As we transition into Phase 2 and ramp up our token distribution mechanisms, $THGAMING price volatility is likely to occur. We believe that our Whitepaper portrays a sustainable long term growth model ; and as always our central focus is to create use-cases for the token and increase earning opportunities for token holders.
We strongly encourage all potential investors and $THGAMING token holders to thoroughly review the '$THGAMING WHITEPAPER V1.0 ' released today.
This post will contain a number of 'Whitepaper highlights' to help explain some of the technical aspects of what you will read, but it is no way a substitute for the Whitepaper itself.
The transition from Phase 1 to Phase 2 will involve an increase in $THGAMING's supply from ~12,000,000 to ~165,5000,000 over the next three years. This will seem massive compared to our current supply, but it equates to an average of ~5% of the total supply being minted per year. That's without applying the token burning/sink mechanisms we're developing behind the scenes.
Our distribution methods are being expanded to provide greater curation rewards and a refreshed liquidity pool. Eventually, $THGAMING will also be distributed through token airdrop/mining NFTs and prize pools from regularly hosted gaming events. We want to create a highly liquid environment for our token before we start piling on the use cases.
Speaking of, the first use cases we're moving towards are entry fees for Guild events (i.e. tournaments, raffles, auctions), purchasing certain THGaming NFTs, and spending $THGAMING in partnered projects. There will never be a "good enough" when it comes use cases, as we aim to regularly introduce more as new opportunities present themselves.
THGaming has been fortunate enough to enjoy relationships with $PIMP, The Alliance, Psyber-X, and the 1UP Cartel, but we don't plan on stopping there. We're looking to support other Hive communities that wish to curate $THGAMING or add it to their dividend tokens, and we're actively discussing ways to build bridges between the Guild and other similarly-minded Hive communities.
Since we expect there to be many investors, and gamers, seeking further clarification or information on the contents of our whitepaper, we encourage you to join the official THGaming Discord. Both @jim-crypto and @entrepidus will be answering any immediate questions you might have, over the next several days.
In the interest of continued transparency, the following will occur immediately following this announcement:
The previous drip rate is being increased to >4.2x its original value. We plan on further increasing this rate each year until we enter Phase 3 depending on how quickly the community grows. We'll monitor curation payouts relative to market price action, and we're prepared to make adjustments, if necessary.
One option we decided againstโfor nowโis the ability to automatically stake half of all curation rewards rather than providing 100% liquid $THGAMING. This would mean that the liquid $THGAMING being distributed would only be doubled despite quadrupling curation rewards.
To go along with this, most of our delegations from @thgaming are being removed or downsized to prepare for the launch of our in-house Curation Program. Those interested in becoming a THGaming Curator should reach out in our Discord for additional information.
We're renewing the $HIVE:$THGAMING Rewards Pool with 333,333 $THGAMING each month for another 90 days. Other Hive tokens will be added to the pool, but we'll announce them as the details are finalized with our current/future partners. While it's possible that liquidity providers will again enjoy 300%+ APR, we've reduced our target APR to a floor of 150%. This means we'll do our best to maintain 150% APR, and anything in excess of that is a welcomed bonus.
4,808,331 $THGAMING will be minted/staked for the month of June and allocated as follows:
Liquidity Pools
Gaming Events
Staff Compensation
Guild Treasury
Marketing
Going forward, THGaming will release a "State of the Guild" accounting update on the 1st of each month detailing the Guild's ongoing financial situation. Future updates will provide more granular detail than we have room to discuss in this announcement, and we'll make an effort to address questions/concerns raised through our Discord.
Looking to the rest of June, the following are specific goals we're working towards:
As explained in the whitepaper, our first NFT series will be minted on WAX and used to provide fixed $THGAMING airdrops to their owners. We'll be announcing a sale date for this series by the end of June with more specific details.
Given the Guild's strong pre-existing affiliation with Splinterlands, it should come as no surprise that our first round of events will be focused on Splinterlands. We're hoping to announce dates for at least one tournament, several contests, raffle ticket sales, and a series of auctions. To clarify, this announcement will be for events slated to begin in July or August.
Now that we've got strict budgets and guidelines in Phase 2, we're already looking to apply them to the formation of new partnerships and strengthening of old ones. While we can't reveal any details at this time, we'll likely be announcing new information each week starting June 6th.
For those interesting in forming a partnership with us, reach out on Discord!
Let's take a moment to look back on how far we've come. Thanks to our amazing community, THGaming has continued to beat all expections we've had for $THGAMING!
Our initial Roadmap estimated 1-2 Years for completing Phase 1, but we achieved all of the following in just 4 months:
The next phase of $THGAMING's development will last for 3 years: June 1st, 2022 - May 31st, 2025
The following summarizes our current goals for this phase:
Given the fixed 3-year timeline for achieving these goals, it's entirely possible that things will be completed out of order do to unexpected delays or breakthroughs. Treat this as a glorified "to-do" list rather than a sequential step-by-step plan.
At the outset of Phase 2, we're currently focused on tackling the following goals:
We've spoken a bit about how we intend to spend the first month of Phase 2, but these remain top priorities in the months to come. We want our community to have a place to gather within the Hive ecosystem, and we want to begin releasing NFT series and acquiring Guild assets to support the many events and perks we want to provide to Guild members.
As we come to a close, let's talk about about the "weirdness" $THGAMING might experience over the next few weeks. First and foremost, expect volatility. We're introducing a considerable amount of information and liquidity that holders will be reacting to. Some of those reactions will be delayed both due to the 7 day curation payout cycle and the 7 day wait on the first 25% of any destaked tokens.
It's entirely possible that the community reacts positively for a decent bump in valuation before a sudden wave of delayed selling pressure hits the market a week later.
None of this is financial advice, but we want to make sure you understand the various factors that may play out this month. We'll be taking notes and closely monitoring potential weak points in our tokenomics. If we feel like our plan missed something or isn't playing out as intended, we'll keep the community informed and work towards fixing any problem/s that occur, as quickly as possible.
As always, please don't invest more capital than you're prepared to lose, as nobody can predict the future. Crypto can be wild, so we hope everyone is safely buckled in for the ride.
Trade safely, Game hard!
๐ธ THGaming Discord
๐ธ THGaming Twitter
๐น THGgaming Instagram
๐ธ Linktree Official
$THGAMING on Tribaldex - - - $THGAMING Whitepaper- - - 3Speak IPFS Video
Post rewards will go towards powering up $HP and funding $THGAMING's ongoing development.
Brilliant Update and i can see a lot of moving parts, Looking forward to seeing how this is all gonna go but excited nonetheless
$pimp
!PIZZA
You must be killin' it out here!
@dadspardan just slapped you with 1.000 PIMP, @thgaming.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/1 possible people today.
Read about some PIMP Shit or Look for the PIMP District
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-0.00000001 BTC (SWWAP.BTC)
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
This seems a massive long term project, and results are evidently positive. This will sure improve the gaming community and create new opportunities for Hivers.
!gif Well done
Via Tenor
PIZZA Holders sent $PIZZA tips in this post's comments:
dadspardan tipped thgaming (x1)
@lofone(1/5) tipped @thgaming (x1)
Learn more at https://hive.pizza.
Great update, a white paper like this is going to knock some sox off !1UP !PGM !CTP !PIMP
You must be killin' it out here!
@dynamicrypto just slapped you with 1.000 PIMP, @thgaming.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-0.00000001 BTC (SWWAP.BTC)
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
You have received a 1UP from @dynamicrypto!
@pimp-curator, @thg-curator
And they will bring !PIZZA ๐
Learn more about our delegation service to earn daily rewards. Join the family on Discord.
Great update and I'm very excited about the upcoming phase 2! THG to the moon!
!PIZZA
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