NFTRikkei Finance x Elpis Battle AMA: Recap
On September 26, 2022, Rikkei Finance and Elpis Battle had the opportunity to hold an AMA to share useful information about the key features and road map of the two projects.
- Time: 12PM UTC
- Venue: https://t.me/elpisbattle_official
Rikkei Finance x Elpis Battle AMA Recap
Joseph: Welcome to today’s AMA session with Rikkei Finance. We will close the chat during the AMA. When it comes to the section for community members to ask, the chat will be enabled again.
Welcome Ngan to Elpis Battle Official Community.
Ngan: Hi guys, thanks for having me here today
Joseph: Could you please introduce a bit about yourself?
Ngan: My name is Ngan, CMO of Rikkei Finance. Great to meet you all today!
My background is business development at heart ;). I have been in charge of BD at Rikkeisoft, one of Vietnam’s top IT Outsourcing companies. At Rikkeisoft, we’ve got to engage and provide business & tech consulting, development services to hundreds of Blockchain startups all over the world. That definitely gives us a general picture of the Blockchain ecosystem, which helps us come up with the idea of creating Rikkei Finance, a platform that we believe will become very impactful.
Joseph: Very nice to meet you here today! I’m pretty sure that all Elpisers are really excited for today’s session. So for today’s AMA, we will have 2 segments. The first segment: RiFi will introduce the project by answering questions made by the host. Segment 2: Elpis Battle and RiFi will pick 10 best questions from Givelab and answer them. Are you ready to start, Ngan?
Ngan: Let’s get started
Joseph: Surely. Can you provide us with a brief description about Rikkei Finance?
Ngan: Rikkei Finance is a Web3 platform, encompassing a DeFi lending protocol and an NFT Marketplace, called RiFi NFT Marketplace, with a focus on NFT rentals. Furthermore, Rikkei Finance is developing NFT-based lending and borrowing as well as multi-chain compatibility to help users utilize the underlying value of any digital assets.
Overall, Rikkei Finance = 1 part DeFi, 2 parts NFT
- DeFi Lending & Borrowing, available at https://apps.rikkei.finance
- NFT Rental Marketplace, available at https://nft.rikkei.finance
- NFT based lending & borrowing, coming soon this Novembers
Joseph: Thank you for a very detailed introduction. So what milestones has Rikkei Finance achieved so far, Ngan?
Ngan: We have successfully rolled out our core products this 2022.
First, we deployed the mainnet launch of DeFi lending & borowing in Feb 2022. Available at: https://apps.rikkei.finance
The DeFi Lending & Borrowing protocol gives asset owners the opportunity to generate a yield or leverage their cryptocurrency holdings.
Second, we introduced the RiFi NFT Rental Marketplace. Available at: https://nft.rikkei.finance
Rental price points can significantly impact the Return on Investment (ROI) question central to the NFT space.
The Marketplace is on a peer2peer basis and supports 2 rental modes:
- Escrow rental mode (Non-collateralized)
- Transfer rental mode (Collateralized)
Coming next is the release of RiFi NFT based lending & borowing this November 2022, which allows users to leverage their NFTs as collateral in a borrowing situation. The primary use case will be peer2peer lending & borrowing.
Our vision is to help people tap into the underlying value of their digital assets and bring the financial rewards of DeFi and NFTs to an increasingly greater audience.
Joseph: Wow, such a good start in 2022. I’m really looking forward to Rikkei’s upcoming achievement. It’s time for the second segment, guys. So, I will pick the first 5 questions from Givelab and then it’s Ngan’s turn. Let’s see who’s got the best questions.
Question number 1 I’ve chosen for Ngan: Has the RiFi NFT Marketplace offered users the ability to rent Elpis Battle NFTs? Do they support Transfer rental mode or Escrow mode?
Ngan: Elpis Battle is curently supported with transfer rental mode. Elpis Battle NFTs are fully indexed on Rikkei Finance marketplace, which means that Elpis Battle NFTs will be displayed with full details and be updated upon listing/re-listing.
So now if you’re asset owners having unused NFTs, visit nft.rikkei.finance and start listing your NFTs for rent. You can list multiple NFTs in combo as well. If you are gamers looking for lower entry cost, visit nft.rikkei.finance and start your rental right away. Note that renting in combo could be even more cost-effective.
Joseph: It’s very nice for Elpisers to know so. Next question is “What is the next phase in the partnership between Elpis Battle and Rikkei Finance?”
Ngan: As we have completed the indexing of Elpis Battle’s NFT Collection, which means asset owners can now list their NFTs on the RiFi NFT Rental marketplace and players can rent these NFTs from the marketplace, the next step would be to spread more awareness and bring asset owners and renters to the marketplace.
Stay tuned via our social media @RikkeiFinance for more exclusive offers.
Joseph: Nice piece of information. We’d love to have a partnership with a project like yours. Now it’s the 3rd one. By proposing two rental modes to the user, you allow them to either use their rent NFT on Rikkei Finance ecosystem through Escrow mode, or in a wider area with Transfer mode. For the second option to be efficient though, you will need to be compatible with other chains. Do you plan to develop EVM compatible cross-chain applications in the future?
Ngan: We are already working on multi-chain support and expect to be supporting additional chains other than BNB in November this year. Currently, we are looking at Ethereum and Polygon. Stay tuned via our social media for further updates.
Joseph: Multichain is the future, isn’t it? Very nice info. 4th question for you: What is the USP of your rental marketplace?
Ngan: Our secret sauce would be Account Balance, allowing users of the RiFi NFT Marketplace to manage real-time balance, deposit amounts and most importantly earn a yield (i.e. DeFi yield farming), even on those funds locked in collateral deposits.
Check out our resources for more details on this feature: https://docs.rikkei.finance/user-guides/rifi-nft-marketplace/nft-rentals/manage-your-account-balance
Joseph: Last one for Ngan, can you share your upcoming plans?
Ngan: For marketing & community, our main focus is to drive mass awareness and deliver consideration content marketing, esp. cross marketing partnerships, thereby extending media reach & impressions. AMAs, giveaway and video content production are also rolled out in succession.
For product development, we are focusing on the release of RiFi NFT based lending & borowing this November 2022, allowing users to leverage their NFTs as collateral in a borrowing situation. Stay tuned via our social media @rikkeifinance
Joseph: Thank you Ngan. I suppose it’s now your turn to pick the questions on Givelab
Ngan: There are a lot of interesting ones for you, Joseph. How many characters are there in ElpisBattle and how the game is designed ? could you tell us about the main features and give us some details of each of them, from the ways in which we can generate profits and the Marketplace that you have designed for the game?
Joseph: So basically, in Elpis Battle, there are 7 “characters”, also known as “races”: Human, Naga, Elf, Orc, Demon, Angel, and Dwarf. Players have to form a 4-hero squad to conquer the dungeon maps. The resources earned can later be used to upgrade the equipment pieces and evolve or awake the heroes, which could help players strengthen the team. Moreover, you can take 2 heroes to the altar to recruit a new hero for a maximum of 7 times per hero. Like many other games, Elpis Battle’s heroes and equipment NFT later can be listed on the marketplace to generate profits.
Ngan: 2nd question for you: Can you tell us about the GAME MODES in game? Will there be a TOURNAMENT MODE where players can get huge rewards and have fun and win?
Joseph: Until now, we have two game modes that users can play and there is no tournament mode yet. However, Elpis Battle’s tournaments have been hosted by us as separate events recently.
The first mode is PvE — Players versus Environment. In this mode, players can fight against the cruel bosses and earn $MEG — which is our in-game currency for their victory. The amount of $MEG earned depends on the ability of players, the strength of their squads, and even luck as well.
The second one is PvP — players will duel other online players via the random matchmaking mode. There are two ways to earn reward from the PVP mode. The first way is taking part in tournaments and the second one is battling ranked PVP matches. At the end of each season, the higher your rank is, the more engaging reward you can win.
Besides PvE and PVP, more interesting features will be introduced really soon. So stay tuned!
Ngan: Earning in the game is important, but with me that having fun while earning is also important. To what extent does @ElpisBattle focus on the entertaining aspects of the game? What measures are in place to help make the game suitable for everyone, including non-crypto people?
Joseph: So here are the highlighted features of Elpis Battle: Firstly, the NFT system is massive and diverse but still ensures uniqueness. For example, NFT Heroes are made up of 9 parts mixed together, divided by rarity levels, different elements affect the Hero’s power stats. Each Hero has different skills. As such, each Hero will be unique. In addition to the NFT Item, Pet, and Skill Book system that will be released in the near future, these auxiliary NFTs will be used to supplement the main NFT Hero to increase the Hero’s strength.
Secondly, our gameplay is highly tactical based on factors such as the coordination of skills, formation, and turns.
Thirdly, the game has many forms for players to earn. Like a real-life economy, some people will make money by working and others will make money by investing and owning properties. It’s the same in Elpis. Besides passing levels to earn rewards, there are also other ways to earn such as renting heroes in the game so other players can play, forming a guild and letting others play for you, or you can also use heroes to “recruit” and add a Hero and resell it to other players…
Lastly, Elpis Battle focuses on building features to support guilds — play to earn communities through member management features.
Ngan: Now it’s the 4th question. There are many characters seen from the website such as human, elf, naga,.. What are the differences between them (about power, special skills,…) How many characters that players need to start playing Elpis Battle?
Joseph: Nice one. Actually, each hero has different strengths and weaknesses. Because it is a strategy game, players need to come up with a strategy that suits their play style to defeat the opponent. To participate in the game, players need at least 1 hero and to earn from the game must have 4 heroes.
A bit more information about the uniqueness of Elpis’ NFT. For example, NFT Heroes are made up of 9 parts mixed together, divided by rarity levels, different elements affect the Hero’s power stats. Each Hero has different skills. As such, each Hero will be unique. In addition to the NFT Item, Pet and Skill Book system that will be released in the near future, these auxiliary NFTs will be used to supplement the main NFT Hero to increase the Hero’s strength.
Ngan: Do we have to buy your ElpisBattle tokens in order to play the game? If so, how many $tokens should I purchase in order to play? Is there an app to play or is it only available through your ElpisBattle website?
Joseph: Actually no. Players only have to purchase Elpis Battle’s NFT hero to play the game. 4 heroes are needed to earn experience points and other rewards in the game. Also, we have developed a feature called “Scholarship”. If players are chosen as scholars by the root accounts. They can play the game without paying for the heroes and equipment NFT and even earn a shared amount of profit. As of now, Elpis Battle is only available on website. The mobile version is under development soon. We’re looking forward to take first steps on the appstore in the future.
About Rikkei Finance
Rikkei Finance is a Web3 platform, encompassing a DeFi lending protocol and an NFT Marketplace; with a focus on NFT rentals and NFT-based lending and borrowing. Also, Rikkei Finance continues to expand coverage on multi-chain to help users utilize the underlying value of any digital assets.
About Elpis Battle
Elpis Battle is a Turn-based RPG NFT Game implemented on the Binance Smart Chain network, which is developed by ZEGO Studio — a top studio in Southeast Asia.
By combining Cryptocurrency, NFT Gaming, and Defi, Elpis’ developing team wants to create a new experience for new Elpis Battle players. Elpis is a world where players not only can explore stories about an imaginary kingdom but also can directly create value and exchange, buy and sell, and become a part of the economy in Elpis.