Bounty Temple Aims to Combat the Current Problems With Play-to-Earn Games
Over the last few years, the blockchain gaming industry has seen some steady growth. A lot of the current and upcoming games are based on the prevalent model of Play-to-Earn (P2E). Although this model is highly popular, it is not perfect. There are several issues with the P2E model that have been ignored by a lot of companies.
Bounty Temple, a Polygon (MATIC)-based blockchain game, has come up with a method to address and rectify the current problems with the P2E system. Bounty Temple is a spin-to-win blockchain game that incorporates the use of an NFT (Non-Fungible Token) called Bounty Temple Monument (BTM). Using this NFT, players can play with or against each other. Users are also rewarded with tokens and can stake them to earn more profit. Unlike other games, Bounty Temple is based on a Play-to-Earn Evolution (P2EE) model. This is vastly different from the existing model and hopes to fix the issues with the current system.
Problems with the current Play-to-Earn Model
The present state of P2E games is great at attracting new users by showing them the economic incentives they would receive but it has become increasingly difficult to retain players due to the lackluster gameplay and unoptimized revenue model. Apart from this, there are several major issues. They are as follows:
Frequent token price fluctuations
The current price of in-game tokens is directly related to the minting frequency by developers and larger market trends. There is no mechanism to control the price volatility and therefore, the user funds quickly depreciate in value.
Lack of security in NFT rentals
A lot of popular games have recently started an NFT rental system. However, these rental systems operate in a trust-based manner. Therefore, the interests of both parties are not completely secured and remain a matter of concern.
Absence of a token burning mechanism
In almost all blockchain-based games, the minting rate of native tokens is higher than the purchasing rate. In such scenarios, it becomes important to have an effective token-burning mechanism. The absence of such a mechanism leads to the token value depreciating and as a result user interest dwindles.
Uncontrolled Supply of NFTs
With the advent of blockchain gaming, NFTs have been used as value markers. Higher rarity NFTs fetch higher prices and increase the competition. However, when there is an uncontrolled supply of NFTs, the value of the NFT decreases. The asset class is devalued and the competition ceases to exist. This also leads to a lack of user interest.
Changing stats of NFT for balancing
Along with uncontrolled supply, nerfing the NFT causes the asset to be devalued. It loses its importance in the market and often experiences price reduction.
Unfair reward distribution
Users who join the game later have often received substantially fewer rewards in comparison to the older players. This leads to an unfair reward system and harms the experience of users.
The P2EE system of Bounty Temple
As discussed, the current state of blockchain-based games is suffering due to a lack of foresight and planning on certain important issues. With its new P2EE system, Bounty Temple is on its way to create a sustainable blockchain game that is capable of handling prevalent problems using certain mechanisms. It presents the following possibilities:
To counter price fluctuations, Bounty Temple will use a proprietary algorithm called “Weather Effect.” This will control the mining rate of its native token $GIA and will aim to achieve market equilibrium.This will aslo help keep token price in check.
Centralized Scholar System
This system will handle all the NFT rental details and will work to make it more secure and efficient by using features like auto payout, KYC verification, and a scoring system.
Robust token burning
Several token-burning activities like crafting, upgrading, charity events, mini-games, and lottery tickets will be introduced to ensure token burning.
NFT burning and holding incentive
This feature ensures that there is not an oversupply of NFTs in the marketplace by giving users incentives for burning their NFT. Users will also be rewarded with incentives for holding NFTs.
Balanced Gameplay Mechanic
The Bounty System is designed in such a way that there is no need to nerf NFTs to balance the game. This protects the value of a users NFT and depending upon the burning mechanism, the value will appreciate over time.
To ensure that newly crafted NFTs do not experience massive price drops from the Weather Effect, Bounty Temple has created a "Barrier Effect". This ensures that the rate of earning of new NFTs will not be targeted by the Weather Effect for 75 days.
Interested users can also read the complete from the official . Overall, Bounty Temple has added several mechanisms to ensure that the game can retain user interest over long periods of time, and that the Play-to-Earn Evolution model can function in a way that keeps users at the forefront of the system. This shows us that Bounty Temple is committed to drawing attention to issues with the Play-to-Earn model and keeps providing users with better alternatives.
This story was written in partnership with Linx Games
Linx Games is a community-driven blockchain game distribution platform for gamers and developers to interact, socialize and exchange ideas.