This diagram depicts a summarized view of the AI Arena economy. Details are covered in the following sections.
NFTs power the Gaming Competition.
Primary & Secondary Markets
Gamers can win NFT for free by entering qualified competitions (primary market).
Gamers can buy & sell NFTs in the Marketplace (secondary market).
NFT Inflation
Inflation rate will be data dependent and issued via new NFTs rewarded from the Merging Pool (for more detail visit Merging) as well as some supply for promotional purposes such as prize pools for tournaments.
Neuron (NRN) lies at the heart of the AI Arena economic system, helping coordinate and align the incentives of players and stakeholders in the economy.
NRN is an in-game utility token, and serves as strategic resource within the game. When employed effectively, it helps to maximize a player’s chances of climbing the leaderboard in the Arena.
Details of how NRNs are earned via the Gaming Competition is described in the section below.
🪂 Gamers buy NFTs via the Marketplace.
🥊 Gamers train NFTs and prepare for the Arena.
🏟️ Gamers enter NFTs into the Arena to compete on the global leaderboard.
🏆 Rewards take the form of NRNs and NFTs
<aside> ❗ NRN rewards require NRN staking. NFT rewards from the Merging Pool requires both NRN and NFT staking.
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<aside> 🔄 Round(s) A Round is one competition cycle within the Ranked Battle arena. NRN and NFT rewards are calculated and dispersed at the end of each Round. Each Round lasts one week.
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Ranked Battles Reward Scheme - Gaming Competition
Winning NFTs
➡️ To participate in NFT rewards via the Merging Pool, Gamers must:
1️⃣ Stake their NFT;
2️⃣ Preselect the % of Points earned in the current battle to allocate into the Merging Pool.
➡️ The probabilities of winning an NFT depends on the cumulative Points a Gamer allocates to the Merging Pool over time.
➡️ Merging Pool prizes are disbursed at the end of each Round.
⬇️ For a numerical example, see below. Note this is an illustration with hypothetical numbers!
| NRN Prize Pool for Each Round | 100 |
|---|---|
| Total Pts Earned by All Players in Each Round Net of Merging Pool Allocations | 1,000 |
| NFT Staked by Gamer? | Yes |
| NRNs Staked by Gamer | 1,000 |
| Pts allocated to Merging Pool by Gamer | 20% |
Winning NRN
➡️ Gamers must stake NRN to win NRN rewards through Ranked Battles.
➡️ Rewards are paid out each Round Reward earned is a function of:
1️⃣ Your NFT’s performance in the current Round of competition.
2️⃣ The amount of NRN staked on your NFT throughout this Round of competition.
3️⃣ Your NFT’s current Elo.
➡️ For more information on how NRN rewards are calculated, please visit NRN Rewards.
| Round | Pts Earned | Pts Allocated to Merging Pool | Win NFT Prize? | Cumulative Credit in Merging Pool | Claimable NRN | NRN Claimed | Ending NRN |
|---|---|---|---|---|---|---|---|
| Start | 1,000 | ||||||
| Week 1 | 100 | 20 | No | 20 | 80/1000*100=8 | 8 | 1,008 |
| Week 2 | 150 | 30 | No | 50 | 120/1000*100=12 | 12 | 1020 |
| Week 3 | 200 | 40 | Yes | 0 | 160/1000*100=16 | 16 | 1,036 |