DFSocial Gaming

DFSocial to TrustEVM
Tournaments Calendar
Tokenomics #1
Tokenomics #2

Disclaimer: DFSocial was first released at the start of 2022, with deployed contracts on the BNB chain. We ran tournaments, engaged the community, and got feedback from heavy-weight leaders in the space.
After some time, we entered ‘development mode’ together with the EvmxIdeathon launch. During the hackathon, we improved our contracts, tokenomics, and the overall structure. The final result is what we will present to you today.
We’re looking to migrate an EVM-compatible chain (other than BNB Chain) to make the most out of the DFSocial idea and vision.
We decided to wait until a later date before forking the contracts to Trust EVM, as we found out some key components are missing on the Trust EVM ecosystem right now, which makes it harder to implement the entire platform (like a DEX, Mainnet, bridge, etc.). This is why the code is fully accessible and visible on our GitHub, the front end of our website is fully finished but the contracts have not yet been minted on the chain.
We strongly believe in this vision; hopefully, you will also be addicted to the idea. Enjoy our documentation and the video!

Inspiration(Problem, Solution, Market Size)

We are gamers. That is why we closely followed the growth of the GameFi industry and its 'play-to-earn' (P2E) business model, which will incentivize the effort gamers and influencers are putting in the gaming space.

We were astonished by the number of new games developed using the P2E mechanism and Blockchain technology on various smart-contract chains, but we were able to point to one central issue that we believe is stopping the GameFi space from reaching actual mass adoption: The games aren’t fun, competitive, or of high enough quality compared to the already existing and popular video games. This leads to these projects struggling with finding enough players to sustain their model.
According to Foot Print Analytics, GameFi had 1.46 million total users, a 26.9% MoM decline. The number of new users also gradually decreased by 34.1%. (Source: https://cryptoslate.com/gamefi-sector-down-but-not-out-june-report)
If we compare this number of gamers to the broad Gaming industry, which counts about 3 billion people worldwide that play video games, which is growing year-by-year at a rapid rate.

Our vision is to use the existing GameFi technology and find a way to monetize the gaming time in the already established and most popular video games in history.

At DFSocial, we decided to revive this vision. On our platforms, any gamer will be able to monetize their skills in the monthly tournaments we organize. We currently support 11 of the most popular games: League of Legends, Brawl Stars, Valorant, TFT, FIFA, CS GO, Poker, Minecraft, Call of Duty, Clash Royale, and Chess. We are not stopping at just these games! There are many more to come in the near future!
Check out our supported games on our first release: https://dfsocial.gitbook.io/dfsocial-gaming/services/gaming/integrated-games

What it does (Product, Business Model)

DFSocial is a gaming platform that hosts and manages gaming tournaments, allowing users to earn crypto while competing and sustaining our project using our native token, $DFSG (BEP-20 token, which can be bridged to Trust EVM).
Services:

Gaming
On the DFSocial Gaming Platform, we have created a new Gaming model with two unique roles - Gamers and Sponsors.
Both roles are secured by the use of smart contracts to ensure the fairness of the tournaments and the automatic rewards distribution.
- Gamer
  As a Gamer, you can participate in DFSocial tournaments of all the supported games. Register yourself. You'll earn 100% of your rewards. If you got sponsored, you"ll earn 40% of their rewards, so don't even need tokens to participate & play!
- Sponsor
  As a Sponsor, you can register gamers for tournaments hosted by DFSocial. Register gamers. You'll earn 60% of your gamers' rewards. No need to play. The returns are not time-dependent but depend on the gaming skills of the sponsored gamers.

Registering as a Gamer/Sponsor can be done here: Tournaments
~ When the registrations for any tournament are open.

DeFi
- Staking allows DFSocial holders to earn passive income by adding their tokens to our Staking pool. [Refer to this page to learn more about staking economics: https://dfsocial.gitbook.io/dfsocial-gaming/services/defi/staking]
- Liquidity providers can now earn extra $DFSGs (in addition to trading fees) by depositing their LP tokens in the DFSG/EOS Farm.
NFTs
DFSocial makes use of NFTs to let both Gamers & Sponsors improve their rank and foster their rewards.
DFSocial’s NFTs consist of different collections and can be divided into two (2) types:
- Collectibles: A set of NFTs for collectors who want these rare and valuable tokens with perks that are exclusive to those who obtain the very first of DFSocial’s NFTs. There will be a unique model for each game we support.
- Bonus: owners of these NFTs earn an extra % on the tournament rewards or the Staking Pool APY.
  NFTs can be found at [https://www.dfsocial.com/nft/collections/]
Predictors[Beta]
At DFSocial, we want to compensate those holders who are actively seeking new ways of earning. Our predictors allow DFSocial holders to try to guess the correct answer and earn a proportional amount of the total prize. These events are about guessing the winner of a tournament, a specific result of a match, or a unique result.

Financials

To ensure the sustainability of the $DFSG price, which will be used to reward gamers in tournaments, we created a robust tokenomics structure that will circulate almost the same tokens, balanced by staking and NFT purchases, with a net inflation rate of 3%-10% (Estimated, depending on the demand and the number of participants). We also charge a fee for each tournament, which will be stored in our treasury and used to add liquidity to the DEX's pool automatically. The structures draft can be found in this Figma sketch: Tokenomics Potential Structure

How will we build it?

DFSocial Protocol can be created (and primarily ready) using the following:
Smart contracts

Smart contracts that distribute rewards to all ecosystem participants: Gamers, Sponsors, and Predictors.
Staking smart contract for $DFSG token holders (can be minted/bridged to Trust EVM).
Written in Solidity and deployed to Trust EVM testnet/mainnet.
Streaming Services Integration
Integrating with platforms like Twitch to stream highlights of the tournaments.
- Frontend UI
  - Everything beautiful you see on our site. trust.dfsocial.com
  - Using HTML 5, CSS, and Javascript.