Geopoly Ecosystem is the next generation game for building a business empire
Geopoly Ecosystem is the next generation game for building a business empire.
Business simulation games have grown into an interesting genre over the past decade, providing players with knowledge about how businesses work and the idea of microeconomics. “Learn by doing” is an effective way to gain invaluable knowledge about the real economy.
The player is given an open world scenario and must build their business by making decisions in the game. As expected, every decision has ramifications and users can build huge financial empires and own real estate and businesses.
Traditional business simulation games have specific problems as only publishers are rewarded. The player is an end-user only and purchases in-game items with no option to receive rewards outside of the game’s limits.
Blockchain technology has changed this by making in-game assets tradable for tokens that can be exchanged for fiat currency. With an innovative game ecosystem, Geopoly is one of the platforms at the forefront of this revolution.
Immersive activity game ecosystem
Geopoly is a geolocation business simulator that enables users to rent, buy, upgrade, and sell real estate and commercial property. It is built in a hybrid system of on-chain and off-chain layers to provide users with rich video gaming experiences based on real data.
The off-chain game loop consists of four activities: build the business, rent, upgrade, and sell. The gameplay is broken down into many different branches. Players get a free branch when they sign up.
Branch offices give them management skills to oversee and lease businesses. Similar to most simulators, once a player’s initial administrative capacity is used up, a player will be prompted to upgrade their rental property. This upgrade will benefit the players as their hourly income from the property increases.
The off-chain game loop also offers various currencies, including cash, gold, experience points (XP) and bonus circles (MC). Cash is the primary medium of exchange and is generated from the rental income from the operating license. MC is the currency that is automatically generated by each branch and used to upgrade individual branches.
Gold is only accessible through the in-game shop and can speed up new buildings and update existing shops. XP is generated after a successful asset upgrade and headquarters upgrade.
Geopoly chose to build their online game on Polygon, a Layer 2 blockchain protocol that enables scalability and low transaction fees on the Ethereum blockchain. An on-chain game that allows players to buy, upgrade, and sell assets in the form of a non-tradable token (NFT) using GEO tokens.
NFTs are divided into two categories. Specific and iconic slots are pre-built NFTs that players can purchase to passively generate GEO tokens through yield farming.
The certificate of ownership is stamped at the request of the NFT player. NFTs grant full ownership of selected companies and can be traded on special NFT markets or sold to other players and investors.
Geopoly was launched for mobile devices in 2018 and was selected as one of the four most innovative mobile games for iOS by the Apple Latin America team during the soft launch. It was also selected from 1,700 applicants from 37 countries to participate in the Google Indie Games Accelerator in 2019.
Geopoly has partnered with Seedify, Enjinstarter, Poolz and NFTPad from TrustPad to serve as the launch pad for the public sale of GEO tokens. It is also supported by GD10 Ventures, AU21 Money, X21 Electronic, Polygon Fund, etc.
Geopoly also introduced Sebastien Borget, CEO of the popular leisure supermarket The Sandbox, as a consultant for his project. This is a tremendous achievement and reflects the interest of leading players in the crypto world in the project.
Supermarket Recovery recently announced that private sales hit the $ 3 million ceiling within 48 hours of its launch. This milestone shows that investors see Geopoly as a platform with great potential to become a major gaming center in the blockchain industry.
Further developments in the future
Geopoly has a comprehensive roadmap and plans to start NFT pre-sale, Initial Node Offering (INO) and Token Generation Event (TGE) this month. The INO will take place on December 10th on MoonStarter and the public will be able to attend the NFT presale on December 12th.
The GEO TGE will launch on December 15th on the popular decentralized exchange SushiSwap and represents an important milestone for Geopoly as the public will have access to GEO tokens for the first time. According to TGE, Geopoly plans to list its tokens on several centralized exchanges.
You can download the Geopoly android app here to start gaming. To learn more about Geopoly, visit these links: