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Light in the bear market: Revealing the wealth effect of Matr1x FIRE.

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Detailed description of the key moments Matr1x FIRE has gone through and how the participating users have profited.

Original author: Kai Xuan, Co-founder of Bay Game Alliance

1. Without realizing it, we have already entered the end of the third quarter of 2023. Despite being a bear market year, it still holds many opportunities.

1.1 Monkey Card, SUI New Listing, ARB Airdrop, BRC20, TGBOT, etc. Any one of them can yield more than A7.

1.2 However, those who are able to seize and amplify these opportunities are often deeply rooted in specific fields, able to endure loneliness, and willing to invest a lot of time and money.

2. In the Web3 gaming industry, there has been a significant change in the economic model, shifting from "play-to-earn" (P2E) to "win-to-earn" (W2E).

2.1 A typical example is Matr1x FIRE. Next, we will describe in detail the key moments that Matr1x FIRE has gone through and how the participating users have made profits.

One, Key Moments in Matr1x's Journey

1. In January, most people around me were not optimistic about Matr1x FIRE, thinking that it was just a blockchain-based CSGO shooting game.

1.1 The game assets recorded in the white paper at that time included YATC, Matr1x 2061, game token $FIRE, and governance token $MAX.

1.2 The value of YATC is almost incomprehensible to anyone, and its initial on-chain transaction data is very poor compared to other blue-chip projects. Some friends who received the YATC airdrop immediately sold it for a quick profit and then ran away.

2. By the time Matr1x 2061 was released, it finally ignited the passion of players. Its initial price was 0.1E with a total supply of 2061. Based on the Ethereum value at the time, which was 1800U, the total market value was around 300,000U. It is clear that the company was giving users a discount.

2.1 To obtain the minting qualification, players need to participate in the official joint event to obtain the whitelist or hold YATC to receive airdrops.

2.1.1 There are two types of whitelist: 1. Matr1x list (mandatory whitelist), mint price: 0.1E, quantity: 1000, usage scope: 260 YATC holders + 740 Matr1x list address. Any remaining spots in the Matr1x list will be transferred directly to the Lucky list; 2. Lucky list (lucky whitelist), mint price: 0.1E, quantity: 901+X spots from the Matr1x list phase that have not been minted yet, usage scope: only Lucky list address.

2.2 The project party carried out Discord whitelist activities through joint KOLs to achieve user fission. It can be seen that during the activity period (1/18-2/20), the number of members in Matr1x's Discord increased by 63,000, completing a six-fold increase in volume in one month.

3. In the week before the launch of Matr1x 2061, the community's enthusiasm anchored the NFT price at 1 ETH, with even off-market bids reaching 800U-1000U.

With the announcement of a huge positive development, on February 10th, it was revealed that the A round of financing had been completed with $10 million. After officially launching on February 20th, the daily trading volume reached 400E with 367 transactions and an average transaction chip of 1.14E. The highest price that can be traded is 1.77E.

4. However, after the high-profile crackdown, Matr1x 2061 experienced a continuous decline and volatility from February to May, and even fell below 0.5E before the first public beta, with only a few buyers.

5. Fortunately, Matr1x is very clear about its core competitiveness, which is centered around product strength and always focused on the consensus of game users and NFT holders. They value community feedback, continuously iterate their products, and constantly improve and balance their gameplay and competitiveness.

6. In particular, in June, with the opening of the NFT staking system, the price of Matr1x 2061 has remained above 1 ETH, and the value of the staking output FIRE token has also been recognized.

7. For nearly half a year, Matr1x has experienced ups and downs, but has always focused on practical fundamentals around user experience. In addition, with the development of e-sports competitions, IP operations, cultural construction, and community operations, the trend is unstoppable.

7.1 It can be said that Matr1x has brought unprecedented vitality to the web3 gaming industry and even the entire web3 industry. The second round of internal testing has ended not long ago, and the third round of internal testing is also coming soon. Everyone is looking forward to it being able to kick off the first shot of the bull market.

二、NFT Profit and Loss Analysis

1. The current price of YATC has reached 12E, with an initial trading price of 2-3E. Matr1x 2061 is at 1.5E, with an initial trading price of 0.8E. Early users who accompanied them have made good profits.

1.1 From the data of NFT holders, the profit users of YATC and Matr1x 2061 have reached over 95%, almost everyone is making money. Among them, 75% of YATC holders have a profit of 10E or more, and 67% of Matr1x 2061 holders have a profit of 1E or more.

2. When it comes to Matr1x, we cannot ignore Zhou Huang, who was an early companion of Matr1x and also the manager of the Chinese community. It is known that Zhou Huang has one public wallet address (0x5D3bea722035f37ebA22Af4eC2A4ed20d08C3335) and has a total profit of 158 ETH on Matr1x's NFT, with an investment cost of 59.48 and a high profit rate of 266%.

2.1 Observe the acquisition time of YATC. 10 were acquired in January and 1 was acquired in February. Among them, one was obtained through an airdrop on January 19th, and the rest were purchased through secondary trading. A total of 34.98E was invested in January when there was no clear information available externally. After the purchase, the holder remained steadfast until now, which is truly not easy.

3. The fact also proves that his decision is correct. Matr1x has empowered many on YATC, giving early holders huge returns.

3.1 Matr1x announced on February 17th that anyone holding YATC before February 19th will receive a free airdrop of 1 Matr1x 2061+1 guaranteed win. The guaranteed win only requires 0.1E to receive an additional Matr1x 2061. Zhou Huang held 10 YATC before February 19th, which means he obtained 20 Matr1x 2061 by spending 1E.

3.1.1 Study the purchase data of Matr1x 2061 in public addresses. There are actually 13 Matr1x 2061 with a cost of 0 and 17 Matr1x 2061 with a cost of 0.1E. It is speculated that the additional 10 2061 were obtained through secondary accounts and community activities without off-market transactions.

3.1.2 Statistical historical Matr1x 2061 transaction data, with the vast majority of transaction prices falling in the range of 0.5-0.8. The remaining 20 Matr1x 2061 transaction prices of Zhou Huang fell in the range of 1.1-1.4, which is not considered low. From the perspective of NFT profitability, the vast majority of profits are directly or indirectly brought by YATC.

On March 26th, Matr1x released their NFT staking system and launched the first staking event (6/26-12/26). Players can earn rewards and resources from the Matr1x platform by staking their NFTs. They can stake individual NFTs or a combination of them into the staking pool. The system will reward them based on the staking duration, NFT type, and quantity.

3.2.1 This has given NFT a huge empowerment, especially YATC. According to the official calculation of the staking reward table, holding 1 YATC and staking for 60 days can earn nearly 20,000 FIRE tokens. Calculated at a pessimistic off-market price of 0.1U, staking rewards for 2 months can bring an additional income of 2000U.

3.2.2 For the big player Zhou Huang, holding 11 YATC and 50 Matr1x 2061 in public addresses can form 10 Glory Team staking units and 1 Champion staking unit. The staking has been ongoing for 2 months until August 26th. The Glory Team has produced 10*59558=595580FIRE, and the Champion has produced 19795FIRE, with a total profit of 625035FIRE. In terms of NFT staking profit, it conservatively brings in 62,500 U. If calculated at a reasonable price of 0.2U, the profit is 140,000 U.

4. According to official disclosure, the rewards for future staking activities will be more generous. Subsequent staking can also mine MAX tokens, Genesis character materials, and third-phase NFT whitelist...

Three, Gold Mining Strategies and Benefits

1. In Matr1x FIRE, players place greater emphasis on teamwork, skill improvement, and social interaction. Web3 games are increasingly emphasizing entertainment and strategy.

1.1 Of course, gold farming still has good benefits, but the model has evolved from everyone playing to earn (P2E) to everyone winning to earn (W2E).

1.2. The Matr1x gold farming studio that I have come into contact with, the one that has achieved the greatest results should be the studio of Little Flying Fish. Little Flying Fish was already financially free before entering the industry, and is one of the few top players in the industry who does not prioritize profits as the main goal, but rather holds a passion for the game and excels at it due to their dedication. Naturally, they are also able to obtain decent returns.

2. Before delving into the story behind the Matr1x FIRE decryption gold rush, let's first take a look at the basic information of the second internal test of Matr1x FIRE.

2.1Matr1x FIRE lasted for 21 days during the second round of testing. The Battle Pass card is a pass for the internal test, which is divided into three levels. Players who hold the BP(Advanced) advanced pass and the BP(Boosted Advanced) advanced upgraded pass have the opportunity to win YATC and the NFT whitelist for the third round of testing.

2.2 There are three main activities in the second test: season tasks, daily challenges, and leaderboard tasks. Season tasks are unlocked from day 1 to day 10 and are all related to competitive gaming behavior, with a moderate level of difficulty. Daily challenges are unlocked from day 10 to day 21, with a guaranteed duration task every day, and the remaining tasks are "winning N times in the first X rounds of team competition", which is challenging. The leaderboard task is the most difficult, requiring players to be in the top 100 of the leaderboard every day and reach the 'Legendary' rank, which is the highest rank in the game.

3. The official wealth password of Matr1x FIRE has long been provided in the FAQ MATR1X FIRE Mission Frontier Test FAQ, and the level and rewards are directly proportional.

3.1 The following figure is the BP task reward calculation chart. The basic Pass card can only receive up to level 100 rewards, while the advanced and advanced advanced versions of the PASS card can receive up to level 250 rewards. In addition, you will also receive more FIRE tokens, MAX tokens, advanced treasure chests, rare treasure chests, and even epic treasure chests.

3.1.1 After opening the treasure chest, there is a chance to obtain various NFT assets or FIRE tokens. The higher the level of the treasure chest, the more valuable NFT assets and FIRE tokens can be obtained. Among them, the genesis character gene can mint one genesis character when the genesis character is issued. The gene evolution factor can not only mint characters, but also give them exclusive appearance and abilities.

3.2 Based on the BP task reward table and the comprehensive shooter leaderboard prices, how to obtain maximum profits with minimum costs. Xiaofeiyu has drawn three important conclusions from this.

4. After having the correct strategic direction, there will inevitably be many obstacles encountered in the execution and management aspects.

4.1 The first checkpoint is the forwarding of verification codes. Matr1x FIRE requires receiving email verification codes for login, which leads to a long chain of message transmission. Especially since many of these checkpoints come from different owners, sometimes the verification code expires in 10 minutes, and the process needs to be repeated, which consumes a lot of energy.

4.1.1 This problem is actually the most common and headache-inducing problem in the guild power leveling mode. Little Flying Fish has broken the inherent mode of solving problems by @ someone in a WeChat group in the past, and developed a small tool. The power leveling player only needs to click the link, and the verification code of the account owner's email will be forwarded and displayed on the webpage, without entering the email to view it. Under the protection of the account owner's email password and privacy information, the communication path between the gunner, the team leader, and the account owner is greatly shortened.

4.2 The second checkpoint is progress management. With a large number of accounts and multiple daily challenge tasks, managing the daily tasks and progress of players who are being played on behalf of is a significant challenge. Finding a more intuitive and scientific way to manage game account tasks and progress is crucial.

4.2.1. As a result, the player task management progress function was born. Little Flying Fish broke the previous mode of manually recording in Excel and improved the management process through the system, achieving the ability to automatically monitor the level, experience, and task completion progress of each account on the platform every 20 minutes.

4.2.2 In addition, this platform has many impressive features, such as a level prediction model that can predict how many games can be won in the future and what level can be reached. Through system management, team leaders can directly supervise the completion of level tasks by proxy players. There is also an asset ROI calculation function that can calculate the return on investment for each account based on various asset prices and the level of the proxy player, improving efficiency and accuracy of calculations. These features are not described in detail here.

4.2.3 This solution is also known as Matr1x, the most powerful tool for gold farming in the game, which has been used by three gaming guilds, including the champion of the second closed beta - Qie Gao. With it, the efficiency of gold farming is at least twice as high as before.

5. With the right strategy and excellent technical management tools, a good result can naturally be achieved. His studio and the gaming guilds he collaborates with are responsible for a total of 271 game accounts, with the lowest delivery level at 200 and an average delivery level of 229.1. Without any scheduled ranking pushing, 14 accounts have reached the highest level of 250 and 5 accounts are ranked in the top 200.

5.1.1 FIRE tokens are estimated based on the off-exchange transaction price of 0.1. According to Matr1x's @poemran (Founder&CEO) description in AMA, only 60 million tokens will be distributed before the public beta, and only 10% will be unlocked, which means there are 6 million tokens. At a price of 0.1, it is only 600,000 U. The FIRE tokens will also be used for opening treasure boxes and upgrading characters, and will also experience deflation. Currently, they are definitely undervalued.

5.1.2 MAX's current institutional price is between 0.2-0.5; according to feedback statistics from Matr1x community users, advanced treasure chests drop an average of 5 FIRE tokens, rare treasure chests drop an average of 40 FIRE tokens, and epic treasure chests drop an average of 180 FIRE tokens.

5.1.3 The obtained treasure chest will ultimately open up FIRE tokens or various Genesis character genes/gene evolution factors. These character genes/factors will mint different founding characters, compared to the green shoes, blue shoes, and purple shoes of Stepn at that time, the price of Genesis characters will fall between 200U, 600U, and 1500U. Compared to the Matr1x guaranteed white price at that time, the third phase whitelist will fall at 1000U.

5.1.4 271张Pass卡中有219张属于小飞鱼工作室，那么我们就可以测算出来打金回报保守估计在13万U，年化收益率755.2%

Translation:

5.1.4 Among the 271 Pass cards, 219 of them belong to Little Flying Fish Studio. Based on this, we can calculate that the conservative estimate for the gold return is 130,000 U, with an annualized return rate of 755.2%.

5.2 It seems that Matr1x FIRE is definitely a hundredfold. The current game progress has only just finished the second internal test, and there are still many opportunities in the future. Perhaps it can really become the next CSGO, standing on the shoulders of giants and steadily polishing the product, it will eventually be able to break through.

Four, Establishment of BGA Bay Area Game Alliance

1.Matr1x, from being underestimated in the early days, has now become the top player in web3 gaming. This is due to their focus on work, product development, community building, pursuit of excellence, and attention to detail...

1.1 From community builders to numerous players participating in the game, there are stories of NFT game assets earning 156E in profits and stories of playing games to the extreme and earning 130,000 dollars. Each story validates the excellent feedback and warmth that games can bring to users.

2. Play for the love of the game, excel through dedication, and profit through expertise; a group of people attracted to each other, from acquaintance to consensus, jointly established: Bay Game Alliance (BGA).

2.1 BGA focuses on Web3 games, dedicated to exploring high-quality projects, serving the Chinese community, and pursuing excellence together; Vision: Excellent people play excellent games together, Elites play excellent Games together!

3. Core members in the early stage of the alliance: Zhou Huang, Huoyunxieshen (@Huoyunxieshen_), Xiaofei (@Flyman2022), Xiaofeiyu (@Fisher0815), Lao Zhang (@barryzhang999), Houge (@btc_dengfeng), Jinjin (@jinjinice), Charlie (@Alpha_Decoded), Kaixuan (@kaixuan_web3).