The Gods of Asgard Economy
Hey Asgardians, we’re thrilled to share our latest update! In this article, we’ll be focusing on our upcoming mint, as well as detailing the economy and features for, ‘Gods of Asgard.’
The Gods of Asgard Economy
It goes without saying that achieving an optimum economy matrix, in addition to ensuring sustainability from inception is key. For some time now, our team has been extensively researching, strategizing, and calculating what we believe to be a robust & sustainable P2E gaming economy. We’ve analyzed the top P2E games currently on the market and learned from both their successes and failures. The economic values presented in this article were calculated without arbitrarily means.
P2E economies are notoriously arduous & complex to calculate. There is a multitude of variables to consider, and the nature of such a fledgling market means they are constantly shifting. For any P2E project to thrive, it must be poised and willing to adapt! Here at GoA, we have ensured our plans are future-forward, with adjustable smart contracts, thus allowing both the game itself and the economy underpinning it to have the best possible chance at success.
Tokenomics
Beyond captivating gameplay, a robust & valuable token is the staple of any great P2E economy.
$ASG Token
The Asgard token ($ASG) is our native in-game currency. $ASG is an ERC-20 token and the primary currency awarded to players for their achievements in the game! You will be able to buy, sell and trade the $ASG token through decentralized exchanges (DEX) on the Avalanche network; just as you would any other cryptocurrency. $ASG will be launched close to our game launch date of May 31st.
- LP — 1 Million $ASG tokens will be minted and placed in the liquidity pool (LP) at launch
- Uncapped Supply — As players play and win, the contract will mint new $ASG for rewards
- Tax — There will be no claim tax or sell tax for $ASG
In order to sustain the price and supply of $ASG, we plan to implement burning mechanisms. The features mentioned later in this article will provide the means to do this. We will also look to implement further burn features in future updates.
$THOR Token
Thor token ($THOR) is the governance token for Gods of Asgard. $THOR is an ERC-20 token and cannot be earned through playing GoA. $THOR’s primary utility within our ecosystem will exist within features such as summoning & sacrificing. $THOR holders will also have voting rights for the game, achieved via snapshot voting. In the future, we plan to introduce further mechanisms & features that utilize $THOR, to provide additional utility and reward players that place high on the leaderboards/tournaments.
- Capped Supply — $THOR is capped at a one million token circulating supply, with no additional tokens to be minted.
- Deflationary — Our features provide a deflationary mechanism for $THOR, removing it from circulation as players use it to summon and sacrifice.
- Trade — $THOR is currently tradable through any decentralized exchange on Avalanche.
- Tax — There is no sales tax for $THOR.
In summary, utilizing $THOR as governance within, Gods of Asgard, will bring additional utility, demand, and deflationary mechanisms to the token; with projected results being an overall price increase. By owning a Thor node and holding the $THOR token, you are poised to reap the positive benefits that GoA provides to the Thor ecosystem!
Play to Earn
You can’t have a P2E game without earning, right? In Gods of Asgard, you will earn $ASG tokens for every victory you achieve in the Battle Royale!
Energy System — GoA includes an energy system to prevent overinflation and promote a healthy economy. Each NFT character will have a maximum of ’10 Energy’, which will replenish daily. One Energy is used for each match you participate in. With this system in place, the more NFTs you own, the more energy you have available. Put simply, this allows you to play more games and earn more tokens!
Rewards — The amount of $ASG tokens you earn per win, depends on your character and rarity. Please see the below chart for the full rewards breakdown!
- Rewards earned will be stored as pending rewards in the smart contract available to be claimed into your wallet
- There’s a 14-day cooldown between each claim
Rarity types:
- Legendary (Gen 0) — Obtained through minting
- Common (Gen 1) — Obtained through summoning
To supplement the reward structure and economy, Legendary mint chances have been updated to below:
- Odin — 4.44% mint chance
- Thor — 13.33% mint chance
- Freya — 36.66% mint chance
- Heimdall — 45.57% mint chance
Play to Earn Features
Creating mechanisms of utility for the tokens and NFT’s used in Gods of Asgard is also one of the most vital parts of a long lived P2E economy. Gods of Asgard will have 3 main features at launch: Summon, Sacrifice, and Rent. All these features will be implemented around game launch on May 31st
Summoning
Call upon the Bifrost to summon additional support on the battlefield! This feature allows players to use their NFT characters to create more! The more characters you have, the more you can play, summon, sacrifice, rent and ultimately earn.
- Each character NFT has a max of 7 times it can be used for summons
- Summoning using two characters will create a new character with the next lowest tier
- Each summon will also have a 5% chance to create a character NFT with the same tier or higher!
Examples:
- Summon using Legendary Odin + Legendary Odin = Common Thor
5% chance to create a Common Odin
- Summon using Legendary Odin + Legendary Thor = Common Freya
5% chance to create a common Thor or Odin
- Summon using Common Thor + Common Freya = Common Heimdall
5% chance to create a common Freya, Thor, or Odin
Summon Cost — Using the Bifrost comes with a levy. Each summon requires both $ASG and $THOR tokens to complete a transaction! This keeps our economy thriving whilst delivering deflationary utility to both tokens. See the chart below for a breakdown!
- Summon cost in $ASG goes up as more summons are used on an NFT
- Each NFT character has a maximum of 7 summons available for use
- $THOR cost will remain at a constant 2 $THOR per summon
Examples:
- Summons using a 0/7 Odin and 0/7 Odin will cost 600 $ASG and 2 $THOR
- Summons using a 0/7 Odin and 2/7 Odin will cost 1050 $ASG and 2 $THOR
- Summons using a 3/7 Odin and 5/7 Odin will cost 4,350 $ASGo and 2 $THOR
Sacrifice
Offer your characters as a sacrifice to receive Yggdrasil’s blessing. Sacrificing allows players to burn their NFT characters to mint a new higher tier character with the same rarity.
An inflating volume of NFT’s is one of the main issues P2E games encounter. If the player base does not grow to match the inflating supply of NFT’s, the economy suffers. For Gods of Asgard, we are introducing a deflationary mechanism that is mutually beneficial to both player and economy. By burning your NFT’s to upgrade them to a higher tier, we keep our ecosystem thriving.
- Sacrificing requires the same tier and rarity to be used
- The new NFT created will keep the same rarity as the ones sacrificed
- Each sacrifice will cost a static amount of $ASG and $THOR dependant on the tier
Renting
Rent your characters to fellow Asgardians to aid you in battle and share the spoils of victory!
Using our native renting marketplace, NFT owners can rent out their characters for other gamers to play, passively earning a share of their rewards.
Owners — You will be able to list your NFT characters on our public rental marketplace, and earn a split % of the tokens earned by your renter!
- Owners can specify a % of earnings to be split from the renter's earnings
- Passive earnings generated from rented NFT will automatically be deposited in pending rewards
- Rented NFTs are stored by our smart contract for the duration of the rental period, protecting the owner's property.
- Owners have the right to take back their NFTs at any time
Private listings — Private rental listings are also available between owner and renter!
Thank you for reading and supporting us as we continue our journey! We’re confident that our economy can provide a sustainable and lasting experience for our players. We will endeavor to continually observe the market, and make necessary adjustments that we feel will benefit our economy. As we move closer to mint, the team will be working harder than ever to ensure GoA is a huge success.
See you in Midgard!
Thank you, Asgardians!
The Gods of Asgard Team
