2. ElfStory
ElfStory
One
Elf story
一. Overview of ElfStory
Elf story is a Dapp deployed on the BSC chain, which is easy to operate,
highly interesting, fully decentralized and profitable. A game to Earn game
that earns money by feeding elves in the real world in exchange for game
tokens. With the concept of "enjoying games and earning profits", more
users are encouraged to integrate into the ecological scene of "Cosmic
Spirit".
ElfStory is the world's top metaverse game distribution platform jointly
developed by ElfStory Holdings Limited and Dixon (a16z's partner, the
ultimate DeFi VC. The projects supported by the team include Celo,
OpenSea, Compound, etc.). ElfStory is geographically headquartered in the
United States. The technical headquarters is located in Silicon Valley. At
present, there are more than 300 elite technology application teams, which
are composed of world-class cryptographers, engineers, game architects
and entrepreneurs. It is a completely remote team. The team members
come from all over the world, not just a few countries.
ElfStory has received investment from top institutions including a16z,
Coinbase Ventures, MetaStable, Polychain Capital, Jump Capital, HashKey
Capital, Fenbushi Capital, Vinhome, Novaland, etc., with a luxurious lineup
of investment institutions. ElfStory has also received investment from
first-tier institutions such as Paradigm and Multicoin. Excellent investment
institutions tend to pay more attention to long-term value. Most of these
organizations bring their own IP traffic, which is very beneficial to ElfStory's
active expansion of the future market.
3. ElfStory
ElfStory
Two
二. Issues solved by ElfStory
Elf story is a traffic aggregation consensus collaboration system integrating
DeFi + NFT + GameFi + SocialFi + DAO. By aggregating different participants
such as users, communities, media, and institutions, it creates a DAO elf
community to jointly promote the development of Web3.0.
The iterative innovation of gameplay in the Web3.0 world is changing with
each passing day. New tracks such as GameFi, NFT, DAO, and SocialFi are
constantly bred with new projects, but there are only a few thousand
projects, and many projects have become the hunting ground of
speculators, regardless of the specific encryption. For the feasibility of the
project landing, there are a series of problems in the design stage of the
economic model:
1. The economic model involves only single subject
Economic models often only define the governance rights and interests of
ordinary users, and third-party media, communities, and institutions are
not included in the decentralized economic governance system, and only
provide purchase services. For third-party media, community KOLs, and
institutions, there is no opportunity to share the long-term value growth
benefits of encrypted projects; for encrypted projects, there is a lack of
internal-driven blessings from third-party resources, resulting in ecological
development being affected. limit. Every successful encryption project is
inseparable from the support of the community, media and institutions.
2. User earning model is simplex
The world is prosperous, and all are for the benefit; the world is vast, and
all is for the benefit. This is understandable. However, many encrypted
projects have a single mode of making money, attracting users only through
the wealth-making effect and secondary market price imagination, and
eventually become a gathering place for speculators. Driving users ’
spontaneous contributions is the basis for the value precipitation and
4. ElfStory
ElfStory
Three
long-term development of encrypted projects. It cannot provide users with
rich ways to make money. Without value creation, all beautiful imaginations
will only be castles in the air.
3. Failure to realize the closed loop of value
The closed loop of value is the foundation of sustainable ecological
development. The development of many encrypted projects either relies on
external resources or relies on mandatory consensus. In the end, once the
market is turbulent, the early consensus people will be scattered like birds
and beasts, and they will be left in pieces. The fundamental reason is that
the value closed loop has not been formed. The issuance speed of the
token is far faster than the value-added speed. The token depreciates, and
the real value creator fails to obtain the corresponding incentives, forming a
market pattern in which speculators drive out believers.
三. Elf story economic model
Elf story strives to establish an encrypted economic model with benign
interaction and long-term growth, trying to solve the current dilemma of
the encrypted economy, so that different participants of the encrypted
economy can contribute and gain through Elf story.
1. Genie DAO Governance Platform
With a fully decentralized DAO governance voting platform developed
based on smart contracts, major community DAO organizations can initiate
proposals on the platform and hold votes by all members. Auditing,
ensuring code security without loopholes, will build the DAO governance
platform with the largest number of users in the world.
2. NFTs to link different entities
Participant value represents sustainability, and only by providing visible
benefits can it be possible to aggregate resources from all parties.
5. ElfStory
ElfStory
Four
In order to take into account the interests of all parties involved in the
encrypted economy and based on the characteristics of the participants, Elf
story has designed four types of NFTs: ordinary NFTs, KOL NFTs, media NFTs,
and institutional NFTs to give full play to the professional or resource
advantages of all participants. Different types of NFTs have different
exclusive rights:
Ⅰ. User NFT has the rights to participate in GameFi and receive tasks;
Ⅱ . KOL NFT strengthens KOL leadership by providing community
management rights;
Ⅲ . Media NFT can accurately provide information services to users or
institutions;
Ⅳ. Institutional NFTs can customize tasks and deliver benefits.
Although different NFT holders have different divisions of labor, they are a
community of interests. In order to realize the mutual assistance and
cooperation of different roles, Elf story is developing a set of data sharing
protocol interfaces based on Web3.0 technology to realize the data
exchange between the platform and the industry's top media and
institutions, so that different NFT holders can seamlessly graft to KOL, The
media and institutional resources jointly promote the overall value of Elf
story.
Elf story provides a new participation posture for different participants in
the crypto economy, provides an option for KOLs to enhance their influence
and precipitate community value; provides media with a path for brand
building and content monetization; It is a reliable task implementation
solution, and with the help of many parties, Elf story has the potential to
become a top Web3.0 traffic aggregation platform.
3. Multiple user benefit model
Gold rush is the original driving force of the crypto world, and the wealth
effect has a huge impetus to the development of the crypto economy. The
wealth effect of many encrypted projects has a parabolic development
trend. The fundamental reason is that users have a single profit model and
6. ElfStory
ElfStory
Five
can only make money through the secondary market. The participants in
such projects are not only speculators, but also speculators. The profit
model is not simply used to attract users, but to attract accurate and
high-value users, and continuously improve the quality of users to realize
the overall value-added basis of the project. Therefore, the Elf story profit
model provides users with a multi-channel profit model, so that each user
can fully Play your own value.
The profit model of Elf story:
Ⅰ. Users can realize P2E (Play to Earn) by adopting the GameFi method of
elves;
Ⅱ. Users can achieve M2E (Mission to Earn) by doing tasks according to
their personal expertise;
Ⅲ. Users can achieve S2E (Share to Earn) through the promotion of sharing
fission;
Ⅳ. Users can continue to learn on the platform to achieve L2E (Learn to
Earn)
Ⅴ. The expansion of sub-ecologies such as the Elf PVP module will further
enhance the value of NFT, and user NFT supports transfer and transaction;
Ⅵ. Holding NFTs can obtain the right of income, dividends and airdrops of
Elf story DAO fund investment incubation;
Ⅶ. By holding NFT, you can get timely and accurate market information,
whitelist privileges and airdrop benefits for potential crypto projects.
Ⅷ. The ultimate prize: When all users subscribe for NFT, the smart contract
will automatically withdraw 5U into the treasury. When the subscription of
NFT reaches the specified amount within the specified time, the treasury
bonus will be awarded by the highest-level KOL NFT holders and the last
subscription elf NFT holders (The number of people is subject to the actual
announcement), and all will be distributed jointly according to the
regulations; otherwise, if the specified number of subscriptions is not
reached within the specified time, all the treasury bonuses will be
exclusively owned by the last subscribed Elf NFT holder.
The profit model of Elf story provides users with a clear contribution path
7. ElfStory
ElfStory
Six
and revenue model, and long-term followers and believers of Elf story have
the opportunity to obtain the greatest benefits. The design of Elf story elves
cultivation-like GameFi lays a solid value foundation for ecological
development. The realization of benefits requires effort and time, which
can reduce the speculative sentiment in the market and make Elf story
identities and supporters become the mainstream of the market.
4. Value closed-loop system
The core of the value closed-loop is the relative balance between the
output and demand of Token. Indiscriminate issuance of Token or
insufficient demand will cause excess liquidity, and the plummeting market
price will affect the confidence of users. In the real economy, consumption
is the fundamental driving force for economic growth; in the encrypted
world, demand is the driving force for continuous value growth. How is the
Elf story value closed-loop system constructed?
四. Elf story governance token ESY
Elf story ecology uses ESY as the governance token, with a total circulation
of 1 billion pieces, and adopts a deflation model with high consumption and
periodic destruction. ESY is output through NFT, and the output rate
gradually decreases; the higher the level of NFT, the higher the output rate.
ESY token distribution:
◉ Core team: 1%, locked for half a year, linearly released monthly in 48
stages.
◉ Ecological construction: 1%, 10% in the initial stage, 90% in 48 stages of
linear monthly release after three months.
◉ Technical update and maintenance: 1%, 10% in the initial release, 90%
in 18 stages of linear release every month after three months.
◉ Operation: 1%, 10% in the initial stage, 90% in 18 stages of linear
monthly release after three months.
8. ElfStory
ElfStory
Seven
◉ Liquidity maintenance: 1%, which will be used for Pancake and other
DEXs for LP funds.
◉ Game output: 95%, stop output when all tokens are released.
All kinds of activities carried out in the ecosystem will use the ESY token as
the main bargaining chip, and it is also the main ticket to enter each game
ecosystem, and some mechanism adjustments and matters resolutions in
the ecosystem will be voted by community users who hold ESY. In addition,
players' P2E in the ecosystem may also be presented in the form of ESY.
ESY will adhere to the ultimate deflationary mechanism in the ecosystem.
Whether it is in-game consumption or game mechanism destruction, it is
the destruction scene of ESY, and the community will regularly use the
profits in the ecosystem to destroy ESY. ESY is a mechanism empowerment
carrier within the ecosystem, which further squeezes out the bubbles
generated by the game through continuous destruction.
Compared with the money printing mode of centralized institutions, Elf
story limits the output method of Token through smart contracts and
discloses the source code, which can better reflect the principle of fairness
in the initial distribution. After being produced according to the mining
mechanism, Tokens are circulated in the market and redistributed
spontaneously according to the principle of efficiency.
Whether it is holding coins or dealing with consumption and output
relationships, Elf stories are designed just right. Its 100% destruction
mechanism, consumption mechanism, and even the value of empowering
tokens, suppress possible price inflation, and allow ESY to continue to
develop towards extreme deflation, thus allowing Elf story to form a
complete closed loop of the token ecological economic model.
If you hold ESY earlier, you will get greater benefits in the future.
9. ElfStory
ElfStory
Eight
ESY demand scenarios are in rich:
Ⅰ. The upgrade process of Elf NFT development, ESY is required for Elf NFT
feeding and exploration tasks;
Ⅱ. The precise delivery of information by the media requires consumption
of ESY;
Ⅲ. Organizations need to consume ESY for custom tasks, release tasks, and
welfare distribution;
Ⅳ. Users will need to consume ESY to purchase Elf NFT in the future;
Ⅴ. KOLs need to consume ESY to upgrade their farms;
Ⅵ. The expansion of the sub-ecology needs to consume ESY;
VII. The use of tools such as data interface sharing requires pledge and
consumption of ESY;
VIII. In the future, the exclusive space of the Metaverse Spirit needs to
consume ESY.
Elf story economic model diagram:
10. ElfStory
ElfStory
Nine
Abundant application scenarios and a deflationary model of regular
destruction have built ESY's value closed-loop system. The closed loop of
value is the basis for reducing market risks. As more and more media,
institutions, and KOLs are aggregated, new gameplay and sub-ecologies will
also have the soil to be implemented. With the support of strong resources,
the consensus will continue to expand, and the ecological value is expected
to be realized geometrically. fission growth.
五. Highlights of Elf story mechanism
1. The benefits of holding NFT (KOL) are as follows:
Ⅰ. You can enjoy the daily dividends of static tokens;
Ⅱ. You can enjoy the dynamic income of all the elf mining income under
the net body umbrella;
Ⅲ. You can enjoy 10% of the income of the next two generations of equal
rewards;
Ⅳ. You can enjoy 80% of the dividends from the treasury;
Ⅴ. You can enjoy the OTC premium (Note: KOL NFT is limited to a total of
2,000 copies);
Ⅵ . You can enjoy the whitelist priority of any high-quality NFT on the
official website;
Ⅶ. You can enjoy the governance and voting rights of the Elf story DAO
autonomous community;
VIII. You can enjoy the highest usage rights in the future metaverse.
Ⅸ. You can enjoy the rights and interests of the fairy story physical space
(elf island).
2. The benefits of holding elf (NFT):
Ⅰ. You can enjoy long-term daily static ESY output;
Ⅱ. You can enjoy self-produced upgrade to NFT (KOL) level and enjoy the
total income of NFT;
Ⅲ. You can enjoy the joy of feeding and traveling every day;
11. ElfStory
ElfStory
Ten
Ⅳ. You can have the opportunity to enjoy the bonus dividends from the
treasury, which may be tens or even tens of thousands of times the original
value of the NFT;
Ⅴ. You can enjoy the premium of over-the-counter transactions;
Ⅵ. You can enjoy the tickets to participate in the future metaverse.
六. Elf story development route
◉The third quarter of 2022: DAPP V1.0 Beta was launched, KOLs, media,
and institutions began to settle in, and ESY launched Pancake trading.
◉ The fourth quarter of 2022: DAPP V1.2 will be launched soon, covering
more than 100,000 people in the guild community and introducing 100
cooperative media and institutions.
◉ The first quarter of 2023: Launch the user data sharing protocol
interface to realize third-party access to API interfaces and data plug-ins.
◉ Q2 2023: DAPP V2.0 version will be launched, and decentralized
applications such as game PVP, chat function, video function, etc. will be
launched.
◉The third quarter of 2023: The exclusive space of Elf story Metaverse Elf
will be opened.
◉The fourth quarter of 2023: The physical space of Elf story Spirit Island
will be created.
◉The first quarter of 2024: Elf story builds elf social networking, elf NFT
trading center, and elf travel based on the metaverse (travel around the
world without leaving home).
七. The future vision of Elf story
Elf story represents the development vision of the decentralized
organization. Through the establishment of the Elf-style consensus
collaborative organization, Elf story provides a new resource organization
12. ElfStory
ElfStory
Eleven
method and a new value-added path for users, KOLs, media, and
institutions.
The development potential of encrypted projects lies in their ability to
aggregate resources. The encryption market wealth password lies in the
vision of discovering potential projects according to the situation. Elf story
has a clear path in terms of resource aggregation, profit model, and value
appreciation!
GameFi is still in a stage of vigorous development, and the utility of game
resources will gradually evolve from two directions, namely the direction of
playability and the direction of financial attributes, both of which have
great space and possibilities for exploration.
The countless categories of video games derived from the development of
the game are enough to take into account a variety of players, and finally
achieve a balance between fun and income. Therefore, the GameFi field
has more possibilities and opportunities to break the circle than ordinary
capital flow projects.
Let us look forward to more sparks from Elf story colliding with Web3 in the
form of "GameFi 3.0"!
attachment1:
Created physical space by elf story (elf island)
ElfStory Island was developed by ElfStory Holdings Limited to create a home
for crypto professionals and enthusiasts, with the goal of becoming a world
crypto center combining virtual and reality.
We plan to build entire physical spaces through modular development, such
as tent homestays. Modularity is the future of urban construction, and they
13. ElfStory
ElfStory
Twelve
will be completed in just a few months, not decades.
◉ Built for the crypto community
Spirit Island will become the center of the world's cryptocurrency
impressions, aiming to bring together tens of thousands of crypto
professionals and enthusiasts around the world. We may place buildings of
the same design concept in different cities.
Living on Elf Island will be a one-of-a-kind experience, offering the crypto
community a new way of living, living and working with like-minded people
in a place designed specifically for the industry we love.
We will regularly hold blockchain events around the world, mainly from
Southeast Asia in the early stage, and invite all members to join the offline
community together.
Although we will be deployed in different countries, Elf Island will
achieve independent operation to a certain extent. Through our
cooperation with early players and local governments, we will help other
industries that join the community to achieve the goal of embracing
blockchain technology. .
For those early investors, project operators and ecological builders, Fairy
Island does not tax company or individual profits, dividends or income.
There is no capital gains tax, no withholding tax, and no estate tax.
◉ The security of NFT on Elf Island
"Beneficiary" is the first advanced NFT security feature. The purpose of this
function is to determine the rights and interests of the property owner, but
does not require any third-party authorized transfer. The beneficiary applies
to all users who own the NFT of Spirit Island, and the holder needs to call a
function in the smart contract through the wallet to confirm the right.
Without setting a beneficiary, NFTs will accept a 12-month decentralized
redemption period, where previous owners can get their NFTs back in the
14. ElfStory
ElfStory
Thirteen
event of an error. Once invalidated, nft will be in charge of the DAO
controlled by the Elf Island community.
Another NFT security feature is the "trustee". It allows holders to nominate
up to three addresses as co-signers, protecting users from unauthorized
transactions. When in use, this optional security measure means that even
if the holder's wallet is stolen, and all other tokens and NFTs are stolen,
their Elf Island NFTs will be safe.
◉ NFT property
Elf story takes the next step in the development of NFTs by introducing a
method of transforming digital ownership into physical ownership. Anyone
can own a portion of the Elf Island by acquiring NFTs, which can be bought
and sold at will without any of the complications associated with traditional
real estate transfers.
Each piece of land or physical asset package is divided into 10 non-patent
land use rights, and these non-patent land use rights can be converted into
NFPT (Non-fungible property token), so that the holder enjoys the same
rights and interests as the actual land, which is the same as traditional land
use rights. Owning a NFPT offers many benefits, such as traceability,
transferability, and tradability, compared to land titles.
◉ Spirit Island Citizen NFTs
Elf Island Citizen is the ultimate NFT for anyone aspiring. It provides holders
with exclusive benefits, including the right to live and work on the island,
early access to project airdrops, exclusive NFTs, and more.
◉ What is Spirit Island Citizen NFT?
Spirit Island Citizenship is the ultimate NFT for any forward-thinking Spirit
Island resident and will provide holders with the following rights and
15. ElfStory
ElfStory
Fourteen
benefits:
◉ How many aboriginal NFTs will be launched on Elf Island?
Only 21,000 Spirit Island Citizen NFTs will be created. The first phase of
Citizen NFTs will be distributed to early investors and supporters of our Elf
Story project through airdrops, and the latter part will be publicly sold on
the trading platform.
◉ What can you do with Spirit Island Citizen NFT?
We will demonstrate the value, honor and opportunity of Citizen NFT from
two aspects:
1. Honor:
Becoming a Citizen of Elf Island will make you a member of an exclusive
group within the Elf Story Community. If you plan to be involved in the
project for a long time,
You will obtain exclusive rights and interests through NFT citizenship,
including but not limited to: early airdrops for other projects in the
ecosystem, free experience services in the global physical space of Spirit
Island, dividends from physical operating income, whitelist status for
physical real estate NFT sales, etc. Exclusive discounts on Metaverse
ecological assets, etc., will greatly enhance your experience in Elf Island and
Elf Stories.
2. Opportunities:
If the benefits of citizenship don’t excite you, citizenship rights belong to
and only be owned by those who own the wallet’s private key. With the
extension of the project ecosystem, native NFTs are bound to become more
and more valuable, so you can use NFTs Marketplace to sell your citizenship
rights to those who deem citizens of Elf Isle valuable.
16. ElfStory
ElfStory
Fifteen
◉ Exclusive benefits for Elf Island citizens:
Ⅰ. Addresses holding citizenship NFTs will be automatically whitelisted in
order to obtain candy and airdrops for all subsequent fairy tale ecological
projects as soon as possible.
Ⅱ. The owner of NFT with Citizenship of Elf Island will be the first batch of
people to enter the physical Elf Island (we may start the construction of Elf
Island from modular buildings and tents)
Ⅲ . In accordance with the appeal of NFT security, assist NFT citizens to
establish a series of measures to protect NFT security, realize inheritance,
transfer and protection through smart contracts, and avoid any
unauthorized transactions.
IV. Those holding Citizen NFTs will be able to vote on the policies governing
the island. Each wallet can only hold one citizenship and that NFT will be
considered one vote.
V. Citizenship offers holders the opportunity to stay longer term at a lower
price that would not be available to short term visitors. Citizenship holders
are also given priority for jobs in the operation of the Spirit Island project.
VI. Entrepreneurs who hold NFT citizenship can conduct or organize related
activities on the island.
VII. In the later stage, NFT land or homestay will be launched on Elf Island.
Anyone can buy it on the open market, but if you want to build a house of
your own architectural style on this land, you need to hold Elf Island
citizenship.
