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Token Economy

21BJ'S SUSTAINABLE ECONOMY

21BJ stands at the forefront of gaming innovation, crafting an economic model that values player contribution and skill above all. Through strategic collaboration with industry experts, 21BJ has developed an ecosystem powered by a single, capped-supply ERC-20 utility token, ensuring a streamlined, dynamic, and sustainable gaming experience. This token is pivotal both for in-game rewards and for in-game actions such as minting, upgrading, and participating in tournaments, emphasizing the utility over mere asset acquisition.

Defining 21BJ Tokenomics

The essence of 21BJ's tokenomics lies in crafting a robust economy that prioritizes long-term engagement and fair play. Our approach addresses the complexities of integrating cryptocurrency with gaming, focusing on a sustainable business model that enhances both the player experience and the token's intrinsic value, infact all reveneus that 21BJ will generate will not be obtained in the token, to avoid devaluing it.

21BJ’s Game Economy

21BJ is built on a single ERC-20 token framework, designed as a utility token that functions as the in-game currency. This token is designed for rewarding players and for various in-game activities. With a finite supply complemented by deflationary features to decrease the supply gradually, we aim to maintain the token's scarcity and, consequently, its value for users.

  • Single-Token Economy: A single utility token economy simplifies the gaming environment and makes it easier for both the development team and the players to balance and recognize the value drivers. By focusing on a single token system, we enhance the gaming experience, making it more engaging and intuitive for players to understand how their actions within the game contribute to the token's value. The token's importance is the central pillar of the game's economy, driving demand through its utility and maintaining scarcity.

  • Multifaceted Token Utility: The token offers a wide array of utilities.Players are incentivized to utilize their tokens within the game (minting, upgrading, and access to competitive tournaments), to enhance also the value of NFTs and maximize reward opportunities. This will also contribute to ensure the reward pool is constantly refilled throughout burning mechanisms.

  • Deflationary Token Model with Weekly Rewards Cap: Pre-defined reward pool and based on real in-flows of tokens in the ecosystem. Implementing a weekly reward cap encourages continuous player engagement and competition. This approach ensures a dynamic and vibrant gaming ecosystem, where players are motivated to return daily to improve their skills and rankings. Furthermore, burn mechanisms are introduced to gradually reduce supply, enhancing its value over time.

  • Skill-Based Reward Distribution: 21BJ departs from conventional play-to-earn models by rewarding players based on their rankings and progress. Players start with a fixed daily amount of poker chips, based on their character’s buiild - this amount resets every day, meaning players begin each day with an "X" amount of these non-cumulative chips. Rewards are calculated based on the chips won over the course of a week, excluding the starting chips. For instance, if a player ends the week with a total of "Y" chips won (not counting the daily starting chips), they are awarded 21BJ tokens corresponding to those Y chips (in % of the fixed reward pool). Conversely, if a player finishes the week without any additional chips won, effectively having zero net winnings, they will not receive any tokens. This system ensures that rewards are directly tied to the player's ability and skills.

  • Engagement and Progression: Players are incentivized to level up and enhance their gameplay, with the token distribution tied closely to individual performance and rankings. This ensures that the most engaged and skillful players are rewarded, promoting a competitive yet fair gaming environment.

  • Limited NFT Supply: In parallel with our token strategy, limiting the availability of NFTs within 21BJ boosts their exclusivity and value, thereby encouraging player engagement and fostering investment over time. This approach complements our tokenomics by ensuring both the token and NFTs within our ecosystem are perceived as valuable assets, enriching the overall player experience and investment potential.

21BJ’s Strategic Approach to Gaming and Tokenomics

In aligning with our core principles and understanding the dynamics of the gaming economy, 21BJ adopts a realistic and sustainable approach to rewards and player engagement. Recognizing that the essence of a thriving game economy lies not just in continuous rewards but in fostering a balanced ecosystem, we emphasize the value of entertainment and skillful play over mere earnings. This philosophy is embodied in our “Play and Earn” model, which differentiates itself from the traditional “Play to Earn” by rewarding players based on their achievements and contributions to the game.

Merit-Based Reward Distribution

21BJ is committed to a merit-based reward system, where token rewards are distributed according to player rankings and in-game achievements. This structure ensures that competitive players are adequately rewarded for their skills and efforts and at the same time all users can enjoy the game and receive rewards, underlining our commitment to an inclusive and sustainable gaming community.

Phased Go-to-Market Strategy

21BJ’s strategic launch plan is designed to optimize the game’s long-term success and economic stability:

  • Phase 0: We introduce a free-to-play version of the game, allowing us to gather valuable insights into core gameplay dynamics and player engagement. This phase focuses on understanding player behavior and preferences, ensuring the game’s mechanics are well-tuned to our audience's needs.

  • Phase 1: A play-and-earn version is launched with a non-tradable token and just NFTs. This phase allows us to test and refine the game’s economic and reward systems in a controlled environment, ensuring they align with our sustainability goals and at the same time,giving users the possibility to engage with the game, through the Characters NFTs, and start competing and scaling the rankings to achieve and unlock rewards in the next phase.

  • Phase 2: Following successful testing and optimization, we release the native token on decentralized and centralized exchanges, fully unlocking the game’s features and economic potential.

Supply

We will update this section with the following information as soon as possible:

  • Supply

  • Allocation

  • Release schedule

  • Vesting

  • Launch price

  • Market introduction

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