The Problem of most NFT projects nowadays is the lack of practical use case and quite unsustainable economic system. Also, the hype of NFT market in 2020 was a beginning of a new era and yet there are remaining challenges that developers have to face daily. Mostly after a period of time, people lose interests in some projects due to lack of development or just abandoning their investments. Therefore, Talecraft is being introduced to tackle on some of these issues.
Introducing Talecraft
When was the last time someone sees a medieval themed-PvP card game on Avax network, or even more than that, a NFT card game. TaleCraft is a Gaming NFT project on Avalanche. It is a card game that you can mint NFT by making various crafts with 4 main cards of element and sell these cards on the marketplace. In the TaleCraft, the 4 main elements are given in Alchemist Chests that will be sold weekly. So the cards are limited. It has a deflationary structure in itself. The cards used in each crafting are burnt TaleCraft is a Gaming NFT Metaverse project on the Avalanche.
TaleCraft’s official token is the Philosopher’s Stone ($CRAFT) Crafting System Floor Price Competitive Marketing System Alchemist Chest Weekly Burn&Reward System Liquidity System Limited Supply Calculator and Guideline Special Marketplace Artist Package Platform Crafter Pool
The types of alchemist cards are initially 160 types. These 160 cards have 5 different tiers. These tiers are respectively stone tier, iron tier, silver tier, gold tier, philosopher’s stone tier. The levels of the cards are determined by the difficulty and rarity of the card’s production. Only 4 out of 160 cards, the 4 main elements, will be available on a weekly basis. All remaining cards can be crafted by users.
Alchemist’s chest is a system where 4 main elements are sold per week. You only need 4 main elements to mint cards in TaleCraft. These are Air-Water-Earth-Fire. These 4 elements are supplied by weekly sales. Alchemist Chest is a kind of chest opening system. 10,000 units are put on sale every week. The Maximum purchase right is 200 chests. The Alchemist’s Chest is purchased with 10 $CRAFT + 0,1 AVAX fee. It has FCFS (First Come-First Serve) system. Only 4 main elements come out of this chest and it has a randomized structure. Of the 10,000 chests, 2500 are water, 2500 are fire, 2500 are earth, and 2500 are air.
The Crafting System in TaleCraft has a burn mechanism. The two main cards to be crafted are placed on the crafting table. The crafting process takes place in exchange for the cards placed on the craft table and some craft fees. The craft fee is minimum of 1 $CRAFT for each craft. A new card is minted as a result of Craft. Two cards used for craft are sent to burn address. Each craft has different durations and fees depending on the tier of the card. Users can do multiple crafts at the same time.
Tokenomics
- Team 10% (3.000.000)
- Operations/Development 5% (1.500.000)
- Marketing 5% (1.500.000)
- Airdrop 0.2% (60000)
- Game Incentives 12.3% (3.690.000)
- Advisors 5% (1.500.000)
- Seed Sale 6% (1.800.000)
- Strategic Sale (1.800.000)
- Private Sale 9.5% (2.850.000)
- Public 12.5% (3.750.000)
- Ecosystem 3.5% (1.050.000)
- Partnerships 5% (1.500.000)
- Staking 10% (3.000.000)
- Exchange Liquidity &MM 10% (3.000.000)
About the Token (CRAFT)
- The total limited supply of the $CRAFT is 30 million and is not mintable.
- The $CRAFT token is the official token of Talecraft. You can get alchemist chests with $CRAFT token per week. You can also trade with the $CRAFT token with low fees on the upcoming TaleCraft Marketplace.
- In addition, crafting fees will be collected with the $CRAFT token.
ICO information
Nov 22, 2021 – Nov 23, 2021
- Tokens for Sale 3,215,000 CRAFT
- ICO Price $0.280000
- Soft Cap $300,000
- Fundraising Goal $900,000
- Personal Cap 10-200 USDT
- Tokens Sold N/A
- Where to buy Avalaunch network
- % of Total Supply 11%
- Accept USDT
- Access Public
IDO (RocoFinance Launchpad): Nov 22, 2021 – Nov 22, 2021
Token supply: 30,000,000 CRAFT
Total tokens for sale: 3,215,000 CRAFT
Soft cap: 300,000 USD
Hard cap: 2,583,000 USD
Raised: 1,530,000 USD
What is ROCO Finance, check out this link to learn more.
Roadmap
Q3 Phase-2021
- Social Media Release
- Website Relase
- Seed Round
- Private Round
- IDO Platform Partnerships
- ICO Platform Partnerhips
Q4 Phase-2021
- Token Generation Event (TGE)
- CoinMarketCap and CoinGecko Listing
- DEX Listing
- Partnerships with other Avalanche Projects
- Audit
- Launch of App
- Launch of First Package
- First Sale of Alchemist Chest
- Launch of Crafter Pool
- First Weekly Reward and Burn
- Guideline-Calculator
Q1 Phase-2022
- Special MarketPlace
- New Package Upgrade for Alchemist Card
- Launch of Artist Package Platform
- First Airdrop
- CEX Listing
- Cross-Chain extending
More about the project
- The cards are the main element of this NFT project, and $CRAFT tokens can be used for NFT transactions.
- There are a total of 160 cards available for the users. There are also five different tiers present.
- Each card has a different value that depends on the rarity and difficulty in producing those cards.
- It cost 10 $CRAFT and 0.1 AVAX fees to purchase Alchemist’s Chest. This chest controls the outlet of four main gaming elements.
- There is a minimum of 1 $CRAFT that the user needs to pay for exchanging the NFTs.
TaleCraft is the first crafting game on Avalanche, which means that in-game fees need to be paid in AVAX. However, the game developers decided to reward the most loyal and skilled holders NFT holders with a share of AVAX yield generated by the game ecosystem. Besides paying a small AVAX fee, players also must spend a certain amount of $CRAFT to open chests with elemental cards and craft higher tier NFTs. However, 50% of each such $CRAFT transaction is added to the $CRAFT – AVAX liquidity pool, while the remaining 50% is burned. The integrated burning mechanism diminished the total supply of $CRAFT and creates a deflationary environment, which is poised to drive the price of $CRAFT and TaleCraft NFTs up in the long run.
While the total supply of $CRAFT is capped to 30 million (the actual total supply diminishes with each transaction), the total supply of NFTs will be determined by community demand and driven by free-market principles.
TaleCraft’s Crafting System leverages the advantages of the ERC-1155 protocol, which allows for all the details regarding the unique NFT minting mechanism to be determined in the smart contracts. This system is open-source and can be utilized by any project, partner, or artist to generate a sustainable NFT economy driven by actual demand. Besides growing their own metaverse, the team is eager to help other projects, who are interested in implementing this crafting mechanism.
In addition to ERC-1155, the team has recently integrated Chainlink’s VRF function into the game’s smart contracts, to make chest boxes contain a tamper-proof and verifiably random set of cards. TaleCraft project receives funding from several venture capital firms and incubator programs, including Ferrum Network, Dutch Crypto Investors, Maven Capital, Kangaroo Capital and Avalaunch.
Features of the Talecraft
Alchemist cards
The types of alchemist cards are initially 160 types. These 160 cards have 5 different tiers. These tiers are respectively stone tier, iron tier, silver tier, gold tier, philosopher’s stone tier.
The levels of the cards are determined by the difficulty and rarity of the card’s production. Only 4 out of 160 cards, the 4 main elements, will be available on a weekly basis. All remaining cards can be crafted by users.
Alchemist chest
Alchemist’s chest is a system where 4 main elements are sold per week. You only need 4 main elements to mint cards in TaleCraft. These are Air-Water-Earth-Fire. These 4 elements are supplied by weekly sales.
Alchemist Chest is a kind of chest opening system. 10,000 units are put on sale every week. The Maximum purchase right is 200 chests. The Alchemist’s Chest is purchased with 10 $CRAFT + 0,1 AVAX fee. It has FCFS (First Come-First Serve) system. Only 4 main elements come out of this chest and it has a randomized structure. Of the 10,000 chests, 2500 are water, 2500 are fire, 2500 are earth, and 2500 are air.
WEEKLY BURN&REWARD SYSTEM // LİQUİDİTY SYSTEM
Crafting system
- The Crafting System in TaleCraft has a burn mechanism.
- The two main cards to be crafted are placed on the crafting table.
- The crafting process takes place in exchange for the cards placed on the craft table and some craft fees.
- The craft fee is minimum of 1 $CRAFT for each craft.
- A new card is minted as a result of Craft. Two cards used for craft are sent to burn address.
- Each craft has different durations and fees depending on the tier of the card.
- Users can do multiple crafts at the same time.
Floor price
Due to Talecraft’s crafting mechanism, every NFT card will have a floor price. To receive a card, users need to buy or mint different cards. In this approach, each card will have a production cost. The worth of this card will indeed be decided by its $CRAFT token and competitive marketplace.
Unique Marketplace
TaleCraft will initially deal with various NFT marketplace platforms, such as Babylon, Yetiswap, etc.; TaleCraft has its own marketplace, TaleCraft marketplace will have lower fees and host a variety of projects. This marketplace process is outlined in the roadmap.
Writer’s Perspective
Disclaimer: this is not a financial advice
This can be seen as the first NFT Metaverse game project on the Avalanche ecosystem that has a distinct concept compared to other NFT game projects. As for play-to-earn mechanism, game like Axie Infinity sometimes can be quite challenging tactically, not to mention the super high gas fee on the ETH network when transferring and trading assets. Investing hundreds if not thousands of dollars into a new game like that makes the gaming experience worse because of the constant pressure of “grinding” the game to even the costs then talking about profits next.
In addition, the initiative collaborates with prominent Avalanche ecosystem partners like as TraderJoe, Pangolin, and others, suggesting huge potential in the future. Partnerships are also crucial to adoption, and TaleCraft has already partnered with the oracle platform Chainlink to integrate its verifiable random function. This is expected to provide a fair and unpredictable gameplay environment for users.
Also, Talecraft is based on a familiar game concept of card game which is easy to learn and play without spending hours to watch Youtube videos, reading articles of what strategies are the best for what kind of battle. The game is also new so investors/players can invest in their early ICO, join the game at early stage with low fees. With such a delicate system to distribute the tokens and other assets of the game, not to mention the simple but beautiful artwork of the game, taking medieval Europe theme, this should be on your check list, if you want to join the NFT gaming community.
