MemeLordz Whitepaper
MemeLordz Website
  • Executive Summary
    • Overview of MemeLordz
    • Vision and Mission
    • Integration with DeFi Ecosystem
  • Introduction
    • Background and Inspiration
    • The Importance of Memes in Digital Culture
    • The Evolution of Blockchain Gaming
  • Game Concept and Design
    • Gameplay Mechanics
      • Exploring Memnon
      • Catching & Training Lordz
      • Turn-Based Combat System
      • Future Plans
    • Game World
      • Regions and Environments
    • Characters and Lore
      • Rarity and Attributes
  • NFT Integration
    • MemeLordz NFT's
      • Types of NFTs
    • NFT Minting Process
      • NFT Minting Mechanism
      • Smart Contract Details
      • Code Snippets
    • Marketplace and Trading
      • In-Game Marketplace
      • MemeLordz NFT Marketplace
      • External NFT Marketplaces
  • Economic Model
    • Tokenomics
      • Lordz Token Utility
      • Distribution and Supply
      • Token Taxation
      • Future Plans
    • In-Game Economy
      • Currency Flow
      • Player-Driven Marketplace
    • Revenue Streams
      • In-Game Purchases
      • Transaction Fees
      • Merchandise
  • Community and Governance
    • Community Engagement
      • Events and Competitions
      • Community Challenges
    • Governance Model
      • Player Voting Mechanisms
      • Development Proposals
    • Partnerships & Collaborations
      • Strategic Partnerships
      • Grants and Hackathons
      • In-game Integration
  • Multichain
    • Multichain Interoperability
    • Bridging Technology
    • Blockchain Accessibility
    • Multichain Cultural Hub
  • Farming Ecosystem
    • Onchain Farming Ecosystem
    • On-Chain Transactions
    • Ecosystem Benefits
    • Future Plans
      • Proof of Concept
      • Utilization of Ingredients
      • Ingredients List
        • Meme Dust
        • Metal Dust
        • Diamond Pieces
        • Magic Crystals
        • Rare Herbs
        • Enchanted Wood
        • Mythical Stones
  • Appendices
    • Glossary of Terms
    • Technical Specifications
    • Frequently Asked Questions
  • Security and Compliance
    • Security Compliance
    • Smart Contract Security
      • Auditing Processes
      • Security Measures
    • Data Privacy
      • Player Data Protection
      • Compliance & Regulations
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  • Future Plans for Player-Driven Marketplace
  • Automated Matching System

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  1. Economic Model
  2. In-Game Economy

Player-Driven Marketplace

Future Plans for Player-Driven Marketplace

The player-driven marketplace in MemeLordz is designed to function similarly to the Grand Exchange concept from Runescape. This marketplace allows players to buy and sell items, Lordz, and other in-game assets with ease, promoting a dynamic and interactive economic environment. The marketplace facilitates trade by matching buyers and sellers, ensuring fair prices and efficient transactions. This system encourages player participation and fosters a vibrant in-game economy where supply and demand dictate market dynamics.

How It Works

Players list their items, Lordz, or other assets on the marketplace, setting their desired prices. Other players can then browse these listings and make purchases. The marketplace uses an automated matching system to connect buyers and sellers, ensuring that trades are completed efficiently and fairly. This player-driven approach allows for a self-regulating economy where market prices are determined by player activity and demand.

Flowchart

                      Player-Driven Marketplace
                                │
                                ▼
                        List Items for Sale
                                │
                                ▼
                        Set Desired Prices
                                │
                                ▼
         ┌───────────────Automated Matching System───────────────┐
         ▼                                                       ▼
   Buyers Browse Listings                               Sellers List Items
         │                                                       │
         ▼                                                       ▼
   Select Items to Buy                                    Set Prices and Quantities
         │                                                       │
         ▼                                                       ▼
   Complete Purchase                                      Await Purchase Notification
         │                                                       │
         ▼                                                       ▼
Receive Items and Spend Shard Dust                        Receive Shard Dust and Update Inventory
                                │
                                ▼
                        Trade Completed
                                │
                                ▼
                Items/Assets Updated in Marketplace

Automated Matching System

The player-driven marketplace in MemeLordz will provides a robust and interactive platform for trading in-game assets. By utilizing an automated matching system, it ensures efficient and fair transactions, fostering a dynamic and self-regulating economy. This marketplace not only enhances the player experience but also promotes active participation and engagement within the MemeLordz ecosystem.

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Last updated 9 months ago

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