The World Economic Forum in 2017 stated, "Short-termism in the financial sector will destroy our communities, countries, and the world." This is very suitable to be applied to the autonomous world.
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Due to financial regulations, CHIC positions NFTs as applications rather than investment targets. This significantly reduces the "homogeneity" of NFTs that often results from development catering to player numbers. It also prevents NFTs from becoming securities.
Tokenized securities only refer to tokens that include investment contracts.
This is why, in terms of the "Accord's citizen" NFT, it's more like the first part of on-chain information composing the world: an account. All of CHIC's NFTs focus on integration with Dove AI to achieve applications. We expect players to have "expectations of change & playability" rather than "investment expectations," and we don't want NFTs to become "just another game item."
For example, "Your NFT Account" serves as the wallet for CHIC's autonomous world. To protect users' asset security, we only allow storage of CHIC's application tokens.
This will no longer be a homogeneous PFP with similar patterns; we are extremely insistent on maintaining the "non-fungibility" of NFTs. Due to the rare vocabulary created by Dove AI for "Your Character" through NFTs, and the interaction between application tokens, Dove AI, and "Accord's citizen" NFTs causing dynamic narratives, users' "Accord's citizen" will no longer just have symbolic rare words, but will truly represent "your assets, your data, your story, your wallet."
Like the gradual DXR model of decentralization, finance must also be gradual. The reason NFTs are not securities is that we must eliminate users' perception of NFTs as "investment targets." To achieve this, NFTs themselves must become an integral part of applications and the world. They are not GameFi props or DeFi investment products; they will be one of your applications for participating in the autonomous world.
As CHIC is an autonomous world built with NFTs, through application conversion, all future NFTs will have special associations with AI. We believe users who obtain NFTs won't think "it's a virtual asset" because your virtual assets are in your wallet, and your assets are CHIC's tokens, not NFTs. To de-financialize NFTs and increase their applicability, different categories of NFTs will have different world attributes for use due to AI, such as land, love, etc.
Since tokens in CHIC are considered a form of underlying technology, some of them may be restricted from trading. We may need to clarify what type each token in CHIC belongs to.
Smart Token: The intrinsic value is driven by CHIC. Quite stable = Arcade Token or Utility Tokens.
In CHIC, tokens are tied to the “achievement” and “mission” system.
Intelligent Assets: NFT. tApp.
In CHIC, NFTs are typically related to different blockchain protocols of the Second Life DLC.
Debris: The intrinsic value is driven by the community. Originates from the community = Network Token.
In CHIC, it is a network coin that synthesizes smart tokens. The demand comes from the community’s desire for functionality.
$ZENY: The intrinsic value is driven by CHIC. Highly speculative, without ownership, rights, or interests = Company-Backed Tokens.
CHIC aims to ensure that users have a clear understanding of the application of tokens in this world. NFTs, as digital assets, are the underlying technology of this world, and NFTs with "unique use cases" will be limited and scarce. Expanding the application scenarios of tokens in the future world is CHIC's top priority, rather than keeping tokens in the state of "financial assets."
The CHIC team has created a virtual economy mind map. We hope to first classify the economy as "In-World Economy." In other words, it's not possible to sell tokens for fiat currency like GameFi in 2024. We list the world's economic elements as: governance application tokens, NFTs, and fragments. Application tokens, being dynamic tokens, naturally make tokens a "in-game currency" - a necessity for gameplay. Fragments are equivalent to the fragmentation of governance application tokens; users must collect a certain number of fragments to form a governance application token. However, since these tokens are "in-world tokens," trading is prohibited.
The team keeps "award" within "this autonomous world" without interfering with the real world. However, the NFT economy is very similar to "selling game accounts." If users no longer want to play, they can sell their "account" and transfer all "game achievements" belonging to the user. Game achievements won't disappear because of the user "selling the NFT." Your game achievements will be permanently stored on the blockchain and displayed in your "wallet."
Note: Selling an account doesn't mean losing everything in this world. This is not a Web2 game. This is an "Autonomous World Existence" built from on-chain information, so users can transfer "game achievements," i.e., on-chain information, to their main wallet collection.
The game's token economics may be redesigned by CHIC's CFO or optimized after discussions with Japanese game companies, so please note that this may not be unchangeable.
