Gold Room AMA Transcript

"Gold Room is a GameFi development and operation platform underlying synthetic assets, embracing both financial and gaming attributes with NFT, Finance, and Game combined to create a highly scalable, decentralized and open PlayToEarn ecosystem for the community."

By
BSCNews
on
December 13, 2021
Category:
AMA

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with Gold Room! Today we have Will the CMO of Gold Room joining us to talk about their exciting new project... Great to have you here :)

Gold Room

Thanks for your introduction, Stephanie.

I am really happy to share details about Gold Room here.

Stephanie (BSC.News)

Great!

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you beforehand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway

Gold Room

Got it ! Let's begin

Stephanie (BSC.News)

Good! so to kick things off, for those who may be unfamiliar...


1. Please introduce yourself and the team behind Gold Room.


Gold Room

Sure! I am Will, CMO and admin of Gold Room Community.

Two Core Members of Gold Room.

Mike, Gold Room Founder &CEO, senior IT practitioner with 10 years of product and R&D experience, starting to invest and develop crypto tokens since 2014. He founded Gold Room in September 2021.

Kevin, Gold Room CTO,  early engineer of Polygon, technical consultants and developers of several public chains, tokenomics designer of many DeFi projects since 2017.

Stephanie (BSC.News)

Well awesome! Sounds like you guys have a great team so let's talk about the project itself


2. What is Gold Room and what is the vision and mission of your team? What makes up the Gold Room?


Gold Room

Gold Room is a GameFi operation platform that integrates fighting games, issuance and auction of in-game assets, transaction and GuildDAO system.

NFT, Games and Finance are converged here to create a highly scalable, decentralized and open GameFi platform with both financial and game attributes, providing the community with an interesting play-to-earn ecosystem.

Gold Room is not only a decentralized game development and operation platform, but also committed to becoming a future portal and infrastructure for gamers to the metaverse.

Multitudes of games have disappeared after short-lived mania while game integration platforms with vigorous ecosystems show stronger vitality showing long-term value of the underlying infrastructure.

The three ecosystems of NFT, Game and Finance together constitute the metaverse of Gold Room.

The Finance system represented by the stablecoin synthetic asset based on the PCV mechanism is likened to the “blood” flowing in the Gold Room Metaverse, then the GoPlay games constitute the "bones and muscles" and the NFT are unique "souls" alive in the virtual world.

Gold Room has and will launch a bunch of GameFi based on wonderful stories, immersive experience, and sophisticated tokenomics, creating a digital metaverse where everyone can enjoy.

There are 5 meta-infrastructures planned on Gold Room

1. GUST: fiat token of the Gold Room metaverse 

2. GoPLAY: collection of fascinating games 

3. NFT Marketplace: open NFT asset trading platform 

4. GSO: launchpad and exchange of in-game assets 

5. GuildDAO: DAO of guild system

I will introduce them one by one.

1. GUST

Gold USD Token (GUST) is a stablecoin asset based on the PCV mechanism with reserve assets backing its value.

GUST is the only fiat token of the metaverse in the Gold Room protocol which will be widely used for payment and valuation.

Relying on consensus and PCV mechanism, the circulation of GUST can be adjusted  according to the latest price and reserve assets balance in the alchemy pool.

People can always mint and redeem GUST at the ratio of 1 GUST to 1 USD.

2. GoPLAY: collection of fascinating games

GoPlay is the main component of the game module, the usage scenarios of GUST and PEACE, and cultivation soil for the avatar of gamers in the metaverse.

GoPlay plays the role of both publisher and operator, developing and operating games at the same time.

With open protocol architecture, rich NFT ecology and solid community, GoPlay provides a valuable platform for community developers and third-party teams.

In order to motivate and incentivize third-party developers, Gold Room has established the GameFi Ecology Fund with continuous investment and support to provide developers with a sufficient and complete development platform and operating environment.

3. NFT Marketplace: an open NFT asset trading platform

The NFT Marketplace is a decentralized NFT assets trading platform that serves the trading and auction of Gold Room heroes and gems in the first stage.

Players can browse, collect and sell their NFT cards on the NFT marketplace to earn profit. On the other hand, players can also obtain NFT needed to synthesize upgrading cards to get higher rarity cards.

The NFT Marketplace is planned to be a decentralized and open independent NFT asset trading platform, and support more creators, traders and collectors to trade more types of NFT assets on the platform.

4. GSO: launch pad and exchange of in-game assets

GSO is an auction and trading platform for third-party game assets with NFT or tokens.

GSO will act as the trading platform for tokens of both the game subDAOs and community subDAOs.

All the income from GSO trading fee will be used to buyback and burn PEACE token.

Gold Room, [12/13/2021 9:11 PM]

5. GuildDAO: a decentralized autonomous organization of guild system

GuildDAO is a decentralized autonomous organization guild system, composed of guild managers, guild members, players and technology supporters.

Guilds either specialized in specific games or governed by distinct communities can create their own subDAOs here.

Players can choose to join the higher-yield DAO by investing funds to swap discounted share tokens.

Strategies provided by the guild members will be carried out through the automatic gold farming contracts and scripts offered by the platform, with the funds and assets being jointly managed and used by the two parties through multi-sign contracts.

The positive profit flow obtained will be continuously injected into the DAO treasury to increase the value of each DAO equity token.

And there are 4 Roles are involved in GuildDAO

Guild manager x1: guild creator and provider of gold farming strategy. 

The guild manager will receive 5% of the profit.

Operation members x2: to take charge of daily operating and managing of the guild.

At least 3 people in each guild form 6 multi-signature wallets with the platform to jointly manage and ensure the security of dao assets.

Each of the operation members will receive 2.5% of the guild’s profit.

Players: Individuals can invest funds into dao to purchase dao tokens at a discount, so as to gain share of the dao treasury's revenue.

80% of the guild’s gold profit is obtained by the players.

Technical supporters: to construct the GuildDAO system, provide technical support for the gold farming contracts and scripts

10% of each DAO's profit will be reserved to the platform.

GuildDAO will also energize Gamefi Fund in the following path.

GuildDAO can identify these games early based on the attractiveness and feedback of its gamer guilds, therefore valuing and investing in relevant underlying networks.

Assume that the average investment for each game is $50,000, and the average value of the game is $15 million.

Even if nine out of ten of these games fail completely, as long as one reaches the level of Axie’s volume, the guild will have a profit opportunity up to 8-9 figure, which includes both investment returns and early play-to-earn rewards in the GuildDAO.

GuildDAO can not only discover the game early on, but also campaign highly targeted marketing to lead new gamers there, and motivate playing with guild share token rewards.

The "player liquidity" guides the deployment of new games in the virtual world, making games more entertaining and increasing the likelihood of success.

Through this approach, Goldroom will surely become one of the pioneer investors in the play-to-earn game field.

Although gaming is faddish-driven, Goldroom's Gamefi Fund is expected to outperform any out-of-industry funds as the DAO can find winners early and achieve success with its massive player teams.

In addition, I want to tell something about GuildDAO's social ecosystem.

GuildDAO will predictably become the core social layer built on the "play-to-earn" ecosystem, creating more value-added products to enhance gameplay.

GuildDAO's innovative subDAO decentralized guild structure is shown in the following picture.

GuildDAO created an innovative subDAO model to enable more scalability of DAO.

Every guild and game community can create its own subDAO and issue its own subDAO token.

Each new game will be equipped with a community leader from DAO, who is passionate about the game along with the subDAO token he holds.

SubDAO token holders can vote on governance issues specific to that subDAO. They can plan development needs or raids, vote on in-game real estate purchases, and get more rewards for level-up.

PEACE token will be used as a metric for in-game NFT and relevant yield in the subDAO.

PEACE holders in the GuildDAO can obtain discounted share tokens with PEACE.

For example, if PEACE token holders are optimistic about BNX breeding, they can invest most of their tokens into the subDAO specific to the game and get the DAO's share token at a discount, therefore sharing the revenue of gold farming.

A long answer😉

Stephanie (BSC.News)

Great!! That was very neat! Thanks for the explanation. I’m really interested, but before we get more into that let's talk about your token first


3. What are $GUST, $PEACE, $vePEACE and their utilities? Can you give us some tokenomics behind it?


Gold Room

Sure

About GUST

GUST is the utility token and the fiat token of the Gold Room metaverse, it’s a stablecoin asset based on the PCV mechanism with reserve assets backing its value.

People can always mint and redeem GUST at the ratio of 1 GUST to 1 USD.

There are arbitrage opportunities relying on the floating collateral ratio mechanism, the community can earn from the difference between the GUST price and the collateral value, as well as the difference between the actual collateral percentage and the floating collateral ratio.

The specific arbitrage strategies for Mint/Redeem/Buyback/Re-collateralize are shown in the tutorial

About PEACE token

Token Symbol: PEACE

Token Name: Gold Room Token

Blockchain Network: Binance Smart Chain

Token Standard: BEP20

Decimals of Precision: 18

Total Supply: 500,000,000 PEACE

Contract Address: To be updated

PEACE has a wide range of usage, lock-up, buyback, burn and mining scenarios to increase PEACE value in a variety of ways.

1.Mint and redeem of GUST will use and spend a lot of PEACE token

PEACE holders can mint GUST in the alchemy pool with USDT/BUSD and PEACE, and then obtain NFT cards with GUST to gain more CE.

For more details about the usage scenario of PEACE in the alchemy, please refer to

2.60% of the game revenue will be used to buyback and burn PEACE token.

Platform revenue refers to all GUST paid in the game, most of which will be used for the buyback and burn of PEACE to maintain long-term value of PEACE.

For more information, please refer to

3. Stake of PEACE can obtain share the yield of game and GuildDAO

Stake of PEACE can get 20% of the revenue of the platform and share yields of GuildDAO in all subDAOs.

4. All the income from GSO trading fee will be used to buyback and burn PEACE.

5. Support lock-up of PEACE-LP and vePEACE to boost mining with outstanding lock-up mechanism

a. The liquidity providers of PEACE and GUST will receive PEACE rewards. The PEACE reward depends on the fluctuation of the floating collateral ratio and the self-selected LP lock-up time. Liquidity providers will receive weighted bonuses.

The longer the lock-up time, the higher the reward standard. The highest reward standard will be 3 times the non-lock-up standard.

For related rules, please refer to

b. vePEACE is the certificate obtained by the holder to lock PEACE, supporting PEACE farming and the governance of the Gold Room protocol.

Holders can choose to lock-up PEACE from 7 days to 365 days, and get vePEACE at a maximum of 3 times the amount of PEACE.

For related rules, please refer to

Stephanie (BSC.News)]

Okay nice! Thanks for that clarification😀 I find the gitbook links very helpful when I was researching for Gold Room


4. How to play-to-earn the first game Goldenwar?


Gold Room

Aha, Goldwar is the first game on the Gold Room platform.

It depicts the adventure and growth stories of 16 representative heroes fighting for honor and wealth from four ethnicities in a Metaverse empire invaded by chaos forces.

I would like to share the files of the heroes here.

Each hero has 6 forms

Then, let's come over how to play-to-earn

Players can obtain hero card NFT randomly by opening blind boxes, and share the PEACE rewards in the battle reward pool according to the CE(combat effectiveness) of the cards.

CE is a comprehensive result of the card attributes, says Rarity/Level/EXP/Gems.

Players can increase their CE by fighting against monsters, equipping gems, synthesizing upgrade cards to get more play-to-earn yield.

Please follow the steps in the tutorial to start the fantastic adventure and fortune journey.

Stephanie (BSC.News)

Great! thanks for the information


5. What other games are planned in the future?


Gold Room

There are three other games in the plan, First Blood, Goring Tower and Jumanji.

First Blood is a PVP mode fighting game that allows players to PK in 1v1 or 3v3.

First Blood is currently under planning and development and is expected to be officially announced and launched in Q1 of 2022.

Goring Tower is an offense and defense game expected to launch in Q2.

Jumanji is a multiplayer strategy board game, expected to be officially announced and launched in Q3 of 2022.


Players will share the game tokens with a little luck (e.g. Dice) and finesse to buy property, build buildings and rent out to earn, accumulating wealth in the constant competition and mergers.

Stephanie (BSC.News)

Many exciting games lined up to launch!

Gold Room

Yep


6. Is everything on your platform audited?


Gold Room

Yes.

Gold Room and PeckShield have reached security cooperation and the smart contract audit has already been done.

The audit report can be checked


7. Is everything on your platform audited?


Gold Room

Ah, yep. Gold Room will launch on 8:00, 16th, Dec. 

Gold Room sincerely invites you to initiate the adventure and fortune journey in the fantastic metaverse and play to earn at the scheduled time.

Relative links

Website

Docs

Github  

Twitter

Discord

Telegram  

Medium  

Stephanie (BSC.News)

Great! Make sure that you guys go and check out Gold Room! Their platform offers you exposure to the best projects on BSC all while rewarding you for using their innovative ecosystem!

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