On Jan 5th, 2022 12PM UTC (8PM SGT), we had an AMA session with The Lost Throne, in our Telegram chat at https://t.me/KingDataEN. Our guest was Chris Yang, CMO.
Here are the essential points of the AMA session:
Introduction
Phillip: Guys, today we have invited our friends from The Lost Throne, Chris Yang Is a CMO
Welcome Chris! It’s an honor to have you here today
Thank you for that
Before we start our AMA could you please introduce yourself to the community. Also you could share how long have you been in crypto and your experience in general 😊
Chris：Yes, sure.
The Lost Throne (TLT) is a new meta-universe NFT TCG concept game designed and developed by Shiva Gaming since 2019.
Play to Earn: The Lost Throne is an MTG-inspired Play for Fun & Play to Earn trading card game that anyone can not only get the fun of the game, but also earn tokens through superb card skills and contributions to the ecosystem. Players can collect, build, battle and trade in this mysterious fantasy world full of swords and magic.
I have been in Crypto since 2016, and I have participated in many blockchain projects and communities.
Main Part
Phillip: I’ve seen you made a short intro about TLT, could you please introduce it deeper, including project progress & milestones you’ve achieved so far ?
Chris: We’re going to have three important milestones to achieve this month!
We will kick off CP IDO from Jan. 5th to Jan. 7th。Please see more token info on our social media.
First game mystery box will be available for public sales around mid-January.
Open Beta test is going to start at the end of January.
Check out the update on our telegram group:
https://t.me/TheLostThrone
Phillip: Chris, I was wondering how did the idea of making The Lost Throne come about? Could share the story behind it?
ChrisThe Lost Throne was born from a multidisciplinary group of people, who saw the great opportunity available in the 'blockchain x crypto x gaming' crossroad.
We've formed a core group of people in the beginning of 2019, and here we are now!
Phillip: Oh yeah, what will happen to the cards obtained by the Open Beta players
Will they lose them and get a copy? Or?
Chris: All progress will be wiped when the game releases, to ensure everyone can start playing on mainnet in the same conditions.
100 of our better ranked users will receive a Pioneer Gold card when the Open starts, as a 'thank you' for all the great test they have done so far.
Phillip: Chris, is it necessary that the blockchain game has a Play-to-Earn system?
Chris: We were pleasantly surprised to see the good results achieved by various excellent blockchain games in the past few months.
But we don't think that Play-to-Earn is the most important for blockchain games, but P2E is indeed an attractive concept under certain market conditions. When evaluating games, the evaluation criteria should not be lowered just because the object is a blockchain game, but should be treated the same as normal games and have the same standard of gameplay. Compared with traditional video games, blockchain games have more innovative advantages, but we believe that all these breakthroughs should not be at the expense of gameplay.
Players always need more fun games, which is an everlasting need.
Phillip: And what about the ecosystem and innovations？
*
Chris:* The Lost Throne has a Dual-token Economy System: the Equity type Crystal Powder (CP) and the economic type Dream Dust (DD).
Phillip: Any other innovations you’d like to share?
Chris: - CP token: The equity and governance token of the TLT ecosystem and the only ownership proof of the game.
CP has value accrual mechanisms, a limited supply, in-game utility, and is used to govern the distribution of the Throne Treasury funds.
- DD token: The in-game economic token that players obtain through game victory. DD can be used to produce shining cards, or to open new card packs.
There are four most significant innovations:
Co-creation: We invite players from all levels to co-create content and gameplay to jointly define the future of NFT games, and players suggestions for improvement will help us to adjust the usability of NFT games;
Universality: We build highly compatible NFT games based on efficient TCG development to keep expanding application scenarios of NFTs;
Sharing: The vast majority of games’ revenue will be shared with and by the community.
NFT DIY: NFT assets and application scenarios jointly defined by the community
Expansions of Magic World genes to diversify the appearance of NFTs.
Multiple quality Card games developed based on NFTs and the token system, combined with SDKs to be progressively accessible to external developers, drive the creation of unlimited application scenarios for NFTs on the platform.
Phillip: Chris, what is your plan or your marketing strategy that will help expand the TLT community and make it become more popular?
Chris: We are working with other projects, brands, and the gaming community to kick off The Lost Throne projects.
To further expand the impact and the community TLT also set up referral incentives programs for early players to invite more friends and share the experience.
Phillip: What do you think of the blockchain game industry? May we know your thoughts?💭
Chris: First, I should say "thank you" to the surging popularity of CryptoPunks and CryptoKitties in the blockchain industry in 2017, the NFT market started to grow exponentially, and the epidemic that broke out in 2020 accelerated the development of the entire NFT industry.
The advancing and maturing NFT market creates a favorable environment for the birth of GameFi. GameFi, originally denoted “gamified finance”, is a concept combining DeFi, NFTs, and gaming. GameFi is a remaking of traditional gaming business models by innovating and blending DeFi, NFTs, and games into a new application scenario.
GameFi introduced financial products into games, enabling game players to play for profit and empowering the DeFi and NFT market via expanding their adoption scenarios. Many startups have thrived on this boom and witnessed the explosive growth of GameFi, including Axie Infinity, Farmers World, StarSharks, and Alien World.
While riding on the wave of growth, many GameFi platforms have emerged, most of which link their various in-house developed games with a unified in-game token, thus creating more application scenarios for the tokens to circulate. However, they all fail to look further than the earliest GameFi concept. It is to make mining more fun and lower the entry threshold for players through gamification.
However, is GameFi no more than a derivative of DeFi, a financial game?
We all know that GameFi is based on the shared recognition of NFTs’ value, which means that NFTs enable the P2E model. NFTs are capable of creating value themselves; the shared recognition of NFTs’ value justifies the value of GameFi. “Game” refers to games that are meant for creating application scenarios in which NFTs create value. “Fi” is finance, which derives value from transactions of items that are recognized as valuable. Thus, it is NFTs themselves that underpin the GameFi value creation system.
The core of ContentFi, as the name suggests, is content, and to be specific, the potential application scenes of NFTs. The value of NFTs lie in their scarcity, uniqueness, and the universal recognition of their value. Games represent simply one application scenario in which users build consensus. As more application scenarios are created, NFTs can unlock more possibilities and enable more relevant and immersive experiences for users, thereby creating new value.
Last but not least, as I mentioned before, I think whether traditional video games or blockchain games, players always need more fun games.
Phillip: Chris, how do players earn money through The Lost Throne?
Chris: The Lost Throne is a typical NFT card game. The changeable rules of The Lost Throne encourage players to collect more NFTs. Players will use custom decks to defeat their opponents in flexible ways according to their opponents.
Winning the duel will receive DD as rewards. DD can be exchanged for cash, which can be used for casting production props, "plating flash" cards, increasing NFT level or opening new card packs. The number of rewards will vary according to the card's rarity, MMR. Winning a higher-level match means higher rewards.
Live Session
Q1: Sandee Fraley MAM:Can you explain how your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Chris: This shows a clear tokenomics for CP
Q2: cr7: What are your plans to expand your platform worldwide? (Especially for non-English speaking countries)Can you please tell me the Various ways by which I can earn Income from your platform? Is this platform only for professional persons, Or new Users Can also use this platform?
Chris: Anyone can jump on the platform and enjoy The Lost Throne.
Once you start playing, you will easily find out how to play.
Q3: Robins XLM5:How are you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local community for them to better understand your project?
Chris: As mentioned during the first Q&A session, we are working with other projects, brands, and the gaming community to kick off The Lost Throne projects. Many of them are non-English speaking communities in a variety of different languages.
To further expand the impact and the community TLT also set up referral incentives programs for early players to invite more friends and share the experience.
Q4: Tran Ba Son:ChR, How do users participate in The Lost Throne? I think this is the most important.
Chris: You can also participate in The Lost Throne on your mobile.
This is very important feature which not many other projects do.
Check out the website and stay tuned with us for our game launch soon.
http://thelostthrone.net
Q5: SN:Could you tell me a little bit about Your roadmap going forward, How do you plan onboarding users and gaining more adoption for Your project?
Chris: This will help you to understand our roadmap of TLT.
Quick Quiz Part
Q1: What is the name of dual system tokens?
A1: Crystal powder & Dream dust
Q2: What is the date of CP IDO?
A2: Jan 5 to 7
Q3: When the core team group has been formed?
A3: Beginning of 2019
Q4: How many users will receive a Pioneer Gold card when the Open starts?
A4: 100 best ranked users
Q5: What are the 4 most significant innovations? (Include all)
A5: Co-creation , Universality, sharing & NFT DIY
Airdrop Winners List
Link: https://docs.google.com/spreadsheets/d/1wNh2KcQ9hW4uvx-Dn9gbK6oYydAxc_ktyYwV66WCPjk/edit?usp=sharing
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