Preface

While many gaming ecosystems operate on different blockchain networks, Web3 games still face sustainability and scalability issues. WAM has been developed to address this, dedicated to improving related issues in blockchain gaming, allowing players to immerse themselves in the world of strategy, exploration, and digital assets. The gaming platform ranks players and their participation levels using leaderboards. Users can earn profits by creating, promoting, and even developing games using artificial intelligence. However, as of the time of writing, this is still in the development stage.

This article explores the unique products, use cases, important features, project token economics that WAM provides for game community users, and how it redefines the integration of social interaction and games.

What is WAM?

Source:WAM webpage

WAM is a multi-chain play-to-earn (P2E) platform where users typically pay in WAM to access and qualify for participating in tournaments to share the reward pool. This GameFi project enables those who perform well in tournaments and make progress on the leaderboard to earn more tokens, giving them the opportunity to monetize their skills.

The earned tokens can be sold on the secondary market or used to create more games through the platform's integrated artificial intelligence (AI). Ultimately, decentralized applications (dApps) use blockchain technology to protect digital assets and AI, enabling innovative ways to create interesting content.

WAM Brief History

In September 2019, Romanian company Digitap World SRL launched WAM. It was initiated by Daniel Tamas (Co-founder and CEO) and Alex Rus (Co-founder and Chief Business Development Officer). Other executive members of the project team include Vlad Mustiata (CTO), Larisa Muresan (COO), Alex Suciu (Business Development Manager), Marius Rusu (Business Intelligence Manager), Dr. Conf. Octavian Jula (Tax and Compliance Manager), Sergiu Vasilescu (Legal Manager), and Arny (Ambassador).

In November 2020, Arobs CEO Vopicu Oprean launched a traditional seed pre-financing of $350,000 with a pre-investment valuation of $3 million.

In February 2021, the public beta of the social gaming platform was launched. In October 2021, its first white paper was released, and at the time, pre-sales were launched and some strategic partnership agreements were reached. In December 2021, it held a grand token generation event (TGE).

The unique properties of WAM

1) Integration of Games and Finance: WAM combines games with decentralized finance, allowing users to unlock financial activities while enjoying gaming.

2) Support from top investors and partners: WAM has received recognition and support from cryptocurrency participants and investors such as Legion Ventures, indicating the project's prospects and the team's capabilities.

3) NFT Participation: WAM has integrated NFT into its products, allowing users to hold games as digital assets. Through this integration, WAM's native token $WAM can be used for multiple use cases.

4) Vibrant GameFi Ecosystem: WAM is supported by BNB Smart Chain, Solana, and MultiversX blockchain, offering various functions and games to provide users with unique gaming experiences.

5) Strong player community: Decentralized autonomous organization is the core of WAM, and the project continues to develop and maintain. Each $WAM token holder can vote to support WIP (WAM Improvement Proposal) platform development proposals. This makes WAM governance decentralized, as each WAM holder will have a part of the DAO protocol.

Advantages of WAM

1) User Experience: WAM's main goal is to ensure user-friendly interaction with the platform. It prioritizes seamless gaming functionality and the integration of a simple user interface to make gaming easy for all kinds of players.

2) Inclusiveness: As users are part of the project governance structure, WAM modifies the system based on user suggestions. This approach sets WAM apart from other industry alternatives and provides a gateway for mainstream gamers to enter the world of blockchain gaming.

3) Professional Approach: WAM provides gaming platforms on multiple blockchains, providing users with flexible choices.

Disadvantages of WAM

Despite WAM having its own distinct features, it also faces typical issues in the blockchain system:

1) Network congestion: Due to a large number of users, the system may become overwhelmed by network transaction volume.

2) Scalability: As WAM is built on a dedicated blockchain, there is a potential scalability issue that raises questions about the network's ability to handle an increasing number of users and transactions.

How does WAM operate?

Source: Coinspeaker

WAM is a GameFi platform, where each player has a profile provided. Other users can access the player's statistics based on their game history, including the number of WAM won and their ranking on the leaderboard.

The user interface of this application is built in the style of TikTok and consists of five levels:

Amateur

The tournament has the lowest entry fee (about $5 worth of WAM coin).

Semi-professional

When a player wins more than $5000 worth of WAM, they can enter this bidding contest.

Professional

Players who win $WAM up to $250,000 are eligible to participate in this tournament.

Legend

Players with a $WAM bonus of $1,000,000 or more are eligible to participate in this tournament.

Private checkpoint

This special level is a tournament that users obtain by inviting friends (other users).

In addition, to participate in the tournament, players must pay an access fee (in $WAM). This fee enters the smart contract, which is generated by the smart contract generator. The duration of each tournament is indefinite, and $WAM will be locked until the tournament ends. When the tournament ends, the backend notifies the winner's smart contract and appropriately reallocates the reward pool. WAM aims to be a simple platform that allows players to win cryptocurrency rewards.

How does WAM generate income?

The income sources of the WAM protocol are as follows:

1) Tournament Revenue: The protocol charges a 10% fee on each tournament prize pool.

2) In-game revival earnings: Players can pay the game's revival fee to continue the game with the same score.

3) NFT Sales Revenue: Licensing fees for the initial sale and ongoing transactions of free digital assets.

4) Market Revenue: A 3% fee is charged for all transactions in the market.

WAM user

The following introduces the users of the WAM ecosystem:

Player

Players are participants in the tournament, and they earn tokens based on their professional level and winning situation.

Owner

Game owners hold their games as NFTs on the platform and earn a small portion of tournament entry fees. In addition, if the brand value increases, these games can also be sold on the WAM market for profit.

Marketers

Marketers rent games from game owners/creators for promotion and earn a small portion of the total tournament entry fees based on the number of players they introduce through their efforts.

Developer

Developers create and sell games on the ecosystem to earn commissions from game sales. In addition, game developers can earn a small portion of the entry fees from tournaments, regardless of the current owner of the game.

AI validator

AI validators verify user scores and receive rewards. This process maintains the autonomy and security of the gaming platform, making WAM a trustworthy GameFi project.

WAM ecosystem

The WAM ecosystem is sustainable and operates based on the following concepts:

ownership

WAM enhances the decentralization of game ownership and tokenizes it into non-fungible tokens (NFTs). Decentralization fosters a more democratic, transparent, and open gaming environment, benefiting everyone involved, thus contributing to innovation and unleashing new opportunities for the ecosystem.

Market

The WAM market provides a forum for NFT holders, allowing users to sell or rent games and other digital assets without the intervention of intermediaries.

Decentralized Autonomous Organization (DAO)

WAM holders have the opportunity to participate in the WIP (WAM Improvement Proposal) platform development proposal voting process and contribute to the development of the ecosystem. This will democratize the governance of the WAM platform, as everyone holding tokens will have a share in the DAO protocol.

Partner

Source:Digitap LinkedIn

In October 2021, WAM announced a partnership with Legion Ventures, the project's first WAM partner. Legion Ventures is a community-driven private venture capital firm specializing in cryptocurrency assets and blockchain projects, with a vision to impact society and a commitment to realizing that goal.

This partnership will play a crucial role in promoting and developing WAM in the GameFi field. Daniel Tamas, co-founder and CEO of WAM, said: "It is incubated by Legion Ventures, the largest community crypto fund in Romania, and Legion Ventures is our strategic partner." Partner WAM.app needs to become the world's number one crypto gaming platform.

In recent years, WAM has established strategic partnerships with DCI Capital, BCA Investment, Firework Games, DEC Ventures, and Ape Bond, aiming to improve the WAM ecosystem and provide users with the best quality of service.

What is WAM coin?

$WAM is a utility token hosted on the BNB Smart Chain (BEP-20), MultiversX (ESDT-20) and Solana blockchains. In addition, $WAM is the native token of the WAM ecosystem. The WAM ecosystem is an innovative blockchain gaming platform where enthusiasts can play games, create and publish content, and earn money.

WAM Token Economy

Source:WAM.app

$WAM is mainly used to reward platform users and is an important part of the WAM ecosystem. According to official reports, the total fixed supply of WAM is 100 billion coins, and the total market transaction volume is $148,925,539.

Source:CoinMarketCap

The team revealed that 2% of the fixed total supply is used for seed sales, 9.8% for private sales, 2.4% for public sales, 40% for future use in the ecosystem, 5% for advisors, 7% for marketing, 5% for platform development, 14.6% for the team, 5% granted to the foundation, and 9.2% provided as liquidity.

It is worth noting that the first DEX issuance (IDO) will be held from December 15, 2021 to December 18, 2021, with an ICO price of $0.02.

$WAM Token Utility

Source:DAO Maker

$WAM can be used for multiple purposes, including:

Play-to-earn (P2E)

$WAM is like an admission ticket to participate in tournaments on the WAM platform. Players who participate in these tournaments and rank on the leaderboard will receive a small portion of the tournament reward pool based on their performance.

Hold to Earn (O2E)

WAM platform users can own and create games. Games created in the form of NFTs may generate WAM dollars for game owners through tournaments created within the game. This also stimulates the creation of more games. However, potential game owners must own and lock a certain amount of $WAM in order to create their games on the platform.

Marketing Money Making (M2E)

Users in the form of marketing personnel and brand influencers can rent pre-made games from their owners for promotion and tournament creation. This enables them to earn $WAM while playing games, and incentivizes creative individuals to create more popular games.

Development to Earn Money (D2E)

Users holding $WAM can invest in games built by developers on the platform through the third-party developer program. After the game is released on the WAM platform, developers will receive a small portion of the prize pool from the tournaments created by the game.

Staking and Liquidity Mining

Users of the WAM platform can provide liquidity to earn annual percentage returns, which may require collateralizing WAM dollars.

WAM Token Bridge

Source:WAM

WAM is a multi-chain platform where users can hold tokens on BNB Chain, Solana, and MultiversX blockchains. Essentially, the WAM token bridge is a gateway that facilitates the seamless and secure transfer of WAM tokens from one chain to another within the WAM platform.

How to bridge WAM coin

To use the WAM token bridge, you need to meet the following requirements:

1) Add encrypted wallet: WAM token bridge supports MetaMask and Trust Wallet.

2) To recharge your wallet: Users need these funds to recharge their wallets in order to successfully bridge their tokens.

You must connect your desired crypto wallet (e.g. MetaMask) to the WAM platform in order to get started. To do this, please complete the following steps:

a) Install MetaMask in the Chrome browser.

Source:Chrome Web Store

b) Click 'Add to Chrome'. After successful installation, you can create an account.

Source: Chrome Web Store

c) To create an account, you can choose 'Import Existing Wallet' or 'Create New Wallet'. Here, we choose 'Create Wallet'.

Source: MetaMask Wallet

d) Create password.

e) Backup and complete the secret recovery phrase verification process.

After completing the secret recovery phrase verification process, the account creation is completed. Then, you can click "Select Network" to connect to WAM token bridge.

Source:WAM Token Bridge

g) Select 'From Source', then select the Network tab and choose the desired network.

h) Add your MetaMask wallet: The final step is to connect your MetaMask wallet.

Source:WAM Token Bridge

Is WAM worth investing in?

Despite the fact that WAM may not be among the top 20 cryptocurrencies, the project's leadership appears to have rich experience in the gaming industry and has attracted well-known cryptocurrency players and investors. Their roadmap also indicates huge potential and commitment, dedicated to building reliable products while improving the ecosystem. In addition, WAM's adaptability, GameFi's innovative approach, and the growing social fan base indicate its close connection to the Web3 gaming community.

Therefore, the future of WAM looks promising with good investment prospects, especially during bull markets. However, it is important to be aware of the highly volatile and unregulated nature of cryptocurrencies, which are highly speculative and lack consumer protection. Therefore, be sure to seek investment advice, manage risks effectively, and only invest funds that you can afford to lose. It is worth noting that investing in WAM or any other cryptocurrency does not guarantee profits and may result in capital losses.

How to get WAM?

You can purchase WAM through centralized and decentralized cryptocurrency exchanges. For example, you can use the reputable Gate.io, which provides the WAM/USDT trading pair for traders. To do this, first create a Gate.io account and complete the registration process. Additionally, you will need to fund your spot trading account, and then follow the prompts to purchase WAM coins.

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