NFT Stacking Game - Wealth War

[GENERAL] Name and surname of main applicant

Probst Werner-John, Grandjean Aurélien

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Individual

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

To enhance blockchain adoption and enrich the Cardano ecosystem, we propose introducing a range of engaging NFT staking functions and interactive games.

Please refer to Gitbook for project details

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

No, we plan to develop a finite staking system; we are ready to receive community feedback, but the project has no reason to be open-source.

[SOLUTION] Please describe your proposed solution

For more information about our project and designs, please refer to our GitBook.

Lore: Goblins are cunning creatures living in seclusion in a village near the God’s forest. They covet what the Gods possess: a peaceful life, a sense of community, respect, and most importantly, their riches. Over the years, the Gods have amassed vast amounts of gold, converting it into $DIME to trade with humans. For the Goblins, riches equate to power.

Goblin Specifications:

- Goblins have a 90% chance of being minted.

- When staked, goblins embark on quests for $DIME.

- Goblins can only be unstaked after 48 hours.

- Goblins earn 0.1 $DIME for every 60 minutes staked, with rewards accruing in real-time.

- A 20% tax is paid to the God's Pool when a goblin claims and withdraws $DIME (e.g., withdrawing 25 $DIME results in receiving 20 $DIME).

- Goblins cannot be unstaked within 60 hours of claiming $DIME due to fear of retaliation from the gods.

- New goblins can be minted with $DIME, with a 90% chance of success.

- There is a 25% chance that a goblin will be killed when a player attempts to unstake. Beware, the gods are powerful and will not hesitate to use violence.

God Specifications:

- Gods have a 10% chance of being minted.

- When staked, gods patrol God Island, guarding their precious $DIME.

- Gods receive 20% of the $DIME claimed by goblins as tribute (e.g., when a goblin claims $DIME, 20% of the amount is distributed among staked gods).

- There is a 25% chance that a Goblin will be taken by a staked God when a player withdraws it. The stolen Goblin is randomly assigned to a staked God’s wallet.

- New gods can be minted with $DIME, with a 10% chance of success.

- Gods can only be unstaked after 48 hours.

- Gods can claim $DIME at any time and can unstake without any cooldown period. They own the island and make their own rules.

Mint Details & Tokenomics

Our project begins with a total supply of 2,500 NFTs. Out of these, 2,000 are available for the public to mint at a specified price in ADA. The remaining 500 NFTs are allocated as follows: 290 to the Core Team (these will be staked, and any $DIME earned will be used to mint new Goblins or Gods and then re-staked, never to be listed or sold) and 210 for marketing, operations, and collaborations. Each NFT has a 90% chance of revealing a Goblin and a 10% chance of revealing a God.

Once the initial 2,500 NFTs are minted, additional Goblins and Gods can only be minted using $DIME. Players can stake their Goblins and Gods to earn $DIME once the initial supply is exhausted.

$DIME Mint Details 

For up to 5,000 total mints, the price of $DIME follows a linear bonding curve. Beyond this, a dynamic Dutch auction pricing model is employed, adjusting based on historical pricing and demand. This ensures that the cost to mint new NFTs aligns with current market conditions.

Cost to Mint Based on Supply:

- 0 to 2,500: 60 ADA

- 2,501 to 2,750: 20 $DIME

- 2,751 to 3,000: 24 $DIME

- 3,001 to 3,250: 28 $DIME

- 3,251 to 3,500: 32 $DIME

- 3,501 to 3,750: 36 $DIME

- 3,751 to 4,000: 40 $DIME

- 4,001 to 4,250: 44 $DIME

- 4,251 to 4,500: 48 $DIME

- 4,501 to 4,750: 52 $DIME

- 4,751 to 5,000: 56 $DIME

- 5,001 to 100,000: 60 $DIME, with dynamic Dutch auction pricing

Dynamic Dutch Auction Pricing Model (DDAP)

The DDAP model that we create adjusts the mint price of new NFTs based on market demand. This model helps stabilize the supply and demand of NFTs and $DIME, allowing for market-responsive pricing. Here it how it works: 

1. Calculate the percentage change in mints: (Last 24-hour mints / Last 120-hour mints) / 5.

2. Adjust the next day's $DIME mint price: Previous day's price x Percentage change in mints.

3. The daily percentage change is capped at 5%.

4. The DDAP starts at a minimum floor of 60 $DIME, increasing by 1 $DIME every 24 hours.

Cardano Integration 

Wealth War (WW) is designed to mint via bonding curve. The idea is to monetize the yield on deposits while aligning incentives among the different stakeholders. 

Wealth War will be proudly built by the community, for the community.

$DIME will not be a tax token.

In line with Cardano vision, Wealth War main metrics is ADA TVL while also creating a fun game for players to stay engaged.

We plan to integrate an XP Leaderboard to be transparent on how to distribute rewards to our community.

Future of Wealth War

As of Phase 2, bonding God’s, upgrading God’s will be the most rewarding, followed by Staking Gobelins and God’s.

Phase 3 is still under reflexion.

Example V1

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Our proposed solution is designed to revitalize the Cardano network, particularly focusing on ADA, by introducing interactive NFT games. At the core of our strategy is a staking game that builds on our strong community base, leveraging our established Discord's channels.

This arrangement allows users to participate in a novel NFT Stacking format, where they can engage in staking and speculation, aiming to significantly boost engagement. We are also integrating a system that similar to gambling (but is not), providing players with near real-time rewards. This feature is designed to increase excitement and participation by offering immediate gratification and incentives, enhancing the gaming experience and encouraging continuous interaction within the platform.

This initiative not only fosters a dynamic and active community within the Cardano ecosystem but also increases Cardano’s competitiveness against other blockchains by elevating activity on its NFT trading platforms. By engaging users with this innovative model and real-time rewards, we aim to attract more users and transactions to Cardano. This increased activity will not only rejuvenate the Cardano ecosystem but also enhance its standing in the marketplace, making its platforms more dynamic and attractive to both new and existing users.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

For the global Cardano community, it is crucial that blockchain technology not only continues to be utilized but also remains a topic of discussion and retains its allure.

We are convinced that developing a game represents an effective strategy for attracting new users and drawing attention to other existing projects within the ecosystem.

Marketing

We believe that games can be promoted more effortlessly than other types of projects. Additionally, since players are already familiar with platforms like Discord and Twitter, it becomes simpler to foster a community and engagement around our project. Finally, we already have a discord community with several thousand users to which we could promote our game.

Our game will introduce newcomers to the efficiency and cost-effectiveness of the Cardano blockchain.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

The core team has a background in finance and computer science (University of Geneva (UNIGE) and Ecole Polytechnique Fédérale de Lausanne (EPFL)). In fact, we're going to hire EPFL students to co-develop the project, which will bring bright new developers from one of the world's top engineering schools into the Cardano ecosystem.

We'll be working at decentralhouse Geneva ( https://decentral.house/ innovation centre to promote Cardano to the Geneva entrepreneurs and support them with proposing impactful and meaningful (development) projects on Catalyst), where we'll be able to get help with the interactions and contracts with the Cardano blockchain.

We've chosen to do a project that doesn't require too much infrastructure, because we believe that very large projects take a lot of time to implement, and that smaller projects help to promote the ecosystem more effectively.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Objective: Create a detailed draft of the concept, including the mechanics, community building, and complete team assembly.

Output 1.1 : Release of the final version of the game lord (on our Gitbook)

Output 1.2 : Creation of the Twitter and discord chat groupe (links will be added on our Gitbook/links)

Output 1.3 : Complete team assembly (Team member presentation on Gitbook/links) Deadline: One month from the project's initiation (mid-July)

Objective: Prepare a prototype item for the NFT collection, conduct alpha-testing, build the community, and announce the launch date.

Output 2.1 : All the visual features created for the NFT collection (on the Gitbook/cosmetics)

Output 2.2 : ADA contract writing completed (To mint, stack, claim)

Output 2.3 : Dapp construction completed (links will be added on our Gitbook/links)

Output 2.4 : Conduct alpha-testing

Output 2.5 : Announce the official launch date

Output 2.6 : Community of several thousand across Twitter and disord thanks to our own discord community (links will be added on our Gitbook/links)

Deadline: Two and a half months from the project launch. (end of August)

Objective: Conduct beta-testing, leverage the community at launch, announce the whitelist, and begin developing Version 2 with new ideas and mechanics. Assuming the project has already launched and sold the first 2500NFT, we should also start the $DIME contract.

Output 3.1 : Conduct Beta-testing

Output 3.2 : Announce of the whiteliste (twitter & disord)

Output 3.3 : Official launch

Output 3.4 : Sale of the first 2500 NFT completed

Output 3.5 : Launch of the sales with $Dime

Deadline: three and a half months after project launch. (End of September)

Additionally, we plan to launch War Wealth after the summer holydays, as activity tends to be lower during this period.

Objective: Achieve full minting of all 5,001 NFTs within one month of intense activity (best case scenario). Following the minting, initiate a Dutch auction to capitalize on the heightened excitement, facilitating massive exchanges of the NFTs on platforms like jpegstore, ADA NFT, or other relevant platforms.

Output 4.1 : Sale of the first 5000 NFT completed

Output 4.2 : Initiation of the Dutch auction dynamic pricing model

Output 4.3 : Announce of the V2’s features

[RESOURCES] Who is in the project team and what are their roles?

Werner-John Probst (LinkedIn: https://www.linkedin.com/in/werner-john-probst-60b86322a/)

Is a student at the University of Geneva studying International Relations. Alongside his studies, he has been working in commodities trading at Arab Bank for over a year. Arab Bank is a notable institution in Switzerland, particularly recognized for its involvement in Web3, organizing numerous cryptocurrency events, and financing NFT collections across Europe. Werner-John also served as the president of the Geneva University Investment Club, where he led about 60 students in weekly sessions focused on finance, investment, guest speakers, and blockchain expertise.

Since his foray into the cryptocurrency sector in late 2017, Werner-John has developed a comprehensive understanding of the ecosystem. His experience underscores the critical importance of developing real-world applications to facilitate widespread adoption of blockchain technology.

Aurélien Grandjean is currently pursuing a second bachelor's degree in computer science at EPFL (first bachelor's degree in economics at the University of Geneva). He began showing interest in and investing in cryptocurrencies as early as 2017, which over the years has allowed him to become familiar with a significant number of projects and to observe the evolution of the crypto sphere. He would now like to contribute to the development of blockchain and cryptocurrencies.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Ressources envisaged:

• Specification development: 17'000 ADA
• Documents and reports: 5'000 ADA
• Deployment and hosting cost: 3'000 ADA
• Marketing: 5'000 ADA
• Desk at Decentral House: 5'000 ADA
• Total: 35'000 ADA

We also aim to secure a desk at the Decentral House, which costs $500 per month (x2), to immerse ourselves in the Web3 community and receive direct advice from Storm Partners.

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The number of active addresses on the Cardano network has significantly decreased since its peak in early 2022. Our project has the potential to spark a revival in activity and interest within the blockchain, thereby rejuvenating the entire ecosystem.

Additionally, our involvement would attract highly skilled developers to the ecosystem, who could then contribute to the development of other projects.

Our game is designed to enable a high volume of interactions with the network, potentially several hundred or even thousands daily, through activities like minting, staking, and retrieving $DIME. This increased activity could also boost the Cardano NFT sales platforms, which currently capture only a small market share.

Given these factors, we believe our funding request is modest in comparison to the significant value we aim to add to the Cardano ecosystem.