Holo everyone!
With the Starter Sale coming up I wanted to talk a little bit about referral rewards and trading fees and the thoughts and ideas behind them from the team of @holozing.
Let's get into referral rewards first.
Most gaming projects in this space use referral rewards as a form of marketing and growing the ecosystem so it's something we want to include in @holozing as well. We've decided on the rewards being 5% of what the referred accounts spend by purchasing starter packs and healers and future sales of the project directly.
This means that when you refer a player to Holozing and that player spends $20 to buy a starter pack, you'll receive 5% of that in Hive instantly.
Now the question on everyone's minds, which is something that can't be helped when using referral rewards, is what if I refer myself? I.e. create an alt account with my referral and purchase packs from there instead. As mentioned, that's something we can't really do much about, we are however trying to make things fair for everyone as much as we can.
This entails: we will be allowing current registered users up until the starter sale begins to set a referrer if they wish. As example:
This will allow some of you to be fair to those who may have let you know about our project to earn some extra Hive in case you decide to purchase packs or healers (if you don't remember you can always pick my username 🙂😇)
This feature will be temporary, just so registered users before the referral rewards are put in place, get the same advantages as future referrers and don't "lose out" by having been early.
To be able to create referral links later on we will have certain restrictions. For instance, we don't want people to go crazy on spamming ref links everywhere which can bring Holozing and Hive in a bad light on socials so we'll be enforcing that ref links can only be created if said account has purchased at least a pack or healer.
When referring accounts outside of Hive who may use different tokens/coins to purchase packs/healers we may have to ask you to register with such accounts to connect referrers to their rewards. We'll have to discuss this still if feasible but we may also offer options to offer the referral rewards in Hive or Zing instead if this option is preferred. We'll have to cross that bridge when we get there.
Aside from all that we have some cool ideas for referrers to be able to generate their own banners which may include things like their personal healer nft or favorite creature they own and account stats to be used for instance in post footers or websites/socials. I think that'll be pretty cool!
Trading fees
Okay so when you create nfts on hive-engine, you are able to set trading fees for them. How much they are, how much 3rd party marketplaces can earn, etc. The need for fees is important because it makes it harder and more expensive for manipulation such as washtrading to occur.
We've decided to set the fee to 3%, 1.5% going to @holozing and 1.5% going to 3rd party marketplaces. With our game focusing on the burning of zing eventually we have also decided that the fees we receive from items being traded using Zing rather than Hive will be burned while the Hive will be used similar to our other sources of income; towards development, maintenance and growth of the project and its ecosystem.
We think this'll be a nice incentive for players to be aware of, i.e. if they believe the project needs more funding they can choose to place items for trade using Hive and when they think it's doing well enough but want to burn some zing they can pick the zing markets to trade items with instead.
Keep in mind that this is only directed towards hive-engine, fees on other chains might be different.
There's probably still more details I've failed to mention here of certain things, we'll make sure to include some FAQ's and other info to the website once we get closer to these options being available and of course an official announcement post on @holozing when part of these features go live.
Thanks for reading, feel free to let us know your thoughts regarding things mentioned in this post!
