Game Economy

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Play-To-Earn Economic Features

The Black Eye Galaxy team understands the significance of creating sustainable economic models, especially in regards to developing a play-to-earn metaverse game. This is why the team have introduced important economic features to obtain a unique, well-balanced, long-term sustainable game economy. The following are examples of Black Eye Galaxy's dedication to achieving this goal.

Off-Chain Transactions

Black Eye Galaxy adopts off-chain transactions to NFT assets in the Black Eye Galaxy universe. Off-chain transactions are provided through the in-game payment and reward currency known as Black Eye Galaxy Credits. This currency enables players to pay for in-game mechanics such as fuel, repairs and mining permits for spaceships, as examples, and avoid paying additional BNB gas fees through transactions on the Binance Smart Chain.

This off-chain currency is also used as a rewards currency. Players are rewarded in-game with Black Eye Galaxy Credits. This currency can be used as a payment currency for in-game mechanics, withdrawn or exchanged to Black Eye Galaxy's token $BYG. This off-chain model allows the Black Eye Galaxy project to stand out across the metaverse. Not only does this model save players on gas fee transactions, but it also speeds up the time in which players can play and interact in-game with their assets and asset management.

This feature is increasingly being implemented across assets in-game with the objective of all assets, currently and in the future, being off-chain based.

Limited Lifetime Capacities

Limited lifetime NFTs are NFTs that have specific capacities set to them to ensure that assets have a lifetime duration where the player can use the asset. In the play-to-earn metaverse space, this type of adoption of play-to-earn assets is fundamental as it balances assets available and ensures appropriate economic sustainability long-term. In other words, limited lifetime capacities are attached to NFT assets in Black Eye Galaxy to control rewards distribution over time. For Black Eye Galaxy's NFT spaceships, these limited lifetimes are known as mining capacities, describing how many resources total your NFT spaceship can mine until the capacity has been reached. These mining capacities still ensure players can mine attractive numbers in relation to their investment making it a popular feature for many play-to-earn metaverse games.

Dynamic APR (Adaptive Multipliers)

The Black Eye Galaxy team introduces a dynamic APR economic feature that facilitates more dynamic control over resource flows to adjust to a highly active market. Black Eye Galaxy's dynamic apr applies multipliers on in-game rewards and in-game costs to better adapt to abrupt changes in market conditions. While market conditions are poor a lower multiplier may be applied, and while market conditions are good a higher multiplier may be applied. The target is to make the game accessible and optimal for the growth of the user base while providing a reasonable revenue for asset holders.

Future tax and multipliers will be applied and be adjusted as market conditions and project conditions dictate. Multipliers help to balance Black Eye Galaxy's economy and are currently monitored and adjusted at first by the team, with community feedback taken highly into consideration.

Mining Efficiency Decay

Black Eye Galaxy has also introduced a mining efficiency decay model. This is a critical economic feature developed by the Black Eye Galaxy team to ensure the sustainability of the game and economy.

This economic feature introduces a reward multiplier linked to selective NFT spaceship capacities. Every time an asset earns 100% ROI on mint value, a multiplier will be applied to reduce mining efficiency, which will gradually, slowly decrease the APR but not affect the total mining capacity for assets. Advantages of this model are that rewards will always be best for new assets and new players while the sell pressure gradually decreases as the player makes more and more returns, lower-earning rate equals higher realised gains on assets, so players receiving the lowest APR are the ones that have already received the highest ROI. This will create a more robust economy and better flexibility for the team and project moving forward.

Without some kind of earning efficiency penalty, the inflow of funds has to exponentially grow to offset the outflow of funds. With this economic feature, it is expected to see a steady decline of sell pressure over the lifetime of a specific asset while maintaining an appealing APR for players, with a goal to provide a higher intrinsic value for the $BYG token.

Demonetized Payment Options

The Black Eye Galaxy team have developed a range of demonetized purchase options to provide alternative revenue streams for the Black Eye Galaxy project. These include but are not limited to, cosmetics in the form of loot boxes and keys; these provide players with skins that can be used to customise the appearance of their NFT assets or even personalise their player profiles. Alternative revenue streams for Black Eye Galaxy also include a range of in-game tax/fee mechanics that are applied to balance the in-game economy to facilitate a long term play-to-earn project. These include mining permits for the asteroid hunter NFT, fuel and repair costs for spaceship assets, additional buildings available for planet owners to build, spaceship upgrades and more such as the marketplace tax associated with assets sold by players which stands at 15% off the resale price.

Black Eye Galaxy's 3D Racing Game also offers alternative payment streams for the project. Players have the opportunity to mint an NFT racing ship. Players can either participate in ranked or unranked gameplay. Ranked allows players to win more rewards. Joining in ranked matches allows players to enter staking of rewards tokens to participate, while the winners take a percentage of the total rewards so does the project as a tax. Players, by participating in the racing game, also pay a small number of tokens to participate in races - this is used as rewards for races and as a tax for the project. This enables Black Eye Galaxy to have a healthy income flow from ranked matches while also allowing players to earn tokens by playing and winning.

Players can also purchase NFT building addons servicing multiple services for planets alongside the planetary war 2D web-version game being developed alongside mining 2.0 changes.

Lottery System

A lottery system will also be available for players where players can purchase lottery tickets with the game native tokens for a weekly pool. This system has been developed and designed based on the PancakeSwap lottery system.

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