In the bear market for a long time, the machine-made articles always come into our sight whether in the blockchain we-media or in the financial magazines. But what is the bright light of this long bear market? Let’s begin with the story of Elastos and FishChain.
This event is sponsored by GAEX.com, the world’s first game asset exchange and service platform for blockchain games. FishChain is a high-quality blockchain game project listed on GAEX.com, and they have developed Paopaoyu 1&2 (bubble fish), a website game with 30,000,000 players in the world. FishChain is a leisure game suited to the majority people in the blockchain field. Elastos is also a high-quality public chain which has cooperated with GAEX.com. The breakthrough made by Elastos with the blockchain technology not only provides a distributed application and the separation of the Internet for the first fully secure environment of the network, but also gives a full scalability for millions of users. GAEX.com knows very well about games as well as the public chains. Therefore, jointly with Elastos and FishChain, GAEX.com has prepared this event since July. After two months of development, it officially started on September 28.
GAEX.com has created a platform for games and public chain, while FishChain has created a unique playing method for Elastos. And the game content of FishChain is also a reservoir for Elastos, which can reduce the outside circulation, increase the amount of ELA holders and also improve the players from FishChain also get chance to know about Elastos. Some players buy a large amount of ELA in order to collect the customized ELA Fishes and ELA Fishbowls. The great involvement in this event proves it is a perfect practice for the blockchain games in the public chain. The auction is also an attractive part in the event, from 13:00, Sept 28, 2018 to 13:00 Oct 3, 2018. 240 ELA Fishes and 20 ELA Fishbowls have been sold during the auction, with the total income of 1306.23ELA. Part of the income will be put into the ELA mining pool in batches, to help the sustainable development of Elastos ecosystem. The process of auction is so exciting that a beautiful blue fish is bought at 100 ELA by a Elastos supporter from Australia, being the highest price for a ELA Fish. There are 3 phases for this auction: exploration, discovery and rationality. In the exploration phase, whether they are from the communities of Elastos or FishChain, users can explore the value of ELA Fish and Fishbowl in be means of exploring and discussing the game contents.
In the discovery phase, as some users become more and more aware of the contents of this event, they begin to think about the collection value and investment value of the auction items. Some users are willing to pay a relatively high premium for items with limited commemorative value. For example, the ELA Fishes with high computing power (greater than 350) with limited ELA fishing boats have been successively sold at the high prices of 50ELA and 100ELA. In the rationality phase, since some users’ collection needs have been met, most of the prices have stabilized during the auction on the last day, and no higher prices have been taken. However, the users who have possessed ELA Fishes have reconstructed the existing market value system in the game. According to preliminary statistics, the value of the rare genetic Fishes in the market has increased by 50% on the original basis.
After the small peak of the auction, we also summarize the feedback from communities. There are also three phases in the communities, similar to the auction: query, exploration and participation. In the query phase, the majority value of ELA. For this cooperation, FishChain has designed the unique ELA Fishes and ELA Fishbowls, which take example by the representative Jane Fairy from the previous game, Paopaoyu. Two gold ones are customized from the 20 fishbowls. There are only 200 fishbowls in the game. ELA Fishbowls are the mining machines which can mine ELA in the game. ELA Fishes are CPU which can provide the computing powers. Users can mine ELA by putting ELA Fish in the ELA Fishbowl. GAEX.com has sponsored 1,000 ELA as the initial mining pool to support this event. Part of ELA in this auction will be taken out into the mining pool, thus to promote the development of the whole Elastos economic system.
FishChain, Elastos and GAEX.com have done the adequate preparation for this event. The first is the different versions of posters, and also a live streaming in the telegram community of Elastos, to give detailed explanation of the contents of this event and the content of Fishchain game. These ELA holders would like to try FishChain and explore new ways of playing, while users in the communities are investment-oriented, so they haven’t fully recognized the value contributed by game contents for ELA. So at the beginning of the event, some people questioned it. At the same time, users from FishChain are not fully aware of the significance of this event. This is the beginning of the query phase. While questioning, users began to seek more information in the community for this cooperative game items such as ELA Fishes and ELA Fishbowls. This is the exploration phase.
In the Telegram, we can see that users are slowly changing. When more and more people learn that FishChain can give ELA Fishes and ELA Fishbowls more game contents, they start to participate more in the game, and would like to share more information about Elastos and FishChain in the communities. At the end of the auction, FishChain will gradually implement some of the game features, making ELA more entertaining in the game. In the ELA mining pool of the game, the initial mining is 1000ELA, which produces 500ELA in the first month, 250ELA in the second month, and so on. In addition, the ELA brand pool will be set up to allow more game users to purchase ELA to participate in the fish pool activities. In the end, the ELA fishing function will be launched to create demand for ELA in the game. We believe that with the participation of these sections and the expansion of the event, a more active ELA game world will be created in FishChain, making the players feel the fun and wealth brought by the game in the long bear market, and realizing the perfect combination of games and public chains.
Soon after, ELA Fishes and ELA Fishbowls will become certified digital assets on the Elastos side chain, and truly be part of the Elastos ecosystem.