Chibera - The Economy And Smt's

in chibera •  15 days ago

We’ll be discussing in this post about chibera core economy and potential plans for SMT’S.

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If you’re interested in Chibera

Chibera - The Steem MMORPG


Gold, Silver, and Copper

Gold, silver, and copper will be traditional in-game currency for Chibera. Honestly, it will be the most boring currency you will ever find. It’s the stuff you get in-game while you’re killing monsters, finishing quests, selling junk to vendors etc.

Gold, silver, and copper can also be gained by PvPing. That means by killing other people. Or finishing battlegrounds. And even by participation in arenas.

And lastly, the one unique thing about gold, silver, and copper in Chibera is that you’ll be able to earn it through your professions. Whether you do that by selling swords you made as a blacksmith on the auction house or by getting rent from people who rent out rooms in your castle from you, it’s still yours.

Gold, silver, and copper will be centralized. It will also be unlimited as it will be generated by playing the game. At its core, it will not be a cryptocurrency. Nor will it be an SMT.
The reason for that is simple. We do need a currency that is generated by playing the game. Mobs have to drop something. Quests need to have rewards. And while we realize inflation will certainly happen over time and cause gold to lose its value to a degree, there are ways to combat or make that issue slower, for example, gold sinks.


Cash shop Currency - Working name, Diamonds

cashshop.png

The second currency that will be used to buy stuff from our cash shop. It’s really simple. It the stuff you buy from us to buy shinies. Whether its a mount, a cool skin for your house or just a hairstyle that makes your character look awesome. Nothing that will give you an advantage compared to other players though. We’re not going Pay 2 Win.

The cash shop currency will still be a fairly centralized currency. It will be just as unlimited as gold but instead of being generated by you playing the game, it will be generated by you paying us money. On the other hand, this currency will never suffer from inflation as it will be burned whenever you buy something with it.

We are wondering if our cash shop points could be an SMT. But at this very moment, we cannot tell you. We do not know whether there will be a way to make an unlimited SMT that can be burned with every transaction that isn’t us selling it to the user.


SMT 1

Sm1.png

Our (first) SMT will be used to bridge the gap between in-game currency and the real world. Our primary goal for it is to be used on the auction house to allow our players to buy in-game items with our SMT. You’ll be able to buy all the same items for the SMT as you will be able to buy for gold, silver, and copper.

We also plan to implement a feature that will allow players to trade SMTs for gold, silver, and copper directly. But this will not be us selling those items. This will be a pure free market decision made by the player that feel they can sell their gold while gaining SMTs for it and by the people who prefer to buy it. We do not want to sell gold directly as we feel that could cause the game to become Pay 2 Win. Instead, it will be limited by the number of gold people are willing to grind out and sell.

Yes, our SMT will be an SMT. This we believe to be fairly obvious. At this moment we cannot give you any really specific numbers, like what we plan the supply to be, whether it will be an airdrop, or whether it will be tradable for just Steem or for SBDs for both Steem and SBDs or even for another SMT. All that depends on how exactly SMTs will be implemented by Steem inc.

One thing we do know for sure is that it will have a fixed amount of tokens from the very beginning.

SMT 2

Sm2.png

The second SMT we definitely plan on using will be the one used for the purposes of our community forums. And you can sort of compare it to how Steem and Steem Power works on the current Steem blockchain. You get it for posting content that others like on our community forums. It doesn’t matter whether you’re just posting about a cool vista you found a video of a particularly cool kill you got on that pesky mage or giant guide on how to finish that one long quest chain everybody has been having trouble with. As long as people like your content, you’ll get some tokens.

Yes, our SMT will be an SMT. This we believe to be fairly obvious. At this moment we cannot give you any really specific numbers, like what we plan the supply to be, how many tokens will be created when we launch the SMT, whether it will be an airdrop, or whether it will be tradable for just Steem or for SBDs for both Steem and SBDs or even for another SMT. All that depends on how exactly SMTs will be implemented by Steem inc.

This token will differ from SMT 1 in two significant ways.

  1. This token will be generated on an ongoing basis similar to how Steem is currently being generated. Users will be getting their tokens
  2. Because the token will be used to reward content creation and curation, it will be a staked token.

Disclaimer!

All the stuff we wrote can and will likely be changed to a certain degree as we find out more information about the SMT implementation by Steem inc. This will allow us to find out how well SMTs test during alpha and beta testing.

We're currently considering using SMTs for stuff we haven’t discussed here as well. But those ideas aren’t flushed out enough to be presented to the public yet. We want to show that we do have clear ideas on how to use SMTs and how to implement them without turning the game Pay 2 Win, making it over-complicated for players or just having the SMTs interfere with the game being fun.


How to help chibera out

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Delegation contribution post

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Contact us on our social media accounts or discord!

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do you think SMT's will play a big role in bringing up the value of steem? crazy people are calling $100...even $1000....but do you think $10 is a realistic price steem can hit?

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Honestly, we think Steem is undervalued as it is. There's a huge marketing problem in the community that is slowly being addressed with the people not being able to get accounts before they just don't care.

Smt's can have a huge impact depending on the uses they bring. E-commerce functions like we plan to use them can have huge impacts on price.

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personally I have only been able to get 2 people to sign up, one will eventually start investing into steem power with his play money

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I 100% agree with this reply..

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I agree, STEEM is undervalued in its current state. There's far more development going on here than on any other blockchain (in my opinion) and the development is all on a blockchain that has proven itself durable, efficient and scalable for the past 2+ years - which is far more than can be said about any other blockchain.

SMTs provide an interesting outlook for the blockchain. I believe that SMTs will serve to drive far more value to the Steem ecosystem as a whole by the sheer fact that it will fragmentize the Steem blockchain into a large collective of small, tight-knit communities which will each try to drive value to their own community. All these small, micro communities working on their own community will serve to drive value to the blockchain in a macro sense. I just wrote about all this and how the current economics will be solved and will provide a lot more prosperity for everyone on this blockchain when SMTs are released.

As far as speculating on the price - it can be really hard to say. When you factor in the total supply of STEEM and the current market cap and compare it to the top 10 coins with very high valuations and very low fundamental technological development - you can see that many of these projects are overvalued, especially compared to STEEM. The Steem blockchain is moving in the right direction as it has all the technological and community developments needed to create a wide network effect. As you said, @ssjasha, you've gotten 2 people to sign up.. Now imagine if everyone on the blockchain gets 2 people to sign up and then each of those people get 2 people to sign up and so on and so forth. All these people joining the blockchain and even buying $15 worth of STEEM would drive the price up signifcantly when you factor in the total supply!!! It's just a waiting game in my opinion ;)

thats awesome, i love the idea of auction house with smt. So Gamer can earn some money for playing the game.

I hope the game will be this awesome i believe.

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OMG, yes thats amazing, thaks @chibera
=)

I hope your efforts will be rewarded in the end, wish you best of luck boyz. Will keep an eye on your project. Cheers

Thanks for the clarification @chibera!
As you might remember I recently asked you a question about how you plan to implement SMT's into your game, and it seems you guys have really put some thought into this! 😎

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A lot of time has been put in it.

SMT's will indirectly help people to reach steem which in turn can help steem grow...but that being said it needs its own time and may not happen immediately

A lot of works and test is needed. Don't worry, you need to be patient after that everything will be okay.

The unlimited generating gold, silver and copper coin is the best part.
Good luck and effective post.
@chibera
☺️☺️☺️☺️☺️☺️☺️☺️👏👏👏👏👏👏

You might want to edit this duplication. Interesting idea got 100% upvote from me. Roll on SMT's

Yes, our SMT will be an SMT. This we believe to be fairly obvious. At this moment we cannot give you any really specific numbers, like what we plan the supply to be, how many tokens will be created when we launch the SMT, whether it will be an airdrop, or whether it will be tradable for just Steem or for SBDs for both Steem and SBDs or even for another SMT. All that depends on how exactly SMTs will be implemented by Steem inc.

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What duplication? the smt1 and smt2 are different only part of that text is copy paste.

I'm a big fun of RPG games and the project that you launch sounds and looks BRILLIANT !! I hope that i will have the pleasure to play it soon. Keep the good work well done.

When is Chibera expected to drop?!

Posted using Partiko iOS

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Alpha is coming soon if we have any delays there will be a post.

Great plans for the community forums.

This post is exceptionally great i key to it chibera but like one of the participants comment, he said and i code there is a huge marketing problem which this community is facing and adequate measures needs to be taking as fast as possible. You have done well for your contributions

This is a much detailed one from what we were chatting about in Discord a few days ago.... Sounds really complex but at the same time superb coz a lot of thought has gone into this which I know must have been painstaking.

Really looking forward to see the game by Christmas :D

All the best @chibera team!

I wanna know what Chibera project is!

Really interesting 🤣

Fantastic! Some economic information is very welcome!

I have been speculating and chatting in the awesome discord community and was expecting that there would be multiple currencies - I never expected to read about four independent currencies!

I love economics and this aspect is surely the one thing that is going to make Chibera the most unique - keep up the hard work team :)

Sounds interesting, I'm onboard! :)
Wishing you luck and full support!

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nice, upvoted

Thats nice

Thanks for great info lad

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Sir, this post is very beautiful and intrasting and thank you for sharing it.

Excelent!!

i like the idea and the premise but why not just figure out how to do it all on steem to build this platform in steem dollars if you would to strengthen the numbers ......hmm lets roll

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Not sure what you mean.

Nice Post

But most importantly: how do I make money?

You got a 91.51% upvote from @booster courtesy of @chibera!

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This post is very informative

Buenos dias, soy nuevo en la plataforma y cada dia descubro nuevas cosas para hacer aqui, me parece muy importante y llamativo lo que muestras en tu post, quiero empaparme mas del tema para poder interactuar mas con ustedes, la verdad apenas estoy comenzando pero me llama mucho la atencion poder ganar dinero interactuar y conocer gente a traves de la internet.

excellent post,Thanks for great info

Chibera.Com

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source
Nice
Concept Designs CHIBERA
And More Nice Things!
U Gys Should Visit The
Website
Very Helpfull Website
U Can Earn SBD
There Was A Vidio If U Wanna See


Very Helpfull Vidio)!
Want To Read More Go To There Website

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Interesting post as usual. Thanks for sharing.

You got a 96.07% upvote from @emperorofnaps courtesy of @chibera!

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Super post sir

Good points. Thanks for the updates.

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This post is exceptionally

Señor, este post es muy hermoso e intrasante y gracias por compartirlo.

I love the direction this is heading. Everyone please keep up the good work!

Hello! @chibera I am new to this platform, but what they propose for their game is quite interesting. By the way, a game in the blockchain chain makes them quite advanced, since this is the stage to follow in the evolutionary process: the blockchain era.

We’re not going Pay 2 Win.

Excelente post!

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Good work I wish more such topics.

follow me.

Great effort and don't worry you need to be patient and I hope your all efforts will be rewarded soon.best of luck.

I am 100% into Steem.
Steem Power On!

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This is a very good and informative post. Some people are signing up. 😀😀😀

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Compredo

interesting information
check out mine also

If you flow me ,I will flow you.

Great update. Thanks for sharing!

This post has received a 90.37 % upvote from @boomerang.

This is such a great text.

this is amazing i hope this will work.....

than for very good idea

Interesting looking project and not one but two SMTs!

David Jefferys | Business Development | Steemit, Inc.
LinkedIn Profile

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Could be more, just depends how things go in alpha

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Excellent initiative I will be waiting for more information about this interesting project. I wish you much success

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Excellent Post, !100% informational