INTRODUCTION
Millions of video game players watch but don't participate in eSports events, competitions, and tournaments online making it one of the fastest growing entertainment sectors in the world1. To take advantage of the booming eSports market, Moxy is developing a blockchain-enabled software platform that will provide players of all skill levels access to their favorite games in a competitive eSports setting, where they can earn real money for their efforts.
Moxy claims to be the first and only eSports gaming platform to solve this gap in the industry. There are primarily two components needed for this to occur:
First, developers need access to a simple web3-free tech stack that allows them to add eSport game types to their games.
Second, there has to be a way for the eSport-ready players to get their hands on the game's eSport-enabled build. Nowhere. There is currently no eSports platform accessible to the general public.
You can get both of these features and more via the Moxy Platform. The Moxy Platform uses blockchain technology to provide a trustworthy Global eSport Token, MOXY, which allows instantaneous transactions and safeguards players and publishers against fraud, hacking, and other forms of cybercrime. The Moxy Platform is well-positioned to pioneer this emerging subgenre of video games, as seen by its rapidly expanding user base, novel approaches to game integration, and almost limitless competitive game types offering real prizes in actual games.
THE ECOSYSTEM OF MOXY
Making a platform for esports requires more than just adding a competitive mode to a game. The Moxy Ecosystem is comprised of numerous interdependent parts, such as:
Player Verification for eSports - For legal and safety reasons, players need to be "eSport ready" before they can take part in "Real Competition." A verification process is obligatory for all Moxy Club users.
MOXY - The Global eSports Token, a universal medium of exchange for competitive video gaming.
Moxy's Admin Dashboard - Members, statistics, collectibles and games that members want to be funded and published are all managed here.
The Moxy Club - Moxy Club provides eSport-ready players, the game marketplace, and the game launcher, centralizes all transactions from all games, lets players purchase and administer MOXY, and simplifies governance through voting.
Forge Moxy - This is the primary set of APIs that facilitates communication between games and allows for the creation of eSports.
Founded on Moxy - As a developer, you'll have access to Foundry. To get their games into the Forge, developers must first publish them to Foundry and receive an API key.
Rewarding Moxy Governance - The development of the Moxy Platform relies on the votes cast by Moxy Club members. Members of the Moxy Club who are actively participating and meeting their responsibilities will earn MOXY.
Platform for Moxy- Economy based on the MOXY token and the Flow network. The Moxy Platform is a token economy developed from the ground up, complete with patented smart contracts and an offline signature system written in Cadence.
Token of Play - Secure token balance that no one can hold. As the player base increases, the Moxy Ecosystem converts PLAY tokens into fresh MOXY.
Token SCORE- Players receive these rewards for their participation in the system. Used as a tracking and distribution system for daily MOXY-eligible prizes.
KEY POINTS OF THE MOXY PLATFORM
The following claims are assumed to be correct and empirically verifiable:
• Global eSports can't happen without MOXY, the Global eSport Token.
• There will soon be a fourth subgenre of video games, and it's competitive online play known as eSports. There are now three types of gaming devices on the market: consoles, computers, and smartphones.
• Only blockchain technology offers any hope of ensuring the safety of esports games played in front of an international audience.
• The continued interest in video games depends on the inclusion of eSports game types where players may compete for cash prizes.
PROOF OF PLAYTM, PLAY SCORE, PLATFORM ENGAGEMENT REWARDS SYSTEM
There are three components of the Moxy Ecosystem that must be in sync for the "Proof of Play" incentive system to be implemented. There are three main components: the PLAY token, the SCORE token, and Proof of PlayTM events.
First is the PLAY token. A system must provide daily prizes for Moxy Club members' involvement. That mechanism is PLAY token. It's a worldwide balance that all Moxy Club members can see and generates a daily variable payout to qualified members. As Moxy Club membership grows, so will distribution. No one can own or sell PLAY tokens. PLAY token holders create MOXY, which must be delivered to Moxy Club members because the PLAY token wallet cannot retain it.
Moxy Club members only earn SCORE tokens. SCORE tokens are untradeable. SCORE is acquired through playing games, voting, participating in eSport events, buying games, and more. These behaviors receive different SCORE. Daily incentives increase with SCORE. This rewards active Club members most.
TECHNOLOGY OF MOXY
The Moxy Platform was developed with the Flow Ecosystem in mind. By partnering with Dapper Labs, Moxy is able to take use of the robust and resilient Flow ecosystem. The Moxy Platform could only accept Flow since it fulfilled all of the necessary criteria. The Moxy Platform is based on Flow because of its extensive technology stack, token mechanisms, pre-existing stablecoin and collectibles ecosystem, smart contract architecture, developer tools, and customer support.
Token Flow: The Moxy Foundation keeps MOXY reserves and will sell new MOXY to Moxy Club members based on events and milestones. The inaugural public sale distributes MOXY to the first Moxy Club members who want to play eSports. MOXY will be introduced if new games increase membership demand. For new Moxy Club members to play eSport game types, the Moxy Foundation will assign tokens from the appropriate internal wallet to the "Sale" wallet.
Token Flow Synopsis: The Moxy Club's "hot" wallet is the Moxy Foundation's sale wallet. This wallet accepts credit cards and USDC for MOXY purchases. Moxy Club members may always check the Sale wallet balance and MOXY pricing. Moxy Foundation funds the Sale wallet. The Moxy Foundation may transfer one million MOXY from the Treasury to the Sale wallet. In conclusion, the Moxy Foundation will distribute MOXY and move it from internal cold wallets to public "Sale" wallets.
Token Lifecycle: A Moxy Club member often purchases MOXY through the Sale wallet. Next, the user must deposit MOXY for eSport gaming into their wallet's "Authorized Gaming Balance." The Authorized Gaming Balance's MOXY can be used in any Moxy-enabled game. When the user opens a game, a specific amount of this balance will be shown in the game and utilized, at the player's discretion, when they engage an eSport game mode.
eSport User Flow: Moxy Club membership is required. They must submit KYC paperwork after logging in. The user will automatically receive a wallet after verification. The wallet will pay membership fees. The first MOXY placed to the wallet will cover the Association membership fee. If the membership criterion is 5 MOXY, the member's wallet will redirect the initial 5 MOXY to the Moxy Foundation treasury wallet. One transaction or several transactions.
TOKENOMICS
For more information visit:
WEBSITE: https://moxy.io/
WHITEPAPER: https://moxy.io/whitepaper/
TWITTER: https://twitter.com/moxyio
TELEGRAM: http://t.me/moxyofficial
INSTAGRAM: https://www.instagram.com/moxy.io/
LINKEDIN: https://www.linkedin.com/company/Moxyio/
DISCORD: http://discord.gg/moxyio
AUTHOR
Bitcointalk Username: oprahwindfury
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=207045
BSC Wallet Address: 0xdE865D50CF631FEB7176D31AEc8Da115d05Bea7b