The World of Chakra
Chakra is a collaborative storytelling platform that enables players to participate in (and create) shared adventures, brought to life through gaming. Chakra leverages the power of myth (culture), gaming (product), and web3 (commerce & infrastructure) to create this shared narrative.
We’re creating a dynamic, ever expanding IP anchored in eastern mythologies that mimics natural evolution of mythos. Chakra seeks to bring these millennia old myths to life within a high-fidelity gaming sandbox.
Lore
The Premise
Chakra is an alternate universe based on our current reality; set in a time when the ancient myths and mythologies rooted in the eternal order come alive. The significance of humans is in question as they find out, they are but a footnote in the infinite expanse of creation.
The Story
The accepted history of humans becomes questionable as beings from various dimensions pour into the earth.The legendary creatures holding enormous power are now eyeing this domain to conquer. Can the evolution of humans combat these ancient entities?
The Ecosystem
The Chakra ecosystem leverages the power of gaming and the wonders of web3 to create a well-defined yet boundless fantasy meta-world inspired by millennia-old Eastern mythologies.
The Chakra ecosystem aims to create a robust flywheel effect by synergistically combining elements of web3, gaming, collaborative storytelling, and community involvement.
The ecosystem focuses on three main pillars: Content, Commerce, Expansion, which work together to maximize utility, drive adoption, and ensure sustainable growth.
Content
Gaming - Immersive Video Games
Worldbuilding - Manga and Cinematics
DLC & Virtual assets
Commerce
Native unit of account - $SOMA
DeFi - Dex and LP
Marketplace - NFT and Virtual Assets trade
Game Vendor - In-game purchases
Content Store - Open content marketplace for game ready assets
Expansion
Content store and library - Purchasable Content
Rule Books - Rule Set for Content Creation
Governance - Vetting and Onboarding Creators
Accelerator - Grants and Incubation
Gaming
Our games are designed to immerse players in the Chakra universe. As a game studio at heart, this is our chosen medium to achieve critical mass necessary for capturing platform network effects. Apart from driving adoption and commerce gaming as a medium is pivotal to create stickiness through joy rather than “numbers go up”.
Chakra universe will be primarily focus on the following casual games for its opening season
Chakra Clash -> A PvP turn based fighting game with progressive duel mechanics and wagering. (In development)
Game description :
Embrace the fusion of strategy and intuition as you delve into the ancient World of Chakra Outmaneuver your foes, unlock the secrets of energy manipulation, and emerge as the supreme warrior in this captivating duel of mystical might.
Chakra Conundrum -> In Conundrum, players face off (PvP) in the ultimate game of strategy and deception: the iterative prisoner's dilemma.
Game description :
In this world of infinite possibility and endless treachery, only the strongest and most cunning will prevail. Only by mastering the art of coordination and outsmarting your opponents can you hope to succeed in your quest and emerge as a true champion of the Chakra Conundrum
Coming soon
Chakra Ascension -> A 3D ARPG survivor with comprehensive loot mechanics supporting single player and team based gameplay. (PvE)
Game Description :
Delve into digital catacombs and slaughter enemies for a never-ending shower of loot. Team up with friends to increase the challenge (and loot quality).
Game Modes
PvP (supporting wagering & leaderboard rewards)
PvE (loot based gameplay with level progression system) system
Ecosystem Expansion & World-building
Chakra Mythos is codified through a series of Guidebooks, Manga, Cinematics and Digital Assets. This body of work serves as the scaffolding for community to expand upon.
Guidebooks -> Art-style guides, Technical Documentation, Lore and character guides, Game content assets and Guide lines
Manga & Cinematics -> Manga and Cinematics releases each week with embedded plot-arcs, clues and alpha that inform further development
Virtual Assets -> A two-fold periodic release of Virtual assets that enable true ownership and expansion of the ecosystem.
NFTs in the form of characters, skins, items, cosmetics, weapons, loot etc that can be traded in the native marketplace
Open-sourced or purchase-able game content & assets from Chakra games ecosystem (and community creators)
Chakra ecosystem is envisioned as a platform designed to empower community creators to expand the world through Art & Lore, game content and game development. All stages of the process are subject to community voting, honoring our commitment to decentralization.
Web3
Web3 sets the stage for a self-sovereign financial system, an open contributor/creator economy, and a universal digital representation and ownership layer via NFTs.
Ecosystem leverages web3 technologies NFTs, DeFi primitives & a Native unit of account ($SOMA) to provide greater control and value to users whose incentives are aligned with those of Chakra Ecosystem.
NFTs | Two Core Collections of NFTs
Chakra Chieftains ->A unique collection of 500 OG PFP characters that play a crucial role in the ownership of the ecosystem. These NFTs facilitate value accrual to their holders by acting as a significant reward multiplier among other benefits.
Chakra 10k ->A larger set of 10k 3D characters that are functional in gaming, aimed at engaging a wider audience within the ecosystem.
Beyond the core collections, the Chakra ecosystem also offers a plethora of game-related NFTs and digital collectibles, designed to enhance gameplay and enrich the user experience. These include assets such as cosmetics, weapons, loot, skins, access passes and consumables.
Public Goods
Core non-rivalrous public infrastructure to help create a virtuous cycle of activity, expansion & commerce within the Chakra ecosystem.
Playable Game Content ->Chakra games accessible for all users to play and engage with the ecosystem
Rule Book -> Codified guides informing on several critical aspects of content creation
DEX -> AMM DEX that helps onboard and off ramp crypto users from across chains
Marketplace -> NFT and virtual asset market place for P2P trading
Content Store -> Native content store to buy and sell community created (community approved)
Game Vendor ->Vendor acting as main sink for tokens through which players can access NFT drops and DLC
Wagering System -> Wagering contracts that enable a robust wager 2 earn mechanisms for certain PvP and PvE game modes
Governance System -> Governance infrastructure (discussion & proposal forums and voting) using quadratic funding principles to facilitate
Economy
Token Design
This section of the report discusses the design of the environment in which the assets and agents are on the network operator. This involves designing the parameters of the game, such as the economic agents or stakeholders and their interactions.
Token Objectives
The objective of this token design is to support the platform in achieving the following goals:
Create a sustainable and transparent Token Economy
Long term sustainability
Profit maximization of each stakeholder involved by keeping the design fair and unbiased
Market and mechanism design which encourages and flywheels the positive growth and expansion of the game
Balanced rewards and incentives for Exis ting and new users.
Establishing a governance mechanism that incentivizes just,
Discourage Bad actors from affecting the game’s design.
The Chakra ecosystem has been optimized with the use of multiple assets, including $SOMA its native token, and other supporting related assets which all serve a unique role in the system.
$SOMA
The primary token for the CHAKRA ecosystem that allow interactions and value transfer in the whole ecosystem. It’s An EVM compatible token for use on Arbitrum.
Supply
How to get $SOMA token?
-> Launch (public + private)
-> DEX (3rd party & native)
-> Through Gameplay [Chakra dungeon crawler]
-> Earn through wagering [Chakra PvP & Special events in Dungeon crawler]
-> CEX listings (in the future)
Utility
$SOMA Token Utility
◇ Staking
◇ Purchase virtual assets (NFTs, DLCs & Content)
◇ Wagering in PvP
◇ LP for DEX
◇ Governance
◇ Liquidity provision for expansion games
Other Key Assets
Chieftain NFT -> 500 OG PFP characters play a crucial role in the ownership of the ecosystem. They help in value accrual to their holder by acting as a reward multiplier.
Chakra 10k -> 10k 3D characters functional in gaming. They are a notch lower in tier than Chieftain NFT and are aimed at a wider audience of the ecosystem. Their value accrual as a multiplier is comparatively lower.
Gems -> These tokens are limited to in-game purchases and act as a Fiat on-ramp. Gems can be bought with USD (credit card/ fiat on-ramp). They cannot be swapped from GEM to CHAKRA tokens or vice-versa
Chakra Points (CP) -> CP measures the value a user adds to the protocol. Provides waiting list priority for early access privileges. Used as a metric in algorithms determining seasonal airdrop rewards and other functions.
Revenue Generation
Chakra's main source of revenue comes from the fees charged for its services & virtual asset sales. The table below outlines the fees charged by Chakra Ecosystem through it’s public goods.
Revenue generated through services- goes to revenue pool.
Other Revenue Streams (100%)- Goes to Treasury
NFT sales - Characters, items, cosmetics, skins, passes
Gem Sales - Fiat users
Loot [Mystery Box] & Loot Rerolls
Incentivization
This section outlines the guidelines for user interactions within the Chakra ecosystem. To achieve this objective, we have designed a set of incentives and mechanisms that encourage participation and growth. These measures include rewards for active engagement and clear communication channels. By adhering to these rules and taking advantage of the ecosystem's features, users can contribute to the development of a vibrant and inclusive community.
Rewards (for network participation)
Rewards are offered in the following forms:
Seasonal Airdrops
Liquid Provision (or Staking) rewards
Staking Reward -> A substantial % of Revenue Pool will be allocated to liquidity providers (and stakers), with the remaining going to theprotocol's treasury.
Seasonal Airdrops[Airdrops are composed of Tokens and Loot (virtual assets]
Rewards are distributed in a series of seasons to continually incentivize network participation. The reward distribution is strategic and gamified, aligning with the protocol's gaming theme. The Chakra incentive system is inspired by Nir Eyal's Hook Model and Sequential Airdrops pioneered by Blur NFT Marketplace.
The Sequential Airdrop Model promotes market growth in two ways: it allows network development in stages that align with supply and demand growth, and it keeps users engaged by providing access to newly launched product features.
Distribution Process
Announce Airdrop ->
This announcement motivates users to interact with the platform to generate CP, which measures the value a user adds to the protocol.
Treasure Chest NFT Airdrop ->
The Treasure Chest NFT is distributed to all users who generated up to the minimum required CP for Airdrop. Player now have two choices.
Cash out the reward instantly by burning chakra points
Stick around and receive a treasure chest which will then accrue higher rewards towards the end of the seasons
Use the Chest to Accrue Chakra Points (CP) ->
All CPs accrued are boosted by the tier value of each chest. What chests you receive would again be based on your interaction with the ecosystem and the existing CP you hold.
CHAKRA Airdrop ->
At the end of each season, airdrops are distributed proportionally to stakeholders based on their CP holding. The protocol's CPs and treasure chest NFT are burned to redeem CHAKRA tokens. Points are reset at the end of each season, and all airdrop tokens are vested.
Note: The full set of actions and their point rewards will be defined in the near future
Investors Pitch
This section is designed to provide insights into our strategic vision, unique features, value proposition and plans for growth. We intend to demonstrate not only the financial potential of our protocol but also its socio-cultural impact in the realm of decentralized gaming and community engagement
We believe that our success is intrinsically linked to our users satisfaction and our ability to create a meaningful and immersive ecosystem.
Distribution and Supply
Token Allocation
Click hereto access the token allocation sheet.
Disclaimer
This white paper is published by illiquid labs for informational purposes only.
The information contained in this document is confidential and proprietary to illiquid labs. The contents of this document are subject to change without notice. This document may contain trademarks, copyrights, and other intellectual property rights belonging to illiquid labs.
Date: Feb 1st 2023
Parties: illiquid labs is the owner of the rights to the intellectual property described in this white paper.
Business Description: illiquid labs is a gaming studio that specializes in the development of high-quality video games.
IP Description: The intellectual property described in this white paper includes the game concept, gameplay mechanics, graphics, music, and all other aspects of the game known as Chakra.
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