Mikhail Novruzov

What is CryptoTycoon?

Players can spend BNB, BUSD and other BSC-based tokens in the game to participate in game yield farming. The game system has a great token deflation mechanism and dividend bonus model.

Who are the founders of CryptoTycoon?

All the founding members of CryptoTycoon have worked in Tencent Interactive Entertainment (IEG), and have been involved in product planning and front-end operations in first-line online games. After entering the crypto industry, the team still keeps paying attention to the gaming industry, and constantly seeks to lower the barriers to user participation of gamified DeFi products.

What is Monopoly Tycoon?

Monopoly Tycoon is a monopoly game built on CryptoTycoon. To participate in-game mining, players can spend BNB, BUSD, USDT and other BSC tokens in the game to get a chance to roll the dice and build different types of buildings on different grids. In order to ensure the game has a good deflation and dividend model, once a house or shop is constructed and cannot pay taxes on time, it will be removed.

What is FishSwap?

FishSwap is a fishing game built on CryptoTycoon. Players can spend BNB and BUSD to draw NFT Mystery Box for fishing rods in the game, so as to catch fish with different attributes in the fish pond. Whenever players catch the fish, players can then put the fish in their own fish ponds to get CTT mining output. At the same time, the game has a good token deflation mechanism and dividend model. Each fishing rod has its own durability, and each fish also has its own life cycle. If the player does not repair the fishing rod, it will be destroyed when the durability is 0.

What is NFTSwap?

NFTSwap is the game prop store of the CryptoTycoon platform, which contains NFT information and purchase links for various games. Since the CryptoTycoon platform has acquired various NFTSwap first-level domain names from the market before the establishment of the CryptoTycoon platform, the game prop store is named NFTSwap. At present, the main function of the store is to display NFT character cards, game props, etc. It does not have transaction functions. Each NFT will mark the link to the transaction portal.

Why $CTT?

CTT is the game token of CryptoTycoon, which has both functional and governance usages. It is currently running on Binance Smart Chain. The CryptoTycoon team has adopted a scientific mechanism and a method that has been verified many times by the market to design the CTT economic model

As CryptoTycoon continues to support more different chain CTT consumption, CTT will also circulate on more chains.

For the usage, deflation, and distribution of CTT tokens, please refer to our Token Information.

What’s our Positioning?

CryptoTycoon is positioned to gamify the DeFi product, thereby reducing the threshold for players to get started. At the same time, CryptoTycoon's first release is built on the retail investor-friendly BSC blockchain, which has a good ecology and user base. Which can help the game advance in the right direction, keep iterating and updating, and provide a good motivation.

The EOSDT stablecoin is a useful store of value with a variety of applications, like hedging against market turmoil, providing fiat-like quotes for currency pairs on decentralized exchanges, and even online payments with merchants that accept cryptocurrency. It allows for more intuitive crypto transactions — one EOSDT always equals one USD.

The Equilibrium framework consists of four smart contracts that operate as follows:

The market data smart contract references cryptocurrency prices from the external market through a trustline provided by Oraclize.it.

The Position Smart Contract receives a user’s cryptocurrency and holds it without any human involvement or custody risk.

The Liquidation Smart Contract lets arbitrators and market participants make money by liquidating under-collateralized user positions. This happens automatically when their collateral drops below the critical level of 170%. Arbitrators can claim liquidated collateral or surplus EOSDT at a markdown from current market prices, an associated fee will be payable in NUT tokens, which are then burned. This mechanism reduces the total NUT supply, potentially leading to NUT price appreciation due to the critical utility of the NUT asset within the Equilibrium framework.

The Governance Smart Contract lets users who hold NUT submit proposals to change the framework’s parameters on risk and stability. NUT holders can also vote for a list of EOS block producers they want to support with a fraction of Equlibrium’s total EOS collateral. This feature drives the growth, development, and maturity of the entire EOS ecosystem.

EOS uses a delegated proof-of-stake concept, which grants the community lots of flexibility in making instant high-level decisions, like rollbacks and bug fixes, with a majority accord among designated stakeholders. This approval voting system stakes the top 21 EOS block producers to produce blocks — EOS token holders must stake tokens for three days in order to vote. The top 21 candidates form the block producing core, and the rest become backup block producers, their priority is also determined by the number of votes they get.

Staking an EOS coin is like paying an opportunity cost — you can’t unstake it until three days later, and you don’t have any access to it until then. This little cost grants you access to the entire EOS system. If you stake them for bandwidth, it means you can send transactions, and the size of transaction will consume your bandwidth.

Equilibrium uses the EOS blockchain because it is faster than Ethereum, has near-zero transaction fees, and offers great infrastructure for implementing cross-chain solutions. It presently supports the EOS cryptocurrency.