Crypto-based play-to-earn gaming projects have grown by leaps and bounds since late last year.
While a majority of these crypto and blockchain-based games involve raising some form of animal or creature in the metaverse, platforms like WAM.APP are focused on creating social gaming with a variety of games to choose from.
What is WAM.APP?
Founded in 2020 by a group of entrepreneurs and tech enthusiasts behind the Romanian company, Digitap, WAM.APP is a play-to-earn social gaming platform that lets users compete in skill-based tournaments on simple and entertaining hyper-casual games to win crypto rewards.
According to its whitepaper, WAM.APP was designed in such a way that it would be accessible to users on any device at any given time.
The creation of this play-to-earn platform was inspired by real-life amateur sports tournaments that saw millions of fans compete in different sports just to have fun and spend quality time with their friends and family.
Due to the pandemic, physical sports meetups have become nearly impossible. Therefore, to encourage the sharing of memorable experiences and keeping in touch with loved ones, Digitap created WAM.APP to provide a digital platform where people from all over the world can interact with each other while earning crypto and NFTs rewards.
Within a relatively short period of WAM.APP’s existence, the gaming platform has attracted the attention of crypto investors and gaming enthusiasts.
Two months after the launch of its public beta version in February 2021, the platform hit more than 2.5 million users. Currently, WAM.APP has over 3.5 million users, according to the official website.
Additionally, the platform’s mobile app, which is available for download on both the Google Play Store and Apple App Store, has been downloaded more than 180,000 times since it was rolled out.
How Does it Work?
WAM.APP provides players with a lot of functionalities and multiple ways to earn from the platform. It has several games in both the casual and hypercasual category, and users can register and play any of those games in both single and multiplayer.
There are sports games, brainteasers, board and card games, arcade and puzzle games, and many more. The more a player wins any of the selected games, the more their in-platform rank grows, similar to the real-life leaderboards in competitive sports.
As a player’s rank continues to progress, they qualify to take part in the various tournaments available on the platform with more rewards and higher entrance fees. Each tournament has a rewards pool or prize budget where the organizers will add a fixed amount of WAM tokens that can be won by any player that registers and pays the entrance fee.
At the end of each tournament, the rewards will be algorithmically distributed among the best-ranked players in the tournament based on their score and ranking. Users can trade NFTs won in specific tournaments on the platform’s marketplace.
Players can also grow an audience of fans to interact with by creating their games and tournaments with AI-assisted technology once they are registered on the WAM.APP platform.
When games are approved and published, creators can share them with their friends and families and also see the performances of other players in their tournaments.
The entire WAM.APP ecosystem will be governed by the platform’s native token, WAM, an ERC-20 token set to make its debut in December 2021.
Some of the token’s functionalities include
- Players can use WAM to continue their games from a certain level.
- WAM tokens can be used to challenge a friend to a 1v1 tournament.
- The token can be used to pay entrance fees to organized tournaments.
- Players can also use the token to create private tournaments for friends and family.
- In the future, WAM tokens will be used to buy NFTs and other digital assets from the marketplace.
There will be a total supply of 1 billion WAM tokens. About 10% of the total supply will go to the project developers, 5% to advisors, another 5% to company resources, 8% to development, and 12% to marketing and promotions.
About 4.3% of the total supply of WAM tokens will be put up for seed sales, 7.5% for private sales, 2.4% for launchpad sales, and 1.2% for the liquidity pools. The remaining 44.3% will then be reserved for community rewards.