GAT Network Update *September/October*

There are many projects in the crypto space and their number is growing every day.

Most crypto enthusiasts are interested in more than one project. But how to keep track on the activities of your favourite projects?
If you are having a life that includes family, job, friends and hobbies it´s nearly impossible to follow what is going on at your favourite crypto projects.

We from GAT Network know the problem and would like to make it easier to keep track of our work. Therefore we will give you a summary of our recent activities on a regular basis.

Today we start that and give you a retrospective of our major topics since the start of September:

 

Cross-chain GAT and bridging

In early September we announced a bridge for Game Ace NFTs to the Ethereum Blockchain to enable trading of Game Ace cartridges for example at OpenSea.
During the development of this bridge we decided to create an even more powerful and flexible bridging-solution that

  1. we can use for potential (and upcoming) features on Minted Vodka
  2. creates an additional use-case for GAT and makes it bridgeable to other networks (as wrapped WGAT)!

What Minted Vodka features would be possible with this bridging technology ?

  • Bridging of other coins and NFTs to/from other networks (initially EVM-based networks like Ethereum or AVAX)
  • Making GAT bridgeable to other networks (cross-chain coin as a “wrapped” WGAT)
  • Additional use-case for GAT: all bridging has a GAT fee involved
  • Foundation for potential cross-chain trades on Minted Vodka (e.g.  you offer an NFT on network A [bid], but want X coins on network B in return [ask] )

This bridge will be available in October. UPDATE: The bridge has been launched. And it´s not only possible to bridge to Ethereum but also to Polygon! All details here https://gat.network/gat-bridge-goes-live/

Alchemy Arena

By the end of September we launched a Beta Arena. Over 10K battles happened in Alchemy Arena already. Smart contracts work well & bugs have been fixed.
Arenas can be used for Farming 2.0/ gamified farming in the future! We now look for crypto projects who want to set up a custom Arena in which players can farm their token…

Activity challenge

It´s not too late to join the Alchemy Arena activity challenge! 6,000 GAT can be won. All you need to know is described in this blogpost 

Focus on NFT Marketplace

Our NFT Marketplace Minted Vodka has always planned to be the center piece of the ecosystem. Over the past 3 months trading volume on Minted Vodka has been around 600,000-800,000 USD.  (An exact value is hard to determine, given the flexible nature of the trades – you can trade an NFT for an NFT whose value is hard to estimate)

In the next months we will focus on the development of our NFT Market. Important features like

  • NFT wallet
  • auctions
  • Mystery Boxes
  • bulk deals
  • NFT minting
  • Game minting

and more will be available and attract new users. Of course we will keep an eye on new use cases for GAT in this context.

And also growing traffic will mean more fees that flow into the Alchemy Toys treasury as you know.

 

First Game Ace drop

On September 6th we dropped  Game Ace: world’s first NFT that you can play as a retro video game at BakerySwap!
Within a few hours we sold 665 Game Ace cartridges of this historic NFT  for 1 BNB each.

As described above: the Game Ace NFTs will be bridgeable with Ethereum Network in a few days. Meaning they can be traded and played on Ethereum, too.
Read the full report on this Game Ace drop here

NFT Staking: CryptoSnake

GAT holders can stake their GAT to earn the second Game Ace cartridge “CryptoSnake” on Minted Vodka NFT Market since Sept., 23rd. Visit the farming page to join the ongoing staking – over 30% of all existing GAT are staked there at the moment.

Token burns ongoing

As you know the GAT token is deflationary and is burned constantly.
Also Toys NFTs and the Arena Hand NFTs are burned.

Here are the latest token burnings:

 

Business Development

In order to expand the audience of the project and find partnerships for mutual benefits, GAT Network launches a business development program.
To begin a conversation with potential partners we start to work with some carefully chosen business developers.

Possible cooperations are for example custom Arenas for other projects to distribute their token or NFTs or a branded Game Ace NFT.

Read all details on the Business Development program here

 

GAT holdings of DevTeam

You wonder what will happen after the private GAT funds of GAT Network Dev Team will be unlocked this winter?
We can tell you already that everyone can relax – nothing will change since the locking has been pro-longed until end-June 2022.

The funds are locked behind a legal contract which only permits use of them until end-June 2022 for example to onboard key partners, for top-tier cex listing or similar important topics. Read more here

 

New core team member

Speaking of the team we announce that a new member will join the core team in October! More details on that will be disclosed soon – keep an eye on our Twitter

Roadmap update

Our roadmap got a facelift and some new milestones. Make sure to have an eye on the roadmap since we will add features regularly. You find it at the main page of our website (scroll down a little). We try to put items on the public roadmap that can be delivered within a few months + some major topics. The rest is at an internal roadmap to avoid too much competition 😉

 

Buyback

Lately we published a blogpost what we think about Buybacks of GAT token and why it´s not the best strategy for GAT. Nevertheless we bought back GAT on some occasions lately since the opportunities were just too good. These GAT were added to the community reserve for giveaways and other community events.

9,000 GAT added to community reserve

Since liquidity at Bakery Swap is very healthy Bakery pulled some GAT/ BNB from the pool & returned the GAT to us.

They are at the community wallet now
https://bscscan.com/token/0xf315cfc8550f6fca969d397ca8b807c5033fa122?a=0x4f3450437a3e4cd77f083fc53b31279acb4c2acf

It will be used for challenges, giveaways, community events… ☺️

GAT Network joins celebration of 1st BSC Anniversary

In September we participated in an expo regarding the 1st anniversary of the Binance Smart Chain! It was a big metaverse event with the top projects on BSC. Below you can see our booth that was visited by lots of users during the expo. If you would like to learn more find the blogpost here

Tokenpocket

 All of GAT Networks dApps are now available on Tokenpocket (English version) – check it out! The Tokenpocket team told us that listing them in the Chinese version of TP is not possible at the moment due to latest crypto restrictions in China.

New videos tutorials

3 new screencasts of GAT Networks products have been created by community members – check them out!

Minted Vodka NFT Market Tutorial

Alchemy Arena tutorial (1)

Alchemy Arena tutorial (2)
https://www.youtube.com/watch?v=E0zsDyYH4hs

 

Important blogposts

Updates and insights to the vision of GAT Network
To keep the community up to date on our thoughts and plans we published a new update that reviews the last months and gives a perspective on our plans – would be awesome if you could take the time to read this post here

Marketing

Another important post we published lately is called “What about marketing” and gives a deep insight in our thought on this topics – please find it here

The anatomy of p2e Games

What will happen when staking rewards in a game end? This is a great question and the topic of this somewhat theoretical post.

That is indeed a dilemma of P2E (play-to-earn): in the long-term the “E” (earn) has to come from somewhere 😉

As far as we can tell there are 3 possible approaches to this in any given new game:

  1. attract more users that bring “fresh” money into the ecosystem of a game – in a sense this is an equivalent of a financial pyramid. Not our favorite, and also nothing that can truly work in the long run. Most hyped games rely on this dynamic, which explains the rocket behavior: fast growth and fast crash.
  2. continuously create (=mint) …

Read the full blogpost here

New Special Toys

2 new Special Toys joined the GAT Network. Special Toys are mainly collectibles in our view. Many of them also have a function in Alchemy Arena. The 2 new Special Toys “Recycling Bot” and “Hodlpus” don´t have a special function – but maybe they will…

Recycling Bot and Hodlpus are available in contests, giveaways and are sold in Liquidity Deals or Treasury Deals on Minted Vodka. The earnings of Liquidity Deals flow into the liquidity pool at Pancake Swap/ the earings of Treasury Deals flow into the game treasury of Alchemy Toys.

     

Giveaways + Contests

As usual there are several contests and giveaways ongoing or about to start. You find an overview on the giveaways here 

Last but not least…

… the visibility of GAT Network is documented by different rankings on a regular basis. Here 2 examples of last week

_________________

Background information

Gat Network is a web of connected NFT trading & gaming projects – launched in early 2021 by a fully transparent team/company in Germany.

The team is honored to have joined the Binance Labs Incubation Season 3

We have already launched several projects live on BSC (fully audited):

  • Assets Exchange Minted Vodka – trade anything for anything
  • Alchemy Toys – p2e game
  • Alchemy Arena – p2e game
  • TOY NFTs – collectible NFTs used in all games
  • GAT – limited, deflationary, low-cap, multi-use-case token
  • Game Ace -the world´s first NFT playable as retro video games

GAT Network is funded and has a long-term multichain/ cross-chain vision for NFT trading & gaming centered around GAT and the highly flexible Minted Vodka exchange. We refrain from hypes and pump & dump mentality and concentrate fully on building great technology and on organic growth.

Start here is you want to learn more or watch a Video to get an overview.

 

Contract address GAT: https://bscscan.com/token/0xf315cfc8550f6fca969d397ca8b807c5033fa122

CEX: please check this link for the current CEX listings

Liquidity: Pancake Swap / Bakery Swap

Website: https://gat.network/

Twitter: https://twitter.com/AlchemyToys

Telegram Info: https://t.me/gat_news

Telegram Community: https://t.me/alchemytemple

Litepaper / Whitepaper

Published On: October 12, 2021Categories: Featured, Uncategorized, Update