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So where does the crypto in the game actually come from? In other words, what backs it?
๐ง Let's figure it out. This might get a bit complicated, but I hope you'll understand.
๐ค Usually, a crypto game has its own tokenโthe heart of the game. It's either limited in quantity or not. In MetaTrace, we have both: TRC (finite) and ACE (infinite). And like any token, it must be backed by something (real assets).
But if you produce something infinitely, or even just too much, it loses its value. Makes sense, right? So what do we do then?
We periodically burn tokens, thereby reducing their quantity. Okay.๐ค
But if we keep distributing tokens in the game, their value will start to drop again. And this will turn into that scary termโa Ponzi scheme. Tokens can't just appear out of thin air (just like regular money).
So, we need a balance that allows players to win a lot of tokens without breaking the game's economy. How do we achieve this?
50 ๐ (since you love to give them), and we'll release a continuation where we tell you about the solution we came up with.
But if you produce something infinitely, or even just too much, it loses its value. Makes sense, right? So what do we do then?
We periodically burn tokens, thereby reducing their quantity. Okay.
But if we keep distributing tokens in the game, their value will start to drop again. And this will turn into that scary termโ
So, we need a balance that allows players to win a lot of tokens without breaking the game's economy. How do we achieve this?
50 ๐ (since you love to give them), and we'll release a continuation where we tell you about the solution we came up with.
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MetaTrace | $TRC
So where does the crypto in the game actually come from? In other words, what backs it? ๐ง Let's figure it out. This might get a bit complicated, but I hope you'll understand. ๐ค Usually, a crypto game has its own tokenโthe heart of the game. It's either limitedโฆ
It seems like you're not very active. So, come on, letโs step it up and hit 30 ๐, shall we?
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MetaTrace | $TRC
So where does the crypto in the game actually come from? In other words, what backs it? ๐ง Let's figure it out. This might get a bit complicated, but I hope you'll understand. ๐ค Usually, a crypto game has its own tokenโthe heart of the game. It's either limitedโฆ
Great ๐ thank you all for the engagement!
So, hereโs the challenge: to build a stable economy in the crypto game (to keep the gameplay exciting and make sure prizes donโt just come out of thin air). Hereโs what weโve managed to come up with๐ช โฌ๏ธ
So, hereโs the challenge: to build a stable economy in the crypto game (to keep the gameplay exciting and make sure prizes donโt just come out of thin air). Hereโs what weโve managed to come up with
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How to earn in MetaTrace? ๐ค
This is one of the most popular questions we get. To clarify, since itโs a game, weโre not talking about straightforward "earnings" but rather the chance to win cryptocurrency. In this post, Iโll explain how the reward system works and where the funds come from.
Main Gameplay:
๐ธ Collecting Pins: Your avatar moves around the game world, gathering pins.
๐ธ Resources and Tasks: Each pin contains various resources and tasks.
๐ธ Getting Tickets: A Gold Ticket can drop from a Pin if you have a subscription or it can be purchased in the store. Silver Tickets can be bought with GEMs in the store.
๐ธ Using Tickets: Tickets give you a chance to win a reward in the AirDrop.
๐ธ Frequency: On average, a player can get 4 Gold Tickets per day.
๐ธ Opportunities: The more you play and the higher your avatar and office level, the more tickets you can get.
How are rewards distributed in the AirDrop?
Rewards come from a common pool that is formed every two weeks. The pool consists of:
๐น In-game purchase revenue: All funds from purchases in the app store, Telegram bot, and web platform go into the pool.
๐น Marketing budget: We also contribute a portion of our marketing budget to increase the prize pool and attract new players.
๐น Virtual resources: The pool also includes pet shards, gems, and tickets.
The marketing budget is our investment in project growth, allocated as a percentage to create larger prizes.
How does the prize system work?
Each ticket has a certain value, from pet shards to a major cryptocurrency prize. The more actively and frequently you play, the higher your chance to win the GRAND PRIZE๐ฅ
Growth Strategy
We plan to increase the prize pool every two weeks and continue attracting new players. The more players and the more purchases they make, the bigger the Super Prizes will be. Our goal is to reach a Super Prize of ONE BITCOIN within 3-4 months๐ค
This is one of the most popular questions we get. To clarify, since itโs a game, weโre not talking about straightforward "earnings" but rather the chance to win cryptocurrency. In this post, Iโll explain how the reward system works and where the funds come from.
Main Gameplay:
๐ธ Collecting Pins: Your avatar moves around the game world, gathering pins.
๐ธ Resources and Tasks: Each pin contains various resources and tasks.
๐ธ Getting Tickets: A Gold Ticket can drop from a Pin if you have a subscription or it can be purchased in the store. Silver Tickets can be bought with GEMs in the store.
๐ธ Using Tickets: Tickets give you a chance to win a reward in the AirDrop.
๐ธ Frequency: On average, a player can get 4 Gold Tickets per day.
๐ธ Opportunities: The more you play and the higher your avatar and office level, the more tickets you can get.
How are rewards distributed in the AirDrop?
Rewards come from a common pool that is formed every two weeks. The pool consists of:
๐น In-game purchase revenue: All funds from purchases in the app store, Telegram bot, and web platform go into the pool.
๐น Marketing budget: We also contribute a portion of our marketing budget to increase the prize pool and attract new players.
๐น Virtual resources: The pool also includes pet shards, gems, and tickets.
The marketing budget is our investment in project growth, allocated as a percentage to create larger prizes.
How does the prize system work?
Each ticket has a certain value, from pet shards to a major cryptocurrency prize. The more actively and frequently you play, the higher your chance to win the GRAND PRIZE
Growth Strategy
We plan to increase the prize pool every two weeks and continue attracting new players. The more players and the more purchases they make, the bigger the Super Prizes will be. Our goal is to reach a Super Prize of ONE BITCOIN within 3-4 months
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Weโve identified the source and have already fixed everything. Thanks to everyone who reported the issues.
P.S. If youโre still experiencing any errors for any reason, please reach out to โก๏ธsupport
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After studying the market and various economic models in crypto games, we noticed that many either turn into bubbles with declining interest or donโt involve cryptocurrency in the game balance at all
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But we need your reactions (and not just thumbs down)
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I previously explained how the Airdrop currently works. And thereโs a reason for that. ๐ซก
Itโs the first step, you could say.
On November 14, weโll be taking the second step! Whatโs that about?
๐ช Weโre gradually moving toward rebalancing Airdrop as a game mechanic.
Whatโs changing:
-โฌ๏ธ First of all, the best part โ weโre increasing the prize pool
-๐ฅ Airdrop prizes will be split into seasons. New season, new prize pool
-๐ Each season will have a limited number of prizes
-โจ The prize pool will refresh at the end of each season (just to make it extra clear)
The current season will be launched as a test on November 14 and will run until the next update. And Iโm sure you have plenty of questions. So, leave them in the comments๐
Iโll be sharing all the details tomorrow, so make sure to turn on notifications๐
Itโs the first step, you could say.
On November 14, weโll be taking the second step! Whatโs that about?
Whatโs changing:
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-
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The current season will be launched as a test on November 14 and will run until the next update. And Iโm sure you have plenty of questions. So, leave them in the comments
Iโll be sharing all the details tomorrow, so make sure to turn on notifications
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This change prevents attacks, thefts, and the exploitation of vulnerabilities before they even happen.
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MetaTrace | $TRC
So, how does the hold work?
It automatically counts down 7 days, starting from the moment you receive the reward in the game.
๐ One important note: every withdrawal has a fee of 50 ACE. Keep in mind that for a successful withdrawal, your amount must be at least 50 ACE less than your current balance.
Give a ๐ if you also believe that security in crypto is essential!
It automatically counts down 7 days, starting from the moment you receive the reward in the game.
Give a ๐ if you also believe that security in crypto is essential!
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Whatโs next? With each new player, it became clear: the success of games like this began and ended with Pokemon GO.
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So, we introduced the Game Spinner mechanic in version 1.4, and most players loved it!
Few people know, though, that this was the start of a whole series of map-related updates.
P.S. Current mechanics will remain relevant, so donโt worry! I saw some concerns in the comments on the last post.
50 reactions, and Iโll swap them for more update details.
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Important Announcement โ๏ธ
Today, our $ACE smart contract was attacked, putting some funds at risk. We immediately suspended all operations, initiated an investigation with experts, and are working on a compensation plan for affected users. Please refrain from any interactions with the $ACE contract until further notice.
We appreciate your trust and will keep you updated on all developments.
Today, our $ACE smart contract was attacked, putting some funds at risk. We immediately suspended all operations, initiated an investigation with experts, and are working on a compensation plan for affected users. Please refrain from any interactions with the $ACE contract until further notice.
We appreciate your trust and will keep you updated on all developments.
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What happened yesterday?
Yesterday, our system was subjected to an external attack, which resulted in the ACE smart contract being compromised. The attackers generated 10^16 ACE tokens and stole around 1 million TRC.
At approximately 17:00 UTC, we suspended the ACE contract and all game-related service contracts.
These measures are essential to identify threats, thoroughly assess damages, and prevent further attacks.
Currently, we are continuing our investigation. However, we have already implemented security enhancements to reinforce our defenses. Services will be resumed under normal operation soon.
๐ณ๏ธ We are also developing a compensation plan to address the damage caused to players, including a complete review of security measures to prevent similar incidents in the future.
In upcoming posts, Iโll provide more details on:
- Our recovery plan
- Immediate actions weโre taking to stabilize the situation
- The future of in-game assets, including the ACE token
- Our strategy for maintaining player trust
Thank you for your understanding and support. We highly value your trust and are doing everything possible to ensure future security.
โ The MetaTrace Team
Yesterday, our system was subjected to an external attack, which resulted in the ACE smart contract being compromised. The attackers generated 10^16 ACE tokens and stole around 1 million TRC.
At approximately 17:00 UTC, we suspended the ACE contract and all game-related service contracts.
These measures are essential to identify threats, thoroughly assess damages, and prevent further attacks.
Currently, we are continuing our investigation. However, we have already implemented security enhancements to reinforce our defenses. Services will be resumed under normal operation soon.
In upcoming posts, Iโll provide more details on:
- Our recovery plan
- Immediate actions weโre taking to stabilize the situation
- The future of in-game assets, including the ACE token
- Our strategy for maintaining player trust
Thank you for your understanding and support. We highly value your trust and are doing everything possible to ensure future security.
โ The MetaTrace Team
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MetaTrace | $TRC
What happened yesterday? Yesterday, our system was subjected to an external attack, which resulted in the ACE smart contract being compromised. The attackers generated 10^16 ACE tokens and stole around 1 million TRC. At approximately 17:00 UTC, we suspendedโฆ
UPD
โก๏ธ We have identified the source of the issue and are actively working to address all related scenarios.
However, this will take time.
Full system functionality will be restored by early next week.
โ๏ธ Until then, our top priority is ensuring security. Unfortunately, some services will operate with limitations, but the wallet and marketplace will continue to function normally.
We understand the inconvenience this may cause and are making every effort to resolve the issue. Your support is incredibly important to us during this challenging time.
๐ณ๏ธ Tomorrow, Iโll share details about the upcoming changes for our game. Thank you for staying with us!
However, this will take time.
Full system functionality will be restored by early next week.
We understand the inconvenience this may cause and are making every effort to resolve the issue. Your support is incredibly important to us during this challenging time.
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The recent incident has been a major shock for the entire project.
This event has led us to re-evaluate certain aspects of the game to create a stronger and more secure system.
This means that:
This is a crucial decision for the future of the MetaTrace project.
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Global Changes (2/3)
๐ The Future of D2E
D2E has been with us since the early days of MetaTrace, and it will continue to be! We understand that the Drive 2 Earn mechanic is important to many of you, especially those who own NFT Cars.
But we also recognize it needs some improvements.
What does this mean for you?
โ๏ธ Temporary D2E Reconstruction: Starting with the next update, D2E will be temporarily disabled for upgrades. We plan to complete this work within a few weeks. This time is needed to implement changes, test balance, and ensure smooth functionality.
๐ What about NFT Cars?
โญ๏ธ Your NFT Cars are safe: All your cars will be preserved with their full attributes. After the reconstruction, NFT Cars will continue to play a central role in the D2E mechanic.
๐ซถ Bonus for waiting: As a thank-you for your patience, all NFT Car owners in the game will receive additional rewards after the reconstruction is complete. Details will be shared soon.
๐ Temporary Freeze on Operations: Until the work is finished, depositing and withdrawing NFT Cars will be temporarily paused.
Our team is working hard to bring back D2E as soon as possible and make it even better!
D2E has been with us since the early days of MetaTrace, and it will continue to be! We understand that the Drive 2 Earn mechanic is important to many of you, especially those who own NFT Cars.
But we also recognize it needs some improvements.
What does this mean for you?
๐ What about NFT Cars?
Our team is working hard to bring back D2E as soon as possible and make it even better!
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MetaTrace | $TRC
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Global Changes (3/3)
๐ถโ๐ซ๏ธ Why are we replacing ACE with TRC?
It seems that creating a model with two tokens was a miscalculation on our partโฆ But where exactly? It turned out to be more complex than we anticipated. The use of ACE failed to meet either your expectations or our own.
๐จโ๐ป After thorough analysis, we concluded that using a single token in the game would benefit its development, maintain game balance, enhance economic security, and make it clearer for new users.
โญ๏ธ As a result, the game becomes easier to play. Youโll use a single token, and weโll focus on developing a single token.
๐ Additionally, almost half (46.9%) of the total TRC token issuance was allocated for rewards from the very beginning. This means TRC will gain more utility, and its use within the game economy will be more cyclical.
โค๏ธ What will happen to the existing ACE?
We will convert all existing tokens into TRC. We've taken all necessary snapshots for calculations.
The conversion process will begin next week, and all details on the terms will be shared in upcoming posts, so stay tuned.
It seems that creating a model with two tokens was a miscalculation on our partโฆ But where exactly? It turned out to be more complex than we anticipated. The use of ACE failed to meet either your expectations or our own.
We will convert all existing tokens into TRC. We've taken all necessary snapshots for calculations.
The conversion process will begin next week, and all details on the terms will be shared in upcoming posts, so stay tuned.
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