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New Partnership Pushes Sustainable Game Economy via Binance-Backed Mavia and World-Leading Machinations

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The “Verified by Machinations” seal from the world-leading game economy platform will demonstrate Mavia’s commitment to strive for a healthy in-game economy

Hanoi, Vietnam–(Newsfile Corp. – March 24, 2022) – Heroes of Mavia, a blockchain-based play-to-earn massively multiplayer online (MMO) strategy game developed by Skrice Studios, has officially joined Machinations’ Game Economy Health Monitoring Service as it aims to build a sustainable and healthy in-game economy.

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Mavia is undergoing a thorough process involving large-scale simulations for different scenarios and testing for inflation and deflation events. It will receive the “Verified by Machinations” seal upon meeting the criteria of the world-leading game economy platform. Even after that, Machinations will continuously monitor Mavia’s game economy based on live telemetry and Web 3.0 market data to help developers fix any potential issues.

Ever since the team at Mavia started using Machinations, we’ve been impressed with their commitment to delivering a perfectly balanced game economy to their fantastic community. As of today, we’re excited to have them go through our Game Economy Health Monitoring process and support them in building & maintaining a healthy game economy for Heroes of Mavia,” said Mihai Gheza, Co-Founder and CEO of Machinations.

In the play-to-earn gaming sector, complexity increases exponentially when game developers deal with crypto and Web3’s new paradigms like utility assets, AMMs, liquidity pools, DAOs and volatile market conditions. Machinations’ Game Economy Health Monitoring Service provides developers with the tools and insights to build and maintain a healthy game economy and avoid economic pitfalls.

Tristan Chaudhry, Managing Director of Skrice Studios, said, “At Mavia, we are determined to create the best experience for our players. Our standards demand the best graphics, and the game economy must be sustainable long-term. We are pushing the boundaries of what it means to make a AAA quality blockchain game. We are partnering with Machinations to validate Mavia’s economic health and obtain the Verified by Machinations seal.”

Maintaining a sustainable in-game economy is crucial to Mavia’s long-term success as it is shaping up to be one of the biggest P2E games focusing on esports and competitive gaming. A healthy game economy provides players with opportunities for economic advancement within the game setting while also generating revenue for the DAO. The “Verified by Machinations” seal reflects the balance between these two purposes.

Tristan further added, “Machinations will give our team the ability to simulate and test the game economy during development and continuously monitor the game economy in production. The Mavia team has been working with Machinations to drive the standard for the future of all Web3 games. With this partnership, Mavia is showing our dedication to our community to maintaining standards on all aspects of the game.”

Backed by Binance and Crypto.com Capital, Heroes of Mavia delivers AAA quality graphics and brings cutting-edge features to GameFi. It allows every base in the Mavia ecosystem to be live streamed during attacks and defenses. All the battles are permanently recorded and can be viewed by anyone, forever. It promises to change the NFT gaming landscape with its intricate mechanics, exciting gameplay, and unique monetization features.

About Machinations

Founded in 2018, Machinations.io is the first and only browser-based platform used by more than 35.000+ professionals to design and predict game economies & systems for premium, free-to-play, and play-to-earn games. Machinations originated as a PhD research at the University of Amsterdam in 2012 by one of the co-founders. It has since spread organically through more than 400 academic institutions across the planet. With a fast-growing open community building in public and rolling out integrations with the most popular telemetry providers & markets, the platform is set to become the standard for game economy modeling, forecasting and optimisation.

For more information, please visit: Website | Twitter | Discord | YouTube | LinkedIn

Media contact

Dana Gheza
[email protected]

About Mavia

Heroes of Mavia is a play-to-earn MMO strategy game developed by Skrice Studios. The game takes place in a fantasy-themed island called Mavia, where players build bases on plots of land and battle neighboring bases and armies. Players must strategically place defensive buildings on their base such as walls, turrets and traps, in order to defend against opportunistic attackers looking to steal resources. Resources can also be stolen from rival bases through attacking opponents with land troops, vehicle and air units. 

Media contact: 

Nania Tran
[email protected]

For more information, please visit: Website | Twitter | Telegram | Discord

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117979

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Alpha Transform Holdings Releases March Report on ASC AI Index

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Blockchain

Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins

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In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.

Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.

Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.

Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.

Source: blockchain.news

The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.

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Blockchain

Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests

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Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.

The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).

To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.

The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.

Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.

Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.

Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.

Source: blockchain.news

The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.

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