In today’s article, we will analyze the tokenomics and economics of the move-to-earn Amazy app, where users get rewards for physical activity.
What is Amazi?
Amazy is a mobile fitness app in the move-to-earn genre, similar to games we know from STEPN and Calo Run. Players engage in physical activities such as running in virtual NFT sneakers and earn cryptocurrency. There are 2 primary tokens in the game, AZY and AMT.
Next, we will analyze in detail the purpose of both tokens. A full review of the Amazy game is also available on our website.
Amazy Token AZY
AZY is a game management token created on the BEP-20 protocol of the Binance Smart Chain network. AZY is similar to STEPN’s GMT token and is issued in a limited supply of 1,000,000,000 tokens.
AZY is intended to distribute rewards from the growth and development of AMAZY among the players, developers, and speakers of the token. In the future, it will allow holders to manage the development of the AMAZY platform, making it decentralized.
The vault of tokens from which users and developers receive rewards is called the “Community Treasury,” and it receives income such as:
- 5% of all transactions of the AMAZY trading platform;
- Part of AZY expenses in the application.
In the game, AZY will likely be used, most likely, as in STEPN, to upgrade sneakers to a higher level or cross them. But the developers report that AZY may also be needed to personalize your NFTs and get rarer items.
At the moment, the rate of the AZY token is at the level of $0.34
Amazy AMT Token
AMT is the utility token of the AMAZY application; it is an analog of GST in STEPN. It has an unlimited number and is mined by users in the application for physical activity.
To solve problems with an overabundance of the AMT token and the subsequent drop in its price of it, there are mechanics for burning this token:
- shoe repair;
- Increasing the level of the sneaker;
- Opening slots for chips;
- Updating/improving the box with sneakers or chips;
- Customization fee.
It is worth noting that the developers offer many different token-burning mechanics. Most likely, they learn from the mistakes of another move to earn applications and think in advance about how to avoid the already known problems of infinite tokens.
Amazy’s long-term economy
To maintain the economy of the application and, in general, the entire AMAZY platform, developers will use the following methods:
- Working with the audience. Our review article discussed that the creators are considering the idea with the “AMAZY Academy,” which will train users. AMAZY is supported by many influencers, which will allow you to bring a large number of new audiences in batches.
- Working with the platform Adding new apps to the Amazy universe will generate demand from existing users, enabling them to use their digital assets in other apps. It will also reduce dependence on new players entering the ecosystem.
- NFT improvement. Increasing demand for in-game currency by adding customization mechanics and creating new digital assets.
- Attraction of additional sources of capital. Advertising and promotion of the project. Creation of digital and physical goods, such as branded t-shirts/toys or limited edition NFTs. Conducting offline events.
The above profits also go into the community treasury and are distributed as rewards.
