we hosted an amazing AMA with Dragon mainland on the 10th of October
And here we will put some of the best questions:
Q1. Can you briefly introduce yourself as well as Dragon Mainland? and from where you get the project name? What does it mean to you? And why you choose this name for your project? What is your mission and vision to build this project? What you want to achieve Through your project in future?
My quick background is I started off as a stock market trader in the late 1990’s trading Internet stocks. I did very well and started my own hedge fund and ran it up to $300 Million USD at its peak.
Then I was a founder of a Biotechnology company sold to a publicly listed Nasdaq company. Had an organic food and beverage company sold to my former business partner.
Then I was the CEO and Founder of a Blockchain company called GoChain. We successfully raised $15 million USD in our ICO in 2018 and won the Binance community listing vote by the largest margin ever, ticket symbol GO. At GoChain we partnered with several Fortune 500 and public companies like Microsoft, Dish Network, and Enviva. GoChain has primarily turned its focus to Supply Chain with its Chainsparency platform. They also have an NFT platform called Zeromint.
There’s more but I’ve had a very successful corporate background and been active in the blockchain crypto space for the past 6+ years.
DMS is a brand new “play to earn” game that’s a fully immersive 3D encrypted NFT collectibles game.
The idea of Dragon Mainland came from How to Train your Dragon. Dragons have long captivated both Eastern and Western cultures. Most recently with movies and TV shows like Avatar, Game of Thrones, Lord of the Rings and many others.
We feel like the idea of breeding, raising and fighting Dragons 🐉 will captivate gamers and is something exciting.
We aim to create a fully decentralized community or a DAO . The community will be able to validate all transactions and activities inside the game which provides a level playing field for everyone involved.
It’s the intersection of gaming + DeFi + NFTs in a larger Dragon Ecosystem.
Our vision is create a mutually rewarding GameFi platform where the incentives are aligned for all the stakeholders. We aim to facilitate new economic opportunities in the “play to earn” space. We are bringing to market a new deflationary token ecosystem which should incentivize investors and gamers to hold the token and play the game.
Q2. There always competition in the blockchain technology. How does #Dragon game plan to be at the forefront of its innovative technology in gaming/NFTs field? What if in the coming years the whole market has falls due to little demand of the token, how will your ecosystem survive?
After having done an ICO in 2017-2018 and living through the bear market that followed that. I think it’s super important to learn from our past mistakes as an industry of having inflationary token supplies. I feel like the constant supply to keep hitting the market was a big contributing factor to the lower prices and decreased valuations.
As such, this time around one of my main focuses with DMS has been to create a token ecosystem that will create long term value for the DMS token holders and the game itself.
If the token doesn’t have value then no one will want to “play to earn” because they can’t earn a living by doing so.
DMS is taking 50% of marketplace transaction fees and buying back DMS and permanently freezing those tokens. This means that everyday we will be buying DMS and decreasing the token supply. In addition, 100% of the blind box revenue will be burned!
We feel these these mechanisms will help create a much smaller token supply and also encourage token holders to stake and hold their tokens for the long term. If we are successful this will decrease the available trading float thus keeping the DMS token price high.
Lastly, we are also trying to keep the number of Dragons in the game in check by having a meritocracy based system where the weaker dragons can be swallowed and eaten by the stronger ones!
Deflationary token models are the only long term ecosystems that will have long term value going forward.
Q3. How important is the community to Your project? and How can we collaborate or help share token for the development of the project?
Community is everything! Without a strong community nothing good can happen.We plan to focus heavily on Southeast Asia, Latin America, and the Middle East where the play to earn gaming markets are strong.
We hope to partner with the likes of YGG and other similar gaming guilds or groups that will help accelerate user growth. There will be a huge focus on working with different community leaders to build telegram groups and the like in different languages so there support and a communal network.
We are already working with KOLs and local country groups to make sure we provide all the resources necessary to support the communities in every region.
How CryptoTiTans can help is to start playing the game early, get involved and spread the word. The early players will be able to buy the NFTs, in game assets, at low prices, and start staking the tokens they earn to gain the highest potential rewards. As they then help spread the news about the game their potential for profit increases.
The whole token ecosystem is designed to mutually reward all the stakeholders over the long term. We look forward to working closely with your community!
And here we will put best questions from our members and Dragon mainland fans:
Q1. NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi ?
NFTs are at the heart of what makes Dragon Mainland special! Gaming prior to Blockchain didn’t allow any of the users to own their property or in game assets. As such, we are super excited to be part of this Blockchain evolution of having an NFT based game.
The Dragons 🐉🐉, Dragon Skulls which allow you to upgrade your Dragons, and the dragon eggs are all NFTs. They can be bought and sold in the marketplace and they are all stored on chain.
In terms of DeFi players and/or investors will be able to participate in a variety of other income producing DeFi opportunities:
- Stake/Pledge DMS to earn more DMS
- Liquidity Mine by adding liquidity to our DEX for DMS/BNB, DMS/DMP, BNB/DMP pairs
- Stake your Dragon to earn DMP
Q2. Can I buy your tokens right now and also which wallet support your token? What is your revenue model? In which ways do your platform generate revenue/profit?
Our tokens are not yet trading on the open market. We plan to do an IDO in late October or early November. Please follow our Twitter and Telegram groups to get the latest information about our IDO and DEX listings.
In November, we expect to introduce the DeFi element, which will include liquidity mining, single token staking, and NFT staking.
You will need Metamask as the wallet to participate in Dragon Mainland.
REVENUE MODEL:
There are several ways to earn:
- Complete daily tasks – login, play 5 PvE and 10 PvP games and earn Tokens
- Stake/Pledge DMS to earn more DMS
- Liquidity Mine by adding liquidity to our DEX for DMS/BNB, DMS/DMP, BNB/DMP pairs
- Win Ladder Tournaments
- Win PvP games
- Breed Dragons and sell them in the marketplace
- Trade NFTs for a potential profit
Players can earn money by competing in ranked battles (PVP), challenging the environment (PVE), and breeding dragons for sale. Many in-game assets such as the dragon skulls (NFT), DMP, and DMS, can be obtained through playing the game. Tokens can be sold on the dex, and NFTs can be sold on the marketplace.
Q3. At present, there are many projects related to metaverse and GameFi in the market, the competition is fierce. What are the advantages of #DragonMainland game compared to other projects?
We feel like our competitive advantages are:
- Our team’s experience with our primary presence in Dubai and South East Asia and China. We have significant KOLs and access developers and gamers in these regions. This will allow us to attract users quickly and easily.
- Our fully immersive 3D rich gameplay experience. A lot of the early blockchain games are very slow and clunky. They’re just not engaging. Ours has a ton of strategy and many different variables so players won’t get bored easily.
- Our tokenomics structure where we address the inflation issues plagued by many ICOs in 2017-18. Axie Infinity also has this problem with the ever increasing amount of Axies. DMS has a very strong Token Burn model which will cause massive token deflation which should be great for those that hold and stake the tokens.
Also, weak Dragons can be swallowed and eaten thus “survival of the fittest” where it’s more of a meritocracy. This will also keep the number of Dragons in check.
- Timing, we have been building the game for a year and it’s ready for soft launch in October and full launch December 1. We are very early but there is a lot of competition coming in the next year or two. Launching early with significant experience and resources should be very helpful.
- Our community is strong as well with 53k on Twitter and 68k on Telegram. We also have some strong partnerships in the works coming soon.
Q4. Community is important for the progress of a project. How many users are currently using the Dragon Mainland platform? And what’s the future plan to increase Dragon Mainland users?
Our game hasn’t officially launched yet but with this being one of the hottest spaces in Blockchain/Crypto today combined with our extremely large economic incentives we expect a massive launch and tremendous growth.
Our Genesis Dragon Egg rush starts October 15th. Please check our website for details.And, the game fully launches in December!
If our Socials are any indication we expect a very strong user base right from the start. As I said in my last answer our Twitter community is 53k+ and our telegram community is 68k+ and growing.
We are aiming to reach 1 million users within the first 6 months and 3 million in 12 months.
To achieve high user growth we will have excellent revenue opportunities as previously outlined. After all, this is a play to earn game. We will also partner with many gaming guilds and groups that can help us expand exponentially. These partnership cannot yet be announced but they are in the works!
Q5. Can you give us an overview of Project economics? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?
Dragon Mainland has a dual token model DMP and DMS:
Dragon Miracle Potion (DMP) is the utility token issued by Dragon Mainland. It doesn’t have a fixed total supply. It can only be obtained through game dungeons and completing daily quests. It will be consumed during dragon breeding, dragon bone absorption, and devouring other dragons.
Dragon Mainland Shards (DMS) is the ecosystem and governance token of the Dragon Mainland. The total supply of DMS is 1,000,000,000 and no additional DMS will be issued.
The full release will take place over 5 years or 60 months.
Token Allocation：
Mining Rewards 45%，
Foundation Reserve 15%，
Team 21%，
Advisor 4%，
Token Sale 15%
Team, Advisor, and mining reward tokens are locked and released monthly in equal increments over the 60 months.
There is a fixed max supply or DMS but we have several mechanisms to make sure our DMS supply is deflationary to protect the value of it over the long term.
The advantage of holding DMS is that if you stake your tokens and participate in our DeFi opportunities you will earn more DMS!
Next, 50% of the marketplace revenue will be used to buyback DMS and permanently freeze it. This means that there will be buy pressure from gameplay on a daily basis and the overall available token supply will continue to decrease on a daily basis.
The more people play the game the more DMS tokens that will come off the market. This in itself should drive investors to stake the token and hold it AGAIN decreasing the available supply on the market.
We strongly believe in deflationary token ecosystems to create long term value for our holders and we believe in rewarding our token holders that stake their tokens to earn bigger returns.
We feel it’s a very strong model and one that aligns the incentives of the players, investors, and the ecosystem.
Q6.?Could you please provide some info about your Roadmap and how Market is progressing so far?
The 2021 Roadmap is below:
Airdrop Pre-Registration Event NOW!
Genesis Dragon Egg Rush（1th round） October 15, 2021
Launch IDO late October or early November 2021
DEX Listing November, 2021
Launch Marketplace, Breeding System, Liquidity Mining
November, 2021
Launching blind box, training system PvE late November 2021
Launch Combat System PvP
December, 2021
There will be both PvE and PvP combat battles in the game. They will be launching in late November and early December.
Much more to follow but that’s the immediate roadmap and we are on schedule!
Q7.Do you have an audit certificate/or are you Working to audit your project to make it more secure and reliable.?
Platform security is of the utmost importance and it’s a huge focus for us! All smart contracts will audited and audit certificates will be made public.
Hacking is always a concern and we take cyber security very seriously. To protect the project we are tons of penetration testing, audit all the smart contracts, hiring hacking groups to try to break in, and using FileCoin and IPFS a to protect the NFTs.
To protect the NFT’s using FileCoin and IPFS provides a massive advantage because of the way they use content addressing. This ensures that if a breach did happen all the NFTs should be protected. This creates a truly decentralized solution to manage this problem.
Q8.-☑️ Is this platform suitable for Crypto beginners?Or does it only appeal to professional users?
Our GameFi platform is for all crypto skill levels. It’s more of a game and you won’t really even know you’re using crypto.
We are definitely targeting the mass market and as such we need to make it as easy and user friendly as possible to do so.
There’s no way to gain massive user adoption if it’s only for super experienced crypto veterans.
Outside of the game itself there will be tons of tutorials, support groups, YouTube videos in many different languages to help make it as easy as possible to learn every aspect of the game.
Q9.Is your project only for english speaking countries or do you have any community for non english speaking users too?
Yes, we are focusing a lot of non-English speaking regions so this is a great question. We are already working with KOLs and community leaders in several different regions to create videos and tutorials about how to onboard and play the game.
We are also working with our developers to potentially allow users to choose their language when they sign up and sign in.
This will take some time but catering to non-English speaking populations is one of our highest priorities.
We are also focusing on bringing on partnerships with groups like YGG and other gaming guilds that will support this effort.
The global community is going to be what makes Dragon Mainland successful and we plan to support them as much as possible!
🌐 Dragon Mainland Regional Communities. 🔅
- Chinese ：https://t.me/dragonmainlandchinese
- Vietnamese ：https://t.me/dragonmainlandvietnamese
- Spanish ：https://t.me/dragonmainlandspanish
- Japanese ：https://t.me/dragonmainlandjapanese
- Russian ：https://t.me/dragonmainlandrussian
- Korean ：https://t.me/dragonmainlandkorean
- Turkish ：https://t.me/dragonmainlandturkish
- Arabic ：https://t.me/dragonmainlandarabic
- Filipino ：https://t.me/dragonmainlandfilipino
- Indonesian ：https://t.me/dragonmainlandindonesia
- French :
https://t.me/DMfrench - German :
https://t.me/DMGerman
Q10.I saw that Dragon Mainland has two tokens namely Dragon Mainland Shards (DMS) and Dragon Miracle Potion (DMP). Can you tell us, why these two tokens are needed and the difference in utility they provide? Which of them is the most important in the Dragon Mainland’s ecosystem?
Dragon Mainland Shards (DMS) is the ecosystem and governance token of the Dragon Mainland, with a total supply of 1,000,000,000 and will never be increased.
It can be used for: payment (buying dragons or dragon bones in the marketplace), governance (platform ecosystem governance), staking, liquidity mining, Dragon Raising(dragon breeding, dragon skull absorption, devouring other dragons) and Marketplace dividends.
Dragon Miracle Potion (DMP) is a utility token issued by Dragon Mainland. It doesn’t have a fixed total supply. It can only be obtained through game dungeons and completing daily quests.
It will be consumed during dragon breeding, dragon bone absorption, and devouring other dragons.
I think I’ve outlined a lot of this already. DMS will issue 1 Billion DMS tokens but the total supply will never reach anywhere close to that because of the token burns and permanent token freezes. This is one of our strongest advantages is we really focus on creating long term ecosystem value for players and token holders.
In addition, the DeFi aspects of staking, LPs and the revenue aggregator will provide even more long term ecosystem value and incentives.
And this was the end of our AMA with Dragon mainland.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://dragonmainland.io/#/home
Medium :- https://medium.com/@dragonmainland
Twitter :- https://twitter.com/DragonMainland
Reddit :- https://www.reddit.com/user/DragonMainland
Discord :- https://discord.gg/BHysnZgJVS
YouTube :- https://www.youtube.com/channel/UCQaTBCOp-KZ-lgH9V6BJo7Q