Topic: [ANN] Game of Mages Token ($MAGIO). Play To Earn. Everyone can become a Mage! (Read 476 times)

📣 The Council of Mages announced gaming funds for May

🔮 Flights Fund: 30,231,296 Magio
⚔️ Fights Fund: 30,231,296 Magio
✨ Leaders Rating: 3,778,912 Magio
⚔️ Fight League: 7,557,824 Magio
✨ Ambassadors Rating: 3,778,912 Magio

There will also be prizes in Solana 💸 Join us!

Tokenomics News 🗞

🔸 5,894,641 Magio returned to the General Game Fund 💰
🔸 1,684,183 tokens were sent to the Royalty Fund 💸
🔸 9,859,444 Magio were burned 🔥

Tokenomics News 🗞

1) We are closing the pre-sale of tokens to early investors. We have not achieved any significant funding and are returning 69% of the tokens from this fund (447 million Magio) to the General Game Fund ✨

2) Also, 2,214,871 Magio were sent to the General Game Fund from those in the game ✨

3) 632,820 tokens were sent to the Royalty Fund 💸

4) 3,480,511 Magio were burned 🔥

🪄In honor of the start of the Game, we are reducing the price of mint NFT from the Dragon Eggs collection.

✨ We wish you a fun game!

🪄 The adventure has begun!

✨ Grow your first dragon and send it flying for rarities and Magio tokens.

✨ Prizes in Solana for gaming track records are coming soon. Don't miss it...

✨ The Legendary Emerald Dragon (Dragon Eggs #3868) draw took place today!

The first block on March 13 was #253808888.

🎉 The winner was the holder of ticket #872128 (user Disciple#872128). Congratulations! 🎉

The Dragon Eggs NFT #3868 will be sent today to the winner's address specified in the member area.

🎁 The Legendary Emerald Dragon (Dragon Eggs #3868) drawing will be held on March 13, Wednesday.


✨ To determine the winner, we slightly changed the rules that we used earlier to determine the winner of the New Year's Lottery in order to choose the winner without going through the blocks.

The detailed rules are in our discord.

The game starts on March 17, 2024

🪄 All users will be moved to the game area.

✨ Now you can purchase MAGIO tokens for the game on the Famous Token Market from early users.

✨ Also, until the end of March, you can purchase tokens with a 67% discount by emailing us. Offers from 10 SOL are accepted.

✨ The current airdrop is over. All rewards will be transferred to your personal account in the game.

Summarize:
✨ almost 9 million MAGIO tokens have been paid;
🎟 140 lottery tickets have been registered to participate in the NFT-lottery.

An egg of the Legendary Emerald Dragon (Dragon Eggs #3868) will be raffled off among the ticket holders.

💸 We also decided to give the TOP 3 players small rewards in Solana based on collected magic snowflakes.
🥇 Sindbad (958778) | 22 ❄️ | 0.24 SOL
🥈 Omar (679206) |18 ❄️| 0.16 SOL
🥉 User#251042 |17 ❄️| 0.08 SOL

Rewards have already been awarded in member area, they can be withdrawn to the blockchain.

🪄 We're starting soon. Stay tuned!

We recall that the pre-launch airdrop of Magio tokens continues, and inform that the airdrop will be completed on February 25.

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

According to the tokenomics of the Game, to ensure the value of the MAGIO token, from 40% to 55% of the tokens exchanged for game values are burned.

Today, on February 4, the first burning of 4.5M MAGIO tokens received from the minting of the Dragon Eggs NFT took place.

Transaction Details: https://solscan.io/tx/649WaLt99jAssBhtAMJHjR7fcEBep6gpCE69Dx7rcZ2sr5p3aJvayddNcakVxetxJdHiMDT1nMiWvRB9Je9DfSmR

Work on the launch of the game continues.

🪄  Introducing the starting avatars of the game's characters:

✨ The New Year Lottery 2024 draw took place today!

The first block on January 13 was block #241467978, but the winner was determined by block #241468092.

🎉 The winner was the holder of Dragon Eggs NFT #5603. Congratulations! 🎉

We will check again tomorrow that there was no mistake in summing up the results and on January 15 we will transfer the prize of 2.024 SOL to the winner's address.

Yes, you're right.

But this is not a "asking for financing", we will start our project on self-financing. Tokens are important to us as game assets, which are more under the control of the player than non-tokenized game assets.

Of course, if someone supports us, it will help us, if not, we will handle the development on our own.

You are offering your token to be sold, some of them will be used for operating cost, some will be used to develop the game further. If I may give another word to describe the current situation: you developed an MVP, and then opening yourself for funding, in form of token sale, in order to develop further and to cover the operating cost --and to compensate the dev team.

What do you mean by "asking for financing"? We're not asking anyone for anything.

It's in your own statement, "now" which only later revised to "'always", as can be understood by anyone reading the previous page. And the "extra fund", will be used to add new features and quests, in other words to develop, where less funding will result in slower development, it's not asking for financing, which also known as funding?

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.

I am interested to know more about this part, I look at your tokenomy, and there's no token allocated for the team and for development? Everything is financed from team's pocket and they got nothing in return?

🎉 The announcement of the New Year's Lottery for Dragon Eggs NFT holders! 🎄

⏰ Date: January 13th
💸 Prize: 2.024 $SOL (guaranteed minimum)

The algorithm for determining the winner will be published in the coming days.


Thanks for your questions.
We will produce the answers tomorrow.

UPD. 2023-12-29

Our goal is to build a gaming economy that is as different from a pyramid as possible.

To do this, we'll use the most interesting (in our opinion) ideas inspired by many game worlds.

It is quite natural that players with more valuable game assets will get more opportunities to earn, but we must not forget that this is a game and a dragon of any level can bring a rare artifact to its master.

This question does not make practical sense yet, we need examples of real problems that we will solve as they arise.

I can say that if any player's actions will heavily load the game server, we will fight against it.

At the start of the game, we don't think that using bots will give an advantage. The current game mechanics will not require a lot of player time.

At the moment, we've not received enough funding to transfer the main game mechanics to the blockchain.

Therefore, in order not to delay the release date, we will launch a game, which, for the most part, will be a web2 game, with elements of a web3 game.

Accordingly, it is too early to talk about scalability issues related to the blockchain.

MAGIO has one single advantage over any other token - if you want to play a Game of Mages, you need MAGIO to be able to purchase in-game resources.

Our main problem is the deficit of financing, we have few investors.

However, we decided to launch the game on self-financing, postponing some of the features that we would like to see in the game for the future.

I am curious about the Game of Mages project and I have some questions and feedback for the team.

First of all, I like the idea of a play-to-earn game that uses the Solana blockchain, which is fast and cheap. I also like the concept of Dragon Eggs NFTs, which can be used to mine gold and artifacts in the game. The game graphics and design look appealing and engaging.

However, I have some concerns about the project as well. For example:

- How will the game ensure a fair and balanced economy, especially when there are different types of dragons with different abilities and rarities?
- How will the game prevent bots and cheaters from exploiting the game and ruining the experience for other players?
- How will the game handle scalability and performance issues, given the high demand and popularity of play-to-earn games?
- What are the advantages and disadvantages of using the MAGIO token, compared to other tokens or cryptocurrencies?
- What are the main challenges and risks that the project faces, and how will the team overcome them?

I would appreciate it if the team or other forum members could answer these questions and provide more information about the project. I think the project has a lot of potential, but it also needs to address some important issues before launching. Thank you for your time and attention.

🎄 Jingle Bells, Jingle Bells...
🌟 For the New Year's sale, we have produced 24 million MAGIO for you with a 33% discount.

The promotion will last until January 2nd!
Anyone can get tokens with a 33% discount on Famous Token Market

🎄 Congratulations to everyone on the start of the New Year holidays! 🎄

✨ We wish you many good and happy moments in your life in 2024!

✨ On our part, we will try to give you some magic and positive emotions!

Coming soon:
🎁 New Year's Lottery and special offers for Dragon Eggs NFT holders;
🎁 Airdrop for all our users;
🎁 Discounts on the purchase of MAGIO.

Reservation...

Game of Mages. Current events
Coming Soon...


Game of Mages. Past events
✨ 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.
Summarize:
✨ almost 9 million MAGIO tokens have been paid;
🎟 140 lottery tickets have been registered to participate in the NFT-lottery.

Are you ready to become a powerful Mage and send your Dragons to mine precious artifacts and sonorous gold coins?

Soon you will have such an opportunity - in the Game of Mages, Dragons earn gold for their masters every day in battles and flights.

The Game of Mages release in 1Q24.

The fastest players are already minting the Dragon Eggs NFT from our collection - Mint Page
Have time and you to mint the egg of the LEGENDARY DRAGON!

All Dragon Eggs NFT holders receive MAGIO tokens every week, which will be used to purchase in-game valuables.

MAGIO Token

To purchase game resources, as well as for in–game rewards, a MAGIO token is used. The token is issued on the Solana blockchain. The total supply of tokens is 13,000,000,000.

Token Address: 2Pbm3XJQLJNnjxH3qyBqFNBCRWqFgfcnRQwMS1uDoFVN

MAGIO is available for purchase on Famous Token Market. Pre-sale is also open for early investors (from 10 SOL).

During the New Year holidays, you will find:

• New Year's Lottery for Dragon Eggs NFT holders;
  
• Airdrop for all users;
• Discounts on the purchase of MAGIO.

Follow the news of the Game of Mages. The adventure will start soon… Everyone can become a Mage!