ForthBox Launches Avatar Metaverse Game and Is Leading GameFi 2.0

December 2, 2021 8:54 PM EST

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Singapore, Singapore--(Newsfile Corp. - December 2, 2021) - Recently, ForthBox created a forward-looking business and metaverse from the ground up. Its first milestone was the Avatar metaverse series, which launched in parallel with Ham, the first metaverse tracking game, making the overall gaming experience more fun and immersive. With gaming in its DNA, ForthBox is a blockchain game aggregator offering blockchain games developed by ForthBox, games sponsored by its community, as well as games provided by reputable third-party game developers. It aims to provide users unique blockchain games and is committed to becoming a leading blockchain game aggregation platform.

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Figure 1

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Ham NFT: The ticket to the Metaverse

Ham, or the "Ape-God" in the metaverse, is the chief IP of Forthbox. Everyone is free to mint Ham using a small amount of gas fees. Ham has multiple attributes, including hashrate, INT, AGI, etc.

To mint Ham, a combination of FBX and Forth tokens should be used. "Feed" Ham and the hashrate of Ham would be upgraded accordingly. Then, Ham could be staked (also known as NFT mining) to produce FBX tokens. Hold Ham NFT to join the ecosystem - it's the ticket to the Metaverse of the future.

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Figure 2

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ForthBox offers new possibilities for the GameFi ecosystem: a platform model

The Forthbox protocol operates in a similar way to Steam. Users can participate in any game listed on the platform, whilst game developers can list their own games on the ForthBox protocol's platform.

As the world's first GameFi aggregation platform, ForthBox offers decentralized financial products, the gamification of DeFi rules, and the NFT of game prop. One of the most notable features is that the user assets can become game items such as armor. In turn, the user can earn or get rewards from playing the game.

Unlike traditional GameFi projects, ForthBox focuses on games with high playability and provides its business partners, especially game developers, with a full suite of services such as blockchain technology, tokenomics design, community promotion, and other launching and compliance services.

GameFi

The ForthBox team plans to release 15 high-quality blockchain games. Space War is the first space metaverse game independently developed by the ForthBox platform. Space War is a metaverse series that extends immersion and engagement within the boundaries of DeFi and NFTs, creating virtual and real worlds of identity, honor, and social interaction. Based on DeFi's infrastructure, nobody will control this virtual parallel world that simulates reality except the smart contract.

Yield Aggregator

To provide the best returns to liquidity providers, the ForthBox yield aggregator is constructed as a smart contract that integrates a series of optimized yield farming strategies which automatically accelerate the frequency of value exchange, seek the best returns strategies for users, and ultimately promote more value discovery. Value discovery is a comprehensive reflection of traders' understanding of current market supply and demand and their expectations of the future market. It is not only conducive to the rational allocation of resources but also enables investors and financial institutions to make reasonable decisions according to the price.

Yield Farming

ForthBox creates a unique mechanism for NFT yield farming, endowing users with more rights and application value of NFT assets. Users can participate in ForthBox's yield aggregator. Each yield aggregator's strategy is a smart contract that automatically optimizes and provides users with the best yield farming strategies. They can stake with Forth or FBX token on the ForthBox yield aggregator and earn tokens to unlock the NFT blind box, giving users an equal opportunity to create valuable legendary NFTs.

SocialFi

SocialFi is actually a combination of Social and Finance. It aims to deliver benefits and rewards to users through the financialization and tokenization of social influence.

For a better understanding, let's look at GameFi first. GameFi is a brand-new gameplay that introduces DeFi gameplay to blockchain games where players can earn by playing games. This is one of the most important parts of the idea of play-to-earn. DeFi has built a perfect and self-consistent economic system for users, and everyone can gain benefits by demonstrating their own value.

It will also help users to truly demonstrate the value of their data sovereignty, which is in line with SocialFi's philosophy of empowering creative individuals. Therefore, SocialFi can be taken as a path to Web3.0, or at least a preview of Web3.0 for users.

ForthBox Yield Guild

ForthBox Yield Guild enables users to earn passive income by participating in various GameFi vaults, bringing players together to earn and leverage their NFT assets in exchange for a portion of the in-game rewards. Hence, users can gain early access to the tokens or game items, lend their game items to other players to earn, and stake their tokens on other players' game items to earn.

ForthBox Networking System

ForthBox provides real-time interaction through its built-in data and processing power so that users can present their information in a timely way. ForthBox also encourages players to invite other users and rewards each new user with a unique recognition feature by recommending achievements prior to entering the platform, symbolic economic rewards automatically link rewards between game players and developers. It is possible to reward players who interact with ForthBox by incentivizing them to hold tokens while maintaining the scene themselves so they can earn extra rewards.

DAO Governance

Similar to other blockchain projects that provide governance activities, $FBX (ForthBox token) token holders can stake their tokens on the ForthBox ecosystem and gain voting rights to important decisions, such as suggesting new features. The DAO can help ForthBox improve its internal management system, operational efficiency and establish a new decentralized, relationship.

Tokenomics

$FBX (ForthBox token)

FBX, the governance token, based on BEP20 and ERC20, enhances the ForthBox ecosystem by giving the community control over the protocol. Anyone who interacts with the ForthBox ecosystem on the chain is eligible to receive the FBX token. ForthBox is based on the multi-chain standard of BSC version 1.0 and ForthBox BRC1155 and BRC721 NFT storage and transaction. Players can earn ForthBox NFTs by staking their crypto assets on the ForthBox yield aggregator.

$FBX Buyback & Burn

80% of the revenues will automatically be repurchased and burned by ForthBox. The smart contract checks the average FBX price over the last 72 hours. When prices fall below the 72-hour average, the smart contract is triggered and the funds in the repo pool will be exchanged for FBX tokens and burned at the same time.

Buyback pool

  1. 100%: food feeding (FBX)
  2. 40%: food feeding (FORTH)
  3. 4%: NFT marketplace
  4. 80%: redeem NFTs & auctions
  5. 80%: launchpad

The new era is coming

GameFi will create new tokenomics for the NFT industry, which will gradually shift from collectible arts towards more immersive mobile games and social NFTs.

ForthBox combines the concepts of GameFi, SocialFi, and NFTSwap, as well as deploys the concepts of free-to-play and play-to-earn, to bring one of the finest innovations to the gaming metaverse. As a result, Similarly, trading NFT assets on ForthBox is like playing traditional games on third-party platforms. ForthBox offers more asset liquidity, more objective market value, greater appreciation potential for assets, and lower education costs for users.

As more and more users join, GameFi market will enter the 2.0 era and a new phase of development. Hopefully by that time, ForthBox will be the primary platform for users and game developers to unleash its potential.

Website:www.forthbox.io
Twitter: https://twitter.com/forthbox
Telegram: https://t.me/ForthBox_Official
Discord: https://discord.com/invite/agKbBUDW27

Company Name: Forthbox Ltd
Email: [email protected]
Contact: Jacky Wong

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106278



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