Bounty0x Spotlight Article — Arena Match Gold

6 min readJul 15, 2019

DISCLAIMER: Bounty0x does not provide investment or financial advice and does not endorse or recommend investment in any ICO/IEO/STO advertised on our site, platform, or blog.

AMGold — The First Deflationary Esports Currency

Introduction to Arena Match Gold

AMGold will serve as deflationary esports cryptocurrency token used for skill-based betting on popular PC games. We’ve also adopted Enjin’s SDK for ERC-1155 Skill Perk items that will enhance the user experience while providing true ownership on the blockchain. We are currently working to launch our esports beta app with a skill challenge mode as early as July 2019 featuring PUBG (PlayerUnknown’s Battlegrounds) as our first game. We’ve selected a deflationary token model to try to solve the the Token Velocity Problem that most token projects have.

AMG 0.5% TRANSFER BURN

The Token Velocity Problem

Despite over $7.8 billion in blockchain capital being contributed to token projects in the first half of 2018 alone, over 1000 projects failed. While there are many reasons for project failure and decline, the Token Velocity Problem is the key driver. Token Velocity is the speed at which tokens circulate their native platforms and ecosystems. If this velocity is too high and speculation is held constant, assets will struggle to conserve long-term stability.

What Is Token Velocity? A Beginner’s Explanation

The Deflationary Solution

Each time that AMG is transferred, 0.5% is destroyed by being sent to 0x0000000000000000000000000000000000000000.
AMG stabilizes at the 16th decimal place and stops burning, ensuring that AMG won’t completely run out of supply but will instead increase in rarity.
Only 100,000,000 AMG or less will go into circulation.

AMG uses 18 decimals instead 0 like the social experiment BOMB. When 1 or any amount of AMG is transferred, it burns the appropriate 0.5% on each transaction unlike BOMB token that burns 1 token on any transfer under 100. For example 1 BOMB sent would destroy that transfer completely to 0. The beauty of AMG is that stabilizes after the 16th decimal place and stops burning which this means AMG won’t self-destruct completely like BOMB.

AMG 0.5% Transfer Burn Examples:

Send 1000 AMG -0.5% Transfer Burn = 995 sent and 5 burned.

Transfers after 16th decimal place (0.00000000000000009) won’t burn.

Understanding Inflation and Deflation

Inflation occurs when the prices of goods and services rise, while deflation occurs when those prices decrease. Essentially inflation devalues your currency while deflation increases your currency’s purchasing power.

Inflation and Deflation

Will the AMG supply run-out someday?

No, transfers beyond 0.00000000000000009 stop being burned, and this ensures that we will never run out of AMG. Beyond the 16th decimal, AMG stabilizes and stops burning transfers.

AMGold Token Details:

Token: AMGold (“Arena Match Gold”)
Symbol: AMG
Protocol: ERC-20 Ethereum Network
Decimals: 18
Total Supply: 100,000,000 (See current supply)
Burn Rate: 0.5% on each transfer
Stabilizes: Transfers beyond the 16th decimal place won’t burn
Smart Contract: https://etherscan.io/address/0xcbb836780fd33c0164df0071efa49dc2bc7a012d
Token Tracker: https://etherscan.io/token/0xcbb836780fd33c0164df0071efa49dc2bc7a012d
Github Repo: https://github.com/arenamatch/arena-match-gold
IEO Date Pending: https://ArenaMatch.com/amg

Arena Match Esports App — V1 Beta

Arena Match V1 Beta is a skill-based esports PC gaming app that allows gamers to skill-bet and compete in solo Skill Challenges for PUBG (PlayerUnknown’s Battlegrounds). Download now and get 10 free credits!

Arena Match is Now Available on Overwolf.com

DOWNLOAD

Download the ArenaMatch app from Overwolf.com store or directly from our download installer link. Then create a free account.

Each Beta user will receive 10 Free Credits to get started playing!

CHOOSE CHALLENGE

Choose one of Arena Match’s supported games. Select a Skill Challenge and place a skill-bet using the entry fee slider.

CONNECT

You need to populate some basic information and your PUBG in-game username to Arena Match — you’ll only need to do this once. If you type the wrong one you can contact support to change it.

START PLAYING A PUBG SOLO PUBLIC MATCH

Launch PUBG and start playing any solo public match. If you win your game, you win your entry fee multiplied by the skill challenge payout.

ALT + Q will toggle Arena Match to open or closed once you are inside PUBG.

Note: if you are inside PUBG and ALT + Q is not toggles the app then you may need to restart PUBG and Arena Match.

We offer you a variety of skill challenges to skill-bet on your ability to multiply your reward if you win!

10x challenge pays 10 times your entry fee.

10x challenge using 20 Credits would payout $20

PURCHASE CREDITS OR CASHOUT

Every new user receives 10 free credits to start playing! After that to play you’ll need to purchase more digital credits or use your cash balance using the entry fee toggle.

What to expect for V2 Beta Build

We are just getting started! We have a lot of features being worked on currently for the next V2 Beta build available this month.

V2 Beta Feature list:

AMGold — Decentralized Deflationary Esports Cryptocurrency (ERC-20 Token) wallet will be integrated to allow users to use AMG to win more AMG or Cash without the need to purchase credits.
Skill Perks — Read more about our Enjin backed Arena Match Skill Challenge Perk Items. To enhance the players’ skill challenge experience and give them ways to improve their odds, we’ve adopted Enjin’s blockchain SDK to mint game specific perk items that will give players certain advantages while playing.