Guild: Play-It-Forward (PIF) DAO— Scaling GameFi to New Highs

For illustration purposes only
Source: 2020 Mobile Gaming App Report by Liftoff
For illustration purposes only
Source: https://playercounter.com/axie-infinity/
Source: 2019 OurWorldInData & World Bank Data
For illustration purposes only
For illustration purposes only
  1. Lack of Trust — The relationship between guild managers and scholars began as strangers. It is challenging for onboarding scholars to trust someone they have never interacted with. Furthermore, because of their tight economic background and the need for immediate cash flow, they tend to be afraid of putting in the time and effort and risk not receiving any payments. This can potentially put off potential scholars from onboarding.
  2. Poor Scalability — The end-to-end process, which includes application submission, interviewing, matching, liaising, coordinating, tracking, payment distribution and etc., is done manually. This is a very time-consuming task and the process is very prone to human errors, which potentially puts a dent in the trust that scholars have in the guilds and limits its scalability.
  3. Lack of Capital — Guilds, especially those that began at the grassroots level, may face capital constraints in meeting the rapid growth in demand for scholar positions.
The Play-It-Forward (PIF) Ecosystem
  1. Scholar Board & Job Postings — Digital marketplace for sourcing and matching among managers and scholars.
  2. Performance Tracking — Scholar dashboard for managers to automatically track and manage scholars.
  3. Payouts — Integration with exchanges to facilitate automated fiat payment to scholars in local currencies (e.g., PhP and IDR).
  1. Grassroots Experience as Guild Managers
P2E Board and PIF Guild Beta Performance
  1. It is a reliable alternative to bypass traditional banking facilities that have long neglected their financial needs.
  2. It is a strong boost to their purchasing power, allowing them to make any big purchases to improve their standard of living.
  3. It provides them with greater financial flexibility to tide over any emergency cash-flow situations.
  1. Index of Treasury NAV — A P2E index that directly represents the value appreciation in the PIF treasury. The PIF treasury is expected to accrue value in the following manner: a) price appreciation of NFTs owned and early-stage investments in GameFi, b) income generation by running profitable scholarship, and c) inventory management (e.g., breeding, etc.) programs. Note that PIF Guild is already a revenue-generating business.
  2. Platform Benefits —Guilds and players are to stake tokens in exchange for access to premium tools and services to manage their Metaverse journey seamlessly.
  3. Incentive Distribution — To align the community's long-term interest with the ecosystem's growth, high-performing scholars and members are rewarded with PIF tokens. Additionally, PIF holders can participate in staking programs to gain a share in the ecosystem's upside as the team executes on their strategic roadmap.
  4. Governance — Voting power will be proportional to the number of tokens held versus the overall circulating supply at the time of voting. As PIF evolves into a decentralized platform governed by guilds, players, and sponsors alike, the DAO will balance the interests of all stakeholders democratically and equitably. Proposals will be put forward and debated in the spirit of true cooperation to arrive at the optimal path for all involved.
https://whitepaper.playitfwd.io/dao-contributors/team-and-advisors

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Dickson Lai

Dickson Lai

Senior Research Analyst at Bybit Crypto Insights | Certified Bitcoin Professional | Crypto Enthusiast & Investor