A #Metaverse Beyond #Gaming

Introducing #Exosama Network

• So, what is it?
• How big is it?
• What is the hype around it & @DonnieBigBags?

Get ready to "Expect Chaos" ⚡️

🧵👇
🧵/1

Let's begin with what is @ExosamaNFT Network

• Versatile L1 blockchain with a focus on #gaming, #music, #fashion, and #Metaverse

• High-performance #EVM capability (continuation of EWT tech)

• Ability to bridge to multiple #metaverses and ecosystems
🧵/2

Check out this talk where @DonnieBigBags admits to stumbling upon #NFTs 🤯 and accidentally building the biggest #blockchain game on @Polkadot

@RugRadio @farokh
🧵/3

How did they get here?

What started as a utility NFT layer (@MoonsamaNFT) on top of the recurring #Minecraft Carnage game events turned into something bigger

How Big?

Big enough to launch their own blockchain #Exosama - The precursor to a @Polkadot parachain
🧵/4

#Exosama aims to build the biggest #GameFi infrastructure - a new multi-verse multi-game ecosystem

@DonnieBigBags @KyilkhorSama

Check out the achievements over the year
🧵/5

-From the Whitepaper-

Why #GameFi Infra?

#Web3 games are either an animated front-end on #DeFi or too basic

Why #Music?
• Music industry (similar to Web3) worships values of #equality, progression & #freedom from corrupted systems (Web2 music benefits big players)
🧵/6

Solution
#Games need to become sophisticated to allow the gameplay to be enjoyable while making use of #NFTs & real-world item trading

- Leverage #Web3 to create a fairer system for small & medium music artists
🧵/7

#Exosama network will play a crucial role in connecting in-game items of Web 2.0 games to #Web 3.0 blockchain assets

& it's Play 2 Craft NOT Play 2 Earn 😎

Here's @TiggersCrypto super descriptive thread👇 on how

#Play2Earn🤑 ➡️ #Ponzi
#Play2Craft🛠 ➡️ Sustainable economy
🧵/8

#Exosama (first of its kind)

• Community-owned & governed via #NFTs

• Proof of Authority #consensus mechanism to enhance speed

• Gas token that shall be minted by the players of #Carnage

• Ability to port over with little pressure & complexity
🧵/9

Why shift to a standalone blockchain?

SPEED, FLEXIBILITY & CONTROL

• Launch their new gaming economy

• Exercise flexibility

• Fast (5x faster than #ETH/#Moonbeam)

• Gain the required community control

• Not be dependent on any parent chain
🧵/10

#Exosama Ecosystem

• Infrastructure to mint and trade massive volumes of tokenized in-game items

• New #NFT assets will be minted & the team will migrate the existing NFTs

• The flagship NFT marketplace @RaresamaNFT will also deploy on Exosama
🧵/11

• Additionally, multiple external projects are expected to be deployed on the chain (more later)
🧵/12

• The increasing complexity of the family of products & the risk of outgrowing the platform ➡️ called for a customized network

Check out the deliverables👇 @ExosamaNFT
🧵/13

The ultimate goal is to be a #parachain on Polkadot - #MOONSAMA Network

Meanwhile, #Exosama will be used as a sandbox to experiment with governance models and other features

Think of Exosama as what #Kusama is for #Polkadot

BUILD - TEST/TWEAK- INTEGRATE
🧵/14

At the core is the reality - A multi-chain AND multi-verse FUTURE

To get to that, there is a plan

• Phase 1 - Launch a limited feature set on #Exosama Network

• Phase 2 - Transform the Exosama Network into a fully-fledged #Polkadot parachain AKA #Moonsama Network
🧵/15

Phase 1 - Exosama Network (Live & Running)

• Block time 5s

#Multiverse Portal shall be able to mint native tokens

• Initial validator set of 3 controlled by devs (max 31)

• Team reserves the right to blacklist at their discretion (anyone, any transaction/nodes)
🧵/16

• Currently no block rewards for validators, subject to change in future

#Gasless transactions in certain cases (#Multiverse Portal)

• Introduction of simple governance: 1 Moonsama NFT = 1 vote

• Followed by Introduction of PoS-DAO on top of #PoA
🧵/17

Phase 2 - #Moonsama Network

#Polkadot parachain with an #EVM module

• Additional custom build #Substrate modules to offload & outsource specific functionalities from the EVM contracts to increase efficiency
🧵/19

Let's talk about the native token of the network- $SAMA

• Never sold but earned in the metaverse ($POOP)

• History of #POOP👇 credit: @era_italia
🧵/20

$SAMA is in the last stage of a year-long #tokenomics progression

Phase 0 - In-Game Reward (OVER)

• Total supply of $POOP 1 Billion
• 51% - proportionally allocated to the pre-$POOP token holders
• 10% - allocated to the team fund
• 39% - put into the community fund
🧵/21

Phase 1 - ONGOING

2 ways to convert your #POOP to #SAMA (1:1)

➡️ Through the website
• No added benefits

➡️ Through Multiverse Portal ($POOP refineries in #Carnage)
• Refineries highly efficient at the start but degrade over time
• Earn bonus

dailysama.com/stories/poop-t…
🧵/22

• $POOP will always be 1:1 with the $SAMA

• Migrating through Carnage will earn bonus components (faster = better)

#SAMA will be the gas/utility token of the new chain

🧵/23

#Multiverse Portal is the central #Moonsama hub that enables

• Linking gaming accounts for different games to the Moonsama account

• Import gaming assets & receive in-game resource rewards

Basically, it helps unlock #NFT and #metaverse interoperability
🧵/24

Phase 2 - COMING SOON

• $SAMA will be ported over to #Moonsama Network
🧵/25

Governance

Although challenging, good #governance is one that entails maximum community participation

The plan is to offer decentralized governance different from the existing models

"We aim to build a unique governance system, which nobody can offer today"
🧵/26

#Governance will address

• Low participation in the governance of #PoS networks

• Remove (rather reduce) wealth from what gives someone governance access and power by replacing it with experience & dedication
🧵/27

The finer details haven't been figured out yet, but a couple of things that are being considered include (PoP & NFT)

- The concept of Proof of Personhood (@encointer in #Polkadot)

Read more here👉 encointer.org/encointer-for-…
🧵/28

- #NFT is a new technical concept; however, it presents a wide set of opportunities

• Not based on economic incentives like token-based governance

• Community-driven
🧵/29

All of the mentioned facts 👆 provide a compelling reason to launch #Exosama before moving on to #Polkadot as a #parachain

How they'll tackle governance remains to be seen, but one thing is for sure EXPECT CHAOS!

moonsama.notion.site/Exosama-Networ…
⚠️ The information provided through this work is intended solely for educational purposes and must not be treated as investment advice.

If you find this helpful, pl give the first tweet a like/retweet

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Everythingblockchain 🧐

Everythingblockchain 🧐 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @EverythingB0x

Nov 24
PRIVACY PRIVACY PRIVACY 🕵️ 🚨

On Nov 23, ConsenSys announced an update to its privacy policy

ConsenSys is the company that owns Metamask and Infura

Web3 is centered around value & not user data

If you are a Metamask user, this affects you 👀

🧵👇 Image
🧵/1
Infura is the default Remote Procedure Call (RPC) provider in MetaMask

As per the update, Infura will collect both your IP address and your Ethereum wallet address when you send a transaction

MEANING your IP address will be linked with ETH address
consensys.net/privacy-policy/
🧵/2
What can you do? 🧰

Not be bothered if you aren't big on privacy (which you should be) - 💊 Take the pill

Change the RPC 🪛

Change the wallet 🛡️
Read 9 tweets
Aug 31
1
Kusama - Polkadot's canary network built for speed and innovation

@kusamanetwork and @Polkadot share the same codebase

Kusama is an early and unaudited version of Polkadot

Both networks operate as multichain, heterogeneously-sharded blockchains based on nominated PoS (NPoS)
2
While the two are closely related, Polkadot adopts a conservative approach and prioritizes reliability and stability, whereas #Kusama is wild and fast

It is not a testnet but a developmental network that is extremely helpful for early-stage deployment & bold experimentation
3
A significant problem associated with #testnets is their inability to test things that require some degree of value, e.g., #governance and stakeholder voting/participation

Such activities are futile as no individual is sufficiently motivated to vote on a #network with 0 value
Read 14 tweets
Apr 23
1/Beanstalk a credit-based algorithmic stablecoin protocol lost $182 m in a flash loan attack on Sunday, April 17th, 2022. The attacker was able to identify and exploit flaws in the governance design that enabled a controlling stake in the protocol.
2/The attacker drained the liquidity pool of its assets and got away with $76 million and BEAN fell about 75% from its $1 peg. So without further ado, let’s dive into the specifics.
3/A lot of people have mentioned this act cannot be classified as a hack or a theft and that it’s simply an outcome of a massive flaw in the governance design. However, I would like to add it was a combination of the following - Flash Loan & Governance Mechanism.
Read 23 tweets
Jan 17
VADER is a liquidity protocol that anchors a slip-based fee Automated Market Maker with the native stablecoin, USDV.
Confused about what that exactly means? Fret not. Let's understand what and how of @VaderProtocol
Or just read the full article here
everythingblockchain.substack.com/p/vader-protoc…
@OlympusDAO brought DeFi 2.0 to the fore-front. Liquidity changed from being owned by paper hands and degen farmers (pump and dump) to being protocol owned. While this gave birth to DeFi 2.0, some of the other problems of DeFi still persist.
@VaderProtocol is aimed to bring solutions to some of these problems. It brings the combined features of Terra, Thorchain, and Olympus all wrapped into Vader. Vader Protocol combines Stablecoin anchored AMM, Impermanent Loss protection and Synths with Protocol owned liquidity.
Read 17 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(