Community Voting for Squid NFT World V2.0 | Optimisation of the Biswap GameFi Economy

7 min readFeb 19, 2022

The Biswap team constantly aims to improve its BSW token, products, features and potent directions of its expanding Metaverse. The Biswap team has a clear vision on how to optimise the GameFi economics. The Biswap team wants to bring up voting for implementation of an updated GameFi economy, which would enhance the BSW token and determine the further development of Biswap GameFi. Coming changes will be able to strengthen the Biswap GameFi further advancement and carry on its fruitful functioning.

We thank you immensely for your tremendous support and loyalty. As only our synergy and deep understanding of motives and objectives of each other, can show fruitful and long-lasting results for both sides.

A few things to consider

The Biswap team values its GameFi and wants to optimise its functioning that will progress furiously and keep introducing gamers to updated paths of crypto income.

By the time of appropriate changes, Biswap is needed in your support and far-sighted. But we have to make a decision together, considering that we are all standing on the same side and aim for common prosperity. Thus, the implementation of Squid NFT World V2.0 is proposed.

Benefits for Community in Squid NFT World V2.0

The idea is to implement V2.0 Squid NFT World that will impact the continuation of GameFi as a strong direction with the following updates:

Fixed Game Contract Price for 1SE
Sustained & forecasted APR in BSW
Winning chance increase (99% — 93%)
Stable BSW rewards
Realization of Optimised Economy

Let’s review what new changes V2.0 Squid NFT World will bring to community:

🔥Fixed Game Contract Price for 1SE = 0.0025 BSW / Daily
The Biswap values users’ feedback. There were many requests from Biswappers to make the Game Contract price fixed to 1SE. So, each user will pay for a Game Contract the cost equivalent to the number of Squid Energy this user has in his Squid NFT Player. The stable Game Contract price for 1SE will be equal to 0.0025 BSW / Daily.

Example 1:
Let’s say you have a Squid NFT Player with 500 SE and want to purchase a Game Contract for 30 days.
If 1 SE costs 0.0025 BSW / Daily and you will pay 35.625 BSW for the 30-days contract:
(500 * 30 *0.0025)-5% = 35.625 BSW

Example 2:
Let’s say you have a Squid NFT Player with 1500 SE and want to purchase a Game Contract for 30 days.
If 1 SE costs 0.0025 BSW / Daily and you will pay 106.875 BSW for the 30-days contract:
(1500 * 30 *0.0025)-5% = 106.875 BSW

The payment of Contract with SE will bring balance to the payment opportunity of each user and ability to purchase needed contracts for Squid NFT Player. It will make the process of contract’s purchase much objective and depend on the amount of Squid Energy that users have. Each user with 1st and 2nd level Squid NFT Player will become more profitable.

🔥Stable BSW Rewards in Games
The Biswap team made a deep analysis and came up with an idea to optimise Squid NFT World. This change implies setting stable BSW rewards, making them more predictable in the way of binding rewards in games to BSW.

▪️ Optimised GameFi BSW pool allocation
▪️ Sustained & predictable APR in BSW
▪️ Stable BSW rewards

🔥Winning chance increase
Needless to say, Biswap continues to adhere to a user-oriented approach. That is why we increase the winning chance in each Game in the SNW V2.0. And you can enjoy your play-to-earn experience to the fullest. Just take a look at the tab with the proposed winning chance.

Table 1. Winning chance in each game

Stable BSW Rewards, Fixed Game Contract Price for 1SE & up to 200% APR

Let’s review the detailed calculations:

Table 2. Game Tactics

*All the calculations are made in BSW

Voting Options

We value feedback from our wise community. That is why, before making any decisions, we want to inform you of the idea and agree on the planning process.

As you know, we are constantly searching, analyzing, and comparing methods that will lead Biswap global project up and up. After thorough analysis, the Biswap team proposes a way to optimise the GameFi and update it to the Squid NFT World V2.0. The new version will include the following innovations, which are required to keep the striking advancement of Squid NFT World.

❗️Keep in Mind Important Aspects❗️

📍 Squid NFT World V2.0 does not require any new type of NFTs. All Squid NFTs can be used in the SNW V2.0

📍Note: If the Squid NFT World V2.0 is accepted by the Biswap Community, the first version of the GameFi will keep functioning till you get all rewards for current games, for your paid contracts.

In case of voting’s acceptance, you will have 2 days more after the end of voting to buy Game Contracts for 15 or 30 days to have the opportunity to play games in Squid NFT World V1.0.

Option 1: 🔥🔥🔥 Implement Squid NFT World V2.0

Fixed Game Contract Price for 1SE
Buying a Contract, you will pay BSW specifically for 1 Squid Energy per day, regardless of the level of NFT Player. It will greatly balance the disparity between Contracts’ price for NFT Players of different levels.
Winning Chance Increase
The probability of winning will range from 99% — 93% depending on the game played.
Stable BSW Rewards in Games
It will make GameFi APR prognosed, and it will be especially advantageous in tandem with almost infallible winning chance.
Realization of Optimised Economy
Stable BSW rewards will lead BSW and the Biswap project to an optimised economy, decrease the pressure on the GameFi reward pool and BSW token as a whole. In addition, it will cause a positive impact on Biswap ecosystem.

Option 2: ❌ No changes

Voting Duration:
📆 Start: 12:00 AM UTC, February 19
📆 End: 12:00 PM UTC, February 23

📩Vote here:📩

https://biswap.org/gamefi_voting

Voice your opinion and dedicate it to the enhancement of the BSW & Biswap GameFi economy!

Terms & Conditions

The voting period is from 10:00 PM UTC 18 February to 12:00 PM UTC, 23 February.
The voting counts BSW tokens in BSW Holder Pool, BSW Auto-compounding Launchpool, Manual BSW Launchpool, and BNB — BSW, USDT — BSW Farming Pairs.
If the number of votes is 51% or more for option “Implementing of Squid NFT World V2.0”, the implementation date of all important changes in Squid NFT World, will be announced by the Biswap team after the voting completion.
Once voted, you will not be able to vote again.
There is no need to unstake your BSW tokens from Farms and/or Launchpools to vote. The system will automatically sum up all your tokens locked in Farms & Launchpools. Your BSW tokens will stay with you.
If you are unable to vote on the Biswap Voting page, please vote on the snapshot.
Any changes will take place within 30 days after voting ends.

Disclaimer

As we operate in the DeFi space, the Biswap team assumes no responsibility or liability for the wallets participating in this community voting as this is out of our control. Biswap has never made use of the team’s tokens to manipulate the results of the community voting nor is planning to do so in the future.

Any reliance you place on the information provided by unofficial Biswap’s channels is therefore strictly at your own risk. Under no circumstance shall Biswap be held liable for the wallets participating in the current community voting. The results of this voting shall be considered accurate and fair therefore representing public opinion. Everyone has the right to voice an opinion.

Ending Word

The Squid NFT World V2.0 within all proposed changes is intended to build a sustainable, prosperous and long-lasting ecosystem for BSW token, Biswap and its products. Because, this and only this, is the main mission of Biswap team.

As you know dear Biswappers, significant improvement requires determinative decisions. We are deeply thankful for your vision and feedback which have taken Biswap to the supreme positions, gained great stats, established eminent collaborations and released the most innovative products

Join the Biswap Social Media:

🔥Website: https://biswap.org/
💻 YouTube: https://bit.ly/2YXYve7
📃 Medium: https://biswap-dex.medium.com/
💡Zendesk: https://biswap.zendesk.com/hc/en-us
📢 TG Channel: https://t.me/biswap_news
💬 TG Chat: https://t.me/biswap
🎮 Squid NFT World Chat: https://t.me/snw_biswap

International Biswap Communities

🌐 Indonesian-Speaking TG Chat: https://t.me/biswap_idn
🌐 Vietnamese Speaking TG Chat: https://t.me/biswap_vnm
🌐 Russian-Speaking TG Chat: https://t.me/biswap_rus
🌐 French-Speaking TG Chat: https://t.me/biswap_france
🌐 Portuguese-Speaking TG Chat: https://t.me/biswap_prt
🌐 German-Speaking TG Chat: https://t.me/biswap_germany
🌐 Chinese-Speaking TG Chat: https://t.me/biswap_china