Blockchain Gaming Reimagined.
PROJECT: Polyient Games
TICKER: PGFK & XPGP
WEB PAGE: https://www.polyient.games/
WHITEPAPER: in the making
To my question about the whitepaper release timeframe, the team replied that all the info can be found within their medium blog.
Some info can be found here.
FIELD OF INTEREST: Gaming / NFT
CATEGORY: Blockchain games incubator
GOAL: Polyient wants to be a fully open decentralized investment platform that empowers game creators, players, and investors to fuel and incubate the blockchain game developing startups. Polyient Gaming (PG) Ecosystem is powered by non-fungible tokens (NFTs) called Polyient Gaming Founder’s Keys (PGFKs).
CHAIN /TOKEN TYPE: Ethereum / ERC-271
CONSENSUS MECHANISM: Proof-of-Work (Ethereum Network)
LIVE MAINNET & SCALABILITY [TPS]: /
DEV ACTIVITY (Github/Gitlab): no GitHub profile
PRODUCTS: PG Marketplace in Q4 2020 build on Avalanche
EXISTING CUSTOMERS AND USERS: Blockade Games, Cargo.build, Nonfungible.com
COMPETITORS:
TEAM: Polyient Games is a spinoff and a vertical of Polyient Labs incubator where NFT/blockchain gaming startups that go through it have the option to join the Polyient Games Ecosystem. The same team is working behind Labs and Games. More about the team.
PARTNERS: Ava Labs, Axie Infinity, The Sandbox, Blockchain Cuties, Battle Racers. Polyient technical partners include NonFungible.com, Cargo, and Magic.
INVESTORS: no known investors
TOKEN USE CASE AND REVENUES: PGFKs are NFTs that power the PG ecosystem. Owners of PGFK tokens will have early access to partner games, get a fee reduction for transactions in the Polyient Games Marketplace, and will be rewarded for holding and stacking the tokens — the more PGFKs you have the higher rewards and the lowers fees you get.
PGFK will also have fungible Participles, fragments — ERC-20 XPGPs which will represent a 1:1000 fraction of a full PGFK. XPGP will be available for trading via a decentralized swap protocol that will be accessible only within the Polyient Games Marketplace. These particles will be the utility token for the Polyient ecosystem.
Reserve supply will be held by Polyient Games and will be used for future giveaways, as well as the initial supply liquidity for the PGFK Particles market. New PGFKs will never be minted with mechanisms that promote a deflationary outcome. Some additional info about XPGP.
For participating in Polyient Games Ecosystem users will receive Polyient Games Governance Token (PGT) which will be proportionate to their PGFK purchase amount. PGT tokens will power the PG Ecosystem protocols and will be used for PG DAO governance. More detail about PGT tokens and their tokenomics.
PGT will be the main voting currency for the future Ethereum-based Polyient Games DAO, a decentralized organization that will be tasked with decision making related to the protocols within our Ecosystem.
TOKEN METRICS:
FULLY DILUTED MARKET CAP: 20k ETH
INITIAL MARKET CAP: 12,5k ETH
TOTAL TOKEN SUPPLY: 20k PGFK tokens (20 million XPGP)
INITIAL CIRCULATING SUPPLY [%]: 62,5%
FUNDS RAISING INFO:
The public sale lasts from September 15th until October 2nd, 2020 on the Polyient web page. Tokens will be sold for 1 PGFK = 1 ETH and pre-registered early supporters were allowed to invest in a limited discounted voucher sale with a 20% bonus on August 4th. More information on the token sale.
TOKEN DISTRIBUTION:
All PGFK tokens are distributed at purchase.
The team has designed a PGFK token model with a small token supply of a total of 20.000 PGFK tokens to amplify the rewards for early-adopters.
Reserve Supply — 7.500 PGFK
Reserve Supply:
*Partners & Giveaways: 7.26%
*XPGP Liquidity: 66.67%
*Team: 26.07%
ROADMAP: not available (PG Marketplace is planned for EOY 2020)
SOCIAL MEDIA:
Discord 1500 members
Telegram 1400 members
Twitter 2600 followers
NOTES/SPECIALS
Polyient Games has developed an interesting system with a dual-state digital asset that exists both in a non-fungible and fungible state and has deflationary mechanisms are tied to the generations of the PGFKs. The system is created to be PGFKs that are intended to be rare (small token supply and high token price) which is meant to amplify the rewards for early-adopters. The total supply will never surpass the initial supply of 20.000. The downside is that this will apparently be a closed system without external token trading outside the PG ecosystem and its Marketplace. Polyinet Games made a partnership with Ava Labs just recently to build a dedicated NFT decentralized exchange (DEX) on Avalanche — their PG Marketplace. The Polyient Games Marketplace is intended to become the backbone of the PG Ecosystem. The platform will host exclusive NFT auctions and a P2P NFT trading and exchange. One of the advantages of PGFK token holders will be early access to the Marketplace and participation in the PG Decentralized Exchange (DEX).
Polyient Games (PG) is a very young startup, a vertical of Polyient Labs which has a similar goal off-chain. Polyient Labs was founded in 2018, while PG was created in 2020. There are no team members mentioned on their web page and the whitepaper is still in the making (you can sign up for early wp access). Polyinet Games was founded by the same team behind Polyinet Labs with Brad Robertson as the Founder and CEO. Robertson is also a founder of a cloud computing company CX and has been a tech entrepreneur for 25 years, involved with several startups.
There is no GitHub profile available to check the development.
Polyient portfolio company Cargo, the non-fungible token (NFT) minting and marketplace platform, officially launched on the Ethereum mainnet on July 28th. The platform is powered by ERC-20 GEM tokens. PGFKs are being minted & distributed through collaboration with one of PG incubator products, company Cargo via CargoJS. You can read more about Cargo here.
Looks like PG will outsource the generation of the virtual asset and they promote a collaborative approach to the PG ecosystem and utilizing the technologies of incubator startups if that is possible. Using the solutions Polyient helps to build the best support and recognition a startup can get from an incubator. The PG team are also familiarized with the solutions available…why not use that.
Polyient Labs’ Director of Innovation Craig Russo told Cointelegraph:
“We’ve taken the time to build out the ecosystem with a wide range of use models, including a gamified DeFi experience. This will facilitate user choice that will ultimately create an ever changing experience, coupled with the engaging supply dynamics of our dual-state token.”
