AMA Recap: CRYPTO MINERS X TINY WORLD
Tiny World is a blockchain game universe that combines NFT, DeFi and Gaming to create a truly stunning experience for users. Collect over 100 Tiny Hero NFTs and start your epic journey. Battle your way to the top of the leaderboards or enter the dungeons to realize your play-to-earn experience. Stake your tokens and awesome NFTs for a different way to earn using the platform’s DeFi products. Tiny World has a complete DeFi system - Tiny Farm, which includes a series of DeFi elements such as Yield Aggregator, Liquidity Mining, staking, NFT Farming, mystery-box, NFT market, etc. It combine cool NFT heroes with DeFi to produce a seamless GameFi experience.
We hosted an AMA session with Tiny World on 10th February.
Mr. Ramsy was the host from Crypto Miners and Mr. Adam was the guest. He shared delightful knowledge and unique features of Tiny World.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With Tiny World
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Adam
👋 everyone! I am happy to be here and introduce you to our project Tiny World!
Hello there 👋
Thanks for bringing Us Tiny World❤️
It is my pleasure! How are you today? Hope you are well!
Iam doing great, I hope you too!
Yes I am fine! 😃
Shall we get started?
Sure, let's go 🚀
First of all Please give us a brief explanation about 'Tiny World' .What popped up in your mind to create such a platform in this Space?
Of course!! Tiny World is an amazing new GameFi platform that combines NFTs, DeFi and enjoyable games to bring the best gaming experience to blockchain.
We are gamers by heart, and we feel that the playability of blockchain games can generally be improved upon. You know, there are many great GameFi projects on the market and they do amazing things with their P2E mechanics and building their communities and are rightly popular.
However, the majority seem to forget their gaming roots 🤦♂ and fail to prioritise the gameplay and focus too much time and resources on satisfying investors and making profits, instead of keeping the user base happy and attracting new users with innovation and quality gaming!
We aim to change that by creating a decentralised platform that has incredibly diverse games that are enjoyable and fun to play, whilst still giving players amazing P2E rewards and other ways to earn through DeFi and NFTs. We will also put the power in the community’s hands by giving them a vote of where platform profits will be spent to benefit Tiny World! 🤝
Thanks Adam For this awesome start about Tiny World 👌
Now let's see our second question from this segment...
let’s do it!
Q2) So what are your main features and advantages that discern you from other Projects?
Ok nice question. Some of the headline features in Tiny World include
Single token economy with Tiny Coin Token ($TINC)
Tiny Hero NFTs - full upgrade system to avoid saturation of NFT market
NFT yield farming
NFT LP accelerator - boost returns by staking NFT with LP tokens in $TINC LP
Multiple games (Tiny Kingdom, Tiny Dungeons + more to come)
NFT and in-game P2P marketplaces
TinyDAO - buyback pool governed by $TINC stakers
In terms of advantages, Tiny World has many of them;
Strong tokenomics with single token economy
Diverse games with gameplay evolution
Experienced team that have built and operated blockchain games for 4 years
Amazing design and UI
Easy to use
Secure platform, audited by Certik
We are also well connected in the space and this gives us advantages to attract users! 😃
Impressive things 👌
Q3) How has the experience and background of your team been effective in the success of your project so far?
The core teams’ background is in game development (6+ years), blockchain development (4+ years), project management (8+ years) and operations and marketing (10+ years).
Their experience and connections made over the years has been vital to get to where we are today. What started as a hobby between friends a few years ago has developed into this huge project.
It has not been down to just experience though! The team works closely together and is really passionate about this project so a lot of hard work has gone into creating Tiny World 💪 When you are having fun and really invested in your work, then it doesn’t seem like work at all! 😃
They say hard work pays off in the end! 😃
4) Now Share us about your Native tokens, What are the some of utlities of $TINC in Your Ecosystem? And if possible share to us the Tokenomics
Yes ofc. TINC is our native token and it has many use cases. In Tiny World, you can use it to purchase NFT mystery boxes in Tiny Farm, or to purchase in-game currency in our games. Let me share the token model
We have a burn mechanism for TINC, where the majority of TINC spent opening mystery boxes will be burned. (80%)
We collect fees from the yield aggregator (20%) and NFT marketplace (5%) and the majority are diverted into the TinyDAO buyback pool.
Staking $TINC into the staking pool increases Hero rank, which enhances the gameplay by giving the player buffs in game. These are significant and give many game advantages. Also,
users who stake $TINC in the staking pool will also be able to vote on how the TinyDAO funds are spent, for example, TINC buyback, securing partnerships, extra P2E rewards etc. We really want the community to help us make the best decisions for Tiny World.
60% of TINC rewards from LP staking will be locked for 3 months, apart from the TINC pool, where 100% of yields will be available to use. Locked TINC can be used to purchase mystery boxes, which gives users another option than waiting 3 months to cashout and can help avoid sell pressure for the token whilst driving NFT minting
The TINC LP has a 20x multiplier on yields, as opposed to a stablecoin LP. This incentivises users to stake TINC as returns are much better. The returns can be further enhanced by staking NFT with LP tokens. You can only stake an NFT in the TINC pool to boost returns.
I also forgot to mention that there will be 1B TINC tokens minted and over 50% is released to the community through farming and P2E. almost a quarter is re-invested back into tiny world by growing the ecosystem and community. There is lock up periods before tokens start vesting for the team and investors to stop token dumping.
You can see it all in the image:
Let's move to our last question from this segment
Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from Tiny World? If possible could you please share road map with us.
Tiny World has been in development for 10 months as we wanted to make sure everything was perfect. We spent around 4 monthsd just on the concept!! Let me share a roadmap of what we have in store for 2022
In the coming days we will launch an open BETA test, with up to $10k BUSD and 40k TINC up for grabs for participants, make sure you take part to earn some amazing rewards and get a taste for the platform! Announcement dropping later today so make sure you are following our socials! 😃
After this, we will launch our IGO mystery box presale, this is scheduled in the next 2 weeks and we will announce official date through our socials soon.
The really exciting news for the end of the month is that we will officially launch Tiny World with Tiny Farm opening, and soon after our first game title Tiny Kingdom will launch!
In the rest of Q1 we will focus on bringing the mobile version of Tiny Kingdom and release our top tier UR Tiny Hero NFTs. These are only available in auctions and are the best NFTs you can get on the platform. We will also start the TinyDAO buyback pool and voting! 😃
From Q2 we will implement new game environments like PvP and community boss battles, new items, new systems and new ways to earn. It will be like having multiple games in one and improves the playability and longevity of the game. We will also create a mini game for Tiny Farm to help users understand NFT and LP farming better through gamifying the process
Later in 2022, we will launch our second game title, Tiny Dungeons. This is a simulation game with tower defence mechanisms and will add more variety to our gaming platform. The launch will be preceded by a really exciting NFT land presale, the first NFT land available in Tiny World.
We have more in store for 2022 and beyond 😁
Thanks Adm for this well detailed introduction about Tiny World:)
And that's the wrap up of our the first part of the AMA session ✅
Let’s now proceed to our Twitter Questions section
i hope you're ready for that!!
I was born ready!! 👍
Segment 2️⃣: Twitter Questions
1) Almost 3/4 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
Yeah for sure. This is one of the problems with gamefi projects. They attract big spenders looking to make big bucks and the actual players don’t get the gaming they deserve!
Our token literally does a handful of things, You can buy NFT mystery boxes or you can spend in games. It is a gaming token but of course you can stake it in our LP for huge boosted returns
I have already gone over the lock up mechanisms so no need to repeat. These locking mechanisms and incentives to hodl TINC revolve around using the Tiny World platform
And ofc the stakers of TINC will be able to vote on important platform decisions! what more could you want? 😝
2) A strong community not only brings interesting ideas to the project but also attracts larger partners. So how is initiative planning to build its community? And is there a plan to recruit people with Blockchain experience to the initiative team?
Great question. I think you all already know how improtant we value the community by letting them make decisions on spending the platform profits!
We have an ambassador program that amazing community memebrs can join and help to grow the community
We have a community growth fund of 50M TINC to help us achieve this
We plan to become a global platform and so we will offer as many language supports as necessary. We also plan to become a global team. We have 20 team members from europe, asia, africa and australia, we just need to find some talent in the Americas! 😝 We look to double this number to around 40 as we grow.
3) One of the features of Tiny World is Crossplay where you can play the same game on your phone or computer. Will this privilege not get the user blocked because they can play the same game on two devices? Is there a game selected to play the same game on two devices?
Ok so Tiny World will be accessible from desktop and mobile. The mobile version of Tiny Kingdom won’t be released straight away, but we plan to release it in Q1 to support iOS and Android etc.
4) Earning in P2E games are becoming a challenge nowadays for small players who don't have enough money to invest in the game for better earning opportunities. Can you tell us how earning works in Tiny World? Can there be fair treatment in earnings for small and big players?
Great question. Again I feel this is a problem with blockchain games that are geared towards high spenders
Our games give a fairer chance to users. Ofc, the nmore you spend the better chance you have at getting better rewards. But NFT mystery boxes offer the same chance to small fish as they do to whales to pull a rare one. In the games, rare items are not guaranteed even for whales, and small time players can get really lucky and pull valuable items to sell for profit
In terms of gameplay, our PvP arena is set up so that it is fair. You can only battle the 5 immediately above or below you in the rankings. Meanining top players can only battle top players and so on. But there is also strategy involved so an experienced player can take on stronger opponents with their skill! As a gamer myself, I feel this is very important to attract all different kinds of users
So in summary, we want all types of spenders to enjoy Tiny World. It is about the gameplay first! 😃
5)As an investor, I want to know how strong is your project security system? and what benefits will a user have in the years to come when I decide to join the project you are working on right now?
Here is our last question from twitter
Ok so the team are very experienced in blockchain and have been building smart contracts for a long time. But ofc a fresh pair of eyes is always a good thing. This is why we paid for a Certik audit, which has been completed! Yoiur funds are safe in Tiny World!
So we aim to build the amazing gaming network that will continue long in to the future. You can expect amazing games, innovative products and of course an amazing network of like-minded gamers that will surely become friends over time! We are building something special and you can all be part of it! 😃
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment
It is my pleasure!
Now Moving on to our last segment - Live Q&A
Shall We Go?
Let’s goooooooooooo 🚀🚀🚀
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)
Where can I buy your tokens? What kind of success can I get in this context?
There is no presale for TINC. Initial liquidity will be provided on PCS by the team when we officially launch. Once launched, you can earn TINC from farming and P2E. If you want to get some TINC prior to launch, then you will need to take part in our events and win some!
2) Salman Khan:
Is there a NFT lending or leasing mechanism? In order to earn passive income?
This is a great question! We have implemented an NFT lending feature that will enable you to lend out your NFTs for a fee. We hope to attract guilds this way and it is one of our growth strategies!
3) Earlya Nora ❤:
Can you List 1-3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantanges your platform Has that you Feel most Confident about??
1. The best games on blockchain. We are focused on playability, we are a gaming platform after all!!
2. NFT accelerator function. Stake an NFT with you TINC LP tokens to our TINC pool and you will boost your returns. This pool already has a 20x multiplier compared to stablecoin pools so it is a huge product for us.
3. TinyDAO. We want the community to have a say in the way Tiny World is developed. This will keep engagement high and retain our users for longer!
4) RAD MAN:
1) Which do you think is more Important:
B. Investors and
C. Token Price
If all of The above is important to You, Whiich Should Come First?
They are all important. We would not be here without investors, and the token price being strong and stable will help attract users. However, we feel the community is the most important as without a community, Tiny World dies, and the rest is obsolete. We focus on gameplay and decentralisation and engaging with the community. We are a bunch of gamers, after all! 😃
5) 🇧🇩🇧🇩🇧🇩🇧🇩TERBO 🇧🇷🇧🇷🇧🇷🇧🇷 MAN 🇵🇰🇵🇰🇵🇰🎌:
COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?
So Covid has not hindered our progress. The team is global so some of us work remotely and some are in the office. If anything, less travel has mean we have had more free time to improve Tiny World and make it as perfect as we possibly can!
On a personal level though, I can’t wait until covid is over so we can get back to normal! I got married in covid with reduced numbers and it made everything harder! I also have a holiday booked in August that I do not want to cancel! 😂
*This segment ends here*
Thankyou so much adam For your valuable answers and information about Tiny World,
It Was Pleasure Hosting An Ama With You
Is there anything else you would like to share or you want us to know ?
It was my pleasure being here today! Let me just share with your community our linktree so they can find our socials all in one place!
Drop us a follow, like, subscribe and all that good stuff! We have an annoucnement later today about the BETA test event! stay tuned, you don't wanna miss this one! $10k + 40k TINC as rewards!
Time To Conclude Our AMA Section
Don’t forget to check our docs for more info! https://docs.tinyworlds.io/
Thank you so much for having me Miners! I hope you have a great day and look forward to seeig you in Tiny World to start you HUGE adventure!!!
We Wish all the very best for Project
Tiny World And The Entire team behind the project ❤️🤝
Community, if you would like to learn more about Tiny World, here are some useful links for you:
Medium: Tiny World