Chumbi Valley Moves to Single Token System
In a day the place most web3 gaming initiatives go for a twin token system, Chumbi Valley bucks the development by saying they are going to be transferring to a single token system! Chumbi token, or CHMB, will operate because the governance token in addition to present in-game utility for breeding, whereas a second, recreation solely foreign money can be used for primary recreation actions.
Whereas we nonetheless await some form of demo or playtest from Chumbi Valley, they do proceed to supply us with common growth updates. These usually showcase artwork, animations, and different such issues. Nevertheless, one of many newest updates from the Chumbi staff issues the sport economic system. Notably the sport foreign money, which is transferring to a single token system.
Now single token doesn’t imply single foreign money. Chumbi Valley will nonetheless have two currencies, however just one can be on-chain. This determination is in response to the downturn in ‘play to earn’ recreation economies. And definitely, their preliminary plans for a limiteless token provide that might be earned by enjoying after which cashed out at any time was a recipe for catastrophe. So, kudos to the Chumbi staff for recognizing the potential problem and making adjustments to rectify the state of affairs!
Fortunate Stars and CHMB Tokens
Fortunate Stars would be the main recreation foreign money, residing off-chain within the recreation servers’ reminiscence solely. Gamers earn Fortunate Stars by promoting assets, finishing quests, discovering treasure, and defeating enemies in battle. Fortunate Stars are used to progress in-game — for instance, shopping for seeds, upgrading Chumbi spells, and crafting gadgets.
The already present Chumbi token (CHMB) received’t change. CHMB will stay the staking and governance token, as was the unique intent. As well as, gamers will want CHMB token for breeding, shopping for gadgets on the in-game market, and buying particular cosmetics and recreation boosts (crafting speedup for instance).
There may also be a play and earn function in Chumbi Valley permitting gamers to earn CHMB tokens. The staff remains to be quiet on how this technique will work, however hopefully we’ll hear some particulars within the close to future.
What’s Chumbi Valley?
Chumbi Valley is an journey recreation with taming, breeding, and different such creature proudly owning actions. Type of a cross between Pokémon and Stardew Valley. Gamers discover the world with customizable characters, develop crops on their lands, combat Chumbi battles in opposition to cursed Chumbi and different gamers, craft gadgets, and breed new Chumbis. Chumbis are generative, every with fifteen essential varieties and tons of of various physique elements and patterns, making every one distinctive.
There are solely 4096 unique Seed Chumbis, although sooner or later sooner or later gamers could have the choice to breed their Chumbi. Apart from producing new NFTs, a few of the Chumbi coat varieties may solely be discovered within the third or fourth generations, encouraging breeders to maintain making Seed Pods and offering worth to later technology Chumbi!
Chumbi Valley contains one governance and utility token, CHMB, and an in-game foreign money known as Fortunate Stars.
To study extra about Chumbi Valley, go to their website, comply with them on Twitter, and be a part of their Discord.
