CoolMining AMA (2022.3.30)
CoolMining innovates the BTC mining model, the first on-chain simulated mining Gamefi based on real hashrate.
CoolMining hosts an AMA on March 30, 2022 at 2pm (UTC) in the KCC community. The AMA invited Rictosh, the chief designer of CoolMining, to give a detailed introduction of CoolMining’s game mechanics and the project itself, so that the community users can have a deeper understanding of CoolMining and Gamefi. The details of this community AMA are as follows.
Section 1: Introductions
Section 2: Questions about CoolMining
Section 3: Live questions
Section 1
Q: Introduction of the guest.
R: Hi, I am Rictoshi, the chief designer of CoolMining. I have been actively investing in crypto since 2017 and started my own mining business.
Q: Introduction of the team.
R: We are a group of early BTC adopters with backgrounds in BTC mining, solidity development and graphic design. Sharing a common faith in the Proof-of-Work and witnessing the evolution of Dapps over the years, we are inspired to combine these two exciting innovations and create a decentralized game so that all individuals are able to participate in BTC mining.
Section 2
Q: Can you share with us what CoolMining is about?
R: CoolMining is an on-chain simulation game based on real-life hash power. All hashrate corresponds to real-world hashrate. It is the first Gamefi project with NFTs backed by real life assets. Players can participate as stakers, miners and mining site owners to savor the joy of creation.
Q: Can you share more of the Gameplay?
R: There are currently two ways to play CoolMining. Staking in the mining pool. Put CoolHash, the hashrate token, into the mining pool to “connect” to the BTC network and start earning BTC rewards Mining using miner NFTs. Players need to collect miner accessories first to customize miners. The miners help to accelerate mining by adding hashrate bonus, which will translate into higher BTC rewards for players. All of our gaming mechanism is realized on-chain through smart contracts that are audited by Certik.
Q: You guys seemed to have a very successful launch on MojitoSwap. Can you share what you have done after the TGE?
R: We have launched our first major gameplay, the mining pool staking. You stake COOHA to earn BTC. We also have our lucky block lottery up and running on our website right now. You have the chance to earn big rewards while staking in the mining pool.
Q: Why did you choose to build KCC?
R: First of all, our team has been working closely with the KuCoin Pool. Besides, with Axie running on Ronin, Farmers World on Wax, DeFi Kingdom on Harmony, all of which ensure a smooth gaming experience with negligible transaction fees, we agree with this experience-first thesis and consider KCC a decent chain to deploy. Apart from the low fees, KCC has the infrastructures established such as the DEX and the launchpad. And we really love the idea of community chain, which represents the spirit of decentralization.
Q: What is your plan or roadmap for 2022?
R: We have launched the mining pool. And we have the miners gameplay contracts audited by Certik, which will soon be launched as well. Remember to keep track of our twitter. Besides, we are considering deploy the game on other chains as well.
As the ecosystem grows, we are looking to partner with other major miners and add more hash power into CoolMining.
Q: How does the NFT collection work on your game? How can people buy it?
R: Our mystery boxes include CoolPart NFTs, which are essentially miner accessories that can be used to customize a miner. There are two types of mystery boxes, Essential Hash Parts and Elective Hash Parts. Essential Hash Parts contain only hash boards while Elective Hash Parts include control board, power supply unit and cooling system. Players would need at least one hash board and at most four non-duplicated components, one from each type to mint a miner. Each part has three level of rarities and assigns different attributes to the miners. For details, please check out https://docs.coolmining.io/how-coolmining-works/mystery-boxes.
Now you can participate in CoolMining’s NFT pre-sale whitelist activity, and you can buy it after you get whitelisted places. For details, please check out https://twitter.com/CoolMiningGame/status/1506099331975159810?s=20&t=UQpLLG1rtcxbVBlC_CSrGw
Q: Can you share more of your tokenomic?
R: There will be 2 tokens circulating in the ecosystem, CoolHash and CoolGas.
CoolHash, aka COOHA, is the hashrate token. 1 CoolHash = 0.01TH/s hashrate. Players can use CoolHash to stake for BTC rewards or purchase mystery boxes and customize thier own miners. Also, it is the governance token for the CoolMining community.
CoolGas, aka COOGA, is the utility token. Players need CoolGas to boot the miners. At the same time, players recieve CoolGas as mining rewards besides BTC rewards.
Section 3
Carlos DBA: what are the conditions for coolhash staking?
R: I think there is no exactly conditions for COOHA staking! But if you want to join our Lucky Block Lottery, you need to have at least 10 COOHA for one coupon.
Nitninit: I really wanna hold a good amount of $COOHA & $COOGA but i need to be sure of its profitability. Can you tell me the advantages of holding $COOHA & $COOGA & also where to buy it? What is the $COOHA & $COOGA token use case & how does it capture the value of the ecosystem you’re building?
R: That’s important to know! all you guys can buy COOHA on Mojitoswap: https://app.mojitoswap.finance/swap?inputCurrency=0xd0f2e8cf77c1d3dcc4d2d03f99d959bb5ce496bf.
And as i mentioned before, it is the governance token for the CoolMining community.
Hello Sir: May I know Which Various Languages does your project Supports , Is it Only For the English Speaking Users Or the Users Across globe Can Use this platform and Take benifits?
R: Hey! we have not only English channel, but also Chinese, vietnamese, Indonesia, Spanish and Arabic.And we are going to vote for creating next language channel! you guys can vote it on our official twitter: twitter.com/CoolMiningGame!
Vivek Madame: Where to trade your customized NFT and what are the benefits for us if I hold it for long term? And do you have any plan for mobile app as you can see there are so many attraction & user in mobile gaming?
R: For customized NFT, you can earn more BTC reward if you hold it for long term! and we already supported mobile version if you staking on our official website.
2Bit: Can you indicate some feature/features that you like best about your project and you think will give it an edge to compete with other competitors and come on top So also what plans do you have for users to choose your platform over your competitors?
R: Well, we actually have more than 3 killer features! At a high level, these are some of our highlights.
1. All of our hashrate tokens and NFTs are backed by real world hashrate .
2. Fully on-chain Gamefi mechanism .
3. We’re distributing actual BTC Rewards .
4. Unique customisable and upgradable NFTs .
5. Organic ecosystem exploring decentralised mining by the coomunity.
6. Realized first in-game NFT marketplace on KCC.
Last but not least, if you want to know more about CoolMining,please join us: Twitter:twitter.com/CoolMiningGame
Discord:https://discord.gg/coolmining
Telegram:https://t.me/coolmining
