MARBLEX hereby proposes the complete transition to a single, comprehensive game token called MBX Game Token (gMBXL). This proposal aims to improve user convenience and enhance the competitiveness of the ecosystem’s governance token, MBX, by departing from the original system where each game operated under independent game token systems.
▶ MARBLEX Tokenomics Status
Currently there are 4 types of game tokens that exist within 4 different games in the MARBLEX game ecosystem.
The current game tokenomics has been structured and operated based on the following fundamental principles.
A. Ease of use and Convenience: Game tokens are freely transferable in the service chains, enabling users to comfortably move them between one game to another within such chains.
B. Flexibility: Game tokens offer flexibility, allowing a single type of token to be connected to multiple games, and multiple tokens to be connected to a single game. Such flexibility represents one of the solutions to preserve the value of individual game tokens, while scalability will ultimately contribute to preserving the growth value of entire ecosystems, including the MBX token.
C. Independence: A token economy is established based on the distinct identity of each game, and to this end, every game token is operated independently.
In the early stages of the ecosystem when game tokens were first introduced, MARBLEX mainly focused on constructing and operating independent token economies for each game. These economies were tailored to align with each game’s characteristics, including factors like genres, target users, etc. This framework was instrumental in shaping the foundation of our tokenomics.
After two years of extensive experience operating these tokenomics, MARBLEX successfully achieved the initial goal; creating independent ecosystems based on each game’s characteristics. However, there were areas for improvement deemed necessary to further enhance the ecosystem’s top priority, which includes activation, expanding token utility, and improving user convenience.
▶ Proposal Summary and Expectations
Within the framework of our core values, our goal is to reform our tokenomics by improving potential weaknesses, while also leveraging the strengths of the existing structure of individual game tokens. Specifically, this involves securing user convenience through seamless transfer of game tokens between games and preserving the value growth of the ecosystem by ensuring the flexibility and scalability of game tokens.
Through this process, MARBLEX proposes the consolidation of all game tokens into gMBXL enabling direct utilization of MBX tokens within games.
■ Game Token Consolidation: gMBXL
MBX Game Token (gMBXL) has a 1:1 exchange rate with MBXL and is directly linked to the games serviced within the MBX ecosystem, and aims to enhance in-game tokenomics.
In order to strengthen tokenomics, gMBXL utilized by each game will be initially supplied in a limited amount. Ecosystem contributors (such as developers, publishers, etc.) will enhance in-game tokenomics to promote user consumption of tokens within the in-game ecosystem and ensure a seamless tokenomics operation. As this process is repeated and gMBXL usage increases, a more sustainable ecosystem can be formed due to the virtuous cycle.
The positive expectations from the game token consolidation are as follows.
1. Value consolidation by merging into MBX
Improving tokenomics through value consolidation The split user demand for individual game tokens will be consolidated into MBX tokens. Since the genesis of the MBX ecosystem, over $11 millionworth of game tokens were used within games. By combining the split demand for individual game tokens into one single game token, gMBXL, we aim to establish an even sturdier tokenomics.
Aligning common interest through value consolidation The common interests of ecosystem participants will also be aligned toward MBX tokens. Departing from the existing game token system, where each game token has its own ecosystem, ecosystem participants will share a common goal of vitalizing and stabilizing the MBX token economy.
2. Streamlining user convenience
More intuitive token value Enables users to intuitively grasp the current value of game tokens. In contrast to the past reliance on exchange rates for indirectly assessing the value of game tokens, users can now efficiently and intuitively evaluate the value of gMBXL without the burden of slippage. This change aims to offer gMBXL holders more meaningful information to guide their ownership decisions.
Economic feasibility when switching between games Simplifies token transferability between games. In the existing game token system, users encountered exchange fees when trading game tokens with another. The advantage of using a single game token is that it eliminates the necessity for the exchange process and associated fees.
3. Creating a more scalable and stable ecosystem
Stability of onboarding new games The process of onboarding new games becomes more stable and streamlined. The MBX ecosystem has matured enough to offer stable integration with new games directly, with the support of our native blockchain Dapp services, including NFT-related functionalities. With gMBXL tokens, we expect it will be possible to onboard games onto a more stable tokenomics, as our mature ecosystem has made it more difficult for one single game to determine MBX token values.
Expanding user pools Facilitates the sharing of user pools between games. While diversity was a positive aspect under the existing game token system, using different game tokens between games often created psychological barriers and procedural hindrances. As a result, users faced challenges switching between games, even if they were part of the same MARBLEX ecosystem. Transitioning to gMBXL, we expect the lowered entry barrier will increase user acquisition for each game, thereby expanding the user pool and create a more active ecosystem.
*Please note that the expectations mentioned above do not guarantee an increase in the prices of the game token or MBX.
To promote the adoption of gMBXL and ensure stabilization, MARBLEX plans to provide the following support to game content providers. Through our support plan, we aim to create a foundation for more games to onboard, thereby securing diverse new content and offering a fresh user experience.
1. Providing liquidity support for initial exchange pools
To encourage the onboarding of games within the gMBXL ecosystem, we plan to provide gMBXL to support creating an exchange pool between gMBXL and in-game items. While these exchange pools are essential for maintaining the blockchain game ecosystem, sourcing such funds may be a burden for ecosystem contributors. To lower that entry barrier, MARBLEX plans to alleviate these hurdles by providing liquidity support necessary for the initial adoption of gMBXL, encouraging more games to onboard within the MBX ecosystem in the future.
2. Providing support for ecosystem stability
To actively encourage the provision of gMBXL utilization within onboarding games, a portion of gMBXL used within games will be distributed to ecosystem contributors and MARBLEX. To help stabilize the ecosystem during the early stages of adoption, while adhering to the intention of giving back to the ecosystem, MARBLEX plans to allocate a certain percentage of the total gMBXL received from users for ecosystem support.
*Details of the support system may be subject to change or reduction depending on the maturity of the ecosystem.
Here are additional updates following the transition to gMBXL.
1. The fee rates may change as follows.
For games without in-game transaction fees, a 1% fee occurs when exchanging in-game items to gMBXL. These fees are to be burned.
A 5% fee occurs when exchanging gMBXL to MBXL. These fees are to be utilized for ecosystem maintenance and expansion.
To encourage the usage of MBX tokens within games, no separate fees will occur when exchanging MBXL to gMBXL or gMBXL to game currency.
2. With the consolidation of each game token into gMBXL, the Game Token Staking service will be terminated. The funds that were previously allocated for the game token staking service will be utilized for maintaining the exchange pools with in-game items in each game.
▶ Comprehensive Game Token (GT) Outline and GT Service Termination
Upon the approval of the proposal enabling the full transition of MARBLEX game tokenomics to a comprehensive game token, the following policies will be implemented:
■ Game token service termination details
GT Swap, GT Staking termination date: July 4, 2024
GT Explorer termination date: July 18, 2024
Once the service is terminated, game tokens cannot be viewed, transferred, staked, or swapped using MBX Swap, MBX Station, or MARBLEX Wallet.
Game tokens cannot be utilized within their respective games
However, in-game currencies that can be exchanged with game tokens can be exchanged for gMBXL using MBX Station in the future.
■ Exchange rates for previous game tokens
Once GT services are terminated, all game tokens held within a user’s wallet will be converted into gMBXL according to the exchange rates provided below and airdropped to their wallet.
In order to minimize the impact of exchange rate fluctuations following the announcement of GT services termination and to ensure that users holding game tokens receive fair compensation, the exchange rate for each game token will be calculated based on the average daily exchange rate over the 30-day period (2024.04.21–2024.05.20) prior to the announcement date. Exchange rates are based on MBX Swap. If the average daily exchange rate over the 30-day period is lower than that at the time of this announcement, the latter will be applied as the exchange rate.
gMBXL exchange rate for each game token
To ensure an accurate assessment of the game tokens held, please make sure to unstake all game tokens that are being staked through MBX Swap. All staked game tokens will be automatically returned to the holder’s wallet upon service termination.
Minimum quantity eligible for airdrop: game token amount equal to 0.000001 gMBXL *If the amount of game tokens held is less than the minimum quantity, they will NOT be converted into gMBXL and airdropped to the wallet.
gMBXL airdrop start date: July 8, 2024 The airdrop will proceed sequentially starting from the specified start date and may take up to 7 days for delivery to be completed.
▶ Voting Process
The following proposal represents a highly significant decision for the governance of MARBLEX. As such, we aim to reflect the opinions of core members of the ecosystem–the MARBLEX community–to determine the final implementation date.
All community members can participate in the voting process to voice their opinions.
The proposal will be revealed at MBX Space on May 27, 14:00 (UTC+9)
Voting period: May 27, 14:00 — June 3, 14:00 (UTC+9)
Voting participants: All MBX holders
Note
Voters are granted Voting Power based on the balance of MBX tokens held in the wallets they used to connect to the Snapshot platform as of May 27 at 14:00 (UTC+9). Before casting your vote, make sure to transfer the tokens to the wallet you intend to use to participate in the vote.
Please refer to the details on how to participate in the vote using the guide below.
<Game Tokenomics Update: Voting Guide>
The voting results will be announced through our official channels after the voting period is over. If the proposal is approved, all community members will be eligible to receive an airdrop of a “Memorial GT NFT” that contains their previous transaction history of game tokens as a commemorative gift.
*The image above is a sample and may not accurately represent the actual NFT.
*Users who wish to receive the “Memorial GT NFT” must import their MARBLEX Wallet to a MetaMask wallet before participating and casting their Snapshot vote.
*If a user’s wallet used to vote does not have a game token transaction history, they will not receive this NFT.
*NFT delivery date: The NFT will be delivered to a user’s wallet within three months after the end of the voting period. (The delivery date may be subject to change)
As a member of the MARBLEX ecosystem, we look forward to your active participation in the upcoming vote!
Celebrating our recent partnership, Batching.ai is hosting a new set of events.
Two separate events will be held at Batching.ai’s Discord and Gleam channel.
Don’t miss out on the generous prize pools and explore a brand new way to utilize your Lunar Animals!
Please refer to the event details below.
◆ Event 1: Special event for Lunar Animals holders
This event offers a special benefit for Lunar Animals holders.
Verify that you are a holder at Batching.ai Discord to earn bonus points and NFTs!
■ Event period
April 24th — May 1st 16:00 (UTC+9)
■ Prize pool
▶ Giveaway
500 HVH each for 100 random winners
10 MBX each for 50 random winners
1× Lunar Animals (N) for 10 random winners
▶ Referral
20,000 HVH and 500 MBX total
More entries result in higher rewards
⚠ HVH (HAVAH) tokens are assets that can be used for various activities within the HAVAH ecosystem, including transaction fees, Planet purchases, and NFT purchases within the marketplace.
■ Winner Announcement
May 3rd (winners to be revealed by Batching.ai)
■ How to participate
For full details about the Gleam event and instructions on how to join, please follow the link below.
We appreciate your active interest and participation and would like to further encourage you by reminding you of the pools that will be available for Week 2.
Here is the list of swap pools that are opening on March 21.
■ SWAP Pools on Week 2
Pool 1: [ U,N,I,V,E,R,S,E ] → Lunar(N)
Collect 8 Alphabet or Joker Puzzles that match the KEYWORD to swap for Lunar Animals(N)
Ex 1) U, N, I, V, V, E, E, E
Ex 2) U, N, I, V, V, E, Joker, Joker
※ All of the above are possible combinations.
Pool 2: 5 Joker(N)s → Lunar(N)
Collect 5 Joker(N) Puzzles to swap for Lunar Animals(N)
Pool 3: 10 Joker(N)s → Lunar(R)
Collect 10 Joker(N) Puzzles to swap for Lunar Animals(R)
Pool 4: 3 Marblership Rainbow NFTs → Lunar(N)
Collect 3 color grade Marblership Rainbow NFTs to swap for Lunar Animals(N)
Pool 5: 2 Marblership Rainbow NFTs → Lunar(R)
Collect 1 special grade and 1 color grade Marblership Rainbow NFT to swap for Lunar Animals(R)
■ Airdrop Pools on Week 1
Pool 1: For Lunar Animals(SR) holders
This airdrop pool was mentioned in our previous event announcement. Please refer to EVENT 2: Race to Marblership Lunar Animals(SR).
100 NFTs from the Marblership Rainbow Collection are airdropped for holders of Lunar Animals(SR).
■ Claim Pools on Week 2
Pool 1: Joker(N) Claim
The Claim service allows users to pay MBX to receive new NFTs. Week 2 claim pools are included in the HOT SALES Surprise Event, therefore there are no fees that occur during the event period.
Pool 2: Free Ticket Puzzle Claim
Also as part of the HOT SALES Surprise Event, 100 Ticket Puzzles that can be claimed for free everyday at 23:00 (UTC+9). Reward amount is limited to 2 per account for each day.
As of March 18, MARBLEX, the blockchain game project by Netmarble Corp., announced a strategic partnership with Vortex Gaming, a web3 subsidiary firm of Korea’s prominent gaming media company, Inven.
Through this partnership, MARBLEX’s global marketing strategies will be aided by Vortex Gaming to promote the onboarding of MARBLEX games and content through its partnership channels and platforms, while leveraging its global network for further collaborations.
Meanwhile, MARBLEX recently launched their new MBX NFT service along with two new Marblership Collections on March 14th. The Marblership Puzzle and Lunar Animals Collections are already being distributed, with the NFTs attracting worldwide attention.
As valuable assets of the ecosystem, these NFTs grant access to future events and enable users to earn MBX through staking services.
About MARBLEX
MARBLEX is a blockchain-powered subsidiary of Netmarble Corp. Netmarble Corp. is a well-established developer and publisher of mobile games, comprised of more than 6,000 game industry veterans and blockchain technology experts from across the globe. MARBLEX aims to bring the highest quality blockchain games to market by providing key services such as a cryptocurrency wallet, token staking and an NFT Marketplace. MBX, a proprietary blockchain ecosystem launched by MARBLEX, allows gamers to advance their experiences through organic engagement and rewards for participation. The MBX ecosystem can be enjoyed as part of popular Netmarble titles, such as A3: Still Alive, Ni no Kuni: Cross Worlds and The King of Fighters Arena.
Vortex Gaming is a content-driven gaming community that provides global gaming social media services and guilds for a variety of games that are optimized for web3 gaming. Vortex Gaming aims to break the boundaries of user accessibility to web3 games by providing credible and specialized content on a variety of topics, including games and in-game economic systems.
