Fishing Frenzy Whitepaper Overview
Fishing Frenzy, the free-to-play web3 RPG by Uncharted, has officially unveiled its whitepaper describing the structure of its $FISH token and the underlying ecosystem. The document introduces the ERC20-C standard, tokenomics framework, utility, and a new Proof of Contribution (PoC) mechanism built to reward active participation both on- and off-chain.
Token Utility and Ecosystem
According to the whitepaper, the $FISH token operates on the Ronin network and serves as more than simple game currency. Its purpose is to empower and reward the community for contributions that support the game’s growth and ecosystem health.
- Players earn $FISH through gaming activity, content creation, and community engagement.
- Both $FISH and its companion token, $xFISH, form the foundation of the title’s economy.
- $xFISH functions purely as a reward-based token that can be spent within the platform under specific conversion rules.
Proof of Contribution Model
The PoC model incentivizes authentic participation over speculation by recognizing valuable inputs across the ecosystem, ensuring rewards go to players and creators who enrich the experience. This design emphasizes steady community involvement and ecosystem sustainability.
"The system is structured to value genuine contributions rather than short-term profit-taking, fostering a self-sustaining digital economy."
Future Plans
The release date for the Token Generation Event (TGE) has not yet been confirmed. The development team continues refining mechanics aimed at long-term growth and fair distribution.
Author’s summary: Fishing Frenzy’s whitepaper outlines a dual-token economy and a contribution-based reward model promoting lasting engagement in the web3 RPG world.