Meta city - A gaming platform on Citizen Finance to sell the in-game assets on Marketplace

anitarossa (28)in #citizenfinance • 3 years ago (edited)

Citizen Finance: Meta City as a First-person shooter game will provide support for 100% ownership of in-game assets. The platform will allow players to withdraw and sell their in-game assets on the secondary marketplace, gift it out to friends, stake it on a decentralized pool to earn Ciphi token or use it as collateral on lending protocol.

The background

In-game assets has been one of the top revenue bases of video gaming companies as most games have adopted the Free-to-Play model with high demands for in-game assets. According to Forbes out of Fortnite $2.4 billion of revenue, over one billion was generated through the sale of in-game items. Gamers are spending billions of dollars yearly to purchase in-game assets with little or no real ownership right over them.

About Meta City

Meta City is portrayed as a rich city with 14 districts. The City is rich in many minerals but the most precious is Ciphi, a metal that fuels the city's technological advancement. Ciphi was discovered by Nikron Ovan the founder of Meta City Company (MCC), a company that controls 70% of Ciphi mining operations in the city.

Gameplay

Players take on the role of Harry Lam, a professional military contractor employed by MCC to rescue their trapped workers in the Blockdown district. The player will have to battle the Nunakai, rescue the workers and obtain information regarding the invaders and what they want with Ciphi. Upon his death, the company was passed to his only daughter Natalia Ovan with the guidance of the 14 (rich and powerful individuals and shareholders of MCC)

The player gradually builds up own bunker and try to survive in a post-apocalyptic region that has been overrun by aliens.

In-Game Assets

Every in-game asset in Meta City is a unique non-fungible token. In-game assets are NFTs that are stored on the Binance smart chain which gives players full ownership. Players will be able to use them as in-game assets to play the action-packed game, trade them on the secondary market, staked them on NFT reward pools or use them as collateral to borrow other tokens.

Skin as a Virtual Commodity (SaaVC)

Weapon skins will also be represented as a non-fungible token. Since the introduction of weapon skin as a virtual commodity to traditional gaming, the market has continued to grow rapidly running into billions of dollars in market cap. Citizen Finance will also be introducing Skins as a virtual commodity into its economic model. Players will not just be able to purchase weapon skin from the primary market, they will also be able to create their own weapon skin and trade using the secondary market.

Attributes

The most important attributes of in-game assets are its DamagingPowa, Face Value, and Rarity. The DamagingPowa is the strength of the asset, Face Value is the amount of token the owner will obtain after liquidation while the Rarity is the rareness of the asset.

Rarity

There are 6 basic Rarity which each in-game assets possess: Common, Rare, Epic, Elite, Legendary, and God. Each Rarity possesses unique damaging power and value in the game. Good weapons are rare, players will have to try harder to obtain them.

What is Ciphi?

Ciphi is the native token of Citizen Finance platform, the token is minted through NFT staking and Liquidity mining. Users can utilize the Ciphi token to purchase NFTs from the secondary marketplace, use them as fees to launch their skin proposal, deployment fee for Cifipowa, stake Ciphi to earn liquidity reward and also use for lending protocol.

Specification

● Name: CIPHI

● Symbol: CIFI

● Network: Binance Smart Chain

● Decimal: 18

● Type: Utility and Governance

● Supply: 500,000

Distribution

● Mining (75.875%): 379,375

● Sales IDO (10): 50,000

● Liquidity(3.125%): 15,625

● Team (10%): 50,000

● Airdrop & Bounty (1%): 5000

Citizen Finance's introduction of NFTs for in-game assets is mainly to promote true ownership of in-game assets and enable players to legally exchange assets between one and another. There will be several guidelines in which artists need to follow when developing weapon skin for the public to avoid harmful content.

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