Genesis Worlds White Paper

This paper lays out the vision, tokenomics, and roadmap for the Genesis Worlds project. We're taking a giant leap into the future, and we'd like you to join us in the future of metaverse gaming for the next 100 years, owned by the community, built by the community, for the community

WHITE PAPER DISCLAIMER

Vision

Genesis is a multicreator gaming universe, with a diverse community working together to achieve a common goal: A metaverse that will still be growing, evolving, and actively played in 100 years.

To achieve this, development and management of Genesis will be decentralized, with governance decisions guided by the Genesis Foundation, and voted on by players using the GENESIS token. Genesis will run as a nonprofit, with all assets owned by and revenue earned by the Genesis Foundation reinvested in the long-term success of the game.

The Worlds

Genesis is filled with hundreds ofworlds, each one with a unique theme and gameplay experience, and each crafted by a group of community members with shared interests.

Everything in Genesis is community-created. Players will travel from world to world, to complete player-created quests, with player-created enemies in player-created environments.

NFTs, DeFi, Gaming, and the Metaverse

Genesis Worlds sits at the intersection of NFTs, DeFi, gaming, and the metaverse. Each of these has the potential to be a $100Bn market or bigger. Together, the potential is far greater, and the approach we’re taking allows every creator in the Genesis community to unlock that potential.

The purpose of Genesis Worlds is not profit, but to execute on its core vision: An RPG gaming metaverse which will grow and evolve over the next 100 years and beyond. The Genesis Worlds founders, creators, and investors will not be getting rich on the back of the success of Genesis Worlds. This is a massive benefit to the Genesis Worlds community - instead of large amounts of money being taken out of the ecosystem to provide profits, every single dollar, Ether, and GENESIS earned will be reinvested into the ecosystem.

While “we’re doing everything we can to never make a profit” would be a terrible investment pitch, we’re not asking you for investment. We’re asking you to buy into the vision for Genesis, and join us to create something amazing and enduring.

The Game, Community, and Culture

There hasn’t ever been a startup, game, metaverse, defi, or nft project quite like Genesis. A decentralized game, developed by community members, that will still be around 100 years in the future. When we’re creating something like Genesis, we have to start thinking differently. Genesis encompasses a lot of things: Community, startup, game, metaverse, defi, nft, culture, vision, IP, software, and more. So where should we start? With the “why” and the “how” - the vision for the game, the culture, and the community.

The Game

Genesis is filled with hundreds of worlds, each one with a unique theme and gameplay experience, and each crafted by a group of community members with shared interests.

Everything in Genesis is community-created. Players will travel from world to world, to complete player-created quests, with player-created enemies in player-created environments.

The core of Genesis gameplay is simple. Players will travel from world to world, complete player-created quests, fight player-created enemies, and explore player-created environments. Quest rewards include NFT collectible items, which players can level up, use, and sell to other players. But this is just scratching the surface of what Genesis can be. Each World has its own theme, as well as game mechanics unique to that World. Everything, from the collectible items, to the quests, to the buildings, environments, and enemies, is created by the community.

So maybe for you, Genesis is all about travelling around completing quests. But it might equally be designing and building those quests, or creating new monsters for other players to battle. Or maybe some Worlds call to you more than others. Maybe it’s the dance parties and casinos in Neo Vegas, or swimming with the fish in Atlantis. Or, even just sitting around in a public square, chatting with old friends and new arrivals.

And that’s where the true vision of Genesis lies. It’s not about the excellent gameplay, or the easy-to-use creator tools, or buying and selling NFTs. It’s about being part of a community that’s coming together to create something truly unique, something that will last for generations.

Community

The Genesis community is made up of a vast range of creators, makers, developers, and more. Everyone has their own experience and skills, and we all work together to deliver a game that’s out of this world.

To grow the community, we’ll encourage forming and running small groups, provide them with tools, resources, and communication channels.

Community groups inside Genesis could include game dev students, groups of friends, indie developers, artist collectives, or even complete strangers (the internet is a wonderful place).

Community Sites

A great place to get more involved in the Genesis community is to join the discussions on one of our community sites:

Culture

Building a strong culture for Genesis and its community is our #1 goal. If we get this right, everything else falls into place. Firstly, we’re building for the long term. Most companies don’t think 10 years into the future - we’re looking 10 times that far. That changes where you focus. Culture and community become incredibly important elements, to maintain continuity across 5 generations.

Secondly, you're the hero of this story. There’s no time where you’ll have more impact on Genesis than right now. While we’re growing, everything is fair game - you can get involved and make real differences to gameplay, metaverse features, IP, nfts, collectibles, and more. So, when we use the word "we", we're talking about you, and everyone in the community that you're now a part of.

The three pillars of Genesis culture are Creativity, Collaboration, and Inclusion. Each is equally important to building a lasting game.

Creativity

The first pillar of Genesis culture is Creativity. Genesis, as a game, as a metaverse, as an IP, will never stop growing, changing, and evolving with the times. And the creativity of the Genesis community is what will keep it fresh, new, and exciting. To support that growth, we must all foster a creative environment where new ideas are celebrated, implemented, and enjoyed.

Collaboration

The second pillar is collaboration. The Genesis community is not an “every person for themselves” group. It’s a community of diverse individuals working together to achieve a common goal. Genesis will succeed when we encourage and incentivize groups to form, grow, and work on projects together. We’ll help community members find groups and teams that can utilize their talents. And we’ll watch each other’s backs. If we see issues that affect other peoples’ experiences, we’ll help them overcome those issues, and help the wider community prevent those issues in the future.

Inclusion

The third pillar of Genesis culture is inclusion. A broad base of diverse members will create a more vibrant and exciting community. Diversity on its own, though, isn't enough. Genesis needs a constant influx of new community members, who believe in the Genesis vision, and take on progressively more responsibility. We need to actively bring them into the community, ensure that they know their way around, know the culture, and get them involved. The new recruits of today are the community leaders of tomorrow.

Governance

This Genesis Hub site holds both the up-to-date vision for the entire Genesis project, and the governance procedures and tools to make changes to that vision. Any community member can make a proposal, and, with enough support, make a fundamental change to any part of Genesis.

This site also holds the process, tools, and techniques for Genesis governance, and the full process and current status of every Community Improvement Proposal.

Genesis Foundation

Governance for Genesis will be run by the Genesis Foundation, a not-for-profit organization that is tasked with building and growing Genesis, and by the Genesis community. When the community (or a community group) needs funds for a project, they make a request to the Foundation.

Community Governance

The Genesis community has a strong say in governance. In many ways, Genesis is a "do-ocracy" - if you want to make something happen, you just do it, and it happens. For more impactful requests, changes, and suggestions, the community has many more tools at their disposal.

At the simplest level, community members can band together to get general agreement on a topic, and request that the Foundation or other developers implement it.

For cases where more formal process is required, Community Improvement Proposals can be discussed, agreed on, and finalized, giving the weight of the whole community to the proposal.

And, at the most firm level, the community can call on-chain or off-chain governance votes to rally wide support around an issue.

Community Improvement Proposals (CIPs)

This Genesis Hub site holds both the up-to-date vision for the entire Genesis project, and the governance tools to make changes to that vision. Any community member can make a proposal, and, with enough support, make a fundamental change to any part of Genesis.

Voting

For cases where a more formal vote needs to be taken, there are two options. First, and simplest, are non-binding votes on Snapshot.org. Secondly, binding on-chain votes are performed through the Governance portal.

Guidance

Not all governance processes and procedures can be in place at the start of a project. To ensure smooth sailing during early development, the Game Credits team will shepherd Genesis to the point where the Foundation is fully in place, and the community is ready to take over active development. We expect this will take 12-18 months.

One big area of guidance is providing clear goals for the development community. These goals will encourage groups of community members to come together and work on a piece of the metaverse. We’ll also hold regular community events such as game jams, hackathons, art jams, and more.

Tokenomics

We’re building a game that’s not for profit, and will last for 100 years. That requires a whole new way of thinking about funding and resources. Instead of going to a bunch of venture capitalists, who would happily sell Genesis for parts in 10 years, we’re self-funding the initial development of Genesis.

This self-funding will continue until Genesis gets off the ground and can use its own funds to become self-sustaining. The money required for ongoing development is generated through mining the GENESIS token, and delivered to the not-for-profit Genesis Foundation, who will use it to best drive the long-term success of the game.

Tokenomics 101

Genesis runs on two tokens: GENESIS Tokens (ERC-20), for governing the entire game, and powering the economy, and Mining Claims (erc1155 NFTs), for governing individual worlds within the game.

Each World will be represented by a group of Mining Claims, with each represented by a 3d model of the world itself. Holding Mining Claims over time allow their owners to participate in world governance, own Land within the World, and mine GENESIS ERC-20 tokens. The more Mining Claims you own, and the longer you hold them for, the more GENESIS you mine.

GENESIS Tokens are the governance and economic token for Genesis, allowing holders to guide the direction of the universe, and make transactions within the game. GENESIS holders also benefit from activity in the Genesis universe, such as burning GENESIS during Land sales, as well as buying and selling in-game items, NFTs, and access to in-game events.

GENESIS can only be mined by holders of Mining Claims, and earned by participating in governance or providing liquidity. This is a 100% fair launch model, with no special deals, discounts, or special treatment for whales, and no tokens set aside for the team, advisors, or anyone else.

Token Flows

This diagram shows the flows of tokens across all aspects of Genesis, showing the ways you can earn GENESIS - farming with GAME, holding Mining Claims, in Governance, and via Land sales.

Fair Launch Emissions

All distributions of tokens are done using a fair launch model, with no tokens set aside for the team, investors, advisors, whales, exchanges, etc. The only way to acquire GENESIS, Mining Claims, or Land is to pay market price.

The only groups that will receive GENESIS are the world owners, participants in governance, and the Genesis Foundation, to drive ongoing development, and liquidity providers on decentralized exchanges, to ensure a smooth market for GENESIS. There are zero (0) GENESIS set aside for:

  • The Game Credits team
  • Any members of the founding team
  • Any employees of the Genesis Foundation
  • Any advisors, marketing partners, influencers, or investors
  • Any exchanges

Further, there are no under-the-table or over-the-counter sweetheart deals for whales, investors, or friends. The only way to acquire GENESIS is to pay market price for it, or pay market price for a world token.

GENESIS Tokenomics

GENESIS (ERC-20): The GENESIS ERC-20 token is the fundamental building block of the Genesis Multicreator Gaming Universe. GENESIS is delivered using fair launch principles - every GENESIS will be delivered to the community, whether by farming, mining via Mining Claims, or earned by participating in governance, liquidity, or content development. There are no special deals, and no tokens set aside for the team, advisors, or anyone else. You can see the split here:

Chart showing the split of GENESIS emissions among all recipients

To farm GENESIS, stake GAME in the farming contract. The longer you stake your GAME, the more GENESIS you'll farm. 50M GENESIS is set aside for this purpose.

To mine GENESIS, simply hold one or more Mining Claims in your eth address. The longer you hold the Mining Claims, the more GENESIS you'll mine. GENESIS mining starts one week after the first world sale.

GENESIS can also be earned through staking GENESIS in the governance portal. This incentivizes the community to participate in governance, and also to think long-term about the project. The earned GENESIS will be split among all governance portal members. Earning through governance starts four weeks after the first world sale.

The amount of GENESIS emitted through mining and governance is limited by the number of Mining Claims owned and the length of time the Mining Claims are held. There is no end date for the emission of GENESIS, but the emission follows a logarithmic curve, and so emissions reduce naturally over time.

Given the amount of GAME available, the limit on the number of Worlds, and the bonding curves, the expected total supply of GENESIS created over the first 100 years is 1 billion GENESIS.

Chart showing emission of GENESIS over time

The Foundation will not burn the GENESIS it owns. But, it will most likely escrow and time-lock large portions of that GENESIS to reduce circulating supply, and maintain resources for the long term. The mechanics of this time lock will be left up to the Foundation and the community, and may change over time.

GENESIS Token Launch

Of the 1 billion expected total supply of GENESIS, 50 million, or 5%, will be set aside for the initial GENESIS farming pool.Another 50 million will be set aside to drive decentralized exchange liquidity, reward early community members. The remainder will be released over time to Mining Claim holders and Governance stakers.

GENESIS Farming: 50 million GENESIS will be placed in a pool, where community members can stake GAME to earn GENESIS.

Liquidity Incentives: 10 million GENESIS will be used to create and incentivize initial liquidity in a GENESIS-USDC pair on QuickSwap (Polygon), providing both a small initial pool amount, and a larger liquidity incentive for that pool, encouraging the community to keep the pool large enough to support high trade volumes. Because QuickSwap pools are all linked, this pool allows you to buy GENESIS using any token you own.

The liquidity incentives are designed to deliver a steady rate of 250% to 300% APR, and will last for 3 to 9 months, depending on the amount of GENESIS added to the pool.

Community Incentives: 10 million GENESIS will be used for community incentives between now and the end of 2022, such as rewards for involvement, contests, content, and more. Our most valuable community members are creators, designers, and organizers. For many, this will be their first experience in a crypto project. For many more, they may have only minimal financial resources. It’s important that early community members have access to GENESIS, so we’re creating this incentive to ensure the community can reward its most creative, prolific, and fun members.

Future Liquidity Pools: The remaining 30 million GENESIS is set aside for incentivizing additional liquidity pools. The pools and incentive amounts will be chosen by the community; likely pools include ETH-GENESIS on Uniswap and USDC-GENESIS on QuickSwap. Multiple trading pools ensures GENESIS will trade against a basket of currencies, and reduce price fluctuations. It also makes buying more attractive for users of those currencies.

World Tokenomics

Mining Claims (ERC-1155): Mining Claims are bonded NFTs that grant their owners the right to participate in governance for a specific in-game World. We expect a total supply of between 500 and 2000 Mining Claims for each World. Mining Claim owners also mine GENESIS on an ongoing basis.

Mining Claims are bought and sold using the existing GAME Credits ERC-20 token. When you buy a Mining Claim, your Game Credits are held in a smart contract, and you receive a Mining Claim NFT. Later, you can redeem GAME Credits by selling the Mining Claim back to the contract at the current market price. Using GAME in this way also puts a hard limit on the number of Mining Claims that can be bought, and therefore also limits the total emissions of GENESIS. This ensures that whales can't come in and skew the supply.

The price of a Mining Claim is determined by a bonding curve that depends on the number of Mining Claims that currently exist for a given world. As the chart below shows, the curve is very shallow, with the first NFT costing 200 GAME, while the 1000th costs 800 and the 2000th costs 2000. The bonding curve also allows you to sell back your Mining Claim based on the number of NFTs that exist, giving you instant liquidity.

Chart showing the price of each Mining Claim at different purchase amounts

To control both the number of worlds available, and the maximum supply of GENESIS, the maximum number of worlds available increases slowly over time, with 24 available at launch and 1 more available every 30 days.

To reduce the incentive for people to use bots to immediately buy large quantities of Mining Claims at the lowest possible prices, the World smart contract sets the minimum price of a Mining Claim over the first hour of the sale of each World. The minimum price is set at 2000 GAME, so a user who buys in the first second of a World sale pays 2000 GAME, no matter whether 1 or 2000 Mining Claims have already been sold. Because the minimum price drops over time, it's better to not buy in the first seconds of a World sale, but instead buy some time during the first hour.

Land Tokenomics

Land Deeds (ERC-721): Land Deeds are NFTs that allow their owners to build structures and host events. Land Deeds are bought in GENESIS, and are available for a fixed timeframe. Half of the GENESIS spent on Land is burned, reducing the supply of GENESIS. The other half is granted for use by the world owners of that world. In addition, world owners will receive one Land per world share at the time of the land sale, and the Foundation will own an equivalent amount of land, to be used for community buildings, events, and supporting top creators.

The Foundation will not receive any GENESIS from the land sale; the land sale contract will burn 50% of all GENESIS received in the land sale. The remaining 50% will be placed in a development fund that can be used by the world-owners to build and improve features for that world.

In-Game Item Tokenomics

Items: Other in-game items are NFTs that can be bought and sold in GENESIS. These can be bonded (ERC-1155) or normal (ERC-721) items, or use new standards that have yet to be identified. In general, 90% of the purchase price goes to the item’s creator (or is split between groups of creators), and 10% goes to the foundation to fund continued development.

Roadmap

This roadmap guides our development efforts, to help the whole community pull together and work on what's most important.

Roadmap Philosophy

We're approaching Genesis development from an Agile perspective. While Agile processes don't map well onto a massively distributed team, the base philosophies still hold. We have a strong vision for where we want to go. But we know we'll learn new things as we go, and our vision will adjust. When that happens, the roadmap will adjust too. This is a good thing, especially when for a community-driven project.

So, this roadmap is very much a living document. More than any other project, it will change based on input, learning, and other factors, both within and outside our control.

For that reason, phases 2-4 are only lightly described, and do not have dates attached. As we get closer to the end of a phase, we'll make the roadmap for the next phases more granular. We will likely break phases down into smaller phases. We will also begin to post a "what are we working on now" list

Phase 0

Q3-Q4, 2021

This phase is all about getting set up, and launching the core pieces of the Genesis ecosystem: Contracts, Community, and Mining Claims.

  • Smart contracts & core tech
  • Genesis Hub
  • Genesis community kickoff
  • Gallery World 3d experience
  • Mining Claim sale

Phase 1: Pre-production

Q1-Q2, 2022

This phase marks the start of prototyping and pre-production, and serious community involvement in game, content, and tools development.

  • Gameplay exploration & prototyping
  • Game dev tools pre-production
  • Creator recruitment
  • First governance votes
  • Build content - history, lore, 3d models, and much, much more

Phase 2: Tools & Content

This phase marks the start of operations for the Genesis Foundation, and the start of full game pre-production, with funding flowing from the Genesis Foundation for the first time. We'll start to see a meaningful ramp-up in the number and quality of playable experiences.

  • Genesis Foundation in place
  • Core Dev Team recruited
  • Significant advances in game dev tooling
  • Game production begins
  • Playable world experiences are released

Phase 3: Full Production

This phase marks the creator economy coming into full force, and the first multiplayer and multi-world experiences launching.

  • Genesis Land sales begin
  • Game production continues
  • Multi-world quests released

Phase 4: Live Operations

This phase marks the broad launch of Genesis as a viable mobile and desktop gaming experience.

  • Genesis launches on mobile & desktop
  • Game development will never end

Team

Leadership

Jason
CEO

Paul
CTO

Steve
CCO

Jen
COO

Matt
Innovation

Community

Dee
Marketing Director

Josh
Game Director

Chris
Community

Patty
Community

Marcel
Community

Engineering

Brian
Dev Director

Daniel
Blockchain Dev

David
Developer

ChienHui
Developer

Bryan
Developer

Tony
Developer

Eric
Developer

You: As a Genesis community member, your contributions to Genesis Worlds are vital’, and you are much a part of our team as the rest of us.

Advisors

We’ve received help and advice from many luminaries of the crypto, defi, metaverse worlds. We credit them here because it’s important to recognize individuals and teams for the help they’ve given us in getting to where we are. None of these people have received or are entitled to any GENESIS tokens, and we do not ever intend to provide GENESIS tokens to advisors. Further, inclusion on this list should not imply that the named individual endorses Genesis Worlds or the GENESIS token.

Investors

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...because we have no investors. Investors think short term, and put profits above commnuity. With no external investors, we can focus on the long term, and are accountable to the community and only to the community.