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Understand AWP in one article

2021-12-24

Since the birth of Bitcoin, the blockchain industry has undergone more than ten years of development. From the initial incomprehension, it is quietly changing our lives today. Bitcoin created the era of blockchain. The emergence of smart contracts is a historic breakthrough in the field of blockchain applications and a blockchain revolution in the true sense. Smart contracts show the Internet world we are familiar with in another way, bringing brand new species. For now, the most important ones are finance, games, and predictable social sectors.

The birth of AWP is an epoch-making product in the blockchain field, because it integrates DEFI2.0, Web3 chain games and the first social financial socialfi in the blockchain field, making it possible to connect the real world and the meta universe.

Before that, we need to briefly sort out the concepts of defi and web3.0. What is defi? Defi is derived from Decentralized Finance in English, literally translated as "decentralized finance". If the first breakthrough in the history of encryption is Bitcoin, it has completed value transfer without third parties through appropriate use of cryptography, consensus mechanisms, peer-to-peer networks, and incentive mechanisms. Then DeFi must be regarded as the second breakthrough, because traditional finance through the integration and operation of intermediary institutions not only improves market efficiency, but also increases the utilization rate of funds. Human beings can move from farming civilization to a modern industrial age. Indispensable, because it achieves better resource allocation. However, after hundreds of years of development, people have discovered that due to the existence of intermediaries, the traditional financial system has also produced many problems, such as opacity, spam, etc. These problems will cause serious debt surplus and inflation, which will trigger a financial crisis. The recurring financial crisis in history is the best example. On the contrary, the core of the blockchain is open and transparent plus distributed accounting, which makes it fully equipped with the core genes to change the current financial situation. Defi is a noun of the times that you cannot refuse. Since the concept of Defi was put forward, after two years of precipitation, it finally ushered in a blowout in the past year. The well-known products such as YFI, Compound, Uniswap, Dharma, Maker, etc. have completely revolutionized our financial The cognition has also made countless blockchain pioneers seem to have found a direction for exploration. Its liquidity mining model also detonated the entire encryption field and created countless wealth myths. Of course, with continuous exploration, people gradually discovered the shortcomings of the liquid mining model. This short-term incentive model will cause some liquidity providers to over-exploit projects and agreements, and even accelerate the demise of projects. In this model, the long-term interests of the liquidity provider and the agreement are not consistent. The existence of this contradiction has led to the current slow growth of DeFi. In this context, the concept of DeFi 2.0 came out, that is, to enhance the stability of the entire project popularity and the life cycle of the project through the captured liquidity. Awp uses the unique pledge popularity to obtain the computing power bonus, that is, through The player’s contribution to the liquidity of the project is used to gain governance over the project. This is a very bold and innovative thinking, which means that the project can capture a large amount of liquidity in the early stage of operation, so that participants no longer worry about liquidity and panic and flee, so that players can more confidently build their own Of the meta-universe world. This is an unprecedented initiative and a bold attempt at protocol mining. All awp players can only obtain their own roles based on their contribution to the project, which is truly decentralized and de-medium. This is the most essential difference between awp and all chain games on the market today. Because in any blockchain protocol in the past, either the project party took away your liquidity, or you controlled the liquidity yourself. This is actually an unfair and embarrassing situation for any party. If you want to be free, there is no robustness, and you must be stable. Sex is insecure. Today, AWP pioneered the Dao protocol. Your lp pledge belongs to your own proof of work. It is a force that players are willing to contribute to the robust development of the project and long-term benefits. The pledged lp will always belong to the player himself, and the project party is nothing more than providing a chaotic world. How to expand this world is up to you. The pledged lp agreement is directly proportional to the role you get. This is the perfect embodiment of the fair spirit of the blockchain. Finally, we don’t have to worry about who will take your money, let alone whether we are acting as leeks in a world created by others. , Because the liquidity you provide is only temporarily captured, and your liquidity is determined through the chain game protocol. This is of course a brand new revolution to the game on the chain.

So what is a chain game? As the name suggests, chain games are the application of blockchain technology in the game field. With the evolution and development of the software and Internet industries, games have undergone an iterative business model. From selling game software, to paid games, to free-to-play games, now it has entered the stage of encrypted games, which is a play-to-earn model. , That is, you can earn money by playing games. Users can earn NFT virtual items or tokens by playing games, and sell them on the open market for revenue. In traditional Internet games, players can also obtain item rewards from the game, but players have no substantial control over these items and can only trade within their games. Axie completed the original change of play to earn, that is, successfully transitioned web2.0 games to web3.0 games, and then chain games also ushered in a wave of explosions, such as RACA, etc. However, this series of products still Keeping the shadow of web2.0, it is not a pure web3 game. The emergence of AWP may be a watershed in the field of chain games, defining a new concept of chain games in a true sense. As mentioned above, AWP has already bid farewell to centralized purchases in the early role acquisition. Players participate in the process. There is no centralized project party. The rights and interests are equal to the contribution value. This is a real DAO, and the real code is legal. world. By providing the captured lp to obtain the role, any player has the opportunity to become the master of this meta-universe world, and everyone competes fairly. With the continuous deepening of the game and the massive growth of players, awp players or DAO unions can also develop their own social finance and open up the bridge between the real world and the meta-universe. In summary, AWP is an epoch-making product that successfully integrates the three popular sectors of defi2.0 (protocol mining), Gamefi (chain game), and socialfi (social finance). It will redefine the game rules of the meta universe.

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