Economic Structure
The Economic Structure and Models of any Organisation are the Bedrock and Foundation that plays a significant part in the Company's ability to Withstand Time. In the cases of Blockchain and Decentralized Economies, it's more difficult to Develop a Sustainable Structure, especially with Scalability at its end.
Therefore, Strategizing an Economic Model is usually the Toughest and Longest task of Every Decentralized Ecosystem requiring Constant Evaluation, Review, and Refinement. This is where PortalsX marks our Ground Firmly.
Contrary to the Popular System in which Millions of Web 2.0 Games and Entertainment companies Deploy their Economic Structure, (Generally Constituting a Model of Increased Quality + Greater Reach = Increase in Company's Revenue), PortalsX is focused on How we can Improve the Quality of Life of Our Players and Must think in terms of (Economic Quality + Greater Reach = Premium Efforts to Stabilize)
Consequently, this is a summary of Current PortalsX Economic Structure:
Demand & Supply (Product's Coefficient):
This Model involves that a Coefficient is attached to Every PortalsX Product which is Influenced by Supply and Demand. Essentially, when Supply is High, the Co-efficient Detects this signal and works in Real-time to Update the Value of Every PortalsX Product in Our Marketplaces. The Coefficient is Of course Powered by Smart Contracts and after Deployment, can receive Zero Manipulation from PortalsX. By Working Hand-in-Hand with Players, we hope to Create a Sustainable and self-Stabilizing Economic Structure that can Withstand the Test of Time, and Nothing ever Beats Good-old Demand and Supply, even if a Recreated Version of it.
At First Sight, this Structure seems to be Not Decentralized but when you Study Deeply the Kinematics at Work, you would get a Better Idea. Let's Review a Few Points;
A Smart Contract (Code) Controls this Mechanism and would be Illustrated through User Interface Gameplay to Players
PortalsX has no Ability to Control the Market Price once this Structure has been Deployed
Decentralization means that no Considerable Power Wielding Group of Entity can Contol Market Advances in their Own Favour, The Company Cannot, Any Group of Player Base Cannot Solely Drive Prices of Products (such as NFTs) up or Down, The Contract Guy is Not an Entity because he Does not Work in Anyone's Favour.
Every player's actions Contribute to the Realtime Coefficient Calculated on PortalsX Products. This represents both Decentralization(in its truest meaning) and a Usecase of Blockchain to Better Stabilize Our Economy.
Also, Note that Players would Never be Required to Adhere to the Co-efficient Updates in real-time, and can choose to Trade however they Decide.
With Sole Discretion, that we(PortalsX) will Continually Review any Significant Element of the Ecosystem.
Covalent API
The Covalent API is a Unique API that tracks Historical Data Across Over 40 Blockchain Networks today. The Covalent API provides a Simple and Intuitive way for Blockchain Apps to access, extract, Gather Insights and Analyze any Blockchain Related Data across Crypto Price Movement, User Engagement, and app-Related Transactions and Unlocks other Flexible ways of Data Analyses.
We think that this Resource will be Valuable and Priceless for how we Handle Major Economic Structures and decisions, as it will further align with Our Building Model of; Constant Iteration and Experiment. PortalsX Multiverse will begin the Integration of the Covalent API with Respect to Solana Blockchain in our Initial Alpha Release Stage by Tracking relevant Data Specific to Our Project and Applications. We hope to fine-tune this Model and Gather Monthly Data Insights to Support and Strategize with the Goal of Building a more Sustainable Ecosystem that will Stand the test of time.
External Collaboration
Every Strategic Partnership made has an Equal Possibility to Play Benefits on Both Sides of the Partnership, and this would the Mindset we take on when Entering Partnerships, Not to Become the Sole Winner, and Neither to Withdraw too Early by Looking at all Dark Points.
PortalsX is Building an Interoperable Ecosystem of Blockchain-Powered Experiences, many of which are concepts generated from the Interactions we've had in Our Everyday Lives and could be extended back to Such, by Collaborating with Web 2.0 Societies and organizations.
These Partnerships could bring Multiple Benefits across Showcasing Blockchain's Evolvement and Innovation, Onboarding more Players from Web2.0 Communities, and Propelling PortalsX to more Value Generation.
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