Andrew Kirk | October 26 2022
Andrew Kirk | October 26 2022
Orion Protocol x Nakamoto Games Telegram AMA Summary
Upon the recent integration of Orion Swap Widget on the Nakamoto Games website, Orion Business Development Director Stéphane Doueihi, and CMO, Andrew Kirk, joined Nakamoto Games CEO, Tor in a live AMA covering everything from:
- Orion Swap Widget
- Problems in Web3
- Who are Nakamoto Games
Andrew | Orion Protocol: Hello, everyone, and welcome to our AMA with Nakamoto Games! :-) We’re splitting this AMA into two and having some of it held here in the Orion Protocol Telegram group as well as over in the Nakamoto Games Telegram group, later on, so stay with us and follow us over there when we head across.
Andrew | Orion Protocol: Q1: For those not familiar with Nakamoto Games, can you please give us a bit of background about what the project is about and how it started?
Tor | Nakamoto Games: Sure, Nakamoto Games is an industry-leading play-to-earn and Metaverse ecosystem. After just one year live on mainnet, our platform has 200,000 registered users and a catalog of 20 on-site play-to-earn games. Our project was publicly announced last August, just after the explosion of play-to-earn gaming in the crypto market.
Tor | Nakamoto Games: After assembling a team of developers with decades of collective experience in both blockchain and gaming development, we were ready to jump into the next generation of gaming. We launched first with 10 games on our platform, with each game having lucrative play-to-earn rewards. Since then, Nakamoto Games has released 10 more, all the while improving our graphics and gameplay to match the growth of the rapidly expanding industry. Our latest AAA 3-D in-house developed game, Escape, is a great example.
Andrew | Orion Protocol: That's brilliant to have that many registered users. Play-to-earn is so popular, isn't it?
Tor | Nakamoto Games: We have also built a host of features into our ecosystem, including a marketplace, a native DEX, an NFT collection, and an upcoming Metaverse world we have coined the NAKAVERSE. We just keep delivering!
Andrew | Orion Protocol: It sounds amazing, especially with people being able to earn from it.
Tor | Nakamoto Games: It is, and we have worked hard to gain gamers and keep the momentum going.
Andrew | Orion Protocol: Packed full of brilliant features, then. Outstanding! - Next question!
Tor | Nakamoto Games: Yes, that's how we differentiate ourselves from other projects. Our reward pool is a real play-to-earn model where players earn from other players from the game. Read more here.
Andrew | Orion Protocol: Q2: What is it that Nakamoto Games solves within the industry, and how does it differ from other projects?
Tor | Nakamoto Games: As briefly mentioned above, Nakamoto Games solves the biggest problem in the GameFi industry. The problem of sustainable reward economics. The majority of platforms use huge early reward pools to attract new players. Early adopters snap these up. Once the pool has been depleted, the game is no longer able to reward players to near the same level. Then people naturally lose interest, and the protocol fails.
Andrew | Orion Protocol: Especially with this relating to play-to-earn, it's fascinating to hear this one, I reckon.
Tor | Nakamoto Games: It is either this model or relying on new players to purchase necessary in-game items in order to provide liquidity for the rest of the player population. Both models are unsustainable and lead to rapid token devaluation. Nakamoto Games solves this problem with a zero-sum gaming model. Players put up tokens to participate in our online games, and rewards are distributed to each player based on where they finish. Instead of depleting a pool of tokens provided by the protocol, players compete for each other's tokens. This protects the value of our native token, $NAKA, and creates a sustainable earning environment for players.
Andrew | Orion Protocol: Ah, right! A big issue, then.
Tor | Nakamoto Games: Thank you. We have thought it through! Other problems we solve are diversity and adaptation in the rapidly expanding GameFi landscape. The majority of big play-to-earn platforms provide just one game. Although the games receive regular updates, the majority will be made obsolete as the industry evolves. We ensured this will not happen to us by offering a constantly updated catalog of play-to-earn games. Each game we release shows improvements in quality, and our diversity of games guarantees that there is something for everyone.
Tor | Nakamoto Games: No such issue with #NAKA! - Really stoking the competitive gaming flames as well. Great gameplay + sustainable reward pool, + constant launches of games + improvement of features = NAKA!
Andrew | Orion Protocol: I love how you're constantly updating and growing it - Next question!
Andrew | Orion Protocol: Q3: What are the stand-out features of Nakamoto Games, and how does that blend with enjoyment and functionality for your users?
Tor | Nakamoto Games: To enhance our play-to-earn model, we have developed a number of features to boost rewards and prize distribution on our platform. In-game achievements offer additional value to players by rewarding $NAKA for their significant milestones. We also have a weekly rewards pool for the most skilled and active players and host huge tournaments with prize pools as high as $10,000 for our community to enjoy. And smaller but frequent tournaments to promote new games.
Andrew | Orion Protocol: Huge prize pools indeed! A great variation.
Tor | Nakamoto Games: To ensure everyone can benefit from GameFi, we have introduced free-to-play and micro-pooling options to accommodate all gamers regardless of what stakes they choose to play. Additionally, our tiered system ensures gamers compete against players of similar skill to ensure everyone has a fair chance of earning rewards on our platform. We also integrated fiat currency acceptance through our native DEX. With this marketplace, global trading of $NAKA for various currencies can take place in a safe and secure manner on the platform's website.
Tor | Nakamoto Games: We focus heavily on community. Both our Twitter and Telegram have six-figure memberships, and we have recently launched a Discord channel. This way, whatever your chosen social media platform is, there will be a Nakamoto Games community waiting for you. We maintain a close relationship with our users through regular blog posts and a weekly development update, ensuring our entire community can keep their finger on the pulse.
Andrew | Orion Protocol: Oh, I like it! This is great info for us and the community for you sharing all this great knowledge of the features. Brilliant.
Andrew | Orion Protocol: Q4: Since adding Orion Swap Widget to your website, your visitors now have access to the largest CEXs and DEXs (including Binance, OKX, KuCoin, Uniswap, PancakeSwap, AscendEX, QuickSwap, and Spookyswap) in one place, using only their own personal wallet to connect from anywhere in the world. How does this benefit your users?
Tor | Nakamoto Games: By integrating the Orion Swap Widget, the process of buying $NAKA tokens has become very simple. Nakamoto Games users can now buy the $NAKA token directly from our website. Until now, our gamers had the tedious task of switching between a variety of websites to buy $NAKA tokens. Now instead of using multiple exchanges to purchase $NAKA, users can simply connect their wallets and select a swap pairing to purchase our native token in a fully decentralized process.
The widget seamlessly facilitates the purchase of $NAKA directly from the website without additional costs. Unlike other applications, the Orion Swap widget is easy to install and takes minutes to integrate with the system to facilitate a smooth and secure decentralized trade.
Andrew | Orion Protocol: It makes such a difference! It certainly will for your users as well. "One-stop shop," we often like to call it at Orion. Having all of that liquidity in one place just by connecting your own wallet is only available through Orion. It really opens up a lot of new possibilities for users, with them always retaining their own assets as it's their own wallet.
Tor | Nakamoto Games: Spot on. We love it!
Andrew | Orion Protocol: Q5: Security is paramount for Orion Protocol. Why is owning your own assets, like on Orion, where people use their own wallets to trade in a decentralized way, so important do you think?
Tor | Nakamoto Games: Many exchanges place cryptocurrencies bought on their platform into a third-party custodial wallet provided by centralized exchanges. Although it can be argued this is a simple and easy-to-use solution. There is a hefty trade-off for crypto holders. First of all, the private keys are controlled by a third party taking the idea of decentralizing out of the equation immediately. Secondly, these wallets are vulnerable to hacks, as we have seen in a variety of cases in the past, even for large and established trading platforms.
Andrew | Orion Protocol: 'Universal gateway to the digital assets space. Yep, not your keys, not your coins.! 🚀
Tor | Nakamoto Games: What’s more, all customers need KYC and AML verification before creation, and it limits features available to experienced crypto users. All these problems are avoided when dealing with your own wallet. You are in control and do not have to place your faith in a centralized financial system. This is why Orion Protocol helps facilitate true and secure decentralization. We are big fans of simplifying processes.
Andrew | Orion Protocol: Through MetaMask and WalletConnect, etc, there are plenty of personal wallets that can connect. Even Trezor and Ledger! - Next question!
Andrew | Orion Protocol: Q6: Can you give us an idea of the current phase of Nakamoto Games and what exciting additions you have coming up next in the future?
Tor | Nakamoto Games: We kicked off quarter four with a bang, releasing our first in-house AAA game Escape, and a 10,000-strong NFT collection. However, we are just getting started and have a host of exciting developments on the horizon.
First of all, Outlanders, an immersive 3-D MMORPG three years in the making is set to debut on our website this winter. The game contains both move-to-earn and play-to-earn rewards and features an earn now, collect later model perfect for non-crypto native gamers.
Secondly, We are planning to bring a selection of our games to mobile in the coming months. Soon players will be able to log into Nakamoto Games anywhere in the world at any time of day to play games and earn rewards.
Andrew | Orion Protocol: 3 years in the making! Really detailed process of building, isn't it.
Tor | Nakamoto Games: Nakamoto Games aims to allow independent developers access to our software development kits (SDKs). This should lead to many new games hitting the platform for users to enjoy and allow developers to earn commission every time their game is played. We are also expanding SDK compatibility to a number of other blockchains, starting with the burgeoning Dogechain.
Finally, and perhaps most importantly, we are soon to launch a brainchild of our team since day one. The NAKAVERSE is coming soon, an immersive Metaverse environment that mimics many facets of the real-world economy. Players can own land, dine, work, and own houses in the new virtual world full of rewards for players.
Andrew | Orion Protocol: Constantly busy and vibrant dev team. We love to see that!
Orion Protocol x Nakamoto Games AMA Part 2 (Nakamoto's Telegram group):
Tor | Nakamoto Games: Q1: Let's continue here. We had a chance to introduce $NAKA in our group. Could you please introduce Orion Protocol to us? How does it work? Who are your target audience and how does your solution help the crypto space?
Andrew | Orion Protocol: Orion Protocol is a liquidity aggregator, combining centralized exchanges, decentralized exchanges and swap pools into one aggregated trading order book. Orion enables you to trade across all major exchanges without having an account. You always use your own wallet to trade. Simply connect your wallet and execute your order, and you never give up your assets!
Try it here and let us know how you like it!
Andrew | Orion Protocol: Orion solves major issues in the industry of liquidity, custody, accessibility and scalability. Whereas individual exchanges are the root of a fragmented industry, Orion breaks down those needless limitations by combining the largest exchanges together across different blockchains: BNB Chain, Ethereum, Fantom and Polygon, with more to come.
Stephane | Orion Protocol: Let us know if you have any questions and we'll reply to them here on the fly!
Andrew | Orion Protocol: Through just connecting your own wallet, these exchanges are available to trade via Orion’s combined order books. Orion has Binance, KuCoin, OKX, AscendEX, along with freshly integrated DEXs of Uniswap, PancakeSwap, QuickSwap and SpookySwap. You no longer need to jump between these exchanges anymore as they’re in one place with Orion and COMBINED together for deep order books and fantastic value.
We are building a lot of content on our YouTube channel so it’d be great to subscribe and follow along with what we’re building. Here’s a video about why Orion has no comparison.
Stéphane | Orion Protocol: Trading on Orion is:
Andrew | Orion Protocol: As a business, Orion has built up 18 revenue streams and through B2B features, has begun rolling them out, Orion Swap Widget being the first. We’re also expanding in all areas as we’ve recently created ‘Web3 News by Orion’, which gives you about a dozen of the crypto industry’s biggest stories between Monday and Friday of each week. Super concise and keeps you on top of things!
You can follow it here.
Tosba | Nakamoto Games: Awasome 🔥
Andrew | Orion Protocol: It's brilliant, Tosba. Biggest exchanges aggregated in one place, basically! Always connecting with your own wallet.
Ramu Jakkampudi | Nakamoto Games: Wow then, why do we need to list on all other exchanges when we have them all here 🤣🤣
Andrew | Orion Protocol: EXACTLY! - You can see which exchanges are aggregated via the icons in the order book as well.
Ramu Jakkampudi | Nakamoto Games: Hope ppl stop crying about binance now 🤣🤣 - It’s awesome! Love the soluion but how much it costs users to use it?
Andrew | Orion Protocol: So you'll see the Binance logo, OKX, KuCoin, UniSwap, PancakeSwap etc 😊 And remember, these aren't separate. These are within the same order book for huge liquidity for your chosen pair.
Stéphane | Orion Protocol: Only 0.3% per trade (or 0.2% if you pay with ORN). Exactly what Uniswap charges BUT you get better prices (since it's sourced from KuCoin and not just a liquidity pool) and deeper liquidity so much less price slippage!
Tor | Nakamoto Games: Great deal!
Tor | Nakamoto Games: Q2: What is your roadmap like after the Swap Widget?
Andrew | Orion Protocol: We are working on an update for that. We have so many things coming we want to make sure we're covering everything as we have new ideas and integrations sprouting up all of the time!
Stéphane | Orion Protocol: We have some very exciting features currently in development. A lot of our time currently is focused on helping (big) projects use our deep liquidity — those projects are top L1s, top CEXs, etc. Once it's in place, we expect volume through the Orion Protocol to be much higher, which will benefit ORN holders.
Tor | Nakamoto Games: Q3: Can you explain further on Orion Swap Widget? How does it work and who do they benefit?
Andrew | Orion Protocol: Orion Swap Widget enables anyone to add Orion’s aggregated trading access onto their own website for FREE as a swap widget, and it’s installed in under 15 mins. It enables projects to have increased user retention by offering their token directly from their website along with the aggregated liquidity that Orion provides with the likes of Binance, KuCoin, OKX, Uniswap and PancakeSwap all integrated. Here’s our video about it.