Game icon

Eldarune

elda

$0

-2.50%

73

Chain

    Avax - Avalanche
    BNB Smart Chain
    Immutable zkEVM

Platform

  • Android icon
  • PC icon

Category

Action, Fighting, Idle, Medieval, MOBA, Multiplayer, PVE, PVP, RPG, Trading card game

TOKENOMICS section for Eldarune

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TOKENOMICS - SUMMARY

Summariser (N/A)
75

Significance

Eldarune's tokenomics framework is pivotal in shaping its economic sustainability, player engagement, and long-term viability within the Web3 gaming ecosystem. The framework incorporates a deflationary token model, strategic burn mechanisms, and decentralized governance, aiming to balance player incentives with long-term economic health. However, challenges such as token utility limitations, inflationary risks, and concerns over allocation fairness present potential vulnerabilities in the model.

  • Eldarune's ELDA token primarily supports staking, upgrades, and NFT purchases, limiting broader gameplay integration and potentially alienating average players.
  • The maximum supply of 600 million ELDA tokens and significant allocations for public sale and in-game rewards raise concerns about potential inflationary pressures and market saturation.
  • Token allocation fairness is criticized, with 15% going to the team and significant shares to investors, potentially disadvantaging smaller token holders and delaying decentralization.
  • The deflationary model, supported by strategic burns and staking pools, enhances token scarcity and value retention, while decentralized governance through the ELDA DAO fosters community trust and engagement.
  • The multi-chain infrastructure, including Avalanche, BNB Smart Chain, and Immutable zkEVM, ensures scalability, security, and interoperability, aligning with the game's growth and environmental sustainability goals.
  • Smart contracts and wallet infrastructure leverage Immutable zkEVM for advanced gameplay and security, while wallet-free login options enhance accessibility and user experience.

Completeness

While Eldarune's tokenomics framework demonstrates several strengths, certain areas require further analysis to fully assess its long-term viability and fairness.

  • The 'Other' category in token allocation, comprising 42.5%, lacks detailed information, raising questions about its purpose and impact on fairness.
  • The long-term effectiveness of the deflationary model and token burn mechanisms remains untested, warranting further evaluation as the game evolves.
  • The integration of NFTs into staking and earning mechanisms, while innovative, requires deeper analysis of its impact on player engagement and token value stability.

Bibliography

[1] Akira Ming. Eldarune Secures 50,000 IMX Grant in Major Partnership with Immutable. PlayToEarn. Available from: https://playtoearn.com/news/eldarune-secures-50000-imx-grant-in-major-partnership-with-immutable

[2] Bybit Learn. Eldarune (ELDA): The Future of Personalized Gaming With AI | Bybit Learn. Bybit Learn. Available from: https://learn.bybit.com/gamefi/what-is-eldarune-elda

[3] Coin Edition. Interview with Can Picak: Is Digard the Next Big Thing in Web3 Gaming? Coin Edition. Available from: https://coinedition.com/interview-with-can-picak-is-digard-the-next-big-thing-in-web3-gaming/

[4] CryptoRank. Eldarune Funding Insights. CryptoRank. Available from: https://cryptorank.io/ico/eldarune

[5] Eldarune. Eldarune Set to Revolutionize Blockchain Gaming with Immutable. Medium. Available from: https://eldarune.medium.com/eldarune-set-to-revolutionize-blockchain-gaming-with-immutable-bff581105937

[6] Eldarune. Q3 2024 | $ELDA Investor Spotlight. Medium. Available from: https://eldarune.medium.com/q3-2024-elda-investor-spotlight-2c11f9fda1f1

[7] Eldarune. Eldarune M.E.G.A News - HoE Updates & What’s Coming Next! Medium. Available from: https://eldarune.medium.com/eldarune-m-e-g-a-news-hoe-updates-whats-coming-next-a0f5ae3885ae

[8] Eliza Crichton-Stuart. Eldarune Avalanche Integration and 250K Gaming Tournament. GAM3S.GG. Available from: https://playtoearn.com/news/eldarune-journey-elda-and-nft-rewards

[9] Eliza Crichton-Stuart. Eldarune Journey Offers New Gameplay Experience. GAM3S.GG. Available from: https://gam3s.gg/news/eldarune-journey-new-gameplay

[10] Laurie Dunn. Eldarune Is Making a Big Comeback in 2024. CryptoDaily. Available from: https://cryptodaily.co.uk/2024/05/eldarune-is-making-a-big-comeback-in-2024

[11] Marvie Basilan. Multi-Chain Eldarune Integrates With Avalanche, Starting With Exclusive Free Mint Event. International Business Times. Available from: https://www.ibtimes.com/multi-chain-eldarune-integrates-avalanche-starting-exclusive-free-mint-event-3733441

[12] digalabs.gitbook.io. ELDA DAO. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/elda-dao

[13] digalabs.gitbook.io. Technology. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/about/technology

[14] digalabs.gitbook.io. ELDA Runes: Utility NFT Collection. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/nfts/elda-runes-utility-nft-collection

[15] digalabs.gitbook.io. NFTs. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/nfts

[16] digalabs.gitbook.io. ELDA Token Introduction, Utilities, and Token Metrics. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/game-economy-and-business-model/elda-token-introduction-utilities-and-token-metrics

[17] digalabs.gitbook.io. Scarcity. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/game-economy-and-business-model/scarcity

[18] digalabs.gitbook.io. Game Economy and Business Model. digalabs.gitbook.io. Available from: https://digalabs.gitbook.io/whitepaper_eldarune/game-economy-and-business-model

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