Alchemy World FAQ
1、Introduction
Alchemy World is a blockchain game platform that integrates DeFi+NFT+FOMO. Players can get corresponding token rewards and income by participating in the game.
2. Concepts
Alchemy World Concept
- The alchemy world aims to put many outstanding innovations in the industry into practice in the field of NFT. In order to increase the fun of the gameplay, the NFT is designed into 5 levels, with different skills and rights which are given to participate in the game and the yield farming pool.
- The innovative concepts of the Alchemy World include DeFi token security interest, NFT will become valuable as circulation decreases, DAO supervised mechanism, algorithmic stable currency, smart contract mutual swap and open voting governance.
- Alchemy World hope to introduce NFTs with crypto value and playability to the blockchain world.
3、Token economy of Alchemy World
There are three tokens in the Alchemy World, including:
1. Rich-key (KEY) issued based on ERC-721
2. Fire and Fe issued based on ERC-20; as the eco-incentive layer of the Alchemy World, the alchemy system with the underlying structure of smart contracts will be replaced or destroyed, and make tokens valuable.
3. NFT amount：50,000；Fire tokens: 3,100,000; Fe tokens: 10,000
NFT Supply ：
100% drawn by users through ETH
Fire Supply ：
Mining(88.71%):2,750,000 Fire
PreSale & Whitelist (8.06%):250,000 Fire
Community(3.23%):100,000 Fire
Fe Supply ：
Mining (100%):10000 Fe
4、Alchemy World Team Introduction
The team members of Alchemy World are composed of members who participated in the early stage of encrypted crypto asset investment and the development of Ethereum.
Core members include: early investors in Ethereum, investment projects include public chains, exchanges, blockchain ecological applications, etc., participants in Ethereum technology development, who have developed multiple blockchain projects, and professional blockchain operation persons and global marketing team.
5、Alchemy World Tutorial
6、How to participate in the NFT Extraction:
NFT Extraction:
1. Send ETH to the contract and extract NFT
2. Randomly get five levels of NFT (V1 Iron key, V2 Aluminum key, V3 Copper key, V4 Silver key, V5 Gold key)
3. When the player extracts NFT, he can get the corresponding Fire at the same time
4. Players can also purchase Fe on exchange to swap NFT
5. NFT extraction is divided into ten rounds, and the total number of NFT in each round is 5000. (The draw ratio of NFT and Fire can be found in the white paper.)
How to extract:
For example, when a player takes 1 ETH to draw NFT for the first time, 1 ETH can get 10 NFTs, and the player will get 1,000 Fires for free according to the ratio of NFT to Fire extracted by the smart contract, which is 1:100. When the price of NFT and Fire rises, players will get rich profits.
7、How to participate in NFT Staking:
1. Send NFT Token to the Staking contract
2. Confirm Staking
3. Receive staking revenues-view Staking revenues in Dapp
The partner tokens obtained by players participating in NFT Staking are all ERC20 tokens. The number of revenue tokens and the pledge period will be determined by the partner’s mining pool. At the same time, different levels of NFT have different hashrate, and the revenue distribution of stacking will divide the mine pool income according to the total productivity of the pledged NFT token in the whole network. (Staking personal revenues = Sum of pledged NFT productivity / Sum of pledged NFT productivity of the whole network * mining pool revenues distribution/Second)
Alchemy World will open NFT Fomo and algorithmic stable currency related gameplay, cooming soon.
8、How to participate in the Alchemy World mining pool
Genesis Mine Pool:
Players in the Genesis Pool can destroy Fire to get Fe Token. The total supply of the pool is 1,875 Fe.
How to join the mining pool:
1. Send Fire to the destruction address
2. Execute the destruction contract
3. Get Fe
4. View Fe mining income in Dapp
Fe supply reduction cycle:
Initial 1000 Fe, second week 500 Fe, third week 250 Fe, fourth week 125 Fe, APY will be halved every week.
Revenue per second = number of Fire destroyed/pool number of Fire destroyed * pool output per second
Mining duration: The duration of the destroy Fire will remain valid until the end of the pool release cycle
Mining calculation power: Number of Fire destroyed (Fire) = calculation power size (T)
When the mining address is more than or equal to 100,
Personal computing power = number of Fire destroyed
total computing power = the sum of all address computing power
Mining yield = personal computing power/total computing power * pool release Fe per second
When the mining address is less than 100,
Personal computing power = number of Fire destroyed * range factor
total computing power = the sum of all address computing power
Mining yield = personal computing power/total computing power * pool release Fe per second
V2 LP-Pool：
V2 mining pool participation:
Pledge Fe/ETH LP to dig Fe
How to join the mining pool:
1. Send Fe Token and the corresponding ETH to the Fe Token/ETH trading pair liquidity pool
2. Swap Fe Token/ETH LP Token and issue a pledge mining request
3. Check Fe mining revenues in the mining pool
V2-LP rules：
Mining calculation power:
Number of Fire destroyed (Fire) = calculation power size (T)
Redemption:
Users can redeem the pledged B Token/ETH LP Token at any time, and withdraw mining revenue.
When the mining address is more than or equal to 100，
Personal computing power = number of Fire destroyed
total computing power = the sum of all address computing power
Mining yield = personal computing power/total computing power * pool release Fe per second
When the mining address is less than 100,
Personal computing power = number of Fire destroyed * range factor
total computing power = the sum of all address computing power
Mining yield = personal computing power/total computing power * pool release Fe per second
When the number of players addresses in the pool is less than 100, the pool will be allocated as the default revenue. When the address is more than 100, the pool will be allocated as the range.
Dynamic range will be updated as each player enters: Revenue per player = pool revenue per second * computing power/total power
9. How can I follow the latest developments of Alchemy World：
Twitter：
https://twitter.com/alchemy_world
Medium：
https://medium.com/@alchemyworld
Youtube：
Telegram channel
Telegram Group
LinkedIn：
https://www.linkedin.com/company/alchemy-world
Facebook :
https://www.facebook.com/Alchemy_World-101557395167230
10、How to make profits in Alchemy World
Fe is the most important, original and safe utility token in the alchemy world ecosystem. Fe token is a transferable representative for managing the specified attribute functions in the smart contract code of the alchemy world ecosystem. Therefore, Fe tokens are the medium of exchange between participants in the alchemy world ecosystem.
In Alchemy World, the way to make profit are: trade NFT, destroy Fire to get Fe, or trade Fe on exchange.
How to make money with NFT：
1. Use ETH to randomly draw NFTs. NFTs will be divided into five levels V1-V5. As the level getting higher, the quantity decrease and the price will increases.
2. Participate in NFT Staking, and players can use NFT to participate in partner token mining to obtain revenue
3. Purchased Fe on exchange and swap with NFT to participate in the follow-up NFT ecology, or NFT can swap with Fe to get profit.
4. The NFT Fomo and the algorithmic stable currency ecological will be opened soon. Players can use NFT as a participating medium to get income and participate in ecological mining.
How to make money with Fire
Destroy Fire to get Fe and trade on exchange to get profit
How to make money with Fe
1. Trading Fe on exchange, gaining corresponding benefits through price growth
2. Participate in the uni liquidity pool of the Fe Token/ETh trading pair to get Fe
Make money through official activities
1. Reward distribution of in-game activities, NFT and prizes;
2. Participate in social marketing activities and get airdrops
3. Hold the partner tokens to swap the Alchemy World Ecological Token
4. Receive token rewards by becoming a volunteer in the project community
11、How to guarantee the long-term value of NFT in Alchemy World
The team set the total amount of NFT at 50,000, 100% of which is minted through the contract and will never issued additional shares. In the Fire and Fe token economy system, NFT will always participate as an intermediate role in value circulation, which will become the stable value support of NFT.
At the same time, NFT can also be used as a medium for the decentralized financial ecology of the alchemy world. The team will continue to launch DeFi applications related to NFT in the future, such as NFT yield farming pool, NFT Fomo, NFT Staking, NFT lending, and NFT algorithm stable currency. The diverse ecology will help NFT holders to get more benefits.
12、What is Road Map of Alchemy World ?
The development of Alchemy World will be divided into multiple stages. In each stage, we will complete certain updates to bring players more experience.
The First Stage — Development & Promotion Period
Alchemy World interface completed
Develop the NFT DeFi eco-economy model
The team researched and added algorithmic stablecoin concept
Find partners and reach cooperation and launch various marketing activities
The Second Stage — Test Period
Alpha version released at all stages of the Alchemy World platform
Launch registration and invitation rebate mechanism
Lanche Rich-key on the NFT trading platform
Collect user test feedback and improve
Continue to develop other NFT games and expand NFT applications
Start algorithmic stablecoin development
The Third Stage — Official Release
Start the ETH lottery to exchange NFT Rich-key and start issuing Fire
Launch Fe/ETH LP mining pool
Launch NFT Staking
Platform constraction completed, list on exchanges & start trading
Announce the basic idea of algorithmic stablecoin
Lanche partner’s liquidity mining pool
Determine the prototype of NFT Fomo game development
The Fourth Stage — Functional Improvement of NFT Application
Lanche Swap/cast contract function
Optimize the NFT Staking/Fomo function
Added NFT co-branded theme play
The Fifth Stage — Develop and algorithmic stablecoin function
Build algorithmic stablecoin system architecture
Develop algorithmic stablecoin liquidity mining pool
Design of triangle eco-concepts: ALC Cash, ALC Share and ALC Bond
Complete the algorithmic stablecoin test and list on exchange
Note: The road plan is subject to change according to the project progress of Alchemy World team. If there is any change, please follow the official announcement.
