The First-Ever GameFi Prediction Protocol on Sui — Powered by Cubic
Cubic will support the LOA Guild Tournament with the first-ever GameFi Prediction Protocol on Sui and an innovative utility NFT design, offering users a new and exciting way to engage with top-tier gaming guilds. With the high scalability of the Sui network and the optimized LOA Sui Chip NFT contract, the Sui community can easily participate in the LOA Guild Tournament Prediction Event with a low gas fee.
🌊 Sui Native: Leveraging the Scalability of the Sui Mainnet to Enable Mass Adoption of Prediction Entertainment
Sui has key innovations in consensus mechanisms, transaction processing channels, and on-chain storage. The Sui network improves execution efficiency by executing parallel independent transactions simultaneously, thereby enhancing network scalability.
The LOA prediction game is an entertainment protocol deployed on the Sui network. Since the Sui network is mechanized with a DAG data model and pipeline transaction process flow, the LOA prediction game gains the huge benefits of fast transaction confirmation and low transaction cost as well as safe ownership of game assets. The LOA prediction game makes use of the display standard in Move smart contract language to support metadata scenarios. More specifically, it is a template engine which can be filled with static and dynamic data as metadata and stored on chain. This is different from the BSC network, since the transaction cost is expensive on the BSC network and users have to store the metadata in the off-chain location.
After optimizing the LOA Sui Chip NFT contracts, users can mint four LOA Sui Chip NFTs in a single transaction with a gas fee as low as 0.02 USDT, and the cost of a single prediction interaction is less than 0.01 USDT.
🎫 NFTFi on Sui: Energizing the Sui Ecosystem with Innovative Utility NFTs
To further incentivize active on-chain users, Cubic initiates an innovative approach of NFTs wrapped with tokens inside which is used in the design of LOA SUI Chips NFT. In this particular event, LOA Chip NFTs serve both as vouchers for predicting in the Guild Tournament and also as utility NFTs for completing and certifying the on-chain actions.
More specifically, during the LOA Guild Tournament, users can earn $ARCA by predicting with LOA Sui Chip NFTs. Once the prediction is placed, the chip holder can claim 33X $ARCA. If a chip isn’t used, the chip holder can still claim 1X $ARCA.
With the unique attribute of an NFT built on Sui, such behavior can be recorded and rewarded by upgrading the metadata of the NFT without burning the old NFT and reissuing a new one.
By 22th May, more than 7000 chips have already been minted by users on Sui.
Utilizing the technical characteristics of Sui, Cubic is actively building and innovating the game ecosystem on Sui Network, and empowering and expanding the Sui community.
About LOA Guild Tournament Prediction Event
Prediction Sessions: 10:00 UTC on May 25th — 10:00 UTC on May 29th
Chips NFT Mint Link: https://assets.cubicgames.xyz/drops/detail/?id=5
Make Predictions on Sui: https://rb.gy/l20yw
About Cubic
Cubic is a community-driven Gaming Platform with the goal to create rich gaming experiences on Sui Network and onboard millions of users and game studios to the Web3 gaming era.
Cubic is a comprehensive platform designed to offer a user-friendly experience for users and to simplify the game development process for studios. Cubic offers convenient login experience, multiple payment channels, and a unified economic model to level up in the Cubic ecosystem and earn rewards across multiple games. The platform also features the Sui Game SDK and a range of other tools and functionalities, including AI empowerment toolsets, digital asset exchange, and user growth support.
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