Original article: "PSI has risen 4 times in a row. What is the difference between Trident's Risk to Earn on Arbitrum?"
Author: Peter Pan
In Greek mythology, Trident is the symbol and weapon of Poseidon, the god of the sea. Legend has it that he can control the ocean by waving the trident, splitting mountains, causing storms, tsunamis and even earthquakes.
In the 18th century, Britain became the hegemon of the sea and was known as the empire on which the sun never sets. In William Dyce's oil painting "Poseidon Grants Britain the Right to Rule the Seas", Poseidon, the god of the sea, handed the trident to Queen Victoria, symbolizing the granting of the right to rule the seas to Britain.
Back to the GameFi field, Arbitrum’s previous project “Trident” recently proposed a sustainable GameFi economic model of “Risk To Earn”, which attracted the attention of players and the community, and soared to become the hottest project in the Arbitrum ecosystem after its Token public sale.
Trident believes that not only in crypto games, but also in the broader gaming industry, games are becoming homogenized as game developers repeatedly hammer out the same formula in existing IPs. Next, Trident will create a free game not only for the crypto space, but also for ordinary gamers, removing all Pay to Win and winning the game based on the player's operating skills.
So can Trident live up to its name and gain the power of Poseidon’s Trident to dominate the GameFi market? BlockBeats will introduce this project to readers.
Project Introduction
Trident is a 2D MMO, procedurally generated infinite universe game developed by Geyser Forge Studios that proposes a new sustainable GameFi model "Risk To Earn" to enhance players' in-game economy.
Pets in the game are procedurally generated from a given set of limbs and body parts, some can be captured, and some can only be purchased in the game store. In addition, the game limits the number of planets generated as an anti-robot measure.
Risk to Earn
When players participate in P2E games, their gaming time does not convert to anything, because their data or time does not have any impact on the protocol, so the game party will not divert attention away from the benefits of economic participants. P2E will be more effective when participants speculate on in-game assets, and will collapse once faced with huge growth stagnation.
In Risk To Earn, players who are skilled and adept at the game will receive more attention and points, but when a player dies, all items will be dropped and then transferred to the surviving or winning players.
This is similar to "trading" in the financial market, when one person wins a game, they will receive a "risk" bounty from the loser, which is why it is called "risk to earn". This model will be sustainable, both players must bet, and the bounty will continue to flow back and forth between players. For unskilled players, they can play the game for free and continue to practice without taking risks in the game.
And, gaming should also not be a job, but rather a form of entertainment, providing more opportunities for players who spend time improving their skills in the game, while providing value to any audience for their gaming content. Therefore, Trident also supports audience betting, where players can simply bet on other players who they think are good at the game, whether it is an MMR matched elf duel, or a duel PvP mode.
Those players being spectated, if they win, receive a fee from the people who bet on them, which in turn incentivizes them to promote and create more content around their gameplay, and improve their gaming skills to bring more rewards to the spectators.
Additionally, players can choose to make their own sub-games based on the preset mechanisms Trident provides to users and hook into their Risk To Earn contracts.
Gameplay
Trident currently has two games in development: Trident MMO and Trident Sprite Duels, as well as Trident’s practice mode, Legacy Trident, which incorporates the Risk To Earn mode into its gameplay. Trident’s smart contracts run on Arbitrum, with plans to eventually expand to other Layer 2s such as StarkNet.
Trident MMO
Trident MMO is a procedurally generated infinite universe where players can explore vast and uniquely developed worlds, harvest resources, fight for control of territories, participate in bounty missions, and poach exotic creatures from distant lands. Currently, Trident MMO is not open to the public, and the Pre-Alpha version is under development.
Sprite Duels
Sprite Duels is a Pokemon-inspired battle game powered by Trident’s Risk To Earn engine, where players can capture or purchase procedurally generated pets and pit them against each other in a turn-based strategy style.
Entering the Trident official website, players first click the "Play" button in the upper right corner, connect the Ethereum wallet and the Arbitrum network, and then sign the message to register or log in. Then, click the "Sprite Duels" button to start the game.
In Pet Battles, each Pokémon has various traits that give them unique functionality, such as health, attack, and defense stats, and the Pokémon's type determines what types of attacks they're weak to.
Additionally, each sprite has 4 attacks, each with a type, power (base damage), accuracy, effect, and recoil. Effects and recoil are not yet functional in the game, but will be added soon. Attacks may also have unique effects such as defense penetration, self-repair, percentage damage, critical hits, etc.
Once a match between a player and an opponent begins, the game will proceed until one or both players are defeated. Each player will take turns selecting different attacks and abilities to use against the opponent's currently selected Pokémon. When a Pokémon is knocked down, it will automatically switch to the next living Pokémon from top to bottom, meaning that the order in which Pokémon are selected can have an impact on winning or losing the game.
Economic system
Trident NFT
Items in Trident can be minted into NFTs, which are standard NFTs that can be combined with other smart contracts on the Ethereum blockchain. Currently, both the MMO and Sprite Duels are in pre-alpha, and players will use Pseudo Kraken NFTs for the MMO and DegenScore Beacon NFTs for pet battles (DegenScore Beacon is a soul-bound NFT earned by demonstrating noteworthy on-chain activity and reputation).
Pseudo Kraken NFT, launched by Trident in October 2022 to celebrate the launch of Sudoswap. This is Trident's first NFT series, hosted on the Ethereum mainnet, with a mint price of 0.03 ETH, a supply of 3000, and serves as a future voting mechanism to influence content releases within the project.
PSI
PSI is Trident’s official utility token and will be used in various games in its future versions. It can be used to purchase items, redeem NFTs, bet between players, etc. Trident will collect fees from each successful bet and then destroy them permanently. Once the Risk To Earn integration is completed, the supply of PSI will be deflated.
PSI official contract address: 0x602Eb0D99A5e3e76D1510372C4d2020e12EaEa8a
On February 5, Trident announced that it had completed a $3 million financing through a public token offering at each PSI ($1.4305). The public offering was open to users holding DegenScore Beacon, CryptoPunk or Pseudo Krakens.
It is worth mentioning that the financing was oversubscribed by about 4.91%, but the oversubscription will be supplemented by the tokens held by the team, and the total token amount will not change. In addition, the circulating supply of PSI will reach 2,097,902, the market value of FDV will be 16,500,412 USDC, and the circulating market value will be 3 million USDC.
Since Trident announced its public financing through Token, according to Dextools data, the project has become the hottest project in the Arbitrum ecosystem, and its Token (PSI) is currently priced at US$7, an increase of more than 400%.
Background Resources
The Trident team is a group of experienced gamers and game developers.
However, Trident has been avoiding VC venture capital investment so far and plans to keep it that way. Trident said that it has seen many web3 games injected with venture capital collapse as their vision changed, so the core of Trident will be gamers, and it does not want to impose VC supervision and vision on the player group and harm the interests of players.
Future plan
Soon after the relaunch, Trident expects to launch OasisSwap, its native dex on the Arbitrum chain, in about a week.
In addition, in the first quarter of this year, Trident will gradually enrich the foundation of the game, such as the triangular combat system (melee, ranged and magic), introduce the first few items and inventories in the game, realize basic trading of items in the game, and introduce some equipment, loot and new interactive creatures, including the first resource collection in the open world.
Subsequently, player leaderboards and public account statistics were launched online, and the Alpha version of Trident MMO was released, as well as the matching mechanism of the duel PvP mode, providing Risk to Earn betting and funding content creation.
