PARSEC FRONTIERS
This MMO, strategy-based, 4X game with a virtual economy blockchain is set in the future after Earth’s demise, a post-apocalyptic scenario. Players will explore new galaxies and the Milky Way in spaceships built with advanced technology. Players will be able to expand and develop this new world together. As they explore and exploit, the new world will change and evolve in real-time from decisions made by the player base.
Players will be able to extract raw materials from explored planets and use these materials to build various in-game items to sell for profits. All in-game items and resources are stored on the blockchain. The player base can either join forces and form alliances or attack one another, PvP style, and create enemies. Choose wisely, your decisions can come back to haunt you at a later time or joining forces/alliances can help you when times get tough.
Business side of things:
The popularity of MMO, strategy, and open-world games have increased considerably over the past few years. There are many extremely successful games with millions of users each day enjoying the technology of internet connectivity and visual quality. Popularity and demand for these vast virtual world games have increased over time and are now accepted as a normal mainstream pastime. With so many real-time hours invested in these virtual economies, it is only natural that in-game progression, skills and virtual items gain tangible value. With that, outside markets are created to fulfill the demand and transactions of in-game currencies in real Fiat Currencies and now Cryptocurrencies. As the blockchain technology improves, many current projects are working to solve problems with scalability. These projects are looking to improve today’s technologies or create new ones to fit their current and future needs.
“Parsec Frontiers plans to combine Ethereum with an open, public custom chain with permissioned for cost, speed, capacity and storage reasons. As scalable and cost-effective platforms become mainstream, switching to a new platform will continuously be considered.”
These in-game virtual markets function similarly to real markets, with fluctuating supply and demand allowing profits to be made. PARSEC FRONTIERS will not only be an MMO 4X game, but also a complex virtual economy. The accountability of the in-game and real-world economies are secured by the virtual economy blockchain. All in-game assests are recorded on the blockchain ledger and are completely accounted for. All digital assets can not be manipulated, duplicated or erased.
“The traditional approach by gaming companies is to hold in-game assets on centralized servers. Since Parsec Frontiers uses blockchain technology, it solves many of the challenges that the games industry currently faces by making the game more transparent and fair. The blockchain is used to account for ownership and authenticity of virtual in-game assets.”
Now, for the specifics on how, you the player, can earn real-world income/profits from Parsec Frontiers. Resources/raw materials and crafted items trade freely on exchanges or between players via smart contracts. The exchange trading is based on supply and demand, high demand can increase the prices, high supply can decrease it. Anything from the smallest amounts of raw materials to massive spacecraft can be traded. The in-game currency used on the exchanges will be PARSECS. The in-game PARSECS can be converted to an ERC-20 version PARSEC, then sent out via wallet transfer to an outside third-party real-world exchange. Once on the exchange, the player/user can sell the ERC-20 PARSEC for Etherum, thus creating real-world profits in the form of a very popular Cryptocurrency. As an in-game incentive, there will be a deflationary mechanism implemented for holders of PARSEC Credits. This will reduce the in-game money supply in the economy. There will be trading exchanges on space stations or on planets, either operated by the game or owned by players who have purchased an exchange. All exchange fees will be fixed at 3%, 2% of which will be burned via smart contract. This action will reduce the total money supply and token holders will benefit from it.
For even more information on Parsec Frontiers, please read the white paper here: https://wp.parsecfrontiers.com/whitepaper.pdf. Also visit the official Twitter here: https://twitter.com/parsecfrontiers?lang=en and their official webpage: http://parsecfrontiers.com/ Thank you.
Disclaimer: I did not create the concept art in this post. I do have permission to use verbage and concept art to help spread the word about this excellent MMO 4X Game.
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