Existing P2E blockchain games have been known to; be highly uninteresting, unsustainable, have a bad tokenomics and a high entry price. These deficiencies have made gaming (and crypto) enthusiasts distance themselves from this sector of the blockchain industry.
MageBrotherhood envisions creating a paradigm shift in the blockchain gaming industry by establishing a good well balanced economy. MageBrotherhood focuses its attention on making the gaming experience fun and the earning more compelling for players while also keeping necessary rules to not turn its tokenmoics into ponzi scheme.
“Thrill of losing as much as earning is known as gambling. It's also the only sustainable model when balance is kept.”
MageBrotherhood plans to infuse 3D, AR and VR technologies into its platform to create a seamless and exciting gaming environment to attract players & investors. To improve the sustainability of the project, MageBrotherhood intends to integrate scaling solutions, edge technologies, and well designed ecosystem which will reduce gaming transaction fees and allow ecosystem users/players to efficiently interact with one another.
Our goal is to make an DAO driven environment not just for us, but for the metaverse. We intent to bring more characters and playables, more games onboard and allow replication of the ecosystem for others as well. We love opensource and we will be publishing source and research as a journey will be guiding us.MageBrotherhood is a blockchain-backed ecosystem-first Play to Earn platform that allows users to earn incentives while doing what they enjoy i.e., Gaming. A community-driven platform, MageBrotherhood gives power to the users by forcing rules and focusing on keeping balance (unlike traditional P2E games).
We are on a mission to revolutionize the GameFi sector of the blockchain gaming industry by combining the features and attributes of web3 technologies (power of decentralisation), and emerging technologies of 3D space (such as AR, VR) all in one place and integrating them into a gamified environment, creating a unique and immersive experience for users.
If your device supports AR (iOS, Android), you can try to use following button. It will open either QuickLook on iOS or SceneViwer on Android and you will be able to see the 3D model living directly on IPFS. It is the evidence and proof that magebrotherhood is serious about its vision and we do intentend to fullfill objectives described in this paper.
Our plan is to share edge technologies; share assets; share research and do good things with resources we (will) have. We are committed to bring value with hard work and act wisely when it comes to making rules.
From many reasons we choose to use Ethereum blockchain and solidity for our decentralised ecosystem, but mainly for following:
NFTs have been widely used to sell digital art and virtual goods. It's also been known to be a good tool of various shady sellers and people who made simple derivatives of existing art and allow people to speculate on its price while taking profit from its initial phase known as "minting".
This has been a concern of developers and the community as whole, because no value is produced and in the end people end up “holding bags” of useless images.
NFTs are similar in nature to ERC20 tokens, in fact code-wise they are very similar except the part where fungibility takes role and today we know ERC20 tokens play a big role in how value is distributed. By tokenizing real-world assets we can achieve stability and allow for easy ownership.
”Real purpose of NFTs is to represent ownership. Owning NFT has no other value except what is the value of its underlying asset.”
MageBrotherhood is aiming to introduce and give new life to the well known standard of semi fungible tokens. Known as ERC1155; where one token can be owned by multiple parties. For gaming environments where each asset needs to be carefully crafted, this is much more compelling than representing each asset with its own unique token.
We are distinguishing three types of assets, ones which are fully fungible in our case Borhterhood Coin (ERC20). Assets which are semi fungible such as characters and items which can be owned by multiple parties (ERC1155). And ones which are fully unique such as “land” or digital property in game (ERC721).
All of these tokens are on its own useless and as stated previously, they are just representing ownership in a specific way. Actual value comes from people creating these assets. Today thanks to the IPFS we are now able to put anything into the decentralised space, and so by bringing standards we can enforce assets to be well designed for games and serve its purpose; not to be just marketing material.
We are committed to making rules so artists building 3D characters or developers building games have to stick to certain standards and allow other participants to build new assets which can be owned by anyone.
Our strategy is to bring a few well crafted assets for our first game and let the community do the rest. By intenciving artists and developers we can let the community decide if a given token should be introduced to other members or rather be discarded.
To give these assets any meaning we need investors to recognize its value. That is why all of the liquidity collected from sale will be put directly into exchange to provide backing of Brotherhood Coin. This will be directly hardcoded in the contract.
“Our goal is not to take value from our users. Our goal is to incentivize the right people to do their job, while preserving value and bringing more investors and gamers onboard into decentralised space.”
Each NFT token minted will eventually return its value in form of BHC ERC20 which will be tradable back to ETH thanks to the staking.
Every MageBrotherhood NFT belongs to its owner and can be traded or sold on existing marketplaces at the owners’ discretion.
Furthermore, MageBrotherhood will partner with brands to launch their limited edition NFT collections on its marketplace, further down the road.
The MageBrotherhood DEX allows players to transact directly with one another. It's a marketplace whereby transactions are not facilitated by intermediaries. The BHC token (ERC20 & Exchange) provides monetary policy that is aligned with rules of ecosystem.
While uniswap and others allows for similar functionality to be implemented more easily we decided that we rather want to build our own exchange and main reasons are outlined in following points:
To have a balance between price inflation generated by staking and token supply, we implemented a 5% selling tax. This should prevent short term speculation and manipulation to a certain degree. Of course collected taxes will stay in exchange to provide more liquidity.
Selling tax might be subject to regulation until DAO is fully introduced.
To equally distribute the value and rewards to early investors and gamers (for participating in NFTs sale), we decided to introduce staking.
NFT holders are allowed to stake NFTs and earn BHC tokens as rewards. Staking supply will be provided by removing BHC liquidity from the MageBrotherhood DEX. The more NFTs you stake, the more BHC tokens you earn and vice-versa. Each NFT will have its own staking weight which might be decided together with its “minting” price.
Each epoch of staking will allow investors to claim their reward and if they wish to they can withdraw via exchange.
Each NFT sale produces more ETH being locked in the ecosystem therefore pushing the price of BHC higher. This brings more investors which want to just speculate on the price of BHC, but they will be introduced to selling tax and will be forced to leave some value behind which rewards NFT holders.
While short term speculators might benefit from short term profits, users participating in NFT sale will be rewarded in the long term as staking will produce inflation until the value of reward invested will not exceed the value they originally put in.
There is no minimum amount of NFT that can be staked or a minimum lock-up period.
In a bid to reward active users of our community for influencing the MageBrotherhood platform is introducing its affiliate program.
Marketing is an important key to every project and how better to do it then in decentralised manner.
Every user (influencer) is given the opportunity to register a marketing code. Each mint with given code will discount the minting process while rewarding the influencer in the form of BHC.
In the MageBrotherhood environment, players will be able to compete against one another for bragging rights using BHC or NFTs.
Periodic NFT auctions will be hosted on the MageBrotherhood marketplace to further enhance ownership experience.
DAOs signal power over centralized entities. We believe that any crypto project seeking to put its community at its epicentre will have its own DAO. This is why MageBrotherhood chooses to hand over its full power to its community.
Later on, MageBrotherhood token and NFT holders will be able to control and govern the day-to-day happenings of the MageBrotherhood ecosystem like submitting, requesting and voting for/against certain updates as well as changing the governance structure itself.
With the MageBrotherhood DAO fully in operation, the community will have the chance to shape the future of the platform with us, and we are looking forward to that day.
The gamification mechanics for the MageBrotherhood game involves the strategic elements implemented in the game. The gamification mechanics will be flexible and new features will be introduced into the MageBrotherhood ecosystem as time goes by.
During games, transactions are carried out. In the course of carrying out transactions, BHC tokens are burnt. Burning helps facilitate the deflation of the BHC token thereby increasing its value.
Players can interact with the MageBrotherhood gaming ecosystem to complete quests and earn a plethora of rewards.
Players can earn passive income by lending out valuable NFTs to other players. This effectively creates yield-generating NFTs, enhancing their value proposition for their holders and making lending NFTs more viable.
With the web3 fully integrated into the gamification environment, players will be able to rent out their virtual properties and they will be paid a renting fee by the rentee. This allows players earn extra income apart from the regular earning routine.
Currently subject of our interest in terms of scaling. Enterprise blockchain based on POS enjoying security of Ethereum seems like a best way to go.
We are investigating snarks to understand if it will be possible o efficiently proof actions without revealing state. This might be utilized to keep the game onchain while not revealing its own state. Pushing decentralized boundary even further.
Its been very clearly defined by the GUN Project that keeping global decentralized state is very much possible. We are investigating how much is still needed to keep that data and P2P communication in decentralized space while preventing cheating of players.
Our team is made up of capacitated individuals working together to attain a common goal i.e create and develop MageBrotherhood. We are committed towards making the development of the project as transparent as possible so every team member is accessible to the community.
You'll be able to meet them and interact with them in our weekly live AMAs, join our Telegram and Discord groups to keep up with them, and watch their interviews on numerous channels.
The end-goal of our team is to hand over a successful and efficient project to the MageBrotherhood community for continuous development.
A software engineer with over 12 years of experience, Richard Hutta has built profitable business spanning three continents. His passion for technology and the developing a community-oriented project motivates him to work smarter to attain his objectives.
Petr is a technologist to the core. With experiences in several technological sectors spanning from web development to software engineering, Petr has huge contributions to different organizations in those sectors. His sheer will to make everything around him better led to his discovery of the blockchain. Petr is a graduate of the prestigious Masaryk University.
Cryptocurrency trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should invest money that you can afford to lose because there is a chance that you will lose some or all of your initial investment. You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. The MageBrotherhood team will not be responsible for any loss of investment.
A NON-FINANCIAL ADVICE: This Litepaper does not constitute investment advice, financial advice, trading advice, or a recommendation on the merits of purchasing tokens by MageBrotherhood, its affiliates, or their respective officers, directors, managers, agents, advisors, or consultants. This Litepaper should not be relied upon in connection with any other contract or purchasing decision. Nothing on Reddit, Discord, Telegram, Twitter, this Litepaper, or the MageBrotherhood website constitutes or should be construed as a promise or representation for the future. MageBrotherhood and its affiliates make no representations as to the likelihood or possibility that any actual or projected account allocation would achieve a certain investment outcome or goal. Please keep in mind that cryptocurrencies have the value that people attach to them. Invest with caution.
The MageBrotherhood team offers no warranties or representations about the accuracy or timeliness of the information included in this Litepaper. Before making any financial decisions, you should consult with a certified adviser.