Topic: [ANN] Game of Mages Token ($MAGIO). Play To Earn. Everyone can become a Mage! - page 2. (Read 633 times)

The first of our users received 0.24 SOL in a pre-launch airdrop. Congratulations!

A transaction on the blockchain: https://solscan.io/tx/v7rqb9R7x3xLun6ZZYVDSZBUT8VbJZvVMm2T2Wtt5KfRNWxiZpMtxazUbFc2bJaZCLVF3cw34HihDE4fCq5XBDw

The law of large numbers worked. The first winner was our very first investor, who had more than 20 Dragon Eggs NFT in his wallet.



And the answers to the questions.
Not "now", but "always".

Yes, it's an online game. If there is more funding, then we will be able to add new features and quests more often.

There will be less funding - in this case, the development will be slow.

Oh well, I clearly don't understand about your tokenomy, the part about presale to early investor and that statement about "now we are allocating tokens to the team and volunteers from tokens intended for early investors".

And the fund gained from token sale, aside from to cover the operating cost, it'll also be used to develop the game?

All information about the initial distribution tokens is on the page https://gameofmages.com/docs/en/token. Info hasn't changed since the beginning. If you have any additional questions, I will answer them.

To cover the operating costs of maintaining the game.

Ohh, take your time, no need to rush, do try to explain. I believe I am not the only one misunderstood, your careful and clear explanation might help us get some sense of what you actually planned.


And the fund gained from these token sold are intended to...?

I don't see any contradictions. It seems to me that you misunderstood something somewhere, but I can't explain it to you.

No, this is not an ask for financing. Any player who is interested in playing the Game of Mages will use MAGIO for their game grow.
Tokens in the open sale will be intended for players.

This previous statement seems to contradict the one above? Or was it just me thinking so?


As evidenced, the statement was "now we are allocating tokens to the team and volunteers" instead of "we haveve allocated token to the team and volunteer"


Again, contradictory to the earlier post,


This is not asking for financing?

We're walking in circles.

a) we don't have separate tokens for the team (and never have);
b) for us, the team is the same investors (and it has been so from the very beginning).

This may be unusual for you, but it's true.

In fact, we do not even request any financing and do not make any business proposal, but inform the community about our project (including the opportunity to purchase tokens before the release of the game at a big discount).

Firstly, we are looking for those who will be interested in playing the game. We will listen to the opinions of users, but we will make the final decisions on how to develop the project ourselves. With all due regard.

There are no plans to change the tokenomics of the project and never have been. We will stick to what is described in the documentation.

But there is always a small chance that conditions will change and what is relevant now will become irrelevant in the future. We will respond to such challenges.

LMAO, you're an interesting one, aren't you? You continue on contradicting yourself. First you don't have an allocation for your team, and then you decided to share the early investors pre-sale token with the team because they are "early investors" [paid in time] upon being asked if the tokenomy changed, and after talking in circles, you said that it was the plan from the beginning, and now, when asked why doesn't it show dedicated allocation for team, you said as quoted above.


Actually, I'll beg to differ and say that the process of making decision of changing tokenomy shouldn't be internal or even happening at all. You ask for a funding here through token sale, it is very unethical to change your business proposal, the one that people use as one of their consideration to invest in your project by buying your token, unilaterally through your internal team's decision, i.e. because you deemed it fit. It doesn't evoke much confidence at all, does it? If it has to happen, it should be through your community agreement.

If we had planned to do so, we would have written so.

Solana, marketing services, and time spent on development are all investments in the game that we are ready to accept in swap for tokens intended for early investors.

If you have something that can be useful to us, welcome, you can also become an early investor.


I think we'll leave the process of making internal decisions outside the scope of this correspondence.

Oh my gosh, that's relieving to know that it's been your plan from the beginning, that explains a lot, like why the tokenomy said "5% pre-sale to early investors" instead of something like "2.5% to early investors" and "2.5% to team", or that you said,


yeah, that clearly shows you've had that plan in your tokenomy.

And regarding the team, I assume that means the decision was made by the two full time employees? Or the part-time also has a vote?

No, it doesn't look like it. This was the plan from the very beginning. You impute to us, your vision of the situation.

We are developers (2.5 people). We're sure that tokenomics is balanced, but we don't exclude the possibility that we'll see some opportunities to improve it.

Quoted in full for reference.

Now, where do I saw the allocation for the team? Nowhere in your tokenomy, and that's the problem and the question here, because later on, apparently the early investors allocation are now allocated for team, as per your own statement. If you argue that team members are early investors that invest their time, then allocate some fund for them from the very beginning instead of taking it from what's intended for other category. Seems like a bad planning, is it not?

And regarding changing the tokenomy "if we think it's better for the project", how many people is in this "we", again?

✨ Boom! We are starting the pre-launch airdrop!🎄

Log in to our website's Member Area and every day claim rewards in MAGIO, collect Magic Snowflakes or win a prize in Solana.



And the answers to the questions.

I don't understand where you saw the allocation of tokens for the Team?

The team members are early investors like everyone else (they only invest their time).
If you buy out all the MAGIO tokens intended for early investors today, there will be no new tokens for the Team.

Let's be honest - if we think it's better for the project, yes, we can change the tokenomics. But I don't see any reason to do that. Tokenomics is fine.

Thanks, I know it.

None, that's why I asked, that's the whole point of my question. There wasn't an allocation for team on your paper [archived], and then they suddenly share allocation with early investors because... you decided it to be that way?

Does it mean other part in the tokenomy also subjected to changes the way you will them?


You might want to look for the definition of "volunteer".

And where do you see the allocated tokens for the Team?

We are guided by the principle that time is money. Therefore, we believe that team members and volunteers are the same investors as others and do not single them out in a separate category.

Well, I was wrong.

I am confused. You previously didn't have any allocation for team, and then you do now, where does this token come from, then?


Though looks like it, given his first post is on your thread, he's not. He registered ten days before you made this ann.

Tokenomics has not changed. From our point of view, the one who invests his time in working on the project is the same investor as the one who invests Solana.

It is possible that you've high expectations. We're not planning to launch a top-level game right away. But what we want to do is we will do it if 10 players play it - so be it.

P.S. By the way, I noticed that it looks like you specifically registered on the forum to write this to us. I'm touched.

sounds to me like a project that is not ready for launch at all...
Maybe come back when your project is finished?
Right now it looks like you want funds but have nothing to show for..

Oh? So your tokenomy changed? How much is allocated for the team, and what does the new tokenomy look like with this new added allocation? Will this be reflected on the new whitepaper?

Rules of the New Year Lottery 2024

1. The 2024 New Year's Incentive Lottery is held among Dragon Eggs NFT holders who have indicated the address where the NFT is located in the Member Area of our website.

2. The Lottery Winner is determined by the NFT number. For example: Dragon Eggs NFT #200.

3. The Winner's NFT number is determined by the following algorithm:

a) We are looking at the hash of the first confirmed block, which will be registered on the Solana blockchain on January 13, 2024 (UTC time).
For example, the first confirmed block registered on the Solana blockchain on December 25, 2023, was block #237837570, block hash Hd7HSKAoKPFjSoV4n6kPaddPThy6V6p7BsWCGLZeTnAM

b) The resulting hash, in turn, is hashed using the MD5 algorithm. For verification, you can use the appropriate functions of various programming languages or online services. For example, https://www.md5hashgenerator.com
For the Hd7HSKAoKPFjSoV4n6kPaddPThy6V6p7BsWCGLZeTnAM string, we get the hash 98c726a8c4443bc74682b96f185a53fb

c) The resulting number is converted from hex to decimal. You can use online services for verification. For example, https://www.binaryhexconverter.com/hex-to-decimal-converter or make a conversion on a calculator.
From the number 98c726a8c4443bc74682b96f185a53fb we get the number 203076706536793435715663883090693608443

d) Discard the first digit (since there will never be 0 in this place), the next four digits, in example it is 0307, determine the number of the Winner's NFT.

4. The Winner is determined only among the Dragon Eggs NFT, which from the moment the block was formed until the announcement of the lottery results were at the address linked to the Member Area of our website.

5. If the Lottery Winner is not determined in the first confirmed block, which will be registered on the Solana blockchain on January 13, 2024 (UTC time), a sequential iteration of subsequent blocks will be performed to determine the winner according to the algorithm described in step 3.


Not quite like that. Yes, the project was created primarily from the desire to create this game, rather than for commercial purposes.

However, now we are allocating tokens to the team and volunteers from tokens intended for early investors - time spent is a more serious investment than money.

In the future, funds received for tokens put up for open sale will be used to support the development.