FP2E On-Chain Monopoly Game | Mhaya | by Coresky

Introduction

Mhaya is a Free-to-play and profitable monopoly simulation management game. Evolving from the play-to-earn GameFi model, Mhaya introduces free-play-to-earn(FP2E). By leveraging decentralized architecture, Mhaya offers a mobile blockchain game that is accessible to all and provides earning opportunities to all participating users. This allows players to earn governance tokens, fuel Mhaya memes, and boost Mhaya consensus.

The Mhaya game board is comprised of 40 blocks, containing 12 different types of events. Players start at the beginning and move forward by rolling the dice, which yields random steps and triggers various types of events to earn profits or incur penalties. In the game, players can stake tokens via smart contracts to create game characters, construct and upgrade different buildings, and explore lucky events, allowing them to acquire the in-game token $HAYA and governance token $MAYA and accumulate real wealth in the process of building a city.

Market Heat

On December 4th, 2023, Mhaya opened its registration for NFT premint. In less than 24 hours, more than 5K players were registered. Right now, the game has been launched for public testing and is currently available on Apple TestFlight and Google Play, but the tokenomics isn’t online yet.

Products

Mhaya's gameplay is inspired by the classic and widely cherished board game "Monopoly." In this game, players roll dice to maneuver their characters around the board. Each square on the board presents a unique event, requiring players to strategize accordingly. The ultimate goal is to outlast other players financially, with the last player retaining monetary resources declared the winner. Mhaya also provides architecture in the game. In this open space, if the player constructs the architecture, it significantly boosts the player’s $HAYA earnings once completed. Each type of building generates different returns.

Mhaya’s FP2E aims to eliminate the entry barrier, and it works as follows: The revelation might astound you — initial capital isn’t a prerequisite. A simple download of the Mhaya app is the threshold, and your investment is the time you devote. Exchange your time for HAYA points, a bridge to virtual rewards. Convert $HAYA into $MAYA and, subsequently, sell them for profits. Mhaya supports both free gameplay and gameplay after staking tokens with smart contracts. The latter has a steeper profit curve, while the former allows players to enter the game for free. Non-cryptocurrency players (ordinary players) can participate in the game without creating a wallet. This is particularly important for breaking through and reaching a massive audience outside the blockchain industry.

1.NFTS

Acquire the Exclusive Play-to-Earn Credential in Mhaya through Staking $MAYA or Upgrading NFT;
At the initial stages of Mhaya, there are 13 available NFT characters.

2.$MAYA

Mhaya’s governance token and the sole token in the Mhaya ecosystem;
$MAYA can be earned by either exchanging in-game points(HAYA) or trading on crypto exchanges;
$MAYA can be utilized to upgrade NFT.

3.$HAYA

$HAYA represents in-game points;
$HAYA can only be obtained by playing the Mhaya game;
$HAYA can be used to purchase in-game items, such as buildings, and construct your own Metaverse city.

Team

Industry Sector Analysis

Global Gaming Market

PC and console gaming is booming once again after a more corrective 2022, and we can say with more confidence than ever that gaming is at the heart of media and entertainment. The industry’s impact ripples far beyond the 3.4 billion players it will reach and the $187.7 billion in revenue it will generate in 2023. The worldwide gaming population is projected to reach 3.38 billion, with growth predominantly driven by emerging regions. The global gaming market is anticipated to generate an impressive revenue of $187.7 billion, a figure that merits repeated emphasis due to its significance.

By 2026, annual revenues from the global gaming market are expected to soar to $212.4 billion. While cloud gaming and virtual reality are expanding, they currently represent specialized market segments. Developers in the console and PC gaming industry are increasingly concentrating on live-service games. However, the constant flow of new content, coupled with a limited player base, raises concerns about the long-term viability of live services. Generative AI is gradually integrating into game development, though its adoption has met with resistance from some gaming communities. In the console sector, adventure games are leading the genre, projected to contribute 17.1% to console revenues in 2023.

Web3 Gaming Market

Web3 remains a considerably smaller market size, projected to be worth US$ 23,926.0 Million in 2023. The market is likely to surpass US$ 133,228.2 Million by 2033 at a CAGR of 18.7% during the forecast period. The demand for Web 3 gaming is driven by several factors, such as decentralization and ownership, play-to-earn economy, interoperability and cross-platform support, community-driven development, and enhanced security and transparency. Factors contributing to the rising demand for Web3 Gaming: The growing interest in decentralized technologies is evident as individuals increasingly desire greater autonomy and ownership of their digital assets.

Web3 Board Game

The Web3 board game genre is a considerably new concept within the market. Without any leading project in this sector, the competition should be limited. In 2022, cards and board games recorded a $2.9 billion market size, only 1.43% of the total gaming market. Even though it’s a small portion of a large market, if converted into a Web3 board game, it should be approximately 400 million in market size.

Roadmap

The official website for Mhaya is now live, and the game is currently accessible to the general public. Mhaya is ahead of its development schedule, demonstrating the team's expertise and credibility. The project is scheduled for an official launch in the first quarter of 2024.

Tokenomics

$MAYA is the governance token that represents the foundation of the Mhaya game and its ecosystem. Its value is directly linked to the development of the Mhaya game.
$HAYA is the in-game currency and credit used to connect game features and enhance the gaming experience. It is also a necessary token for building NFT cities in the future.
$HAYA can be exchanged for $MAYA tokens and is destroyed after the exchange.
Free-to-Play Reward Pool: The total amount of the Freeplay reward pool is 5% of the total $MAYA issuance, and any Freeplay player can obtain it without any threshold.
Staking Player Reward Pool: The total amount of the Staking rewards pool is 60% of the total $MAYA issuance and can only be obtained by staking $MAYA through a smart contract.

1. Allocation & Vesting Schedule

$MAYA supports multi-chain deployment, initially supporting BNB Chain/Polygon/Arbitrum, with a total issuance of 2.17 billion. The distribution plan and lock-up/release mechanism are as follows:

$MAYA adopts a dynamic seasonal balance and reduction mechanism. Each season lasts for 90 days, and after the season ends, there will be an automatic 5% reduction in production. This ensures the maintenance of a reasonable network incentive, allowing the governance token to have long-term and sufficient upward momentum.

2. Utility

$MAYA is the critical element for players to boost their profitability.

There are 13 levels of character NFT; each character has a different yield potential and requires players to stake a different amount of $MAYA to obtain;
Players can redeem their staked $MAYA at any time;
The platform will charge 1% of the staked $MAYA when redeemed purposes and destroy that portion of the token for deflation purposes;
Since the game content is bound to the staked NFT, once the redemption operation is confirmed, all content in the player's game will be deleted.

$MAYA is also the governance token for the Mhaya Game.

Investors and Partners

Previous Round

On May 11, 2023, Mhaya announced finishing up $5 Million in fundraising for its Pre-A round. Firestone Global led the investment, and the fund will accelerate Mhaya ecosystem development and support the Mhaya2023 Grant Game Contest (GGC).

Announced Partners

To date, Mhaya Game has established over 30 partnerships spanning a diverse array of blockchain projects. These collaborations encompass sectors such as GameFi, DeFi, Centralized Exchanges, and Guilds, among others, showcasing a broad and multi-faceted network of alliances.

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