we hosted an amazing AMA with QuizArena on the 4th December
And here we will put some of the best questions:
Q1) What is Quizarena about?
Quizarena is the first blockchain technology-based online learning platform that implements gaming elements into traditional quiz games.
Our vision is to bring Education & GameFi to everyone, both Free-To-Play & Learn-To-Earn, gamify quiz into something different yet interesting.
Our mission is to create a decentralized platform & ecosystem that ultimately adds social value & impact on improving the quality of life for everyone.
Q2) Are users required to pay to gain access to play Quizarena?
No, Quizarena is a Free-to-Play (F2P) NFT game where everyone can start playing without the need to pay.
It also utilizes the Compete-to-Earn (C2E) model to reward players with tokens through engaging gameplay animations and the participation of Player-Versus-Player (PVP) and tournaments.
With the combination of F2P and C2E models, Quizarena gives players the opportunity to learn, play and earn rewards at the same time.
Q3) What are the benefits of this F2P model and are there any risks involved?
Adopting the F2P model allows players who are unfamiliar with blockchain, cryptocurrency and non-fungible token (NFT) the opportunity to join in the space with no risks involved.
F2P players will be exposed to questions asking about blockchain, cryptocurrency, NFT and many more.
Thereby, creating a conducive environment to learn.
The risk of introducing the F2P model is keeping the players engaged overtime.
Therefore, Quizarena has game modes where players can win tokens.
Giving the F2P players the opportunity to transition into P2E as they progress their gaming journey in Quizarena.
To further encourage self-learning, players who do their own research and learn about the topic will stand a higher chance of winning the tournament and be rewarded with tokens.
Q4) What purpose does the Quizarena (QZA) serve?
The cryptographic fungible token of Quizarena (ticker symbol QZA) is a utility token on the gaming ecosystem.
QZA is a utility token which are used as the mode of exchange between participants in Quizarena in a decentralised manner.
The purpose of introducing QZA is to provide a convenient and secure mode of payment and settlement between players.
QZA can be used to:
● Purchase in-game currency ($QC)
● Players can mint NFTs with QZA
● Players can wage against other players in PvP mode to win more tokens
● Players can purchase loot box key with QZA
● Players can staked QZA in exchange for higher in-game bonus attributes
Q5) Can you touch on Quizarena’s Tokenomics?
Quizarena (QZA) token follows BEP20 token standard with 500,000,000 total supply and an initial market cap of $209,600 with initial circulation supply of 16,375,000 QZA.
More information on token allocation, vesting schedule, token allocation and vesting graph can be found here: https://docs.quizarena.io/quizarena-token/tokenomics
And here we will put best questions from our members and QuizArena fans:
Q1) I read that $QZA, $QC, and #QuizHeroes are the assets of the Quiz Arena ecosystem. So care to explain and give us more details about them? What are the uses of these assets within the platform? And how we can acquire each of them?
Click here to read more about each assets details and usage https://docs.quizarena.io/quizarena-assets
To sum it up, QZA is a token you can purchase with money.
$QC is the in-game currency that you must earn through playing QuizFi which can be used to fund the tournament entrance fee where you can win QZA and Quiz Heroes as prizes.
As for our Quiz Heroes, we will roll out these NFT in 3 phases.
You can find out more here https://docs.quizarena.io/quizarena-assets/nfts-minting
Q2 )Earning in the game is important, but with me that having fun while earning is also important. To what extent does QuizArena focus on the entertaining aspects of the game? What measures are in place to help make the game suitable for everyone, including non-crypto people?
The Free-to-Play measure makes the game suitable for everyone.
Crypto-related questions are the first few topics Quizarena will start off with.
This is to familiarize the crypto community with the new Learn-To-Earn concept of gaming.
Then our supporters will bring out the word to their friends and family about Quizarena who are non-crypto people to get them on board.
We will change the topics periodically to keep our players entertained and challenged.
Q3 )I read that Quiz Arena is a Learn-to-Earn Ultimate Blockchain Quiz Battle, I want to know, will the Quiz asked be about Crypto or Global questions? then will this question be changed periodically, to avoid players memorizing every question?
Our vision is to create an ecosystem where anyone would be able to play, learn & earn.
Our questions would be based on every topics as we would have universities partners to generate contents.
We do have a randomizing mechanics to ensure that the questions would be different every time, this means that players would not be able to memories the questions & answers easily.
Q4 )You mentioned about Quiz Arena being the first L2E / Learn to Earn, can you explain in more detail about
this Learn to Earn (L2E)? is this the same as the scholarship program and how does it work? What benefits do users get through the L2E model compared to the P2E model?
Learn-To-Earn literally means that players would be able to earn rewards while they learn.
We would be considered different as compared to the scholarship program, as our game is Free-To-Play, therefore its accessible by anyone who wants to join the game.
You simply login to Quizarena daily and play QuizFi.
All you need to do is answer questions correctly and get rewards.
If you want to maximize your daily rewards, remember to study for the topic before attempting the quiz.
The benefits are everyone can start learning without making any purchase and there will be an increase in your knowledge as you get better at playing Quizarena.
Q5 )QuizArena is Learn-to-Earn NFT game. However, will it be possible that users trade their NFTs with the $QZA token or there will be a market place where these NFTs will have to be listed? And how does QuizArena intend to bring METAVERSE to everyone as claimed?
We will introduce NFTs in different phases.
You can read more here https://docs.quizarena.io/quizarena-assets/nfts-minting.
Users can trade their NFTs with QZA, during Phase two of the NFT developments.
Users will be able to find the marketplace within our website.
The METAVERSE is a long term goal the team has envisioned, where we can bring all the tests of knowledge games together with Quizarena.
So quiz questions are only the beginning, and there may be even more challenging games ahead.
Q6 ) PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?
Some of our partners are Bscstation, Cyberfi, Poolz, Onus, Poolz venture, Nuly Ventures, Chainless Ventures, Wildcat Venture, CryptoOMG, Kommunitas, Seed Thrift Venture, Heroes TD, Moniwar
Do visit our website to find out more.
Q7 ) Is your NFT available for purchase now? Can we trade the NFT Marketplace? Which blockchain will you launch?
That would be a little better for us
We would be launching our token on the Binance Smart Chain, BEP-20. Our NFT & marketplace is currently under-development, do wait for us to announce more information in 2022.
Q8 ) Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable??
Our AUDIT was conducted by Solidproof.io.
The report can be found: https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_QuizArena.pdf
The certificate is available here: https://github.com/solidproof/audit-certificates/blob/main/Audit_Certificate_QuizArena.png
Q9 ) As Blockchain field requires some technical knowledge, Isn’t it?
Don’t you think it will be a difficulty for Non-crypto users/ Customers to operate in this new field?
We understand that no matter which chain, it’s always a huge challenge for non-crypto users to start and purchase tokens. In order to combat this, we would be releasing a detailed step-by-step guide on how to create Metamask wallet & purchase the tokens on Pancakeswap
Q10 ) Hello! I am really interested in your project. Your project is very good, can you share your social media links so that we can keep updating ourselves?
And this was the end of our AMA with QuizArena.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://www.quizarena.io/
Medium :- https://medium.com/@QuizArena.io
Twitter :- https://twitter.com/quizarenaio