Matr1x, a pioneering Web3 gaming and esports entertainment ecosystem, has launched an “Infinite Game” plan for its flagship Web3 first-person-shooter (FPS) mobile game, Matr1x Fire. As part of this groundbreaking initiative, Matr1x will burn 500 million $FIRE tokens, effectively halving the total supply and revolutionising the economic model of Web3 gaming.
The launch, which took place last Friday, marks a significant shift in the economic strategies of Web3 games. Traditionally, game tokens have been unlimited; in contrast, Matr1x is setting a precedent by limiting the initial total supply of $FIRE tokens to 1 billion and subsequently burning 500 million tokens.
Within 24 hours, Matr1x FIRE has already burned 7.65 million $FIRE tokens.
Key highlights of this launch include:
- Controlled Supply: By limiting the initial total amount to 1 billion and burning it to 500 million, Matr1x aims to prevent excessive inflation and create a more stable and sustainable economic model for Web3 gaming.
- Economic Cycle Upgrade: The $FIRE tokens consumed through various application behaviours, including game products, esports products, trading markets, and community products, will enter a specific pool. This pool will provide long-term incentives for effective proof of work, ensuring a healthy and dynamic economic cycle.
- Financial Instrument Derivatives: The plan will introduce more financial mechanisms, allowing $FIRE to circulate more efficiently within the game ecosystem.
The $FIRE “Infinite Game” Plan is divided into three stages, each with its own goal:
- Firefly Stage (Within 7 months post-TGE): Establish a solid foundation for $FIRE’s growth through effective distribution and burning mechanisms.
- Flamingo Stage (7-24 months post-TGE): Expand $FIRE’s use cases, accelerate burning, and reduce the total supply cap to 500 million.
- Phoenix Stage (After 24 months post-TGE): Upgrade the economic cycle, diversify the gaming ecosystem, and achieve full circulation of the $FIRE token.
This bold initiative by Matr1x not only upgrades the game’s economic cycle but also expands its ecological diversity, making $FIRE tokens fully circulate within the ecosystem. The innovative approach aims to set new standards in Web3 gaming economics, providing a sustainable and inflation-resistant model.
Since raising $20 million in November from investors like ABCDE Capital, Hashkey Capital, and OKX Ventures, Matr1x has been growing rapidly, enabling the development of novel gaming experiences that push the frontiers of Web3 gaming.