Plato Farm — Evolution of human civilization in Metaverse
Krypital Group announced the completion of its Strategic investment in Plato Farm — Evolution of human civilization in Metaverse
Plato Farm is a metaverse that uses blockchain technology to simulate the evolution of human civilization. Through hard work, players can develop the wildland into a rich and modern home of human civilization, and then create the space civilization. In 390 BC, the great ancient Greek philosopher Plato dreamed of a kingdom of fairness, justice, order, perfection, division of labor, and happiness. Let us work together and build this dreamland together!
Ecosystem
· Trading system
Plato Farm players reap harvests through work. It takes 30 minutes for crops to harvest agricultural and sideline products, depending on the crop. Three stages are involved: seed state, development state, and mature state. After the crops are mature, players can obtain agricultural and sideline products through particular operations.
Some agricultural and sideline products are traded using MARK tokens, while some commodities are traded using PLATO tokens. Players can engage in free trade according to their own needs.
· Mining System
By staking MARK tokens in the in-game bank, PLATO token mining can be carried out and PLATO tokens can be staked. PLATO mining can also be carried out.
· Social System
Friends: Players can choose to be friends with any other player in the game. Friends can interact with each other by exchanging greetings and making transactions. There are also special friend tasks.
Alliances: Players can receive rewards by joining alliances, which can help them boost their agricultural output and mining efficiency.
In the game, players can also form alliances to seek help and conduct exchanges. Players can interact with alliance members through orders and donations to realize transactions between products.
Players need to submit an application to start an alliance. All members of the alliance are directly or indirectly invited by the founder of the alliance. The alliance is divided into 5 levels:
Profit in Plato Farm
In the game, players can benefit themselves in four ways:
- Proceeds from purchases and sales (investment and monetization)
- Growing plants and raising livestock (work and mining)
- Selling and trading obtained items (acquisition of game item loop)
- Transactions and collaborations between friends (creation of personalized territories)
Token Utility
· $Plato
The quantity of PLATO remains constant at 10 billion tokens. It is both the game platform token and a kind of status symbol.
- Players can obtain PLATO through trading in the secondary market or MARK staking.
- Rare NFT items and basic production materials such as land, factories, and farms must be exchanged for PLATO.
- For advanced levels or to unlock more game content, players need to hold a certain amount of PLATO.
At the same time, fifty percent of the team’s revenue will be burned to maintain a certain degree of deflation.
· $Mark
MARK definition: It is a universal payment token in the game, similar to real-world cash.
MARK function: It acts as a trading medium for general props in the game and is used to calculate the transaction value. The game’s general props and equipment are anchored MARK, players to buy these props must use MARK to settlement.
MARK supply: MARK is the money in the game, and the money supply is closely related to the gross domestic product (GDP) of the game. The daily increase or decrease of GDP automatically regulates the supply of MARK. When GDP increases, MARK supply rises according to F (x) specific function, while GDP decreases according to F (x) specific function, but the daily upper limit does not exceed 1 billion.
IDO
Plato Farm launched its initial DEX offering (IDO) at 3 pm UTC on Jan. 14, 2022, in which more than 5,000 users participated. A total of 1 million PLATO tokens were sold out within 13 hours.
About the IDO
- Total supply: 1 million
- Total fundraising: $5 million
- Token price: $5
- Quota per participant: $500–$5,000
About the IDO participants
- Participants who completed the Know Your Customer (KYC) procedure: 100,000
- Participants who passed the KYC: 13,000
- Participants who lined up in the IDO: 5,600
- Participants who successfully completed the IDO: 2,547
Huobi Primelist
More details: https://bit.ly/3xy5NEq
About Plato Farm
Plato Farm is a metaverse that uses blockchain technology to simulate the evolution of human civilization. Through hard work, players can develop the wildland into a rich and modern home of human civilization, and then create the space civilization. In 390 BC, the great ancient Greek philosopher Plato has dreamed of a kingdom of fairness, justice, order, perfection, division of labor, and happiness. Let us work together and build this dreamland together!
About Krypital Group
Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end-to-end services such as project incubation, brand management and technical advisory. To date, Krypital Group has invested and incubated more than 100 projects so far.
SOURCE: https://medium.com/krypital/plato-farm-evolution-of-human-civilization-in-metaverse-4b4946a6eabc
