Mallconomy Q3 Update
Hey MallStars!
We are incredibly grateful to see Mallconomy’s exponential growth all these months since we launched. We are big believers in community-first thinking, and our bounty contest is fully designed that way. We’re so proud to announce that we have reached +50K app registers in such a short time. You guys rock!
There’s been a lot going on these past few weeks at Mallconomy, so I wanted to drop you all a little personal update to make sure you were all kept in the loop. We’ve got some big news, and it’s been eating us inside not to share with you before, but now is the time.
5 Million $WOOT Bounty ends
On the 17th of October this year, the current run of our bounty contest will end, and all community members will be credited their hard earned rewards to their MallWallets. Some of the rewards can be cashed out, and some will await the token generation or game launch but, rest assured, many of the in-game items you are now banking will have a good value.
Token Generation Event pushed back to Q1, 2023
Like many other projects, we are here to protect our community, product and token. It wasn’t easy to make this decision. Still, after talking to many fellow founders, investors, and market makers, we decided that it would be in the best interest of Mallconomy, the $WOOT token and, most importantly, the MallStars.
We’ve been working hard to hit all the milestones on time, but we must adapt to the market conditions and, the truth is, we could not guarantee the stability of the token price in the current climate, so we need to be more flexible to keep the $WOOT token value higher and ultimately take care of our beloved Mallstars. So regardless of whatever will happen in the market, we are getting fired up and committed to a slightly delayed, but hopefully more rewarding token generation event!
We’re sorry to keep you all waiting but, trust us, it will be worth a little wait longer.
New Bounty + MallCard NFT Collection = New NFT Bounty launch!
So if the bear market is giving us those sour lemons, how about we shake up a batch of Mallconomy lemonade for all of us by helping to co-create the Mallconomy, we are adding a stiff shot of Tequila next to it, on us, from the House. Salute!
Yes, you heard that right! Well, it’s not real tequila, of course, but MallCARDs now will be virtually guaranteed to our loyal Mallstars in the next round of our next Bounty Contest!
We think you fully deserve it, and rather than just selling them out, giving back to our community makes us happier at this stage, as a non-fungible token of appreciation to our amazing community.
In our revamped bounty, you will have plenty of opportunities to win multiple NFTs and buy or sell more based on your strategy, for maximum potential rewards! (Vend-o-Mat is getting an upgrade!) Also, you may sell them in some major marketplaces, and we will announce them all in the upcoming weeks.
The new bounty contest is fun and easy to win, and it will end in Q1 of 2023, next year. Based on how it goes, we might even sweeten the deal by increasing the reward pot with more Cash, even more $WOOT and many other tasty prizes during the festive period.
WHAT ARE MallCard NFTs?
In case you were hiding under a rock all this time, you should know that premium MallCard NFTs are not just worthless JPEGs, but have tons of utility and in-game benefits. They will be like cheat codes for the Mall Game!
Floor price protection:
To protect MallCard NFTs floor prices as much as possible, we will inject a bit of “MallTAX” into the smart contract. So any paper-hands who sell under the floor prices will get taxed, and we will buy back the NFT and burn it to keep the valuations in a better place.
Breaking News! Designer Studio and Marketplace are getting ready to be shipped!
No excuses for the bear market, Mallconomy is growing, despite the market climate. Our team is now doubling down to bring you the most outstanding products from behind the scenes. We are growing by 2–3 new devs each month for a reason!
The next release will be the Designer Studio. Creators are the backbone of Mallconomy. Using Designer Studio, budding designers can create NFTs, which can in turn be bought in the ecosystem and distributed to the Stores, so when an NFT is sold everyone wins, everyone is happy! That’s Mallconomy in a nutshell, without revealing the secret sauce.
So what is the Designer Studio?
Look no further. Mallconomy is about to drop the hottest, most powerful online 3D editor that will allow you to design 2D or, even better, 3D items. When I say 3D, it’s not fake 3D, but fully immersive 3D that you can export as an NFT or in-game asset to Unreal or Unity libraries/stores to monetize your time with us even further!
It’s totally up to your imagination to create your in-game item or 10K PFP collection. We will even create educational content to help our community fulfil their wildest creative dreams.
And then shortly after, the Marketplace or 1000 other marketplaces!
Our unique model is also simply gamifying the Metaverse marketplace, by having one primary and 1000’s of other unique stores, which can be owned by brands, creators or individuals. We work together and earn together. Creators or brands will drop their collections to sell, and we will help them to sell fast!
Before the big launch, it will be the place where we hang out together. You may buy or sell your MallCards, and many of your in-game items (loot boxes etc.) when the game launches. A place to enjoy royalty fees on your NFTs that you created in the Designer Studio.
One team, One Dream!
The crazy Bear market disrupted our fundraising and caused us to slow down in our roadmap. But, I’m happy to say, we are now stronger than ever and funding the Mallconomy dream by dedicating more time and more money. A true One team, One dream ambition!
Each new hire is increasing our speed and quality. We are more committed than ever, not worrying about the Bear Market much, and enjoying the Building! After all, some of the most notable brands in Web3 built in the bear market — take Solana, Avalanche or a host of others as an example.
We have updated our roadmap and the website and are happy to start developing the smart contracts for the MallCard NFTs and rock the GAMEFI world all together once again.
PS. Please also join our upcoming AMA in Mallconomy’s Telegram on 12.10.22 at 1 pm. Any questions you have, I’ll try my best to answer for you.
You may book an invitation to your calendar for the upcoming AMA here:
Click to add your Google Calendar or Outlook Calendar here.
So long, MallStars, hope to talk to you in our upcoming AMA and check your emails for the New Bounty announcement soon!
Best,
Zack
