Jun 15
Recap of the KaraStar AMA with Blockchain Space
On Monday, June 13th, we had the pleasure to welcome to our Telegram chat:
Alexia, The Public relations chief at KaraStar.
We asked her questions about the development of KaraStar.
INTRODUCTION
Q~ Thanks for joining us today, could you give a brief introduction about yourself and KaraStar to our community firstly ?
A~ Really excited to share KaraStar with all of you 🥰
This is Alexia from KaraStar, as a Public relations chief in KaraStar, I am so happy that I have this opportunity to take part in this AMA.
Quick intro of myself, before KaraStar, I was the Head of Digital Finance at a public-listed Fintech company, and I graduated at Cambridge University and also a PhD candidate at Stanford University.
KaraStar is a Play & Earn Metaverse game on GameFi 2.0-based ecosystem.😎
We firmly adhere to long-term-ism as well as sustainable development. Friends familiar with us may learn that we’ve already raised more than $10 million from IDG, Kucoin and Circle.
In the past 7 months, we have performed very well. In the phase of beta, Karastar reached a peak of 260,000 daily active users and 1.4 million registered users. It has developed steadily since its publishing 7 months ago, and is about to ‘usher in an explosion point.
Q~ Can you tell us more about KaraStar gameplay and how it differentiates from other games ?
A~ Wow, wonderful question!
Do you know a term of Ponzi?
As we know, GameFi on the market now is P2E mode. Most, however, are Ponzi schemes.
Imagine having a Doraemon’s pocket that ‘conjure a lot of money - we’d all be rolling in riches! I want to be a rich baster! But as adults, we realize that this dream we had as children is simply not feasible, due to the principle of inflation.
When the money in circulation increases, the cost of goods and services increases accordingly. The principle that a burgeoning money supply, causes high inflation is one of the basic laws of economics.
A Ponzi is usually defined as “an investment fraud that pays existing investors with funds collected from new investors”. In such schemes, investors pay a general manager who promises them a high return. The money being paid out to these investors, come from the payments of later investors. There is no legitimate income stream into the structure, save for the incoming funds of those who have newly joined.
For the most basic of P2E games, the profit of this model hinges on newer players constantly joining.
However, the threat of demand dying down is very real - possibly through the oversaturation of the P2E market. RIGHT??
The result is that the liquidity pool is not growing, but is being drained by players looking to cash out. This is usually a zero-sum game - where earlier investors take all and newer players do not get a healthy return on their investment.
That is why most GameFi are ponzi. Unsustainable, short term playing,etc.
However, Karastar and Kara Tokenomics deals with it!!
I will tell you how it works later.
Q~ What significant milestones has the team attained, can you unveil some of your most exciting plans for 2022 ?
A~ On May 12, we have been listed on KuCoin.
Being listed on KuCoin in the extremely poor market environment last month, we’ve currently ranked no.1 in KuCoin's new arriving listing, with the trading volume exceeding 10 million within 15 hours, and the currency price rising 274% in a single day, which is enough to show our courage and the quality of the project.
It’s a marvelous cooperation between KaraStar and KuCoin, which have high expectations in several places.
It can be seen that words such as world premiere, extreme program, and great project are used for this listing activity on KuCoin's official website, which highly evaluates this extraordinary project. It is widely known that Forbes named KuCoin as one of the Best Crypto Exchanges for 2021.
According to CoinMarketCap, KuCoin is the 6th largest crypto exchange with over 60 billion daily transaction volume. And it is a very pleasant surprise that KARA, the token from KaraStar, also listed and can be tracked on CMC before this cooperation.
KaraStar and KuCoin were founded on a vision of a more equitable financial system - the people who are building, investing, and benefiting from this system should be representative and inclusive of all. As writers at TechCrunch ask, “Why re-build hierarchies of exclusion in this new era?”
Metaverse, GameFi 2.0 and Play & Earn, are all about democratizing financial systems as we know them through and through, not just in the technology and structure, but in the makeup of their users and community as well.
Countless studies have found that greater diversity leads to stronger outcomes and better problem-solving. KaraStar and KuCoin are helping fulfill that vision.
We have every great reason to believe it to be accurate - KaraStar 2.0 is not the end; it is a new start. It’s timing for the kara metaverse now! This rising sun clearly illuminates a bright horizon ahead, and the world is in for a ride of the century.
QUESTIONS FROM TWITTER
Q~ KaraStar is a really interesting platform, but there are many NFT games similar to KaraStar out there, so can you tell us why we should play or invest in KaraStar, and what benefits and advantages you will bring to your users ?
A~ We are not like the Ponzi. We are ‘Play and Earn’, and we have our own Karanomics as I told before.
The new version of Karastar was launched with a new goal, hoping to evolve from “play to earn” to “play and earn”.
We hope that users can not only gain more long-term value in the project, but also gain more fun in the game, rather than mechanically completing simple tasks driven by interests.
And the aim of any good token-based project is twofold. First, to ensure that the token is high in value, and gives investors good returns. Secondly, to ensure that these good returns are stable and sustainable over the years.
Now, while it seems like these two goals are at odds with each other, strong tokenomics management and dynamic response by the team make it possible.
To improve the input-output ratio and resource utilization of land, we decided to set up that The $KARA amount you earn from plunder is related to the land output capability; that is, the $KARA amount you earn from plunder is equal to looting, defense or exploration The product of $KARA successfully obtained and the output capability of the land.
Q~ I can't find any web/app link to play the KARA game. So where can we play your game? is there an option to play with friends/multiplayer in the game? And how much does it cost to play ?
A~ Good question!!
Here is the website of our game
You can download our game on it! KaraStar currently supports Windows and Android phones. We not only have official game websites, but also game APPs.
The PVE in the game is man-machine mode, PVP is two-player mode, and guild war is Multiplayer mode, you can find allies within the community and form a guild for group warfare. The game requires 3 Karas, you can buy it on our official website. It is much cheaper now.
And we now have a Mystery Box event, As long as you buy, we will give you 100% rebate.
Q~ I read on your twitter about KaraStar Land Carnival. Can you please talk and elaborate what is the Carnival about? Is this event only for KARA token holders? What if we want to participate in it ?
A~ Sure, I can send you the link of the info
👆Read the news to know more detail
Land Carnival means that as long as you own a piece of land, you can produce KARA for free.
The event is not only for KARA token holders, but only for the landlords, which means you have to own one piece of land.
Everyone can buy on our marketplace
Q~ Why did KaraStar choose GameFi 2.0. What makes the difference from GameFi 1.0 to 2.0 ?
A~ In order to retain players, the team needs to focus on functionality and playability, only in this way can traditional games really provide fun and community for the game itself apart from revenue. This is the way GameFi 1.0 evolved to 2.0.
The Highlight of KaraStar 2.0
1) Game-Fi 2.0: We focus on features and playability in a way that traditional games can truly provide enjoyment and community for the game itself, not just revenue. This is how GameFi1.0 is evolving to 2.0.
2) Complete game ecosystem: The core of the Land mode is the mechanism of mutual plunder. Players can plunder the benefits of other players through their powerful karas in the land, which can promote the interaction and ecology of the whole game, enable more players to improve their karas' ability and increase the money consumption in the game for higher returns.
3) Healthier economic model: Investors at different levels can have a strong interest chain. Most of the income for small investors comes from other whales rather than the income given by the project party, which can reduce selling pressure to a great extent.
Q~ I realized that the new version of Karastar is trying to transform from "wintoplay" to "playandwin". So why did the Karastar team feel the need to make such a change?What differences do you expect to occur between the two ?
A~ As I said before, different from the traditional game, the strategy of kara skill cards and the lineup can make more players get higher rewards in PVP and Land mode while experiencing the fun of the game.
It is clear that a game that only focuses on the money-making aspect is not sustainable. This is because the value of their crypto assets is directly tied to their earning potential. So, in order for the game to be sustainable, it needs to provide value other than simply earning money.
That's what Play and Earn is all about.
QUESTIONS FROM TELEGRAM
Q~ How to realize a win-win situation for investors and the project ?
A~ We’ll need to continue to stabilize the economic model, pursue long-term sustainable development, continuously attract new investors, and make the overall project bigger and stronger.
Q~ User experience is a very important issue, especially for new users, what efforts has Karastar made ?
A~ When new users enter the site, they will be suppressed by regular ones. Therefore, the site of the game has been partitioned. Users within the same level range will compete in the same session, so they won’t be hit by regular users.
In the Land Mode, in order to prevent new users from being robbed by regular users, the limitation of plunder times, the land protection shield, the inability for Marauder to restore HP, etc. are set up to enable new users to quickly stand on their feet.
Q~ As an ordinary user, how can I participate in the Karastar project? And what should we do to maximize the profits ?
A~ Users can buy 3 KARA NFT to participate in the game. Now there is a blind box activity with 100% return and 0 cost entry.
After entering the game, users can continuously upgrade their KARA NFT, participate in the World Boss and join the guild every day, so as to obtain the highest income with minimum investment. After obtaining certain income, they can also invest in land to increase their income.
Q~ What great achievements has Karastar made so far? What difficulties and risks have you encountered during the implementation of the project, and what factors have prompted you to overcome them ?
A~ The first sale of NFT reaching $6million, receiving investment from Kucoin, Circle and IDG, ranking first in the Kucoin list, with the trading volume on the first day of the transaction exceeding 10 Million USDT, and followed by many international media such as Bloomberg, CMC, NASDAQ, Yahoo Finance etc.
Q~ Staking program is very important for every project. Can I stake your token, do you have any plan of starting a staking program ?
A~ Sure, you can stake KARA token on our farm pool!! You can also stake your Kara NFT on the land so you can raise your Output Ratio!!
CONCLUSION
IT IS THE BEST TIME TO PLAY KARASTAR!!
BUY KARA!!
BUY MYSTERY BOXES!!
It’s really nice having the KaraStar project in here!!!
You can check out their Website for more details. You can also follow them on Telegram and Twitter to keep up to date with all things relating to KaraStar.
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