Overview: XAR Mirrors the Real World Economy
Imagine XAR as a vast, undeveloped terrain teeming with abundant resources and limitless potential for creation. In this world, people collect resources, produce goods, and exchange them to meet their needs, much like in the real world.
An economy grows by increasing its population and productivity. The more people produce and exchange goods, the greater the overall economic wealth. This principle underpins XAR. The continuous cycle of people and goods drives development, ensuring an ever-growing economy.
Since the XAR world operates on-chain, we can measure its growth using two metrics: DAU (Daily Active Users) and ITV (Internal Transaction Volumes). DAU represents the user base of internet products, akin to the total population of an economy. ITV, an on-chain exclusive metric, measures productivity and economic vitality, similar to GDP.
The XAR world is measured by the DAU-ITV model and comprises several key components.
Energy: The Force Fuelling All Activities
The world starts with Energy. In XAR, Energy represents users' physical strength or productive force. Only by consuming Energy can users extract resources and start production. The amount of Energy determines the world’s productivity, as it dictates how many resources can be extracted.
Energy is inherent to every user and cannot be traded. It replenishes over time but has a storage limit. Users need to engage with the app periodically to consume Energy, maximizing its utilization and generation.
Energy empowers active users and serves as the foundational driving force of the XAR world.
$VOXELs: The Building Blocks of XAR
$VOXELs are the building blocks and resources for production in XAR. All goods in the XAR world, known as Creations, are composed of $VOXELs. These are standard 4cm x 4cm cubes, perfect for building and composing 3D objects. As ERC20 tokens, they are also easy to trade.
Users consume Energy to blast Natural Creations and obtain $VOXELs. Natural Creations continuously spawn in the XAR world, and blasting them for $VOXELs is akin to mining resources in the natural world. The amount mined depends on the available Energy.
Users can also blast Shared Creations to get $VOXELs. Shared Creations, built by users, mirror the recycling of resources from buildings. However, some $VOXELs are destroyed in the process, reflecting the natural world's entropy where resources are lost in each cycle.
The $VOXELs drop rate is higher for blasting Shared Creations than for Natural Creations. This incentivizes recycling over extracting, contributing to the economic cycle, as further explained in the “$BATTERYs” section.
Creations: Diverse Entities Constituting the World
In XAR, the world is composed of diverse entities called Creations. There are Natural Creations, like mountains, rivers, ores, and minerals, and Shared Creations, man-made items constructed by users, like houses, gardens, airplanes, and trains.
While Natural Creations have limited formations, Shared Creations reflect unlimited human imagination. Shared Creations are summoned as copies of original vNFTs, the prototypes of all objects in this world that embody human wisdom and creativity. Generating vNFTs requires only creative minds, and they can be traded. The owner of a specific vNFT shares a portion of future rewards from all Shared Creations summoned from it, akin to proprietary income.
Summoning a Shared Creation consumes $VOXELs needed to compose the object. Shared Creations cannot be traded but can be recycled by blasting, with some $VOXELs lost in the process.
Regular users can create vNFTs using magic spells powered by our AIGC toolbox, crafting fireworks, house decorations, and 3D avatars. Professional creators can craft amazing art using our voxel-based building engine, Aries, similar to building in Minecraft or Sandbox.
Renowned IPs can construct their own universes within XAR. For example, in the XAR realm, we could establish an exclusive Marvel universe where users might encounter Iron Man on the street, witness Doctor Strange explaining time's mysteries in a library, or spot Ant-Man unexpectedly.
Shared Creations define our world, enhancing reality and rebuilding the world we interact with. The diversity and growth of Shared Creations reflect the growing value of the XAR world.
$BATTERYs: Tokens to Incentivize Social Interactions
$BATTERYs are tradable coins incentivizing social interactions with various utilities.
When a Shared Creation is recycled into $VOXELs, the Energy used by the blaster is transformed into $BATTERYs, distributed respectively to the original vNFT creator, the Shared Creation builder, and the porter who shares the Creation to our world feed. $BATTERYs reward and incentivize those who create, summon, and share Creations, adding versatility to the world.
The higher drop rate for Shared Creations incentivizes builders to consume $VOXELs and create, likely retrieving $BATTERYs as rewards. Only when $VOXELs become too expensive will people start blasting Natural Creations.
$BATTERYs serve as currencies in the XAR world. Users can use $BATTERYs to replenish Energy, get Acceleration Tools to increase Energy recovery speed, and purchase Protection Shields to prevent Shared Creations from being destroyed.
Conclusion: Why the DAU-ITV Model is the Future of Sustainable Product Development
The XAR world mirrors the real world economy in how people use strength to extract materials, create goods, and recycle them into materials again. The more people create and exchange goods, the more prosperous the economy becomes.
DAU(Daily Active Users) corresponds to Population in the real-world economy. People with Energy are the driving force of an economy. This metric ensures that the economy's growth is directly tied to user engagement.
ITV(Internal Transaction Volumes) corresponds to GDP in the real-world economy. Although slightly different - GDP excludes intermediate goods consumed in the production process, while ITV does not - they are still strongly correlated. A larger ITV essentially equates to an economy with stronger productivity and more vitality. The revenue of XAR comes from taxation on ITV, which also depends on XAR's own economic size.
The DAU-ITV model offers a compelling framework for sustainable product development, as it aligns with the two most important indicators in the real-world economy: Population and GDP. As the infrastructure of Web3 matures, we will witness an increasing number of valuable DApps, while casinos gradually decline. These valuable DApps, akin to our real-world economy, will reflect people's creativity and productivity, enhancing our lives and approaching the reality of the economy. Therefore, we need this new model, DAU-ITV, to measure the value of future DApps.