Mimir Quiz

Mimir will be an Ethereum ERC20 decentralized governance token deployed on the Polygon network. Through our innovative play-to-earn model, we will reward our users with Mimir Tokens simply by playing our different quiz modes.

The Mimir Quiz app will be the first cryptocurrency-powered game show app and represents the next evolution in quiz participation. Using live video streaming, we will build a social community where users from all over the world can not only win big prizes, but also test their knowledge on a variety of topics. The Mimir Quiz is a fun, rewarding, occasionally unpredictable shared experience with crypto-rewards. The Mimir app and token can be connected with a shared wallet and has a strong focus on user availability.

THE MIMIR TOKEN

The Mimir Token is an essential part of the company’s gaming ecosystem and through innovative methods we keep the tokens continuously recycled within the gaming community. Mimir is also a decentralized governance token and can be used to vote on what the company should do next in terms of new games, software functions, or business strategy.

Mimir is a token launched on the Ethereum blockchain but using Polygon (Matic) as a layer-2 solution for scalability, cross chain capability and gas fee reasons. With our innovative solutions for letting users freely earn tokens with real monetary value we can transform the way intelligence and skillful gaming is rewarded.

MIMIR WALLET

A user-friendly wallet is a key functionality necessary to enable a digital community to start using a new digital token. Mimir will incorporate metamask wallets seamlessly for each new user account signing up on our quiz game app. The user interface will enable the most frequent wallet operations as a first stage but functions will be kept to a minimum in order to facilitate a frictionless experience for all users.

DECENTRALIZED
GOVERNANCE MODEL

By utilizing a collection of smart contracts the Mimir token will give governance rights to holders. There will be one master ‘admin’ contract which has full control of the protocol contracts used for deploying votable information. The admin contract has full access to everything in this DAO model and can change parameters or even the contracts themselves.

Since the admin contract has full access and can even change the other contracts – upgrades on the governance mechanism itself can be done. Our DAO models in other words makes it possible to make changes so deep as to even rewrite the rules of the governance model itself. A newly created voting proposal follows a simple life-cycle of being created, being voted on and then after a 2-day delay it will execute its contract code.

TECHNICAL ARCHITECTURE

Polygon is a company founded by some core Ethereum developers who wanted to create a solution for smart contract developers to build on the Ethereum blockchain even though its recent popularity has made the networks gas fees and token transaction speeds not up to par for the demands that most DAPP solutions require. Mimir will offer a friction-less cryptocurrency solution for new users to the technology and will therefore use Polygon’s second layer plasma solution for a smooth crypto experience.

The Polygon project works by creating and maintaining an exact copy of the Ethereum blockchain, which is where the Mimir Token is originally created and ultimately hosted. The copied chain is referred to as a “child chain” and keeps itself updated to the ETH chain by having validator nodes periodically taking and submitting snapshots of the child chain’s current state to keep both chains synchronized.

Local usage of a token can be executed on a child chain where the network rules are different from the main ETH network, giving up to 10,000x cheaper gas fees and 500x faster transactions.