Inflation: Loot Fountains
💡 Layer 1 = Data Layer
💡 Layer 2 = Computation
For Loot to realize its potential as a high-value game asset it needs to be more dynamic and available to more people. We have taken the approach of an inflationary distillation contract which splits each Loot bag into its individual items. Each item is then available on StarkNet to trade and play with. Balance this contract with controlled inflation mechanics and we can open Loot to the next 100k players.
Controlled inflation is good
Inflation is a natural phenomenon in the world as more energy is injected into ecosystems. Loot is no different. There are 8,000 Loot bags with a total of 64,000 items.
This process would look something like this:
- Items are distilled into individual ERC721s directly onto StarkNet in the holder's account
- Items are available to trade, use in games, or equip on an Adventurer
The actual inflation rate will be finalized on a vote by the hybrid DAO, however, our proposal is as follows:
- 1 Distil event per 604,800s (1 Week)
- 25 $LORDS to distil a bag
If 2,000 bags are distilled each week, this will equate to ~16,000 items which allow the equipping of potentially 2,000 Adventurers. Although it is highly doubtful that all 2000 would be assembled.
Each item will have its own set of dynamic statistics that will evolve with usage.
Adventurers will be able to equip these items in any combination that suits them best.
All the Loot items will be traded on the NFT Marketplace and will be priced in ETH.
Dropping of Items
In the Lootverse there will be various places to explore. Some of these places will be more dangerous than others. If a traveller is not careful they may drop their items and never recover them...
The Merchant Contract
A merchant will be a buy-back contract where users can go to burn their unwanted items. In exchange for the burn, the players will receive a combination of resources and or $LORDS back. This will aim to provide a lever to control the supply of items into the marketplace. The specifics of this will be explained closer to launch.