Introduction

Coke deploys fair launch game tokens using GP101, a new primitive for Lend-to-Earn (LTE) on-chain games. Unlike the vast majority of game tokens in Solana, Coke is launched fairly and is 100% community driven.

This whitepaper explains the GP101 standard, the potential of fair launch games implementing this framework, and introduces the first game to utilize it.

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Abstract.

The rise of cryptocurrencies’ popularity have led to increasing implementation of blockchain technology and crypto assets in games, frequently referred to as “GameFi.” The introduction of Axie showcased the usage of the two-token model, whereby the main token serves as the backbone of the game economy, and the second token represents a reward token which in-game users receive as an incentive to play the game.

The primary problem with a two-token model is that it is extremely challenging to retain the demand for the secondary token given that its exclusive use case is to reward millions of game players without impacting the main token. We have seen many attempts to create refined versions of the two-token model, but they have not been successful in introducing sustainable game economies supported by crypto assets.

The one-token model has proved to be a less effective solution than the two-token model; because every stakeholder’s interests are aligned with a single token, which also is used as the foundation for the game economy. In this case, it is very difficult to balance the demand for the token from gamers, the increasing supply of the token coming from early investors such as venture capital or angel investors, and also the incentives for the gamers.

We experiment with a fair launch on-chain game token standard without existing stakeholders, with one utility in mind; to power the game economy through a singular currency.