Earn Tower Token by Playing Games — KuCoin AMA With Animoca Brands Group CTO

2021/05/21 09:35:15

Dear KuCoin Users,

Time: May 19, 2021, 11:00-12:04 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with Yusuf Goolamabbas, Group CTO of Animoca Brands — developer and publisher of TOWER Project, in the KuCoin Exchange Group.

Project Introduction

The TOWER token is an exciting project that combines Free-to-Play with Play-to-Earn, allowing you to earn TOWER simply by playing the F2P games Crazy Kings (iOS) and Crazy Defense Heroes (Android and iOS).

TOWER is an ERC-20 fungible utility token for the Crazy Kings game franchise: Crazy Kings, Crazy Defense Heroes, and soon an upcoming blockchain game.

TOWER is an initiative by Animoca Brands that aims to maintain balance and equitability in traditional Free-to-Play games while introducing several benefits of blockchain such as NFTs, DeFi, and governance.

Official Website: https://crazydefenseheroes.com

Lightpaper: https://lightpaper.crazydefenseheroes.com

Follow Tower Token on Twitter and Telegram.

Guest:

Yusuf Goolamabbas — Group CTO of Animoca Brands

Yusuf is the Group CTO of Animoca Brands, and also the Head of the Growth Marketing team. He manages relationships with strategic partners like Apple, Google, Amazon, and Facebook, and provides engineering and marketing guidance to the subsidiaries of Animoca Brands, including TicBits, Pixowl, Gamee, nWay and Quidd. He is keen to bring as much academic knowledge and working experience as possible to his role at Animoca Brands.

Q&A from KuCoin

Yusuf: Thank you for introducing me to the excellent KuCoin community. Glad to be here for this AMA.

Q: What is the TOWER project?

Yusuf: The TOWER project is the basis of an initiative by developer and publisher Animoca Brands to blend traditional Free-to-Play gaming with the Play-to-Earn potential of blockchain gaming.

The goal of TOWER is to build a system that attempts to maintain balance and equitability in traditional Free-to-Play games while introducing several attractive benefits of blockchain, including non-fungible tokens (NFTs), decentralized finance (DeFi), and governance.

The TOWER project kick-started on February 16, 2021 and various events were held for our mobile gamers in Crazy Kings (CK) and its sequel Crazy Defense Heroes (CDH) to achieve blending free-to-play gaming and blockchain gaming and get to our goal of bringing play-to-earn to a wider audience.

Q: How can we earn TOWER by playing the mobile games CK and CDH?

Yusuf: Since the TOWER project launched, we held two Grand Tournament Colosseum events for our loyal fans in Crazy Kings. 912,100 TOWER were distributed to winners in the events and there were a total of 58 winners to share the glory.

For the Crazy Defense Heroes, we used a different mechanism to let our fans earn TOWER by using XP gain during a certain time period. This would allow easier participation for new players to the mobile game. 600,000 TOWER will be shared by all those who achieved the conditions.

We are planning other play-to-earn initiatives and shall be announcing them when they are finalized.

We encourage our gamers to continue playing our mobile games and we will make announcements from time to time for mobile game-related events to let them win TOWER tokens.

Q: What are the pain-points that the project is trying to solve?

Yusuf: We hope that we can provide the opportunity of Virtual Asset Ownership (true digital ownership) to players.

Almost everyone who plays video games today buys some form of virtual goods, including virtual cars, character equipment, and “skins”. And most of these players, quite reasonably, think that they own the virtual goods they purchased with their hard-earned money but they don’t. That ownership of the vast majority of virtual goods is merely an illusion that can evaporate in a moment — regardless of the amount of money invested.

In effect, the games industry is renting virtual goods to players. That’s not ownership.

We believe that the games industry is being held back by antiquated practices of “rental ownership” and that gamers prefer to have proper ownership and control over virtual goods — which translates to higher value for those goods. Such ownership can be delivered by adoption of non-fungible tokens (NFTs), a type of cryptographic token used to represent a distinctive digital asset on blockchain (e.g. a magic sword or a racing car).

Q: What would be the true digital ownership represented in the TOWER project?

Yusuf: There are various token utilities listed in our TOWER Token Lightpaper. One of them is using TOWER to purchase digital goods that fully belong to you such as TOWER chests to get TOWER game cards. You own all these fully and you can do whatever you like with them such as keep them, sell them, gift them as long as you have the true digital ownership in your crypto wallet.

Unlike traditional video games and mobile games, if there is no in-game marketplace, it is impossible to trade and transfer what you “own” within the games. With the support of blockchain technology, you can do anything in your crypto wallet and even leverage any existing blockchain marketplace to sell your own blockchain items directly without being hindered by the game developers.

Q: What is the project roadmap? What will we be expecting in the near future?

Yusuf: For the first TOWER chest sales, we prepared a total of 6,500 chests which shall contain NFTs of game cards including TOWER Cards, Spell Cards, Hero Cards and Equipment Cards. These NFTs shall have utility in our blockchain game with staking reward in the future.

We are building a system which shall allow users to link their in-game identity to a blockchain wallet to allow for earnings within the mobile game to be visible on a website and also claim those earnings in the future.

We are hard at work building the blockchain version of the game which will utilize the NFTs included in our TOWER Chests, the sales of which we started with the first 10% of the supply sold recently.

Q: The first TOWER chest sale was over on Monday, May 17, and the community was so excited about it. Can you tell us more about it?

Yusuf: We decided to sell only 10% of the chests we prepared at 00:00 am (UTC) on Monday, May 17, 2021, and the Gold TOWER chests were sold out almost instantly. All the transactions were completed in 2 minutes. The Silver TOWER chests were sold out very soon and all transactions were completed in 10 minutes. The total transaction value of the sale on May 17, 2021 was 2,470,000 TOWER, i.e. about USD 114,277 at the time of the sale.

We are working on the schedule of the next sales and plan to have sales starting at different times so that it is more accessible to community members in different timezones.

Please stay tuned for announcements about our subsequent sales.

Q: TOWER is built on ERC20 and the gas fee is getting high lately. The community would like to know if there is any long-term plan to use a different chain to alleviate the expensive gas issue?

Yusuf: Various teams in Animoca Brands are investigating scaling solutions such as Polygon, Immutable X and we also have partnerships with other chains such as Flow and Harmony. Currently the TOWER team has nothing to announce on this specific issue.

Q: Can you tell us more about the collaboration with blockchain partners such as SuperFarm or Binance Smart Chain?

Yusuf: Both SuperFarm and Binance are great partners and we are in early discussions with them but there is nothing specific to announce at this point. We want to bring something which adds value to all parties in the ecosystem and therefore this is taking longer to finalize.

Free-Ask from KuCoin Community

Q: For a project development first of all main priority is having enough funds. Is your team financially capable of running this project? Do you have enough funds for its development? Can you tell us how your project generates profit?

Yusuf: I'm very privileged to be part of Animoca Brands which is backing this project. Recently we did a capital raise which I think should help to alleviate concerns wrt our financial backing. Couple of links:

https://cointelegraph.com/news/nft-game-developer-animoca-brands-completes-capital-raise-at-1b-valuation

https://ysiu.medium.com/a-unimoca-moment-8097f37aaa17

https://venturebeat.com/2021/05/13/animoca-brands-raises-88-million-at-1-billion-valuation-to-capitalize-on-game-nfts

Q: So the NFTs we will get on your platform or in game can we sell them on different platforms or is it only your platform that we have to use to sell them?

Yusuf: These NFTs can be traded on NFT marketplaces such as OpenSEA.

Q: What are the marketing strategies of your $TOWER token project? What will you do so that your project will be visible in the crypto field and people come to explore your project?

Yusuf: TOWER is under the umbrella of Animoca Brands which has launched other tokens such as REVV, SAND, GMEE and LYM. We are working within our corporate ecosystem to promote TOWER to these communities which are growing.

Q: Is the platform safe to invest in? How strong is your security? Have you already done an audit of the platform?

Yusuf: The TOWER smart contract has been audited by CertiK:

https://crazydefenseheroes.com/static/media/CertiK_Audit_Report.2101b8f7.pdf

Q: I learned you guys already sold out all the TOWER Chests. Is there any chance of round 2 Chest selling? And in which cases can I use the Chests? Why do you make three categories of the Chest? What facilities can Gold Chest provide that Silver Chest can't?

Yusuf: Stay tuned. We only sold 10% of the Chests so far. There shall be a subsequent round of sales and stay tuned to our channels to know when it will be held.

The different tier of chests have different drop rates for the rarities of NFTs within them.

Q: Is there anything else you would like to share or you want us to know?

Yusuf: I'm very grateful for the opportunity to speak with the esteemed KuCoin community and share a bit about our TOWER project. I encourage members of the KuCoin community to join the TOWER community and I shall be providing some links to our various community channels.

TOWER Token

Telegram: https://t.me/TowerToken

Twitter: https://twitter.com/TowerToken

Facebook: https://www.facebook.com/TowerTokenAB

Lightpaper: https://lightpaper.crazydefenseheroes.com

Web: https://www.crazydefenseheroes.com

Crazy Defense Heroes

Twitter: https://twitter.com/CrazyDefenseEN

Discord: https://discord.gg/jTndVAKvYc

WeChat: https://www.crazydefenseheroes.com/wechat-qr.jpg

Weibo: https://weibo.com/CrazyDefenseHeroes

Facebook: https://www.facebook.com/CrazyDefenseHeroes