coming? I guess so, I hope so. Hello, Aster Network, Italy, from Italy.
By the way, OA's price is going up. Yeah, we had a big announcement. I think it's the reaction from the market. Yeah, I saw it.
Should we wait for a little bit more? We can start. I don't know. It's up to you. I'm free.
Right. Maybe we could start. What does this sound?
While you guys are listening, I would appreciate if you guys could also share and spread the world that, you know, we have an AMA with awesome chain Colosseum team and Oasis.
I would appreciate everyone's collaboration.
So maybe I guess we could kick off. I am today's host, Dominic. Thank you for joining today. As I said, I'm Dominic, head of BDA at Oasis.
So today we have special guest, Kaz from Chain Colosseum, which is one of the most expected gains that we'll be releasing in the first half of 2024 on Oasis.
So you might already know that they recently closed a super successful NFT sale. Congratulations again. It sold out 2.4 million in total dollars and attracted blockchain game users all over the world with its unique game friendly system.
So the main focus of today's AMA will be, as you may know, a chain Colosseum and five lucky participants will have the opportunity to receive an airdrop of the beta summoners book.
The selected winners will be announced in the same thread as the AMA's link and the chain Colosseum team will direct message DMU if you are eligible.
So before diving into this, let me briefly share about the recent updates from Oasis.
Actually, we have achieved our all time high today, so we'll be excited to hear about this.
So, what's wrong with this?
So, recently, Oasis has been, you know,
something's wrong. One second. I'm very sorry.
Okay, so let me let me briefly tell you about Oasis Dragon. So, we have recently announced Oasis Dragon updates.
And about that, Oasis mission is to provide infrastructure for a safe, easy, and fun blockchain gaming experience for gamers and game developers everywhere in the world.
To achieve this, we have defined our new vision for 2024 and named it Oasis Dragon updates.
The three pillars of the Oasis Dragon updates consist of interoperability, ecosystem, and killer contents.
So, in order to achieve this, everything we are doing is in line with this, you know, big direction of our strategies.
Regarding our short-term roadmap, we are focusing on maximizing our presence in the East Asian markets, namely Korean, Chinese markets, this quarter.
For the Korean market, we are communicating with Korean gaming giants and infrastructure companies every day, almost every day.
And as the first piece of it, today we've announced a great milestone with Come to Us.
It is fully, truly, truly fascinating as they will create their own explovers on Oasis and bring their mega IPs, like Summoners who are Chronicle and The Walking Dead, All Stars.
This is just the beginning of our initiatives in Korea. So, please stay tuned. Follow Oasis. Follow me.
I'll be sharing all the updates from Korea as well.
And regarding the Chinese market, which is very important because of many active game users and traders, we've announced a partnership with Pacific Meta, a web3 marketing agency that has a strong network in the China market.
And we've hosted a side event with the Battle of Three Kingdoms team at Taipei Games.
And in the mid to long term, we are working on investigating developing countries like India, Nigeria, Philippines, Indonesia, and so on.
But we think that 2024 will be triggered by the return of the bull market, obviously. You guys are feeling this momentum in the market, I'm pretty sure.
And users in developing countries, they have not been traditionally targeted by web2 game developers, but they are the ones who will be driving the intense blockchain game incentives, P2E so far.
So we truly believe they are, I mean, this part of the world is going to create explosive traction.
However, due to the changes in gamers' appetites as well as the quality of the content, we think the user journey in 2024 will be significantly redefined compared to that of 2021, the previous bull run.
And this is where Oasis believes the opportunity lies upon. So those initiatives all connect to creating killer contents.
In the meantime, we are also focusing on enhancing interoperability and ecosystem as part of 2024 Oasis Dragon Updates.
It's a very brief overview of our latest initiatives. I wanted you guys to pay attention to what we're doing and thinking what.
So maybe we can jump on to, you know, chain-closing team. So Kaz, can you start by introducing yourself?
Sure. Thank you. Thank you for having me today, Eime. So first of all, Happy Lunar New Year.
So, yeah, I think we don't have it in Japan, but most of Asia and the country has it. So I just wanted to say that.
So my name is Kaz in charge of chain-closing Phoenix marketing. So I entered into this crypto world in 2020. I found blockchain technology interesting and it will change the world entirely.
So I am convinced that now is still an early stage and we will see a drastic change within a few years. So it's very exciting to see how people apply to the blockchain technology since the technology itself advances very rapidly.
It's difficult to catch up with these trends, but I'm sure that the gaming will be one of the biggest trends in 2024, especially on Oasis. So I'm very excited to talk about it more. Yeah.
Thank you. Thank you. I also agree that, you know, gaming sector is going to be one of the biggest pillars of growth in the next bull run.
Yeah. And maybe you can start by describing your game system at chain-closing.
Okay, sure. Yeah. So let me talk about the game system about chain-closing Phoenix. So chain-closing Phoenix is a play to earn Japanese blockchain game built on Oasis.
The game system is very simple. The player collect the heroes, that is NFT, and use them for the battle. Then earn a token if they win.
So chain-closing Phoenix provides a game for experience like a Steppen. If you have a play Steppen, you can easily imagine how it looks like and how it works.
The basic battle system is very simple. It's like a rock-paper-scissors strategy. The players can fight with the monster by selecting from three action options, attack, special, or counter instead of rock-paper-scissors.
The main character is hero, which are NFT, and you can make a team with five of them. And you can level up them with tokens to enhance their status. And you can defeat the stronger monsters.
Sometimes you might find a rare monster which gives you a hundred times reward than usual. So you might want to keep your hero stronger enough.
In addition, you have a double up chance after the battle. So you can battle with another monster if you challenge double up, but you lose all the reward if you lose a battle.
Apart from that, we have a variety of systems like a treasure chest, gem system, hero minting system, daily wiki-month recognition, and genetic bonus like a Steppen. It's a very simple game system which I expect.
Thank you. Yeah, but maybe we could talk about some of the pain points you guys have gone through during development. What have been the pain points and how did you guys solve it?
Okay, so I think the pain points is eliminating the traders. So in order to solve this issue, we integrated it. It's called anti-trader field, aka AKAT field.
So anti-trader field is a unique service that eliminates the traders from a game. There is an issue increasingly recognized as a challenge among many Game 5 products.
The problem is that the traders are both who are not interested in playing the game by the token at the very first stage and set it after usual player comes in.
So such action decreased the reward pool, which is intended for the dedicated players. So I think within the play to earn ecosystem, removing these type of traders are crucial to maintain its ecosystem.
In response, we are implementing an original system designed to completely remove the traders.
We will also launch the decentralized exchange based on the balance report on Oasis and liquidity will be made in this DEX.
This DEX provides a unique mechanism that only allows to sell the token you earn within the game. So trader may purchase a token, but they are not able to sell them without playing the game.
So this mechanism ensures that only those who are actively playing and enjoy the game can earn from the reward pool. So I think this is one of the very unique systems from my promotion and game.
Yeah. Okay, that's very interesting. You mentioned about AT field, which is I think the naming is coming from.
But maybe you can tell us more about game features, including AT field.
Sure, sure. Okay. So I think there are two features apart from the anti-trader field. So that is initial largest initial liquidity pool among web three games.
And as you mentioned, also about interoperability with an external ecosystem. So we consider that most important factor in game five is the initial size of liquidity pool.
So essentially the initial liquidity pool serves as a reward pool for the users.
But in other words, the more the size of reward pool increases, the more possibilities for users to get the profit.
So we decided to allocate all the sales of NFT into initial liquidity pool. That is insane, but that is a common design as far as we have seen other cases.
So under this allocation, every user could theoretically have a profit, take a profit, because the reward pool is more than their investment.
So based on our concept, so we are making the world's largest initial liquidity pool, as far as we know, the current record that is held by Steppen within the $2 million in the pool.
So ours should be bigger than that. So we finished our NFT sales this month as a Genesee 3, and it's been sold out for only a few days.
So total sales is about 2.4 million, as you mentioned before. And as I said, we put all the NFT sales to the initial liquidity pool, and that will be the largest initial liquidity pool in all the game fights.
So that will be 4.8 million something. So our project is based in Japan, and so the major users are Japanese, and everyone in Japan knows our project.
So we have seen our hashtag like a chain collar on Twitter's trend and many times. So we have sponsored many offline events in Tokyo, in Japan, and we had a live streaming on YouTube as well.
And apart from that, we have another new function, it's called like a sole mining system. So the UTAT token exceeds the certain price.
A portion of the token earned in the battle will be stored in the hero NFT. So this prevents selling pressure on the hero and maintain the market price in fluctuation.
So by collecting the funds on this system, the revenue from the external ecosystem comes to the internal game ecosystem by using DeFi asset management with the treasury funds and the buyback of CCP token, which is a UTT token from the profit on DeFi bars.
DeFi bars is a layer two on Oasis. So Chain Glossing Phoenix, we work with the external ecosystem for the long term sustainability. Connecting with the external ecosystem, there are two buyback mechanism from the gas revenue of the other product and revenue from DeFi.
So regarding in-game ecosystem, all the fee revenue from the Chain Glossing Phoenix will be redistributed to the holder of the governance token.
So we haven't seen web chain games revolutionized. Many game file model is still operates on system close to, let's say, Ponzi scheme.
The majority of today's game file is not a game file at all. It still remain only as a traditional games. With the financial aspect largely overlooked, the most important strategy for our game is interoperability and scalability with external ecosystem.
This feature is what only blockchain technology has. So without using this interoperability and scalability, we cannot call them web free game.
So our goal is generate the real yield on game file. So this is our challenge, but we will make it happen. So this is a feature which remain.
Thank you. I think I talk a lot. Two points.
Okay. Okay. So summarize two points. What are they?
One is the initial liquidity coup, which is the largest. And second one is the interoperability with the external ecosystem.
There you go. What's this dragon?
No, just just by hearing all the features and features you guys have put into this game, I could completely feel that everyone has an ample amount of experience in game file or blockchain games.
And also, I believe they are also heavy users of DeFi, for example, and all the other blockchain applications. So like, I wanted to know, like, who are your teams? Tell me about your team.
Okay, got it. So let me just.
Yeah, I think. Yeah, so we have been developing this blockchain game for almost one year. And of course, the team is a very important factor when it comes to the success of the project.
So we have 30 members, almost many from Japan and India and Vietnam. And the company was established three years ago as a system developer and has a design developed and managed over 20 dApps, including DeFi.
So I think it's one of the biggest system development companies in Japan. And also what makes us unique is that our team is all players.
So our team originates from eFarming Lab, that is a Japanese blockchain discord community initiated by our founder. So we have played more than 50 game files, titles, and chain-closing Phoenix is a result of analyzing these game file, identifying their challenging and updating the system with a concept with some innovation.
So this is all about our team.
Thank you. So can you share the latest development status of the game?
Okay, so as some people might know it, but let me update it. So from the beginning. So we finished, we have finished the closed beta testing last year, 2023.
And now is the open beta testing is available from the December last year. So for the open beta testing, we finally created a market on a platform where the new user can join a game by NFT to play the beta testing.
Though I said it's a beta testing, but you can't play it in ARM because we'd like to make the user seriously play our game and see how anti-trader fee works. That's why we put the real amount to the initial liquidity pool, even for the beta.
So actually, I cannot share it right now because on Twitter, but the price chart looks very nice and the utility token price for the beta is increasing gradually, not rapidly. That means the anti-trader fee works very well.
And for the official version, so we plan to launch in April, but unfortunately we have sold out our NFT almost. So there will be only 50 NFT that will be sold later on some platform.
But there is a secondary market on Tofu NFT. So you can buy it on NFT for official version or Tofu NFT even now, but you cannot use it to play the NFT for the beta to play the official one.
So there is a difference between the NFT for the open beta and NFT for the official version.
Okay. Thank you. I'm hoping many of the listeners here are players of the chain Colosseum, please remember.
Yeah. And then maybe it's more of a visionary type of question. Maybe you could tell me about the future with Oasis, what you guys believe in Oasis.
Cool. So we believe that Oasis has a huge potential. That's why we bet, you know, and we already decided the blockchain, not only blockchain game and on Oasis.
So currently we are developing a blockchain game, Chain Colosseum Phoenix, but at the same time we are developing many other dApps on DeFi version of Oasis, DeFi version layer 2, which we developed on Oasis.
So we know that Oasis supports blockchain games mainly, but Oasis needs more DeFi service like a DEX or liquidity staking or NFT marketplace, etc.
So we are developing all kinds of dApps, especially for the trading on our layer 2 of Oasis, which is DeFi version that helps more users to join the Oasis.
We are convinced that Oasis has a huge potential for the web blockchain game. So we'd love to support and advance together like a dragon.
Thank you. We're gonna, you know, go up and up like a dragon.
Yeah, definitely. Yeah, at the price quo.
Okay, thank you. Oh, and I think before we move on to the questions from the community, I heard you have important announcements, latest updates from your side.
Yeah, okay. So we still have time. So yeah, I think I'm very glad to share some updates, many updates.
So first, like only 111 premium passes will be issued on Ethereum.
So if you hold it, you may receive a variety of air drops like an FT and an FT for the chain-crossing phoenix games, as well as an FT and an FT for other projects.
So we are currently in talks with the various projects.
And 100 passes will be given out to the MCH, as you know, like MyCrypto Heroes premium pass holders, and 200 passes to the top 200 addresses that have CCP's Genesis.
So we are talking with the big global crypto communities and games and the rest may be given out to the well-known project or communities.
So I cannot announce or disclose all the details, but please, I mean, keep checking a person X.
And yeah, I don't know. I need to announce, but yeah, as you announced already, we are happy to distribute five NFTs for the beta testing and you can play and earn.
Okay. Thank you. So maybe we are going to start accepting questions from the listeners who are participating today.
If you have a question, please raise your hand. We will give you the, you know, the microphone to you.
I think everyone is enjoying during the, I mean, Lunar New Year. So, yeah, maybe.
Anyone who has a question, don't hesitate. Don't be shy.
Well, maybe we can check some comments on the M.A. threat.
Okay. I think Hiro left a good question. Are there any plans to collaborate with projects outside of Japan?
So you know how to read Japanese. Okay. Here.
Hiro sang with the Koala PFP.
Okay. Got it. Got it. Yeah, I saw it. Yeah, I think there are many plans to collaborate with a project outside of Japan because now, I mean, we cover all the Japanese market already.
I mean, maybe last year. And now is the time to move, I mean, to another country, like let's say, especially for the Asia.
Asia has a tendency to, you know, play to earn blockchain. I mean, blockchain gain because there were some examples for Stepping or like Axe Infinity, which are very popular, especially in Asia.
So, of course, but, you know, we want to cover like Asia as well as like a Europe or like a state.
So, yeah, it's very hard to, you know, because I cannot disclose any, any, you know, detail, but
you will see soon, like in some post or, you know, some collaboration or like a partnership because we have in, I mean, I have been talking with many projects and some platforms. So I know everything, but it's very, you know, hectic to not, not to disclose.
Yeah, but yeah, the answer is yes.
Okay, thank you. I think I have another interesting question and it's from Orly, and with a hand with a handle of Clarissa0690.
He said he or she says, can you explain the sole mining system in more detail? How does it affect the daily earnings cap and what incentives does it provide for long term engagement?
Okay, so if you've played Stepping, I mean, because I have played Stepping before and I know how it worked, you know, how it didn't work or it worked.
So the problem was that, like, you know, because the NFT, in case of the Stepping, that shoes never die, right? So they live forever. I mean, at the beginning of the Stepping.
So the point is, like, we need to limit or we need to control the number of the NFT so that we can avoid NFT inflation. So that is one of the factors why we created the sole mining system.
And that is, yeah, and then let me explain a little bit more about the sole mining system. So if I want to play the game with one NFT, if I win, I can earn something, right?
But somehow we put some limitation for one NFT as a maximum daily earning. So suppose if we put, okay, the maximum will be, suppose, 300. I don't know, 100, okay, for one NFT.
If I, if I, I mean, I could earn 300 or 400. Suppose I 300 I could earn today, but I can get $100 immediately after I win the game, but the remaining which 200 will be kept to the NFT itself.
And a few months after this NFT dies, you can, we can get it. You can get all the remaining. So the point is that makes the, you know, to all that, I mean, to avoid the inflation of the NFT and NFT. So that we hope that will work.
But I already explained before, but this is not only one factor or one reason why I mean, we created a sole mining system, because we can use this resource for the trading and to make, to earn more money for the end to distribute the users. So this is another reason, but I can explain again. So, but this is how it works.
Hope this answers your question. Clarissa0690. Okay, the next question is actually simple. What do you, what do we need before playing Cenkles? Is it on PC or only smartphone?
Oh, okay. So right, right now we can play with PC on browser. So we need to use a browser of PC, but we are currently developing like, you know, to make the users play with even a mobile phone.
But we don't need, we don't have any plans to make the application for mobile, like a step in. So yeah, because there is some reason, but you know, this is a plan. So currently, we need to use a PC to open the browser to play the game.
And in the future, sooner or later, you can use your mobile or smartphone to play the game with a browser. So this is how we can use.
Okay. Um, right. Actually, I saw Sekiro raising hands. Can anyone give him the access to the microphone? I think he was hitting the button so many times.
Okay, that's your question.
You know, I guess I am then. So I'm just quite curious about facts. Would you have an ambassador's program? How can we give him a mic?
Would you have an ambassador's program to spread your project beyond to different regions of the world?
Did you get the question? Oh, sorry. Did you, did you ask me some question?
I thought you were waiting for his question.
No, I was asking about your ambassador's program.
No, I think he's just a listener.
Yeah, an ambassador's program.
Yeah, ambassador program.
Like, okay. He. Okay, got it.
Yeah, we have an ambassador program, but we are still, I mean, analyzing some conditions for the ambassador program.
Yeah, so, but we will announce some conditions for the ambassador program.
So if we want to be a part of the ambassador or, you know, please keep following our Twitter, I mean, ex post.
Mainly we post, like, we always post the latest information on Twitter, I mean, on ex.
Okay. Yeah, I hope I answered his question.
I think Joe had another interesting question.
Maybe we could wrap up after this question.
I'll take it as the last question, since I don't think we have any other listeners who want to ask the question.
So here's the second question from Joe.
How will you address potential concerns about player access and affordability, especially considering the initial NFT purchase barrier?
So can you tell me about the different NFT collections of chain collisions and what what role do they play on your ecosystem?
You say different collection of the NFT and what do they want?
I mean, what role do they play? What are their use cases?
Oh, I mean, you mean the difference? I mean, what is the difference between the NFT collections in terms of a role?
What benefit does their holders get?
So I think there are some very small differences between NFT collections.
Like we have a Genesis 1, 2, 3. So the price is almost the same. The time of the selling was different.
So of course, if you could purchase at the early stage like Genesis 1, you could have more like a beneficial.
But currently we have sold out almost all NFT. The remaining are only 50.
So there is no big difference like an NFT collection. But if you review the NFT, you can get you might get like a common NFT or uncommon NFT.
So it depends on your luck. And also like for the how to say like a utility for the token.
No, NFT is like I think it was if you purchase Genesis 1 and 2, you could have you could receive the NFT for the beta testing.
So if you still hold it, you can the NFT for the beta has been sent to your wallet address.
Yeah, I hope he was he's playing.
So maybe cut some. Do you have any last words to the community?
Yeah, so thanks. Thanks for having me here. Just, you know, just the beginning of the Lunar New Year.
And we have more announcement, especially on X sooner or later. I mean, big announcement, we cannot be scores right now.
And we have more like a partnership or collaboration with a different global community and I mean, big community on big project.
So also we will, as I said, like we will generate a premium pass that so that I mean, where you can receive some air drop from not only from blockchain game, but also other project.
So, and the beta testing is available right now. So if you go to our website to play the game, there is a market where you can purchase the NFT to play the game.
So even now, during the beta, you can play in an arm. For the official, we will launch in April, and we will have more big announcement, I think in April.
So hope to see you in a blockchain game. Thank you.
And don't forget to follow our Twitter.
Today, let's wrap up today's AMA.
And if you guys are keen to find out more about Chain Colosseum, please follow the Twitter and read about their, you know, game system and join the community.
Okay, thank you. Thank you everyone for participating.
Have a good night. Have a good day wherever you are.