🎁Lootbox
Lootboxes are ERC-1155 NFT-s that can be purchased or earned on PlaysRare. They contain various rewards, such as Tokens and NFTs. Once opened, the Lootbox is burned, and the contents are revealed.
Lootboxes can be purchased and opened at: https://playsrare.com/lootbox
Lootboxes on PlaysRare are ERC-1155 NFTs that players can purchase, win in Discord promos, or earn through gameplay. These Lootboxes are filled with various rewards, including Tokens and unique NFTs. Upon opening a Lootbox, it is burned, permanently removing it from circulation. The contents of the Lootbox are then revealed, providing players with their earned rewards. By opening Lootboxes you can earn all the Tokens and NFTs needed to start your gaming journey in the Plays Ecosystem.
There will be a total of 46,000 Lootboxes at $3.99 each. Each Lootbox drops 3 rewards at once. The statistical value of each lootbox is $7.75. Therefore the value of a Lootbox is always higher than $3.99.
PlaysRare Lootbox
46,000**
$3.99
3
*1000 Lootboxes are reserved for Promos, Giveaways, and Marketing purposes.
**5000 Lootboxes are reserved for Gaming Rewards and New User Rewards.
PLAYS Token Rewards
Total PLAYS Tokens in Lootboxes: 2,345,000 PLAYS
20 PLAYS
40%
14000
40 PLAYS
30%
10500
60 PLAYS
15%
5250
100 PLAYS
10%
3500
200 PLAYS
4%
1400
2000 PLAYS
1%
350
Total
100%
35000
GEMS Token Rewards
Total GEMS Tokens in Lootboxes: 117,250 GEMS
1 GEM
40%
14000
2 GEMS
30%
10500
3 GEMS
15%
5250
5 GEMS
10%
3500
10 GEMS
4%
1400
100 GEMS
1%
350
Total
100%
35000
Heroes Rewards
Total in Lootboxes: 23,000 NFTs
Common
40%
400
Uncommon
30%
300
Rare
15%
150
Epic
10%
100
Legendary
4%
40
Unique
1%
10
Each Hero
100%
1000
All Heroes
-
23000
Spellbook Rewards
Total Spellbooks: 9
Total in Lootboxes: 45,000 NFTs
Standard Magic Spellbook
11,1%
5000
Universal Magic Spellbook
11,1%
5000
Fire Magic Spellbook
11,1%
5000
Water Magic Spellbook
11,1%
5000
Earth Magic Spellbook
11,1%
5000
Wind Magic Spellbook
11,1%
5000
Lightning Magic Spellbook
11,1%
5000
Light Magic Spellbook
11,1%
5000
Dark Magic Spellbook
11,1%
5000
Total
100%
45000
Average Rewards
For this estimation:
Assumed PLAYS Marketcap: $5,000,000 (5 Million)
Assumed PLAYS Price: $0.05
Assumed Hero NFT Values: Common $1, Uncommon $2, Rare $3, Epic $5, Legendary $10, Unique $100 | Average Value: $3.35
Assumed Spellbook NFT Value: $1
PLAYS Token
67 PLAYS
$3.35
25.35%
GEMS Token
3.35 GEMS
$3.35
25.35%
Character NFT
1 Character
$3.35
16.7%
Spellbook NFT
1 Spellbook
$1
32.6%
Average Single Reward Value
-
$2.584
-
Lootbox Value
-
$7.75
-
If you open a Lootbox, you get 3 different rewards with an average total value of $7.75.
Lootbox Design Document
Lootboxes in Web3 offer an excellent method for distributing value, especially in ecosystems that operate with multiple assets simultaneously. Unlike traditional Web2 gaming, Web3 allows users to resell lootbox rewards if they're unhappy with the outcome, solving one of the major issues associated with lootboxes in the Web2 gaming space.
In Web3 lootboxes, there's a clear trade-off between the lootbox price and the gas fees required to open them. If the price is set too low, users may need to open multiple lootboxes at once, increasing the overall gas costs. On the other hand, setting the price too high could deter users from purchasing them. Striking the right balance—where the price is both gas-efficient and affordable—enables users to maximize the benefits of Web3 lootboxes. To address this, we decided to include three rewards in each lootbox.
Estimating the value of a Web3 lootbox is challenging since each asset has its own market price, and those prices can fluctuate rapidly. To address this, we based our lootbox value calculations on certain assumptions about the short-term price performance of the ecosystem's assets. While these prices can change at any moment, they provide a baseline for determining lootbox value. We then applied a discount of approximately 50% to this baseline to establish a reasonable pricing model for the lootboxes.
Possible Reward Combinations
Currency Drop = 20/40/60/100/200/2000 PLAYS or 1/2/3/5/10/100 GEMS
Hero Drop = 1 Hero NFT
Spellbook Drop = 1 Spellbook NFT
Currency Drop
Currency Drop
Currency Drop
Hero Drop
Currency Drop
Currency Drop
Hero Drop
Hero Drop
Currency Drop
Hero Drop
Hero Drop
Hero Drop
Spellbook Drop
Hero Drop
Hero Drop
Spellbook Drop
Spellbook Drop
Hero Drop
Spellbook Drop
Spellbook Drop
Spellbook Drop
Currency Drop
Spellbook Drop
Spellbook Drop
Currency Drop
Currency Drop
Spellbook Drop
Math for Nerds
Last updated