A Master Node Contract
The potential of our gaming DAO is vast. We understand that most games are not able to operate in Web 3 due to the lack of identifiers (Unique ID). Thus, we have established a system of soulbound tokens and decentralised identifiers (DIDs) within our ecosystem to onboard their Web 3 journey. By adding them to our DAO(node), it will allow individual wallet addresses to be associated with the game and all other Web3 operations. Individual games will have their own unique and permanent wallet addresses used as personal identification. These addresses will allow communication between Game Developers and MagApe.
Take for example MagApe’s Marketplace, a purchased item will allocate 70% of the sale proceeds to the creator, 10% to MagApe, and 20% to the associated game. Our system will identify the associated wallet address tag to the game and then automatically distribute the proceeds accordingly.
Only when a game possesses a representative cryptocurrency wallet address can it fully integrate into our ecosystem for blockchain activities. One notable feature of our DAO is enabling players to convert in-game items to our MAC token, withdrawable via a secure signed message. All aspects from the withdrawal process to the signer can be updated based on community suggestions.
However, inclusion in our ecosystem is subject to a vote by the community. Games not voted in can still participate by topping up their token pool with our tokens. Our voting mechanism ensures fairness, considering factors such as reward distribution, accessibility, and fairness to all players.
If a game isn't voted in, it's prudent for it to top up the token pool for item conversion. This empowers game developers to be generous with token distribution. While the method of accumulating our tokens may vary, the requirement to acquire them separately safeguards our ecosystem.
Our master node serves as a centralised hub for information and executing external functions. Voting records, including voter addresses, votes, creators, recipients, and outcomes, are logged for transparency and future audits.
Additionally, our node facilitates minting and suspension, as it governs other contracts like the ERC-20 token, ERC-721 non-fungible token, cross-chain, and upcoming marketplace contracts. Leveraging proxy and Yul, direct memory manipulation is achievable.
The versatility of memory manipulation allows for dynamic contract operations, with no limits to customization. Our DAO accommodates various operations and voting criteria, reflecting our commitment to adaptability and inclusivity.
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