The Alien Worlds gaming platform is evolving with functionality. A core technical principle is to build re-usable pieces or core components in the metaverse that can be leveraged by the community to use, and build upon to increase utility for TLM and NFTs and enable communities to create their own value in the Alien Worlds Metaverse.
The initial functionality is focused on a means of distributing TLM and NFTs throughout the community through inflation and game mechanics in mining and as rewards through other novel competitions, led by both the Federation and the community. The long term goal of this distribution is to empower many individuals and smaller groups in the community to grow the metaverse and ultimately decentralise the control away from any single or large controlling entity. To achieve this successfully will be a gradual process to avoid unexpected collections of wealth and control to develop while also ensuring no major technical problems are introduced which could be difficult to fix later in a decentralised system. This diagram gives a high-level overview of the current and future tokenomics of the project.
The metaverse consists of a federation of planets. Each planet will be governed as a DAO (Decentralised Autonomous Organisation), where players of the game could participate in elections to appoint a board of councillors to govern each planet. The full DAO functionality has not yet been built as further research is being conducted to find the most effective DAO governing strategy.
In this initial phase, TLM is continuously minted based on an inflation schedule from the Federation smart contract. It is then distributed to each planet weighted by the amount of TLM staked to each planet. From there, players of the game participate in a mining activity where they perform a client-side Proof-of-Work style exercise for they are rewarding and amount of the available TLM. The amount of TLM they could earn for a mining action is varied based on the attributes of the NFTs they have used to mine with, the land on a selected planet they have chosen to mine on and the available TLM in the mining reward bucket they are mining on.
Each Land object that users choose to mine on is also NFTs which earn a mining commission from each mine action and a share of the daily inflation rewards from the Federation. Since each planet is also accumulating rewards related to mining and inflation each day they are also accumulating a lot of wealth which (when the DAO functionality is active) will be available to the DAO governance to be used to build other game modules or whatever the DAO would like to use the funds for. With the interplay of creating NFTs with different powers and eventual autonomy for each planet, there will be opportunities for DAOs, groups and individuals to maximise their wealth in the metaverse.
Klinton Bybee –
Nice