Hotbit AMA🎉:GameFi Protocol AMA in English Telegram

AMA content review

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💗 Host:Cyrus, Hotbit AMA Host

💗 Guest:Alex, CAO (Chief Architecture Officer) of GameFi Protocol

Cyrus: Let’s welcome Alex, CAO (Chief Architecture Officer) of GameFi Protocol @Alex_GameFi to introduce【Introduction and Vision of Gamefi Protocol】to us in AMA. Thank you for being with us today.

Could you introduce of the team to our community?

Alex: Hello, everyone. I’m Alex, CAO (Chief Architecture Officer) of Gamefi Protocol. Doctor of economics, former investment director of asset Management Company and senior executive of listed company. I’ve rich experience in blockchain, financial investment and project management. Other members of the team include Jess CEO, Ying CTO, and Jeb CPO. We started Gamefi Protocol project in March 2021. Our team has rich experience in game development and project operation, with strong execution

Cyrus: Elevator pitch?

Alex: GameFi Protocol advocates F2P2E-Free to Play to Earn. It is the first GameFi aggregation protocol, aiming to become a first-class GameFi aggregation and trading platform. The governance token of the GameFi Protocol is GFI, and its holders spontaneously form a GDAO (decentralized self-regulatory organization) to conduct GameFi Protocol community governance. GameFi Protocol provide users with a low-threshold way play and earn, which will authorize many high-quality games to launch on the platform. So the games launched on our platform are not only reward based games, but also games with high playability.

GameFi Protocol also has a variety of innovative revenue models such as Machine gun pool, farm (liquidity mining), and Game list (Launched High-quality games), which provide users with a wealth of value capture methods. We’ll become a Metaverse aggregate platform and trading platform that everyone can play and earn.

Cyrus: What is your background and how did you come to the idea to create Gamifi?

Alex: From March 2021 to June 2021, GameFi ushered in an explosive period. The number of daily active wallets for blockchain games increased from 51,000 to 375,000, an increase of more than 600%, and the number is still expanding.

However, GameFi in pure Play to Earn (P2E) mode usually has strong DeFi and weak playability, which usually leads to strong periodicity of GameFi. For example, AXS, SAND, etc. have experienced short-term fluctuations in the number of active users (Active Users). The user’s game NFT value will also be extremely unstable in the short term, which greatly affects the vitality and sustainability of a GameFi. We believe that GameFi, as an important entrance to the metaverse, is an important carrier for human society, entertainment, and even work in the future, and a new digital world in which everyone participates. The tokenomics presented by GameFi will inevitably evolve from the current Play to Earn (P2E) to a more social model-Free to Play to Earn (F2P2E)-free to play and everyone can play and earn. In a sense, this is the “mapping” of human society in the new digital world.

Therefore, we began to build Gamefi Protocol and the Platform, so that everyone who lacks time and professional skills can play and earn. We believe that Gamefi Protocol, as the entrance to the Metaverse, is an important carrier for humans’ future social, entertainment and even work, and a new digital world in which everyone will participate. We’ll become a Metaverse aggregate platform and trading platform that everyone can play and earn.

Cyrus: Generally, we’ve often heard about the “Play-to-Earn” (P2E) mechanism within blockchain games but you’re bringing this one step forward by utilizing a concept called “Everyone-to-Earn” (E2E). Could you perhaps touch onto that a bit further — what would that actually mean?

Alex: This is a good question. As a Gamefi aggregation platform, we will authorize many high-quality games to launch on the platform. So the games launched on our platform are not only reward based games, but also games with high playability. Therefore, anyone who lacks time and professional skills can play and earn, that is “Everyone-to-Earn” (E2E).

Cyrus: Project explanation.

Alex: The emergence of GameFi Protocol provides a new possibility for the development of Gamefi ecosystem-platform mode. In terms of operation, GameFi Protocol is more like the way of Steam operation. Users can participate in any games through the platform, and game developers can also launch their own games through the GameFi Protocol. Different from the traditional Gamefi operation, GameFi Protocol emphasizes on the phenomenon-level games with high playability, and provides cooperative game developers with blockchain technology, game asset NFTization, tokenomic model, community promotion, All-round services such as game launches and compliance services.

In short, through GameFi Protocol, game developers enjoy “one-stop launch game service”, users can also span from one game to another without barriers, and even participate in several games at the same time. For users, they only need to enter the GameFi Protocol to experience a large number of games. For game developers, it solves a number of issues such as technology, products, operations, traffic, etc. It can be achieved through the function of GameFi Protocol. In addition, GameFi Protocol’s unique review mechanism also reduces the risk of users participating in bad Gamefi. GameFi Protocol’s “one-stop launch game service” greatly reduces the project’s startup risk and provides game developers with a lasting vitality window.

GameFi Protocol also has a variety of innovative revenue models such as Machine gun pool, farm (liquidity mining), and Gamelist (Launched High-quality games), which provide users with a wealth of value capture methods.

Gamelist: The GameFi Protocol encourages outstanding GameFi teams to launch projects on Gamelist.

GNFT: Users can freely trade game NFT assets and get rewards.

Gswap: The GameFi Protocol can help GFI holders to obtain free GFI token rewards through stake GFI or Forth in GSwap; users can also conduct trade, farm (liquidity mining) in GSwap.

Of course, we have already cooperated with listed game companies to launch high-quality games on the platform and jointly issue game NFTs. Any player who purchases game NFT assets will receive GFI rewards when playing the game.

Cyrus: GSwap seemed to offer quite a wide range of functions itself with staking, trading, farming and launchpools. Regarding staking it caught my eyes that you were offering both manual and automatic GFI pools for your investors. What’d be the difference between those?

Alex: Manual GFI

1. You need to manually harvest GFI and reinvest GFI, so you will bear transaction costs.

2. The income is presented in APR (APY), excluding compound interest.

3. After obtaining GFI for free, you can withdraw and deposit it into your wallet.

Auto GFI (automatic GFI)

1. Automatically harvest GFI and reinvest GFI, only bear a small transaction fee.

2. The income is presented in APR (APY), including compound interest.

3. Every time GFI automatically compound interest, a small management fee will be deducted from the income.

4. After obtaining GFI for free, there is no need to withdraw and deposit it into the wallet.

Cyrus: Token usecase (token metrics).

Alex: GFI is governance token of constant volume. The project R&D and operation team only obtains 9% of the total GFI, and it is linearly released in 24 months after the platform is launched 6 months. Like many fair-issued projects, the vast majority of GFI will reward ecological participants of the GameFi Protocol.

GFI is the driving force behind the GameFi Protocol ecosystem;

1. Users can stake GFI in GSWAP module to get GFI token rewards;

2. Users can stake the LP of GFI and USDT in GSWAP module to get GFI token rewards;

3. Users can participate in all kinds of games in GameList module. GFI will be built into the economic model of these games.

4. GFI can be used as a medium to get GFI token rewards when users buy/sell NFT, stake NFT or produce NFT synthetic asset in GNFT module.

5. Users can invest GFI in new GameFi program and only when users hold a certain amount of GFI for a certain period of time, can they have the investment share.

6. Users can use GFI to buy Lottery/Grab box and get bonus after winning;

7. GFI will also be used to reward GameFi explorers, GameFi game guilds, code contributors, and bug bounty providers;

Certainly, GFI is also an important tool for GameFi Protocol community governance.

GFI mainly achieves deflation through repurchase and burning, which have the following sources:

1. GSwap trading fee

2. Shared revenue of GameList games

3. GNFT trading/stake/synthesize assets fee

4. GLanunch income

5. Lottery/Grab box income

6. GDAO VC income

Cyrus: Partnerships?

Alex: We have received strong support from several listed game companies and will jointly launch the popular gamefi. Investment institutions and industrial capital provide sufficient funds for project development.

Community is very important to us. We welcome anyone with rich blockchain experience and gaming experience to join our community, and welcome everyone to recommend excellent projects via telegram or official email. We will build GDAO to judge projects based different public chains, wallets, single or multiple token systems, game rules, and token economic models (Tokenomics), etc.

Cyrus: The Crypto Market is still small when compared to traditional markets. Who are the major investors of GameFi? How do you plan to attract the non-Crypto users, the traditional investors?

Alex: We have received equity financing from 7road-which is a top developer and an international distributor of web games and mobile games, as well as Forth Ecological Foundation, IPFS Ecological Foundation, Evolution, as well as cryptocurrency financing from institutions such as Waterdrip, Bitrise, ChainVC, K24, Gamma, Bitwhale, R8 BLOCK, etc.

As a Gamefi aggregation platform, we will authorize many high-quality games to launch on the platform. So the games launched on our platform are not only reward based games, but also games with high playability. At present, the track is still in the blue ocean. So, we have received strong support from several listed game companies and will jointly launch the popular Gamefi. And investment institutions and industrial capital provide sufficient funds for project development.

Cyrus: Can you explain about the “”The DAO implements a democratic system of 1 vote/1 GFI””?

Alex: Our community will be composed of Rewards developers who participate in the GameFi Protocol ecosystem-GameFi explorers, GameFi professional players, code contributors, bug diggers, etc. Of course, they need to hold a little GFI.

The GameFi Protocol supports GFI holders to form GDAO spontaneously in order to carry out the community governance of the GameFi Protocol. GDAO implements a democratic system of 1 vote for 1 GFI. GDAO can decide the following issues by voting:

1. The function settings of GSwap, GameList, GNFT, GLanunch, and Lottery/Grab box;

2. Launching game on GameList;

3. Selling GNFT gaming NFTs;

4. Launching IGO games in GLaunch;

5. Initiating new gameplays of Lottery/Grab box;

6. Modification and improvement of GFI tokenomics;

7. The strategic planning of GameFi Protocol;

8. Modifications and improvements of other rules.

Cyrus: Could you tell us more information about your project? Such as roadmap, community, Link about GameFi Protocol, Advantage, GNFT, Audit & security.

Alex: There is a complete road map in the deck, as well as other important information about the project.

Q2, 2021

Establish the core team

Determine project positioning and aims

Decide on the tokenomics

Q3, 2021

Create the official website

Issue the white paper

GSwap Stake

Q4, 2021

Launch GameList

Launch GNFT

Launch GSwap Farm

Launch Referral System

Launch GSwap Trade

Bug bounties

Q1, 2022

Launch GLanunch

Launch Lottery/Grab box

Launch GDAO

Reach more GameFi fans

Expand GameFi Game Guild

Q1, 2022

GDAO VC

Community

Community is very important to us. We welcome anyone with rich blockchain experience and gaming experience to join our community, and welcome everyone to recommend excellent projects via telegram or official email. We will build GDAO to judge projects based different public chains, wallets, single or multiple token systems, game rules, and token economic models (Tokenomics), etc. We have gradually established a global community, including Southeast Asia, Japan, South Korea, Russia, North America, South America, the Middle East, Europe, etc. Ambassadors and volunteers are welcome to join.

GNFT

We have already cooperated with listed game companies to launch high-quality games on the platform and jointly issue game NFTs. Any player who purchases game NFT assets will receive GFI rewards when playing the game. The Game NFT can be freely traded on the platform, and users can also get GFI as a reward through NFT transactions.

Audit & security

Our project has passed certik’s audit. We will also establish a Risk Protection Fund to respond to emergencies. And we have also established a developer alliance: reward developers who participate in the GameFi protocol ecosystem-GameFi explorers, GameFi professional players, code contributors, bug miners, etc. The main purpose of the GameFi Protocol Bug Bounty program is to prevent the loss of user funds by focusing on smart contracts, websites and applications.

Link about GameFi Protocol

Website: https://gamefi.ai/

Gitbook: https://gamefi-protocol.gitbook.io/gamefi-protocol/

Twitter: https://twitter.com/GamefiProtocol

Medium: https://medium.com/@gamefiprotocol1

Facebook: https://www.facebook.com/GamefiProtocol/

TG Channel：https://t.me/GamefiProtocol_Announcement

TG Global Group: https://t.me/GamefiProtocol

GitHub: https://github.com/gamefiProtocol/gamefiProtocol-contract

Cyrus: Now we move to the last segment of the AMA session public Q&A, Now let’s invite @Alex_GameFi to pick some good questions to answer.

@Leone5839: Burning tokens is the best way to keep the price of the token under control and reduce the quantity. So, what are your plans for burning tokens?

Alex: GFI mainly achieves deflation through repurchase and burning, which have the following sources:

GSwap trading fee

Shared revenue of GameList games

GNFT trading/stake/synthesize assets fee

GLanunch income

Lottery/Grab box income

GDAO VC income

@faruk112: Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?

Alex: Our project has passed certik’s audit. We will also establish a Risk Protection Fund to respond to emergencies. And we have also established a developer alliance: reward developers who participate in the GameFi protocol ecosystem-GameFi explorers, GameFi professional players, code contributors, bug miners, etc. The main purpose of the GameFi Protocol Bug Bounty program is to prevent the loss of user funds by focusing on smart contracts, websites and applications.

@Radika9999000: How can I buy this tokens? Is it available on any exchange?

Alex: GFI can already trade on pancakeswap and will be launched on HOTBIT soon.

@sorazora43: Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?

Alex: Of course, we will build the GameFi Protocol so that everyone who lacks time and professional skills can play and earn. We believe that the GameFi Protocol, as the entrance to Metaverse, is an important carrier for human society, entertainment and even work in the future, and a new digital world in which everyone participates. We will become a Metaverse aggregation platform and trading platform that everyone can play and earn.

@ahmedsumon1: Does your great project support staking program? If yes. How is your stake system work, what is the requirement for user if they want to stake in your platform?

Alex: We are about to launch Genesis Mining

Valid period：3 months

You can Stake GFI Earn GFI

The HPR (HPY) will be high

@Crypto_marketing0: Can you share with us about your partnerships & influencers you are collaborating with?

Alex: We have received equity financing from 7road-which is a top developer and an international distributor of web games and mobile games, as well as Forth Ecological Foundation, IPFS Ecological Foundation, Evolution, as well as cryptocurrency financing from institutions such as Waterdrip, Bitrise, ChainVC, K24, Gamma, Bitwhale, R8 BLOCK, etc.

As a Gamfi aggregation platform, we will authorize many high-quality games to launch on the platform. So the games launched on our platform are not only reward based games, but also games with high playability. At present, the track is still in the blue ocean. So, we have received strong support from several listed game companies and will jointly launch the popular Gamefi. And investment institutions and industrial capital provide sufficient funds for project development.

@Mohammadmoklesur: What are some of the major achievements that Your Project has achieved and what milestones are planned ahead in the next 2 months, 6 year and 2 years?

Alex: We have been recognized by many investment institutions and listed game companies. In the next time, we will launch the first game and will gather many active players.

@smkura9: What’s your main focus right now, are you focused on the community or market/Exchange or the products?

Alex: We pay attention to all these, and we will do a good job in every important link to ensure the good operation of the project.

@rofik_bondhu: I was looking for an opportunity to buy your token. Is there any pre-sale where I can participate?

Alex: Our project is a fair start project, there is no private sale and public sale, and most of the tokens are obtained through mining.

Cyrus: Thank you. The above is all for today’s AMA. If you want to know more about GameFi Protocol or have more questions about GameFi Protocol, please check

GameFi Protocol’s website and community links can be found here.

Official Website: https://gamefi.ai/

Telegram: https://t.me/GamefiProtocol

Twitter: https://twitter.com/GamefiProtocol