Name of Project
Pirates
Application type
Product launch
Proposal overview
This is a proposal for a play-to-earn game that we want to build for Harmony ecosystem. The game is a beautiful novel integration of the ERC 20 + ERC 721 token standards and has the potential to entice user adoption of the Harmony Ecosystem.
The game consists of two categories of NFTs, which are the SHIPS and the PIRATES, and an ERC20 token $TRS (Treasure). NFTs can be minted on the game by paying a certain amount of ONE { the price to be determined by the demand for minting new NFTs }. The minted NFT has a 95% chance of being a SHIP while a 5% chance of being a PIRATE.
SHIPs complete voyages in a certain amount of time, different ships have different TOV ( Time of Voyage), and the shorter the TOV, the rarer is the NFT. On completion of a Voyage, SHIPs yield $TRS, which can then, later on, be cashed through a DEX.
PIRATEs are rarer NFTS, PIRATES have an attribute FEAR associated with them. The greater is the FEAR, the rarer is that particular PIRATE NFT. 15% of all $TRS sold on exchanges go to PIRATE holders and for every sale happening on an exchange, there is a 40% chance of the $TRS associated with the transaction being stolen.
The rarer is the pirate NFT { i.e the greater is the FEAR }, the higher is the chance of stealing the $TRS. PIRATEs can also have a 10% chance of stealing a new mint!
The game creates a dynamic play-to-earn implementation. The ERC 20 + ERC 721 integration of the game allows an active exchange to emerge that is dynamic, fast, and sustainable at the same time.
The game is being built by the team at Wow Labz. Wow Labz is one of India’s leading venture studio and product development firms. The team has previously built a decentralized storage protocol called Lake Network - Link shared in comments in addition to multiple dApps on Ethereum, Stellar, EOS, and Hyperledger.
A list of centralized apps published can be found here which includes products built for Fortune 500 companies. The team has also built a 10k+ strong member community called Polkadot India.
Proposal ask
We are requesting $50K in equity-free contribution with the following milestones
$10K - launching a feature-complete game on testnet,
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs,
$10K - mainnet launch
$10K - 1K users, and
$10k - 10k users.