Problems and solutions
Problem - 1: Smartphone Pedometer
Smartphone pedometers provide the ability to track users' physical activity. However, this function can also be activated by shaking the smartphone mechanically or by hand, and AppTech services that use various smartphone pedometers are exposed to abuse. We conclude that apps that measure the number of steps a user takes and provide rewards or incentives are vulnerable to abusing and can completely destroy the token economy when linked to blockchain.
Problem - 2: X2Eβs Token Economy
Many X-to-Earn (X2E) services have been launched over the years. However, most have suffered from a decline in token value as their popularity increased. As the number of service users increases, a paradoxical problem arises: the number of utility tokens issued increases rapidly, causing the price to fall. This leads to hyperinflation, which causes token values ββto plummet, the normal token economy does not function, and the vicious cycle of user churn repeats.
Solutions - 1: Solving abuse problem
Crypto Hunter World is an innovative platform that combines Move to Earn (M2E) and Play to Earn (P2E) services. We recognize that simple smartphone pedometer systems can threaten the economics of P2E services. To solve this, we utilize the world's first GPS-based pedometer function and cutting-edge blockchain technology to ensure transparency, fairness, and security within the game. This GPS-based pedometer prevents abuse by tracking user activities such as walking speed and steps, etc. Crypto Hunter World's Anti-Cheating System boasts the highest performance among all Move to Play services and plays the most important role in maintaining a stable token economic model. Our system accurately tracks user activity, prevents cheating, and provides a fair gaming environment. With Crypto Hunter World, users can exercise, play games, and earn rewards in a safe and trusted environment.
Solutions - 2: Daily token minting limit
CryptoHunter World limits and manages the daily token minting quantity based on user data. Additionally, we set a maximum on the daily token minting quantity to prevent hyperinflation and stabilize token value. The data that determines the daily token minting quantity is as follows:
Number of users (DAU, MAU)
NFT repair cost
Item Purchase Cost
Utility Token Burn Amount
This data-driven approach allows CryptoHunter World to maintain a sustainable and stable token economy, providing long-term incentives to users and maintaining a healthy ecosystem.
Solutions - 3: Game system linked to token economy
CryptoHunter World is not just a Pay-to-Win service. In this game, there are Cryptids with various types and skills, and the outcome of the battle depends on how you use and combine them. Since not only strong Cryptids win, users need various types of Cryptids according to the established rules and regulations. This system encourages users to make more strategic designs and provides more fun.
Users must strive to own a variety of Cryptids, and they may need to let go of other Cryptids to strengthen their collection. This system allows users to naturally use in-game items and tokens, thereby preventing hyperinflation. As a result, we create a healthy gaming ecosystem by maintaining a balance of in-game items, Cryptids, and tokens.
Solutions - 4: Token Burn Mechanism
While it is important to prevent excessive inflation, a system that appropriately regulates token circulation is also important. CryptoHunter World incorporates utility token usage in various game systems, such as purchasing game items and repairing NFT shoes, and many of the utility tokens used are incinerated and managed.
While some users may strive for short-term profits, others will strive to become Pro-Hunters by reinvesting their tokens for greater growth and opportunities. Such a system will have a significant impact in limiting token inflation and maintaining a stable token economic ecosystem.
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