PetaRush Secured Partnership with SecondLive!
Another amazing partnership secured by PetaRush with SecondLive! This means more fun and more opportunities for PetaRush fans and NFT gaming fans.
What is SecondLive?
SecondLive is a hub for Metaverse inhabitants. More than 1 million users are gathering here to facilitate self-expression, unleash creativity and build a dreaming parallel universe. Leading invested by Binance Labs, SecondLive team is expertise in virtual space creation for large-scale events and Metaverse infrastructure building. With the assistance of UGC and AI-generated content, SecondLive will create a Web3 open Metaverse that serves 1 billion people. There are four main modules in the process of using SecondLive:
- Dress up Avatar: Users dress up their own characters with the editor and set it as their avatars.
- Travel Around Virtual Spaces: Users can transport to the lobby, games, concerts, workshops and other spaces.
- Create with Creator Tools: Users can generate content without codes according to the modules, interactions, and gameplays. Some gamification configurations can be directly and automatically deployed online.
- Trade on SecondLive Marketplace: Anyone who owns a third-party digital asset can trade assets through the SecondLive market.
SecondLive Features
As the most active realistic style Metaverse on BNB Chain, SecondLive focuses on building social networks and supporting creator economic activities. Among various Metaverse projects, SecondLive stands out with following features:
1. Strong Carrying Capacity. SecondLive was designed to start with a PC client rather than a dapp on a webpage. It allows SecondLive to be able to accommodate up to 10k concurrent users to satisfy large-scale event. In April of 2022, SecondLive successfully held American rap star Quavo’s Metaverse debut, becoming the one and the only project that enabled 5k concurrent users to enjoy live show in the virtual stadium.
2. Extensive Application Scenarios. SecondLive is a rarely realistic style Metaverse. The scenario of SecondLive is approximately equal to that of the real world. Entering SecondLive is entering the era of “Digital Species”. When Metaverse goes more into our daily life some day in the future, the realistic style is easier to be widely accepted and used.
3. Sustainable Commercial Mode. SecondLive chose the entertainment industry as a starting point to connect with the non-crypto world. As a successful first step, SecondLive engaged Quavo with 46 million fans and achieved more than 52k live stream viewers in 30 minutes show, which is a record-breaking on Binance Live.
Tokenomics
Ⅰ. Dual Token Mechanism
SecondLive economic system consists of two kinds of tokens: governance token LIVE and incentive token Bean.
LIVE (SecondLive Token) is the adhesive that binds all members of SecondLive Community together, and the governance token of the whole platform.
Beans are used to stimulate the output of various behaviors of users on the platform, including: operating space, experiencing games, creating content, completing specific tasks, participating in operational activities, etc. Users holding beans can participate in staking and obtain LIVE tokens.
Ⅱ. SecondLive Token
LIVE is the BEP20 governance token of SecondLive. Holders will shape the future of SecondLive by supporting the upgrading of the ecosystem and guiding the use of community funds.
- Name of token: SecondLive Token
- Short for token: LIVE
- Total supply: 1,000,000,000
Ⅲ. Bean Token
Incentive tokens for user behavior in SecondLive will be an unlimited supply.
There are different roles in SecondLive, such as creator, operator and ordinary user. We encourage users to participate in the construction of SecondLive through Beans and encourage more users to join. After obtaining Beans, you can stake Beans for LIVE.
There will be more ways of earning Beans with the variety of products offered.
The Output of current Bean
The output of Beans: After users create Space, according to the conditions of active users in their Space, the Space will automatically produce Beans to bring income to the creator. The more active a Space is, the more Beans that will be produced.
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Other outputs: Users can get Bean incentives from playing games, chatting, working, AMAs, and decorating Space in the SecondLive world.
Consumption of current Bean
SecondLive will provide a certain amount of LIVE every week (currently 100,000 LIVE) and the number will be modified with the increase of users and DAO governance. LIVE will be put into the income pool for the incentive of staking Beans. Users can stake Beans to get LIVE rewards. Beans in the income pool will be burned.
Governance Introduction
Governance Token
LIVE is BEP-20 token of SecondLive protocol.
Voting Rights
LIVE holders have the right to make technical changes to the SecondLive protocol and approve on-chain decisions on non-technical issues.
No matter it is a change to protocol parameters or a decision to accept a new governance concept, LIVE voters have the final rights of control.
Voting Governance
The voting behaviour ensured SecondLive community to have a voice in project development in the future.
Core Proposal: SecondLive team initiate proposal, the final decision is made on voting results.
Community Proposal: Proposed by community. They provide ideas and show attitude towards project. The SecondLive team will review every single proposal and vote carefully. For those which received majority of supports, official team will consider to upgrade it to “core proposal”.
SecondLive DAO
Proposal List
- Users can access all proposals posted on Snapshot by SecondLive through SecondLive DAO’s proposal list and participate in polls.
2. Proposal Page
- Users can go to the detail page of a proposal through the proposal list to get more information about this proposal and learn about a poll on it.
- On the detail page, users can view their voting power after a proposal is created and participate in the poll.
3. Voting Power
- Users can check their current voting power and its distribution by entering the Voting Power page.
- Voting power calculation rules:
- All the current SecondLive NFT holders can participate in voting, including Apartment NFT, Island NFT, Pet NFT, and Badge NFT.
- The voting power varies in accordance with the level of NFT
- Lv. S=1.3x, Lv. A=1.1x, Lv. B=1.0x, Lv. C=0.9x, Lv. D=0.8x
- When there is no level attached to the NFT, the voting power equals the initial value of that NFT’s type.
- Initial voting power for different types of NFT:
- Apartment=1:800
- Island=1:1600
- Pet=1:100
- Badge=1:30
Note: Due to an update of the contract, the NFT staked generating Space before Mar.15 needs to be withdrawn and re-staked. Then the owner can get voting power.
4. About Snapshot
- Snapshot is an off-chain polling platform. It offers a freeway for token holders to vote on proposals. Snapshot ensures safe and fair results for votes by saving proposals and polls on IPFS as encrypted signing messages.
- SecondLive DAO entrusts all proposals and pools to Snapshot. This enables DAO to record and store all proposals, polls and results in a safe and decentralized way. All results are shown on SecondLive DAO.
