“THE HAMSTER GAME” LITEPAPER

Introduction

The crypto evolution began silently in a 2008 whitepaper written by anonymous developer Satoshi Nakamoto. This birthed the idea of cryptocurrencies with Bitcoin becoming the first decentralised currency in the new financial order.

The nascent industry has since boomed beyond Bitcoin in the last dozen years. The crypto economy enjoyed a watershed year in 2021 following the global health crisis and continued poor financial policies of world governments. This singular idea proposed by Nakamoto has since birthed an entire ecosystem of itself with nascent sub-sectors like decentralized finance (DeFi), decentralized autonomous organizations (DAOs), smart contracts, Metaverse, non-fungible tokens (NFTs), and stablecoins.

Each sub-sector tends to a particular global challenge while inducing the idea of crypto economics into its operations. However, adoption of the crypto space is hampered by the knowledge gap. Regular users do not understand the broader use cases of these blockchain-based offerings and find it difficult to interact with them. The most promising of the lot and the fastest-growing in the past year is the NFT sub-sector. The NFT ecosystem has enjoyed parabolic growth in the last 12 months, hitting a net worth of over $40 billion in total value locked (TVL).

NFTs’ successes largely lie with its close connection with the human experience. These digital certificates of ownerships are rare and valuable and can be easily interacted with beyond the crypto space. Frequent use cases include means of identification, affiliation with a particular belief system or club, used as ticket or pass to events, in-game assets, non-player characters (NPCs), and in AI-based applications. Despite this, the NFT ecosystem still suffers from a lot of hiccups and few issues currently hampering the growth of this space are;

  • Low liquidity: The NFT space is wrongly founded on the belief system of minting and holding. This leads to low liquidity flow within the ecosystem making it impossible to generate needed financial traction for active trading and subsequent expansion of the space.
  • Non-UX Interfaces: NFTs are not known to be the best in user experience systems and this has made it difficult for new users to interact with the digital assets. Marketplaces offering NFTs use archaic online shopping template not fit for the modern space in which NFTs thrive
  • NFTs are still considered by many as JPEGs with little use cases
  • The NFT ecosystem is currently flooded with copycat projects rebranded to look different. This makes it difficult for people to take it seriously and also hamper the growth of new projects.
  • NFT trading does not guarantee that users will receive rewards for taking action

While these issues may seem colossal, a solution is already underway. Hamster Game operates using a Trade-2-Earn format which allows NFTs to be traded in a gamified and rapid style. Here, traders are incentivized for their actions with tokens that come with commensurate reward in ETH.

NFT Market

NFTs started off being labeled as JPEGs but the burgeoning ecosystem has since grown beyond this nondescript tag. NFTs have become a key cog in the wheel of the creative economy and have penetrated multiple arenas previously underperforming. Digital artists, content creators, and digital experts are now plugging into the NFT frenzy flooding the market with new use cases and creating better incentives for users.

For instance, artists are now able to better monetize their content without the interference of a centralized body. This goes a long way to show the revolutionary impact NFTs have on the human experience.

These multi-fold use cases have seen the NFT ecosystem record as much as $44.2 billion in transaction volume. This is not even the apex as more projects are launched by the day.

Now, creatives and tech companies are seeing the powerful impact NFTs would have in the new blockchain ecosystem hence the growing push into the NFT space. Many advocates have stated that NFTs would play a principal role in the growth and adoption of the Web3.0 movement.

Web3 is viewed as the creative economy as it gives back to the original owners of ideas and concepts — the people. While the concept is still a buzzword, the NFT space is fast-tracking a major shift towards the new blockchain-driven ecosystem.

Trade-2-Earn

We witnessed an enormous surge in the Play-2-Earn sector in 2021. Play-2-Earn concept develops a use case of integrating the crypto economics into the virtual gamified worlds. Basically, it means that you can earn tokens while playing different games. Sounds cool. But for most people who are not crypto denizens, this might be too good to be true.

However, when you dive deep into tokenomics of such giants like Axie Infinity or SandBox you will see how well organized their financial systems are. What’s more important is that these are scalable projects with a vision to grow. Additionally, such games have a well crafted visual and animated concept. Thus, catching not only users’ motivation, but attention too.

But what about trading? Why does it still look like we are still stuck in a Wall Street office. Sure, now you can download Binance or Coinbase apps to trade crypto. But charts, technical analysis, indicators and other tools can be highly frustrating to navigate around. Needless to say, there are so many assets to trade. We end up with very hard-to-use apps.

But trading is the oldest game that people know. It’s all about making the right call, at the right time. And your result lies in a reward that was earned and experience that you got. We don’t have to deal with charts. We can re-develop the whole concept by adding a gamified trading flow. Followed by better returns and visuals while making trading more streamlined with one swipe.

This is what we, the Hamster Game, are working on. We are developing the new concept of Trade-2-Earn. Which comes down to these 3 basic thesis:

  • Trade NFT assets and earn tokens on each transaction
  • NFT trading reflects in the token price action. Which means every time people buy/sell NFTs the price of a token changes by some %
  • The more tokens you get = the more ETH rewards you get

The concept is working on the Polygon blockchain which is known for fast transactions, low gas fees and low carbon footprint.

The Hamster Game’s Trade-2-Earn concept consists of:

  • 20,000 NFT collectibles to trade
  • Hamster Game token
  • The platform (website) to trade NFTs and earn Hamster Game tokens

The beauty of the Trade-2-Earn concept is that on a core level it doesn’t ask current NFT users to act somewhat differently. Buy/Sell NFTs just like on OpenSea, Rarible or other marketplaces. Though instead of just holding, players could flip NFTs too and so generate additional token rewards.

Generations

The Trade-2-Earn concept is the adventure for its pioneers. Like any adventure it can be separated by stages of development or generations:

  • NFT Drop

The Hamster Game NFT comprises 20,000 NFT collectibles which traders can flip/sell on NFT marketplace OpenSea. With each trade, traders are rewarded with the Hamster Game Token.

  • Token Price Discovery

The token price discovery for the Hamster Game is closely determined by the trading activities done on OpenSea. The Hamster Game consists of the ‘Pump’ and ‘Dump’ NFT. ‘Pump’ as we all know stands for an upward movement while ‘Dump’ indicates a downward spiral. When a trader flips a Pump NFT, the token price of the game spikes upward and the Dump NFT brings it down. Both concepts are significant in the Hamster Game ecosystem as they help to bring a balance to the price action of the Hamster Game.

Instead of making a unilateral decision on the price the Hamster Game should be, the team behind the project have chosen to let the community decide. Hence, the Pump and Dump NFTs.

  • Token Airdrop

The token airdrop is expected to come up in March, according to our roadmap. This will be the first milestone the Hamster Game will be crossing off the line in the third month of 2022.

  • MinTick OG Initialization

The MinTick OG NFTs are a set of 5,650 side collections attached to the Hamster Game. The core idea is to create a stackable asset for the Hamster Game and players can earn free tokens by locking up their MinTick OG NFTs.

The commensurate reward for staking MinTick OGs depends on the player’s level and the required MinTick OG. Players are divided into MinTick, Shark, King, Whale, and Moon Samurai. Each level comes with its own requirements and players can easily generate extra tokens by pledging their MinTick OG NFTs for the stipulated period.

  • Token Claiming

Players can easily claim the Hamster Game Token once the airdrop event is concluded.

  • Trading Smart Contracts

Hamster Game is hinged on trading NFTs and that is why we are creating a separate smart contract for this activity. This will be executed in the coming weeks.

  • Marketplace

One of the core ideals of the Hamster Game is to create a befitting marketplace for NFT trading. The NFT marketplaces currently on offer are below-par and we intend to create a more streamlined and gamified marketplace for NFT trading. This would feature all the required metrics while toning down on complex systems for ease-of-use for the average person.

NFT Hamsters

In order for the Hamster Game to operate correctly we need a collection of NFTs that would act on players’ behalf as traders. And at the same time become a symbol and identity of NFT owners. It’d been chosen to use Hamster characters for that matter.

NFT collection specifications:

  • Polygon Blockchain
  • 20,000 Trade-2-Earn NFTs
  • 10,200 free drop
  • 9,800 public sale
  • 2 types of Hamsters: Pump and Dump
  • When sold on a marketplace Hamsters activate its trading powers

As we mentioned earlier, the Hamster NFTs consist of two types namely the ‘Pump’ and ‘Dump’ Hamster NFTs. Each NFT performs different roles and come with unique trading capabilities. For one, the Pump NFT causes the price of the Hamster Game Token to rise while the Dump NFT reverses this action. Both serve as a counterbalance for the Hamster Game Token, ensuring the price does not become overly inflated with no real value backing it up.

Each NFT comes with trading powers and these are unlocked once the Hamster is Pumped or Dumped. The Hamster Game Token price switches accordingly and this activity can be seen on the Hamster Game website. The Hamster Game hinges on rewarding traders for buying and selling NFTs and players will be able to get commensurate reward during the token claiming period depending on how active they have been.

Hamster Game Token

Supply: 5,000,000,000

Airdrop: 750,000,000

Claiming: 2,469,460,500

Dump Smart Contract: 1,000,000,000

Liquidity: 100,000,000

MinTick OG staking: 680,539,500

Hamster Game token has a deflationary model and its supply will partially be sent for burning during Airdrop, Claiming or MinTick OG staking. During these events up to 30–35% of total token supply will be burnt.

The Hamster Game token is a free community token that enables players to get ETH on NFT trades. The more tokens a player has, the more rewards in ETH that will be earned. There are four ways on how to obtain the token:

  • Buy/Sell NFTs and receive an Airdrop (one-time)
  • Buy/Sell NFTs and claim on the Hamster Game platform
  • Stake MinTick OG NFT and earn free tokens
  • Provide Liquidity on the Hamster Game platform for the Token/WETH pair

Hamster Game token price within the platform depends solely on the NFT trading activity. The community can create a market on any DEX that supports Polygon Network as well. This might be beneficial for external investors who prefer to earn on the Hamster Game platform, with no need to play the trading game of buying and selling Hamsters NFT.

Airdrop

In the Hamster Game there are 2 primary events when players can get their tokens for trading Hamster Game NFTs. One is Airdrop.

During the Token Price discovery generation we will be collecting all the trading data based on OpenSea secondary market trades. This means, players who were selling, buying and holding Hamster NFTs will be eligible to receive free tokens during the Airdrop event.

Airdrop will be hosted only once. During which players will be able to get up to 750,000,000 tokens in total. The Hamster Game team will perform a snapshot in order to fix all eligible wallets. Any tokens left will be burnt.

In order to know how many tokens can be obtained during the airdrop, players can use the Airdrop calculator on the Hamster Game website. Or refer to the formula:

Hamster Game Token = ((Q * (P * (D * 1.5))) * Pr) + (Q * (P * 1 (D * 1.5)))

Where Q = Amount of Hamsters that player holds

P = Amount of sold Pump Hamsters

D = Amount of sold Dump Hamsters

Pr = Average % of profit that you made selling Hamsters

The multipliers on the right side of the formula can rise up to 3–4,5 times. This depends on the amount of purchases made by a player.

Claiming

The second type of event where players can get tokens rewards for trading is Claiming. Unlike Airdrop, tokens can be claimed at any time and multiple times. Eligible players who trade Hamster NFT can calculate their tokens by using Hamster Game website or formula:

Hamster Game Token = (P * (D * 1.5))) * Pr) + (Pb * 1.8 (Db * 2.5)

Where P = Amount of sold Pump Hamsters

D = Amount of sold Dump Hamsters

Pr = Average % of profit that you made selling Hamsters

Pb = Amount of purchased Pump Hamsters

Db = Amount of purchased Dump Hamsters

Claiming event is divided by seasons (months) and will last for 2 years. Players will be able to earn tokens from each month’s supply. Tokens that remain unclaimed at the end of a season, will be burned. Seasons’ rewards will be reduced from 400,000,000 to 49,730,250 per month.

Trading Contracts

The most unique feature of the Trade-2-Earn concept is that NFTs act as traders. Meaning that each time they get sold on NFT marketplace, the trading mechanism activates and pumps or dumps the Hamster Game token in pair with WETH.

In order to become real this concept needs trading smart contracts that will be acting on behalf of different NFT types. In the Hamster Game we have 2 types: Pump and Dump.

When a player sells Hamster NFT with a Pump type, the smart contract that is responsible for buying tokens for WETH (Pump contract) will be activated and execute the trade.

Same works for the Dump contract that sells tokens for WETH. Both contracts execute trades whenever the trade signal is received from NFTs. Both contracts always execute trades higher or lower than current price. The trading power percentage that influence the token price depends on:

  • Player’s previous trading history: H
  • NFT type (Pump or Dump): Tp or Td
  • NFT price: P

The formula on defining trading power percentage:

(H * Tp * P)/100 or (H * Td * P)/100

If the value of (H * Tp * P) is bigger than 1000:

(H * Tp * P)/1000 or (H * Td * P)/1000

Tp always equals to 1.5

Td always equals to 1.8

H will be reduced to 1 each 11th trade executed by player

If player sold more than 15 Hamsters = trading powers+0.5%

If player sold more than 30 Hamsters = trading powers+0.7%

If player sold more than 50 Hamsters = trading powers+0.8%

For example:

Player A sold 24 Hamsters

24th Hamster was sold for 90$ (equivalent to ETH price)

24th Hamster was a Dump type

Trading power = ((4 * 1.8 * 90)/100) + 0.5 = 6.98% (Dump)

Amount of purchased and sold tokens depends on NFT’s rarity. The rarer NFT is, the bigger is the market order on buying/selling tokens. The range is between 0.1 ETH and 0.7 ETH per order.

Assuming Player A, from the previous example, sold Dump Hamster with a rarity rank equal to 10,000 and got trading powers of 6.98%. And the current token price equals 0.000001 ETH. Then:

  1. New token price = 0.000001 ETH — 6.98% = 0.0000009302 ETH
  2. Dump contract sells tokens to Pump contract for 0.0000009302 ETH
  3. Order amount = 0.4 ETH (sends to Dump contract)
  4. Sending amount of tokens to Pump contract = 0.4/0.0000009302 = 430,015 tokens

Players that are willing to earn ETH and tokens on these trades can provide liquidity for the WETH/Token pair on the Hamster Game platform. There will be a 0.2% fee deduction on each trade that will be distributed among all players, who provide liquidity.

WETH supply comes from the Hamster Game’s royalties 4.5%

Pump contract collects Tokens, while Dump collects ETH

If one of these contracts reduces its capital by 20%, then the contracts perform transactions to return all the capital back. So the Pump contract receives all the ETH he spent on trading from the Dump contract.

MinTick OG

Apart from the main Hamster NFT collection, there is also the side collection that will be integrated in the Game. It’s called MinTick OG. Total supply of 5,650 NFT. MinTick OG grants its owners an ability to earn additional tokens by staking it. The amount of tokens to be earned will depend on players’ levels:

MinTick Stake at least 2 Mintick OG for 7 days

Shark Stake at least 4 for 14 days, buy 10 Hamsters, sell 5 Hamsters

King Stake at least 8 for 30 days, buy 25 Hamsters, sell 10 Hamsters

Whale Stake at least 20 for 45 days, buy 50 Hamsters, sell 20 Hamsters

Moon Samurai Stake at least 35 for 60 days, buy 100 Hamsters, sell 50 Hamsters

Rewards for each level change annually.

First year:

MinTick — 15 tokens daily per 1 MinTick OG NFT

Shark — 30 tokens daily per 1 MinTick OG NFT

King — 50 tokens daily per 1 MinTick OG NFT

Whale — 75 tokens daily per 1 MinTick OG NFT

Moon Samurai — 100 tokens daily per 1 MinTick OG NFT

Second year:

MinTick — 12 tokens daily per 1 MinTick OG NFT

Shark — 24 tokens daily per 1 MinTick OG NFT

King — 45 tokens daily per 1 MinTick OG NFT

Whale — 60 tokens daily per 1 MinTick OG NFT

Moon Samurai — 80 tokens daily per 1 MinTick OG NFT

Third year:

MinTick — 8 tokens daily per 1 MinTick OG NFT

Shark — 16 tokens daily per 1 MinTick OG NFT

King — 35 tokens daily per 1 MinTick OG NFT

Whale — 50 tokens daily per 1 MinTick OG NFT

Moon Samurai — 70 tokens daily per 1 MinTick OG NFT

Fourth year:

MinTick — 5 tokens daily per 1 MinTick OG NFT

Shark — 10 tokens daily per 1 MinTick OG NFT

King — 20 tokens daily per 1 MinTick OG NFT

Whale — 35 tokens daily per 1 MinTick OG NFT

Moon Samurai — 50 tokens daily per 1 MinTick OG NFT

Fifth year:

MinTick — 3 tokens daily per 1 MinTick OG NFT

Shark — 6 tokens daily per 1 MinTick OG NFT

King — 10 tokens daily per 1 MinTick OG NFT

Whale — 18 tokens daily per 1 MinTick OG NFT

Moon Samurai — 30 tokens daily per 1 MinTick OG NFT

Total token supply for MinTick OG is 680,539,500

All tokens that will be left unclaimed at the end of each year will be burnt

Purpose

The main idea behind Trade-2-Earn is to reward traders even if an NFT asset was sold with loss. The only rule here is to sell/buy an NFT above or equal to the Collection’s floor price. If this criteria is met, then an NFT creates a buy/sell order via pump/dump smart contracts. Contracts pump or dump the token price. NFT sellers and buyers can get tokens for their trades and those players who provide liquidity for pump and dump contracts can earn ETH and tokens on each trade performed by NFT sellers and buyers.

This unusual method of trading makes it harder for the bots to manipulate the market price of the token. Same way it works on traditional exchanges. And even though the token price on the Hamster Game platform works to be exchanged only for smart contracts and Hamster NFT, tokens make their holders as owners of the platform by distributing profits based on the amount of tokens that players hold. Hence, the value of the token can be created on any separate DEX platform by players where it can be traded with no price influence from the Team’s side.

Due to the nature of the Hamster Game’s path, token’s utility will be making their owners as part of the NFT trading ecosystem. Not only for the Hamster Game collection, but any other who will be listing their NFTs on the Hamster Game platform.

Marketplace

Trade-2-Earn concept can be applied to any NFT collection, in which the community wishes to trade their NFTs and be rewarded with tokens. That’s why the Hamster Game is going to build the Gamified Marketplace. What will users get with this?

  1. A faster and more convenient way of buying NFTs. ‘Swipe-confirm-repeat’ approach will be used to streamline the NFT purchasing process.
  2. Ranking multiple bids. Players will be able to make one bid offer for a range of NFTs based on their rarity
  3. Launchpad for current and upcoming projects to connect their NFTs to the Trade-2-Earn concept
  4. Players can support collections by trading NFTs and gain collections’ tokens.
  5. Players can earn WETH on each trade executed within any supported collection

Hamster Game marketplace will provide its users and NFT collections’ creators with convenient tools to trade NFTs, get rewards and launch new projects. The same generations as in The Hamster Game can be applied in order to gain momentum and launch the fully working utility token tied to the collection’s performance.

Platform: https://hamster.game/

Collection: https://opensea.io/collection/the-hamster-game

Discord: https://discord.gg/hamstergame

Twitter: https://twitter.com/HamsterGameNft

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Trade-2-Earn game. Trade Hamsters — Earn tokens! https://hamster.game/

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HAMSTER GAME

HAMSTER GAME

Trade-2-Earn game. Trade Hamsters — Earn tokens! https://hamster.game/

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