[AGIP 93] Alchemica spending Competition - Season 3

Authors,: Rikige, Hardkor Gotchi ID: #12543, #20019 Quorum requirement: 20% (9M) Vote duration: 7 days XP reward: 20 XP to each AAvegotchi that is in the voter’s wallet Discussion link: https://discord.com/channels/732491344970383370/1131451897774100510

Hey frens, Following the success of Season 1 and Season 2, we would like to propose Alchemica Spending Competion Season 3. New season parameters reflect learning from the previous seasons + there is more than GHST prize this time.

Season 3 parameters:

2 one –week rounds (Most of the activity came within first two weeks of competition, and so this should be the focus)

Week one: 28 August (Monday) to 3 September (Sunday) Week two: 4 September (Monday) to 10 September (Sunday)

30k GSHT reward for each round funded from gotchiverse player rewards wallet

Multiplier for both weeks will be the same: 1.8x – 1.6 – 1.4x – 1.3x – 1.2x – 1.1x – 1x (We believe this give incentive to build early, moving focus from the “last minute” spenders as they would have bigger cost to move up in the leaderboard)

Top 100 places paid each round (We want to experiment with longer tail. The kinship burn mechanic had a major impact on the alchemica emission. We saw about 300% reduction in alchemica emissions from channeling, and therefore we think this season could attract some new builders inside gotchiverse)

Prize allocation each week (GHST): 1st is 6900 2nd is 4050 3rd is 2550 4th is 1950 5th is 1650 6th is 1170 7th is 870 8th is 570 9th is 390 10th is 300 11-15th is 300 16-20th is 210 21-25th is 180 26-30th is 150 31-35th is 135 36-40th is 120 41-50th is 84 51-60th is 72 61-75th is 66 76-100th is 63 (The payout structure was engineered by SOLOEGOIST based on the WSOP payout structure which is historically proofed to be effective)

WINNING should feel awesome - FAKE + Reward from Pixelcraft:

TOTAL WINNER of competiton will get a unique “Statue” decoration from Pixelcraft once the 3D Gothiverse launches, there will be only 1 statue like this inside the Gotchiverse.

WINNER of each week get a “Trophie” Fake from SOJU (preview in post), so it’s going to be 2 out of 2 fake (super rare)

FIRST to TENTH place for each week get a “Medal” Fake from SOJU (preview in post), so it’s going to be 20 out of 20 fake (still quite rare)

SOJUs work is commissioned, and would be sent to SOJUs wallet 0x8CbF96319b3C56d50a7C82EFb6d3c46bD6f889Ba after the FAKES are delivered to the winners. The price of commission is 250 GHST for each fake + 70 GHST floor for 1 FAKE card, so in total 640 GHST payed from Gotchiverse reward pool

Total budget for competion: 60640 GHST from “Gotchiverse player rewards wallet”

The rules: All on-chain transactions count, same as season 1 and season 2 We have Altars / Harvesters / Reservoirs / NFT Displays / ITEM SHOP to spend alchemica on

Final words: We believe this competition could “flush out” plenty of alchemica from circulation. The effect should be longer term, as the channeling emissions are reduced after kinship burn implementation. At the same time, we would incentive more builders to come to gotchiverse, and potentially turn them into alchemica bulls.