AMA Recap: CRYPTO MINERS X ELVES CONTINENT
Elves Continent is innovation in the field of block chain game MMORPG GameFi, game based framework based on the HECO chain development, fusion DeFi economic logic, can assign a NFTs application scenarios, implementation to immersive fantasy adventure for the theme of NFT + DeFi + MMORPG massively multiplayer online strategy game, Elves Continent is a new Play-as-you-earn platform trying to redefine what GameFi means.
We hosted an AMA session with Elves Continent on 20th December at 11:00 AM UTC.
Mr. Ramsy was the host from Crypto Miners and Mr. Peter was our guest. He shared delightful knowledge and unique features of Elves Continent.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With ELVES CONTINENT
Thank you all for joining us today❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Peter , Welcome to our community 🤝
I'm pretty sure that our AMA participants are very much excited to learn more about ELVES CONTINENT, so let's get started if you're ready
Are you ready to begin ?
firstly kindly introduce yourself:)😊
Hello, all the community member and the host, I feel amazing to have AMA section here. I’m Peter, CFO of Elves Continent. I am mainly responsible for game front-end rendering, game visual modeling and other management content. And I was a founder of financial technology company and has more than 10 years of industry experience in the field of blockchain and games.
"Elves Continent" was created and developed by our Rock n Rules team. In the early stage, we work on quality, tolerance, and sustainability as the core of the game culture media to create this GameFi product that integrates entertainment, revenue, and vision.
so let's move to the first question:)
Q 1: Will GameFi become a relatively independent industrial ecology in the future and the highlight of DeFi in the near future?
DeFi is a new trend since 2020. GameFi refers to the "gamification financial concept" under the integration of DeFi+NFT+Game. It is a brand-new gamification business model.
NFT introduces differentiated assets based on scarcity for DeFi, and DeFi also endows the value of NFT commoditization through financial means, including the current projects that promote the cross-border application of DeFi, especially the integration with the NFT field, which has shown great potential. In the second quarter of 2021, the transaction volume of the entire NFT market Reached 754 million U.S. dollars, an increase of 48% over the previous quarter, and the number of transactions exceeded 130,000.
The industry generally believes that GameFi may be the next major innovation direction of NFT. There have so many play-to-earn game, and a lot or professional teams have appeared. These scenarios undoubtedly do not indicate that GameFi has a high market acceptance.
Q 2: Can you please briefly introduce "Elves Continent"?
"Elves Continent" is an innovative MMORPG GameFi in the field of blockchain.
The basic framework of the game is developed based on the HECO chain, integrated with DeFi economic logic, and empowers NFTs application scenarios, realizing NFT+DeFi+ with the theme of immersive fantasy adventure MMORPG massively multiplayer online strategy game.
At the same time, the game covers a variety of gameplay methods such as combat, ranking, strategy, etc., combined with fantasy, cartoon, loli and other elements.
All characters and equipment in the game are independent NFT assets. Players can play in the world of the fairy kingdom and create their own personalized hero.
And the hero can be used for trading, fighting, collecting, and continuously generating value. Player can also get NFT token rewards to realize the concept of Play-To-Earn.
Q 3: What are the advantages of “Elves Continent” compared to other projects in the field?
Before introducing the advantages, we first have to understand a few key words which is super 3D modeling + GameFi + real battle scenes + infinitely close half-month payback cycle.
1. We are the first NFT play-to-earn encrypted games. There are three circulated exchange tokens in the game, which complement each other.
2. Compared to other GameFi products on the market, the developers of "Elves Continent" are more focused on developing player-to-player economy, and return to token holders through a good economic cycle.
3. About to work with Chain-link to process their VRF code to ensure 100% transparent NFT casting
4. 70% of in game purchases and expenditures are directly returned to the reward pool through the contract, and the remaining 20% are returned to the liquidity pool, which fully ensures that the economy is always recycled.
5. Events and activities will be held every week to reward HT and game tokens, which will greatly stimulate the interest of players.
6. Extensions and additional components will be launched soon, so that players can use these game tokens in a variety of ways.
7. Establishing cooperative relations with more mature DeFi companies and gradually completing the iterative upgrade of the version to ensure a bright future for Elves Continent.
Q 4: How is the "Elves Continent" token economic model designed and how do users participate in the game?
In "Elves Continent", players randomly obtain professional characters by drawing blind boxes. The game contains three professions swordsman, elf, and pet master.
Players must meet three roles at the same time to start the adventure (can be the same profession), Each profession has different appearances, races, skills, etc. At the same time, attributes are determined according to the character quality of each profession.
In the economic model of Elves Continent, there are total 3 types of tokens which is EK, EKD, and EKF. Players participate in the battle through the mission, PVP, and PVE system to get rewards of EKD and EKF tokens.
Total circulation: 800 million pieces
Acquisition channels: Purchase through Pancake Swap
Purpose: buy character blind boxes, war alliance props
Game ecological rewards 50%
Capital Investment 20%
Early Investor 10%
Total circulation: 10 billion pieces
Obtaining channels: Players earn rewards by winning PVP battles
Purpose: Combining equipment handling fees, combining spirit beast handling fees, redeeming spirit beast eggs, and raising the level of war alliance territory.
Total circulation: 10 billion pieces
Obtaining channels: Players can get through the dungeon levels, daily tasks, activities, etc.
Purpose: Upgrade skill level, exchange soul beast eggs, exchange soul beast food.
Q 5: What are the “Elves Continent” future development plans?
Regarding to the future development plans, you can see our road map
Currently, we have reached the stage of official website and the blind box system. The pvp battle mode is about to be released. Let us look forward to the release of the official version.
Please keep in mind that this road map may change, but we will do everything we can to achieve each milestone.
The goal of Elves Continent is to become a decentralized adventure game that players can enjoy in Elves Continent, pursue tasks, and enhance strength by training many Elves to master different skills, interact with players, and most importantly, play while earning. Have fun.
Thanks for this well detailed introduction about ELVES CONTINENT:)
That's the wrap up of our first part of the AMA session ✅
Let’s now proceed to our Twitter Questions section, i hope you're ready for that!!
here is the first question:)
Segment 2️⃣: Twitter Questions
1. User experience is a very important issue in most projects. Does ElvesContinent focus on this? What has ElvesContinent done to bring the best user experience, especially to new users?
All links of our game are developed using smart contracts on the chain, and the screen presentation uses 3DMax modeling, providing players with a more innovative game at least in the gamefi field, and at the same time combining some of the characteristics of traditional games, so that you can love the game and love the game. Investors can participate in it.
2.As someone who is interested in blockchain games I want to ask you How many characters are there in Elves Continent, how the game is designed? could you tell us about the main features and give us some details of each of them?
In the game, there are three professions: swordsman, elf, and summoner. Each player must have 3 heroes before starting the game. These heroes can be of the same profession. When the player engages in PVE/PVP activities, they will generate income. 2.0 In the version, we will also open pets, synthesis and other gameplay methods.
3. Do the "ELVES_CONTINENT '' holders have the right to participate in the governance of the project? On what kind of decisions can they vote on about the project? Do you have any plan to create other features? Maybe yield farm, stake, or NFT project? Can you explain in more Detail?
In fact, our goal is to establish a decentralized autonomous organization. The game is just a simple way of execution, and the real profit still needs to depend on the market. In the future, EK holders will divide their rights and interests according to their holdings. It can better guarantee the development of the entire project.
4. Most investors only focus on the short-term token price instead of understanding the real value of the project. Can you tell us the motivation and benefits for investors to hold your tokens for the long term?
As I just said, our goal is to build a platform that can truly bring benefits and benefits to loyal blockchain fans, and games are just one of the channels. In the future, the holders of platform tokens will belong to Dao organization.
5. Most NFTs games currently suffer low player base due to expensive initial cost for a new player to take part in the game
How does ElvesContinent is attracting large group of players ? can you talk some of its features which make it different from other?
At present, most GamdFi products are stuck in rough games and high barriers to entry. However, we took these issues into consideration at the early stage of design. First, not only adding the concept of Dao, but also granting rights to real users, so this Is the way of sustainable development.
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment
Moving on to our last segment - Live Q&A. If you are ready
Here we go,
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
1)It’s for all user, every New User Can Join with Low Portfolio & Bag Gld After listing & Also Earn Free Gld By Staking, Farming.
Yes, this is a brand new model, we will add more rich elements in the future
2) Continue the legacy and prove again that you are capable of conducting great AMA sessions and leave a mark behind in minds of project holders?
This is not just a game, in fact the game is just an entrance, our purpose is a decentralized platform
*This segment ends here*
Thankyou so much For your valuable answers and information about ELVES CONTINENT,
It Was Pleasure Hosting An Ama With You.
any last words to our community?
Finally, thank you all for participating. I hope every friend can find his own way to get rich.
We Wish all the very best for Project
ELVES CONTINENT And The Entire team behind the project