Inite - become an idea machine
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Inite - become an idea machine
Introduction Gaming and games are an important part of modern life. The total market size for the industry in 2021 was estimated by Newzoo at $175 billion and the online gaming world in particular is growing at breakneck speed. Worldwide lockdowns have accelerated adoption of online gaming and resulted in a significant uptick in revenues. According to Statista, online gaming generated $21 billion in revenue in 2020 - a 21.9% jump from the previous year. Blockchain’s influence on gaming cannot be ignored. The success of Axie Infinity and the “play to earn” lifestyle model is creating a new revolution in the gaming industry that can be compared with the impact of CS, WoW or FIFA years ago. The central point of this revolution is that gaming has become more than an industry. It’s now a fundamental part of life for millions of people and communities, exemplified by the way the “play to earn” model is no longer disconnected from other life processes. At the same time, the problems facing the world, from climate change to the coronavirus pandemic, become increasingly complex. They affect all spheres of human existence: social, economic, political, environmental and others. Complex problems need a complex solution that acts in different directions at the same time and that solution requires new approaches that go beyond traditional ways of thinking. Modern gaming metaverses is one such environment that can help in the solution of complex problems, bringing people value and teaching good habits. And Inite is an attempt to create such a metaverse. It’s a unique motivational game based on the scientific approach that combines blockchain gaming with innovative ideation. Players receive daily tasks to boost their creativity.
Inite Value Solving problems requires new approaches that go beyond traditional ways of thinking. It requires that people know how to integrate disparate areas of knowledge, in particular, to combine creative and scientific thinking. However, despite the best efforts of copyright specialists, it is becoming increasingly difficult to protect the uniqueness of a technology or development, even in the technical field. The situation is even worse in the field of "pure ideas", where it is almost impossible to prove that you were the originator of any specific concept. This is where Inite steps in to solve the problem with blockchain technology, by providing users with a tool for free idea tokenization and a mechanism for validation. Inite is a gaming tool that can help users boost their creativity and cognitive skills by creating and documenting new ideas, building positive habits at the same time. This is all the more relevant today, when the cliched mindset and fast pace of modern life negatively affect IQ and cognitive abilities. Inite also helps address the ongoing problem of lack of money and poverty for developing countries. The “play to earn” model gives anyone with an internet connection the opportunity to earn cryptocurrency and generate a sustainable source of income. Blockchain games can help in the fight against poverty and Inite financially stimulates users to perform useful actions for their personal development.
The Inite Platform The basic mechanic of the Inite platform is based on users writing out ideas every day and breaking them down into daily, monthly, and yearly intervals to help schedule time and set life goals. Ideas are represented in the form of NFTs. Users not only suggest and fix their ideas, but are rewarded in game tokens (see below). Each idea can become the subject of discussion within the community and get support and feedback. And if a user generates revolutionary ideas, they can sell those innovations in the form of NFT tokens on the Idea Marketplace. Key features of the Inite platform Tokenized economy allows you to earn from your ideas Built-in market for buying and selling NFT items AI for generating ideas for a given theme Engaging battles with bosses Real-time communication with like-minded people Clan system and ability to create DAOs Referral system Idea challenges and rewards Inite is designed to host idea challenges. Every challenge member has a defined amount of time (from a day to a month or more) to create an idea on a given topic. The Inite platform gives INIT tokens to participants. There are currently three types of challenge: Challenges directly from the Inite platform team are rewarded in INIT tokens, IDEA tokens and double experience; Users can create their own challenges and define their own rewards in INIT or IDEA tokens; Partner challenges are only open to users who hold NFTs from the partner. Rewards are INIT tokens and bonuses from the partner.
Inite DAOs Decentralization and Web3 as a service is an important part of the current blockchain revolution. DAOs give users an opportunity to unite in groups and govern assets together. Inite users will have this ability in the game - to create and join clans (in the form of DAOs) based on their values and area of interest. Active participants create their own clans, recruit colleagues and together bring the idea to life, earning from the price growth of the idea token. In doing so, DAO clan participants in the Inite ecosystem support each other financially and manage assets. Of course, participants can also help each other come up with and implement new ideas, as well as teach each other useful skills. In the next phase of Inite's development, we plan to integrate ideas generated by members with patent offices and other institutions working in the ideas market. Ultimately, this should change the current trend that "an idea costs nothing" and provide the DAO and NFT integration to allow the original author of the idea to earn from it. Clans will implement and patent ideas, and idea authors will make money. Eventually this ecosystem will result in all members of the overall Inite DAO getting their share of every idea in the Inite community. Ideas & NFTs Every Inite platform user can issue and attribute their ideas to NFTs. The idea is fixed on the blockchain together with the date of its origin. This way, every Inite user can prove ownership and guarantee that their ideas will not be stolen. This mechanism will be improved in the future. The platform stimulates user activity to capture all possible (and impossible) ideas. Any user can create ideas, issue an NFT and sell it on Inite’s NFT marketplace. The sales mechanics are similar to Rarible or Open Sea trades. The idea creator gets their share from reselling. In the next phase of Inite's development, we plan to integrate ideas generated by members with patent offices and other institutions working in the ideas market. Ultimately, this should change the current trend that "an idea costs nothing" and provide the DAO and NFT integration to allow the original author of the idea to earn from it.
Gaming world In addition to the ability for users to write down ideas, Inite implements classic game mechanics that allow players to develop not only themselves, but also their characters. The game is based on advancing characters by generating ideas, describing them and putting them on display. The player’s avatar competes with other characters, improves his or her skills and buys equipment. The order of the user's actions within the system is as follows: User creates an idea User writes out the idea to receive experience points and items User publishes the idea and receives tokens and other rewards from the Inite community User spends tokens on equipment User joins in a boss hunt together with other players The player’s main task is to come up with a variety of ideas on a daily basis and track the progress of their implementation by discussing those ideas and forming a community around them. The reward for ideas encourages users to create new ideas and buy better gear, and also to spend tokens on gear improvements to kill stronger bosses to get even better gear. Tokenomics The Inite platform has 2 tokens, INIT and IDEA, both built on the NEAR protocol. INIT token IDEA token INIT is a governance token. It’s available IDEA is an internal gaming currency used for staking and can be obtained in to buy premium functions and challenges. The number of tokens in equipment, and for users to reward each circulation changes all the time and other for social activities. There is a depends on players’ activity. Some program for minting and burning these actions like character deaths, in-game tokens, covered later. purchases, and the creation of ideas trigger INIT token burns.
INIT Complete release schedule The chart below illustrates the maximum possible issuance of INIT over the coming years. Total supply will never exceed more than 1,000,000,000 (one billion) INIT. Staking and rewards The Inite team plans for the long-term development of the project ecosystem. A user can join the INIT minting/staking program to get rewards, with especially generous allocations for long-term INIT hodlers. The total number of tokens allocated to the staking program is estimated at 272,981,250 INIT - 27.3% of all token allocation. Inite rewards users’ activity through minting. For instance, when users create ideas, comment on others’ ideas or get likes from other users, they earn rewards Play to earn Inite has a strong program for “play to earn” activity. By competing with each other, users earn rewards for: Each win in a boss fight Getting likes and comments from other users Reaching a new character level Activity on Inite’s marketplace
Minting & Burning
Tokens are minted Tokens are burned
when a player: when a player:
Generates an idea Character dies
Publishes an idea Purchases an item
Joins a challenge Creates a clan
Kills a boss Uses an AI
Gets a like Spams (as a discouragement)
Gets a comment Freezes progress (sleep mode)
Signs in to the game (daily)
Ecosystem fund
At the first stage of project development, the fund will be managed by the Inite team.
Later, we plan to transfer management to a DAO. Since we have active staking and “play
to earn” programs, active users will earn a lot of tokens - and in the end, it will be these
active players who will manage the development of the project. Total token allocation to
the ecosystem fund is 63,718,750 INIT - 6.37% of total distribution.
Token amount Total Supply %
issuance starts
Play to Earn 228,500,000 22,85% in Q1-Q2 2022
issuance starts
Staking Rewards 272,981,250 27,3% in Q1-Q2 2022
Ecosystem Fund 63,718,750 6,37% Some Some
Core team 214,000,000 21,4% Some Some
Advisors 70,800,000 7,08% Some Some
Public Sale 100,000,000 10%
Private Sale 50,000,000 5% Some Some
Total amount 1,000,000,000 100%
Inite token sales
The Inite team will initially collect $2.5 million during the INIT token presale, selling
50,000,000 INIT at a price of $0.05 per token.
The team will sell a further 100,000,000 INIT at a later date on a public sale. The token
price for this second public sale will be determined at that time. After the presale, only
10,000,000 of the 50,000,000 INIT will be unlocked.
Further blocks of 10,000,000 INIT will be unlocked every 6 months, with the full
50,000,000 INIT unlocked 24 months after the presale ends. Investors who participate in
the presale will receive 20% of their purchased tokens at each INIT release.
At the end of the public sale, 54,000,000 team tokens, 20,000 advisors’ tokens and
40,000,000 tokens for the ecosystem fund will be unlocked. Public sale tokens will be
available immediately.
Team
Mike Fluff, CEO
Mike will be the executive lead at Inite and will ensure that the wider team has
the resources necessary to build a cutting-edge play-to-earn gaming
ecosystem. Mike is no stranger to the blockchain industry and has operated
Chrono.tech since 2017, providing white-label development services to
disruptive projects in the Ethereum ecosystem. Mike led a team of over 20
highly skilled developers and professionals at Chrono.tech and worked with
some of the biggest decentralized projects.
Andrei Ivanouski, CTO
Andrei has over 14 years experience in Information Technology. He developed
his first game at age 13, filled his first admin role at 16, managed a team of 50
at 17 and launched his first startup at 20. As a visionary and forward-thinking
leader, he has showcased exceptional skills in forming and building cohesive,
high-performing teams that deliver consistently outstanding value to clients.
Andrei is a successful entrepreneur and the perfect choice for his role in our
game.
Konstantin Kopytkov, Anastasia Ostapenko, Gleb Shendrik, Shadiev Rasul,
CBDO Writer iOS Developer Android Developer
Shemendyik Anastasia, Michael Lobanov, Artem Sokoltsov,
Frontend Developer Fullstack Developer Designer
Roadmap
Completed tasks
Q2 2021 Q2 2021 Q3 2021
Customer development. Competitors and Gamification.
First reviews and validation solutions research and Application boost -
hypotheses. Problem implementation level, experience, stats
approval and market prototype. and equipment system
research.
Q3 2021 Q3 2021
AI for generating ideas. Generative avatars. Your
Access to GPT-3 for NFT can be imported as
generating texts and an avatar.
ideas.
Planned tasks
Q4 2021 Q4 2021 Q4 2021
Mint your idea as NFT. OCR and image support. Social network.
Migrate ideas from
notebook to app.
Q4 2021 Q4 2021 Q1 2022
Mind map and graph AI Power for Tips /
visualization. generating ideas. Crypto donations.
Q1 2022 Q1 2022 Q1 2022
Governance coin. Private launch NFT Marketplace for
& airdrop. buy & sell ideas.
Q2 2022 Q2 2022 Q3 2022
Creator economy. Status game launch. Marketing phase.
Q3 2022
Multi accounts.You can also read
