Legend of Fantasy War* - Sustainable Ecosystem Beyond a Blockchain Game
*Beta version, will be updated constantly
Authors: Thomas Lang(*), Ken Hunt, Xavier Taylor
Highlights:
A highly qualified LFW game studio to develop attractive and interactive gameplay.
Diversified earning opportunities and long-term benefits.
Provide solid liquidity for LFW token and NFT.
Inflation control and fair distributions of income.
Transparent governance mechanism to listen to the ideas from the community.
According to a recent publication of Binance Research Lab1, if gaming does not create added value, it will not be sustainable. This article aims to show you our efforts to make the LFW ecosystem sustainable.
// LFW Vision Statement
To start, let us remind you that the Legend of Fantasy War is the first brick to open the gate of metaverse named Legendary Fantasy World which consists of 4 pillars:
Virtual world (game and metaverse): a series of games in production in which the Legend of Fantasy War is just our first blockchain game on the market. A proof of concept of metaverse has just been released.
Advanced blockchain protocols: our team is developing Layer-two and cross-chain DeFi solutions to open the access to our metaverse on multiple chains.
DeFi asset management: data and asset management, yield farming, lending and borrowing are also ongoing projects to provide liquidity and more methods of earning from the token or in-game rewards.
AI-based market services: we applied data mining and artificial intelligence in analysing the transparency of a blockchain project, prediction of risk and market.
4 pillars are underpinned by R&D investment to advance the state-of-the-art blockchain technology and bring much added value to the community.
Learn more about LFW Vision HERE.
// LFW Ecosystem
Attractive gameplay, diversified earning opportunities and long-term benefits
Understanding that attractive gameplay is crucial for players to enjoy the game while getting rewards, we focus on developing exciting game lore to make LFW always interactive and entertaining23. We own a highly qualified game studio with more than 15 years in the gaming industry including working with Tencent. We are having most of the Intellectual Property for our self developed games. A feature-complete product and depth of storyline will bring the best experience to thousands of players around the world. That was proven by abundant positive feedback from many early players participating in our closed beta test phase
The LFW game is designed for both individual and team competitions. Many diverse earning opportunities are waiting for you to win:
Play to earn: There, players will be able to freely collect or hunt monetizable and exchangeable items supported by Legends Marketplace such as clothes, shoes, rings, fashion items, gems... More importantly, you can create your own NFT heroes which can be traded to other squads.
Guarantee daily income*: Legendary chest will be awarded to players who completed daily quests. This Chest is used to exchange new NFT heroes or various utilities in our next game projects.
Surprised income Seasonal chest: player combines material to create Seasonal Chest in hunting season.
Huge opportunities for investment: The number of heroes is limited and it will become more and more challenging to generate, which will increase the value of your NFT heroes over time, extremely profitable for early adopters. In the early stages, only some types of Heroes are sold on the marketplace and the other types of heroes are waiting for you to recruit them into your squad.
Not only for short-term benefits, playing the Legend of Fantasy War game will get you with Legendary Chests, which will be published in NFT form instead of tokens. The act of hunting these chests is quite similar to mining in the crypto world.
These chests are valid not only for this game but also for other games and services led by Legendary Fantasy World. They can be exchanged now on Legends Marketplace for LFW tokens or newly released NFT Heroes for this particular game. Also, owners of these chests will earn the right to be early adopters/investors at the ICO, IDO, IGO stages in our subsequent games to be published.
Last but not least, in Legend of Fantasy War the gameplay, missions and features will be constantly expanded to satisfy playing, collecting and earning and your voices will be heard to make these expansions tailored to your imaginations and proposals.
Efficient liquidity mechanisms
The centralized exchange (CEX) has many issues such as market manipulation of the CEX platform owner as it can easily kill the long, short futures orders. The Automated Market Maker mechanism was created to assure a perfect natural balance of the market between buyers and sellers. Everyone can become liquidity providers and enjoy trading fees as part of the rewards. Therefore, decentralized exchanges (DEX) for many different chains play an important role, leading to a new era called DeFi.
The downside of blockchain-based decentralized exchange DEX is that anyone can add liquidity and easily get liquidity out. Consequently, many good projects can fail due to the lack of good mechanisms to add more liquidity for tokens in general, and for NFTs in particular. Without liquidity, sustainable development is not possible for blockchain projects on DEX. Assuring the liquidity of the project is vital for play-to-earn games like LFW.
In LFW, we provide 4 methods to build solid liquidity for LFW tokens, and our NFT products incorporate a burning mechanism.
Liquidity mining: The provision of liquidity to liquidity pools not only shares the swapping fee but also stakes LP tokens in various pools to earn special NFT items, special features such as VIP.
NFT mining: Creating opportunities for other players to play, meaning that every time that players recruit new NFT Heros, NFT Chests need to pay a small fee, the majority of the fee will be used to add liquidity pools.
Liquidity supporters: There will be items used to support in-game activities that will be sold in stable coin, BNB, ETH, HT, Matic, NEAR… The income from our official booth, we will reserve 69% to add liquidity (you provide the half, we will sponsor the half).
Trading: We encourage people to trade tokens/NFTs instead of holding them. Not only because it helps investors/traders make a profit through this work, but it also creates extremely large liquidity for the market. Besides the profit that can be generated from trading, traders will receive many rewards from us such as NFTs, Tokens, Chest, Mystery Boxes.
This also ensures that your NFTs are easy to buy and sell, and the rewards in the game are really added value to players.
Inflation control and fair distributions of income
Recent developments in the blockchain-based game community have prevailed the importance of inflation of in-game currencies which rely on the increase of the increasing number of users. Trading items is a must and takes place transparently on the blockchain. People need to both buy and sell in-game items so that the supply and demand will be in balance. In principle, inflation will not take place because playing games actually creates added value and creates items that the market has demand for.
We not only bring fairness to the early players, in-game item owners, but also latecomers. As Legend of Fantasy War is just the beginning of an ambitious-but-realistic Legendary Fantasy World metaverse, rare items hunted by game players of this first game will have value for themselves or can be sold for the other players, even for the subsequent games, ensuring the tradability of the in-game currencies. You can be sure that the earned in-game currencies will have the values.
At LFW, we have many ideas to control the inflation of the in-game currencies. We will issue only a limited number of items and implement an efficient burning mechanism to control the inflation of in-game currencies. This is an on-going investigation that requires more in-depth data from the market and players’ behaviors. Besides, the release of the beta-version of Legend of Fantasy War with thousands of players worldwide will help our team to collect these needed databases to build a sustainable ecosystem. A dedicated LFW task force team including experienced developers and business experts will analyze the real-time data thoroughly, review and report the findings honestly to the community. We will then design the inflation control measures and seek for all relevant stakeholders’ opinions before implementing.
At LFW, only a very small number of the NFT items are sold by the game developers to pay for development and maintenance expenses. The majority of NFT items will be minted and traded on the marketplace by the NFT owners. So, the current players will have the earning opportunities that will then create new opportunities for the new players, helping for a balance of the blockchain game market. It also gives blockchain game developers and publishers a stable resource to release games in the crypto world and avoid strong selling pressure from investors or the rewards given to players. In brief, we are a game provider with very limited interventions to assure a fair mechanism for all stakeholders to play and to earn.
Finally, we will create an open forum to listen to all voices and ideas from all of you to improve the LFW’s gaming experience, the earning reward mechanisms, and develop our community sustainably. For the income from our official booth, besides 69% used to add liquidity, we will use 15% to develop the project infrastructure and R&D, and the remaining 16% to reward game players.
What comes from the community will return to the community.
// How To Earn in the Legend of Fantasy War BETA
Daily missions & activities:
Completing daily quests will give you:
Gold/ Weapons/ Equipment/ EXP/ etc.
Legendary Chest, which will be used to exchange new NFT heroes. Note that the later it gets, the harder it will be to hunt the chest.
PvP mode:
Players will receive tokens directly after the end of a PvP match cause the amount of tokens to spike and lead to inflation?
At LFW, we’re confident with our solution in PvP mode.
Players can also earn from the betting mode in the PvP matches.
Hunting season:
You will collect materials to combine into LFW Seasonal Chest.
Each character can open a maximum of 30 chests as welcome and receive up to 60 LFW. If you convert it to GEM, we will grant you another amount of top-up.
This is the first hunting season in the game, there may be many more seasons for lucky players to hunt for rewards such as extremely hot high-tech stuff, cash, NFTs, etc.
Referral system:
We have a system to reward users for inviting friends to join the game and share the benefits when that friend makes a transaction with LFW.
Form a clan, be a leader:
By inviting others to play, you can enjoy rewards in LFW through the referral system, but also a lot of promotions specifically for your guild. At the beginning of the game, the first 5000 clans, at least 5 members in each clan at the time of awarding, will receive at least 1 NFT Heros per clan and GEM, Gold for members.
Hope that this article has given you the information you need to better understand the LFW game, its earning mechanism and have an idea of what will happen very soon.
Keep following our channels to be up-to-date.
(*) the program will expire until further notice
[1] https://www.binance.org/en/blog/sustainable-gamefi-to-play-or-to-earn/
[2] https://news.legendfantasywar.com/part-1-lfw-gameplay-in-game-overall-features-83aee94e751f
[3] https://news.legendfantasywar.com/part-2-lfw-gameplay-formation-is-key-a22d6bfd8b3f
About Legend of Fantasy War
Legend of Fantasy War is a unique 3D turn-based role-playing online blockchain game. By blockchainizing in-game items, the game provides players ownership of in-game items by owning so-called Non-Fungible Token (NFT). With an engaging storyline, players can both entertain themselves and collect valuable items, even increase the value of items while playing games solo or with others. Thanks to the blockchain of items, owners of NFTs can sell, exchange, and auction transparently on the Legend of Fantasy War NFT marketplace. One of the strengths of the game is the nature of the community. Thus, the game offers a fantastic mechanism that the player and their friends can enjoy the rewards together forever. In short, the game is easy to play and collect valuable items.
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