HEADLINE: Proposal for a reward system based on the My Pet Hooligan StreetKred Leaderboard System. **Backstory ** If you want to see more of some behaviour: incentivize it. Today My Pet Hooligan has a system where playing the game offers ways to gain an in-game points called “StreetKred”.
The AMGI team is in control of what actions earn StreetKred, how much of it is awarded for each action & what factors impact the rate of how fast players accumulate it.
They have often listened to the community with the game, for example when the players wanted them to double down on skateboarding or when creators requested a tutorial.
**So I propose a new reward system based on the My Pet Hooligan StreetKred System **
Goals:
- Increase the game’s active player counts & retention
- Grow the karrat ecosystem & the mindshare of karrat
- Enable adding new strong utility for ecosystem assets
Why go big with this today?
- incentives give the best returns in web3 during bull
- many games are going all out to attract players & coverage
- our early access is better than 99% of games out in web3 (super clear from feedback of creators & communities)
Details: The in-game StreetKred system is already live, resets monthly and saves the previous month’s final results data. The reward system I propose is based on monthly final results of the StreetKred system & also partly on luck.
Monthly budget: 668 333 karrat tokens
Total budget: 2 004 999 karrat tokens
3 months of monthly rewards: The reward system tracks the StreetKred system’s monthly final results of March, April & May.
The Monthly Reward System’s process in 2 parts:
Part 1. Top 500 highest ranked players on the monthly StreetKred leaderboard get 333 333 karrat tokens per month split in the following way:
1st place 7500 2nd place 5833 3rd place 4000 top 4-10 get 3000 each top 11-20 get 2500 each top 21-30 get 2000 each top 31-50 get 1500 each top 51-100 get 1000 each top 101-150 get 800 each top 151-200 get 600 each top 201-300 get 500 each top 301-400 get 300 each top 401-500 get 200 each
Part 2. tiered raffles of 325 000 karrat tokens monthly are done the following way:
Each player gets a ticket for every 500 StreetKred they accumulate in-game, there is no cap for tickets
- Each ticket is a chance to win in the unlocked raffle tiers
- 3 raffle tiers unlocked through reaching certain amount of tickets: Bronze, Silver, Gold
- Each tier has a raffle after the monthly StreetKred season resets
The requirements to get into the raffletiers: Bronze=10 tickets, Silver=50 tickets, Gold=100tickets
The prizes & winners of the raffletiers: Bronze = 75 winners of 1000 karrat tokens each Silver = 50 winners of 2500 karrat tokens each Gold = 25 winners of 5000 karrat tokens each
Additional details:
- New tier unlocked means 1 more raffle the player can win
- 1 Wallet can win in multiple raffletiers
- 1 Wallet can only win once per each raffletier
Rewards paid within 14days after monthly StreetKred reset.
10 000 karrat tokens monthly reserved for on-chain fees
Note: 3 modifications have been made to the system since this proposal went through both discord forum & a temperature check earlier
- the reward amounts have been adjusted to karrats price fluctuations since the origin days of this proposal
- to give players more tangible milestones, the original raffle idea evolved into the raffle tiers version of it
- added 30 000 karrat tokens to assist with potential on-chain fees to come sending these rewards