Editorial Dept.
Story of Real Magnate
Real Magnate is a play-to-earn game, created on the WAX Blockchain. This is the place where players can earn game resources in different spheres, find the best time when to BUY and when to SELL, upgrade their assets, and create and develop their own industrial empire.
Currently Active Utilities
Real Magnate is currently available for everyone on testnet. Players can claim NFTs for free and try to play. Testnet version includes all functionality that is going to be on the main launch.
–Mining: Mining takes 1 hour for each tool, after this time players are able to claim their rewards. Health and energy are subtracted instantly after players start mining.
–Crafting: Every player can craft NFTs right in the game, using in-game resources like GOLD, OIL, and IRON. The crafting process takes 1 hour. After that, chosen NFT will appear on their WAX accounts.
–Magnate contract or pass: Special feature for pass owners that gives an opportunity to prolong mining time.
–Sphere upgrading: New players have level 1 on each sphere. Sphere level – quantity of tools of the same sphere that can mine resources at the same time.
–Lands: Gold mine owners can upgrade it, change the fee for mining, and claim it. Upgrading increases the number of available spots in the mine and decreases the number of health that is reduced after each mining.
Upcoming Utilities
A lot of features will be added after the main launch of Real Magnate:
–Mining licenses: Players will have to buy licenses for the specific spheres to be able to mine there. It will bring a new burning mechanism and make multi-accounting not profitable.
–Risk mining: Players will be able to play on their own rules and get more profit, but it may cause some very unpleasant situations, like losing tokens or NFT.
-Other upcoming utilities are blend, auctions, various achievements, iron and oil lands, and so on.
Earning Mechanism & Tokenomics
Players can earn tokens with different mining tools in different spheres (Oil, Iron, and Gold). Profit depends on the rarity of the NFT and season indexes. The gold sphere is a bit different from the others. Gold miners must choose the land they want to mine on. Landowners may set fee, upgrade land, and restore its health.
Burn scenarios:
-Buying energy for RMO (Oil token)
-Restoring the tool’s health for RMI and RMG (Iron and Gold tokens)
-Upgrading spheres
-Upgrading lands
-Withdraw fee
TOKENOMICS:
There are 3 tokens of Real Magnate called RMI, RMO, and RMG.
-RMI is used for repairing tools, crafting, upgrading, etc.
-RMO is used for renewing energy, buying new assets, and upgrading ownerships.
-The use cases of RMG are the same as the use cases of RMI, but the token is more valuable than RMI because of its rarity.
Token supplies:
RMI: 500 000 000
RMO: 500 000 000
RMG: 500 000 000
Token distribution:
Play to earn: 75%
Team: 5%
Reserve: 10%
Staking: 10%
Upcoming Sale
Tool Pack Drop of Real Magnate will be on 17 August 2022, at 17:00 UTC. Also, there will be another sale called Land Pack Drop on 19 August 2022, at 17:00 UTC.
Upcoming Sale Whitelist Condition
Premium/Silver pass is required to join the drop of Real Magnate. All details about the drop are in the Discord announcement.
Team Details
The owner of Real Magnate is Olha Stepanko, and the team behind the project consists of 7 members; a designer, 2d/3d artists, and full-stack and blockchain developers.
Website: https://realmagnate.io/
Twitter: https://twitter.com/real_magnate
Discord: https://discord.gg/realmagnate
