BlockTalks x Seascape Network AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with Seascape Network, on December 11th at 01.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Nikcy, COO & Co-Founder at Seascape Network, 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 —
Nicky — Hello again, I’m Nicky. Passionate about games and stepped into the Gaming industry in 2014. Experience at established Chinese game studios such as Yoozoo, Forgame and Moonton. Worked as a project manager of <League of Angels>, which won the ‘BEST FACEBOOK GAME’ in 2014. It was a huge success and led to a very good market performance. Also worked as a designer and operation team leader on <Liberators>, a WW2 strategy game that also won the ‘BEST FACEBOOK GAME’ in 2016.
Currently leading development of BLOCKLORDS, an innovative medieval grand strategy blockchain game. And also Co-founder and COO of Seascape Network. Personally I got into crypto because of CryptoKitties. Its success also gives me inspiration about combining the games with blockchain technology, allowing “play and earn” to become the next wave in the industry.
Hope this short answer can let you guys have some basic info about me 😆
You konw, first as an investor and later as the creator of BLOCKLORDS, which was the first blockchain strategy game. Since then, we’ve received funding and grants from many major blockchain institutions and protocols, and we are ready to take the next step on our journey by developing the Seascape Network, a game platform designed around the Defi and NFT economies!
Introduction Questions Asked By Team BlockTalks
Q1. Could you please introduce Seascape Network to our community in layman’s term?
Ans — Seascape is a gaming ecosystem platform built on Ethereum and Substrate. It is designed for the DeFi and NFT economies. With a focus on usability and quality, the aim is to create an environment that will allow users, developers and stakeholders to play, earn and share experiences in an incentivized way.
We are going to launch the platform soon, aiming 2021 Jan, so stay tunned!
Q2. What are the advantages of Seascape Network to other alternatives in the Blockchain field?
Ans — Well, you guys already know that our team developed BLOCKLORDS, during the development we have worked with most top 20 chains out on the market, we can say with confidence that most developer tools for blockchains are painfully inadequate. There is a huge learning curve for any given smart contract protocol, and the developer tools and environments are incredibly hard to set up. This is the main reason why ethereum is so popular, because other chains are basically impossible to work with.
With Seascape, we plan to change all of that. By releasing a clear and well-documented set of SDKs, we plan to make game developers be able to tokenize their projects in a much clearer and easier way than anything that is currently available. Our past experience releasing games on multiple chains makes us experts in this matter.
Q3. What are the major milestones Seascape Network achieved so far & what are in the future pipeline?
Ans — The first step of our launch will be to release the Seascape game platform, which will of course host our core strategy game, BLOCKLORDS, but also 3 brand new DeFi mini-games which will provide great opportunities for our users to earn. This will all be released on the Ethereum mainnet as while transaction fees are high, most of the value is still there for our users to grab.
Following the launch of the Seascape platform, we will begin our transition to Substrate in 2021. It will begin with a new random number generator developed on Substrate, which will offer a unique decentralized product for other dapp developers in the polkadot ecosystem. We will also release a host of other games, both developed by our own studio and other partners we have made partnerships with. All projects associated with Seascape will use Crowns as the core token for value transfer.
Questions Asked on Twitter For Seascape Network Team!
Q1. How does the team profit from the project in order to maintain it costwise and what is its revenue model?
Ans — As long as the platform grows, it will direct more and more new users to the Seascape site, where we can generate profit directly from participation our games. Additionally, when devs use our SDK, we will also receive small, indirect profit.
Our aim is to avoid much of the predatory behavior that springs up in communities that involve financial risk. We want sustainability and actual profit for our users, so our model has to be based on such principles.
Q2. The gramified aspects of traditional finance can be easily implemented into games as part of the core features of the game. How do all of these ways get players to not only increase their power in the game, but also earn real gains while having fun with the game?
Ans — Seascape is providing a real 2-sided market by gamifying traditional aspects of decentralized finance. It’s a platform that provides both a product (games with are fun) and a service (for devs who want to create games).
This is the model which we unite with DeFi to allow both consumers of the product and developers alike stand to earn while they engage on the platform. Through liquidity mining, NFT staking and lending, Item CDPs, and more, users can gain both active and passive income.
Q3. Each player who owns Crowns in Seascape will receive a weekly rebase drop. How does this reset feature make it easy to create a passive way to increase the stacks of crown holders, thus boosting the growth of the community? What other advantages does this model offer?
Ans — What makes Seascape’s rebasing system so unique is that we’re not creating new coins, but we’re only taking the ones that were spent within the platform and redistributing them.
Our goal with this is to avoid rampant inflation. It’s also important to remember that rebasing is just one species of community incentive. It’s really just a small part of a larger ecosystem, but we have alternative methods of engagement in order to encourage spending. Users of the Seascape Network will be able to enjoy both active and passive income.
Q4. What characteristics and features makes the Seascape’s minting and trading system unique and different from others gaming DeFi platforms?
Ans — What we’ve done is creating a firm balancing act that will assure that both NFTs and Crowns exist in equilibrium. We balance the value in creation and burning of NFTs, as well as in minting and spending Crowns.
When NFTs Staking rewards are claimed, they are burned, and when they are created, they require Crowns.
The economy grows through additional users engaging in the economy, rather than unstable inflation inducing practices, as seen on some other well known platforms.
Q5. STAKING is very popular topic recently. Please tell us in detail about the $seascape network Staking plan and the benefits of adding staking?
Ans — Liquidity pools are a great innovation in this regard, because they stabilize the supply and price of token. Another important aspect are our Player-Created Coins PCC (which are in fact, CDPs — collateralized debt protocols). Players can look forward to liquidity mining and NFT staking, and can decide if they want active income, passive income, or both.
Also, player can looking for Seascape NFT Staking game. Which you can stack NFT and earn Crowns reward. As I said, we will launch 3 DeFi Mini-game right after token launch, NFT staking game is one of them, so stay tunned.
Questions Asked by our BlockTalks Community Members during live Session to Seascape Network Team!!
Q1. Do you have a plan to attract non-crypto investors to SEASCAPE and how? What actions to raise awareness about SEASCAPE in the non-crypto space especially for new users?
Ans — The core members of our team is coming from tradition gaming industry, used to play big role in famous company such as EA games, Ubisoft, Paradox, Yoozoo, Shengqu etc. So we already got some attention in non-crypto investors, such as some big Chinese game studio, they keep a close eye on what we achieve and develop.
Also, we are focus on Scalability (on borading non-crypto players), our strategy is that players don’t need to have prior knowledge about blockchain; they can simply register and play. This way we will get normal players inside of the game first. Then we reward and educate players with events and crypto rewards, teach them things about wallet, crypto, blockchain tech, etc.
A good example is the last event we worked with MakerDao in BLOCKLORDS. Every player who created a wallet (Metamaks) and linked with the game will get 25 $DAI reward. Turns out we got more than 500 players to do it and 30% of them did this for the first time. In this way, we intend to encourage more and more brand new players to enter our ecosystem.
Q2. Is SEASCAPE a global project? Can local communities take part in SEASCAPE?
Ans — We are a global project. Our team consists of about a dozen people located in Shanghai, Singapore, Tokyo and Sweden. We also work with a variety of game developers across the globe in order to ensure diverse, high level content for our platform.
We welcome different nation communities join us and help us building Seascape together! Just email: info@seascape.network if you think you can help.
Q3. You can’t claim the product are good or not if you never try the product it self. Have you ever tried playing one or any games on Seascape platform? in your opinion, which one is the most exciting?
Ans — I’ll say right now I fell really excited about the 3 defi mini-games that gonna launch right after the token and platform launch.
Everyone tried yield farming right? But we made our own yield farming so incentive and combined with the power of NFTs!
In a nutshell, users can participate in Game #1 LP Mining by deposit Uniswap CWS-ETH LP tokens to consistently earn CWS rewards, and participating users can also earn a Seascape NFT bonus. In Game #2 NFT Minting, players can spend CWS to mint random quality Seascape NFTs. In the leaderboard, players can compete for more CWS bonuses. All the Seascape NFTs can be used in Game #3 to stake and mine Crowns with an attractive APY. However, there is a consequence, staked NFTs will be burned when players claim the Crowns rewards. In other games, we will also implement CWS as an in-game recharge method and make it become the economic core of gameplay.
Q4. With a very simple definition; something that a newcomer to the crypto industry would be able to understand, how are you going to define SEASCAPE? And why do you think it is a revolution in the blockchain space?
Ans — When the platform launch, you will see we did a lot of effort to make things easy.
Such as we implemented Uniswap API, so user can just connect wallet and puchase Crowns(CWS) in our site, no need to go to Uniswap and worried about fake tokens.
We are also working on Scalability (on borading non-crypto players) a lot, our strategy is that players don’t need to have prior knowledge about blockchain; they can simply register and play. This way we will get normal players inside of the game first. Then we reward and educate players with events and crypto rewards, teach them things about wallet, crypto, blockchain tech, etc.
Q5. We all know that there are many problems with the Ethereum network: scalability issues, high gas costs, slow speeds, etc. So, why did you choose to build a token on the ERC-20 blockchain ecosystem? Why not build it on some scalable blockchain?
Ans — Yes, congestion and gas prices are a huge problem on Ethereum, one that needs to be solved over the long term. But the fact is that Ethereum is the only smart contract chain that currently has enough value to make a DeFi product sustainable. This is why we insist on launching Seascape on Ethereum first, because it is where all the value is locked up, value that we want our users to be connected with when they trade their assets on exchanges such as Uniswap and Opensea.
For the long term, we belive Polkadot has a great chance to disrupt the market and offer scalibility, which is why we are planning on migrating our platform to there over the coming years. We will also keep exploring Layer-2 solutions, but so far none of the available ones are smooth enough to capture real value away from Ethereum.
Here are some important links of Seascape Network👇
🌎 Website: https://www.seascape.network/
📱Twitter: https://twitter.com/seascapenetwork
📢 Telegram: https://t.me/seascapenetwork
📢 Discord: https://discord.com/invite/vmVGRMK
🗄 Repository: https://github.com/blocklords/crowns
🗄 Medium: https://medium.com/seascape-network
