Geopoly Is Building a Blockchain Gaming Ecosystem Where Players Can Build Business Empires
Geopoly is a geolocation economic simulator that allows users to rent, buy, upgrade and sell real estate and business assets.
It is built within a system that combines on-chain and off-chain layers to provide users with an immersive gaming experience based on real-world data.
The off-chain game loop consists of four activities, namely build, rent, upgrade and sell businesses. The gameplay is divided into different branches, and players receive one free branch once they sign-up.
The branch provides them with a management capability (MC) to manage and rent businesses. Similar to most simulator games, once the player has exhausted the initial MC, they will be required to upgrade their rental properties. This upgrade is beneficial to the player as their hourly earnings from the property will increase.
The Off-chain game loop also has different currencies, including cash, gold, XP, and MC. Cash is the primary medium of exchange and is generated from rent received from letting out businesses. MC is a currency that is automatically generated from each branch and used to upgrade individual branches.
Gold is only accessible via the in-game store and can accelerate new buildings and update existing businesses. XP are produced following successful upgrade on properties and raises the level of the headquarters.
Geopoly has chosen to build its On-chain game on Polygon, a layer-2 blockchain protocol that enables scalability and low transaction fees on the Ethereum blockchain. The Onchain game enables players to buy, upgrade and sell properties as NFTs using GEO$ tokens.
The NFTs are divided into two types. Specific and Iconic Locations are pre-mined NFTs that players can purchase and generate GEO$ tokens passively via yield farming.
Ownership Certificates are NFTs that are minted on request by players. The NFTs grant full ownership of selected businesses and can be exchanged or sold to other players and investors in dedicated NFT marketplaces.
Geopoly has partnered with Seedify, Enjinstarter, Poolz, and NFTPad by Trustpad to serve as launchpads for the public sale of GEO$ tokens. It is also backed by top blockchain platforms, including GD10, AU21, X21, Polygon, and more.
Geopoly has also onboarded Sebastien Borget, the COO of popular gaming metaverse Sandbox as an advisor to its project. This is a huge achievement and shows the interest in the project from top stakeholders in the crypto world.
More developments in the future
Geopoly has an extensive roadmap and has plans to begin its NFTs pre-sale, Initial Node Offering (INO) and token generation event (TGE) in December. The INO will be held on December 10 on Moonstarter and the public will be able to participate in the NFT presale on December 12.
The GEO$ token generation event (TGE) will go live on December 15 on the popular decentralized exchange SushiSwap and will represent a major milestone for Geopoly. The public will be able to access GEO$ tokens for the first time. Following the TGE, Geopoly plans to list GEO$ tokens on several centralized exchanges.
