We are excited to announce that Onchain L3 is now live! Early adopters are already bridging and exploring the new chain, marking the beginning of a transformative journey. In the near future, our team will be dedicating full efforts towards the development of ecosystem products as well as onchain incentives aimed at empowering builders.

We are also preparing for launch a series of gamified products directly related to the Onchain token, all of which will be deployed on the Onchain Chain. This roadmap outlines our strategic vision and plans for the growth and enhancement of the Onchain ecosystem and key Token Mechanics.

Token Mechanics

Our approach to token mechanics is designed to reward our community, support the Onchain ecosystem, and ensure long-term sustainability. Below are the key components of our strategy

Revenue Share

Stakers of the Onchain token will receive 50% of the DEX fees and chain fees, in addition to rewards from partner projects. This revenue share mechanism will be implemented this June.

Deflationary Token Model

As mechanics of deflationary token model, 30% of the revenue and DEX fees will be used for token buybacks.

June Airdrop and Burn

In June, we will conduct the biggest airdrop for Onchain holders, distributing 8% of the total supply. The allocation will be as follows:

• Pill holders: 3%

• Onchain score first airdrop: 1%*

• Chain Game: 4%

  *Onchain Score Season 1 participants (Farcaster-native) will also be eligible for airdrops in future seasons.

Pill holders and Onchain Score participants will receive their airdrops simultaneously, while Chain Game players will have a separate airdrop date. On the day of the Pills and Onchain Score airdrop, we will also burn 4% of the supply from the Reserve Fund.

Onchain Products Overview

Onchain Score

Onchain L3 Score will serve as a mechanism to incentivize activity on L3 and distribute the project's value. By completing tasks, users will be able to earn tokens daily and utilize them within protocols on the Onchain layer.

Currently, there’s the earliest iteration of Onchain L3 score available on our platform. It doesn’t yet implement daily token allocations, but rewarding early adopters with Onchain points.

Onchain Score V1 was a Farcaster-native onchain identity scanner on base, taking into account up to 3 wallets connected to each Farcaster account.

Participants on Onchain Score V1 are eligible for Onchain Airdrop in June (the snapshot was taken on March 31). You can check the leaderboard here. The first airdrop for Onchain Score V1 will occur on June 1st, coinciding with the Pill holders' airdrop. Participants of the first season will receive a significant bonus in future airdrops.

Chain Game

Due to long periods of technical works and access issues, the Chain Game mining period will be extended until June 14th. An airdrop for Chain Game players will take place on June 15th on the Onchain L3.

Based on users’ feedback, new features will be introduced in Chain Game in June.

Crypterra

Crypterra, a community-driven and decentralized fully onchain game, will launch on Onchain L3 in the near future.

What is Crypterra

Crypterra is an open and autonomous game world.

Crypterra embodies the concept of Persistent Onchain Economy — the autonomous self-regulating onchain economy that allows to integrate external mechanics.

1. Autonomy. Crypterra is a group of interconnected smart contracts of biomes and mechanics. It is completely autonomous and independent of the frontend/backend and does not require outside maintenance to function. If you want to, you can play through direct interactions with smart contracts, bypassing the interface.

2. Self-regulation. Crypterra has built-in mechanics of seasons that regulate the economy based on inflation and load, keeping the game sustainable. The more funds game contract spends on rewards this season, the higher the cost of energy and HP will be during the next season.

3. Openness. The source code of Crypterra assets and biome contracts is open, allowing users to create their own biomes with unique properties. This would enrich Crypterra with unique features.