Spider Tanks operates on GalaChain, which has faced significant security challenges, including a $240 million exploit, indicating vulnerabilities in the blockchain infrastructure.
The game employs the Honor System and Dynamic Supply Mechanism to manage the in-game economy and discourage value extraction, promoting economic stability.
However, the departure of key personnel, such as Gala’s president of blockchain, raises concerns about the robustness of the game’s security infrastructure.
The game lacks clear scalability plans and innovative solutions to handle a growing player base, which is crucial for long-term success.
While the Honor System and Dynamic Supply Mechanism are effective, they may require further refinement to ensure long-term economic sustainability.
The game does not demonstrate advanced measures to prevent market manipulation or sophisticated strategies for player engagement and retention.
There is no evidence of proactive community management or advanced interoperability solutions with other blockchain platforms.
Introduction
Risk management is a critical component of sustaining Web3 gaming ecosystems, ensuring security, economic stability, and community trust.
Spider Tanks, a Web3 game developed by Gamedia, operates within a complex environment where blockchain technology, tokenomics, and player engagement intersect.
This report will cover:
The security measures in place to protect against vulnerabilities and exploits.
The strategies employed to maintain economic stability and address token volatility.
The technical and community-driven approaches to scale and retain players while ensuring fair gameplay.
Security Measures
Spider Tanks operates on GalaChain, a proprietary blockchain, which has faced significant security challenges, including a $240 million exploit that was later recovered.
[1a]The game's token, SILK, is governed by smart contracts on both Ethereum and GalaChain, with an official bridge to facilitate transfers between the two, aiming to enhance security and interoperability.
[2a]Despite these measures, the departure of key personnel, such as Gala’s president of blockchain, raises concerns about the robustness of the game's security infrastructure.
[3a]
The $240 million exploit, although recovered, indicates significant vulnerabilities in GalaChain’s security architecture.
[1a]
The dual-blockchain structure, with SILK operating on both Ethereum and GalaChain, provides redundancy but also introduces potential points of failure.
[2b]
Economic Stability
Spider Tanks has implemented mechanisms such as the Honor System and Dynamic Supply to manage the in-game economy and discourage the extraction of value.
[2c][2d]The Honor System penalizes players who bridge SILK out of the ecosystem, reducing their Victory Points and incentivizing reinvestment into the game.
[4a]Recent adjustments to VP earnings for different tank rarities aim to stabilize the economy, with increases for lower-tier tanks and decreases for higher-tier ones.
[5a]
The Dynamic Supply Mechanism allows for adjustments to the Victory Point-to-SILK ratio and component prices, providing flexibility in economic management.
[2e]
The Honor System discourages players from cashing out SILK, promoting long-term engagement and economic stability.
[4a]
Changes to VP earnings for different rarities aim to balance the economy by rewarding lower-tier players more and reducing rewards for high-tier players.
[5a]
Conclusion
Spider Tanks demonstrates a mixed approach to risk management, with both strengths and areas for improvement in addressing security, economic, technical, and community challenges.
While the game has implemented measures such as the Honor System and Dynamic Supply Mechanism to stabilise the economy and retain players, significant vulnerabilities in its blockchain infrastructure and internal leadership issues pose ongoing risks.
The $240 million exploit and the departure of key personnel highlight ongoing security concerns within GalaChain.
The Honor System and Dynamic Supply Mechanism are effective in promoting economic stability but may require further refinement to ensure long-term sustainability.
Further research into the game's scalability and community engagement strategies is needed to assess their effectiveness in maintaining player retention and fair gameplay.
