Binopoly X KingData AMA/Airdrop

KingData ·2022-01-23


On Jan 17, 2022, 12 PM UTC (8 PM UTC+8), we had an AMA session with Binopoly, in our Telegram chat at https://t.me/KingDataEN. Our guest was Caesar, CEO of Binopoly.

Here are the essential points of the AMA session:

Introduction

Host[Phillip]:Caesar could you please introduce yourself to our community? You can also add a couple of words about your entrance in crypto 😁

Guest[Caesar]:OK, i don't want to say too much about myself, I join crypto since 2013  and helped several pow project since 2017. Let me introduce more about our team.

Our team is primarily based in Australia, with 10 people in Technological Development and Game Design, 7 people in Marketing and Operations whilst also assessing more global Marketing experts (those interested can DM me after this AMA).

Technology Development Team: Consists of 3 engineers all with several years of experience in smart contract development, in which our CTO has an impressive 12 years of software development experience, ranging from technologies such as finance, game, and supply chain operation.

As a long-time resident of Australia, I was always watching the development of Binance’s ecosystem since it’s the biggest trading platform in the world, eventually, I became one of the earliest participants on the Binance Smart Chain (BSC) ecosystem when it was first announced. Frequent transactions between players integral to any capital operation game meant we had to consider various aspects such as gas fees, blockchain stability, and size of the market we built Binopoly upon; thus my fateful history with Binance and thoughtful team deliberations brought us to found the first version of Binopoly on the BSC.

All in all, Binopoly is a capital operation game built on the BSC, with the crux of its purpose to bring Decentralized Finance (DeFi) together with the real world into a play-to-earn game. Binopoly incorporates realistic geographical locations into a world in which players must compete for resources through capital power, land acquisition, and many more battles of wit and resource management prowess. The inspiration for Binopoly comes from games such as  Monopoly, The Sims etcetera.

Main Part

Q1: Caesar, could you plz explain the game’s play2earn mechanics?

A1: As I have mentioned, Binopoly is a Play-to-Earn capital operation game built on the Binance Smart Chain, integrating real-world geography inside a game world. Consisting of 7 continents and 195 countries, each continent has one piece of public land providing new players materials necessary to begin building their world. Over time, Binopoly will open additional cities and private land plots (maximum 6 private land plots per city) to allow players the opportunity to expand their economic empire.

To start playing and earning in Binopoly, players must first accumulate “Primary Resources” (wood, stone etc.) from “Primary Workshops'' (Mines, Timber Mills, Farms etc.), and process these resources in “Processing Factories” to obtain building materials. Certain ratios and combinations and amount of building materials will produce varying levels/types of properties.

Players can construct many different properties that can all be used for market trades and generate rent income (similar to crypto-mining or yield farming in blockchain). The game even suggests that players will be able to monopolize whole industries of primary materials, building materials, lands, or factories to haul massive returns with various business tactics.

The world of Binopoly offers players maximal gameplay freedom. Players may upgrade their properties or factories to maximize profits and landowners have the final say over the usage of their land. Landowners can thereby control whether other players are allowed to build properties or mine on their land slots, and may impose tax rates which cannot exceed 10%. Also, Binopoly provides players with a wealth of advanced financial tools for capital operations. If players aren’t drawn to solo gameplay and becoming a lone hero, they may choose to find teammates, combine forces, and start a consortium to collectively build an economic empire! Multiplayer alliances will provide players a game experience distinctively unique in game-fi, perhaps another charm to the already abundant appeals of Binopoly.

Q2: Caesar, is there a deflationary mechanic to the tokens?

Could you please introduce your economic model to us?

A2: I’ll show everyone our token distribution model first:

We can see from the image, 75% of $BINO is buried within the game for mining and P2E, the team only holds 10% as rewards and incentives for future prospective employees, which is also limited to a linear release after a 1 year lock-up period. The seed round was also 1%, with a lock-up and release mechanic the same as aforementioned. So essentially, there will not be a single $BINO token available for immediate trading at the launch of Binopoly (other than initial liquidity), every $BINO must be mined in the game.

Of course some people will ask, didn’t you airdrop $BINO as an event on CoinMarketCap? Well interestingly, we had set the airdrop so that each person was awarded 50 $BINO tokens, locked in a Voucher NFT until May 2022, which at this point many players will ask, isn’t this just futures? Yes indeed, as there are already clever players that had sold these airdropped vouchers for 0.5 BNB, although these vouchers are currently locked up, once the game is online, it can be staked to receive Collection Cards and other materials. And for those that didn’t receive an airdrop, they just straight up bought vouchers from other people, ready to get ahead and grab any chance they have once the game is launched.

Q3: Compared with other Gamefi projects on the market, what’s your strengths and characteristics?

A3: I believe that now many  players are attracted by our exquisite picture quality, yes, as you can see, we are the original hand-drawn by the artist, and then each picture takes an average of 3-4 days to model out, now it is 3D pictures, such as road map design, we will gradually completely 3D the game, so stay tuned;

In fact, the core is the economic design, although our first phase is real estate, but there are several economic points, we have seven continents, each continent's production power is same, but the level and total number of placed properties are not the same; and then in the process of construction, processing, the collection site also various. BINO Voucher, BINO LP, BINO, BANA (Apeswap), POTS (Moonpot), XCV (XCarnival), BABI (Babylons), NFT (NFT ra de) are working in the mining area, the materials and quantities mined by each partner are various. According to a player's estimate, pledge 10,000 BINO, 0.65 day will be able to build 1 thatched hut, secondly, the excess materials dug out, building permits, can be sold directly in Babylons to get BINO;

To build higher-level houses, players need to process the collected wood and soil into wood and bricks. Each continent has two production lines. In order to prevent someone from maliciously occupying the production line, there will be a "collection service", that is After the 5-minute protection period, anyone can help to collect building materials. 90% of the building materials produced will be go to the owner, and the players who help to collect will get 10% ; there are also Totem Wars, DAO, Land, insurance, bank, playground, and more fun, welcome to come and play, the adventure has just begun~

Q4: Caesar, how did the game perform after officially launched?

A4: The game was launched on January 14th, and almost all the properties we sold were pledged. As I mentioned above, Binopoly has a lot of gameplay and requires wisdom, diligence, and cooperation. We should give more time and patience and just wait. Many players start to know the main idea of our game and know how to play.

Q5: What about the project’s short/long term plans?

A5: Recently, the game has just been launched, we are looking at the market's reaction, and will optimize and adjust the game; secondly, we are working hard on community expansion. Bangladesh, Thailand communities are very active. Just yesterday, we had volunteers to establish Indian communities, and Russian There are not many people in the region, but they are actively discussing and researching game strategies. The policies and economic environments of different countries are different, so we will operate major communities carefully and seriously. Now the global epidemic is severe again, people are spending more time at home, work is affected, OnChainGame will ease people's economic situation and maintain the lives of some low-income people; thirdly, cooperation with other platforms is also going well, and will be announced gradually.

Private land, DAO system, stablecoin system will be deployed gradually. We will cooperate with more projects.

Live Session

Q1: loven_bayu_narasua: PARTNERS are the most important that strengthen the ecosystems of all projects. Could you tell us about your project partners and the partnership strategy it has adopted?

A1: We are not only a Game, we aim to build our BINO world, so we tried to build a partnership with as many projects as possible from the very beginning, we focus on defi and Gamefi projects on BSC at this stage, with those projects, they can make our game more interesting. We will never stop finding new projects to cooperate.

Q2: Aaron Joseph Gonsalves: How can users stay up to date with this project? Are there channels, including local communities, where users can get the latest updates?

A2: You can follow our Twitter which will announce the latest news first: https://twitter.com/binopoly we have our own telegram main channel: https://t.me/BinopolyCommunity, and for a different region, many of our community members build the local community channel.

Q3: Hi Anh: Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiration for approaching this name?

A3: Our idea firstly comes from monopoly. I do think many people have tried that game, and we deployed on BSC, so we named our game BInopoly.

Q4: Hanh Osborn: Is your project only for elite investors, what about others with small funds, is it open to everyone?

A4: Our game is open to all level of people, big investors have their stratage, people with less money but lot of time also have their way to play in our game.

Q5: Căn Nhà Màu Tím: Where can I currently buy Token?

A5:https://app.apeswap.finance/swap?inputCurrency=0xA2dF7a11baF8bB555E93b99684A2DE0f105eB592&outputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56

Quick Quiz Part

Q1: How many people there in Binopoly team?

A1: 17 people

Q2: Can one player monopolize whole industry(primary materials, building materials, etc) in the game? Yes/No

A2: Yes

Q3: How many $BINO is burned within the game for mining? (Percentage)

A3: 75%

Q4: When the game was launched?

A4: January 14th

Q5: Binopoly integrated the real word geography in the game, how many continents and countries are there in the game?

A5: 195 counties 7 continents

Airdrop Winners List

Link: https://docs.google.com/spreadsheets/d/1yhiS0Ee4D3-ZmFSIWGoiWQUa_zVTv39bPurHvX80-LY/edit?usp=sharing

Official KingData links:

© The copyright of this article belongs to KingData, and can't be reproduced and used without KingData's permission.

TAGSAMARECAPAirdrop QuizPartnership