Den Chinov

Overview

Following the launch of Wolf Game, the game has gained incredible traction and has brought a breath of fresh air to the Ethereum ecosystem. In line with that, we are excited to announce the launch of Police and Thief, a specially curated P2E NFT game with newly defined Tokenomics. We have looked to adopt all the best features from Wolf Game, added new and innovative features with the aim of delivering the next big project on the Avalanche ecosystem.

The Plot

Renown for their astute investing, JOE Bank recently capitalized on several great investment opportunities and successfully realized significant profits. They have now decided to load up their $LOOT reserves in anticipation for the new year ahead.

TL;DR

Only 10,000 Gen 0s can be minted for 2 AVAX each.

Another 40,000 Gen 1s can only be minted using $LOOT.

A Thief can enter the Bank (stake) to steal (earn) $LOOT. A bribe has to be paid to the Police every time $LOOT is stolen (harvested).

If a Thief leaves the Bank (unstake), the Police will try to steal all of the accumulated stolen $LOOT and keep it for themselves.

When a new Thief (or Police) is recruited (minted), the Police will attempt to arrest them. If successful, one Police will be rewarded with this arrest.

$LOOT can be laundered (staked) through the ALABS Cartel to earn different currencies without any risk of $LOOT being stolen.

For more in-depth details, do check out our Whitepaper.

In the world of crypto-currency, there are an abundance of projects and

tokens. And the idea of creating an ecosystem that is driven by the

community is not new. But the main problem in all these projects is that

they are driven by developers. They are pseudo-community-driven. Now,

Community Metaverse is here to solve this problem and present a truly

transparent and fully community-driven ecosystem!Our model is very

simple. It gives our holders full authority to make decisions (through our

Voting System) on:which direction to take, and which products to create.

COMT Token

In any world universe or metaverse, we need a

currency that serves as its main fuel. In our ecosystem, that is the Community Token (COMT) – it’s the official currency for all Community Metaverse products and systems (except in the Voting System). With COMT, you can interact with all the features we decide – together – to bring into our metaverse.

CVP Token

This token represents the voting power of the holders in our system. You can think of it as shares in the company voting power! People who buy Community Vote Power (CVP) can vote in polls and choose the direction of our ecosystem’s development. This might be as simple as deciding which product to create and release next, or which exchange to become listed on, or which advertising strategy to adopt.

LABEL is a blockchain-based, NFT, copyright fee sharing platform

that introduces an incubation system that supports investment,

distribution, and promotion processes to break down high barriers

to existing content production and investment and dismantles the

current unfair profit distribution structure.

X-power Chain has cooperated with tens of thousands of companies in the world and displayed more than 400,000 offline screen terminals, which have generated more than 70,000 nodes and a daily traffic of over 10 million and provided a lot of traffic for the development of public scenario. X-power Chain energizes “public screen” from Blockchain Advertising, Blockchain Content and Blockchain DAPP and creates a public open platform for global users to explore, tap and exploit its potential value.

OneArt is an ecosystem of NFT and Metaverse products designed to simplify the entry of people into this exciting industry. Easily deploy, trade, get inspired, create, and earn. There are hundreds of NFT marketplaces, but people are not aware of the technology that could revolutionize the world. OneArt is building a scalable ecosystem of NFT related products connecting blockchains together in one place.

Vires.Finance is a pool-based liquidity protocol facilitating lending and borrowing capabilities at rates defined by the market equilibrium.

In our 2021 Development Update we shared the protocol’s progress on its path to fully decentralised DAO: gVIRES. Today, you can prepare for it: in 24 hours, 21-Jan-2022, 13:00 CET locking VIRES to get gVIRES will be enabled to everyone.

Why lock VIRES?

VIRES locking reflects your commitment to the protocol governance. It grants you the ability to make decisions and directly earn your share of the protocol’s income. This share exists in the form of gVires.

gVires(g is for ‘governance’) is a unit of measure of your commitment to the protocol’s future. The more Vires you lock, the more you are committed; therefore, the more voting power and the larger the share of the protocol’s revenue stream you receive. 50% of the locked amount is released during the first six months. Learn more about gVires math in the documentation.

What is Protocol Revenue?

Vires.finance markets take a cut of the interest that borrowers pay. The corresponding cut for each market is labeled as ‘Protocol share’ on the asset details page. This value can vary for different markets, configurable through governance.

Which part can I receive and how do I do it?

Starting Jan 21, 13:00 CET, lock your VIRES at Governance page. All the revenue will begin distributing across all locked tokens continuously(every block, ~ every minute) and proportionally to your gVires(locked VIRES). The more you lock, the larger share you are to receive.

Locking dialog example

In a minute after that(at least one block later), you can start claiming revenue.

Claiming Revenue procedure

What else?

Revenue Delegation

In the upcoming days, the revenue delegation will be live: everyone will be able to delegate claiming revenue to another account.

One scenario where you might find particularly useful is to keep your Locked VIRES on a cold wallet while streaming revenue of it onto your hot wallet. Passive income is coming in a safe way!

Rewards Distribution Changes

As VIRES increases its utility, giving away lots of VIRES is not the way to move forward. As the general paradigm, the distribution logic stays the same: Each asset is set to share a part of the distribution stream in proportion to the asset’s total borrow. Each stablecoin shares the stream between borrowers and providers with a 50–50% ratio; Waves, BTC, and ETH share their streams as 95% for deposits and 5% for borrows. The amount distributed daily will be decreased substantially as the update takes place.

Deprecation of Legacy Staking

During the token generation event, VIRES Staking for 12.5% APY has been set up for at least three months. Three months after that, it’s time to move on. Legacy Staking will continue to operate under 0–1% APY, ensuring smooth migration for everyone.

What to do?

Prepare VIRES to lock it tomorrow, Jan 21, 13:00 CET. Don’t miss out!

As always, follow us on social media for the latest updates, participate in the discussions on the protocol future: