RECAP AMA EPID COMMUNITY X CRYPTOSTEAM_DEDRAGON
🕖AMA Timing : 17th December 12 PM UTC | 7 PM (GMT +7)
🏚Venue For AMA: @EPID_Community
💰Reward Pool : 100$
➡️Part 1: Project Introduction.
Q1: Welcome to our community! Please, tell us about CryptoSteam and DeDragon!
CryptoSteam is a decentralized, blockchain, game-publishing platform founded by Aaron Pulkka, former vice president of Activision Blizzard.
Traditional game publishing platforms such as the Steam and Epic stores, currently do not allow blockchain games. These centralized platforms operate on a business model that is very old-fashioned. These “walled gardens” also require game developers to make separate deals with these platforms and sometimes require exclusivity rights in order to give market share advantages to that publishing platform – none of which really benefits the average game player who just wants to play the game.
This traditional game publishing platform can not service the needs and players of of blockchain games – that’s we created CryptoSteam!
CryptoSteam uses governance tokens and NFT to created a shared foundational economic model for all of it’s games. Through the DAO organization, independent game developers and players become the managers of cryptosteam. The entire platform is decentralized, while providing bookkeeping infrastructure for all revenues. The platform’s gameFi2.0 economic model is stable. The goal of CryptoSteam is to become the foundational infrastructure provider of the meta-universe, as well as a bridge to connect the various meta-universes.
DeDragon is the first gamefi 2.0 game to be released by CryptoSteam
Q2: CryptoSteam sounds a bit similar to gala, which has been on fire recently. What is the difference?
Yes, we and gala are positioned as chain game publishing platforms, however, the economic and business models are quite different.
Gala's economic model is to sell nodes and invite friends - Very simple. From our point of view, their deflation mechanism has weaknesses which will make Gala’s economic model unsustainable in the future.
Crypto Steam’s economic model solves this and much more! We are the right combination of “play to earn” + Defi2.0. We draw on the economic model of Olympus. All of the income of the platform, including the sale of game NFT assets, transaction market fees, and in-game, consumed tokens, go to the DAO treasury. The treasury is controlled by agreement. When the governance token is lower than the set price, the treasury will begin repurchasing. Through the bond mechanism, the liquidity of the governance token will be repurchased from the market to maintain the stability of the token price.
At the same time, in deDragon’s “play to earn” mechanisms, players develop, fight, and upgrade their NFTs to increase computing power, and then pledge to obtain governance tokens to empower the game's NFT and increase value. Each game also has its own separate in-game token.
This is the concept of gamefi2.0, “play to earn” + Defi2.0
Q3: Defi 2.0 + GameFi, it sounds a bit complicated, can you explain it to us?
Simply put, all revenue of the platform enters the treasury pool controlled by the contract agreement, and we begin repurchasing when the currency price is less than 1 U.S. dollar.
Through the bond model, the liquidity that is in the possession of the users is repurchased to maintain transaction depth, and the repurchased LP also enters the national treasury.
Due to the additional issuance mechanism of defi2.0, those who pledge governance tokens will get additional issuance income, so APY can reach more than 1000%, supported by funds from the national treasury, so that even if the currency price drops by 90%, it is still profitable. It is the (3, 3) theory in game theory. And every game on the platform will contribute to the treasury. We know that the combination of GameFi+DeFi2.0 has greater ability to maximize the upside potential than a single DeFi2.0 model.
Q4: How is the game combined with Ohm model? What's better than the original OHM model?
Cryptosteam stake governance tokens require at least one NFT to be staked together. The hash power of NFT in the game can accelerate the effect of staking governance tokens. OHM model and play-to-earn are mutually empower each other
The revenue from games in cryptosteam, such as NFT sales, transaction fees, etc. will be charged to national treasury to support the currency price. And OHM has no additional income to be into the treasury. Moreover, CryptoSteam is a game publishing platform. As long as the games are released continuously, the revenue of the game will put into the national treasury, and the revenue of the Treasury will rise all the time.
Q5: What are the empowerments of the circulating tokens in DeDragon? Will the economic model be single token or multiple tokens?
Our system is a dual token model - governance tokens and circulation tokens.
The governance token is the governance token of the entire Cryptosteam platform, which will run through every game on the platform. Things like, DeDragon card breeding will also consume platform coins.
Circulation tokens are in-game currency and used for in-game transactions.
The acts of buying land and farms in Dedragon, opening treasure chests, upgrading, and breeding will all consume circulating tokens.
Staking NFTs in the game will also produce circulation tokens.
This is “Play to earn”, and you will find that governance tokens and circulation tokens have a positive relationship, that is to say, when governance tokens rise, the consumption demand of circulation tokens will also increase. Therefore, players are welcome to “play to earn” in our game.
Playing games and getting circulating tokens can be converted into income!
Q6: I heard that Dedragon is about to conduct its second internal test? How to get involved? What are the benefits?
Dedragon will have its second closed beta at 12pm UTC 16th Jan!
We just established a Vietnamese community today.
We just established a Vietnamese community today. Those who want to qualify for the second test can enter the community: https://t.me/DedragonVietnam
You can get 50 ruby if you qualify for the second test! You can also get ruby rewards by inviting friends in the game, and you can also get ruby rewards while playing games in the game!
I hope everyone will actively participate!
➡️Part 2: Question From Twitter (5 best questions).
Currently, there are countless NFT gaming projects, some of which have brought real value to the community. Could you articulate on the key competitive advantages of #DeDragon and what innovations make you believe that it will be successful both in the short term and long term?
On the 10th, the NFT we sold in the Binance NFT market has risen from 50 to 98u. We can see the market demand for our products. At present, our economic model empowers Dao and provides value support for the ohm model. Lowered the barrier to entry! This is also the reason why the project will gain market attention in both the short and long term!
I read "Dedragon" is a play-to-earn game. but every play-to-earn game demands a huge initial deposit before users can begin playing. As a result, I'm curious if users will be required to make an initial deposit in order to begin playing "Dedragon" games?
Our entry threshold is relatively low, and you probably need to buy 3 NFT cards to start earning in the game.
I understand that #DeDragon works on BSC,so do you have plans to expand the boundaries of your game and venture into other ecosystems such as Solana, Polygon or Eth? If it is one of your plans, can you give details about the interoperability you plan to develop?
We are based on Avalanche Chain, and we will cross-chain and cross-chain to Ethereum and bsc.
PARTNERSHIP are the backbone in making DedragonWorld more widespread. Can you list some of ur partners with us..??
We have many partners, such as Binance nft, hotbit, etc. There are still many undisclosed, please continue to pay attention to us
Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?
We have completed the audit content in cooperation with certik
➡️Part 3: Free asking (5 best questions)
Why you choose Binance Smart chain? we see some chain pop up with good scalability too, then why you choose BSC?
We are the Avalanche Chain
Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
NFT lies in value, the possibility to expand to the outside
Do you have a Token Burning plan to increase Token value and attract Investors to invest?
The total amount of our tokens is certain
Which do you think is more important:
C. Token price
If all of the above is important to you, which should come first?
Many things can make a project strong like the community,the quality of the project,its investors. What make your project strong? What will you do to make it more stronger?
Products and Markets