Jeremy Knows podcast

JK ep. 122 - Chain Faces Arena

1/3/2022
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34:28
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Disclosure: I hold 10 of these tokens
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I think this is a great innovation in the space and whether you play or not is a great project to LEARN about blockchain, staking, and gamification.
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Arena: https://chainfacesarena.com/#/arena
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tip the clown: https://ko-fi.com/jeremyknows
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Project highlights - Fully on-chain. No external dependencies. Svg on contract. No API. - Your token dynamically changes> stats change and can see changes on-chain + visually, in real-time, at the contract level. Testing deflationary impact - Deflationary impact on supply through token elimination in the battle arena. - So once the minting happens, then battle arena opens, if you choose to play, you could die. - This is to test the market dynamics of how many tokens die. They’ve modelled scenarios but they don’t know what will happen. - Sweeper bot will need to clear the dead from the arena. Whitelist Mint - Around 24hr period - Window opens 1st Jan exact time to be announced - Mint at project website - 2 token limit - 0.069E - Gas probably at guess around .02-.03 - Expecting around 15K-ish whitelist mint total Public Sale Mint - Something interesting is being revealed about public sale tomorrow - 1 hr window opens immediately after mint and no idea how many will get minted but there will be caps per tx - Gas competitive The Art - Generative on-chain art - Once minted, you’ll get a placeholder image, that reveals only once all minting windows are over. - To reveal on Opensea - Refresh meta-data. On project, site reveal will be automatic post mint. The Arena - If you die in the Arena your NFT is GONE, and you cannot get your NFT back - You don’t need to enter the arena - The benefit of joining the arena is dynamic token updating which may/may not affect rarity. - The game is simple lo-fi, about testing deflationary mechanics and dynamic token updates. Not some crazy Vr game. Decision to play - The decision to join Arena will last 24hrs, game will last 3-4 weeks. - If you don’t join, it’s fine and you have your collectable ‘hey I was part of that’ type claim and value. - Every warrior has an equal probability to die or surviving, so if you have a super rare, you may not want to throw it into the arena!

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