July was a month of historic growth for MatchNova. Our governance token $WCC underwent its Token Generation Event (TGE), marking a significant shift in our token economy. Moreover, we took remarkable steps to make MatchNova more sustainable and firmly adhere to our visions, ensuring a fun-filled gaming experience for our players.
Instead of selling $WCC through the Blind Box event, we opted to directly reward our loyal players through an airdrop event. As a result, more than 50% of the circulating supply of $WCC has been distributed to players. This allocation amount will be transferred to the players' share, enabling players to get it through gameplay.
The Dynamic Pricing System (DPS) is an algorithm pioneered by the MatchNova Numerical Team, aiming to empower players with the pricing authority within the game. The required amount of token consumption varies according to the demand. NFT Hero’s Level up, Gem’s upgrade and NFT Hero’s Mint are the very first three features that the dynamic pricing system implemented. The system will utilize both $WCC and $MCC. Additionally, we've activated the $WCC burn mechanism, and $WCC spent in the dynamic pricing system will be regularly burned, making it a deflationary token.
After $WCC TGE, we encountered several days of significant volatility. However, we turned this crisis into an opportunity. The MatchNova team was swift to implement a zero sum economic model previously unseen in Web3 Gaming, successfully combating inflation. This decision has led to a 700% increase in our $MCC token from its lowest point, resulting in a rapid recovery of the game's economy. This not only demonstrates our increased resilience but also reflects the unwavering trust our players have in us.
We have achieved incredible milestones together with loyal players. We deeply appreciate our players, and we are committed to growing together. Since our inception in April, we have achieved the following:
Registered accounts: over 50,000
Games hosted: over 3,000,000
$MCC holders: over 10,000
$WCC holders: over 3,500
The original mission of MatchNova remains unchanged: to provide easy-to-play and fun products, and to bring joy to anyone, anywhere, at any time.
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No matter what challenges we face, we won't back down. Creating a fun game is always our core value. Compared to our long-term vision, we're still in our infancy. $WCC will always be the governance token for future games and products offered by SuperNova Lab Ltd. We will continue to fulfill our promises, accompanying our loyal players on this incredible adventure.