Top Ethereum City Builder dApp Goes DeFi to Enable Yield Farming

Place/Date: - October 16th, 2020 at 11:30 am UTC · 4 min read
Source: MegaCryptoPolis 3D

MegaCryptoPolis city builder dApp game running since 2018 on Ethereum and TRON blockchains launching ERC-20 $MEGA token to enable staking, yield farming and liquidity mining on October 1st.  

Key Takeaways:

  • Tangible product with 2.5 years of history
  • $400’000 locked in smart contracts 
  • Not an offering, TGE or distribution
  • Pre-minted, fixed total supply
  • No Token reserved for the team

Where NFT Mets DeFi

MegaCryptoPolis is one of the most popular blockchain games with all the logic built on smart contracts where every player’s action is a transaction and every game item is a token. 

Players acquire Land Plots to construct Buildings using Resources. Resources are the core of gameplay. Wood, Sand, Bricks, etc. are produced in buildings and are required for buildings to be upgraded and operated.

Every time a Resource is being used in the game it’s burned that means the overall supply of a Resource in the game reduces. Each Resource has its own price on the in-game market, that may be different for the same Resource on different networks. Actual deal prices and trading volumes are reported in so-called “MCP Times” newspaper that works just like a block explorer for the game assets:

Last deals av. prices for 1 month.

At the moment all the Resources are traded as NFTs (ERC-721), that does not reflect the nature of a countable asset. $MEGA ERC-20 Token is invented to change that.

The Token for The Decentralized City

The core idea behind the $MEGA Token is making Resources liquid and enabling transfers between Ethereum and TRON network gaming maps. 

Total supply of $MEGA Token is fixed and will not change over time – no Mint or Burn functions are in the smart contract – means there is no way to create or destroy $MEGA Tokens, ever.

100% of Tokens will be initially allocated in the Vault. Players will be able to receive $MEGA from the Vault by depositing Resources to the Vault. The less $MEGA Tokens left in the Vault, the more Resources will be required to receive the same amount of $MEGA from the Vault. 

Resources locked in the Vault could be released by any player using $MEGA Tokens. The more Resources is deposited to the Vault the less $MEGA is required to receive the same amount of Resources from the Vault.

  • The less $MEGA Tokens left in the Vault, the more Resources will be required to receive the same amount of $MEGA from the Vault.
  • The more Resources of that type is deposited to the Vault the less $MEGA will be received in exchange.
  • The more Resources of that type is deposited to the Vault the less $MEGA is required to receive the same amount of Resources from the Vault.

No oracles or external data will be used to determine rates for swaps, totally regulated by demand and Vault supply.

That will create an independent and trustless cross-chain market with no control from developers.

How to Use $MEGA?

$MEGA can be used in several different ways:

  • Release Resources from the Vault,
  • exchange one Resource to another inside a single chain,
  • transfer Resources between chains,
  • presumably, as a storage of value.

How to Get $MEGA?

$MEGA Token can be received by locking Resources in the Vault inside  MegaCryptoPolis game. Resources can be produced in a building, purchased on the in-game market or acquired in Packs from the official store (limited amount). 

$MEGA Tokens will also be available in liquidity pools (Uniswap and JustSwap) and will be added to decentralized exchanges. 

With the recently announced MakerDAO partnership MegaCryptoPolis offers a time limited 30% discount on Packs with Resources when purchased with DAI. 

$MEGA Token Release Schedule

$MEGA Token smart contracts will be deployed and verified on September 24. A week from September 24 to October 1 will be reserved for contract audit, no Token will be used during this period.

$MEGA will become available for acquisition from the Vault both on Ethereum and TRON Networks on October 1 at 1 PM UTC. 

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