This article relates to a blockchain game called Solarbots. It is not intended as financial advice and/or advice of any form, and is an analysis based on potential marketplaces and tokenomics disclosures. It relates to future possibilities and any assumptions in it could be faulty, mistaken and/or simply wrong. The author holds Solarbots assets. The author is not responsible for any decisions you make.
SOLARBOTS TOKEN ANALYSIS
By baronar
Solarbots base tokenomics will consist of two primary fungible tokens, Fragments of the Abyss (FOA) and SOLS tokens. The whitepaper also calls out other examples of presumably fungible tokens, primarily those that will be useable for crafting such as wood, herbs, and presumably, metals, precious metals, gems and so forth.
In terms of non-fungible tokens, the expectations from the whitepaper are that NFTs will include the Pilot (the player character) as well as Pilot wearables, the Solarbots themselves, depending on their tier or “Mark”, Solarbots body parts for Marks that must be constructed, Building plots/Guilds within the Capital Cities, Land Plots outside of the Capital Cities, decorations such as furniture and various other items as necessary.
The focus of this guide will be to discuss the fungible tokens in greater detail. So let’s get at it! A later guide will be published in the future detailing exactly what we can expect with regard to the various Marks of the Solarbots.
FOA TOKEN.
Let’s breakdown FOA. FOA is the governance token for any voting propositions that are necessary for the player base that might steer the game. It is probably an important distinction that FOA is not proposed as a full ‘ownership’ proposition of the project itself, instead FOA will “give its holders the power to vote on proposals and control the Solarbots Treasury through staking.” In addition to the governance proposition, FOA “will be used in crafting.” The whitepaper also indicates that FOA may have other use cases as determined at a later time.
Regarding FOA, the whitepaper also decrees that, “closed dependency loop[s] between the [crafting] disciplines, [are] cemented further by the fact that all crafting activities will incur a fee that can only be paid with FOA.”
FOA can only be obtained by the player base by owning NFT assets that generate FOA, via staking FOA, and through a portion that is allocated to Play and Earn. The total amount of FOA that will be available at FDV is 10 Billion. The distribution plan for FOA is 10 years. The total amount of FOA that will be distributed to the player/owners will amount to 60% of the total FOA allocation or 6 Billion FOA.
Since FOA will be required for every crafting interaction, a player/owner who is interested in engaging in the crafting loops for the Solarbots universe will likely want to acquire FOA – perhaps as much as possible. In a very unique proposition, FOA is never put up for public sale, instead all FOA must be acquired as set forth the the allocations. While this might limit an opportunity to create a big buzz about the FOA token, this specifically favors those who engage in the space early and often. All distributions will take place over a period of ten years:
- Once launched, 10% of the total FOA allocation will be available to gamers as Play and Earn rewards. More details regarding this allocation will be provided as the game is released and progress from the MVP pre-alpha to a release game with FOA distribution integrated.
- MK1 Solarbots yield 10% of the total FOA allocation, distributed among the 40,000 unique MK1 Solarbots. Those that presently own these Solarbots have the opportunity to see their FOA accumulation on solarbots.io. This FOA is subject to a 1-year lockup and/or may be released when crafting goes live (as FOA will be necessary for crafting).
- MK0 Solarbots also yield 10% of the total FOA allocation. These will be exceptionally rare and powerful Solarbots that will be handcrafted by the team and only available via auction or special event. MK0 Solarbots are also slated to be stakeable assets.
- Player Housing and Guilds will yield 10% of the total FOA allocation. This distribution is strategically rationed between these various assets, 6% to player housing, 1% to small guilds, 1% to medium guilds and the remaining 2% to large guilds.
- Finally, 20% of the total FOA distribution is allocated for Staking Rewards. Presumably, this will be a single sided staking system that requires some period of time of locking up FOA tokens to obtain further yield.
Fees for crafting and the in-game Marketplace are intended to go the to Foundation (controlled by Solarbots Labs). Out of game Marketplace fees are earmarked to go to Solarbots Labs directly.
This should give the reader a relatively quick summary of what FOA is and how to obtain it.
SOLS TOKEN.
The SOLS Token is the “base game token.” SOLS are the main currency of all factions of Eld. SOLS are used to power homes, cities and Solarbots. SOLS are an integral part of various magic rituals, including crafting.
SOLS are obtained by defeating Monsters of the Abyss as the monsters consume SOLS by their own nature. As such, players will be required to engage in battling in order to earn SOLS tokens.
Use cases for SOLS include crafting Solarbots body parts, allowing for upgrading of body parts, usage as a currency to exchange them for repair kits/potions, enabling the socketing of body parts, “purifying corruption in void rarity body parts”, use as an optional currency in the marketplace, and can also be used as payment to access content such as manga, anime and/or merchandise.
Many sinks and burns are planned for the SOLS token. While all of the above are planned interactions, the Solarbots team has been clear that they are open to additional opportunities for burning SOLS tokens including diversifying the Solarbots universe into additional experiences and broadening the total scope of the Solarbots space.
This is a good summary of what we know about the SOLS token.
I hope that this token guide is useful to you. I know for myself it is sometimes a challenge to read through various materials and sources to pluck out the most pertinent information on particular topics. Please do not hesitate to make suggestions, updates or supplement this information with anything you feel fellow pilots really should know about the tokens of the Solarbots Universe.
Protect us fellow pilot and all the denizens of Eld!
References:
https://solarbots.io/Alpha_Solarbots_White_Paper_V1.pdf
https://solarbots.substack.com/
https://misotsune.substack.com/
