Blockelite x Seascape AMA Recap

Blockelite x Seascape AMA Recap

Thank you to everyone who joined AMA Blockelite x Seascape on 15th January at 2:00 PM UTC I 9:00 PM UTC+7. Here is the recap for those who missed this AMA.

Our special guest today is David Johansson – CEO & Founder, Nicky Li – COO & Co-founder

Segment 1: Introduction about Seascape and David Johansson – CEO & Founder, Nicky Li – COO & Co-founder

Q1: Can you briefly introduce yourself as well as Seascape?

Nicky Li – COO & Co-founder: Yep, Greetings all, I’m Nicky. Passionate about games and stepped into the Gaming industry in 2014. Experience at established Chinese game studios such as Yoozoo, Forgame and Moonton. Worked as a project manager of , which won the ‘BEST FACEBOOK GAME’ in 2014. It was a huge success and led to a very good market performance. Also worked as a designer and operation team leader on , a WW2 strategy game that also won the ‘BEST FACEBOOK GAME’ in 2016.

Currently leading development of BLOCKLORDS , an innovative medieval grand strategy blockchain game. And also Co-founder and COO of Seascape Network. Personally I got into crypto because of CryptoKitties. Its success also gives me inspiration about combining the games with blockchain technology, allowing “play and earn” to become the next wave in the industry.

David Johansson – CEO & Founder: Hey everyone, I’m David, founder and creative director of the Seascape Network. I’ve been a game developer for the last decade working in studios such as Paradox Interactive, mainly working on historical strategy games. I started getting involved in blockchain in 2016, first as an investor and later as the creator of BLOCKLORDS, which was the first blockchain strategy game. Since then, we’ve received funding and grants from many major blockchain institutions and protocols, and we are ready to take the next step on our journey by developing the Seascape Network, a game platform designed around the Defi and NFT economies!

Q2: Currently, there are many game platforms on the market, how will Seascape bring mainstream attention to its technology? How does Seascape strive to become a leader in the mass adoption of blockchain platforms?

David Johansson – CEO & Founder: Seascape Network is a game platform designed around the Defi and NFT economies!

Having worked with most top 20 chains out on the market, we can say with confidence that most developer tools for blockchains are painfully inadequate. There is a huge learning curve for any given smart contract protocol, and the developer tools and environments are incredibly hard to set up. This is the main reason why ethereum is so popular, because other chains are basically impossible to work with.

With Seascape, we plan to change all of that. By releasing a clear and well-documented set of SDKs, we plan to make game developers be able to tokenize their projects in a much clearer and easier way than anything that is currently available. Our past experience releasing games on multiple chains makes us experts in this matter.

Q3: Please share details about the Seascape ecosystem, how it works? What are the conditions and benefits for both developers and users to join your ecosystem?

Nicky Li – COO & Co-founder: Other than playing our flagship game BLOCKLORDS ,which will see a big boost in user rewards after the token launch, users will be able to participate in a host of DeFi-inspired games, such as The LP Mining Circus, the NFT Brawl slot machine, and the NFT staking saloon which will have huge rewards for those who support or token with liquidity and usage at the start.

Over time, we will boos these community incentives with additional rewards for the gamers, influencers, and developers, creating an ecosystem where everyone can contribute, and be rewarded for it!

Q4: How is Crowns token distributed? Can you share more details of how a user can acquire the token?

David Johansson – CEO & Founder: The Crowns token will be distributed through a variety of means. A small percentage is allocated for private and public investors, as well as the team. But these tokens are locked over a long period of time. The core philosophy of our project is to incentivize our users and developer, so a large majority of the tokens will be distributed to those who use our platform.

Therefore, I strongly urge all of you to interact with our games and get involved in our community, as this will be the absolute best way to receive tokens from the network!

Blockelite Host: Great, if you don’t interact with the project, you won’t get any tokens 🙂 , I like this way
How long is the token locked?

David Johansson – CEO & Founder: Investor tokens will be slowly unlocked in the coming year after launch. The team tokens are locked for 1 year and then slowly unlocked over the next 5 years. Investor + team tokens only make up less than 20% of the total supply, with the remaining 80% going to the community, game rewards, and liquidity incentives 🙂

Blockelite Host: Quite long, But that makes tokens scarce and more grow

David Johansson – CEO & Founder: Excatly, our plan is to grow the supply slower than our community, to ensure there is always strong demand for the token 🙂

Q5: All about the information your share sounds amazing and I guess your team will not stop here. What are your plans for the future?

Nicky Li – COO & Co-founder: Indeed. We won’t stop.The first step of our launch will be to release the Seascape game platform, which will of course host our core strategy game, BLOCKLORDS, but also 3 brand new DeFi mini-games which will provide great opportunities for our users to earn. This will all be released on the Ethereum mainnet as while transaction fees are high, most of the value is still there for our users to grab.

Here are some preview gif of our new games that we exclusive share here today. You guys are the 1st one to see.

Haha those GIFs are too epic, might need to wait a but to send out, forget to compress them.

Following the launch of the Seascape platform, we will begin our transition to Substrate in later 2021. It will begin with a new random number generator developed on Substrate, which will offer a unique decentralized product for other dapp developers in the polkadot ecosystem. We will also release a host of other games, both developed by our own studio and other partners we have made partnerships with. All projects associated with Seascape will use Crowns as the core token for value transfer.

done with this question. I think we can continue while the GIFs are uploading and sending in the group.

Segment 2: 5 best questions from Twitter

Q1: Rebase can be positive or negative, but is the rebase of Crowns always positive? What is the reason for including the rebase function on Seascape?

Nicky Li – COO & Co-founder: Actually, I have some news to share in this group!

Our rebasing mechanic is called ‘Paywave’. Paywave was never about increasing the supply of the token, like projects such as ampleforth. For us it was about redistributing the profits of our games to the players. Because of this, we have decided to rebrand the rebasing mechanic of Crowns to the “Paywave” the paywave will be a weekly occasion where the users who hold Crowns will all receive a share of the game’s profits. This will help drive both engagement and usage of the coins, as well as encourage users to hold the token.

The Paywave is unique in nature because it is the first token mechanic that truly makes the holders owners of the gaming platform they are using. Because so few tokenized game projects actually have games on their platforms, they also have no sinks that will take away tokens from the supply. The first Paywave will not be triggered until a significant portion of the supply has been spent in-game as well, so it will serve as a sync for extra tokens in the early days of the token’s launch.

Q2: Why did you choose Certik as your auditing company? How do you see your future collaboration with Certik on cybersecurity issues?

David Johansson – CEO & Founder: I’ll answer that one
Certik is one of the top 5 trusted auditors in the industry and has earned a reputation for being able to securely audit a variety of complex DeFi oriented smart contracts. They were recommended to us by a number of our investors and partners and after a few discussions we decided to pick them as our main, though not only, auditor. This was the start of a fruitful partnership that has grown since it began.

We have received valuable feedback from them which helped us boost security, and they have said that our smart contracts were some of the best and most well-documented they have had the pleasure to audit. This is definitely going to lead to further collaborations in the future as we both keep pushing the limits of what is possible with DeFi and gaming!

Hope that answers it!

Q3: What are the main differences between BLOCKLORDS 1.0 and BLOCKLORDS 2.0?

Nicky Li – COO & Co-founder: As the producer of BLOCKLORDS (play.blocklords.io), think I have a responsibility to answer this question.

The two versions are different in the following points:
BLOCKLORDS 1.0 is running on TRON and NEO network. Most of the in-game actions are on-chain transactions. The good part is most of the in game data running through our smart contracts and data are logged on-chain, so everything is decentralized and safe. But player need to pay a lot of gas fee on it, and sometimes, need to wait for a long time to finish a transaction. Which will make the game expensive and slow to play. Therefore, we want to upgrade the game to a more user friendly way, so that even player has no knowledge about blockchain can still play the game. We created a none-wallet register process for BLOCKLORDS 2.0, anyone with an email can join this game and explore the fun inside. Also we built an open world gameplay in BLOCKLORDS, so we can keep building both centralized and decentralized gameplay inside. For example, player can buy BLOCKLORDS hero NFT on Ethereum and import into our game to play with it. Later player can also export his hero back to Ethereum and sell on OpenSea to get direct profit.

Done and I promise you that team will continue to explore more in BLOCKLORDS. Such as DeFi gameplay, Season system etc. Stay tunned!

Blockelite Host: With BLOCKLORDS 2.0, i can use my email to join game

Nicky Li – COO & Co-founder: Yes, you are right. And connect with Metamask wallet inside of the game.

Q4: While doing research on Seascape and specifically on the CWS token, I was struck by the concept of “aquaponic yield farming”. Could you explain to us exactly what this farming is and how it works, and what role it plays within your platform?

David Johansson – CEO & Founder: Yes, happy to take that one as I love yield farming myself haha

Aquaponic yield farming is a neologism that refers to the process by which users can earn two different streams of ‘revenue’ – one from an exchange protocol like Uniswap, and one from the protocol for which they are providing liquidity. They will earn fees for contributing to pool in two places, which means that the liquidity providers get double rewarded for participating in a process that rewards the two ends of the pool toward which they are contributing. It’s in fashion recently among DeFi communities. This double reward process also goes to our users giving liquidity to the CWS-ETH pair on Uniswap.

Basically, it is creating systems where the user can earn multiple income streams at once, and it is the core foundation that is powerfing defi now. We plan to take this concept even further with our future games!

Q5: Many times new users get lost or do not understand a new game very easily. Does Seascape plan to somehow help these new users who are entering BLOCKLORDS for the first time? Do you plan to design some kind of map or guide for this purpose?

Nicky Li – COO & Co-founder: The newness of DeFi and DeFi games does often lead to confusion for many new players. And it is imperative to understand how things work in order for both user and developer to succeed in our respective goals. For this reason, we are creating walkthroughs with step by step guides, including images and links to help players understand our games, from the Strategy MMO BLOCKLORDS, to our new DeFi minigames.

We also really want user feedback, especially in the early days, to help us correct any blind spots our team may have missed. So we hope that you all will join us for our launch fairly soon and lend us your suggestions on how we can make our games clearer.

Done, hope this answer the question well.

Segment 3: Live questions.

Q1: Institutional investors are risk averse and cryptocurrencies are very risky. How do you convince them to come into the crypto space and invest in Seascape products?

David Johansson – CEO & Founder: Our short term strategy is to attract investors already familiar with DeFi and crypto for the first wave of platform usage. Once the process has been perfected, we will scale out our efforts to attract mass usage from traditional gamers 🙂 once we have a million+ users, institutional investors will flock in no matter what. This is how we plan to attract institutional investors in the long term, by attracting as many users as possible to revolutionize crypto gaming!

Q2: What are the uses of the Player Created Coins (PCC) of Seascape? players will be able to create their own in-game currencies within the platform, which uses will they have in the games?

Nicky Li – COO & Co-founder: Player-Created-Coins will be a way for users and game developers to create their own in-game currencies that can then be distributed to players or allies within contained ecosystems. Working in a similar way as MakerDAO and the DAI stablecoin, each PCC will be backed by Crowns, and redeemable at any time, but will also grant community members to freedom to create a coin with their own supply amount that can be used in various purposes.

Q3: Sandbox is a gaming + blockchain project that is attracting a lot of users, what is the advantage of Seascape compared to Sandbox? Do you think NFT is the future of game + blockchain?

Nicky Li – COO & Co-founder: There is definitely a lot of room for cooperation with other NFT projects, such like Sandbox. As I mentioned we are already partnered with Opensea who is at the heart of the NFT collectible space, and we plan to do several integrations with other NFT projects, incorporating them directly into our games. I do not have any specific partnerships to announce yet but it is something we are looking at very closely.

Q4: What third party protocols can be harvested within Seascape ? Can your platform serve as a base for external chains to make transactions and make life within it? How would this be handled?

David Johansson – CEO & Founder: Yes, this is basically how we are building out the platform. We want our games to serve as a user interface that our players interact with, while the protocol that does all the blockchain interactions works in the backend without the player experiencing any friction. For example, if you trade an asset, the Seascape SDK tools will scan the 3 top blockchains we are connected with and find the best possible price for that asset, then trade it on that chain. This is how we envision the future of blockchain will be. This concept will work similarly to calculate for example to most profitable APY in the defi games!

Q5: Seascape aims to bring innovative technologies, right? So how will these innovative technologies help the blockchain industry to work more transparently and securely against from hackers?

David Johansson – CEO & Founder: Our main way to bring innovation to blockchain is by opening the floodgates of gaming, which will bring a host of new users and investors whose first crypto experience will be via a game. The industry is still a bit far away from due to poor oboarding and a lack of focus on user experience, but we are treating it as our #1 goal. If we are successful, Seascape will usher in a new era in the world of blockchain usability and interest.

Q6: Could you please elaborate more about your tokenomics? What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?

Nicky Li – COO & Co-founder: Crowns total supply is 10,000,000. Here let me share our token allocation and release chart so you guys can have a clear look.

Token Allocation
Token Vesting

Q7: What is the purpose of the strategy that staked NFTs will be burned when players claim the CWS rewards?

David Johansson – CEO & Founder: The idea of burning NFTs is to create a careful balance that will keep the supply of tokens and NFTs intricately tied. I think in order to explain this better, I need to explain our new defi games in more detail….

In the game called NFT BRAWL, users have the option to spend Crowns to get an NFT of random quality. In this game any player can choose to spend any amount they wish to mint NFTs. These Crowns will be locked up in the community pool to be later redistributed to holders via our Paywave system . This is one of the many options users will have to spend Crowns on the Seascape platform. But how or when Crowns are spent is entirely up to the user.

The NFT staking game, which is named STAKING SALOON, works in a similar fashion. A user can stake an NFT and start earning Crowns. The APY will be significant in size. But the catch here is that to claim the Crowns, the NFT will be burnt. Meaning that the user will have to make a decision: “Do I claim now and lose my NFTs to get the reward?” or “Do I wait until the end of the event to get the maximum amount of rewards?” This will make users think twice before claiming their rewards, which is what we wanted.

By doing this, we ensure that there aren’t too many NFTs in circulation, as they have to be burned to claim and crowns rewards, which will have a positive impact on the average NFT price. In same way, if too few nfts are in circulation and the staking rewards become crazy high, crowns will have to be spent to create new nfts, which will have a positive impact on the price of Crowns.

Nicky Li – COO & Co-founder: Great AMA! Sorry we can only pick few good questions and answer here today, But we are always happy to meet you guys and answer more in our community, please join if you feel pump about what we are doing:

👉Join our TG chat chanel
https://t.me/seascapenetwork
👉Stay tuned for more info
https://t.me/seascapenetworknews
👉 Research the project
https://www.flow.page/seascape