The Battle for Giostone

    Introduction

    In this Analysis, You will Read about BGF tokens, the governance token of Battle for Giostone.

    Battle For Giostone is M-Tech entertainment that has developed BFG, an Esport MOBA game on the blockchain that boasts authenticity. At battleforgiostone.com, players can select their Hero's abilities and join the fray.

    Web3 gaming was a crucial aspect of the recent Avalanche Summit, and one of the games featured was BGF. While users had the opportunity to try out the game during the summit, it was not a new release and had been launched the previous year. During the summit, I analyzed the on-chain activities of BGF's native token to determine the impact of the Avalanche Summit on the game.

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    What is the Usage of BFG token?

    GIOS is a non-blockchain utility token that can only be earned in-game or by converting BFG. This token can be used to forge new heroes or purchase cosmetic upgrades for your existing ones, allowing you to make your Heroes look unique. It's similar to in-game credits or currency in any popular video game stored in a centralized database.

    The importance of GIOS lies in its role as the sole means of forging a new Hero. Converting BFG to GIOS involves sending BFG tokens to the Treasury and receiving GIOS as a reward.

    Conversely, converting GIOS back to BFG involves accessing the play-and-earn Fund, which will be available for 5 years. After this time, the Fund will be depleted, but the Treasury will be replenished thanks to earnings from e-sports tournaments, marketplace fees, compendium purchases, or community voting.

    Method

    I analyzed the BFG game because not many platforms were announced during the Avalanche Summit. Although there were several partnerships, such as Avalanche with Alibaba Cloud, GoGopool, and Web3gaming, the BFG game was one of the few available for examination.

    However, most of the game's activities occur off-chain, and I could only analyze the on-chain activities related to BFG token minting and swapping. It's important to note that the volume shown in all charts is US dollars. While the data analyzed provides some insights, it is not sufficient to draw a concrete conclusion, and it may be worthwhile to re-examine the game's activities in the future.