98KDAO Early Project Flash:TreasureDAO

February 22nd, 2022

Project Introduction：

TreasureDAO is a cross-chain, cross-game multiverse platform built on Ether's second-layer chain Arbitrium, and will develop its own $Magic chain based on Cosmos in the future, with the goal of bringing together NFT, Defi and Gamefi to provide a bridge to the many closed NFTs that connect to the game and metaverse.

How to Play & Potential Analysis：

Originally a spin-off of the Loot project launched last August, TreasureDAO has become a rising star in the metaverse ecosystem as the community has expanded and the ecosystem has evolved.

It takes the resources of the metaverse as a starting point and builds an ecology around economic mechanisms, one for MAGIC tokens, one for Treasures (magical items that generate new resources), and legions/players. These three are intrinsically related; MAGIC provides the power of the game world; Treasures are the resources that players use to achieve their goals; and players need MAGIC and Treasures to carry out their game activities and to give them purpose.

In TreasureDAO, in order to generate new resources, it is necessary to have both specific treasures and pledge MAGIC tokens in order to do so. And with these newly generated resources, there is a greater chance of capturing more MAGIC.

The design of the economic mechanism of TreasureDAO shows that there is a mutually supportive relationship between MAGIC and treasures. In order to obtain MAGIC, one needs to own treasures, and with treasures, one has the opportunity to generate new resources, and with new resources, one can obtain more MAGIC revenue. In addition, MAGIC is also used to purchase its character NFTs (legions, etc.), treasures, etc. and also serves as a payment medium.

TreasureDAO will be launching two NFT trading markets, the MAGIC-based NFT market is currently live and has a daily trading volume of approximately 2 million U, with 5% of the fees going to the DAO treasury, which currently has 3,802,581 MAGICs in revenue. MAGIC can receive the platform commission bonus, the commission bonus ratio is the highest in the industry at 100%. Through the Trove marketplace, TresureDAO will be able to capture the transaction fees in ETH, which will allow the DAO treasury to be enriched and diversified to support the value of MAGIC.

TreasureDAO bridges the growing metaverse network by bringing together NFT, DeFi and GameFi in an open and composable way. The TreasureDAO ecosystem is currently growing very rapidly, with a number of projects such as Smolverse, LIFE, BattleFly and Peek-A-Boo set to be released in the near future, in addition to Bridgeworld, which is already live.

Active users:

Recent daily activity of around 9,500, with users mainly in the US, UK and Australia.

Economic Models:

MAGIC with a total mintage of 350 million, is the genesis token of the Treasure DAO and the natural resource of the Treasure metaverse, which "starts" NFTs and turns them into profitable assets. Players can earn MAGIC by playing games, mining and participating in Bridgeworld, which is similar to Bitcoin in that the amount mined is halved once a year.

Token Distribution:

Treasure farm:33%

Mining:25%

Staking/Liquidity:17%

Ecosystem Fund:15%

Team:10%

Coin price and market value:

MAGIC is now trading at 4.52 USDT and can be traded on SushiSwap, OKX, MEXC, Uniswap, BKEX, etc. Current liquidity is 152 million,market capitalisation:$687 million, 70% is staking now.

Investor:

1KX(Co-Founder of Axie)

Team Background:

John is the head of growth at DEX Osmosis,also the largest TVL on Cosmos, and Jumpman is the main advisor, the team is currently around 20 people.

Key Timelines:

2022 Q1 BridgeWord launches V1

2022 Q2 Launch of Trove NFT Marketplace

2022 Q3~Q4 BridgeWord launches V2

Early engagement approach:

1、Pledge MAGIC mining to get MAGIC

2、Pledge MAGIC to get NFT and speed up mining

3、Earn MAGIC through the ecological games Bridgeworld, Life, etc.