Positive changes for a sustainable long term P2E game.
Originally posted here.
By: House Game
The Post
A lot has happened in the past few weeks, both inside and outside of the NFT industry. We’ve witnessed a lot of projects make mistakes and a lot of projects succeed, and we took note of all this.
With our smart contracts being fully developed, we were able to run tests and simulations so we can get more of a feel on how things will play out. We realized that the current yield rates and a few other mechanics needed some adjustments. We also noticed that the NFT market is pretty drained and we don’t want to make it difficult to get into the game.
In this article, we are going to go over all the changes we’ve made and what to expect on launch day.
Private sale One of the big changes we made was the price of our Utility Building. Since we adjusted the yield rates for all the houses, we also made an adjustment to the Utility Building price.
Old Utility Building price: 0.7 ETH
New Utility Building price: 0.35 ETH
We realized the market is drained and no one wants to pay close to 1 ETH for an NFT, despite justifications. We believe this is a fair price for what the Utility Building offers in House Game.
The prices to mint Houses will still remain at 0.07 ETH.
Public Sale We are no longer doing a Dutch Auction. We realized that this is not healthy for House Game long term, and we prefer a healthy and sustainable game over additional funds. Here are the public sale prices:
House price: 0.1 ETH
Utility Building price: 0.5 ETH
Yield rates After running simulations and tests, we figured out that we can improve House Game’s economy by adjusting the yield rates for all Houses. Here are the changes we’ve made:
Treehouse: 12 $CASH → 10 $CASH
Trailer: 14 $CASH → 12 $CASH
Cabin: 18 $CASH → 15 $CASH
One Story House: 20 $CASH → 20 $CASH
Two Story House: 26 $CASH → 30 $CASH
Mansion: 30 $CASH → 50 $CASH
Castle: 37 $CASH → 120 $CASH
Most of the low tier houses received small adjustments, but the high tier houses received more drastic adjustments. We believe this will create a healthier economy as we start introducing more utilization into House Game.
$CASH 1 $CASH = 1 $CASH
Our utility token is $CASH, and that is all that $CASH is. It’s only intended use is for gameplay within House Game. We do not intend to and will not provide a secondary market for $CASH.
The only way to earn $CASH is by staking Houses or Utility Buildings. $CASH cannot be purchased from any House Game developer.
Leaderboard After many discussions and consultations, we realized we have to make a few adjustments to our leaderboard. To even the playing field, we are working on creating and introducing competitions for landlords to rise within our leaderboard to then be rewarded. Due to this, we will not be launching the leaderboard mechanic upon launch.
It will take a few extra weeks for the leaderboard mechanic to be released. This provides time for initial $CASH yields to accumulate since in the launch of House Game, $CASH supply will be extremely low.
We will still be building the community reward pool using a portion of royalties we make from secondary market sales. This delay will NOT affect our community reward pool, but may potentially allow us to create a reserve for weeks where secondary market sales are low.
Conclusion We’ve made a lot of changes that we believe will positively impact House Game in the long run. We’re working closely with advisors to improve our ability to following various guidelines, which will help us protect House Game in the long term.
We have adjusted our website, whitepaper and discord to incorporate all the changes listed in this article.
If you have any questions or concerns, feel free to join our discord or email us .