Verseplay App - Litepaper

VERSEPLAY is a GAME-TO-EARN Protocol. Play your favorite games to earn income. Users equipped with NFT Controller game on PC, mobile or console – to earn GGEZ, which can be used to level up and mint new Controllers.

Players can select to lease or sell their NFT Controller on the in-app Marketplace. GGEZ earnings are stored in the player’s wallet conected to VersePlay, which can be swapped (in game) for other tokens.

Re-Imagine YOUR GAMING

Verseplay App token economy includes:

Minting: NFTs, controller
Staking
Burning
Liquidity Incentives/Rewards
Renting
Buy Backs

The governance token GLHF receives transaction fees from the ecosystem.

GGEZ tokens are the in-game token. GGEZ tokens are used to buy Controllers and are earned from gaming while staking Controllers.

Simply download the PC or mobile app, buy a NFT controller and open up ANY game to start earning GGEZ tokens.

Artiﬁcial intelligence identifies gameplay without ever accessing the game's code. Allowing users to earn playing on console, pc and mobile.

VersePlay rewards the passion of

gamers through earning by playing

their favorite video games.

Good luck & have fun!

VERSEPLAY Game Economy

The factors which affect GGEZ Earnings are:

Renting

Controller owners will be able to rent out their controller to other players and receive a commision percentage from the earnings.

What NFT CONTROLLERS Can Do in The App?

LEVEL UP

Gain experience & increase level by burning. Levels boost stats. Maximum level lets you earn GLHF as well.

MINT NEW CONTROLLERS

2 controllers can mint a new one, burn tokens to mint. Controllers have limited mint of ~6.

EARN ACHIEVEMENTS

Complete quests for extra earnings, enter tournaments for prizes, & obtain staking achievements.

TOKEN VALUE

1
Staking: Gives you a chance to earn loot boxes which contain Controllers, Cartridges and other rewards.
2
Discounts: 3% royalty fee is charged on the trades of game NFTs. This fee is discounted to 1% if the player is staking a minimum amount of game tokens.
3
Buy-backs: 50% of NFT trading fees are bought back on the market.
4
Staking Yield: 50% of NFT trading fees are used for staking rewards.
5
NFT Marketplace: A 3% fee applies on all NFT trades on the in-app NFT marketplace.

GGEZ TOKEN VALUE FROM GAME ECONOMY

1
Earn: Gaming while staking Controller NFTs earns
2
Minting: Controllers can be minted only with GGEZ tokens
3
Staking: At least one controller must be staked to earn GGEZ The earned GGEZ is ssued every 12 days (ongoing).

HOW WE PROFIT (MAKE MONEY)

We take low taxes from in-app activities, including NFT trading, controller-minting and controller-rental. individual users own all assets (NFT’s) in the VersePlay app.