we hosted an amazing AMA with Monster Battle on the 11th of November
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as Monster Battle ?
Right Hello everyone I am Felix, CMO here at Monster Battle. Monster Battle is a hearthstone inspired gamefi project that seeks to provide both playability/joy as well as monetary reward for the end user.
Q2. What are the advantages of Your project ?
So in terms of tcg style gamefi, we think our main competitors are splinterlands and sky weaver and we did some competitive analysis on them. The result is as follows.
Q3 please tell us about the goal you want to achieve in this year
Great question. We finished developing our defi components including liquidity mining and monster staking and we are focused on getting the first part of our gamefi component, ie single card combat mode out by the end of this month. So by the end of this year, we hope to completely launch all Gamefi components, both single card and multicard combat mode so that players can experience Monster Battle in its entirety.
The first acts like daily training to let people to familiarize themselves with the system and you can play in autoplay mode, the second is the full fledged experience and require you to play your cards manually. Of course the return for the second is higher.
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
Haha actually we had a project before this and it is called Toy Wars. It is met with mixed reactions and hence we decided to do a more generic name this time round. We do welcome players to suggest a better cooler sounding name through DAO, hahas.
And here we will put best questions from our members and Monster Battle fans:
Q1) One of the branches of Monster Battle ecosystem is the “Monster Battle Laboratory”. Could you explain to us the role and purpose of this specific sector in your project? What are activities done within the Monster Battle Laboratory?
Great question. We have to admit that we have limited manpower and there will be a time where our development speed cannot meet up with the expectations of users. Hence, we would like to encourage third party development by recruiting talented individuals or organizations to help us develop add-ons, additional contents, improve our game mechanics, etc. We’ll support them through our Monster Laboratory, and willl provide financial, technical integration support as well as other forms of support deemed necessary.
Q2) On releasing of a new generation of NftGames, the gaming industry is on the hype. How does Monster Battle plan to participate in the development of the blockchain gaming industry? What innovations does Monster Battle bring to the gaming industry?
We think that one of the KSF (key success factor) of blockchain gaming or gamefi is token economics. We are willing to be at the forefront of exploration of optimum token economics when it comes to TCG styled gamefi. One innovation that we are about to launch is monster staking where we allow users to stake NFT cards and earn stable coin, meaning that we will forfeit our initial gains. We are willing to do this because we are more focused on the long term development of the game and the community.
Q3) I read. When players enter monster metauniverse for first time we will give any one of five basic summoners. And will hold some special activities for you to buy. activity summoners will have more powerful power in game. What is summoner Card and monster Card?and How I get them?
Sorry for making it unclear. Summoner cards are not yet available and its only monster cards that are available. When you purchase cards you don’t know what you will get because it is in the form of a blind box and no one knows what will emerge out of the box, including us, to ensure fairness of the purchase system. You can get our NFTs from our official website and our partnering INO platforms to be announced later. To add, our tokens will be available from our official website, partnering IDO platforms and DEXes.
Q4) You mention that Monster Battle’s ultimate goal is to become a real user owned game platform. So what can users really own in your platform through a DAO? To do that, what conditions do users need to possess and what opinions can they give to innovate the game?
Yet another great question keep them coming. So basically by user-owned we mean it two fold. One is assets, such as NFTs and our tokens, you can transfer to anyone else and we plan to introduce cross chain transfer in the future. The second is voting and decision-making rights, through DAO. In order to participate in DAO, you have to stake MBC tokens into the DAO managed token pool, and your voting right, profit right will basically be linked to no. of tokens staked/total volume of tokens staked, so basically a PoS system. As for the type of opinions, you are free to initiate any kind of vote if you are part of the DAO, of course to pass it you need to attain majority vote and there is also a requirement of minimum of tokens involved in the voting, to make sure that we can attend to the most acute needs of the community first.
Q5) #MonsterBattle is a Hearthstone-inspired TCG-style GameFi project. So what are these exciting game experiences you are aiming to provide to all your users? And can you mention the platform’s main features or the different ways how to earn here?
Monster cards are divided into：
4 classes: Animals, Monsters, Plants and Machines
5 elements: Light, Flame, Ocean, Earth
4 occupations: Soldier, Sorcerer, Healer, Assassin
4 level of rarities: White, Green, Blue, Purple (in ascending order of rarity).
This gives rise to a multiplex of domination, subjugation relationship where there is no fixed formula for victory (for example you may win in terms of classes but lose out on occupation). You are free to explore all the possibilities and come up with the best deck for each occasion!
The three main ways to earn is GameFi, Defi and DAO.
For GameFi you can participate in either PvE or PvP to win tokens and stable coins respectively.
For Defi, you can stake nfts to earn stable coin, or stake stable coins to earn nfts, forming a closed loop
For DAO, a portion of the return that the project makes will be remunerated to DAO members, as a function of your no. of tokens staked / total volume staked.
If proposal to monetize DAO managed token reserve is passed and it actually brings in progit, it will also be remunerated to DAO members, as a function of your no. of tokens staked / total volume staked.
Q6) I want to make a long-term investment with this project. But I’m skeptical right now. How can you reassure me that this project is safe and profitable?
We only allocate 8% to the team and it will be gradually unlocked so it will be worth less if we rug pull now. Second, we are also remunerating early adopters with stable coins to make sure you can break even. Third, we will be incorporated and we do KYCs with our partners so they know who we are in person, so it will be a very large reputational damage if we just hit and run.
Q7) Do you take community feedback and try to improve your project accordingly, how do you prioritize community feed back, because most of the new project are only worried about investment?
Great question even though we are unable to answer all of your questions, we will record all the questions down to better understand how the market feels about our project and how we should improve. Due to the overwhelming no. of questions received, we plan to open up a Google form to record all your questions. Even though we may not be able to answer every one, but we wil ltry to address as wide a range of topics possible.
Q8) Do you have an AUDIT certificate or please tell me now are you working to AUDIT your project to make it more secure and reliable?
Auditing is definitely one of the areas that we are actively working on, we are in talks with certik to help us proofread our smart contracts to make sure that it is free of vulnerabilities.
Q9) Why did you choose BSC for your project? Is there any plan to add more blockchains in the future?
We chose BSC primarily due to 1. significantly lower gas fees compared to eth 2. extensive support on GameFi projects by Binance. We will definitely improve interoperability of our token and allow cross chain transfer of our nfts and tokens in the future, so to reduce the bar of end user participation as much as possible.
Q10) Is this your project only for elite investors, what about others who have small money, is it open to everyone?
It is definitely open to every one, you can buy tokens nfts from our official website to participate. We have a referral system for you to be listed on our whitelist as well. Also, if you are more heavily funded, you can also think of providing scholarships to others who want to play the game, that is another way to participate as well.
And this was the end of our AMA with Monster Battle .
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://www.monster-battle.games/
Twitter :- https://twitter.com/MonsterBattle1
Discord :- https://discord.gg/fTw87SS7mt