With the success of development programs AVALANCHE RUSH bringing in massive growth to the lands of AVAX, the people of AVAX found themselves with the issue of getting enough resources to fuel and power the rapid development. With the mainland region fully developed and the high cost of ETH gas fees making it hard to import resources, the administration of His Royal majesty Emin Gün Sirer has decided to turn their focus to developing the island archipelago region of AVAX.
Codenamed Island Rush, the program is aimed at developing the undeveloped and resource rich island archipelago region which is in dire need of development and bridging. Plans for new cities have been drawn up and industrialist/builders from all around the world are invited to partake in the great development project. Many have answered the call of His Royal Majesty Emin Gün Sirer from industrialists looking bid on islands to start new ventures all the way to working families eager to relocate to new cities and work the resource rich islands. Large multinational conglomerates such as the GB Group and Ape Inc. are making plans to become dominant players in the region. Whether you are building bridges to toll, developing industries on the islands, managing needs at population centers or running for governor, there are many opportunities for anyone to establish themselves at the Islands of AVAX.
Economic Simulation - Gamifying the DEFI Space
Unlike other NFT projects, the Islands of AVAX NFT collection seeks to generate a comprehensive economic simulation for the island NFTs where island holders receive monthly airdrop of in game tokens and NFTs.
A Global DAO
50% of island presale proceeds is allocated to a transparent global DAO fund with a goal of creating a perpetual fund. The DAO fund is invested into blue chip DeFi project such as AAVE and Curve. A portion of funds (from mountain islands) will be allocated to setting up mining rigs. Monthly reporting of DAO fund will be posted on website and discord for transparency.
Yields from the perpetual fund are used to purchase in game token from Trader Joes and distributed to qualifying players based on player economic output (See section on Island Economic Unit).
In the later stages of the game, players may participate in the community governance to discuss and advise the custodial team how the DAO fund can be utilized.
Calculating Economic Payouts
Island Economic Unit (IEU)
The Island Economic Unit (IEU) is the base measurement of economic output for each player with one IEU credited to the play for each completed set of 3 NFts consisting of:
- One Resource/Urban Island
- One Building Slot (Sold by urban island owners)
- One Residential Building (Population)
Payouts are made around the first week of each month based on the snapshot taken on the last day of the preceeding month. Player payouts is based on the IEU produced for the month relative to all IEU produced by all players in the game. The more IEU you have for the month, the bigger your allocation. District Governors (DG) receive up to 10% of all deposits within their districts in the form of a district tax. DGs can adjust tax rate to encourage investment as well as construct district power ups to increase IEU output of all players within his/her district (Increasing maximum potential tax revenue).
Example: For the month of May, you have a total of 3 IEU. There is a total of 100 IEU from all qualifying players this month. You receive 2.7% of the monthly airdrop during the first week of June (3% of 100 IEU in play —10% District Tax).
Future Feature: Depending on the export partner of the month, payouts may vary (eg. If the Island archipelago region has a trade deal with the Republic of Good Bridging, $GB will be dropped that month)