Tiny World Community AMA transcript 7th April 2022

A big welcome to each and every Tiny Hero out there in the community! A massive thank you to you all for joining today. We are live for our 2nd community update… We plan to do an AMA each month going forward to bring you the latest development news, general discussion, giveaways as well as answering community questions.

I have opened up a poll in the community section. I want to know which Tiny Hero you guys think we should use for our next set of stickers! Place your vote during the community AMA. I am intrigued to see what designs the community likes the best!

I also have a little surprise for the Tiny Kingdom players a little bit later, so make sure you stick around till the end!

Let’s start with a bit of housekeeping. There are many imitations of Tiny World groups, moderators, events, giveaways and just about anything else you can think of on social channels like Telegram and discord. Please, please, please be vigilant guys! Please gather your Tiny World information only from our official Discord, Telegram, Medium and Twitter announcements. External events can always be verified through our groups, as they will be announced on our channels!

Ok so first off I wanted to share with the community some data from the team for month 1. Can’t believe it has been a month already, it has gone so quickly.

[30-day unique users on chain]

7.88k

[DAU off chain]

11235

[# of active accounts]

117,838

[# of transactions off chain (Kingdom)]

335,591

[# of transactions on chain (Farm)]

222,000

[off chain sales(game assets)] in 3 weeks

$2,792,684

[on chain sales (NFTs)]

$8.1M

[TVL （Total value locked)]

$75,560,391

[The number of TINC Burned]

6,174,645

[TINC in circulation]

7,339,583

[TINC burn rate %]

45.6%

[# of NFTs minted]

96,016

[# of NFT consumed for upgrade]

79,980

[TINC Circulating Market Cap]

$7,219,779

Tiny World looks a lot different to what it did a month ago when we launched. The team has made significant strides and have made some recent changes in Tiny Farm. ICYMI here is the main points;

We have made some general informational and UI improvements to the platform. This includes in the marketplace, TinyDAO, Tiny Kingdom interface, etc. We want Tiny World to be easy to navigate, and will continue to make improvements across the website. Any suggestions are always welcome, let us know what you want to see in Tiny Farm!

We have ended round 1 of the staking pool in Tiny Vault and have moved to round 2, which will last another 30 days. The main changes are a brand new, shiny BTCB-ETH mining pool with 2X weight. The Performance Management Fee (the funds that enter the TinyDAO treasury) is adjusted to 30%.

The team are also working on some updates for Tiny Farm, with a referral system, lending system, quest and battle system being developed as we speak.

You will also be excited to find out we will be releasing some more Tiny Heroes in the near future. There will be some more lower class Heroes with different stat arrangements joining the adventure, and the UR Tiny Heroes are not too far in the distance also. The UR Tiny Heroes will only be available in auctions, and of course, please wait for official announcements through our channels.

I wanted to speak a little about TinyDAO, to explain a couple of things I get asked in the community. You need to stake TINC to obtain veTINC and increase the Hero title in Tiny Kingdom. You will get 1 veTINC for every 1 TINC that you stake ONLY if you stake for 1 year. If you stake for less than a year, you will receive less veTINC.

I suggest you stake a few extra TINC than the title you are aiming for requires. I.E, if you need 100 veTINC for your title, consider staking 110–120 TINC for 1 year. This will benefit you as veTINC reduces all the time, and it will save you BNB in gas fees. You can thank me later!

The team are also working on the veTINC reward system as well, I have had many users ask about this. As soon as there are more updates about this, then we will announce it to the community.

Now let’s talk about recent updates to Tiny Kingdom. I know the community had many opinions and we have made some changes! Please continue to offer your feedback, it is always welcome!

Thanks to feedback from the community, we have changed the way the castle leaderboard works. This takes an average of castle strength across the week to place users instead of max castles. This means that if you want to remove a hero from battle for expedition, your castle strength for leaderboard placing will be negatively affected.

We are always looking to protect the real players and investors in Tiny World, and that is why earlier in the week we have changed the policy for the free NFT. Unfortunately, a few have ruined it for the many by trying to take advantage of the system.

ICYMI, the update now means that the free account is only allowed to sell one material only, and can no longer sell equipment. Only white materials can be listed by free accounts. The price of the order must be $0.10 for free accounts. We continue to monitor the data and are committed to cracking down on bad behaviour in Tiny World as soon as it is recognised.

From the fourth week (07/04/2022–14/04/2022), the Reward Distribution Method of the Leaderboard in Tiny Kingdom game will be adjusted. Currently, the reward is distributed at one time by email after each Thursday leaderboard ends. After this adjustment, the reward will be released linearly over the next week after the leaderboard ends each Thursday.

Tiny Kingdom BOSS feature and quest feature are both currently under development. The BOSS battle will be a community style gameplay where every user in Tiny Kingdom will be able to battle a BOSS alongside their counterparts, with the guys that do the most damage across the battle taking the greatest spoils and having the best chances for leaderboard rewards.

The first quest feature is an exciting one. Participants will be required to forge and submit equipment in the quest userface. The caveat is that you have to forge a specific number onto your equipment which will be predetermined. For example, The requirement for quest is a border robe with number 61, 63 or 65. Users will need to forge a border robe with one of the specific numbers. If equipment forged matches, then the user will earn some TINC after the quest event ends. If the equipment doesn’t match, then the user will need to spend some crystals to obtain equipment into the inventory.

This will help get some materials off the market and improve floor prices, and we have many other consumption scenarios and consumption events for materials and equipment which will be released in due course, like the recycle event and ticket system, which will consume many materials from going on to the market

We have been hard at work promoting Tiny World. We have had a good response to our content creation contest, keep that amazing content coming and you could earn some Tinycoin!

We continue to drive our AMAs, there are a few more scheduled for the next week including one with DappRadar!

We of course announced recently an upcoming slot on Binance live which is super exciting! We have been recruiting streamers and have had a decent amount of applications. The team will go through them and we look to bring you more information ASAP regarding this.

The team have also been working hard BTS over the last couple of weeks to bring TINC to Pancakeswap. You may have seen the announcement regarding the TINC syrup pool. This is great for exposure and we hope to keep putting Tiny World out there and keep the top tier collaborations coming for you all!

The community support has been amazing so a huge thank you to every one of you for your support. We are really excited to create a blockchain gaming community and we know that together with you all, we can make Tiny World into something special.

So I am finished with this section. What we are going to do now is I will answer some questions from Twitter and Discord from the community. After that we will take some live questions.

Once we are finished with the live questions, I will reveal the cheeky surprise. You have to wait till the end if you want to find out what it is! :P

[Twitter and discord questions]

Q1.

In my point of view, “tinyworld” is a great gaming project. But, why did team members choose to use nicknames and not photos? so many scammers, how do u convince us that the game is legit? could you tell me more about auditing and platform security?

- There is legal issue in dev teams country so they need to protect their identity

- It is not uncommon in blockchain projects

- We also have the Tiny theme and having Tiny Hero avatars is good fun and good for marketing

- We have been fully audited by Certik

- Major investors are onboard

- Collaborations with big projects like PCS etc

- Active development, listening to community, and dealing with bad actors since day 1. We will not take our foot off the gas, Tiny world to the moon!

Q2.

About hero status. How does luck affect the game? Is it more important than the other three stats?

Attack — increases damage per second and increases kills.

HP — increases hit points for longer survivability

Defence reduces damage for more longevity

Luck — increases base droprate and amount of crystals obtained per battle

All the stats have their different uses, and all work well together. Luck is just as it is described, luck. It is not consistent, but it can greatly improve chances for higher rarity drops and trading income. The other 3 stats will help to increase castles for leaderboard rank. It is up to the user to formulate their perfect strategy!

Q3.

What other ways of using TINC will you implement?

The team is working on NFT lending, which will allow users to lend NFTs for TINC.

There is many discussions about other TINC usecases, for now it is working well with close to 50% burn rate and a lot of locked TINC.

Be sure the team will only implement something if it is necessary. Too many changes can jeapordise the economy.

Q4.

The current chain is BSC, but are you considering developing other chains in the future?

When EVM layer 2 becomes more mature we would consider moving the game across. Low gas fees would be very beneficial for the game, but the infrastructure is not developed enough for a complex game like Tiny World.

Q5.

How your plan to get more new player ? I think material price has drop because no more new player

So the material price fluctuations depend on more than just one variable. There is always supply and demand that drives prices. That is why some green materials are at minimum price and others are 4–10x higher. The materials that make the better equipments or that are used in more equipment will naturally be higher anyway.

That being said, you make a good point that more players are needed and this will also improve prices especially for green materials. We feel the marketing has been going well and we have been the fastest growing project on BNBchain and have had some great figures already for the first month. We will keep doing our best to ensure Tiny World is best positioned to succeed

Q6.

Are there any plans to make an item for sale limit cap? I have just thought of this idea and somehow I do think it’s going to work a bit against farms. The point is that active idle game players, the ones that actually play fair, will remove their item (if the item isn’t sold in one hour, in a day or two)

Hey man, so your idea is interesting and I love how much thought you have put into it! The team will look at it and will determine whether something like this is necessary now or in the future.

Let me give you my 2 cents… We have already taken measures against multi-accounting with the free accounts, and will continue to take action against users that are acting in bad faith. There also becomes the issue of upsetting the lots of players with restrictions that may not be entirely necessary. Players have limited inventory, and if you want to list an asset but you can’t as it is full, it goes against our trade everything policy. The last point I want to make is that not all assets are at the price floor yet, so your method just wouldn’t work right now.

We have measures to implement to protect assets floor prices, the game is still very young. The team is experienced in building this kind of economy. They have the data and will make adjustments, updates and improvements when necessary.

Q7.

To know and determine what is the base drop % of items, I made a blue item spreadsheet that can be reproduced for the other rarities. But in the whitepaper there is no initial drop rate, could you ask this question to have a real answer of what is the chance that each map and character has to drop items?

First, thank you so much for creating such a document! It is always great to see users interested in how the mechanics of the game work.

The team are working on getting this information put into the docs, as soon as it is ready then we will let the community know, and you can get the data you need.

Q8.

1. Are you gonna add new weapons to the game and if so what colors and levels would they be.
2. Will the equipment and material orders for the marketplace be increased in the future from just 1 or will it be a one time fee to buy a new order slot to sell items.
3. In my humble opinion can we have a daily sign in streak instead of the usual 50 gems for example, day 1 50 , day 2 75 , Day 3 90 and so on. i just feel it would make users play more but also a reward to the loyal community that play all/everyday of this beautiful game
4. There will be new items coming to Tiny Kingdom when the BOSS battle is implemented. I am not going to release any details, so you can think about what new items could be coming! Got to keep some teasers for later ;)
5. To increase amount of selling slots, you need to increase title by improving hero level, castle strength and holding veTINC. There is a one time TINC fee to increase inventory slots by 4 for materials and equipment.
6. It’s like you read my mind! I suggested this to the team also, I think a 7-day streak would be great to get users signing in every day. Let’s see what they do.

Q9.

How do you deal with situation scam such as members with multiple free accounts for listing orders for materials. Just to buy all materials at cheap rate from the parent account?

We have made several improvements already about this. The trade leaderboard was the initial problem, so now only users who are apprentice title will be able to get on trade leaderboard. Also we have put multiple restrictions on to free accounts to stop this situation from happening.

Any other data that suggest bad actors will be investigated and if there is any wrongdoing, the team will implement new measures like before!=

Q10.

any plans for an official mobile app release? and also some ledger support, ive spent days researching just trying to figure out how to play on my phone with my ledger. no hardware wallet support on metamask mobile app, and no dapp browser on ledger live app makes it very difficult to play on mobile with a ledger with the current way the account system works. for example mobox has my wallet bound to my account, so i dont have to sign a transaction when i want to play, can use ledger with mobile with no issues. thanks guys & awesome work so far!

Yes, the team is working on Android and iOS version of Tiny Kingdom which is great to attract new users. As for ledger support, please can you log a support ticket in the discord with some suggestions that may be able to improve the experience for ledger users? I can make sure the right people see it then

Ok so everyone who’s question was answered, you will get 10 TINC each, thank you for the questions and now I will open up the floor for some live questions. Please write them in the #ama question section of the server and I will answer them. Then after the live questions are over, don’t forget the surprise at the end, I won’t tell you what it is yet, it’s a surprise!

[live questions]

Ok so that’s the live question section over. Now for the fun part…

7 is my lucky number, and I hope that some of you are feeling lucky today!! I am going to purchase 10 random materials/equipment from the Tiny Kingdom marketplace for $7.77. Go, Tiny warriors, and put your materials up for sale for $7.77. If you are lucky, I may just buy it from you! They will all be purchased within the next day, once they have all been purchased, I will make an announcement here on discord. Good luck everyone!

That concludes today’s Tiny World community AMA. Congratulations to all the winners, we will collect your addresses and send your TINC rewards. We look forward to seeing you on the next one!