Metaelfland x IM community AMA RECAP
🐋TELEGRAM AMA: Im Community & Metaelfland 🐋
⏰ AMA Timing : 23th May 2022 l 07:00 AM UTC
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
➡️ The reward pool for the best 5 questions from Telegram is $50($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Metaelfland.
Bà Tân | : Today our guest is: @Nekozb from Metaelfland.
Ahrix : Welcome @Nekozb to the IM community.
Neko ZB : Before the first, please introduce yourself a little bit: @Nekozb ���
Neko ZB : hello everyone！ im nekozb
Neko ZB : I’m the propaganda team of Metaelfland
Neko ZB : I’m glad to be able to do AMA today
Neko ZB : Let’s start
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1528415168895778816) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Bà Tân | : Q1：Now there are so many GameFi projects popping up across the world, as one of them, why does your team dedicate to build MetaElfLand? Would you please tell us a bit about your vision？
Neko ZB : MetaElfLand, following the way of AXIE, hopes to lead the further development of GameFi & Play to Earn(P2E), and becomes the mark of new fashion in the NFT game. With its built-in P2E mechanism, the game makes players’ interactions much long lasting. Moreover, through the IDO platform, with players together we expand the Pet Metaverse project , which is our focus of further development.
Similar to Pokemon, MetaElfLand is a Turn Based Real-time Gaming on Chain. Players can buy or breed a variety of MetaElves, and by forming teams, players complete the game’s daily tasks, PVE, and PVP to get more rewards.
In the challenging TMT E-Sports Arena, players compete through tactics and strategy. The first prize winner can get 80% of the grand prize pool. Generally speaking this sport arena is fair for each player, as players can only use the universal Elves provided by the game, to compete fairly through strategy.
Through such exciting gaming, plus this jackpot effect, we expect MetaElfLand continuously attracts more players to join the game.TP wallet and metamask are now supported。We won’t make our own wallets
Bà Tân | : Q2：There are lots of GameFi in the market. How is the gaming design of MetaElfLand? And, comparing to project competitor, like DNA CAT and other GameFi, what are the competitive advantages or outstanding features of MetaElfLand?
Neko ZB : 1• Play to Earn, as the basic of a GameFi
We believe the demand of the GameFi market is generally P2E, so we value the economics of the game. A sound economic system, can support the depth of the game experience, and will not easily fluctuate and collapse. The prices of tokens and NFT are the face value of MetaElfLand. So, thanks to the great contributions of Iris, our professional actuary(The Top Scorer in the College Entrance Examination in 2004), we customized a unique economic system, as a solution to develop a sustainable relationship between the three. In the long run, this will make the project attractive to both new and old players.
Because its economy is intuitive to the value of the player’s assets and the return on their output. We are more optimistic about the long-term goals and the way forward for long-term sustainable development.‘
Secondly, we think that the most important thing in the economic system is trading, so that players can interact with each other in a benign and friendly way, rather than just playing alone. In order to perfect the economic system, we spent a lot of time and energy in advance to implemented it.
After satisfying this most basic of market needs, namely P2E, we want to let each player have more fun and an exciting surprise experience every week. Therefore, we have developed the TMT E-sports arena.
We believe E-Sports is undeveloped treasure in the market which has many potentials in growing players in long run. Take a game with a $100,000 prize pool for example, players have to buy tokens of equal value to get the tickets in order to enter the match.
Bà Tân | : Q3:To improve economic sustainability, MetaElfLand has a number of initiatives specifically designed to address the hyperinflation between NFT and tokens. Can you name a few?
Neko ZB : Thanks to the valuable experience learnt from Axie & other games on chain . We found out that no matter how graphic, entertaining, and interactive a project is, without the proper design of the economic system, they will be bound to fail. Therefore our team have done so many research in advance before the development of ‘MetaElfLand’. In terms of Economic Model, we mainly focus on the following points:
1) Proper NFT Replacement Mechanism, NFT/MetaElf Evolution and Breeding, Burning Part of NFT/MetaElf after Evolution.
2) Proper Repurchase Mechanism of Utility Token & Governance Token.
3) Controllable Production & Consumption Mechanism.
4) Extended use cases for NFT (Ex: Elf Land Feature, Tipping Function in MetaSoft Social Media Platform & Pet Metaverse)
5) Proper GameFi Surrounding Support Mechanism (Implemented Through IDO Platform)
In addition, in order to maintain an in-game sustainable economic model, we will adopt advanced mechanisms such as but not limited to the following:
1. MetaElf Health Mechanism
2. MetaElf Stamina Mechanism
3. NFT Burning / NFT Replacement Mechanism
4. Breeding Limitations
5. Gene Level System
6. Dynamic Consumption & Production Formula
7. Token’s Transaction Fee Burning Mechanism
8. Token’s Buyback Mechanism
9. Mining Pool Liquidity Increase through adding Tokens from Part of the Buyback
10. NFT Leasing Mechanism (it will be available at second stage)
11. Pet Metaverse — Extension of NFT use case (it will be available at second stage)
12. Actively Seek for NFT Sponsor from Other Game. (Provide more benefit to MetaElfland’s players)
13. NFT Profit Rights Mechanism (They are released on the early stage. Just go and take a look, if you’re interested)
Bà Tân | : Q4: Is MetaElfLand’s security system well mature? I know of similar games have loopholes. Hackers, through plug-in cheating programs or script, excavate a lot of tokens, and paralyze the game. How do we stop these from happening?
Neko ZB : Once a game becomes popular, plug-in cheating programs or script are unavoidable, and that shall not be ignored.
For script players, we’ve put a number of restrictions to keep them from continuously excavating tokens.
1. Measures to reduce players’ behavior of keeping excavating from the same copy
Some players just need to randomly look for a map, and keep excavating from it to get revenue. This results in a negative impact on the economic. Therefore, MetaElfLand will make certain restrictions on these players. They need to keep up with their Elves’ level and explore more follow-up maps, otherwise, their revenue will keep going down.
2. Strategic Breakthrough
Players need to carry out a certain strategy or team collocation, to break through the barrier of the boss, or evolve MetaElf to make it.
3. MetaElf’s Health
Because of the NFT mechanism, players can transfer money freely between the main and second accounts. As a result, the health value of the MetaElf is reduced with each transfer. When the health value of the MetaElf is 0, it cannot fight in the battle. Health values can be supplemented through purchase in the market.
And fighting in the battle will also reduce a certain amount of health value. Players need to go to the market to buy probs and restore it.
Prevent the players from playing “single-game”, who do not help growing the market transactions. Even script players can contribute a little bit for the transactions of the market.
4. NFT transfer restrictions
After a NFT is purchased or sent out as a gift, there is a cooldown period that prevents players from using one NFT in multiple accounts in a single day, which is extremely unfair to the other players.
So, once a NFT is brought or given away , it can be used again in the game only after the daily refresh point.
5. Energy/Stamina of player account
Players have a certain amount of Energy/Stamina value, to complete the daily task and output. But it is not unlimited for player, and can be refreshed every day. Or once it runs out, players can go to the market to purchase probs for recovery.
6. An experienced game production team
The team has a wealth of experience and regularly updates the game to fix bugs or block attacks from hackers. Illegal accounts will be manually censored and blocked.
Bà Tân | : Q5: Last question, many projects are of short life cycle now, I would like to ask how is the future planning of MetaElfland, and what is its vision?
Neko ZB : ElfLand
ElfLand is game in which players, in the future, can take part in various activities, including all kinds of consumptions inside the Metaverse game. In the planning of MetaElfLand, players can jointly build the Elf future home. Through the official functions, players can design their own land construction, and the building of homeland. Furthermore, players can have priority to get incomes from their home building, and enjoy a variety of simulation games.
The Plan for [GameFi as A Service]
We will create a MetaSoft IDO platform and part of the proceeds will be used to buy back the MELT/BNC and send it to the burnt address. Through the IDO platform under construction by MetaSoft, MetaElfLand will have more cooperative promotion channels in the future. Further, we will bring more game partners to MetaSoft’s IDO platform to launch new projects, so as to jointly promote each other’s game projects.
Introduction to the MetaSoft IDO Trading Market
Auction Section, Trading Section, Game Prediction Section, LP Farm Section and NFT Staking Pool Section (Five Sections in Total)
The trading market is divided into two sections, one trading section and one auction section. The trading market is where NFT holders offer prices to allow other players to buy, while MetaSoft’s NFT auction market is even more interesting. The next bidder is demanded to add a fixed 10% in price of the previous bidder’s offering. Even if the previous bidders does not finally win the NFT, they will be rewarded 20% of the premium from the next bidders.
MetaSoft Staking Farming Pool Section
NFT (characters, game equipments, Elves, etc.) is a crypto asset in blockchain games. In the design of MetaSoft GameFi System , a specific NFT is also a “mining machine”. According to the type of the NFT, different NFT also has different “computational power”, which can be generated through the staking for earning tokens. In the future, in MetaSoft’s IDO platform, Mining NFT can be offered in a Limited Computing Power Elf Series.
In the future, according to the series‘ popularity, rarity and other dimensions of classification, Mining NFT can be divided into different levels of computing power, corresponding to different basic computing power. Players can earn $MELT by staking NFT with mining attribute into the farming pool.
As the MetaSoft IDO ecosystem continues to evolve, more and more other Big V or other game projects’ NFT will join in the MELT mining in the future. Please stay tuned.
In the future, users will be able to stake their crypto assets, such as MELT, as LP to MetaSoft Farming Pool for revenue.
Prediction on E-sports Results
The MetaSoft platform will develop an interesting and simple decentralized forecasting market. Users can bet on their vision for rewards. Users can use their knowledge or intuition from the experience of forming teams in MetaElfLand to predict which team will win the championship in an E-sports event. If player predicts correctly, he/she will get a part of the prize pool as award!
We believe that games are not only for fun or earning. GameFi’s original intention is connecting with people and making friends. The most important thing is that playing games can improve the quality of our life.
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2.
Bà Tân | : Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1528415168895778816) (will choose 5 question)
Bà Tân | : Question1. I noticed your TMT (E-Sports) Arena. Can you help us understand the Award winners Rules, registration fees, prize distributions, and the level playing field of E-Sports Arena to us? Is it possible for every player to win? Then how would we become members? @JohnSno55
Neko ZB : Players buy TMT tickets or pay MetaElfLand tokens($MELT) for entry to the arena. The game starts on time according to the regulations. There is a requirement for a minimum number of players in the game. If it doesn’t reach the set number, the game is dismissed and players are given back their tickets or MetaElfLand tokens($MELT).
Players enter the TMT arena without carrying their own MetaElf, and use the MetaElves provided by TMT. The attribute value of each MetaElf is fixed.
The registration closes 5 minutes before the start of the game. Each of the two players forms in group to play against each other. The unpaired player goes straight to the next round. The game is not over until the last player win the championship in the final round.
Once the game starts, players enters the Ban/Pick interface. Based on the Ban/Pick strategy, players try to limit the other side’s lineup. To win the game, players form a lineup with superiority and impose restrictions on the other side.
80% of all ticket revenues goes to the prize pool; the left 20% is distributed as follows (Deflationary Model): 25% of it, is automatically converted into MetaElfLand tokens($MELT) which are destroyed; 37.5% of it, is kept for system maintenance; 37.5% of it, goes into DeFi pool to increase liquidity and to be allocated to the “eco-fund”
The winner will receive 80% of the prize pool (It is the initial percentage and will be slightly adjusted later.)
According to the number of participants, we set a range of rewards. The prizes, based on the established proportion, are given to the winning players. Players, in the range of rewards, are at least guaranteed to get a TMT ticket.
Bà Tân | : Question2. MetaElfLand has a PVE Adventure Mode. Adventure mode is divided into four chapters, each with 3 levels of difficulty. Each difficulty contains ten stages. Does each stage have an upper limit for rewards? Does the player need to defeat the boss of that stage to move to higher? @imwiiw27
Neko ZB : MetaElfLand’s PvE adventure have different maps with multiple layers. There is a total of twelve (12) chapters, and each chapter has ten (10) levels. Players are able to choose the map, difficulty, chapter, and level to play in the chapter selection interface, displayed on the bottom-right corner. Each map has a different number of levels, which are refreshed randomly, where a higher difficulty presents a higher reward.
Each level has an upper limit for rewards and reaching that upper limit will not yield any items, but players can still gain experience. However, if the overall combat value of a player’s team exceeds the enemies, experience gained will be lessened. Likewise, players can choose whether to play manually or turn on the auto battle mode which stops when the boss can finally be challenged (NOTE: bosses are more powerful, so it is recommended to challenge them manually.）
Bà Tân | : Question3. Many games today set high costs to start the game & therefore start with a small player base.
Does #MetaElfLand an entrance fee or starting conditions & if so, what are they?
Do I need to hold an NFT or a certain number of tokens in order to enjoy & play the #MetaElfLand? @Tanjid_king
Neko ZB : You only need to have two NFTs to enter the game, that is, 59usdtx2, and five NFTs are full teams. TMT arena needs to pay a certain melt to participate.
So the cost of starting the game is 120usdt. There is no need to pay for other items
Bà Tân | : Question4.NFT Gaming is the fact that most of the games are pay to win because the more expensive NFT you buy, the easier you can win. How will #metaelfland make sure that their game isn’t pay to win & fair? This is important so that the game will keep attracting new players? @Kim_Le_41
Neko ZB : Through our calculations. Each different level of NFT will get the corresponding return in PvE. In order to play a fair game and compete fairly, you can’t use your pets in the TMT arena. The system randomly matches and allows players to choose pets, so every game of TMT is a very fair start.
Bà Tân | : Question5.What does the ‘ “MetaElfLand’ name stand for? There are interesting stories behind every successful project, and of course you have to work hard ever day. Can you share one of these interesting stories with us? @P2eWeb
Neko ZB : Metaelfland is an independent and parallel world, ranging from the boundless blue ocean to the fallen leaves in the quiet forest. The whole world is peaceful and vibrant. In the north of the continent, there are lush forests. Through the quiet forests, you will reach the vast barren desert in the East, the bone chilling ice field in the West and the volcano with lava in the south.
So meta represents the concept of meta universe, elf represents pets, and land is where elf lives
Bà Tân | : Congratulations to the winners of session 2.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @Nekozb ���
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Bà Tân | : Don’t forget to join the group https://t.me/MetaElfLandGlobal
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @Nekozb some time to go through them.
���Jőhn L��� : Lol slow mode 1 hour������ but many questions posted
Neko ZB : I’ll start choosing questions now
Q1. Your Project has a plan to educate the community, thereby raising awareness, applying and helping more people understand you easily?
Neko ZB : We have designed a website similar to Wiki to let players who want to know more clearly understand the game. It will also record the update records of the game, activity records, partner records, etc.
Q2. How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?
Neko ZB : We have publicity teams in many countries and regions, and they are basically local players. Such as South Korea, the Philippines, Turkey, Vietnam, South Africa, Macao and other places. And our community has built different channels for players in different languages.
Q3. What are your security measures adopted from hacking and bugs in smart contract ? Have you conducted any audit to make your smart contract safe?
Neko ZB : It has been audited by a professional team. He won’t have a problem
Q4. What features/improvements/Betterment are you planning to add to your products in the near future?
Neko ZB : Defi function, pet home system, quiz system, rental system。
Q5. Can you share your social media links so we can keep ourselves updated?
Neko ZB : MetaElfLand Community Channel
Official Website: http://metaelfland.com/
Telegram (Official): https://t.me/metaelflandchannel
Telegram (Korea): https://t.me/MetaElflandkorea
Telegram (Chinese): https://t.me/metaelfland
Telegram (English): https://t.me/MetaElfLandGlobal
Bà Tân | : Thanks for the useful information from @Nekozb
Bà Tân | : IM Community, if you would like to know more about Metaelfland ! here are some useful links for you:
Official Website: https://www.metaelfland.com/#/home
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @MetaElfLandGlobal for answers.
Bà Tân | : Allright, I declare the Im Community AMA with Metaelfland has ended.
Thanks to @Nekozb | Metaelfland joined us and provided us with Metaelfland information, we hope that this knowledge makes us understand more about https://www.metaelfland.com/#/home
To the members, thank you for following this event to the end. winners will be announced soon.