Community Engagement The Old Fashioned Way
October 18 2021 - 2:35AM
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A viral new project in the play-to-earn gaming sector called HIFI
Society has set its sights on industry dominance through a
battle-tested play in blockchain and crypto-community building. In
this article, we look into how they plan to do this with a toolkit
involving gaming, cryptocurrency and NFTs. What is HIFI? HIFI is an
emerging crypto Play-To-Earn gaming project that seeks to be a
leader in the industry. It is the first major project in the HIFI
Society ecosystem. HIFI wants to build pathways for gamers as well
as artists by helping them build their professional careers on the
blockchain. Simultaneously, their platform is built to attract
gaming studios and gaming devs to list their older games and
reactivate revenue utilizing HIFI’s reward engine. Its gameplay
economics platform includes over thirty retro video games, as well
as experiences and rewardable services. And it’s built to get
better with age. Equipped with a proprietary gameplay analytics
backend set to allow HIFI to constantly improve their user
experience based on players’ activity. Users and Community Building
First In a cryptocurrency industry rife with pump and dump schemes
as well as well-meaning projects too focused on short-term price
action, the individual user is often left behind. The team behind
HIFI chose a different direction. Long-term price appreciation is
dependent on use cases and a strong community. So they put the
community and the users first. The value of a platform and its
cryptocurrency tokens are only as valuable as it is valuable to its
users. HIFI seeks to target, engage and retain different elements
of the community according to their need: Inventors: want ROI
Traders: want volatility Gamers: want to play Competitive Gamers:
want to compete Viewers: want to be entertained Already in beta
testing with over 1,000 users, as well as boasting a community of
over 5,000 users on Twitter, HIFI seeks to combine the traditional
successful elements of a fun user experience with the innovations
of the blockchain. Here’s a closer look into what’s built into it.
HIFI Ecosystem Elements The first element that HIFI taps into is
the nostalgia of game players that users have for retro gaming.
They have acquired dozens of games from the ’80s, ’90s and 2000s
and one of these is ideally built for keyboard play, others for
joystick plays. Their goal was to provide something for a wide
array of gamers. Now enter competitive gaming. ESports has been a
growing trend for decades, with professional teams organized to the
level of professional athletes. But for the most part, eSports has
been a closed group of very professionals. What about something for
the everyday user who just wants to have some fun or in-between?
HIFI has incorporated blockchain into the platform to make the user
experience attractive to all levels of gamers. The $HIFI token was
built on the Binance Smart Chain to optimize the user experience
with the lowest fees. The token comes into play in several ways:
All users will be required to stake (not spend) tokens to
participate in the platform. Users can earn tokens through
participation in the platform. More dedicated users can participate
in gaming competitions and earn even more tokens. After platform
launch, one of the next steps on the roadmap will include
implementing staking rewards. More serious play-to-earn competitors
can increase their earnings in this way. Additionally, $HIFI will
engage in a quarterly token burn, buying back tokens and destroying
them to decrease the supply, create upward price pressure and
incentivize all community participants. Looking Ahead With HIFI
Society’s gaming platform set to launch within the month, they have
already set their eyes toward building other elements of their
ecosystem, which will dovetail with HIFI Gaming. The next phase
will include launching NFTs on popular third-party marketplaces,
introducing artists, musicians, and gamer influencers with
co-branded NFTs and activating NFT utility on their own NFT
marketplace, which will be for artists as well as gamers using the
system. There is also a plan to incorporate yield farming. This was
one of the reasons the team chose to build the $HIFI token on the
Binance Smart Chain. HIFI’s target is a large, vibrant and growing
community, with an array of different participants that are each
rewarded for their participation, and a platform that supplies
their demands.
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