In Brief
Fishing Frenzy has released a detailed whitepaper for the $FISH token, designed to be the primary currency in its web3 game on the Ronin network.
The $FISH token operates under a “Proof of Contribution” model to reward players for their efforts and involvement in the game’s community.
The token distribution is structured to promote community involvement and growth, with timed releases that depend on reaching certain market valuation milestones.
Fishing Frenzy has recently announced the introduction of the $FISH token through a detailed whitepaper. This token is an ERC20-C token developed specifically for use within the Fishing Frenzy game ecosystem. Alongside $FISH, there is a non-tradable token, $xFISH, intended specifically for internal rewards and managing the game’s economic activities.
Token Utility and Economics
The $FISH token brings a novel “Proof of Contribution” system where players gain rewards not just through gameplay but also by engaging substantially with the game community and its economy. Players can use $FISH for various in-game functions, including the purchase of premium content, access to new gaming modes, and upkeep of essential in-game equipment. An exciting feature is the “diving” game mode which incorporates a noticeable risk-reward element to gameplay.
Moreover, $FISH holders have the option to stake their tokens to accrue “Karma”—a measured metric reflecting a player’s contribution to the broader game community and economy. Accumulating Karma enables players to enjoy additional benefits such as a share of revenue from game acquisitions, reduced fees, and other advantages that correlate with their level of engagement.
Token Allocation and Release
The total supply of $FISH tokens is capped at 1 billion, shared between $FISH and $xFISH, all circulating on the Ronin network. A large portion of these tokens is dedicated to building the community and incentivizing growth. The release of these tokens is scheduled over a period, linked to specific market performance milestones which encourage sustained engagement from participants. At launch, about 27.5% of the total supply will be made available, with further releases planned over a 24-month period.
Karma System Explained
The Karma system is central to the $FISH economy, providing a framework that rewards not just for playing the game, but also for contributing to liquidity, performing in-game transactions, and engaging with the community. Players with high Karma scores can unlock numerous benefits that improve their overall gaming experience and potential earnings, making the economy geared toward rewarding meaningful, long-term participation.
The Gaming Environment
Fishing Frenzy serves as a rich RPG on the Ronin network, combining traditional gaming elements with innovative web3 functionalities. With over 10 million installations and significant daily activity, Fishing Frenzy utilizes blockchain technology to empower a dynamic, player-driven economy. It includes various interactive elements such as fishing, cooking, and trading, all within a community-focused framework.
The game is accessible for free via web browsers, providing an easy entry point to blockchain-based gaming. The development team actively incorporates player feedback to continually evolve and enhance the gaming environment, with further expansions planned, including mobile versions.
In summary, Fishing Frenzy is pioneering the blend of traditional gaming with blockchain advancements, setting new standards for future developments in the web3 domain.
