attention to the in-game economy and decided to go with 1 token design

the goal is to provide people a more smooth playing experience

When there is not much stress with getting your investment back, people can relax and have fun, making money on the side if you don’t get your investment back, it’s a lot of stress and the game is now so much fun, so Walken is about fun, sustainability and making money in a more relaxed way

Q — Telegram user Cengizhan Tekin: Free2Play sounds great, therefore Pay2Play is required in most cases for the project to survive. So what are your plans for a long-run Walken app in terms of revenue channels and/or a strong token economy?

A — Alexei from Walken: the economy is designed that way in order to earn more you need to spend tokens in games. upgrade your CAThletes, buy them clothing, etc, only active game participants will be rewarded properly. the tokens spent by users will return to the rewards pool to ensure more rewards are available for new players. also, there will also be features making sure you are not just dumping, as it will be economically not efficient

Alexei, thanks for coming into our community, and taking the time to answer our questions about Walken. Do you have any final words for us? Where can we follow you to stay updated? — Ayeley from GAINS

Thank you very much for your questions guys! such huge interest is super motivating, we are working hard to make sure the product is fun and the community will like it

so far the feeedback has been phenomenal and I thank you all for this! watch out for the NFT sale soon, and listing shortly after. and keep playing, we will be added a ton fo col stuff regularly!

Website | Twitter | Medium | English-chat | Chinese- chat — Alexei from Walken

GAINS Associates is the World’s First Decentralized VC, allowing anyone that holds $GAINS to invest in the crypto unicorns of tomorrow. With over 3 years of experience and several ultra-high return deals, we are removing the barriers of entry to investing and changing the world, one deal at a time.

GAINS stands for Group Action Is Never Small, embodying the collaborative spirit that is the essence of blockchain and decentralization.

In addition, GAINS provides daily news, articles, video interviews as well as fun & educational events.

Website | Telegram ANN | Telegram Group | Discord | Twitter | YouTube

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