Economic sustainability

Economic stability is of paramount importance for the longevity of any Game-Fi project. Every game eventually reaches a plateau of user growth, and at this point, the absence of a proper in-game economy will lead to a detrimental effect due to user attrition.

The economy of the platform will be maintained by:

Attracting a wide audience of users: The game mechanics of MeowSpeed involve trading in social networks. Socialize to Earn is the main gameplay task in which users will share content in social networks with the attached Socialize to Earn. The natural virality of the Socialize to Earn mechanics in combination with a number of influential campaigns will attract many new users to the app.

Social networks are the biggest trend of the blockchain in 2022-2023: Instagram, Twitter and Reddit are integrating native support for NFTs into their platforms. MeowSpeed will be the first blockchain game to be able to use this functionality as a main gameplay mechanic.

Constant addition of new game mechanics and settings: In order to create additional demand for in-game currency (tokens), users will be given the opportunity to upgrade their assets, participate in competitions, or customize their NFT racers and vehicles with various accessories and tuning items.
Adding new apps and mini-games: Users will be able to use earned digital assets in various applications on the platform. This mechanism will provide economic sustainability through demand from existing users and reduce dependence on new participants in the ecosystem.
Grading system: We will introduce many security mechanisms and checks. Our system will penalize users who attempt to use the system for their own purposes, perform social tasks incorrectly, or use fake social media accounts. Conversely, we will promote users who use their real social media accounts with a large audience - these players will bring us more users, therefore, they will earn more.
Revenue stream: In the short term, we plan to create an ad network which will provide revenue to the project. More on that in the next section

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Last updated 1 year ago

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Economic sustainability

The economy of the platform will be maintained by:

Attracting a wide audience of users: The game mechanics of MeowSpeed involve trading in social networks. Socialize to Earn is the main gameplay task in which users will share content in social networks with the attached Socialize to Earn. The natural virality of the Socialize to Earn mechanics in combination with a number of influential campaigns will attract many new users to the app.

Constant addition of new game mechanics and settings: In order to create additional demand for in-game currency (tokens), users will be given the opportunity to upgrade their assets, participate in competitions, or customize their NFT racers and vehicles with various accessories and tuning items.
Adding new apps and mini-games: Users will be able to use earned digital assets in various applications on the platform. This mechanism will provide economic sustainability through demand from existing users and reduce dependence on new participants in the ecosystem.
Grading system: We will introduce many security mechanisms and checks. Our system will penalize users who attempt to use the system for their own purposes, perform social tasks incorrectly, or use fake social media accounts. Conversely, we will promote users who use their real social media accounts with a large audience - these players will bring us more users, therefore, they will earn more.
Revenue stream: In the short term, we plan to create an ad network which will provide revenue to the project. More on that in the next section

PreviousIn-game economy NextRevenue Model

Last updated 1 year ago

Was this helpful?