Lumi Ecosystem

What we think on the new paradigm of Crypto Game

In our minds, blockchain is a frictionless, distributed ledger technology that can greatly improve efficiency in reconciling accounts. However, the question remains: How does this relate to gaming? What exactly is a crypto game?

From hearing about CryptoKitties in 2017 to Axie in 2021, we have been asking ourselves:

• Can this technology create gameplay, and does it require blockchain?

• Are these products just a gamification of DeFi, and aside from lowering DeFi barriers, do they have other value?

Past blockchain games mixed users with different interests, leading to conflicts among various parties. Different users have different needs.

We place DeFi users, GameFi users (gold miners), and gamers within a coexisting system. Each type of user can pursue their own needs, and by satisfying these needs and the overall in-game economic mechanisms, we have built a healthy economic system composed of three reinforcing flywheels.

Lumi Finance

Lumi Finance is an essential component of building a better Lumiterra ecosystem.

Although Lumi Finance can exist as an independent product, we have constructed three crucial growth flywheels within the ecosystem that can mutually reinforce one another.

Increased liquidity can boost the prize pool, attracting more gold-mining users. As they complete tasks, they generate transaction fees, which in turn provide extra income for DeFi users. In this model, the product is not the counterparty for users; instead, users serve as counterparties for each other.

We aim to improve the game's playability and content richness to satisfy players' gaming needs. These gaming activities generate substantial underlying material demands that gold-mining users can fulfill.

This paradigm would be challenging to execute efficiently in traditional games, as capital utilization rates would be lower. Typically, traditional investors provide capital to game companies, who then develop games to attract paying users. The resulting profits are shared with investors as dividends. Even though there're some variants in this scenario, it's essentially the same.

By implementing this process on the blockchain, feedback efficiency can be significantly accelerated. Any issues that arise can be quickly adjusted, and the entire capital flow decision-making process is market-driven.

Lumiterra: https://lumiterra.net

SosoTribe: https://sosotribe.com