Tokenomics

Building a robust tokenomics strategy for the Incaverse involves creating a balanced and sustainable ecosystem that incentivizes player engagement, rewards activities, and leverages blockchain technology for in-game assets and play-to-earn opportunities. Here’s a detailed strategy considering the three different protocols:

1. Offchain IncaPoints System

• Daily Rewards and Tasks: Implement an offchain points system where players earn points for daily activities, completing tasks, and participating in events.

• Points Usage: Points can be used to purchase in-game items, upgrade equipment, and unlock special features.

• Points Conversion: Allow players to convert their points to the ERC20 token, providing a bridge between offchain and onchain economies.

2. NFTs to Represent In-Game Assets

• Unique Assets: Mint NFTs to represent unique in-game assets such as tools, weapons, armor, land plots, and rare collectibles.

• Ownership and Trade: Players can buy, sell, and trade NFTs in a decentralized marketplace. These assets can be used in the game or held for their intrinsic value.

• Integration: Ensure that the NFTs have functional uses in the game, such as boosting abilities, providing access to exclusive areas, or enhancing gameplay.

3. ERC20 Token for Play-to-Earn

• Token Earning: Players earn ERC20 tokens by converting their offchain points, completing high-value tasks, winning competitions, and participating in special events.

• Utility and Governance: The ERC20 token can be used for in-game purchases, staking for rewards, and participating in game governance through voting mechanisms.

• Stability and Value: Ensure the token has a stable value by controlling supply through mechanisms like token burns, staking rewards, and in-game sinks.

Tokenomics Flow

1. Earning IncaPoints (Offchain)

   • Players perform daily activities and complete tasks to earn IncaPoints (IP).

   • Activities include quests, resource gathering, construction, and social interactions.

2. Converting Points to IncaTokens

   • Players can convert a certain amount of IncaPoints (IP) to IncaCoins (INC), the ERC20 token.

   • Conversion rates can be adjusted to control inflation and maintain token value.

3. Using ERC20 Tokens

   • In-Game Purchases: Buy NFTs representing in-game assets like land, tools, and special items.

   • Staking: Stake IncaCoins (INC) to earn rewards, gain voting rights, and participate in governance.

   • Marketplace: Trade NFTs and other assets in a decentralized marketplace using IncaCoins (INC).

4. NFT Utilization

   • Functional Use: NFTs provide in-game benefits, such as improved abilities, exclusive access, and visual customization.

   • Trading and Ownership: Players can trade NFTs in the marketplace, with transactions recorded on the blockchain.

5. Play-to-Earn Mechanics

   • High-Value Tasks: Complete special missions and challenges to earn IncaCoins (INC) directly.

   • Competitions and Events: Participate in tournaments and events with IncaCoin (INC) prizes.

   • Daily Conversions: We will regularly convert IncaPoints (IP) to IncaCoins (INC) to maintain a steady play-to-earn flow.