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Topic: @echelonfnd Sinks
While running for EP, I was asked what area I felt needed immediate focus. My answer: $PRIME Sinks
The past month there was only around 2500 $PRIME locked up between all the sinks combined. Given token unlocks and emissions, this won’t be satisfactory long-term. Working sinks are of course key to any circular economy
Before we discuss the issue and solutions more in depth, let’s talk about all the active sinks
Right now $PRIME Sinks include:
• Echoes - Highest ceiling imo but currently very low demand (5,679 prime)
• Payload - Most prime sunk. Too expensive to be viable now (634,757 prime)
• Artigraph - Second most prime sunk. 0 prime sunk in 6 months though (385,770 prime)
• Glints - The most attractive sink and it scales beautifully. Problem? After months there still is no fix to the imbalance around glint pricing that heavily favors cc usage. A lot of extra prime is going to Parallel studios instead of the sink due to this. We need to finally enable the ability to buy on base and make pricing dynamic (23,753 prime + 10% of cc)
• Cosmetics - Great sink. Way less attractive as the value of $prime goes up unless prices are adjusted to maintain balance (33,275 prime)
• Tournaments - Coming soon. Expect this to be a top sink
• Bonds - Coming soon. Potentially a huge sink
• Sanctuary Marketplace - No data, small sink for now
Total Prime Sunk: 1,239,374. Ironically 0.111% of the total supply.
First, we need to fix the existing sinks. It’s the lowest hanging fruit. Echoes need more demand for Parallel cards. Payload needs to be cheaper in cost and usage fees(BASE and PF payload will help reinvigorate this sink). Artigraphs are extinct or need adjustment. Glints need dynamic pricing and the ability to buy on BASE. Being able to take your earned rewards and directly buy glints/in-game items with the emissions received is impactful for maintaining a circular economy. Cosmetics should be tied to USD amount but only purchasable in $PRIME
Now the fun part.. Proposing ideas for future sinks/burns!
Before we get into it, I want to highlight one of the main issues that arises with most sinks. A premium token like $PRIME is expected to accrue value over time and as it rises, people naturally become less willing to participate in sinks. Therefore the sinks need to be very persuasive and any sink not tied to a USD amount will most likely end up out of a viable range if left unadjusted. It may very well leave some with a sour taste in their mouth as well making them less likely to participate in the future
Starting with the largest, most ambitious proposal-
PRIME CHAIN
I will need to do an entire separate write up on my reasoning behind why Prime Chain is the natural progression for Echelon as we aim to become the gold standard for gaming ecosystems. Personally I believe it’s crucial in reaching our true potential. To remain on focus, in this post I will just speak to Prime Chain as it pertains to Sinks
Prime Chain would of course use $PRIME as the native currency. One of the simplest forms of burn is through making $PRIME a gas token as well. At scale, it adds up to a meaningful amount even though it’s not very noticeable to participants. It’s a burn that forces participation while abstracting the user from even realizing they are participating
Every chain needs its own DEX and NFT marketplace. Both of these would contribute to lockup of the $PRIME token through fees. Along with grow the foundation’s treasury
Services such as ENS that cost the native token to mint(pegged to USD). For example owning the address AustinWhite//. Not technical enough to know if that’s capable but would be epic. Ronin has seen significant success through their RNS program. Growing the chain's presence in the space while also locking up a ton of $RON in the process.
I believe Prime Chain offers the most abstract form of burns/lockup, which helps balance the outflow of $prime regardless of market conditions
Game Revenue
If I recall correctly Parallel studios has said in the future, pack drops will most likely be sunk instead of going to the studio. This alone would have a massive impact. The total revenue for PlanetFall packs was 1,766.85 ETH(At $1,803.79 on Oct 27, 2023). Around $3.2 Million dollars. $PRIME at the time was floating near $3. Over 1m $PRIME would have been sunk in this single event. Nearly matching all prime sunk to date. We would have locked up nearly 1% of the entire supply through just one drop. While PF is already in the books, I just wanted to highlight the potential for future pack drops
One day when other IP’s join the Echelon ecosystem, they should contribute in some form to this type of $PRIME sink as well
Degradation of Cards
While some may not be a fan of this idea. If your NFT cards degraded over time through playing, it would lower the overall tailwind emissions of Cards. Currently the revenue from selling packs goes entirely to Parallel studios, but the cards being put on the market return an endless supply of $prime with no upkeep. This is a break in the circular economy. Along with future pack drops being sunk instead, we can also implement degradation of cards
Once they degrade past a certain point, earnings are diminished. BUT for a small fee of $PRIME they can repair their cards and be back at full emissions. Creating an upkeep if you want to earn $PRIME at the highest rates for an infinite period of time. This would end up being a very strong sink imo since it’s hard to avoid opting in. Most players would feel it’s +EV to repair their cards to continue gaining full emissions
Card rarity could also play a role. FE/SE/MP/Echoes/Artigraphs
Think of Runescape, many armors will turn into a broken state unless you pay gold to repair them.
Boosters
Boosters purchasable in $prime. Which could include XP boosters, renown boosters, maybe even $prime boosters if it makes sense. Unlocking the final Key frame slot could also be a sink
Monthly Companion Minting
Current Companions should all be labeled as Genesis with special perks.
Keeping them the most rare and sought after
Optionally add a small $PRIME multiplier for Companions, based on tiers. Then host one minting per month.
Every player will want to own a companion and if supply is managed properly as we scale, it could act a consistent and effective monthly sink
It reminds me of a pet. Everyone deserves the ability to own a pet!
Selling physical items
The largest and most obvious being physical TCG cards. The majority of the profits from this should act as a $PRIME sink. I love this idea since it gives sink exposure from everyone including web2 players/collectors that may not want anything to do with the NFT side of Parallel. Normally this persona wouldn’t contribute to the circular economy, they would simply be playing a fun video game. This is the trojan horse for their participation
Merch, collectibles, plushies, toys, action figures etc. The Parallel IP has immense untapped potential and deserves to be explored in full. The sky is really the limit. Personally I NEED a Memento of the Fallen Knife
PRIME Level Battle Pass
Currently we only have one level of battle pass, purchasable with cc or prime. We could add an extra premium level that is more expensive and exclusively bought in $PRIME. It won't be for everyone, but if you want the most benefits and unlockables like myself something of this nature sounds attractive
More forms of Gacha
We’re a degen community. Would love more ways to roll the dice similar to Payload. Rare cosmetics, companions, equipment etc
Makes for great streaming/video content. We already know Parallel executes world class level cinematics.. I want to pull a legendary memento of the fallen “skin”
Capping stamina (with the option to replenish)
Currently players can play all day with unlimited stamina to get their best 5-6 wins of the day. If stamina was capped at lets say 15 matches per day, grinders would earn less. But, for a small fee they can replenish. It would need to be +EV for the player. The cost can’t outweigh what they would earn back or it won’t be an attractive sink. This is key. Keep in mind right now it’s uncapped so therefore this would act as a sink and potentially lower emissions too since some may choose to not partake. If 1000s of players were participating it would be meaningful. Plus a lot of little sinks add up to a big sink. This would require a lot of thoughtfulness to balance properly
Upgradeable Cards - “Card Skins”
Similar to Artigraphs but instead just normal cosmetic upgrades. For example I loved flexing with all Holos in my deck when I played irl Pokemon TCG back in the day. If you wanted to use an all Holo deck to flex in Parallel it would cost a lot more since it would require all SEs
The solution I would suggest is allowing people to pay $PRIME to upgrade the cosmetic appearances of FEs and Echoes. They will never be SEs,MPs,PL,NL or a higher rarity. It would be purely cosmetic
I could understand why current SE/MP/PL/NL owners may not love this idea. This works better if SEs etc had other utility to separate them rather than just being purely cosmetic. (Card rarity implemented with Degradation would solve this)
I will refer to this idea as card skins as I think it describes it well
Final thoughts
If you’ve made it this far I appreciate you taking the time to do so. I could continue to list more sink ideas for $PRIME, but this post is getting very lengthy already. We will continue this discussion another time
Please feel free to share your own thoughts and ideas on sinks in the replies. I would love to hear them!
As many of you know I am currently in the running for Emissary Prime. If elected to serve as an EP @echelonfnd I would love to be given the green light to work my a** off on this. Thanks for your consideration #VoteAustin
Topic: @echelonfnd Sinks
While running for EP, I was asked what area I felt needed immediate focus. My answer: $PRIME Sinks
The past month there was only around 2500 $PRIME locked up between all the sinks combined. Given token unlocks and emissions, this won’t be satisfactory long-term. Working sinks are of course key to any circular economy
Before we discuss the issue and solutions more in depth, let’s talk about all the active sinks
Right now $PRIME Sinks include:
• Echoes - Highest ceiling imo but currently very low demand (5,679 prime)
• Payload - Most prime sunk. Too expensive to be viable now (634,757 prime)
• Artigraph - Second most prime sunk. 0 prime sunk in 6 months though (385,770 prime)
• Glints - The most attractive sink and it scales beautifully. Problem? After months there still is no fix to the imbalance around glint pricing that heavily favors cc usage. A lot of extra prime is going to Parallel studios instead of the sink due to this. We need to finally enable the ability to buy on base and make pricing dynamic (23,753 prime + 10% of cc)
• Cosmetics - Great sink. Way less attractive as the value of $prime goes up unless prices are adjusted to maintain balance (33,275 prime)
• Tournaments - Coming soon. Expect this to be a top sink
• Bonds - Coming soon. Potentially a huge sink
• Sanctuary Marketplace - No data, small sink for now
Total Prime Sunk: 1,239,374. Ironically 0.111% of the total supply.
First, we need to fix the existing sinks. It’s the lowest hanging fruit. Echoes need more demand for Parallel cards. Payload needs to be cheaper in cost and usage fees(BASE and PF payload will help reinvigorate this sink). Artigraphs are extinct or need adjustment. Glints need dynamic pricing and the ability to buy on BASE. Being able to take your earned rewards and directly buy glints/in-game items with the emissions received is impactful for maintaining a circular economy. Cosmetics should be tied to USD amount but only purchasable in $PRIME
Now the fun part.. Proposing ideas for future sinks/burns!
Before we get into it, I want to highlight one of the main issues that arises with most sinks. A premium token like $PRIME is expected to accrue value over time and as it rises, people naturally become less willing to participate in sinks. Therefore the sinks need to be very persuasive and any sink not tied to a USD amount will most likely end up out of a viable range if left unadjusted. It may very well leave some with a sour taste in their mouth as well making them less likely to participate in the future
Starting with the largest, most ambitious proposal-
PRIME CHAIN
I will need to do an entire separate write up on my reasoning behind why Prime Chain is the natural progression for Echelon as we aim to become the gold standard for gaming ecosystems. Personally I believe it’s crucial in reaching our true potential. To remain on focus, in this post I will just speak to Prime Chain as it pertains to Sinks
Prime Chain would of course use $PRIME as the native currency. One of the simplest forms of burn is through making $PRIME a gas token as well. At scale, it adds up to a meaningful amount even though it’s not very noticeable to participants. It’s a burn that forces participation while abstracting the user from even realizing they are participating
Every chain needs its own DEX and NFT marketplace. Both of these would contribute to lockup of the $PRIME token through fees. Along with grow the foundation’s treasury
Services such as ENS that cost the native token to mint(pegged to USD). For example owning the address AustinWhite//. Not technical enough to know if that’s capable but would be epic. Ronin has seen significant success through their RNS program. Growing the chain's presence in the space while also locking up a ton of $RON in the process.
I believe Prime Chain offers the most abstract form of burns/lockup, which helps balance the outflow of $prime regardless of market conditions
Game Revenue
If I recall correctly Parallel studios has said in the future, pack drops will most likely be sunk instead of going to the studio. This alone would have a massive impact. The total revenue for PlanetFall packs was 1,766.85 ETH(At $1,803.79 on Oct 27, 2023). Around $3.2 Million dollars. $PRIME at the time was floating near $3. Over 1m $PRIME would have been sunk in this single event. Nearly matching all prime sunk to date. We would have locked up nearly 1% of the entire supply through just one drop. While PF is already in the books, I just wanted to highlight the potential for future pack drops
One day when other IP’s join the Echelon ecosystem, they should contribute in some form to this type of $PRIME sink as well
Degradation of Cards
While some may not be a fan of this idea. If your NFT cards degraded over time through playing, it would lower the overall tailwind emissions of Cards. Currently the revenue from selling packs goes entirely to Parallel studios, but the cards being put on the market return an endless supply of $prime with no upkeep. This is a break in the circular economy. Along with future pack drops being sunk instead, we can also implement degradation of cards
Once they degrade past a certain point, earnings are diminished. BUT for a small fee of $PRIME they can repair their cards and be back at full emissions. Creating an upkeep if you want to earn $PRIME at the highest rates for an infinite period of time. This would end up being a very strong sink imo since it’s hard to avoid opting in. Most players would feel it’s +EV to repair their cards to continue gaining full emissions
Card rarity could also play a role. FE/SE/MP/Echoes/Artigraphs
Think of Runescape, many armors will turn into a broken state unless you pay gold to repair them.
Boosters
Boosters purchasable in $prime. Which could include XP boosters, renown boosters, maybe even $prime boosters if it makes sense. Unlocking the final Key frame slot could also be a sink
Monthly Companion Minting
Current Companions should all be labeled as Genesis with special perks.
Keeping them the most rare and sought after
Optionally add a small $PRIME multiplier for Companions, based on tiers. Then host one minting per month.
Every player will want to own a companion and if supply is managed properly as we scale, it could act a consistent and effective monthly sink
It reminds me of a pet. Everyone deserves the ability to own a pet!
Selling physical items
The largest and most obvious being physical TCG cards. The majority of the profits from this should act as a $PRIME sink. I love this idea since it gives sink exposure from everyone including web2 players/collectors that may not want anything to do with the NFT side of Parallel. Normally this persona wouldn’t contribute to the circular economy, they would simply be playing a fun video game. This is the trojan horse for their participation
Merch, collectibles, plushies, toys, action figures etc. The Parallel IP has immense untapped potential and deserves to be explored in full. The sky is really the limit. Personally I NEED a Memento of the Fallen Knife
PRIME Level Battle Pass
Currently we only have one level of battle pass, purchasable with cc or prime. We could add an extra premium level that is more expensive and exclusively bought in $PRIME. It won't be for everyone, but if you want the most benefits and unlockables like myself something of this nature sounds attractive
More forms of Gacha
We’re a degen community. Would love more ways to roll the dice similar to Payload. Rare cosmetics, companions, equipment etc
Makes for great streaming/video content. We already know Parallel executes world class level cinematics.. I want to pull a legendary memento of the fallen “skin”
Capping stamina (with the option to replenish)
Currently players can play all day with unlimited stamina to get their best 5-6 wins of the day. If stamina was capped at lets say 15 matches per day, grinders would earn less. But, for a small fee they can replenish. It would need to be +EV for the player. The cost can’t outweigh what they would earn back or it won’t be an attractive sink. This is key. Keep in mind right now it’s uncapped so therefore this would act as a sink and potentially lower emissions too since some may choose to not partake. If 1000s of players were participating it would be meaningful. Plus a lot of little sinks add up to a big sink. This would require a lot of thoughtfulness to balance properly
Upgradeable Cards - “Card Skins”
Similar to Artigraphs but instead just normal cosmetic upgrades. For example I loved flexing with all Holos in my deck when I played irl Pokemon TCG back in the day. If you wanted to use an all Holo deck to flex in Parallel it would cost a lot more since it would require all SEs
The solution I would suggest is allowing people to pay $PRIME to upgrade the cosmetic appearances of FEs and Echoes. They will never be SEs,MPs,PL,NL or a higher rarity. It would be purely cosmetic
I could understand why current SE/MP/PL/NL owners may not love this idea. This works better if SEs etc had other utility to separate them rather than just being purely cosmetic. (Card rarity implemented with Degradation would solve this)
I will refer to this idea as card skins as I think it describes it well
Final thoughts
If you’ve made it this far I appreciate you taking the time to do so. I could continue to list more sink ideas for $PRIME, but this post is getting very lengthy already. We will continue this discussion another time
Please feel free to share your own thoughts and ideas on sinks in the replies. I would love to hear them!
As many of you know I am currently in the running for Emissary Prime. If elected to serve as an EP @echelonfnd I would love to be given the green light to work my a** off on this. Thanks for your consideration #VoteAustin
Earthen Prismatic day complete //
Hope I made Orphan proud
Good night #VoteAustin
Only played my 6 wins today
2.55 $PRIME earned! ($55 USD worth)
More votes for myself in the EP election.. lol
#VoteAustin
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Hey y’all!! #LTBC voting is here for R1!! Make sure to #voteaustin. With 2500+ travel miles for LU athletic’s, work/volunteering in 11 different @LibertyFlames teams, and growing with big orgs and fans in only 5 months,
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