Chess Dawgs
1. Understanding the Play-to-Burn Mechanism
In Chess Dawgs, each game involves:
Two Players placing an equal bet in $DDawgs tokens.
Total Prize Pool per Game: 2×Bet per Player=2B2 \times \text{Bet per Player} = 2B2×Bet per Player=2B
Tokens Burned per Game: 10% of the prize pool =0.1×2B=0.2B= 0.1 \times 2B = 0.2B=0.1×2B=0.2B
2. Total Tokens to be Burned
Total Supply of $DDawgs: 313 billion
Target Burn: 50% of total supply =0.5×313 billion=156.5 billion= 0.5 \times 313 \text{ billion} = 156.5 \text{ billion}=0.5×313 billion=156.5 billion
3. Calculating the Number of Games Required
To determine the number of games needed to burn 156.5 billion $DDawgs, we use the following formula:
Number of Games (G)=Total Tokens to BurnTokens Burned per Game=156.5 billion0.2B=782.5 billionB\text{Number of Games (G)} = \frac{\text{Total Tokens to Burn}}{\text{Tokens Burned per Game}} = \frac{156.5 \text{ billion}}{0.2B} = \frac{782.5 \text{ billion}}{B}Number of Games (G)=Tokens Burned per GameTotal Tokens to Burn=0.2B156.5 billion=B782.5 billion
Where:
BBB = Bet per Player in $DDawgs
4. Determining Games per Month
Assuming you have a specific timeframe in mind (e.g., 12 months), the monthly games required can be calculated as:
Games per Month=782.5 billionB×12\text{Games per Month} = \frac{782.5 \text{ billion}}{B \times 12}Games per Month=B×12782.5 billion
5. Example Calculations
Let's explore a couple of scenarios with different bet amounts to illustrate how the number of required games changes.
Example 1: Moderate Bet Size
Bet per Player (B): 1,000,000 $DDawgs
\text{Tokens Burned per Game} = 0.2 \times 1,000,000 = 200,000 \text{ $DDawgs} Total Games Required=156.5 billion200,000=782,500 games\text{Total Games Required} = \frac{156.5 \text{ billion}}{200,000} = 782,500 \text{ games}Total Games Required=200,000156.5 billion=782,500 games Games per Month=782,50012≈65,208 games/month\text{Games per Month} = \frac{782,500}{12} \approx 65,208 \text{ games/month}Games per Month=12782,500≈65,208 games/month
Example 2: Higher Bet Size
Bet per Player (B): 5,000,000 $DDawgs
\text{Tokens Burned per Game} = 0.2 \times 5,000,000 = 1,000,000 \text{ $DDawgs} Total Games Required=156.5 billion1,000,000=156,500 games\text{Total Games Required} = \frac{156.5 \text{ billion}}{1,000,000} = 156,500 \text{ games}Total Games Required=1,000,000156.5 billion=156,500 games Games per Month=156,50012≈13,042 games/month\text{Games per Month} = \frac{156,500}{12} \approx 13,042 \text{ games/month}Games per Month=12156,500≈13,042 games/month
Example 3: Smaller Bet Size
Bet per Player (B): 500,000 $DDawgs
\text{Tokens Burned per Game} = 0.2 \times 500,000 = 100,000 \text{ $DDawgs} Total Games Required=156.5 billion100,000=1,565,000 games\text{Total Games Required} = \frac{156.5 \text{ billion}}{100,000} = 1,565,000 \text{ games}Total Games Required=100,000156.5 billion=1,565,000 games Games per Month=1,565,00012≈130,417 games/month\text{Games per Month} = \frac{1,565,000}{12} \approx 130,417 \text{ games/month}Games per Month=121,565,000≈130,417 games/month
6. Summary Table
Bet per Player (B)
Tokens Burned per Game
Total Games Required
Games per Month (12 Months)
500,000 $DDawgs
100,000 $DDawgs
1,565,000 games
130,417 games/month
1,000,000 $DDawgs
200,000 $DDawgs
782,500 games
65,208 games/month
5,000,000 $DDawgs
1,000,000 $DDawgs
156,500 games
13,042 games/month
7. Factors to Consider
User Base Growth: As more players join Chess Dawgs, the number of games played per month can increase, accelerating the burn rate.
Bet Adjustments: Adjusting the bet size can help control the burn rate to align with your ecosystem's sustainability goals.
Game Popularity: Higher engagement and retention rates lead to more games played, directly impacting the number of tokens burned.
Marketing and Incentives: Effective marketing strategies and in-game incentives can boost player participation, contributing to a higher number of games.
8. Recommendations
Monitor and Adjust: Regularly monitor the burn rate and adjust the bet sizes or other game mechanics to ensure sustainability.
Incentivize Higher Bets: Encourage players to place higher bets through rewards or bonuses to increase the tokens burned per game.
Expand Player Base: Focus on growing the community to naturally increase the number of games played each month.
Conclusion
Achieving a 50% burn of the 313 billion $DDawgs token supply requires strategic planning around bet sizes and player engagement. By understanding the relationship between the bet amount and the number of games needed, Chess Dawgs can effectively manage its tokenomics to support a healthy and sustainable ecosystem.
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