ABestClub | Economic Model

 

This is the Economic Model in current, and we’re going to update when they have changes.

What is an Oracle?

The Oracles are beings and places that can give prophecies in Greek mythology.Oracles were thought to be portals through which the gods spoke directly to people. All heroes and items have an oracle values, and was also known as the Oracle of Gaia.

What is the role of the oracle?

As a simple example. Suppose you are the first player and you spend $68 to draw a hero. This hero currently has an Oracle value of 100% and has a base value of $68. When a second player joins the game and contributes to the overall economy, your $68 hero’s oracle value may change to 101%. This means you don’t have to do anything and your hero is already worth $68.68 ($68 * 1.01).

Why are all GameFi games on the market crashing so quickly?

You will find all GameFi games on the market after a while, the tokens keep falling until they are gone and only the early players will get their costs back.

Basically all GameFi games mimic Axie’s use of a dual coin model, which is the act of tinkering and simply shifting the dumping pressure from the main token to the child tokens.

There are also many GameFi games that assign durability to NFTs to prevent players from using them all the time and causing the money pool to keep dwindling. This is the right way, but all projects make a serious mistake, they simply give different durability to NFT of different rarity, the same rarity but the durability between different attributes is the same, inaccurate values will eventually cause a crash.

How are we addressing inflation?

Our Gaia-based economic AI system will model and analyze GameFi in real time dynamically to derive a dynamic economic index, which we will call the “Oracle.” All in-game NFT births are assigned the oracle value: 100%.

As the Gaia index changes dynamically, the oracle value of each NFT changes accordingly.

At this point, you can tell that the oracle value imparts gaming and basic value to all items.

#NFTs #Metaverse #GameFi #Play2Earn #ABestClub #MetaRunes #NewYear #NewYear2023 #HappyNewYear

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