🥰About Us
Our ambition is to create the longest lasting play-to-earn NFT game on the polygon network with a lucrative ROI for players
Our ambition is to create the longest lasting play-to-earn NFT game on the Polygon network with a lucrative ROI for players
This is how we're going to make that happen…
1. Matic Monsters has Solved the Longevity Problem for Play-To-Earn NFT Games
The Problem
Play-To-Earn NFT games typically fail when their economies become unsustainable. This usually happens when established players hoard ever-lasting NFTs, and start withdrawing rewards in bulk without contributing anything back. Without enough new players joining, the economy stagnates: All the rewards have been eaten up by whales, with little incentives left for everybody else. This is when game creators tend to panic and impose knee-jerk measures that catch remaining players off guard, damaging trust and making a bad situation worse.
The Solution
Matic Monsters has created a revolutionary mathematical solution to protect the longevity of the game economy and reward players who stick around.
Introducing DAMP, our Omni-Balanced Oracle™. DAMP keeps an eye on the economy and uses a proactive system to help game rewards retain their long-term value. Not only are unclaimed rewards linked to the USD, but DAMP also employs responsive and adjustable taxation to create a sustainable game economy.
When the game economy is healthy, DAMP will lower in-game taxes, allowing current players to reap the rewards. If the game economy stagnates, DAMP will gently raise taxes, incentivizing the value of in-game tokens, and use some of the revenue to boost the marketing budget, attracting more players into the game.
DAMP is not only wise, but also transparent: As a player, you will always be fully informed of the incentives and taxations so you can adjust your playing style accordingly.
2. We invented the Reserve Pool™
Next to our Omni-Balanced Oracle™ System, we introduced another revolutionary concept into our play-to-earn game, called the Reserve Pool™.
Why?
As you probably know, the cryptocurrency market is very volatile. Even if we do an excellent job in all areas and lots of new players keep joining, our game token could be influenced by a sudden medium-length bear market. In other words, if BTC, BNB and other cryptocurrencies keep going down, our $MLT Moonlight token might be impacted and lose a lot of its value due to investor uncertainty. If the downmarket sustains, our rewards pool might drain too quickly, because the rewards are pegged to the dollar. This is why we proactively have implemented a backup mechanism, to provide more security for players, keeping an amount aside in a separate multi-sig wallet in USDT. The Reserve Pool™ is topped up in good times, using an adjustable percentage of the sell tax. The Reserve Pool™ is maintained between a healthy 10% (in good times) and up to up to 30% (in potentially riskier times) of the total Reward Pool amount. Our Reserve Pool™ will not lose value, even if all other cryptocurrencies lose value.
The result
Even if the cryptocurrency market collapses, we will have a substantial amount set aside in USDT, in our Reserve Pool™ Even if our Rewards Pool would drain, it’s not game-over for us yet! After the cryptocurrency market recovers (usually a few days, or a few weeks in worst cases), we can exchange the backed-up USDT from the Reserve Pool™ to save the $MLT token, and relaunch our game! With this system, we feel we have a winning formula for gaming longevity.
Nope, we’re not nuts, just proactive. None of the other games have ever done this, they did not account for ‘bad times’, so most other games were wiped out with the first cryptocurrency cold breeze. Just like a squirrel reserves nuts to survive winter, we reserve USDT in our Reserve Pool™ to survive a cryptocurrency market collapse.
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