Everyone has seen how popular Bigtime has been in the past two weeks. Our team was also an early participant in the game, having participated in early trials and community building in January of this year, and was officially announced as the community with the largest traffic contribution at the time.
Most articles on the market only provide a limited understanding of the game, trying to interpret the entire game from a single point (such as gold farming), or they are too complicated and general, talking about a lot of things that have nothing to do with making money.
This article mainly shares how you can participate in Bigtime to make money. It is mainly divided into four roles:
1) NFT producers: mainly make money by selling equipment
2) Gold Farmers: Mainly rely on dungeon play to make money $Bigtime
3) Speculators: They mainly make money by buying and selling NFT and $Bigtime
4) Airdrops: Mainly through ranking in order to obtain airdrops
The airdrop party hardly participates in the economic cycle within the game. The economic flow between the first three and the project party is shown in the figure below. In this way, we can clearly understand whose money we want to make and make operational decisions based on the progress and popularity of the game.
Identity and corresponding economic model
1. NFT Producers
As an NFT producer, your role is more like a businessman. After producing the equipment needed by gold farmers, you sell the equipment and realize the profit. Your main costs and benefits are as follows.
Cost: paid to project owners and token investors
Buy a blind box, open the NFT and sell it. Blind boxes are a low-cost way to enter the market. The initial blind box price = the issue price.
Buy a furnace (produces weapon NFTs); buy a workshop (produces armor and accessories NFTs); buy a guard (produces hourglass NFTs)
When buying space, guards, furnaces, and workshops must be placed in spaces of corresponding levels.
Production process: consumes $Bigtime and crystals.
Income: From gold farmers/investors
Sell weapon accessories: Sell to high-level copy enthusiasts
Sell hourglass: Sell to gold farmers / hourglass manufacturers
Space: You can harvest a random broken hourglass, which can be decomposed into $Bigtime
Features:
The initial investment is huge and the payback period is slow. The payback period of the guard production hourglass is relatively stable, currently about 15 days (10/16), and after the deletion test is over, the assets on the chain will exist permanently
After entering the buyer's market, if the price of the produced NFT rises, the payback period will be greatly shortened
The operation takes a short time and requires entering the space to collect NFTs such as hourglasses and sell them on the OpenLoot market
Need to plan the space layout + arrange the timetable for guarding the production hourglass
The lack of economic model in the current version: For the current pre-season version, except for the time guard, the lack of staged empowerment of accessories and weapons is obvious. The production of a white weapon that consumes hundreds of bigtime tokens can often only be sold for a few u. The current version of armor and weapons has very limited benefits for gold farming compared to the hourglass, after all, the hourglass does not consume $Bigtime during production. Therefore, the main means of consuming $Bigtime has not been activated.
Is the token deflationary? The $Bigtime consumed in production will enter the gold-farming pool. When the consumption is greater than the output of gold-farming, gold-farming will no longer issue additional tokens but will give priority to the gold-farming pool. Therefore, the token model has the theoretical possibility of "deflation".
Do producers participate in the game: Do producers need to play dungeons? Yes, some red crystals and production amplification items are dropped from dungeons. For producers, these items are often more valuable than $Bigtime. So the purpose of producers playing dungeons is different.
2. Gold Farmer
Gold Farmers are a more common role, making money by selling their time and gaming experience for gaming incentives.
Cost: paid to producers & project parties
Buy an hourglass and charge it (charging requires holding space + guarding, and consumes crystals)
To enter some glory dungeons, you need to hold specific NFTs, such as specific skins, titles, or consume crystals.
Entering some glory dungeons consumes $Bigtime. It is not recommended to enter such dungeons at present. There is a risk of not being able to recover the investment.
Game technology (skill configuration, game equipment, professional skills, familiarity with the map) + a lot of time
The following is a summary of the equipment and minimum cost required to participate in the game as a gold farmer (price collection time: 2023.10.16):
Revenue: $Bigtime
Features:
Small investment, quick return, and limited profit ceiling. (Advanced copies require advanced equipment and additional capital investment)
The producer will exaggerate the gold value of the product. You need to try it yourself to understand the copy mechanism. DYOR
The operation takes a long time and requires understanding of the game and finding specific high-reward copies, such as the current high-reward glory copy Pharaoh's Tomb.
Recently, the official has adjusted the amount of dungeon rewards every day. Gold farmers need to familiarize themselves with the latest reward mechanism by frequently brushing dungeons.
* As a test for deleting the data, gold farmers need to know that if the game assets cannot be ultimately converted to NFT, they will no longer exist after the data is deleted.
The rate of return on gold farming is closely related to one’s understanding of the game mechanics. Taking the optimal solution for gold farming on a certain day, the Pyramid dungeon, as an example, the gold farmer’s operation process is as follows:
Purchase the NFTs, hourglasses, guardians, etc. needed for gold farming, and charge the hourglasses.
A team of 6 people entered the game and searched for copies on multiple servers.
When you find a suitable high-yield copy (such as the Glory Copy - Pharaoh's Tomb theme), call members to gather in front of the copy gate.
When entering the dungeon, the team leader needs to be very familiar with the random map, command the team members to run to the corresponding positions as soon as possible, and equip the hourglass when fighting monsters to increase the token drop.
Take off the hourglass after completing the level to avoid wasting time charging the hourglass.
You can sell instance loot, recharge the hourglass, extract $Bigtime tokens for sale, etc.
* Pyramid speedrun, the value changes every day, the daily optimal solution for gold farming is different, so there is no concept of payback period in the traditional sense of traditional game. If you can't find long-term fun in the game process, maybe gold farming is not a suitable position for you. For the studio, the operation scale is no different from that of Fantasy Westward Journey and World of Warcraft studios, and it depends on luck.
3. NFT/$Bigtime Investors
Cost: Purchase NFT/$Bigtime
Profit: NFT/$Bigtime bid/ask spread
Be sensitive to NFT market information, and mainly make money from information gaps, such as: statistics of OpenLoot market business data, crawler monitoring, position distribution, and large-scale behavior. Be sensitive to the output relationship on the $Bigtime chain and price fluctuations
4. Airdrop
Get airdrops by brushing the pre-season leaderboard. As long as you get at least one point in a month, you are eligible to appear on the monthly leaderboard. The number of copies also has a bonus on airdrops. Even if you hardly spend money, you may still get a large airdrop.
Your ranking on the leaderboard determines your reward level. The more points you have, the higher your ranking will be, and the richer the rewards will be. Players can earn points by doing the following:
Invite friends
Level Up
Using the Workshop
Perform a Glory Portal
Finally, let’s take a look at the costs and benefits of the project, which will help us better understand the entire Bigtime economic ecological closed loop.
Controllable costs of the project party:
Pull $Bigtime
Airdrop $Bigtime
Huge benefits: focus on a universal kill in every environment
Blind boxes are sold to NFT speculators & producers
Selling crystal, red crystal, etc. to producers & gold miners
Titles are sold to gold farmers (titles cannot be produced, only purchased)
All transactions are charged a handling fee / withdrawal fee
Project key information
Game official website: bigtime.gg
Official secondary market: openloot.com (enter code: BaconBK when placing an order, there is a chance to get an airdrop box)
Gold Farming Equipment Requirements: Windows system, GTX 1060 / Rx 580 or higher, 50GB hard disk space
Financing Background
BigTime completed two rounds of financing in May 2021, raising a total of US$21 million, of which US$10.3 million was led by FBG Capital.
In addition, BigTime has also sold virtual assets such as test game pass NFTs, mystery boxes, and SPACE NFTs through the Binance NFT market and the official market in the past two years, with cumulative sales revenue exceeding US$70 million. The main theme is that there is no shortage of money. However, the project party entrusted these assets to Grayscale's financial management platform. Last year, the platform collapsed and Bigtime suffered heavy losses. It was eventually compensated in the form of Grayscale stocks. Grayscale and Circle also have a deep cooperative relationship, which explains why Bigtime strongly supports USDC.
User data
From the on-chain data, we can see that there are currently 3,933 independent addresses that can produce $Bigtime, with a total output of more than 25 million. The selling pressure also basically comes from this part of the tokens. If the buyer's market cannot bear it, the price of the currency will be difficult to rise.
The corresponding token market can also be seen from the K-line chart below. Combining the two pictures above and below, we can see that a lot of tokens were produced in the first three days, but the price of the coin remained so strong. This was mainly because the liquidity on the chain was very poor at the beginning, and the project party did not add many pools at all. The main tokens were all on OKX, but OKX also restricted the buying, selling and withdrawal of trading pairs, resulting in these "mining coins" being unable to be sold in time, forming a situation where the buying volume was greater than the selling volume. In the following days, many people also had tokens and passed KYC, and the daily gold production output also decreased, so the price was naturally smashed down.
Of course, the token price is also related to the consumption during the in-game gold farming process. As mentioned above, when the consumption exceeds the gold farming output, gold farming will no longer issue additional tokens but will give priority to the gold farming pool. Therefore, there is a theoretical possibility of "deflation" in the token model, which is a positive mechanism for the coin price.
Deposit and withdraw game NFT
Transfer out NFT: Download the OpenBlock wallet plugin, go to the openloot homepage, click your avatar and select My Collection, select NFT on the Items to Sell page and click Withdraw. Click Connect Wallet, select the Little Fox wallet (which will automatically jump to the OpenBlock wallet), complete the signature authorization, and click Pay gas and Withdraw according to the prompts.
Transfer to NFT
Go to the openloot homepage, click on your avatar and select My Collection, click Deposit on the In-game Items page, and follow the prompts to transfer the game NFT.
