Revolutionizing Gaming Economics: A Deep Dive into BIGA's Play-to-Earn Model and Web3 Integration

Paul Mak, the Founder of BIGA, delves into the project's groundbreaking play-to-earn gaming model, leveraging Web3 technologies to empower gamers to earn income while playing, and its innovative approach to integrating DeFi principles for a sustainable gaming experience.

P: BIGA has built a genuine world’s first solution with huge implications for gaming. We’ve turned levels in games into assets you can own. Players pay to play fun games like any traditional arcade - if you lose, you lose your money, just like any other arcade but the key difference is if you win or get the best score on one of the levels, you become the level owner. Now everyone in the arcade pays you instead of the arcade. YOu now continue earning until someone else captures that level off you! It is a brand new worlds first commercially scalable Play to earn gaming model and it's going to change gaming forever!

P: Through a sophisticated incentive model, BIGA has made it so gamers can now earn simply by playing fun, challenging and highly addictive video games. The cardinal innovation is a novel smart contract implementation named LOLIPOOLS, an acronym standing for Level Owned Liquidity Pools.

If the player gets the best score on one of the levels, the smart contract acknowledges their wallet as the new level owner. Now all the revenues from other players paying to play are automatically sent to the wallet of the new level owner.

Furthermore, to ensure full liquidity and game stability, BIGA has implemented a world's first hyper deflationary isolated token cashier. If you want to play for free and fun you can do so simply by logging in with your email. But if you want to earn, then you have to use the native BIGA tokens. You can only acquire BIGA tokens for arcade use via this cashier system. It works to fix the pricing within the arcade to protect the game economy while also acting as a non custodial liquidity pool similar to a uniswap LP. This ensures the arcade is 100% liquid at all times so gamers can cash in and cash out in liquid capital no matter what!

P: Minigames are big business with websites like Miniclip drawing over 100 million users each month. 10 of the top 30 most used apps are simple minigames as well so it's just good business. But BIGA isn't a minigame, only an arcade. We already have an RTS, FPS and an MMO currently under production. Starting at minigames was tactical as it enabled us to test our assumptions and refine our earning models rapidly across a myriad of different game mechanics without risking years and millions of dollars on a single big hit. Now we are a multi-hit studio that has tested and tested with hundreds of games coming out this next year over a range of different sizes and genres and any single one could be the hit that makes BIGA a BIG success. We release several new games monthly, spreading our risks and increasing our chances of success. This approach allows us to cater to a mass audience, mitigate much of the risk a single title has but also it ensures that a mass audience can earn. One of the main problems with a single title in the P2E genre is like all esports: if it's a single game with the same skill sets, then the same elite teams will capture the majority of the money from that game, just like in tournaments. It doesn't work, it doesn't scale unless you have a carefully crafted economic model.

P: LOLIPOOLS stands for Level Owned Liquidity Pools. It is a novel incentive system that allows gamers to earn money by playing video games. Inspired by Uniswap’s liquidity pool model where users earn fees by providing capital, LOLIPOOLS adapts this concept to the gaming world.

With BIGA, rather than earning from trade fees, gamers compete on their own levels. When a gamer beats a level, they effectively "own" that level's liquidity pool through a smart contract that recognizes their wallet. This ownership allows them to collect all revenue generated from other players who pay to attempt that level. This not only motivates players to participate but also introduces a new way to monetize gameplay, fundamentally shifting game design and player engagement. Essentially, it turns each game level into a revenue-generating asset for its top players. Contrary to all other P2E models, this is infinitely scalable and commercially sustainable.

P: The BIGA token is the essential currency of the BIGA arcade platform. Players use these tokens to access and play games. They also earn BIGA tokens for owning levels successfully. When they want to cash out they can easily and always convert their winnings back to USDT via the BIGA Cashier. Through the cashier, the BIGA token is fixed at 0.10c per unit, mechanically enforced by the cashier. This protects the game economy from any price fluctuation in the secondary market, while also ensuring the arcade has full liquidity at all times without any central party holding users' funds. This system not only allows global access, removing financial barriers for players based anywhere in the world, but also offers additional engagement opportunities such as staking, governance, and the ability to launch new games. It acts this way in the arcade while also free floating as a speculative asset in the secondary market. In essence the cashier acts as a reseller of the BIGA tokens. It must always have inventory for gamers wanting to play in the arcade. To ensure reserves are abundant to accommodate players, the cashier will autonomously purchase tokens off the secondary market at market rate and will continue to do so until the market rate reaches price equilibrium with the cashier fixed rate of 0.10c per BIGA. This is a world's first hyper deflationary token with a mechanically enforced and inevitable price target of 0.10c.

P: Our strategic partnerships with the likes of Gemini and SphereOne will give us the ability to offer both On/Off ramp fiat solutions, on popular and trusted merchants such as Stripe, Apple Pay & Paypal.

P: Affiliates are provided their own unique link which tracks users performance and monetary flows. For every $1 brought in by their audience and spent in the arcade, the affiliate receives 10%.

P: Essentially we’ve completely restructured the incentive mechanism for P2E gaming models. P2E models generally operate strictly on a token emission model, artificially creating value by minting tokens with no underlying value. We have a body of empirical data proving this simply doesn’t work. BIGA arcade blends DeFi with gaming to create a new asset that has its own value denominated in USDT sitting in its own liquidity pool. We’ve turned levels in games into assets that people can own. Once owned they generate the owner BIGA tokens which are directly convertible into USDT via the cashier. This setup protects players from the inflation and volatility often seen in other Web3 games and keeps the game fair and rewarding. By maintaining a fully liquid and stable token economy, we make sure our platform stays enjoyable and viable long-term. This innovative approach sets us apart in the Web3 space, offering a genuinely sustainable gaming experience.

P: In the BIGA arcade, the BIGA token is essentially the currency of our platform. It is the money you use to play games but it acts as an LP token enabling the bearer to swap for USDT when they wish to cashout from the arcade. You can get these tokens in two main ways: buy them to start playing, or earn more by owning game levels. When you beat a level, you take over its "liquidity pool," meaning you earn tokens every time someone else plays that level. This setup lets you easily get more tokens to keep playing or cash out whenever you want, all without worrying about price changes or needing a middleman.

P: Provided gaming is predominantly skill based then it isn’t subject to gambling standards. Gaming has always had in game credits that users can own which also is not seen as a type of security or investment. Furthermore our cashier is non custodial, we don’t hold user funds at all so we are not subject to registering as an exchange or a bank. But we see this landscape changing as the market matures and grows. The more capital that enters web3 gaming the more attention regulators will give us. We are firm DeFi proponents and have built architecture that ensures we are fluid and agile to adapt to the changing regulatory framework and our legal contractors ensure we are always present with current standards.