What is GP101
Last updated
Last updated
GP101 is the first risk-mitigated on-chain Lend-to-Earn (LTE) fair game standard of Solana. It minimizes the risk of players in the game, straying away from the unworkable Play-to-Earn (P2E) model.
If an on-chain game fits the four criteria established below, we consider it to be a GP101 LTE game:
Fair Launch
The game is launched to the market in a fair method. (DEX listing, enable price discovery, and no pre-existing investors).
Tokenomics are as follows: 50% LP, 35% in-game rewards, and 15% lending.
Lending 2.0:
The game must have a lending or borrowing mechanism.
Users must be able to lend the native blockchain currency (IE $SOL) to mint the game token.
100% Community-Driven
By adopting a fair launch method and tokenomics, the game economy is 100% community-driven.
No centralized group of stakeholders can influence the economics of the game.
Non-Pay-To-Earn
Users mustn't pay to be able to earn.
Users must play and participate in the game economics to earn.
We propose a solution that enables the game currency to retain value and sustainably grow, while minimizing the disruption caused to players in-game by allowing the game economy to run frictionlessly in parallel with the token economy.