Token Model: Angelic employs a well-implemented single-token system (ANGL) with clear roles in gameplay, governance, and crafting. The total supply is capped at 1 billion tokens, ensuring scarcity and value retention, which aligns with good economic design.
Earning Mechanics: The game offers multiple ways to earn tokens, including operating A-Eye nodes, participating in missions, and randomized airdrop rewards. These mechanisms are generally balanced and fair, though they may slightly favor early adopters.
Utility: ANGL tokens have a good range of in-game utilities, including purchasing items, crafting, and governance participation. This enhances the gameplay experience and provides meaningful ways for players to interact with the economy.
Economic Design: The economic model includes mechanisms like halving events and airdrop rewards to ensure long-term token stability. However, the 40% commission retained by the Angelverse Foundation could be seen as a potential risk to decentralization.
Player Experience: The token model offers a good balance between accessibility for new players (through missions and airdrops) and depth for experienced players (via node operation and governance).
Competitiveness: While the token model is solid, it does not significantly differentiate itself from other single-token models in the Web3 gaming space. The governance and crafting utilities are notable but not unique.
Introduction
In the rapidly evolving Web3 gaming landscape, tokenomics plays a crucial role in shaping player experiences, engagement, and long-term sustainability.
Angelic, a Web3 game developed by Metaverse Game Studios, employs a sophisticated token model centered around its native token, ANGL, which is designed to integrate seamlessly with the game's economy and governance.
[1a]This report will cover:
The characteristics of Angelic's token model and its economic design.
The mechanisms through which players can earn and use ANGL tokens.
The utility functions of ANGL tokens and their role in the game's ecosystem.
The strategies employed to ensure long-term sustainability and player engagement.
Token Model and Economic Design
Angelic's token model is built around its native ANGL token, which is capped at a total supply of 1 billion tokens, ensuring scarcity and value retention over time.
[1b]The distribution of ANGL tokens is carefully planned to support the game's growth and incentivize player participation, with 58% of the total supply allocated to the community and the Angelverse Foundation.
[2a]The token distribution is as follows:
40% of the tokens are allocated to the Angelverse Foundation and node operators, with 200 million tokens specifically reserved for A-Eye node operators as rewards for maintaining the game's infrastructure.
[2b]
15% of the tokens are reserved for the Council of Angels (CoA), which governs the future of the game through decentralized decision-making.
[2c]
2% of the tokens are set aside for community-driven airdrop rewards, encouraging active participation and engagement.
[2d]
Earning Mechanisms
Players can earn ANGL tokens through various in-game activities, including operating A-Eye nodes, participating in missions, and engaging in the game's economy.
[3a]The A-Eye Cloud Network, a decentralized infrastructure powered by players, offers a sustainable revenue stream for node operators who maintain consistent uptime, with rewards distributed based on their contribution to the network.
[2e]Additionally, the game features a randomized airdrop reward system, with tokens distributed to node operators who meet a minimum uptime requirement, adding an element of surprise and engagement.
[2f]
Node operators must maintain a minimum of 25% daily uptime to qualify for airdrop rewards, ensuring that only dedicated players are rewarded.
[2g]
The airdrop rewards are distributed over four years, with a halving event occurring every year to reduce the number of tokens distributed, ensuring long-term economic stability.
[2h]
Early adopters are significantly rewarded, with 30% of the reserved airdrop supply distributed in the first year, incentivizing early participation and network contribution.
[2i]
Utility Functions
ANGL tokens serve multiple functions within the Angelic ecosystem, ranging from in-game purchases to governance participation, making them a central element of the game's economy and player progression.
[3b]Players can use ANGL tokens to purchase in-game items such as equipment, skins, and cosmetics, which are essential for enhancing gameplay and character customization.
[1c]Additionally, ANGL tokens are required for crafting and modifying ships, items, and heroes, as well as for participating in DAO operations, giving players a direct role in shaping the game's future.
[1d]
ANGL tokens are used for crafting and designing new heroes, ships, and items, making them a vital resource for player-driven content generation.
[1d]
Players can participate in governance decisions through the Council of Angels by holding and using ANGL tokens, giving them a direct say in the game's development and economic policies.
[4a]
ANGL tokens are also required for initiating mega-construction projects, such as star bases and capital ships, which become available in later stages of the game.
[1f]
Sustainability and Player Engagement
Angelic's token model is designed to ensure long-term sustainability by implementing mechanisms such as halving events, which reduce token supply over time and maintain scarcity.
[3c]The game's revenue model is structured to support both the development of the franchise and the players who contribute to its success, with the largest portion of revenue allocated to node operators.
[3d]By distributing tokens and rewards directly to players, Angelic promotes a decentralized approach to governance and ownership, empowering players to take an active role in the game's ecosystem.
[2j]
The halving system ensures that early adopters are significantly rewarded while maintaining the value of ANGL tokens over time, preventing inflationary pressures.
[2h]
The Angelverse Foundation retains a 40% commission from the game's total revenue, which is crucial for ongoing development and maintenance, ensuring the game's long-term viability.
[3e]
The Council of Angels has the authority to adjust the commission rate based on the game's evolving needs, providing flexibility in managing the game's economic model.
[3f]
Conclusion
Angelic's token model, centered around the ANGL token, demonstrates a well-thought-out approach to integrating blockchain technology with gameplay and governance.
The game's economic design, earning mechanisms, and utility functions effectively support the play-to-earn ecosystem while ensuring long-term sustainability and player engagement.
Key strengths of Angelic's token model include:
The strategic allocation of ANGL tokens to the community, node operators, and the Council of Angels ensures a decentralized and player-centric ecosystem.
[2a]
The integration of ANGL tokens into gameplay, governance, and crafting provides players with meaningful ways to interact with the game's economy and shape its future.
[1d]
The implementation of mechanisms such as halving events and airdrop rewards promotes long-term sustainability and incentivizes early and consistent player participation.
[3c]
