Hello everyone, we are the Moonkey team, a group of friends passionate about tech, gaming and crypto.
Why are we here?We would like feedback and opinions on the project we are developing.
What are we developing?We are developing a token that will serve as a support to organize gaming tournaments / duels. A concept that we called GaFi for Gaming Finance.
What is its use case?Everyone will be able to create lobbies and define the entry price and the sharing of winnings in the case of a tournament. There will also be the possibility to organize a free tournament by providing the winnings and the number of places available.
The winner(s) will be rewarded with the lobby's MNKs according to the defined rules. This principle can be extended to virtually any game such as League of Legends, Fortnite, WoW, and many others with an API.
How does it work?The web platform interacts by smart contracts to create new lobbies, manage rewards, etc... But also to know the results of the duels / tournaments by an oracle. This allows the system to be fully decentralized and give trust to both parties.
The token?The Moonkey (MNK) will be the first GaFi token.
There will be 100 million MNK in total but only 40 million will be issued upon creation. The rest will be distributed to stakers according to the following calculation:
APY / token = (amount remaining to be mined * 0.35) / circulating supply.
Which gives the following diagram if all the tokens are staked:
https://imgur.com/a/OvDOnXX(as a new member i'm not able to post an image)
Staking rewards will also include tournament winnings taxes set at 0.5% of winnings.
On which blockchain? Tron.
Why? Because of the transaction fees, the short time per block and the compatibility with Ethereum and BSC.
Thanks for your time, any feedback is greatly appreciated.
