Thread by @IstariVision

🌌Today we get a deep dive into the universe of @CathenaKnights with their Litepaper release.

dl.knights-of-cathena.com/Litepaper.pdf

We will be offering a summary of the most important points below 👇

#Elrond #Metaverse #NFTs #P2E #Blockchaingames

https://twitter.com/CathenaKnights/status/1491738078444236802

Knights of Cathena introduces a new concept of #PlayAndEarn to the scene, where the game is no longer there to support the blockchain incentives part.

It offers a proper gaming experience, where new players are rewarded for enjoying the game and not for the sake of incentives.

🪙To support the Earn part, a new token is introduced, $CGLD which is created through the Proof of Play system, where each hour played in-game will translate into earned tokens.

This mechanism coupled with a fixed daily emission of 21.6M tokens will drive the growth of $CGLD.

📊 Business model structure:

🔸 $CGLD in-App purchases from a pool that captures part of the daily rewards
🔸 A 5% Marketplace transaction fee distributed between creators, noble house owners and partially burned
🔸 Battle Pass acquired with $CGLD which grants extra benefits

🧙‍♂️The in-game economy offers 4 type of roles that users can take within the game. Thus creating different incentive structures for everyone to participate in both earning and governing the game.

Here they are below 👇

🔹The players which relishes into the amazing adventure
🔹 The Noble House Owner which help onboard new players through perks and benefits
🔹 The Weapon Dealer which rent items for passive income
🔹 NFT Artist which create new art for items to be voted in game by the community

🗳 The blockchain governance offers $CGLD holders true decision power for the item creation and managing in game.

The community can thus balance the items and also vote on including new ones, accelerating the development of gameplay.

This is the first in many steps to come on creating a new and exciting #metaverse on the @ElrondNetwork.

Stay tuned for what is next to come from @CathenaKnights!

#ElrondNFT #Egld #Cgld #NFTCommunity