Whitepaper
Dynamic Earning System
The dynamic earning system that we are developing for our Play-to-Earn game is designed to incentivize players to engage with our NFT collection and contribute to its growth. The system works by allocating a percentage of all royalties (in our case, 50%) as rewards for players based on the volume of NFTs sold each month.
By tying rewards to sales volume, we create a dynamic earning system that changes based on the actual performance of the NFT collection. This means that as the collection grows in popularity and sales volume increases, players will earn more rewards, thus further incentivizing engagement.
The rewards system is designed to be fair and transparent, with players being able to easily track their earnings and receive regular payouts. We plan to use smart contracts to automate the distribution of rewards, ensuring that players receive their payouts in a timely and secure manner.
Overall, our dynamic earning system is a key feature of our Play-to-Earn game, creating a powerful incentive for players to engage with our NFT collection, drive sales, and contribute to its success. We believe that this system will help to create a more vibrant and sustainable NFT ecosystem, benefitting creators, players, and the wider community.
Let’s say that our NFT collection consists of 1,000 unique digital art pieces, each priced at 1 SOL. In the first month of operation, we sell 200 NFTs, generating 200 SOL in total sales revenue. Under our dynamic earning system, we allocate 50% of the royalties (100 SOL) as rewards for players.
Now let’s say that 50 players have participated in our Play-to-Earn game and have achieved various in-game leaderboards and achievements. The rewards are then shared among all players based on their in-game performance and achievements, rather than their individual contribution to sales volume.
For example, if Player A has achieved the highest leaderboard position, they would be entitled to receive a larger share of the rewards. Similarly, if Player B has achieved a high level of in-game achievements, they would also be entitled to receive a larger share of the rewards. The remaining rewards would be distributed among the other players based on their in-game performance.
In the second month, let’s say that the players have continued to engage with the NFT collection, achieve new leaderboards and in-game achievements, and drive sales. As a result, the rewards pool has also increased to reflect the overall success of the NFT collection.
This creates a powerful incentive for players to engage with the NFT collection, achieve in-game success, and contribute to its growth and success, while also ensuring that the rewards system is fair, transparent, and sustainable.
How this will be done?
1) Define the gameplay mechanics of the Play-to-Earn game and how players can earn rewards by engaging with the NFT collection.
This step involves defining the game mechanics and how players can earn rewards by engaging with the NFT collection. For example, players may be able to earn rewards by completing specific tasks, participating in tournaments, or achieving certain milestones. The gameplay mechanics should be designed to be engaging and challenging, to keep players motivated and incentivized to keep playing.
2) Establish a system to track the volume and sales of the NFT collection to determine the rewards that will be allocated to players each month.
To determine the rewards that will be allocated to players each month, a system needs to be put in place to track the volume and sales of the NFT collection. This will help to determine the rewards that should be allocated to players based on the volume of NFTs sold each month.
3) Define the percentage of royalties to be allocated as rewards (in this case, 50%).
In this step, the percentage of royalties that will be allocated as rewards needs to be defined. In this case, the plan is to allocate 50% of all royalties to rewards. The percentage can be adjusted as needed based on the success of the NFT collection and the dynamic earning system.
4) Design a system to calculate the rewards for players based on the volume of NFTs sold each month.
A system needs to be designed to calculate the rewards for players based on the volume of NFTs sold each month. This can be done using a smart contract, which will automatically calculate the rewards based on the volume of NFTs sold each month. The system should be designed to be transparent and easy to use, so that players can see how their rewards are being calculated.
5) Establish a process for distributing rewards to players (e.g., through a smart contract or manually).
To ensure that players receive their rewards, a process needs to be established for distributing rewards. This can be done through a smart contract, which will automatically distribute rewards to players based on the calculations made in the previous step. Alternatively, rewards can be distributed manually.
6) Implement and test the dynamic earning system to ensure that it is functioning as intended.
Before launching the dynamic earning system, it needs to be implemented and tested to ensure that it is functioning as intended. This will involve testing the system to ensure that it is accurately tracking the volume of NFTs sold each month, calculating rewards accurately, and distributing rewards to players as intended.
7) Monitor and adjust the system as needed to ensure that it continues to incentivize players and drive the growth of the NFT collection.
Finally, the dynamic earning system should be monitored and adjusted as needed to ensure that it continues to incentivize players and drive the growth of the NFT collection. This may involve adjusting the percentage of royalties allocated as rewards, changing the gameplay mechanics, or adjusting the reward distribution process. By monitoring and adjusting the system as needed, it will be possible to ensure that the NFT collection continues to be successful and that players remain motivated to engage with the collection.
Services:
We are offering a comprehensive suite of NFT-related services, including NFT minting, SPL token creation, verification and staking setup. In addition, we also offer art design and website design services to help our clients create a unique and visually appealing NFT collection. Our team of experts provides general consulting services to guide clients through the entire process, from concept development to launch and beyond. Whether you’re a seasoned NFT collector or a newcomer to the space, we can help you bring your vision to life with our top-quality services.
What each service is:
NFT Minting: We can help clients create their own unique NFTs using a variety of standards, such as ERC-721 or Solana’s SPL. Our team will work closely with clients to design the NFTs to their specifications, and we will handle the technical aspects of minting the NFTs on the appropriate blockchain.
SPL Token Creation: Our team can also assist with the creation of SPL tokens, which can be used as a form of payment or reward within the client’s NFT collection. We will work with clients to create a token that meets their specific needs, and we will ensure that the token is set up and configured correctly on the blockchain.
Verification and Staking Setup: We offer verification and staking setup services for clients who want to secure their NFT collection and protect it from fraud or other malicious activities. Our team will help clients set up the necessary security measures, such as multi-signature wallets or smart contracts, and we can also help them stake their tokens to earn rewards.
Art Design: Our team of experienced designers can help clients create unique and visually stunning NFT collections. We will work with clients to understand their vision and create custom designs that meet their specifications.
Website Design: We offer website design services to help clients create a professional and user-friendly website for their NFT collection. We will work with clients to design a website that meets their needs, including features such as galleries, marketplaces, and user account management.
Consulting: Our team provides general consulting services to guide clients through the entire NFT creation and launch process. We will work closely with clients to understand their goals and objectives, and we will provide expert advice and support to help them achieve their vision. Our consulting services are tailored to each client’s specific needs, and we can provide guidance on everything from concept development to marketing and promotion.
How will this be done?
1) Define the scope and specifics of each service being offered, including the timeline and budget for each project.
2) Create a project management system to track progress and ensure that all services are being delivered on time and on budget.
3) Establish a process for communicating with clients and gathering their input and feedback throughout the project.
4) Develop templates, frameworks, and tools to help streamline the process and ensure that the services are consistent and high-quality.
5) Test and refine each service to ensure that it is functioning as intended and meeting the needs of clients.
6) Continuously improve and update the services based on client feedback, market trends, and emerging technologies.
7) Establish partnerships with other companies in the NFT space to expand the range of services being offered and provide clients with a more comprehensive solution.
8) Develop a marketing and sales strategy to promote the services and attract new clients.
9) Monitor the competitive landscape and adjust the services as needed to stay ahead of the competition and meet the evolving needs of clients.
How does it help the community?
When a new NFT collection is created and sold, 50% of revenue will be used to fund the dynamic earning system that rewards players based on their in-game achievements and engagement with the NFT collection. Essentially, the revenue will be reinvested into the ecosystem of the NFT collection, with the goal of creating a more engaging and rewarding experience for players.
The dynamic earning system will determine the rewards that will be allocated to players each month based on the volume and sales of the NFT collection. By participating in the game and engaging with the NFT collection, players will have the opportunity to earn rewards from this revenue pool, which will be distributed to them based on their performance and contributions to the success of the NFT collection.
By reinvesting the revenue generated from the sales of the NFT collection into the dynamic earning system, The Apple Tree is further incentivizing players to engage with the collection, thereby promoting its growth and success in the long-term. It also demonstrates the company’s commitment to building a strong and engaged community around the collection, which can be a key factor in its success.
Where does Radium-X fit in?
SPL token specifically for the NFT collection, which players can earn as rewards for their in-game achievements and engagement. This token could be used for various purposes within the NFT collection’s ecosystem, such as:
Voting rights: Holders of the SPL token could have the ability to vote on key decisions related to the NFT collection, such as which new NFTs to mint or which gameplay features to introduce.
Access to exclusive content: Certain NFTs or other in-game items could be made available exclusively to those who hold a certain number of SPL tokens, creating an added incentive for players to earn and hold the tokens.
Staking rewards: Players who hold a certain number of SPL tokens could earn additional rewards beyond the ones they earn through the dynamic earning system. For example, they could earn a percentage of the transaction fees generated by the collection, or they could earn a share of the tokens that are burned over time.
Trading: The SPL token could be listed on cryptocurrency exchanges, providing players with the ability to trade it for other cryptocurrencies or fiat currencies. This could create an additional market for the token, potentially increasing its value over time.
In order to implement this idea, The Apple Tree would need to create the SPL token and develop a smart contract that governs its usage and distribution. The smart contract could be designed to automatically distribute tokens to players based on their in-game achievements and engagement, as well as to allocate a certain percentage of the tokens to a rewards pool that is distributed through the dynamic earning system.
This approach would have the benefit of creating an added layer of engagement and incentives for players, which could help drive the growth of the NFT collection over time. Additionally, by creating a tradable asset in the form of the SPL token, The Apple Tree could potentially attract a wider audience of cryptocurrency investors who are interested in the potential for long-term value appreciation.
The future of Radium-X and the Dynamic Earning System
The SPL token could be used as the primary currency for all in-game transactions and purchases. Players could earn SPL tokens as rewards for their engagement and contributions to the game, and they could use these tokens to purchase NFTs, items, or other in-game assets. As the value and adoption of the SPL token grow, it could become the preferred currency for all transactions in the game, eventually replacing royalties and revenue from NFT sales altogether.
How will this be done?
1) Define the gameplay mechanics of the Play-to-Earn game and how players can earn Radium-X tokens by engaging with the NFT collection.
2) Establish a system to track the volume and sales of the NFT collection to determine the amount of Radium-X tokens that will be allocated to players each month.
3) Design a system to calculate the rewards for players based on the volume of NFTs sold each month, with Radium-X tokens being the primary reward currency.
4) Establish a process for distributing Radium-X tokens to players (e.g., through a smart contract or manually), and ensure that the distribution is fair and transparent.
5) Design and implement a marketplace within the game where players can use Radium-X tokens to purchase NFTs, in-game items, or other assets.
6) Monitor the usage and adoption of Radium-X tokens within the game, and adjust the system as needed to ensure that it is functioning optimally.
7) Develop a marketing and education strategy to promote the benefits of using Radium-X tokens within the game, and to encourage wider adoption of the token among players and collectors.
8) Eventually phase out royalties and revenue from NFT sales altogether, and rely solely on Radium-X tokens as the primary currency for all in-game transactions and purchases.
By integrating Radium-X tokens into their Play-to-Earn game, The Apple Tree can create a more engaging and rewarding experience for players, while also establishing a strong and sustainable economy within the game. As the value and adoption of Radium-X grow, it could potentially become the preferred currency for all transactions in the game, making royalties and revenue from NFT sales a thing of the past.
@TheAppleCore