HERCO Whitepaper

HERCO is a utility coin on the WEMIX platform. It is a digital property that can be mutually exchanged with Herostones within the game Crypto Ball Z on WEMIX.
Players can obtain Herostones through various ways while playing Cryto Ball Z on WEMIX. Herostones can be exchanged for HERCO and HERCO purchased at the PLAY Wallet can be exchanged for Herostones.
Crypto Ball Z on WEMIX is a game that is managed through seasons. Herostones are a currency that is not deleted after a season along with other NFT items.
Large quantities of Herostones are required to make the exchange for HERCO. You can use the NFT Commanders to obtain even more Herostones. NFT Commanders with superior abilities can be used to obtain large quantities of Herostones or be traded at the MARKETPLACE of the PLAY Wallet.
We will make efforts keep the value of HERCO stable through this economy system.

  1. 1. HERCO Issuance and Usage Plan
  2. 2. Initial HERCO Supply : 1,000,000,000
  3. 3. HERCO Usage Plan

    Item

    Amount

    Percentage

    Description

    Game Operation

    570,000,000

    57%

    HERCO Refine Amount

    In-Game Ranking Reward

    10,000,000

    1%

    Season Ranking Reward

    CBZ Defi Service Reward

    200,000,000

    20%

    Release on Demand

    Marketing

    100,000,000

    10%

    Rewards such as AirDrop and Promotion

    Platform Operation

    70,000,000

    7%

    WEMIX Platform Operation

    CBZ Team Reward

    50,000,000

    5%

    Lock Up Period: 3 Years

    Total

    1,000,000,000

    100%

  4. 4. HERCO - Herostone Exchange
    1. 1. Implementation of official exchange ratio based on Herostone/HERCO supply and market status

      Item

      Description

      Herostone -> HERCO

      Default Value

      • Mn=Refine number of Herostone → HERCOat Refineryduring season n
      • Sn=Refine number of HERCO→Herostone at Refineryduring seasonn
      • γ=Season variable
      • If the mining amount difference exceeds the range, set the first or last value as α
        • EX. -60% <= 0.6 / 60%>=1.4

          Mining amount difference (min)
          Or above (+) / or below(-)

          Mining amount difference (max)
          Above(+) / below(-)

          α

          -50%

          ~

          0.6

          -40%

          -50%

          0.68

          -30%

          -40%

          0.76

          -20%

          -30%

          0.84

          -10%

          -20%

          0.92

          -8%

          -10%

          0.936

          -6%

          -8%

          0.952

          -4%

          -6%

          0.968

          -2%

          -4%

          0.984

          0

          -2%

          1

          0

          0

          1

          0

          2%

          1

          2%

          4%

          1.016

          4%

          6%

          1.032

          6%

          8%

          1.048

          8%

          10%

          1.064

          10%

          20%

          1.08

          20%

          30%

          1.16

          30%

          40%

          1.24

          40%

          50%

          1.32

          50%

          ~

          1.4
      • Fee
        • Fee needed when refining Herostone -> HERCO
        • Base 16% fee; Increased fee for supply/need depending on the supply/need ratio of HERCO
        • Daily fee change

      HERCO -> Herostone

      Default Value

      • β=Value of additional Herostone sent
      • Users can obtain additional Herostones while paying fee and β when exchanging HERCO -> Herostone based on the equation above.
  5. 5. How to Obtain Herostones for Refining HERCO
    • Herostone can be obtained through:
      1. 5-1. Daily Quest
        • Players can complete daily quests to obtain a small amount of Herostones.
        • However, the quantity of obtainable Herostones through daily quests will be small and limited so it would be hard to refine into HERCO with daily quests alone.
      2. 5-2. Drone Mining System
        • A crucial system for obtaining Herostones within Crypto Ball Z on WEMIX.
        • Players can obtain materials to craft Drones at a certain chance when they clear stages with Commanders equipped.
        • Drones can be crafted with collected Drone materials. Drones can then be sent to search for Herostones, which obtained after a certain amount of time.
        • The Drone system is connected to the NFT item [Commander].
          • In order to craft a Drone of higher rarity, you must own multiple Commanders or Commanders of higher rarity.
          • A Drone of higher rarity will bring back more Herostones after completing a search.
          • Owning a Commander of higher rarity will allow you to craft Drones of higher rarity, decrease Drone search time, and increase the quantity of Herostones brought back.
          • Commanders can be obtained with Herostones or purchased at the WEMIX NFT Market.
        • If players wish to send multiple Drones to search, they must reach higher stages. Less Drone slots will be open during lower stages, thus resulting in less Herostone obtained.
      3. 5-3. Season Ranking Reward
        • Rankings will be decided by the highest stage players have reached during that season. Herostones will be given as reward at the end of each season. High ranking players will directly receive HERCO.
      4. 5-4. HERCO Refining Method
        • The refining ratio between HeroStone and HERCO is decided by the algorithm based on [4. HERCO - Herostone Exchange].
        • Players must use the in-game Refinery to refine Herostones into HERCO.
        • Also, in order to prevent infinite refining of Herostones into HERCO, which may have negative effects on the economy, the following limitations have been applied.
          • Players must have played the game to a certain extent after the season resets in order to be able to refine Herostones into HERCO.
          • As it is inevitable to use Herostones to play the game to a certain extent, this will be a measure taken to prevent unused Herostones from piling up and possibly causing unlimited refining of HERCO.