HEROCAT AMA (English)

1. Preface

Dear community members,

Greetings! We received many positive feedbacks from the last two AMAs that we have held. Thank you so much for your support.

The aim of our AMA activities is to help more community members have a better understanding of our recent planning and HEROCAT GAMEFI. In fact, we have been working on advancing our project based on our roadmap, and improving the project ecosystem and its economic cycle. We believe that our project develops sustainability, so we hold AMA when there are important updates about our game. This AMA is about to last 30 mins.

As there are more new game modes and features that are about to launch during this period, and we want to make sure that players can clearly understand the contents, we decided to increase the frequency of AMA, while improving the quality. Stay tuned!!

Today’s AMA is mainly about our upcoming DEFI3.0 which is about to launch soon. DEFI 3.0 is another innovative feature of our project, which is quite different from the DEFI of other projects. Of course, we believe that our DEFI 3.0 has more game features, and I am going to explain in detail our first version of HEROCAT DEFI 3.0. Don’t miss it!

HERO CAT DEFI3.0:

HERO CAT DEFI3.0:

GAME + DEFI = GAMEFI. The combination of Game and Defi produces brand-new gameplay and economic cycle. Defi can make a single economic system more dynamic and help with the liquidity and stability of the token produced in our game, such as staking your tokens to our DEFI programs to participate in liquidity mining. Players who have participated in our last AMA should have a basic idea about our HEROCAT DEFI 3.0. This time, I am going to elaborate on it with more details.

liquidity provider

The Introduction of Liquidity Provider

In most projects, players need to have the “LP” tokens of the project to be eligible for liquidity mining. Our project also needs players to gain “LP” by adding their assets to the liquidity pool in PancakeSwap. Players need to add dual currency “HCT+BUSD” in the liquidity pool to get “LP”. The value of “LP” changes with the value of the token. When the price of HCT is low, then the cost of “LP” is lower. Vise Versa. That is to say, the cost of “LP” will be higher when the price of HCT increases.

Limited Shares of LP:

There is no limitation of shares in most DEFI programs, however, we decided to adopt a “limited share + quota” system in our DEFI 3.0 program. The total quantities of LP are limited in each staking pool and the share of LP is based on the related levels of in-game characters that players own in our community. The “First come first served” rule is also applied. If the quota of LP is fulfilled, then no extra seats would be available for other community members until some players withdraw.

Multiple Stakiing Pools:

HEROCAT DEFI3.0 is associated with multiple systems, so we have set up different DEFI Staking pools.

Staking Pool A: Mining Pet HP Staking Pool

We limited the share that players can stake in Staking Pool A, based on the levels of mining pets (MUMU & TOTO). The higher the level of mining pet is, the larger the share that you can stake. Vice versa.

Staking Pool B: Combat Power Staking Pool

The Staking Pool B is related to combat power. The share in Staking Pool B will be determined by the combat power of your hero squad. The higher the combat power is, the larger the share that you can stake. Vice versa.

Staking Pool C: In-game Super Mine HP Staking Pool

TheStaking Pool C will be influenced by your in-game hash power. The stake share in Staking Pool C will be influenced by the HP of the Super Miner Cat squad. The higher the hash power is, the larger the share that you can stake. Vice versa.

Staking Pool D: Lucky Staking Pool

The shares in this staking pool will be randomly settled by lotting.

Introduction of HEROCAT DEFI 3.0 Staking Pool A: Mining Pet HP Staking Pool

Today, we are going to elaborate on the upcoming DEFI 3.0 Staking Pool A - Mining Pet HP Staking Pool

MUMU and TOTO is the first step that players participate in HEROCAT GAMEFI. They are not only the first characters in our game but also our foundation, as players who are eligible for playing the game must have MUMU or TOTO. With the development of our community, the application of MUMU will be extended. And this staking pool is the first part of the extension. More upcoming features and game modes will be based on these two mining pets. Meanwhile, for those players who have not paid attention to mining pets, please take this as a chance.

Staking Pool A: Mining Pet HP Staking Pool

Staking Pool A limits the share and the quota. Players need to get their LP quota based on the “first come first served” rule. When the quota is fulfilled, no extra seats would be available for other community members until some players withdraw.

The level requirements for shares in staking pool A:

We limited the share that players can stake in Staking Pool A, based on the levels of mining pets (MUMU & TOTO). The higher the level of mining pet is, the larger the share that you can stake. Players can get 2 LP shares per hash power, the maximum LP that you can stake is 20,000.

The Double Staking in Staking Pool A

Staking Pool A consists of the initial staking pool and re-invest staking pool

The initial staking pool: The shares of LP players can stake are related to the number of players in our community, the hash power of mining pets, the combat powers of hero cats, the hash power of miner cats. In this staking pool, more shares of LP the player can stake if the level of his mining pet is higher. The liquidity mining rewards will be gained every 24 hours.

Re-invest staking pool: The quantity of HCT that players gain in the initial staking pool and re-invest staking pool determines the LP shares that players can stake in the re-invest staking pool. The more the output of HCT is, the more the shares that players can stake. The shares that players can stake in this pool will be updated every day. The annualized rate of return in the re-invest staking pool is higher than the rate in the initial staking pool. The liquidity mining rewards will be sent every 24 hours.

When players successfully stake in the initial staking pool, they will gain the re-invest share that they can stake their rewards after the first liquidity mining in the staking pool. The quantity of HCT farmed in the initial staking pool determines the LP shares that players are eligible for in the re-invest staking pool. The more the output of HCT is, the more the shares that players can stake. We can increase the output in staking pool A by re-investing our LP. The annualized rate of return in the re-invest staking pool is twice the annualized rate of return in the initial staking pool. This is a new DEFI mechanism created by the HEROCAT team. Players can stake and withdraw freely in other DEFI projects, however, in HEROCAT DEFI 3.0, we have limited shares and quota. You can withdraw at any time, while it is impossible for players to stake at any time unless there are players who want to withdraw.

The Annualized Rate of Return in Staking Pool A

There are a lot of differences between the common DEFI project and HEROCAT DEFI 3.0. I believe that you have noticed that our DEFI 3.0 consists of the initial staking pool and re-invest staking pool, and then return in the re-invest pool is much higher than the return in the initial pool. Besides, the annualized rate of return is not fixed as the return is calculated by our AI algorithm based on the price of HCT. Theoretically, there is no upper limit on the annualized rate of return.

The output of staking pool A:

If you think that is all about our DEFI 3.0, then you are wrong. It is still in its first stage. With more staking pool opening, HCT will not be the only output that players gain in the staking pool. Try to imagine that players can get the tokens of other projects and our in-game items in our DEFI 3.0, that must be super cool! But first of all, you need to get the LP shares before you can enjoy the benefits.

In all, DEFI 3.0 is an economic system that our team spends a lot of energy and time on its design. People who are eligible for our DEFI 3.0 are those who have strong passion and faith for HEROCAT. We provide community members who help with the stable development of our project with abundant rewards.

Summoning Super Miner Cat

Are there many players, like me, who can’t stop opening chests to build my hero squad? I believe players already have their powerful squad after ten days of playing our game. However, many of you might notice that the probability to get legendary or holy miner cats is very low. Most players, no matter how hard they have tried, only got GAGA and LULU. As the initial hash power of GAGA is higher than LULU, most players have a lot of LULU that they do not use. Their values cannot be reflected. Thus, we have added a new game function for our super mining - summoning the super miner cats!!!

On January 12nd, our admins have posted 4 pictures of our new characters.

A lot of people guessed that the pictures are the new super miner cats. You are right!! This new function is the same as summoning hero cats. Players have the chance to summon a new super miner cat, like summoning “Cream” and “Rock”, according to the quality and quantity of the cats that are consumed to summon. Super mining is an important part of our game, but please do not compare or contrast it with mining pets. They have their own path of development, so do mining pets. One similarity between them is that their application will be more than what you can imagine now. I will talk about this in our future AMA.

The testing of the economic model of the guild system in test server + upcoming launch

In fact, many players have experienced our guild system in our closed beta. This is a unique DAO, which can help players have close interactions. It is the same when we compared it with reality. People and society become stronger through communication and cooperation.

Utilizing the data in closed beta, we are going to optimize the guild system and test the economic model in our test server. After testing, the guild system will be officially launched in our open beta. Let us see which guilds will be the “Top 1 Guild” in HEROCAT!

Ending

Normally, I am going to say “that is all for today’s AMA”. However, I want to take this AMA as a chance to say something to our players.

Compared with many projects in this industry, HEROCAT is still young. When it comes to our planning and our roadmap, we have only completed 5% of our goals. From the launch of our open beta, we have received so many compliments, applause, and some doubts.

In fact, I believe you can feel the change of HEROCAT. While other projects spent 1 quarter on changing their system, we spent 1 month; while others spent 1 month, we only took 1 week, and even 1 day. Of course, it is inevitable to see some problems occur when we optimize the ecosystem. One thing that makes me feel so grateful is the understandings and patience of our players, as well as the influx of new players. I believe that we are forming a consensus step by step. All of you know that we pursue a long-term stable metaverse and it takes time for us to achieve this goal. All players here are the witnesses.

Our team never escapes the doubts, such as the lower output and the imperfect functions. From my perspective, some people are a little bit too tough. The development of Etherum also took time, and the value of ETH was far less than its present value. AXIE spent 4 years reaching the top, and it is not proper to compare it with our project, which only has 4-month history and launched its open beta 15 days ago. Some projects that launched at the same time with HEROCAT were no more exist, while HEROCAT still grows relatively fast.

Players in this group are those who trust our project, so we have stood together. It is like having a relationship. You love the person you choose, and both of you have mutual understandings, and you trust each other, Then you will have a wonderful relationship at the end. However, if you find that you do not love him/her anymore, then you should leave and find another one. People can’t have “fruit “of love within 2-3 days, while it is more possible to be harmed.

Thank you all for being here and participating in our AMA, wish you all the best!

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