Introducing the ReneVerse part 2

Benefits for Game Studios & Tokenomics

ReneVerse provides a toolkit that game studios can use for integration. Developers can choose the level of integration that they want their gamers to enjoy. Then Rene token and our tokenomic plan will generate terrific new value streams for game developers.

Game Integration

ReneVerse includes three levels of integration for game studios:

1. Every game developer also has an account-management dashboard which plays a central role in managing his account, from integration to information display.
2. A dashboard displays information about the economics of ReneVerse, including the company’s revenue flow within the network. For example, by enabling a royalty payment, the studio earns a small fee whenever an NFT is used on the ReneVerse platform.
3. Through the dashboard, the studio can see exactly how much revenue the royalty fees are generating.

Rene token

The Rene token is an ERC20 token on the Binance Smart Chain, the primary utility token which allows users to purchase NFTs. At the token-generation event (TGE), token supply will be 500 million Rene. The total supply of Rene will be fixed, rather than dynamic, and the majority of tokens at inception will be locked in a number of Funding Pools. Rene also functions as a governance token, allowing the ReneVerse community to direct the project through the ReneVerse Governance Portal. Rene will be a decentralized project from inception and not controlled by the platform’s management team.

Tokenomics

ReneVerse offers gamers the opportunity to earn money from their gaming experience and allows gaming companies to increase their value proposition, by converting in-game items to NFTs. Every function’s settled in Rene, and rewards and incentives are paid in Rene. We believe that gamers should own their in-game assets and be free to create NFTs which can be staked, bought, sold or rented.

At the Token Genesis Event, two pools will be created: the ReneVerse Incentive Pool and the ReneVerse Treasury Pool. The Incentive Pool is designed to encourage activity on the network by distributing rewards to gamers and sharing revenue with developers.

• Through a royalty fee paid from the Incentive Pool, developers can generate revenue from players that perform any activity (such as staking, renting, or trading) with the items that come from their game.
• In addition to revenue share with game developers, the Incentive Pool will be used as a source of staking and rewards to incentivize gamers on ReneVerse.
• The pool also provides rewards and bounties for the community in order to encourage community investment in the ReneVerse ecosystem.
• If the Incentive Pool’s funds are depleted too rapidly, additional Rene could be injected into the pool from the Treasury Pool subject to conditions set within a smart contract.

The exact amounts and conditions of the flows are governed by smart contracts, with metrics that are modifiable through ReneVerse’s governance portal accessible to Rene owners.

• The Treasury Pool will function primarily as a fund for all internal expenditures aimed at growing the ecosystem. A percentage of the sales revenue generated by game developers will fund this pool.
• The treasury funds from ecosystem revenue will also be used to automatically buy back Rene from the market. The buyback metrics and conditions will be set within the pool governing smart contract.

Eventually, all fees will be pegged to a stablecoin so that the value of fees stay low, as high fees would discourage use and may decrease revenue for both gamers and developers.

Timeline

ReneVerse’s alpha version will be ready as a minimum viable product early in 2022. Our alpha release will include a conversion portal for a largely popular game, allowing gamers to convert their in-game items to NFTs on ReneVerse. Some DeFi features will also be in place, such as an initial version of the marketplace and staking capabilities. Soon after, game developers will be able to mint. We are raising funds with a private token sale.

Free Your Game

The Metaverse and Web3 introduce a socioeconomic shift as more industries become decentralised. For the average gamer, gaming studios and developers, this means lower barriers to entry, more opportunities to monetise, and increased control over the gaming experience.

No more power imbalances, control is now distributed through networks built on peer-to-peer technology like blockchain. This is the next evolution of the internet.