A DEFLATIONARY REWARDS GAMING TOKEN IN XRPL: Building a Network of P2E Games in XRPL
MotionWreck Games ($MWG), is a deflationary rewards gaming token to be used in our network of play-to-earn (P2E) games and NFT games. These tokens can be used to purchase in-game assets and NFTs; or earn more tokens by playing games within the MWG ecosystem and through our rewards programs.
Why choose the XRP Ledger (XRPL)
public and decentralized structure
It’s fast, energy-efficient, and reliable. With the ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects.
We aim to build a network of Play-to-Earn (P2E) games and Non-Fungible Token (NFT) games and be recognized as a top blockchain gaming platform. People can play their favorite games while creating financial opportunities to attain their financial goals.
To provide unique, P2E games and NFT games which will get the attention of gamers around the world while enabling them to build financial wealth through our revenue-generating operations and rewards programs.
What makes MWG Unique?
built on xrpl
cloud game servers
$MWG has a 1,000,000,000 fixed max supply. The issuer address is "black hole" meaning no more tokens can be issued by us.
What is a Game Treasury?
A Game Treasury is where token revenues from all the games within the MWG ecosystem will be stored.
What will happen to the tokens stored in the treasury?
Token revenues from the games will be used to cover the expenses incurred in the operation of the ecosystem, namely:
Game Development/ Maintenance/ Team
CEX Listings and Liquidity
MWG Financials (Business segment)
What are P2E Games?
Play-to-Earn or P2E Games are online games where players are rewarded with digital assets with real-world value. These rewards may come in form of tokens or NFTs.
Play-to-earn is garnering more attention as cryptocurrencies becoming popular all over the world.
Will you use single-token or dual-token model in your games?
A single-token model will be used in all of our games focusing on $MWG as the native token.
Are P2E games sustainable?
Yes, if done in a correct way. We have built an ecosystem where money doesn't only come from the new players but added additional sources of income.
What is a token burn?
Token burn simply refers to taking out tokens from circulation and sending it back to the "black hole" issuer address decreasing the overall supply of the token in the market.
How much will be allocated for burn?
0.5% of every transaction within the games will be allocated for burn.
Since the game is still in development, does that mean the burn mechanism hasn't started yet?
Yes, but to compensate for that, we have introduced rewards programs to ensure holders are incentivized by holding $MWG long-term.
Does MWG have a burn mechanism?
Burn mechanism will be implemented in all of the games developed by MWG.
How does this benefit $MWG holders?
By taking out tokens from circulation, we are creating a scarcity in supply to meet the demand which results in increase in value of the tokens over time as long as other factors remain constant. This is called the law of supply and demand.
What are rewards?
Rewards are those with monetary value which are given to holders and users of $MWG ecosystem. As of now, there are two (2) reward programs in place while the other one will be implemented at game launch, to wit:
Staking rewards (on Bitrue platform)
Holding rewards (DEX and [CEX - not yet available])
P2E rewards (through playing games - not yet available)
What is a Staking Rewards Program?
Staking Rewards Program is the distribution of rewards in the form of $MWG to those who staked their tokens in Bitrue's Power Piggy. Staking is the process of locking up your tokens to earn rewards. By staking your tokens, you can earn additional $MWG tokens each day. You can access it by clicking through this link.
What is a Holding Rewards Program?
Holding Rewards Program is the distribution of rewards in the form of $XRP to current $MWG holders either in DEX or CEX (Not yet available for CEX).
What is a P2E Rewards System?
P2E Rewards System is the distribution of rewards in the form of $MWG to those who earns it by playing games in the MWG ecosystem.
Is there any schedule for these rewards?
Schedule of distribution of these rewards varies as follows:
Staking Rewards Program - Each day
Holding Rewards Program - Random (from a day to a month)
P2E Rewards System - Dependent on in-game condition
How do these rewards programs benefit $MWG holders?
These rewards programs are our way of rewarding holders of $MWG. This will incentivize investors on holding $MWG long-term. Regardless of they play or not, they can be rewarded in various of ways.
What is MWG Financials?
MWG Financials is MWG's business segment focusing on income-generating activities of the project other than those revenues coming from its main operation.
What are these income-generating activities?
Activities include, but not limited to, the following:
Where will these profits used for?
Profits earned from these activities will be used to buyback and burn tokens. This will create a new source of income for the investors as rewards while appreciating the value of the tokens making the MWG ecosystem sustainable and future-proof.
Will there be any new tokens to be issued?
No, there won't be any new tokens to be issued. This is a business segment connected to MWG.
Whitepaper and Website Launch
1st Airdrop Commencement
Weekly Updates of our 1st Game
STAGE 1 - START-UP (Q4 2021)
STAGE 2 - CEX LISTING, 1ST GAME DEPLOYMENT AND MARKETING PUSH (Q1 2022 - Q1 2023)
1st CEX listing
Rewards Systems Implementation
Marketing campaigns Partnerships
1st Game Deployment
Ask Me Anything (AMA)
STAGE 3 - MORE GAME DEPLOYMENTS AND BEYOND (Q2 2023~)
More Game Deployments
More CEX listings
news and updates