BlockTalks x Duelist King AMA Transcript!
We recently hosted an AMA with Duelist King, on October 26th at 2PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Zen Khurana, Social Media Specialist at Duelist King So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce Duelist King to our community in layman’s term?
Ans — With an awesome team of 20 people, Duelist King aims to transform the way people play, participate and earn in card games through top-notch game play, asset designs and advocacy for the sustainable future of Win2Earn. Powered by in-house Decentralized Autonomous Organization (DAO), Oracle and Random Number Generator, Duelist King offers dual values for investors from token utilities and card sales (projected at roughly 40 million USD). Please check us out! The Duelist King project kick-started in February earlier this year, the founder/CEO Chiro drafted a technical lite-paper around fair distribution model. The founding team is a strong believer in the power of blockchain in bringing fairness and equality to game assets distribution, defragmenting the centralized power of game distributors and empowering the community to grow and scale any game. Community power, democracy and transparency have become the underpinnings of Duelist King. The project aims to transform the way people play, participate and earn by promoting a Win-to-earn system, encouraging users to enjoy and engage in the game and subsequently earn from the game.
✅Telegram group: https://t.me/DuelistKingNFT
Q2. What are the advantages of Duelist King to the other alternatives in the Blockchain field?
Ans — Good question. I think this is one of the more popular questions we have from the community and our investors. We do not want to become the second Axie btw — firstly cause it’s too hard and secondly the space is getting too busy and less affordable.
We are not trying to focus on P2E although we do offer a P2E feature. We are investing in Win2Earn — appealing to people with our design, gameplay play so they can Enjoy — Engage — Earn instead. So the full narrative for users would be Free2Play — Play2Win — Win2Earn — earnings will come with efforts and enjoyment in the game.
This might sound old-schooled but we believe that’s the sustainable way to move forward with the game. Also, we do offer lower entry barriers and Free2Play mode for newbies to try out the game.
Q3. What are the major milestones Duelist King achieved so far & what are in the future pipeline?
Ans — The focus for now would be to launch the game ASAP cause I know our community is rooting for that 😄 We just completed our first initial NFT offerings and just had one of the most successful #IDO on the OccamRazer platform becoming their most popular project! At the moment, Duelist King has raised over 1M from seed and strategic investors so far, which including BoostXLabs, BX Ventures, Momentum6, Magnus Capital, Shima Capital, GD10 Capital, Everse Capital (AshWSB) , Astronaut Capital, Exnetwork, AU21, X21 digital, Banter Capital, Autonomy Capital and 10 other VCs.
Questions Asked on Twitter For Duelist King Team!
Q1. I understand that Duelist King will take part in developing NFT games, but really what features will these games have? Will they be of a specific theme? And also, users can contribute ideas or even if it is possible to develop games with the technology in your platform?
Ans — The community means everything to us in the game — we want to invite them as owner, creator, voter and investor in our ecosystem regardless of their backgrounds. Duelist King will kickstart the game yet we will invite the community to join in and vote for their favorite design, game play and even contribute designs to the game if they have a knack for design 😎 Another interesting feature is “card personalization” where we will issue a limited number of auction-based slots for community members to buy “card molds”, input their designs, buy customized packets of scores and configure their own cards.
The cards are for everyone whether you are a Investor/collector obtaining cards to sell on the open market or lending them to others for tokens or a hardcore gamer who is focused on having the best deck possible.
Q2. Duelist King $DKT IFO will be launched at PancakeSwap on 27 October. So what is the role and function of the $DKT IFO token in the Duelist King ecosystem? How to participate in the Duelist King pre-sale?
Ans — That’s right! Our IFO with PancakeSwap is coming up tomorrow the 27th of October at 10 am UTC and ending at 11 am UTC!
You can read more in detail about how to take part here: https://link.medium.com/mYk0R1rvFkb
Coming to the $DKT, 10,000,000 DKT (Duelist King Token) will be issued and token holders will have rights for governance voting. Token holders of DKT are able to participate in DAO governance by locking their tokens to gain voting power.
Furthermore, the tokens come with a number of utilities including life-time discount to mystery boxes, staking to mint rare NFTs, and cash-out rewards in the game.
Our tokenomics can be referred from here https://duelistking.com/tokenomi
Q3. Delving into the most notorious features of DK I noticed his astonishing advocacy for democratizing his tokenization through the implementation of his DAO. Now, what benefits does DAO bring to exercise a more functional ecosystem and support for the needs of the players?
Ans — DKDAO provides a lego-styled, ready-to-use and customizable platform for each game to launch their own ecosystem, in which game items are issued as Non-Fungible Tokens (NFTs) in a fair, transparent and traceable method using an oracle and verifiable Random Number Generator (RNG) on blockchain while each ecosystem is governed by a Decentralized Autonomous Organization (DAO) based on weighted voting and decision making power of the whole community. We will transform the way in-game items are distributed, owned and transferred.
Q4. There are a lot of NFT card games out there these days, such as Godsunchained, but can you tell us how DUELISTKING differs from other NFT card games and what benefits and advantages you can provide your users?
Ans — In short our differentiators can be recapped as follows:
- Absolutely randomized, verifiable and fair distribution infrastructure infused with gambling excitement through mystery box offering
- Playable demo available ready
- Top-notch game designs and game play in progress
- Last but definitely not least, community empowerment.
- Advocacy for #Win2Earn — encouraging people to Enjoy — Engage — Earn from the game for a more sustainable business model and earnings model for the community
We do not just engage the community as gamers but collectors, designers and investors are more than welcome. Also our community members can get to vote and pick their favorite game play, game design and also propose how the game operations should take place.
This will follow the DAO governing model that we have designed for Duelist King and also can be leveraged for other gaming studios who wish to pursue the fair distribution and community empowerment features that we advocate.
Also our team are domain experts in blockchain and also gaming side so I believe you have every reason to be bullish about us.
Please follow us at @DuelistKingNFT for our exciting milestones 😉
Q5. Can you share marketing plans, ideas, and next steps does DuelistKing have in place to attract investors and users? Are you planning to capitalize on the popularity of social media in order to increase the popularity of your Project?
Ans — We do engage lots of KOLs, investors in different countries and regions so we can tap in different local communities. We have also acquired some key partnerships with DePay payment solution provider, Refinable NFT marketplace, Ludena Protocol for social gaming platform engagement
and JennyDAO for more rare NFTs. Wealso just had a very successful #IDO on the OccamRazer platform becoming their most popular project and as mentioned before we have our #IFO with PancakeSwap coming up tomorrow!
As you can see we are rounding up our partnership circle with credible names that can bring huge benefits to our users. We do other promotion, airdrops and community schemes too — just that everything will tie back to the community and we want to make you feel like the owners of Duelist King as well.
Questions Asked by our BlockTalks Community Members during live Session to Duelist King Team!!
Q1. Do You have plan to attract local community & recruiting local Ambassadors to expand the project widely?
Ans — Great question! We are calling for ambassadors from different countries to join hands with us. Attractive benefits and token incentives, VIP access to our game, designs and information are just some of them. If you think you’ve got what it takes to join us, please hit me up! We do hope to have stronger partnership with local communities, KOLs and ambassadors to have a tight knit network of supporters for Duelist King!
Q2. Can you please differentiate between Standard Access and Premium Access which are the two play models in Duelist king? Also, for newbies who might not be yet convinced to play your games, will there be a free play mode for them, so that by the time they are convinced they can start the play 2 Earn mode?
Ans — Its open for everybody. We do have a Free2Play version that allows people to come in, check out the game and get themselves familiarized with the games. We will do more tutorials for gamers and non-gamers; the NFTs are also tradable on OpenSea and Refinable in case you want to trade and exchange your NFTs.
The difference between standard and Free2Play is Free2Play is for people to come in and try out the game, learn the game and dip their toes in the water so to speak. Premium requires a full deck of 22 cards equal to 22 USD and is for the people already comfortable with the game and the ecosystem.
Q3. Can you talk about why your team has set a mission to eliminate the Pay2Win system and take it to the next level by transforming into a Play2Win and Win2Earn model? How will it be possible for you to achieve this goal? What do you think are the reasons for this change?
Ans — It doesn’t mean we dont have P2E feature, just that we want to draw the attention from people for the game first. Our slogan is Free2Play — Play2Win — Win2Earn — people need to Enjoy Engage and then Earn in the game.
I do believe that the game play and game designs are vital for our project to stand out. We are not trying to jam in the P2E space although we do offer a P2E feature. We are investing in Win2Earn — appealing people with our design and game play so they can Enjoy — Engage — Earn instead. Also we do offer lower entry barriers and Free2Play mode for newbies to try out the game. There are other benefits to token holders such as life-time discount to mystery boxes, governance rights, staking to mint rare NFTs and earn profit from our game profit pool. And last but not least I believe you will be amazed with our game play and game designs.
A first hand teaser can be found here https://www.youtube.com/watch?v=CoDNydwAeUE
Q4. how can we make money on your platform, is there any best option to make money from your platform? Will the Duelist king have betting and farming options?
Ans — A couple of ways for you to earn in our game
- Win a game to receive cards or artifacts (Win2Earn)
- Win a tournament to win stable coin and DKT
- Lend cards to other players and receive token from them
- Sell cards/artifact on marketplace
- As a token holder, you might stand a chance of joining our leaderboard club to have rewards from buying cards, holding tokens, call for and participating in community voting. The higher rank you have, the more reward you are entitled to.