We're pleased to announce our first excavate ecosystem project - Taxi Gaming (website link - https://taxigaming.com)
Taxi Gaming is a play to earn passive strategy NFT game which rewards people in $EUSD, the BUSD pegged stable coin from Excavate Finance. Players can buy and stake Taxi and City NFTs to earn $CityGold, the native token of Taxi Gaming. $CityGold in turn can be converted to $EUSD. Taxi gaming features 2 kinds of gameplays - Be a Taxi NFT Owner or a Land NFT Owner (Or both).
Taxi NFTs earn by staking Taxi NFT into a City Land NFT to get daily rewards in $CityGold. City gold can then be converted into $EUSD using a dynamic conversion rate based on the demand and supply of $EUSD/$CityGold.
- 1.Stake your Taxi NFT to any public City NFT that is at a higher level. The higher the level, the more you earn.
- 2.Stake to a City NFT that has the least Taxis. Get more rides due to low competition and maximise your earnings.
- 3.Level up fast. More the levels higher the reward. Get up to 100X rewards when you're at the highest level.
- 4.Taxi NFTs have battle mechanics in them. Since there are finite spots per level (There's only 2 possible taxis that can be at max level 11) the taxi NFTs have to battle taxis of a higher level to bring their level down before they can upgrade.
- 5.Defend against any attack. As you reach higher levels, give equal importance to defending your level. The higher the level, the more enemies you make, so forming guilds to coordinate and strategically defend would help retain your taxi level.
- 6.Move to another City that offers more rewards by roads that connect cities.
- 7.Teleport to another city by paying a fee.
- 8.Choose Cities that charge the least tax.
City NFTs earn by staking onto the game to get daily rewards in $CityGold. City gold can then be converted into $EUSD using a dynamic conversion rate based on the demand and supply of $EUSD/$CityGold.
- 1.Stake the City Land NFT. Only NFTs staked earns $CityGold.
- 2.Expand the city with level upgrade so that you can get more daily rides. More ride = More rewards.
- 3.Attract more Taxi with reduced Tax rate. The default Tax rate is 50%.
- 4.Defend against any attack. As you reach higher levels, give equal importance to defending your level.
- 5.Attack another City at a higher level to steal their level.
- 6.Build Road to another City which is crowded or trapped with High Tax and invite them to drive to your City freely.
- 7.Advertise and form communities of your own to maximize your city's taxi population.
- 1.1 Taxi NFT = 100 EUSD
- 2.1 City NFT = 500 EUSD
Taxi Gaming's development is fully complete and is scheduled to launch on Oct 15th.
- 1.In-game upgrades consume $EUSD. This makes decreases the circulating supply of $EUSD, makes it a valuable commodity and increases the buy pressure. This will help maintain the $EUSD peg.
- 2.Hyper competitive taxi and city battle mechanics continuously consumes $EUSD so that $EUSD has utility and adds a massive buy pressure.
Where does the $EUSD rewards that Taxi Gaming will give out come from?
Ecosystem projects have a total allocation of 10% of the miner supply vested to them over 6 months. Like any participant in the boardroom of EF, Taxi Gaming will also stake their grant allocation of Miner to generate EUSD that they can give out as rewards to its players.
When Can I buy NFTs?
NFTs will be available to mint later next month.