This White Paper is subject to change or update and should not be used as a promise or a guarantee by Madabina, its team members or mentioned partner organisation as an engagement about the future availability of services related to the use of the MDBN tokens or to its future performance and value.
The document does not constitute an offer or solicitation to sell or buy shares or securities. Madabina expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from reliance on any information contained in the white paper, any error, omission or inaccuracy in any such information or any action resulting therefrom. This White Paper is not a recommendation to buy or financial advice, It is strictly informational.
The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. No representations or warranties are made as to the accuracy of such forward-looking statements.
Table of contents
- Table of contents
- Executive Summary
- The Madabina Platform
- The Team
Madabina offers to build virtual worlds where players can build, own, and monetize their gaming experiences through the Polygon blockchain using $MDBN, the platform’s utility token.
Our vision is to offer a deeply immersive metaverse in which players will create virtual worlds and games collaboratively and without central authority. We will provide non-fungible tokens (NFTs) to players and reward their participation with our utility token – the $MDBN token.
With our games, we aim to overcome the limitations of centralization in the classic game industry while accelerating blockchain adoption to grow the blockchain gaming market. We will do this by building a gaming platform where creators are able to play, share, collect, and trade without central control, enjoying secure copyright ownership with the ability to earn cryptocurrency ($MDBN). This copyright ownership will be established and guaranteed through the use of NFTs, where every in-game item will have a unique and immutable blockchain identifier.
A User-Generated Content Ecosystem
Madabina gaming ecosystem consists of severals integrated products that together provide a unique experience for players through user-generated content.
- Marketplace: Madabina web-based marketplace allows users to buy, loan, transfer and sell ASSETS such as LANDS in the form of NFTs Tokens (both ERC-721 and ERC-1155 tokens). This ASSETS will also be available on secondary markets such as OpenSea.
- Community Creations: Anyone will be able to use the Community Creation tool. This service enables users to create and propose ASSETS to the community and $MDBN holders for voting approval. If they are successfully approved, these news ASSETS will be minted on the Blockchain and players will be able to use them in the virtual world. The creators of these new ASSETS will get a percentage on each sale of this new ASSET in $MDBN, our utility token.
- Smart Marketing: We will use an automated system to reward our community members participation on all our channels and pages (Twitter, YouTube, Telegram, Discord), and give away $MDBN for each interaction that helps us grow, similarly to a decentralized affiliation system: Let's write a success story together!
- Madabina Node (Alpha Version): This will be the Backend of our games, and will allow anyone having a License to make our games working and accessible in real-time, securely and using Artificial Intelligence (AI) to detect any kind of abuse or fraud. This process will make our games truly decentralized and powered by the community. When our stable version will be released,we will presell Licenses to run Madabina Nodes, allowing owners to earn our utility token, the $MDBN.
Blockchain Gaming with NFTs
Madabina virtual worlds uses blockchain technology and NFTs to empower the players and creators. Each NFT is distinct or unique, indivisible and it is not interchangeable for another. Through the use of NFTs, Madabina users will be able to benefit from:
- True Digital Ownership: Gamers are the true and perpetual owners of their digital items, even if the game was shut down or abandoned. With blockchain, every game item can be tokenized, allowing gamers to decide how they want to trade, sell, or gift their items.
- Security and Immutability: Digital game items can be easily tokenized and traded in primary and secondary markets that are managed and facilitated by blockchain technology.
- Trading: Blockchain-based gaming platforms can provide users with ultimate control over their digital assets. They can buy and sell items freely without concern that they will be ripped off or that a platform will close and cancel all the value of their in-game items.
- Cross-Application Interoperability: Blockchain provides capacity for games to utilize shared assets. LANDS, ASSETS, $MDBN and any other game elements could be used in other games that allow it.
What is Madabina Token (MDBN)?
$MDBN is an essential part of our ecosystem and is intrinsically tied to the Madabina platform and its value. $MDBN is an ERC-20 utility token built on the Plolygon Blockchain (MATIC) for cheaper fees and greater speed compared to the native Ethereum Blockchain. It serves as the basis for transactions and has the following uses:
- Access Madabina platform: Players spend $MDBN in order to buy equipment, or customize their Avatar character—and can potentially collect $MDBN through gameplay. Players spend $MDBN to acquire ASSETS and LANDS.
- Governance: Employing our Smart Contract to autonomous systems and $MDBN as a governance token, holders can participate in Governance decisions of the platform, using a DAO structure. The vote power of holders will be calculated automatically by our smart contract. They can exercise voting rights on key elements such as Foundation grant attributions to content and feature prioritization on the platform Roadmap
- Founding the Madabina platform: Its role is to support the Madabina ecosystem, to grant high quality content and game production offering on the platform. To date, Madabina has funded several games projects and granted artists to produce NFTs ahead of the official launch.
Challenges and risks
It is the responsibility of any purchaser of $MDBN to inform themselves of, and to observe and comply with, all applicable laws and regulations of any relevant jurisdiction. If any of the indicated risks were to materialize, then they could have a negative impact on the Issuer’s finances and operational performance which can hinder the ability of the Issuer to fulfill its obligations under this whitepaper.
The Issuer operates in an emerging and disruptive industry that is under rapid and dynamic development. This includes, but is not limited to, the developments relating to the business itself, the underlying technology, and the regulatory and legal implications thereof. Specifically, in relation to public knowledge and understanding of emerging technologies, such decentralized technologies, smart contracts and other innovative technology arrangements. The risks arising out of such may not be fully comprehended as of yet and new additional risks may arise in the future.
As the Issuer’s undertaking is reliant on the continuous and proper functioning of its technology infrastructure, the Issuer is subject to a variety of risks relating to the proper maintenance thereof. These risks include, but are not limited to, cyber-attacks, data theft or other unauthorized use of data, and other malicious interferences. Certain parts of the infrastructure may be outsourced to third parties. In such cases, the Issuer is reliant upon technology arrangements developed by such third parties for the running of its undertaking, and it is exposed to the risk of failures in such technology arrangements.
The Issuer is also subject to various laws, including regulations and rules issued thereunder, and is at risk in relation to changes in the laws and the timing and effects of changes in the respective legislation. This includes changes in the interpretation thereof which cannot be predicted by the Issuer.
The growth of the Issuer and its undertaking is partially attributable to the efforts and abilities of the members of its management team and other key personnel. If one or more of the members of this team were unable or unwilling to continue in their present position, the Issuer might not be able to replace them within a short time, which could in turn have a material adverse effect on the Madabina ecosystem.
The Madabina Platform
We want to bring the complexity of Web 3.0 close to our users through a ludic and simplified gaming interface.
The Madabina team work to resolve this three key problems that could hinder future growth in the classical gaming industry if not addressed:
- The centralization of user-generated content limiting creator rights and ownership (such as in Minecraft and Roblox). This will be addressed through the use of the NFT technology and the possibility for anyone to propose new ASSETS to be used in game (after voting approval).
- Central control over the trading of virtual goods by players, limiting what they can or cannot sell and/or taking a significant portion of the sales revenue. This particular issue will be addressed through the use of marketplaces for ASSETS exchanges, both on our native marketplace and on secondary markets (such as OpenSea).
- Existing game marketplaces are based on fiat currencies, which do not support true microtransactions and are vulnerable to credit card fraud that can unbalance in-game economies, such as in pay-to-win games. This will be resolved with our $MDBN utility token.
Today, we currently have two games under development in which Blockchain technology is being implemented:
This game is already available on the Google Play store. You play by selecting a wheel and then proceed to destroy any type of object, you have to pay attention to obstacles and fulfill the invincible mode so nothing can stop you. You’ll need to improve the performance and shape of the wheel and unlock other wheels. At the moment, this game does not support Web 3.0 (such as Metamask) but its integration is under development so we can bring this game to the metaverse and the Blockchain soon.
This game is the first Madabina’s Play-To-Earn game, it is currently in Pre-Alpha version and will be released in Q1 2022. This game will use NFTs such as LANDS and ASSETS for players to earn our utility token, the $MDBN. In this real-time-strategy game you will be able to customize your village, build an army and crush your rivals. By joining an Alliance you will be able to establish power over your enemies.
Blockchain allows creators to have true ownership and thanks to this technology we, in our capacity as developers, can finally reward players for their time and the hard work they put into content creation (after validation), allowing them to monetize and freely trade their ASSETS, which are virtual tokens for digital scarcity, security and authenticity. These NFTs are unique or limited as well as distinct and indivisible.
The Marketplace is the trading environment for ASSETS, where they can be given away for free or sold to other PLAYERS.
Smart Contract: 0x000000000000000000000000000000
LANDS are ERC-721 standard for NFTs representing physical parcels in Viking Rush Metaverse and our other games. They allow players to own a portion of the Metaverse and thus be able to host content:
- LANDS are strategic positions on the map you can explore or own to gain specific resources bonuses. Each tile will have a dynamic town picture on the map. There is different rarity for LANDS with different bonuses, such as common, uncommon, legendary and ancient. They are automatically generated using the map properties.
- LANDS can be exchanged between players through the Marketplace or secondary markets.
- LANDS owned by a player can be entirely renamed and personalized with in game ASSETS.
- The number of LANDS is limited by a max supply of 3995 LANDS to sustain $MDBN Tokenomics.
- LANDS can host a clan of several players (depending on the LAND’s size).
- For our first LANDS sale, each sale in MATIC will participate to grow our utility token value ($MDBN), by providing 5% of the sale to $MDBN liquidity on UniSwap and SushiSwap (see 9.a Tokenomics).
LANDS can be minted directely from the map
On our Marketplace, players will be free to buy a large set of ASSETS to make the game truly decentralized and owned by players. ASSETS are both ERC-721 and ERC-1155 tokens on the Polygon/MATIC Blockchain. They will be the following:
Players will be able to buy a variety of different avatars in the form of NFTs with special in-game bonus effects on our Marketplace.
Players will be able to buy special ASSETS buildings to unlock particular function, such as:
This building will provide access to our in-game liquidity pool, to grant the $MDBN token liquidity on UniSwap and SushiSwap.
Portal Buildings (Decentraland Portal and SAND Portal)
By buying these virtual places, players will help the team to gather funds to buy lands on Decentralan or The Sandbox to make our game cross-platform. Players will be able to vote and add funds for this particular purpose, if they stake $MDBN on this building they will earn a percentage on our future profits.
Players will be able to buy and earn in-game consumable boosts in the form of NFTs to get a temporary bonus on particular ressources or in-game statistics (attack/defense). If the bonus is used, the NFT will be burned.
The team is currently evaluating the following options for further development:
Integrating Virtual Reality / Augmented Reality:
We are currently evaluating its feasibility to create a more immersive and interactive world for players. So far we have conceptualized a VR Swap as well as creating physical VR places where players could meet.
Allowing "second-layer programmability":
Setting a Factory Smart Contract to give developers the power to build in-game mini-games to extend our Metaverse interactivity.
If our community gives us its approval, we will consider adding cross-chain for the $MDBN token to ensure a greater adoption.
Smart Viral Marketing
As exposed precedently, the Madibina platform will use an automated system to reward our community engagement with $MDBN as well as ensuring White Listing to buy our first NFTs. This system is composed of a set of bots continuously scanning the web to incite user engagement and optimize our virality, or Smart Viral Marketing.
This system is composed of two layers:
Incited Users Interactions:
- By linking their Twitter account to the Madabina platform and following us or mentioning us on social media, such as Twitter, users will accumulate reward points to get White Listed for our NFTs pre-sale, as well as getting $MDBN rewards.
- By linking their Discord account to the Madabina platform and simply interacting on our channels, the user will also accumulate reward points to get White Listed and earn $MDBN. Our Smart Viral Marketing system will make it work.
- By linking their Telegram account to the Madabina platform and interacting on our group, users will accumulate reward points to get White Listed for our NFTs pre-sale, as well as getting $MDBN rewards.
Active User Interactions:
- By mentioning the Madabina or our games with hashtags or tags on Twitter or Youtube, our system will automatically detect it and allocate $MDBN rewards to the user.
- By simply using our platform, users will be rewarded freely with $MDBN, for example with a daily login reward to retain our users.
See more at your Account > Rewards (Metamask required).
The rewards points to be White Listed will be exchangeable to our $MDBN token, but users making this choice will have to get rewards points again if they want to be White Listed.
The $MDBN rewards allocated for user interaction are based on a backend calculated score for each of them, this system will be more rewarding for early adopters.
This decentralized affiliation system ensures virality to our project and games, by inciting for user engagement and automatically detecting interaction to fairly reward people who trust us and want to grow with us.
Smart Contract : 0x000000000000000000000000000000
The $MDBN token is an essential part of the Madabina platform. We are working on establishing keys in game mechanics to connect the $MDBN token to its value, but also through advanced Tokenomics and services. $MDBN is an ERC-20 utility token built on the Polygon Blockchain that serves as the basis for transactions within our games. The core team selected the MATIC Blockchain for its low fees and speed, this way will ensure small and great investors a straightforward participation in our project. It will have the following uses:
Access the Madbina platform:
Players spend $MDBN in order to play games, mint and buy NFTs like equipment (such as LANDS).
$MDBN is a governance token that allows holders to participate in Governance decisions of the platform, using a DAO structure. They can exercise voting rights on key elements such as feature prioritization on the platform Roadmap. The vote power of holders will be calculated automatically by our smart contract using this formula:
[Image: MDBN voting power formula]
0.05% of all transaction volume carried out in $MDBN tokens will be burned automatically by our Smart Contract. This small transaction fee will ensure deflationist Tokenomics to our utility token. We will also make the burn percentage value dynamic so it could be reevaluated for security or Tokenomics needs.
Allowing users to stake the $MDBN token, this would let holders get passive revenues and also be useful for our game development and interactivity by making staking the only way to obtain exclusives in game features.
Players will be able to provide liquidity to the $MDBN token directly in game.
How to earn $MDBN?
Players who want to earn $MDBN tokens without using DeFi such as UniSwap to buy it, will be able to use these following revenue streams:
Interacting with our games:
In game features will provide several ways for players to earn $MDBN, such as weekly contests and specials missions and DEFI tasks.
Using the Marketplace:
Players can use our Marketplace to earn $MDBN by selling their NFTs such as LANDS and ASSETS.
With special in-game buildings, players will be able to stake $MDBN and get staking rewards, as well as participating in our games development and growth (see 5.c.3 Buildings).
Interacting with our social media:
With special in-game buildings, players will be able to stake $MDBN and get staking rewards, as well as participating in our games development and growth (see 5.c.3 Buildings).
Initial Game Offering (IGO)
*To gather further fundings to develop our team and our game we will make an Initial Game Offering (IGO). We will propose 2% of our max supply (100,000,000 tokens over 5,000,000,000) for sale for a limited period of time. The floor price will be 0.01 MATIC.
We will attempt to raise 100 000 MATIC to ensure first listings, team extension, game development and cross-platform integration (buying LANDS on Decentraland and The SandBox).
Initial NFTs sale
Our first ASSETS NFTs sale (such as LANDS) will be offered in MATIC, 10% of the sale will be used to add liquidity to our utility token, the $MDBN, on Web 3.0 platforms such as UniSwap V3 and SushiSwap. This will help us fund the launch of the token and our games, and will also ensure an easier and simpler adoption. Afterwards, the next sales will be done with our $MDBN token.
The core team selected an original way to emit our utility token. The $MDBN token will have a truly dynamic minting, meaning the token emission will not only be relative to the max supply but also to the price of the $MBDN token. This way we will ensure that the token is slightly less emitted when the $MDBN price is high, and slightly more emitted when the $MDBN token price is low (you can see more in the following graphs). These dynamics are scripted inside a transparent Smart Contract.
Furthermore, our tokens will be emitted through a Proof-Of-Gaming mechanism, this means that tokens will be minted depending on the in-game demand reflected by the players’ actions and achievements. For example, a player or a group of players winning a daily contest will trigger the automated creation of the won tokens (with an amount managed by the dynamic minting process). This whole procedure is scripted through a transparent Smart Contract.
See the below simulation of our dynamic minting process if the $MDBN token does have a similar price curve as the SAND token (The Sandbox).
[Slide Image: Sand Token Value]
[Slide Image: corelative $MDBN Minted]
[Slide Image: Estimated $MDBN Circulating supply]
In game DeFI
The Madabina games will provide several in-game Web 3.0 services to the players through specialized Smart Contracts, such as liquidity and staking pools (as specified in 5.c.3 Buildings), bridge and swap.
These DEFI services will be integrated in-game through dedicated interfaces and managed by Smart Contracts to ensure an user-friendly fusion between the game economics and real Web 3.0 services.
The $MDBN is an ERC-20 utility token built on the Polygon / MATIC Blockchain that serves as the basis for transactions within our games. Hence its low fees and fast speed, we will also benefit from its inherent security.
Using our token on a web wallet will require the Polygon / MATIC Remote Procedure Call (RPC). Our website proposes a user-friendly way to automate this RPC integration to web wallets (see 8.c Wallets).
Furthermore, we will use the Non-Fungible-Token (NFT) technology, as our ASSETS are both ERC-721 and ERC-1155 tokens built on the Polygon/MATIC Blockchain (see 5.c Madabina ASSETS).
The Madabina platform will use the following technologies to makes its games work:
|MDBN Features||Smart Contracts||Madabina Nodes|
The Madabina games will be fully compatible with browser wallets such as Metamask or Brave Wallet, this will ensure our games a strong security and easier adoption.
[Images: Metamask, brave]
All the Madabina games will use our utility token, the $MDBN. $MDBN is an ERC-20 utility token built on the Polygon / MATIC Blockchain that serves as the basis for transactions within our games. The core team selected the MATIC Blockchain for its low fees, speed and its inherent security.
See more at Polygon Technology
This will safeguard Network security.
As a third security layer, using web browser wallets such as Metamask and Brave Wallet will ensure our user to benefit from their inherent security. In-game wallet signature mechanics at every levels will guarantee a strong security. See more at Metamask or Brave Wallet
Finally, to ensure that our games are decentralized and secure, we will deploy Madabina Nodes. This will be the Backend of our games, and anyone having a License to run a Node will make our games working and accessible in real-time and securely with the help of Artificial Intelligence (AI) to detect any kind of abuse, fraud or cheat. The license's owners will be rewarded with $MDBN, similarly to a proof of work (PoS) mechanism.