How to Earn Token Rewards by Competing in On-Chain Games with Elympics
Why choose Elympics?
Compared to traditional Web2 games, Elympics offers three major upgraded experiences:
- On-chain transparent competition: The results of the competition are verifiable on-chain, preventing cheating.
- Tokenization incentive mechanism: Transforming technology into income through the “Play2Win” model.
- AI Data-Driven Future: Supporting Agent-vs-Agent and AI Coach Training.
Elympics allows you to be more than just a player; you are also an ecological participant and builder.
How can players participate in the competition?
The games on Elympics adopt a “Play-to-Earn” model:
- Players pay an entry fee (supports stablecoins or $ELP) to join PvP matches, tournaments, or leaderboard challenges.
- Winners can earn a share of the prize pool, and Elympics takes a maximum of 7% protocol fee.
- By staking $ELP, you can enjoy privileges such as instant entry without waiting, reputation enhancement, and participation in high-stakes events.
Each player has an on-chain identity and a “reputation score” to encourage fair competition, and malicious cheating will result in a deduction of the deposit.
What is the use of the $ELP Token?
The native Token $ELP of Elympics has the following functions:
- Game Access: Developers need to stake $ELP to access the platform
- Node operation: Operators need to stake $ELP to host the competition.
- Locking up for airdrops: Users can stake to participate in airdrops and ecological rewards.
- Burning Payment: Payment and burning of $ELP is required for actions such as request replay, using advanced features, etc.
- Governance power: $ELP holders can vote on upgrade proposals.
Opportunities and Monetization Models for Game Developers
Developers can quickly build on-chain competitive games through Elympics, with advantages including:
- Quick Deployment: SDK supports seamless construction of multiplayer games and smart contract integration.
- Sources of income: extraction of entry fees, event commissions, Token appreciation
- Advertising Cooperation: Introduce brands or IP to provide a sponsorship rewards pool
Elympics supports automatically converting a portion of game revenue into $ELP for locking, ensuring long-term ecological compliance.
Nodes, Community, and Governance Mechanism
- Node: Provides hosting and verification services, earning service fees and token rewards.
- Community members: Staking to participate in airdrops, hosting competitions, governance proposals
- Security mechanism: Malicious nodes and cheating developers will be punished (forfeiture of staking).
- Governance process: Proposal > Voting > Multi-signature execution, decentralization gradually strengthened
Conclusion
Elympics is a Web3 gaming platform that integrates competitiveness, transparency, and economic incentives. Whether you are a player, developer, or node operator, you can find your role and value. Seize the new opportunities of Play2Win and monetize every action!