The Splinterlands crew just lately revealed that they had been engaged on a franchise of sports activities associated video games, beginning with Genesis League Soccer. That franchise, often called Genesis League Sports activities, simply launched their whitepaper, offering some particulars about their plans for this sports-related, play to earn ecosystem.
Genesis League Sports activities is a blockchain primarily based, play to earn, gaming system designed for sports activities associated appps. The primary recreation deliberate is Genesis League Soccer, in partnership with the Main League Soccer Gamers Affiliation (MLSPA). Anticipate extra data on this recreation quickly.
This gaming ecosystem will run on the Hive blockchain. Splinterlands has been on Hive for years and the crew feels assured in its capacity to deal with the transaction load. And since Hive gives free transactions, gamers solely need to pay market charges when shopping for or promoting NFTs.
Genesis League Sports activities Tokenomics
Genesis League Sports activities (GLS) will function three tokens, Genesis League Governance Token (GLX), Genesis League Steady Token (GLUSD), and Genesis League Recreation Time (GLGT). GLUSD shall be a stablecoin for the ecosystem, pegged to $1 with reference to in-game purchases. Genesis League Recreation Time is sort of like VOUCHERS in Splinterlands. Gamers accumulate GLGT from staking GLX tokens. GLGT tokens will then supply reductions or entry to particular promotions in future gross sales and occasions.
As for the governance token, every GLX token will present one vote within the DAO group. Distribution and staking of GLX works identical to the SPS token. The truth is, SPS stakers will obtain an preliminary airdrop of 100,000,000 (100M) tokens, vested over 12 months. Extra distributions go to those that stake GLX, liquidity suppliers, validator rewards, the DAO fund, and preliminary play to earn rewards. Nevertheless, the majority of the tokens, 70%, are reserved for future partnerships. Apparently, the crew will put forth proposals for partnerships, that are then voted on by way of the DAO.
And as soon as the DAO system is dwell, for a small price, anybody can submit their very own proposals. The vote then has to fulfill a sure minimal proportion of accessible votes, and move with the approval charge (actual numbers not but identified).
The DAO replenishes its funds from market and recreation charges, and no matter different sources the DAO appproves.
The GLX airdrop is deliberate to start in October of 2022, with DAO staking and governance coming quickly after.
Extra about GLS
Genesis League Sports activities will assist their very own validator nodes, with a free license airdrop to these with SPS validator node licenses. These licenses permit anybody to take part in sustaining the ecosystem in return for token rewards. GLS needs to incorporate completely different recreation modes for his or her sports activities initiatives. This might embrace supervisor video games, the place gamers create their NFT lineups and submit them for outcomes. It might additionally embrace fantasy and prediction brackets, with the outcomes primarily based on the productiveness of the true life gamers.
GLS plans to have their very own NFT market and rental system. As well as, they need to supply Stadiums and arenas as NFT belongings that gamers can enhance and stage up.
All the video games on the Genesis League Sports activities system will embrace play to earn alternatives. That is finished by way of a rewards shares system. This form of system is being adopted by extra blockchain video games as a technique to unfold the wealth whereas additionally rewarding those that play essentially the most and win essentially the most. Mainly, each win throughout a interval (normally a day) earns reward shares. On the finish of the day, everybody receives a proportion of the rewards pool primarily based on what proportion of the full reward shares they earned that day. Rewards shares also can generally be affected by the forms of NFTs used, quantity of tokens staked, guild membership, and many others.
So, in abstract, take all the options from Splinterlands and put them into video games primarily based on actual life sports activities and you’ve got Genesis League Sports activities! Sounds fairly good to me!
Learn their whitepaper for extra particulars and observe them on Twitter.
