The explainer video says, “The virtuous circle of play-and-earn-and-pay is based on the idea that gamers should be able to not only earn through gameplay but also pay with what they have earned.” This will help them play better and earn even more. REFLECT is made to finish that cycle from the ground up. One must also be able to spend the money won. It’s not enough to just play games and win money. With this in mind, Wemade has put together a portfolio of dozens of games, each with its own features, formats, and economy that can be combined with those of other games in the portfolio.Īlso, the whole point of REFLECT is to give back to WEMIX’s P&E community. The games themselves must be appealing, both in terms of how fun they are to play and how many different kinds there are.
Of course, tokenomics is not the only thing that goes into making a successful gaming platform. The team thinks it’s very important for players to have access to real-time conversion rates that are laid out in a library table so that they can be easily filtered, sorted, and compared. Even though no one can be perfect, WEMIX Play does a good job of collecting and sharing information about the in-game currencies.
#Justplay coin value full#
The efficient market hypothesis says that for a currency exchange to work well, both the buyer and the seller must have full access to all relevant information.
With its own mainnet, WEMIX3.0, it will become the most useful, stable, and scalable coin.” “WEMIX has already shown that it can work with coins as the main currency in games. “Today, all cryptocurrencies are facing a question called the “utility test,” which asks where and how they can be used. Instead, it uses incentives instead of strict time commitments. Wemade, on the other hand, does not require a lockup period. The platform also has a stake option that lets WEMIX token holders earn REFLECT tokens in addition to WEMIX token rewards. The result, REFLECT, is basically a market basket of the different in-game currencies in the style of an ETF. In the same way, heritage would not only increase return on investment but also help people in the community because each IMO would be like another airdrop for people who already own REFLECT. “Since heritage is the idea of leaving something for those who will follow in your footsteps in the future, this is a model that lets people in a community have a positive effect on other people in the community,” says the explainer video. The way I talked about heritage above may sound like a new way to talk about transaction fees, but the Wemade team sees it differently. “The unique tokenomics design of REFLECT, with key features like fusion and fission, fusion ratio, heritage, and IMO, is based on our experience developing and maintaining WEMIX, the world’s first and largest blockchain gaming platform, and is completely original,” they said. A Wemade spokesperson said that the ratio for both “fusion” and “fission,” which is increased by 5 percent heritage accrual, makes REFLECT’s market value grow in a natural way. “When users use fission to redeem game tokens, they leave 5 percent of their redeemable game tokens behind as heritage. “Heritage,” as the team has called it, is another important part of WEMIX Play’s tokenomics. During its IMO, a new game that joins REFLECT adds its tokens to the pool of tokens from other games, which helps REFLECT holders. Wemade has a detailed explainer video that talks about things like the “fusion ratio” and how the different parts of REFLECT work together.īlockchain games start to take part as REFLECT parts when they offer their first membership. The process of taking apart a REFLECT token so that it can be used in a game is called “fission.” Nuclear codeĪnd just like fusion and fission in nuclei are not that simple, neither are fusion and fission in token economies.
REFLECT is made through a process called “fusion,” because it is made by combining different game economic units. In the end, the native WEMIX utility token is what powers the whole blockchain.
Participants can turn these into REFLECT tokens and trade them with each other. The individual game pieces are at the bottom. When WEMIX3.0’s testnet goes live in July, it will use a new, hierarchical way of thinking about tokenomics. The team chose the name REFLECT for this token because this new idea is meant to make players think about the value of the WEMIX Play ecosystem as a whole. But the South Korean game company Wemade may have found a way to do it by combining all of the in-game currencies into one fake token. One of the hardest things about starting a play-to-earn gaming business is getting people to care more about the platform than about a single game. A big problem may have been solved for a project in Korea.
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