AMA Recap Crypto Library with Crypto Stream


On 09th Desember 2021, CryptoStream conducted an AMA in the Crypto Library Community. Our guest is Arya Justin. Lots of questions as usual from the Community about CryptoStream progress. The CryptoStream team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into CryptoStream.

Let’s take a look at the most interesting points of our conversation. 

Crypto Library Team : Can you tell us about CryptoSteam and DeDragon?

Arya (CryptoStream) : CryptoSteam is a decentralized, blockchain, game-publishing platform founded by Aaron Pulkka, former vice president of Activision Blizzard. Traditional game publishing platforms such as the Steam and Epic stores, currently do not allow blockchain games. These centralized platforms operate on a business model that is very old-fashioned. These “walled gardens” also require game developers to make separate deals with these platforms and sometimes require exclusivity rights in order to give market share advantages to that publishing platform – none of which really benefits the average game player who just wants to play the game. This traditional game publishing platform can not service the needs and players of of blockchain games – that’s we created CryptoSteam! CryptoSteam uses governance tokens and NFT to created a shared foundational economic model for all of it’s  games. Through the DAO organization, independent game developers and players become the managers of cryptosteam. The entire platform is decentralized, while providing bookkeeping infrastructure for all revenues. The platform’s gameFi2.0 economic model is stable. The goal of CryptoSteam is to become the foundational infrastructure provider of the meta-universe, as well as a bridge to connect the various meta-universes. DeDragon is the first gamefi 2.0 game to be released by CryptoSteam!

Crypto Library Team : CryptoSteam sounds a bit similar to gala, which has been on fire recently. What is the difference?

Arya (CryptoStream) : Yes, we and gala are positioned as chain game publishing platforms, however, the economic and business models are quite different. Gala's economic model is to sell nodes and invite friends - Very simple. From our point of view, their deflation mechanism has weaknesses which will make Gala’s economic model unsustainable in the future. Crypto Steam’s economic model solves this and much more! We are the right combination of “play to earn” + Defi2.0. We draw on the economic model of Olympus. All of the income of the platform, including the sale of game NFT assets, transaction market fees, and in-game, consumed tokens, go to the DAO treasury. The treasury is controlled by agreement. When the governance token is lower than the set price, the treasury will begin repurchasing. Through the bond mechanism, the liquidity of the governance token will be repurchased from the market to maintain the stability of the token price. At the same time, in deDragon’s “play to earn” mechanisms, players develop, fight, and upgrade their NFTs to increase computing power, and then pledge to obtain governance tokens to empower the game's NFT and increase value. Each game also has its own separate in-game token. This is the concept of gamefi2.0, “play to earn” + Defi2.0

Crypto Library Team : Defi 2.0 + GameFi, it sounds a bit complicated, can you explain it to us?

Arya (CryptoStream) : Simply put, all revenue of the platform enters the treasury pool controlled by the contract agreement, and we begin repurchasing when the currency price is less than 1 U.S. dollar. Through the bond model, the liquidity that is in the possession of the users is repurchased to maintain transaction depth, and the repurchased LP also enters the national treasury. Due to the additional issuance mechanism of defi2.0, those who pledge governance tokens will get additional issuance income, so APY can reach more than 1000%, supported by funds from the national treasury, so that even if the currency price drops by 90%, it is still profitable. It is the (3, 3) theory in game theory. And every game on the platform will contribute to the treasury. We know that the combination of GameFi+DeFi2.0 has greater ability to maximize the upside potential than a single DeFi2.0 model. 

Crypto Library Team : What are the empowerments of the circulating tokens in DeDragon? Will the economic model be single token or multiple tokens?

Arya (CryptoStream) : Our system is a dual token model - governance tokens and circulation tokens. The governance token is the governance token of the entire Cryptosteam platform, which will run through every game on the platform. Things like, DeDragon card breeding will also consume platform coins. Circulation tokens are in-game currency and used for in-game transactions. The acts of buying land and farms in Dedragon, opening treasure chests, upgrading, and breeding will all consume circulating tokens. Staking NFTs in the game will also produce circulation tokens. This is “Play to earn”, and you will find that governance tokens and circulation tokens have a positive relationship, that is to say, when governance tokens rise, the consumption demand of circulation tokens will also increase. Therefore, players are welcome to “play to earn” in our game. Playing games and getting circulating tokens can be converted into income!

Crypto Library Team : Will the money from the preliminary financing go to the national treasury? How to balance the interests of investors and retail investors?

Arya (CryptoStream) : No, the money from the initial financing is used for product research and development. Starting from the sale of NFT, those proceeds will go to the DAO treasury. Staking governance tokens + NFT computing power weight combination staking to obtain additional governance tokens. Since the price of tokens purchased by investors is cheap, which is unfair to retail investors, the algorithm for staking tokens will provide discounts investors. For example, if an investor buys 0.1 US dollars and the ido is 1 US dollars, then the investor’s pledged token amount must be divided by 10.  (Because of the contract agreement).
Crypto Library Team : DedragonWorld is NFT gaming. Since the majority of NFTs end up with little or no value,it is difficult to survive liquidity because people do not regularly trade them in pairs, so it is difficult to liquidate NFTs. Can you tell how #DEdragon planned to solve this big problem?

Arya (CryptoStream) : The number of NFTs is limited. In the staking link, platform currency + NFT staking generates new platform currency, where NFT becomes an indispensable element and has value and significance.

Crypto Library Team : I have a question about the revenue system, many P2E games generate their own income like Axie Infinity, apart from the revenue we generate in the game, will CryptoStream reward us for using their platform or how can we earn $CST tokens?

Arya (CryptoStream) : There are many links in our game to obtain CST platform coins, such as winning in game competitions, obtaining CST in the prize pool, or pledging to mine CST, etc.

Crypto Library Team : In your Doc I read that DeDragon is the first game published on the CryptoSteam platform, how many islands could we build for dragons to inhabit? When liberating the dragon island from the Vikings, what would be the rewards that we could obtain?

Arya (CryptoStream) : The number of our islands is limited. Free islands can get ruby tokens. The specific number still needs you to participate in the game to know.

Crypto Library Team : Most investors focus only on the short-term price of the token instead of the actual value of the project. So what are the benefits for long-term investors in project?

Arya (CryptoStream) : The number of governance tokens on our platform is limited, and there will be no additional issuance at present. Our platform will also develop in many aspects, not only games will involve other products, and platform tokens are universal, just like eth on the Ethereum chain is universal Yes, and our games and products will be carefully created to attract users. I hope everyone can participate in the closed beta and experience the charm of our first game.

Crypto Library Team : Is your project only for English speaking countries or is there a community for other language users?

Arya (CryptoStream) : Our project is aimed at global users (Countries that do not include policy restrictions). 
Crypto Library Team : Can you list some of the features with which you are most confident about your platform? How can you advertise your project worldwide and make it popular?

Arya (CryptoStream) : Dedragon has conducted the first internal test of deleting files on 12/12.The sale of Genesis Dragon NFT will be launched around December 15th. All cards are mine cards, and there are auctions and blind boxes. Then we will open the IDO in the middle.

Crypto Library Team : Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?

Arya (CryptoStream) : A safety report will be issued within a week

Crypto Library Team : Is there any beta test?

Arya (CryptoStream) : Will be around the 12th

Crypto Library Team : What dedragon think about web 3.0?

Arya (CryptoStream) : Web3.0 should be revolutionary, we will participate in and build web3.0

Crypto Library Team : How can I start playing games on CryptoSteam? Do I need to download the app or is it on the website? And what is the minimum amount of $CST tokens that must be purchased to enter the game?

Arya (CryptoStream) : The game will be played on the web. We are a dual-token model, and the game currency ruby will be consumed during the game raising process. Please actively participate in the first closed beta and experience the game.