The token unlock schedule is flexible and community-driven, with monthly buybacks and staking mechanisms to stabilize the economy, fitting the 'Good' tier's adaptability and economic balance criteria.
Transparency is maintained through community voting on key token management decisions and pre-announcements of changes, aligning with the 'Good' tier's transparency and community governance facets.
The alignment with development milestones and economic model shows a reasonable plan for evolving emissions and new features, such as the Starry Sky Treasure Hunt, which supports the 'Good' tier's unlock schedule and distribution aspects.
The lack of a clear supply cap and detailed information on the token’s emission schedule raises concerns, preventing it from reaching the 'Excellent' tier.
The token management strategy is competitive within the Web3 gaming space but lacks innovative features that distinguish it significantly.
Introduction
Tokenomics plays a pivotal role in the success of Web3 games, influencing player engagement, economic sustainability, and long-term growth.
Project Matthew, a blockchain-based simulation game, has implemented a token economy centered around its native currency, Matthew Coin ($ MC), which is integral to its play-to-earn mechanics.
[1a]This report will evaluate the extent to which Project Matthew’s token unlock schedule and supply management strategy demonstrate a well-planned, transparent, and adaptable approach, while supporting the game’s economic model and long-term sustainability.
An analysis of the token unlock schedule and supply management strategy, focusing on transparency and adaptability.
An examination of how the token economy aligns with the game’s economic model and development milestones.
An evaluation of community governance mechanisms and their impact on tokenomics.
Token Unlock Schedule and Supply Management
Project Matthew’s token unlock schedule and supply management strategy are characterized by flexibility and community-driven decision-making.
[2a]The team has proposed a mechanism to stop MC minting, ensuring that all MC rewards come from monthly buybacks rather than new token creation.
[2b]This approach aims to enhance the token’s scarcity and value, while addressing concerns about excessive supply pressure.
[3a]
Monthly buybacks are conducted to stabilize the token economy, with 50%-70% of future ticket revenues allocated for this purpose.
[4a]
The team has introduced a staking system that enhances the conversion efficiency of $ MC, reducing time required for conversions and increasing token utility.
[5a]
Community voting is used to decide on key aspects of token management, such as minting and buybacks, ensuring a transparent and inclusive approach.
[2c]
Alignment with Economic Model and Development Milestones
Project Matthew’s token economy is designed to support both free-to-play and play-to-earn models, with $ MC serving as the core currency for in-game transactions.
[1a]The removal of the staking system and the introduction of new features, such as the Starry Sky Treasure Hunt, demonstrate the team’s commitment to evolving the game’s economy based on player feedback.
[4b]The game’s economic adjustments, such as enhancing the value of lands and expanding gold coin utility, are aimed at creating a balanced and sustainable play-to-earn experience.
[3b]
Players can earn $ MC through in-game activities, such as completing missions and trading, which incentivizes active participation in the game’s economy.
[1c]
The introduction of the Celestial Clash feature will reward players with $ BNX based on $ MC production, further integrating the token into the game’s economy.
[5b]
The team’s roadmap includes continuous updates and optimizations, ensuring that the token economy evolves in line with the game’s development milestones.
[1d]
Community Governance and Transparency
Project Matthew’s token economy is shaped by active community participation, with key decisions on token management being put to a vote.
[2a]The team has implemented an open and transparent adjustment mechanism, allowing for automatic calibration of dungeon output and combat difficulty based on player activity.
[4c]This approach ensures that the game’s economy remains balanced and responsive to player input, fostering trust and engagement within the community.
[4d]
Community voting on MC minting and buybacks allows players to directly influence the token’s supply and distribution, ensuring a fair and transparent process.
[2e]
The team has committed to pre-announcing changes to existing mechanics and future releases, allowing for community discussion and feedback before implementation.
[4e]
This emphasis on transparency and inclusivity has helped build a strong and engaged community, which is essential for the long-term success of the game.
[4d]
Conclusion
Project Matthew’s token unlock schedule and supply management strategy demonstrate a flexible and community-driven approach, with a focus on enhancing token utility and maintaining economic balance.
The game’s economic adjustments and alignment with development milestones reflect a commitment to creating a sustainable and engaging play-to-earn experience.
However, the lack of a clear supply cap raises questions about the long-term impact of token emissions on the game’s economy.
The implementation of community voting and transparent adjustment mechanisms ensures that the token economy remains responsive to player input and market conditions.
The introduction of staking and buyback mechanisms enhances token utility and value, while addressing concerns about supply pressure.
Future research should focus on evaluating the long-term sustainability of the token economy, particularly in relation to token emissions and supply management.
Additional information on the token’s emission schedule and its impact on the game’s economy would provide a more comprehensive understanding of its long-term viability.
