Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto gaming (GameFi) => Topic started by: Binger on March 10, 2024, 02:54:56 PM
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One of the most promising and ambitious projects that have brought together chess, blockchain, and cryptocurrency is Chess Polygon.
Chess Polygon is a play to earn chess crypto game (https://chesspolygon.com/) on the Polygon blockchain, where players earn STEIN tokens for victories over opponents. The game developers have opted out of using NFTs and propose using a single token for any interactions within the crypto chess ecosystem.
The project introduces new concepts such as "intellectual staking" and "intellectual mining." The idea is very simple and straightforward. To earn tokens, players are invited to stake a certain amount of STEIN, and rewards for victories are based on the balance of the staking wallet. It is important to understand that the process of intellectual mining implies that upon winning, a player receives a reward, but upon defeat, they do not lose tokens.
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This option provides absolute flexibility and freedom, allowing the player to invest in themselves as much as they want, as much as they believe in their chess skills. At the same time, they can withdraw tokens from staking either partially or entirely at any time.
Chess Polygon has launched the first-of-its-kind crypto chess Testnet, where anyone can receive test tokens and try their hand at intellectual mining completely free of charge.
The idea of creating a play to earn chess crypto game is not new, but in this case, the developers are employing a completely new approach to the reward allocation mechanics, which we haven't seen in other projects before. The developments of Chess Polygon are undeniably very interesting and promising.
Website: https://chesspolygon.com/ (https://chesspolygon.com/)
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So what makes people buy the token and drive the price up? You can't rely on the players since the token is their incentive. While they need to stake, the amount of people who will sell the tokens will always be higher unless they don't want any incentive to play and want to have fun trampling on weaker players. I can see the team expanding it to something like a DAO, but nobody usually cares about that, especially if your platform is niche. A chess enthusiast would rather watch YouTube chess content instead of spending $10 to buy tokens on some obscure chess platform.
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Obviously, the game is only for chess players. It's actually a difficult game in my opinion, because you'll really use your brain there, the chess masters there memorize the characters there in that Chess. From your first move, the chess expert immediately knows how to beat you.
So for me those games are not difficult, not that I am discouraging communities in those games, my point is that it is only for those who like to play chess. Although, the blockchain network used in the games is good.
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I just tried chessnode I had fun because I played chess and when I won I got rewarded a Stein token. I just started and will still explore it and this is a nice concept to make people want to play chess and earn also.
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There is no reason to use blockchain here, the cost of broadcasting the transaction through the Polygon network is low, but everything can be done centrally and there is no tampering or additional fees.
Buying STEIN tokens before starting the game means that the game is paid and the fun will end once you lose your balance, but the games allow you to play for free and paid options when you bet with friends.
I just tried chessnode I had fun because I played chess and when I won I got rewarded a Stein token. I just started and will still explore it and this is a nice concept to make people want to play chess and earn also.
If the number of players increases continuously, the value of the token will increase as long as the final supply is fixed.
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There is no reason to use blockchain here, the cost of broadcasting the transaction through the Polygon network is low, but everything can be done centrally and there is no tampering or additional fees.
Buying STEIN tokens before starting the game means that the game is paid and the fun will end once you lose your balance, but the games allow you to play for free and paid options when you bet with friends.
If the number of players increases continuously, the value of the token will increase as long as the final supply is fixed.
Yeah, I also don't see the value of crypto and blockchain in this game, everything can be implemented without blockchain. We don't need any limit on characters, equipment, weapons, and we don't need NFTs.
Chess is a favorite game of millions of people, but the current game platforms have already served their needs very well, they have no reason to experience Chess Polygon and pay transaction fees even though they are very low. I think the Chess Polygon team will need to develop more features to convince players to experience and stick with this game.
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There is no reason to use blockchain here, the cost of broadcasting the transaction through the Polygon network is low, but everything can be done centrally and there is no tampering or additional fees.
Yeah, I also don't see the value of crypto and blockchain in this game, everything can be implemented without blockchain. We don't need any limit on characters, equipment, weapons, and we don't need NFTs.
In addition, any step in the game means that you will pay because it updates the data, and this means that the longer the game is, the more STEIN tokens are needed. In this way, the people who play it are amateurs who may play it once every few months, or gamblers.
It would be much more convenient to create a paid game on a central server and be able to sell the balance and convert it into STEIN tokens or Polygon.
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In addition, any step in the game means that you will pay because it updates the data, and this means that the longer the game is, the more STEIN tokens are needed. In this way, the people who play it are amateurs who may play it once every few months, or gamblers.
It would be much more convenient to create a paid game on a central server and be able to sell the balance and convert it into STEIN tokens or Polygon.
Yeah, I think this is also a good suggestion that the team can apply. Many blockchain games are currently being developed in the direction of free to play & skill to earn, turning the internet and blockchain into a place for entertainment and competition with worthy rewards for gamers. I think this will attract players but I'm not sure about the ability to earn money from in-game rewards or profit from the token's price increase.
Honestly, I have no motivation to participate in testing and spend time on projects like this: it is not entertaining or profitable, nor is it as attractive as the services that we can easily find on the internet.
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This is an interesting interesting project for me especially the part where you could earn tokens called STEIN. Is it related to Albert Einstein or something?
What a fear is for the project is that chess.com would make their Own. They are a big chess company and I think they would easily dominate the market when they release something related to this.
Great effort though.