11Minutes is the first play2earn game series on the Blockchain. You can play new games

#Polygon #Playtoearn #Play2earn #11minutes #ELVN #bsc

What is 11Minutes?

11Minutes is not a single game, but a series of games in which the aim is to achieve the high score within 11 minutes. But let’s start from the beginning:

First of all, the player must have mint a NFT to participate in a game session.

The price is $ 45, which is the average price you would pay for a new game. Of course, we also distribute tickets through competitions or giveaways, about which you can find out more in the upcoming posts. Incidentally, a competition is currently running for Game Session # 1, which you can take part in here: Giveaway

After the minting event is over, the gaming event begins. You have 24 hours to start your own game session and set a high score within 11 minutes. We will reveal the game shortly before the start of each session. Most of the time, it will be an endless games that is hardly more difficult than Flappy Bird. You can restart as often as you like in your 11 minutes and break your own high score. The highest rating is entered in the leaderboard together with your wallet address and your NFT Token ID. Based on your position on the leaderboard, you will receive a profit that will differ from session to session.

How it all started!

We are a group of 12 developers who are active in the hypercasual scene. Due to our work, we of course monitor the development of the game industry very carefully. Each and every one of us is also interested in the blockchain and its possibilities, so that we have come across Play2Earn games from time to time. Of course only for research reasons, as it should be for reasonable developers, we of course played some of these games.

We noticed that many of the games were more basic games with no frills, just existing concepts that were relatively heartlessly adapted to the blockchain, with the purpose of pushing a game token that was just as simple deployed to the market as the game itself was. At this point, I’m sure that some games have already crossed your mind. Yes, it’s exactly that game we’re gossiping about right now.

Of course there are also pieces of jewelry, my personal favorite is “Gods Unchained”. The game is far from finished and still has its quirks, but as a Hearthstone fan from the very beginning, I’ve had a lot of fun. Angry tongues will blur that it is only a copy of a well-known game deployed on the blockchain. I just say, yes, right, but it was done well and is just fun! Collecting is satisfying thanks to the combination of NFT creation with different material levels, which cannot be said of other trading card games. At this point, hats off “Gods Unchained”.

Of course we came across other giants like “Axie Infinity” along the way. Axie is really very smart, the idea of NFTs is used very well here. That made a lot of people to put on their own versions of the same system, but let’s stay with Axie.

Breeding is fun and is associated with a certain tension, of course a certain tactic is also required here. In my opinion, the game itself is not the best. A huge community has formed around it, with scholarships and everything, but it is rather monotonous. The guys are still doing it right, as the entry of Samsung Next proves.

In all the games we encountered, one thing particularly bothered us, either the investment was much too high or it just took an incredibly long time to collect a few pennies. Play2Earn sounds more like a promise that has not been kept. In the games where you can really make money, like Axie Infinity, entry is simply not possible for many players.

This is where we come into play. We wanted to solve the problem of long monotonous playing times just for a rather small return and the problem of high entry costs in order to actually be able to earn money. 11Minutes was born!

11Minutes NFT Tier System

The NFT Tier System is finally launching right after the airdrop of the gELVN Tokens on the 4th of February. We will have 8 different tiers with different benefits!

Each Tier will get guaranteed allocation for private deals, passive income, game tickets and more benefits!

These are the different Tiers, with their costs and benefits:

Seahorse Tier

Cost: 1,750 gELVN

Allocation Factor: 1

Daily Tickets (per month): 1

APY: 3%

Crab Tier

Cost: 8,800 gELVN

Allocation Factor: 2

Daily Tickets (per month): 5

APY: 4%

Octopus Tier

Cost: 17,500 gELVN

Allocation Factor: 4

Daily Tickets (per month): 9

APY: 7%

Fish Tier

Cost: 35,000 gELVN

Allocation Factor: 7

Daily Tickets (per month): 15

APY: 12%

Dolphin Tier

Cost: 87,500 gELVN

Allocation Factor: 10

Daily Tickets (per month): 18

Weekly Ticket (per month): 1

APY: 16%

Shark Tier

Cost: 175,000 gELVN

Allocation Factor: 15

Daily Tickets (per month): 20

Weekly Ticket (per month): 2

APY: 20%

Whale Tier

Cost: 350,000 gELVN

Allocation Factor: 20

Daily Tickets (per month): 25

Weekly Ticket (per month): 3

APY: 27%

Humpback Tier

Cost: 700,000 gELVN

Allocation Factor: 40

Daily Tickets (per month): 30

Weekly Ticket (per month): 4

APY: 35%

Minting Tier NFTs

The minting for Tier NFT’s will start right after the distribution of the gELVN Token. You can choose which Tier you want. You can pay for the minting in three different ways:

-Use your distributed gELVN

-Use your distributed gELVN together with the undistributed gELVN

As you know, sales for ELVN are not active yet, so until then, we can’t distribute more gELVN. To give you the possibility for minting a higher Tier NFT or upgrading your existing NFT, we will give you the possibility to use these two stable coins.

The stable coins will later be used to buy back ELVN and bring them back to the ecosystem!

Upgrading and downgrading Tier NFTs

Every Tier NFT holder will be able to upgrade his Tier NFT with the same payment methods used for minting the NFTs.You can downgrade your Tier whenever you like, but for downgrading you will need to pay a fee

Private Deals for Tier Members

Each Tier Member will be able to take part in private deals with a guaranteed allocation. Higher Tiers do become higher allocations. After a certain period of time, if not all allocation was bought, there will be a FCFS round, where every Tier holder and each Play2IDO winner will be able to contribute.

Right, private deals are not only limited to tier hodlers, but more about that in an later post.

Your allocation factor determines how much guaranteed allocation you get. For example, if a seahorse tier gets $20 guaranteed allocation, a humpback gets $800.

Private Deals Token Distribution

Tokens acquired through the private deals will be sent to the owners of the NFTs that were used to contribute.

This means following, if you sell your Tier NFT to someone else, you won’t get future vestings of the projects you contributed to. What are the benefits of doing this?

With bounding the allocation to your Tier NFT, we enable the trade on our Tier NFT Marketplace. Tier holders will be able to sell their NFTs with their Allocations bounded to them on the Marketplace.

In the marketplace, all the projects and tokens connected with the NFT will be shown together with an estimated Value of the NFT. This gives you totally new investing possibility’s and also giving NFTs a totally new utility, which hasn’t been seen before!