Designed As A Move-And-Earn Lifestyle App

 

Introduction

The Moovy project was originally conceived as a move-and-earn lifestyle app capitalizing on the trend of Web3 applications in 2022.

The idea was to create a more logical gaming experience centered around cars, including repairing and tuning them. However, during the development process, the team discovered that they could create something even larger and more comprehensive.

This led to the creation of the Drivers Metaverse, a true ecosystem and metaverse made up of various mechanics that interact with each other. The BBSoft ecosystem products will provide the necessary operability to make the Metaverse work seamlessly.

GameFi Sustainability

Sustainability has been a hot topic at GameFi for the past year - and rightly so. Games have the potential to engage billions of players through fun and rewarding experiences on Web3. That rollout won't happen without game developers iterating on existing play-to-earn models, however.

Building a sustainable Web3 gaming economy starts with designing meaningful, interactive experiences that the player base can engage and connect with. These serve as the basis for the player's desire to play the game (fun) and means to do business (earn) through trading and cooperation. A game that players enjoy for its intrinsic experiential value provides opportunities to spend and be rewarded in-game.

From meaning comes value; from value comes earning. We believe that the solution to creating a sustainable GameFi economy where players can make money in all possible ways must be built on three core principles:

  • Principle 1 : Create a game that rewards players for dedication and skill, not just how much they are willing to put into the game financially. By actively playing the game and investing their time and effort into a Genopet, their NFT can appreciate the result of their hard work; and can be traded freely within the game's marketplace economy, with capital flowing in from other players willing to pay for a head start. This results in non-linear, skill-based earnings that are not dependent on increasing fungible token issuance.
  • Principle 2  : Facilitate the creation and exchange of value between players in a market economy where players must constantly make decisions about how to make money. Moovy fuels a creator economy of players trading in-game items for gameplay enjoyment and an opportunity to make money. In this way, the profitability of the economy relies on active use of the game on a daily basis as players buy, sell, or trade to play. As game publishers, we define what can exist, but it's up to the players to make that happen and to give value to the items they create.
  • Principle 3 : Create experiences (and NFTs) worth paying for! This allows for deflationary sinks to stabilize the in-game economy. Players are willing to pay for cosmetic items in Web2 games just for their aesthetics; Many other items are valued for their social proof or emotional value. Web3 Games has a unique opportunity to realize this value in real, meaningful terms for game creators, empowered to create and sell game NFTs for potential profit. A player reinvesting their earnings into customizing Moovy cars, workshops, avatars, or other enhancements could be monetizable attributes, with rarity increasing market value.

We anticipate that developing a game along these core principles will create a sustainable in-game economy based on value transactions between players, rather than revenue from unsustainable growth and inflationary fungible token rewards. A market-driven game rewards players for their engagement, thrives as a result of daily active use, and grows as players enjoy the game.


Wallet For Cryptocurrencies

Simply put, a cryptocurrency wallet is software used to store and manage your cryptocurrencies and tokens such as MGAS, MOIL, BNB and NFTs. They also allow you to interact with blockchain technologies.

Why do I need a cryptocurrency wallet to register an account with Moovy?

Moovy uses blockchain technology and therefore a wallet is required for you to interact with this blockchain technology. Your wallet will securely authorize your access to the website and will help you track all the transactions you have made.

It also acts as storage for any ERC-20 tokens you have from Moovy, such as MOIL and MGAS, as well as NFTs you own (ERC-1155).

For example, you might earn some MGAs through the Moovy play-and-earn (drive-and-earn) features and need a place to store them.

A cryptocurrency wallet gives you true ownership of anything you buy, earn or win in Moovy. You always have control and access to these virtual goods as long as you keep control of your wallet.

Tokenomik

The game world is based on an internal economy with 2 tokens, $MGAS and $MOIL, existing in the BNB network.

$MGAS is an unlimited issuance utility token that acts as a user reward. It can be used to cover part of the cost of minting and upgrading vehicles. $MGAS tokens can also be used as partial payment for opening new garages and gift boxes.

$MOIL is the governance token of the project and the main token of the entire BBSoft ecosystem with a capped issuance of 1,000,000,000 tokens. There are several ways to actually use these tokens: to cover some of the cost of minting and upgrading vehicles, and to open containers with cars inside. The $MOIL token is the main currency on the market.

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