ArmzLegends: Play-to-Earn NFT Game and PROT Token

What is ArmzLegends

Friends, imagine stepping into a universe filled with fantastical creatures called “Armz.” ArmzLegends is a blockchain game that gives you the chance to own these unique “Armz” characters and lead them to challenge powerful enemies. Simply put, it’s a Play-to-Earn (P2E) game, which means you not only enjoy the fun of playing, but also have the opportunity to earn cryptocurrency rewards as you play.

This game runs on the Binance Smart Chain (BSC), which you can think of as an efficient, low-cost digital playground.

Core Gameplay:

• Recruit Armz: You need to recruit your own team of “Armz,” each of which is a unique non-fungible token (NFT). You can think of NFTs as one-of-a-kind digital collectibles on the blockchain, just like limited edition cards or figurines you collect in the real world, each with its own number and value.
• Participate in Battles: Your Armz will fight legendary enemies in the game.
• Win Rewards: Every victory earns you PROT tokens as in-game rewards.
• Upgrade and Strengthen: You can use PROT tokens to recruit more Armz or upgrade your existing Armz to make them stronger.

Typical User Flow:

1. You need to install a digital wallet browser extension called MetaMask and configure it to the Binance Smart Chain network.
2. Then, you need to have PROT tokens and BNB (the native token of Binance Smart Chain) to mint your Armz NFT. Minting is like creating a new digital asset.
3. Once you have Armz, you can start battling and earning PROT rewards.
4. You can choose to withdraw PROT, or continue investing in the game, such as upgrading Armz or participating in staking to earn more returns.

Project Vision and Value Proposition

The vision of ArmzLegends is to provide players with an enjoyable gaming experience and to build an active community around the game. Its core value proposition is that players can not only enjoy the fun of gaming, but also gain real economic benefits through the game. The developers aim to create a Play-to-Earn game they themselves would want to play, so everyone can benefit.

Unlike traditional games, ArmzLegends uses blockchain technology to let players truly own in-game assets (i.e., Armz NFTs), which can be traded on the market, rather than just belonging to the game company. It’s like in a traditional game, the rare gear you work hard to obtain is yours in-game, but you can’t sell it to other players for real-world money. In ArmzLegends, your Armz is your digital property.

Technical Features

The technical foundation of ArmzLegends revolves mainly around blockchain and NFTs:

• Binance Smart Chain (BSC): The game runs on BSC, a blockchain known for fast transaction speeds and low fees. This gives players a better experience when making in-game transactions (such as minting Armz, upgrading, withdrawing, etc.).
• Non-Fungible Tokens (NFTs): The “Armz” characters in the game are minted as NFTs using the ERC-721 standard. ERC-721 is a technical standard for creating NFTs on the Ethereum blockchain, but ArmzLegends applies it on BSC. This means each Armz is unique, with its own attributes and rarity.
• Armz Attributes: Each Armz has attributes like “Mana” and “Win rate,” which depend on its rarity. The higher the rarity, the higher the mana and win rate usually are. Mana determines how many times your Armz can battle each day.
• Upgrading and Rarity Enhancement: Players can consume PROT tokens to increase an Armz’s win rate, or use Armz of the same rarity to increase an Armz’s rarity. This is like a “synthesis” system in games, using lower-level materials to create higher-level items.
• Staking: ArmzLegends also introduces a staking mechanism, allowing players to lock up PROT tokens for a period of time to earn additional reward bonuses. Staking can be understood as saving your tokens to help the network run, while earning interest.
• Oracle: The game uses an oracle to convert USD prices to PROT token equivalents in real time, ensuring the cost of minting Armz remains stable and maintaining a healthy economic system. Oracles act as “information bridges” in the blockchain world, bringing off-chain data (like USD prices) onto the chain.

Tokenomics

The core token of the ArmzLegends project is PROT, and its economic model is designed to incentivize player participation and sustain the game ecosystem:

• Token Symbol: PROT
• Issuing Chain: Binance Smart Chain (BSC)
• Total Supply: 10,000,000 PROT (ten million)
• Current Circulating Supply: According to the project’s own data, the current circulating supply is 0 PROT, with a market valuation of $0. Note that this circulating supply data has not been verified by the CoinMarketCap team.
• Token Allocation: The project states that PROT tokens have no team allocation (0% team tokens), and 90% of tokens are used for game incentives. This means most tokens will be distributed to players through gameplay.
• Token Utility:
  • Recruit New Armz: Players need PROT and BNB to mint new Armz NFTs.
  • Upgrade Armz: Consuming PROT can increase an Armz’s win rate.
  • Staking Rewards: Players can stake PROT tokens and receive different levels of additional rewards based on the lock-up period. For example, staking for 1 month earns a 0.4% reward, and 3 months earns a 0.8% reward.
• Token Acquisition: Players earn PROT token rewards by winning battles in the game.
• Withdrawal Mechanism and Fees: Players can withdraw the PROT they win from the reward pool. However, there is an initial 30% withdrawal tax, which decreases by 2% per day until it reaches 0%. Each time a player withdraws PROT, the tax resets to 30%.

Team, Governance, and Funding

Regarding the ArmzLegends project team, public information currently shows that the team is composed of “passionate gamers” dedicated to providing a fun gaming experience and building a community. The project emphasizes its “0% team tokens” feature in its tokenomics, meaning no tokens are reserved for the team, and 90% are used for game incentives. This suggests the team’s incentives may come more from the success and growth of the game ecosystem.

However, details about the core team members, their backgrounds, the project’s governance mechanisms (e.g., whether decisions are made via DAO community voting), and specifics about treasury and operational funds (runway) are not clearly mentioned in current public information. The lack of these details makes it difficult for external observers to fully assess the project’s degree of decentralization and long-term operational stability.

Roadmap

In ArmzLegends’ official documentation (GitBook), a “Roadmap” section is mentioned, but this search did not yield specific details on historical milestones or future planning timelines. Typically, a project’s roadmap will list its development phases, feature releases, community events, and other key milestones to show the community its direction and progress.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and ArmzLegends is no exception. Here are some common risks to be aware of:

• Technical and Security Risks:
  • Smart Contract Risk: Although the project runs on Binance Smart Chain, the smart contract itself may have vulnerabilities. If the contract code is not thoroughly audited, it could be exploited by attackers, resulting in loss of funds.
  • Blockchain Network Risk: Binance Smart Chain itself may face issues like network congestion or security vulnerabilities, which can affect game operation and user experience.
• Economic Risks:
  • Token Price Volatility: The price of PROT tokens is affected by market supply and demand, overall crypto market sentiment, the number and activity of game players, and other factors, and may fluctuate sharply.
  • Sustainability of the Play-to-Earn Model: The P2E game’s economic model needs careful design to be sustainable long-term. If in-game token output is too high or consumption is insufficient, it may lead to token inflation and affect token value.
  • Withdrawal Tax: The game’s withdrawal tax mechanism (initially 30%, gradually decreasing, reset after withdrawal) may affect players’ expected returns and fund liquidity.
  • Unverified Circulating Supply: CoinMarketCap notes that PROT’s self-reported circulating supply is 0 and unverified. This means there may be uncertainty about the actual supply of the token, which could affect price discovery.
  • Uncertain Return on Investment (ROI): Although the game promises “Play-to-Earn,” actual ROI is affected by changes in the game’s economic model, token price volatility, game difficulty, and other factors, and cannot be guaranteed.
• Compliance and Operational Risks:
  • Regulatory Uncertainty: Global regulatory policies for cryptocurrencies and NFT games are still evolving, and future policy changes may impact project operations.
  • Community and Team Transparency: The lack of detailed team member information and governance mechanisms may cause the community to worry about the project’s long-term development and decision-making process.
  • Game Activity: If the game fails to attract and retain enough players, its economic ecosystem may be unsustainable, affecting token value and NFT liquidity.

Verification Checklist

• Block Explorer Contract Address: The contract address for the PROT token is
  0xd3c9...9e5f9d
  , which can be checked on BscScan. BscScan is the block explorer for Binance Smart Chain; you can think of it as a public ledger recording all on-chain transactions and token information.
• GitHub Activity: This search did not find ArmzLegends’ GitHub repository or its activity information. Usually, an active GitHub repository reflects the project’s development progress and transparency.
• Official Website: According to search results, the official website may be
  https://app.armzlegends.com/
  .
• Whitepaper/Official Documentation: Detailed project introduction and mechanisms can be found in its GitBook documentation, which is structured similarly to a whitepaper.

Project Summary

ArmzLegends is a Play-to-Earn NFT game running on Binance Smart Chain, with core gameplay involving players recruiting unique “Armz” NFT characters, battling to earn PROT token rewards, and using those tokens to further upgrade or recruit more Armz. The project aims to provide players with an enjoyable gaming experience and community participation, while offering opportunities for economic gain. Its tokenomics are distinctive, such as 0% team token allocation, 90% for game incentives, and a withdrawal tax mechanism.

Technically, the project leverages BSC’s efficiency, mints NFTs based on the ERC-721 standard, and introduces mechanisms like staking and oracles. However, public information on core team members, detailed roadmap, and governance mechanisms is relatively limited. Additionally, the circulating supply of PROT tokens has not been third-party verified, and the sustainability of the P2E game’s economic model, token price volatility, and withdrawal tax are all potential risk factors.

Overall, ArmzLegends offers a blockchain experience that combines gaming fun with potential economic returns. For those interested in P2E games and NFTs, it may be a project worth watching. But always remember, the cryptocurrency market is highly volatile, and investing carries risks—proceed with caution. Be sure to do your own thorough research and fully understand all potential risks before making any decisions. This is absolutely not investment advice.