In P2E games, every studio looks at a successful and stable token economy in a different way. Some think that rocketing token price defines success while others are focused on stabilizing the token price and not expecting any unwanted surprises.
There are a lot of factors that define a stable token economy. For P2E games, player satisfaction and the project reaching its full potential is the strongest factor in any token’s success.
Additionally, the token’s utility also plays a vital role such as high returns, staking rewards, and unlocking more earning opportunities.
Challenges to P2E Economies
Every studio that enters the P2E domain is concerned about finding a way that can monitor the adequate supply and demand. As governments take measure steps like increasing interest rates and introducing new tax policies to control inflation.
P2E games use similar tactics to stabilize token economies. The challenge they face is that fiat currencies have much more trading volume than cryptocurrencies. Research by the FoF team shows that almost 70% of the users swapped the crypto they earned from NFTs and P2E games, etc. into fiat currencies.
Fables of Fyra: The Awakening | A Stable Token Economy
Fables of Fyra is taking a different approach to creating a stable token economy – a unique and truly sustainable one.
Unlike other economies, Fable of Fyra utilizes flexibility that ensures that that economy is truly independent of the actions of participants.
The Fyra Oyer (2) token system makes sure that $CAVE (P2E) is stable ad $BAAH (premium token) is utilized in the best possible way.
See The Fables of Fyra Economy explained in their own words in detail.
To elaborate on how Fables of Fyra’s stability principles work, let’s see the tactics they designed to achieve these results:
- Metered Token Creation
More lands may be made available if demand outstrips token production, as was the case with the Gold and Silver Land Key Sale. Finer modifications can be performed by changing the token generation multiplier that is applied to all lands if demand is only marginally outperforming token generation.
- Variable Token Drains
Most of the time, P2E games lack data that predicts how the users will react to particular changes in the economy. This causes most of the P2E to fail. Fables of Fyra is overcoming this challenge by equipping the Fyra Oyer system with an adjustable burn mechanism.
This way, the desired results will be achieved without depending on the participant’s behaviors and actions.
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