1UP-Date: The Loot Box System For 1UP-Voters

in #utopian-io6 years ago (edited)

1UPLootBox.jpg

To incentivize users to vote with the new 1UP community dApp we will introduce a loot box system for digital collectable items and an entertaining way to do randomized airdrops. In this post you will learn how they can be traded and create value for the users.

1UP-devider-3.png

What is 1UP In A Nutshell?

1UP is a new open source communitiy upvoting app where user votes are equal. It daily upvotes the ten highest ranked posts in each community with a smart curation rewards system. We create the UP token based on Steem's upcoming Smart Media Token (SMT) and distribute it to Steemians and communities via various airdrops. UP holders will support community growth and enjoy higher than average returns through smart curation.

For more information please check out our @Fundition fundraiser below and share 6 million UP tokens with the backers.

1UP FundraiserToken Distribution

Open Source Repository

https://github.com/therealFlauwy/1UP


1UP-devider-2.png

The 1UP Loot Box System


We have created a developer task request for a loot box system. The idea is to create a strong incentive for users to give all their daily votes to the best posts, create a bridge to Steem Monsters and other dApps using non-fungible tokens (NFT's) and increase the value of 1UP itself through digital collectibles with controlled rarities.

What is a Loot Box?

Commonly known from various games, loot box systems are ways for rewarding users with random digital items. They have become very popular and transformed the gaming industry. Sometimes they are monetized which created a lot of criticism for the gambling aspect of them. 1UP will never sell loot boxes but create them for free in return of bringing a service to the platform and its communities.

Loot Boxes are digital items that contain other digital items. In case of 1UP, we will make the unopened loot boxes tradable. Just like Steem Monsters, we will create entries on the Steem blockchain via JSON inputs and assign ownership of the loot boxes to Steem accounts. They can then be send out of the 1UP wallet to other users or traded on a decentralized exchanged (DEX) like Peakmonsters. The content of the loot box is unknown, until a user decides to open it.

lootbox.png

What is in the 1UP Loot Box?

Airdrops

1UPCoin.png

During the pre-SMT phase, 1UP is doing many different airdrops of its upcoming UP token. An entertaining way to distribute some of it will be via a random airdrop within each loot box. When a user opens the box, the random surprise airdrop will be displayed with a game-like animation and added to the users UP balance via JSON entry. The exact amounts for the random airdrop range will be announced when the system goes live but it will contain a jackpot option.

Mushroom Monsters

Besides the loot box itself, 1UP is planning to create its own NFT's. Non-fungible means, that each token can be unique, unlike Steem or Bitcoin, which are always the same. CryptoKitties is a good example for a NFT. With 1UP, they are technically no seperate tokens either but simply ownership entries on Steem accounts. Each loot box will have the chance to drop one of several mushroom monsters with special rarities and a limited supply.

These example cards will get a special 1UP design.

SteemMonstersCard1.jpgSteemMonstersCard2.jpgSteemMonstersCard.jpg


These Mushroom Monsters can be implemented by games like Steem Monsters, which would give them a value and increase the demand for attaining them. In return, it would drive traffic from 1UP to the dApps and increase their business. The monsters will follow the Steem Monsters system and come in Common, Rare, Epic and Legendary rarities and offer much rarer gold foil versions of each of them. 1UP will provide free high quality graphics for the mushrooms, so third parties can easily access and integrate them into their own products and designs.

Room For More

There is much more what we can do with the loot box. Communities could offer special community rewards, that increase their drop chance with each vote done within that community. This could create a healthy competition, as voting with 1UP is naturally scarce for each user through the ten daily votes limitations. We invite all our communities to feel free to come up with ideas for themselves. We will concentrate on the main loot box features first but are very open for your feedback.

Triggering a Loot Box

For 1UP it is important to collect a broad amount of votes to find consensus and reward the best content possible. To receive a daily loot box, the users will have to spend all their ten daily 1UP-votes on any community and posts they like. All loot boxes will be created at the end of each day and calculate exactly how much of the daily total available pool of UP airdrops and NFT's are assigned to all loot boxes. They will then be issued to the user accounts all at once.

Drop Chances via Quality Score

dice1209417_1280.jpg

As it is human nature, some users will try to just get the loot box and click on the first posts they can find. To balance that, we will use the Quality Score (QS), which we introduced in our Fundition campaign. Each 1UP-vote done on the same post you already voted upon will add to your daily QS. If the post wins then you even get a multiplier on top of it. All your votes can add to your daily QS and will influence the drop chances within your loot box.

Although the exact content of a loot box will always be unknown until opening, the quality of the loot box itself, will be known: we will use the same rarity as for the Mushroom Monsters: Common, Rare, Epic and Legendary. These rarities merely symbolize the drop chances for the loot and give no guarantee for any specfic content. A common loot box can contain a jackpot airdrop and a gold foil legendary monster, while a legandary box could contain something much less disirable. However, the chances for good loot are higher with greater rarity.

Selling Fees For NFT's

bitcoin3024279_1280.jpg

Just like Steem Monsters does with monsters being traded on a DEX, we will take 5% fees and share them with the DEX they are sold on. The income generated from that will be used to pay for ongoing 1UP costs and to stablize the UP token economy by various efforts. This could add an important support for the future UP economy.

Conclusion

The Loot Box system is a great way of gamification, that allows 1UP to achieve maximum voting potential and create a whole new economic aspect for the entire project. It is fun to use and can create substantial values for the users if the NFT's are integrated into popular dApps with money incentives like Steem Monsters.


1UP-devider-1.png

Resources

1UP Homepage

Series Backlinks To 1UP-Dates


Sort:  

I continue to be impressed with the energy and ingenuity you're bringing to the table in making 1UP a more robust and interesting offering before the launch of SMTs. Everyone likes a bit of loot, so this is definitely an intriguing notion.

I'm not sure I love the level of commitment required to trigger the loot boxes. The thing I like about random loot boxes is how, well, random it is. I wouldn't vote 10 times just to get a loot box. Maybe that's me.

Your contribution has been evaluated according to Utopian policies and guidelines, as well as a predefined set of questions pertaining to the category.

To view those questions and the relevant answers related to your post, click here.


Need help? Write a ticket on https://support.utopian.io/.
Chat with us on Discord.
[utopian-moderator]

I guess it is a option to get a loot box with one single vote as well but then with a 10x lower dropchance for everything.

Thank you for your review, @didic!

So far this week you've reviewed 1 contributions. Keep up the good work!

I can't wait to get me some of them Mushroom Monsters :-D

This project is being supported by @Fundition

Fundition is a next-generation, decentralized, peer-to-peer crowdfunding and collaboration platform, built on the Steem blockchain.

#upfundition and #fundition tags on Steem represent the projects that are started on https://fundition.io.

Are You Prepared to Make the World a Better Place too?

Read the full details of Fundition Fund program

Learn more about Fundition by reading our purplepaper

work_on_progess.gif

steemitf.pngtwitterf.pngyoutubef.pngfacebookf.pnginstaf.pngdiscordf.png
Join a community with heart based giving at its core

Hi @steem-1up!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your post is eligible for our upvote, thanks to our collaboration with @utopian-io!
Feel free to join our @steem-ua Discord server

Very cool! I already love SM, so seeing that combined with this awesome system is brilliant.

wow - I am impressed and wish you well with your project - I am not into steem monsters but hope I can learn about 1-up and take part in this project

Hey, @steem-1up!

Thanks for contributing on Utopian.
We’re already looking forward to your next contribution!

Get higher incentives and support Utopian.io!
Simply set @utopian.pay as a 5% (or higher) payout beneficiary on your contribution post (via SteemPlus or Steeditor).

Want to chat? Join us on Discord https://discord.gg/h52nFrV.

Vote for Utopian Witness!

Congratulations @steem-1up! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 100 upvotes. Your next target is to reach 200 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Meet the Steemians Contest - The results, the winners and the prizes
Meet the Steemians Contest - Special attendees revealed
Meet the Steemians Contest - Intermediate results

Support SteemitBoard's project! Vote for its witness and get one more award!