[9CM] š»Nine Chronicles: Advancing with PoS (Proof of Stake)
Dear Adventurers
Weāre excited to announce that Nine Chronicles is introducing the Proof of Stake (PoS) system on Odin Planet, marking the start of a new chapter full of opportunities for everyone!
With this transition, weāre unlocking a host of benefits for staking users ā like earning extra block rewards, participating as validators, and even creating your own guilds. On top of that, weāre adding guild rewards to make collaborations even more rewarding.
Together, letās shape a more dynamic and community-driven future for Nine Chronicles!
The introduction of validators marks the foundation of a governance system where key decisions for Nine Chronicles will be shaped by validator votes. Validator participation and increased staking will strengthen the value of NCG, further solidifying its role at the core of the ecosystem.
This means more participation will lead to more rewards! Learn more about the rewards belowšš»
[ Why PoS Matters ]
PoS (Proof of Stake) is the most important key feature in blockchain ecosystems. Network participants enhance security by staking tokens, and earn rewards for their contributions.
With the transition to PoS, the networkās security and decentralization will be significantly enhanced. Key advantages include:
1ļøā£ Effective Expansion of Participants
In PBFT, an increase in participating nodes leads to greater network load and scalability limitations. PoS, however, grants consensus rights based on ownership stake, allowing for more participants, enhancing decentralization, and fortifying the network against external attacks.
2ļøā£ Improved Security Through Economic Incentives and Potential Penalties
In PoS, validators have an economic motivation to maintain network reliability since malicious behavior can lead to the loss of staked assets. Unlike PoS, PBFT lacks such penalty mechanisms, making it comparatively more vulnerable.
3ļøā£ Higher Attack Costs
PoS requires a significant number of tokens to dominate the network, making it costly to attack. Successful attacks also risk devaluation of the attackerās assets. PBFT, on the other hand, faces performance and security constraints when the number of nodes increases.
In conclusion, transitioning to PoS enhances decentralization and security, creating a safer and more sustainable network.
[ PoS Outlook ]
We have meticulously planned the transition to Proof of Stake (PoS), designing each phase to enhance decentralization and foster more active participation from our community of users and token holders.
Until now, our network relied on a single validator, which limited decentralization and presented challenges such as maintaining network stability and managing full-chain node data.
With a major update coming in Q4 2024, Odin Planet will empower everyone to become a validator. This evolution will allow external validators and players to stake NCG, contribute directly to the network, and earn rewards ā ushering in a new era of community-driven growth and opportunity.
Below is the key roadmap for the PoS transition:
[ Q4 2024 ] Odin PoS Launch
- Odin PoS launches, allowing external validators to participate in the network.
- Users can stake NCG to earn rewards for supporting the network.
- Recruitment for initial external validators begins with the launch.
[ Q1 2025 ] Block Rewards Begin
- Block rewards will start being distributed to participants staking NCG.
- Early stakers will benefit from higher reward rates (APR).
- Staking inflows are expected to grow significantly as rewards begin.
- New games using the Nine Chronicles IP will launch, boosting user activity and NCG demand, with a goal of exceeding 100 million NCG in total staking volume by year-end.
[ Post-Q3 2025 ] Guild and Reward Upgrades
- Guild features will receive major updates to enhance their role in the game.
- Rewards will depend on staked NCG and contributions made within guilds.
- Guilds will become key players in the gameās economic and governance systems.
By the end of the transition, Nine Chronicles will achieve a more stable and transparent economic system. Early staking is the best way to take full advantage of these rewards.
[ Premise for Total Reward Calculations ]
1ļøā£Block Rewards
- Starting with Odin Planetās PoS transition, the reward per block will be
4 NCG
. - Block rewards will initially be distributed as āMead,ā which can be swapped for NCG.
- With
8,640 blocks
per day, annual block rewards total12,614,400 NCG
.
2ļøā£User-Consumed NCG
- As of 2024, monthly NCG usage averages
350,000 NCG
, totaling4,200,000 NCG
annually. - In 2025, upcoming new chain operations and new game launches have set our goal to increase usage to
8,400,000 NCG
annually. - Of the consumed NCG,
97%
will be allocated to staking users as rewards, with a3% burn rate
applied.
[ Validator and Guild Rewards ]
- Validators can operate guilds and receive additional rewards based on the amount of NCG spent by the players. Validators cover gas fees (Mead) for members in exchange for these rewards.
- This system incentivizes validators to actively engage with the game rather than operating independently.
- The Q4 2024 update will start with a single guild (Planetarium Guild). In the first half of 2025, our goal is to enable anyone to create their own guild, contribute to the network, and earn rewards.
1ļøā£ Validator Rewards
- Validators receive
10%
of the NCG used by users in their affiliated guilds, distributed proportionally to the total staking amount of their affiliated guilds. - Validatorsā rewards will increase if and when they attract guilds with a high total staking amount and number of users.
- Validators who do not participate in voting are ineligible to claim rewards, and these unclaimed rewards are redirected to the Community Pool.
- Rewards in the Community Pool are utilized to enhance the Nine Chronicles ecosystem, as determined by community governance.
2ļøā£ Guild Rewards
- Guilds receive
10%
of the NCG used by their members, distributed in proportion to the total staking amount of their members. - Guilds that attract users with higher staking contributions will see increased rewards.
- However, the Nine Chronicles team is aware of potential risks, such as the emergence of ādominant guildā that could hinder community growth or have a concentrated pool of top users. Policies to address and prevent such scenarios are under discussion.
[ Expected APR Simulation ]
ā ļø The tables below provide estimated values based on intervals; however, they do not account for validator rewards, guild rewards, or item rewards, so there may be discrepancies. Please refer to them as rough guides for APR estimates only.
The following rewards are already provided through NCG staking. However, with the introduction of block rewards on Odin Planet after the PoS transition, the APR (Annual Percentage Rate) for NCG staking will further increase.
- User-consumed NCG
- Items usable and tradable within Nine Chronicles (e.g., Ruby & Golden Dust, Rune Shards, Scrolls, Golden Meat, etc.)
Current (December 2024)
- Currently, block rewards are not being distributed, so only user reward NCG is being provided.
- Without block rewards, APR is 8.14%.
- A user staking 5,000 NCG would earn an annual reward of 407 NCG.
Post-Block Rewards (March 2025)
- Block rewards distribution will begin in Q1 of 2025.
- The APR, excluding item rewards, will increase to 33.36% annually.
- Users who are already participating in staking when block rewards start can expect to benefit from this higher APR.
- Staking 5,000 NCG will yield 1,667 NCG annually.
[ Guild Features ]
[ Guild Reward Management ]
- Guild rewards are allocated to the guildās collective address, not to the addresses of individual guild leaders.
- Guild leaders and members can collaborate on how to use the fund. This fund can be utilized to differentiate your guild from others and attract more users to join your guild.
[ Guild-Specific Content Rewards ]
- Guild rewards will extend to activities like world bosses, adventure bosses, and arena.
- Rewards will be distributed based on member contributions, encouraging guilds to recruit active participants over bots.
[ About Nine Chronicles ]
Nine Chronicles: A Captivating Decentralized Gaming Experience Spanning 5 Years
Nine Chronicles is a decentralized game that stands apart from traditional online games. Operating without servers, it runs in a fully open-source environment where players actively shape and develop the gameās economy and political systems.
Set in a world inspired by Norse mythology, Nine Chronicles is an idle RPG where players take on the role of a brave cat warrior. They explore a mythical world, battle various monsters, and craft unique equipment and weapons. All in-game items are represented as NFTs stored on the blockchain, allowing players true ownership and the ability to trade freely. This transforms players from mere participants into empowered individuals with economic rights over their assets.
At the core of Nine Chroniclesā economy lies Nine Chronicles Gold (NCG), used for trading items, crafting equipment, and participating in battles. The game stands out from traditional RPGs by incorporating a blockchain-driven economy, delivering an immersive and differentiated gaming experience. Furthermore, with an impressive average of 20 million transactions per month and a thriving community over 230K members, and 112K MAU (Monthly Active users) Nine Chronicles stands out as an active and vibrant project. Its blockchain-driven economy and player empowerment deliver a transparent, engaging, and groundbreaking gaming experience.
If you would like to learn more about how Nine Chronicles is doing and some of the recent updates in detail, please visit the link below.