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AMA Session with Vitaly and Roman from GAT Network (GAT)

Guest: Vitaly, Founder; Roman, Developer of GAT Network
Host: Iris of MEXC Global

Introduction:

Iris: Today, we’re honored to have Vitaly, Founder and Roman, Developer of GAT Network, to our community to give us a more intuitive introduction to their unique project.

Vitaly and Roman, welcome. Would you like to say hello and introduce yourselves?

Vitaly: We are a transparent team from Germany, and we have worked for over a decade as a software company together. E have q lot of experience in different areas, but also in crypto (developing node software for IOTA and different PoC projects in energy and smart cities sectors) A few months ago we started our quest into NFT gaming, by releasing the first game (of a whole series of interconnected-games): Alchemy Toys (https://alchemytoys.com). Now, we have a whole ecosystem in development that we call the “GAT Network” (https://gat.network). GAT Network is an ecosystem for fully on-chain gaming & trading — with collectible NFTs that are backed by real value!

In the center of the ecosystem are two token types:

1. TOYs (collectible unique NFTs that you use as playing cards)

2. GAT fungible multi-purpose token

… and our powerful, highly flexible NFT Exchange: Minted Vodka (https://minted.vodka)

The second follow-up game “Alchemy Arena” (https://gat.network/alchemy-arena/) will be released as an alpha-test version to the public in the coming weeks. Another NFT gaming project will also join our ecosystem shortly. Further games are already in development. All have use-cases for TOYs and/or GATs

So our vision is a set of connected “fair collect & play games” that are fully on-chain and offer the users multilayered game dynamics & economics. The response has been great until now and we are well prepared to keep building over the next months and years!

Questions about the project

Q1

Iris: What is Game Ace Token? Can you share with us more in detail?

Vitaly: Yes. Game Ace Token (GAT) is a centerpiece of the GAT Network: a deflationary BEP-20 token with a variety of applications. 1 million GATs have been minted and no more will ever exist. Our plan is to increase its scarcity with a careful organic distribution model and deflationary use-cases that burn GATs forever.

Currently GAT has two use-cases: staking at Alchemy Toys (and receiving 20% of game treasury / revenue) and as a premium payment-method on Minted Vodka NFT Exchange: you don’t pay any fees, if you use GAT. Further 4 use-cases are in development: for Alchemy Arena and Minted Vodka. More applications are planned in the near future!

As a matter of fact, the next use-case is coming up in the next 1–2 weeks with Alchemy Arena. GATs are necessary to play there and some of them will be burned (2–5%)

Q2

Iris: What triggers you to launch GAT Network? What are some of the real-world problems/ pain points that GAT Network aims to solve?

Vitaly: There are enough problems in the world! We don’t concentrate on pain. Our mission is pure entertainment! And “play to earn” perhaps 😅👍

The idea for Alchemy Toys was born in December of 2020 as the hype for NFT Art started to accelerate. We are also avid collectors of NFTs and see it as the future of digital art and collecting.

As weeks passed a myriad of new (mostly low-effort) “art” NFTs started to appear, diluting the offer and raising questions about the underlying value of the pieces collected, apart from their intrinsic DLT-induced scarcity.

At that time we started thinking how wonderful it would be to have collectible NFT items that are backed by some real value (in best case network’s base currency).

To make the collection more fun we started thinking about using these collectible NFTs in a multi-player card game that collects all minting and trading fees in a game treasury and pays rewards in this currency as well (BNB in our case).

Weeks and months of planning and prototyping followed. What comes out is something we started to call a “fair collect & play game”. By now we are moving more into “fair collect, play & earn games” even.

Q3

Iris: What are some of the challenges that GAT Network currently faces? How do you aim to solve them?

Vitaly: Well, as with most projects, it is clearly marketing, getting more players to know about us and join the gameplay. We have had quite a few experiences in past months regarding this and learned a lot: what works and what doesn’t

What we don’t do is spam and shill. We are not a memecoin. Our focus is on the set of products underneath the tokens that you see on top, we focus on building the foundations. Even if it means slower organic growth, the vision is not making quick fortune by shilling crap, but having a sustainable gaming ecosystem.

We love organic growth. For example: our TG community is much smaller, if you compare it to other crypto projects, because we don’t fill it with bots. On the other hand, we have more conversation going on than other projects that have 20x more followers.

So how do we solve it?

First of all, we build top quality and innovate beyond anything that exists in crypto. The quality of our products speaks for itself. It may be slow, but the growth will happen also through word-of-mouth: there is nothing like the world of Alchemy that GAT Network unfolds!

Secondly, we slowly build lasting partnerships. You will see more and more connections and events in the coming weeks and months.

For example, there are currently talks with a marketing agency specialized on crypto. We will see how that goes.

In any case: we are here for the marathon. We love organic growth and we prefer to go slowly, but do a good job.

Q4

Iris: Are there any exciting news or updates with regards to GAT Network that you would like to share with the users?

Vitaly: Well, is not a secret that Alchemy Arena will be released in the coming weeks. However, we may also surprise you all with another small NFT gaming project that will join us very soon as well ;-)

Also, announced today: we are making Arena a true “play to earn” game with locked liquidity.

You can have a quick look at this announcement later: https://gat.network/arena-play-to-earn-with-locked-liquidity/

Q5

Iris: If you were to summarize your project in ONE word, what would it be? Why?

Vitaly: “Alchemy” !

It’s in the name of our games!

The whole ecosystem is about taking the pieces that exist and combining them again and again in new gaming experiences.

We are thrilled to see what comes up next and how users (alchemists) develop unique strategies to play.

Free-asking Session

Q1: Do you plan to burn or redeem any tokens from the market in the future? Or burn Game Ace Token ‘s token itself?

Roman: In fact, the next game that will be added to the GAT Network family, will burn up to 5% of GAT (you will need to pay GAT to enter the tournaments) — even more under certain circumstances.

In the following 2 months, we will add minting capabilities to our minted.vodka NFT exchange (something we call IMOs — or initial minting offerings), which will also burn GATs.

These are just the first deflationary measures planned for the upcoming few months. More cases will follow with the next launched games and solutions.

Q2: What’s the maximum APR you can give us with your staking and farming pools for staking your project tokens?

Roman: Well, right now we have a GAT staking on alchemytoys.com where you get BNB for staking GAT. The BNB is a slice of treasury (game fees) collected from the players. If you compare to other staking options you will quickly see that no other pool or farm pays so much in network currency.

And we are just at the beginning of the road. More players means higher APR. The next games will be partly based on Alchemy TOYS NFTs, which should further drive the usage of alchemytoys.com further increasing the APR.

Q3: Is there any marketing campaign coming?

Roman: Indeed, there are quite a few things planned for marketing in the upcoming weeks. We are in close contact with the BSC team, organising an event to celebrate the first year BSC anniversary. Some exciting stuff is coming. 😉 Stay tuned for the details!

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Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. Visit us at https://www.mexc.com/