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Gafi Network Roundup Completes 3rd Milestone of Web3 Foundation Grant
22nd of November, 2022 - A great day to share some special things and write the next post to announce that the Gafi Network Roundup has reached its third Web3 Foundation grants milestone.
This is also the third post thanking the Web3 Foundation Grants Program for things they have done for Gafi Network.
Milestone 1 Roundup Recap
In our Milestone 1 post, we told players (end-users) and game creators ( developers) how Gafi Network got rid of the problems that current blockchain games had, such as transaction fees, network security, transaction fees, and the cost of opening.
Milestone 2 Roundup Recap
There are two key unique features that we achieved in the second milestone: Sponsored Pool and Gafi-TX.
This feature is the main service Gafi offers. Gafi Pool provides the Sponsored Pool to provide gamers with other ways to join the Gafi Network. It assists gaming projects in creating their own pool and appealing to their gamers.
According to the principle "Excess of anything is poison," Gafi TX takes roles as a custodian in charge of keeping the Gafi Network balanced.
The Gafi Pool provides extensive features to participants and gaming projects. The Gafi TX will keep that generosity in check. Without Gafi TX, the Gafi Network may be vulnerable to assaults on network security and the token economy.
Thanks to the W3F Grants Program
Colorless transparent gemstones look more splendid thanks to dispersion of light., All of Gafi Network’s milestones were completed at a professional level thanks to the help of the W3F Grants Program. Again, we want to thank Dr. Gavin Wood and the entire Parity and Web3 Foundation teams; this is truly an ideal ecosystem for all developers.
Overview of the third milestone
As mentioned in our second post, the progress of Milestone 1 and Milestone 2 was just the beginning. Gafi Network has now completed Milestone 3.
There are three features included in this milestone:
Gafi Governance — To make Gafi a fully decentralized platform.
Game Creator — To allow developers to claim On-chain Rewards.
Gafi Testnet Program — To open the Gafi Testnet Program.
What did Gafi do for the third milestone?
Gafi Network Testnet:
Gafi Network Testnet launched with at least 5 nodes.
This testnet will primarily be used to evaluate the performance and sustainability of Gafi.
Evaluated whether it can determine the configuration of the Gafi chain.
Introduced Game-creator and launched the developer-onchain-reward feature
The main reason for transaction fees, which are a part of every blockchain, is to protect the network against spam attacks. In other blockchains, transaction fees are paid to miners in proof-of-work networks, such as Bitcoin and Ethereum 1. In other proof-of-stake networks, fees are burned, and a portion is returned to the reserve.
The principle behind Game Creator is that a portion of the transaction cost on the Gafi Network will be burned, delivered to the reserve, and given to the Game Creator. This feature encourages game makers and developers to contribute to the ecosystem of the Gafi Network.
In the Gafi Network, 30 percent of transaction fees are given to developers as "developer-on-chain rewards." Stakeholders will decide how much of the transaction fees will go to developers.
More information about the developer-onchain-reward feature: https://wiki.gafi.network/how-to-guides/how-to-claim-developer-onchain-reward
With the new governance mechanism that allows networks to be fully decentralized, Gafi will follow in Polkadot's footsteps, to become a fully-decentralized blockchain platform.
What Will Come Next?
Gafi Q1 2023
Following the exclusive features: Transaction Fee as a Service and Free to Play, Gafi Network will provide a state-of-art flexible mechanism to deal with transaction fees and even allow users to make the transaction with ZERO costs. This powerful functionality can lead to one problem: spamming
To prevent spamming and the pool from running out of reserve, Gafi implemented the Gafi Whitelist that allows Game Projects to easily set up their Whitelist to support their potential users on their will.
Gafi Whitelist is also the proven case for the power of Substrate’s off-chain runtime, mechanism. It helps Gafi prevent malicious accounts, and connect Game Projects and Players.
Inspired by the marvelous functionality of Web2 Gaming, membership is a perfect way to advance user incentives. By using Gafi's services, users will upgrade their membership level, and of course, the higher level the user achieves, the greater the benefit will be.
This stage is for testing the Gafi blockchain's performance and sustainability.
The necessity needed before Gafi launches The Big Event.
The Web3 Foundation grant will give the Gafi team more motivation and tools as we work to build a truly decentralized blockchain platform and show the world what Web3 is all about. Don't miss the boat, subscribe to Gafi's channels to discover more.
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