The post Port Royal—The Gamified Auction Platform on TON’s Network appeared first on Coinpedia Fintech News
Port Royal is a free-to-play (F2P) skill-based auction game offering real prizes to players. It combines strategic bidding and resource management to create a sustainable and lucrative gaming experience. It uses the Highest Unique Bid Auction System where the highest unmatched bid wins the auction. And the maximum bid is considerably lower than the item’s value and increases user engagement by almost 200%.
Unlike most auction-based games, Port Royal prioritizes transparency and fair play. The game is riddled with clear and straightforward mechanics, palpable odds, and ethical considerations. Success depends mainly on strategic bidding, finding the perfect time, and a comprehensive understanding of the auction dynamics.
Port Royal is launching on the TON network as it is currently one of the fastest-growing blockchains in the space. With 77+ million Web3 accounts, 18+ million wallets, 10+ million daily transactions, 160K daily wallet activation, and $30 million in daily volume, the TON network is the right platform for this auction-based game as it will piggyback on it to build a community of dedicated users. Port Royal is currently in the beta phase where gamers can join and win loads of prizes. It is scheduled to launch in November 2024 followed by a token launch in Q1 of 2025.
Core Components of Port Royal
As one of the first auction-based games on the TON network, Port Royal introduces a ton of key features that set it aside from existing platforms. A dual economy is one of such key components. The skill-based auction game enables a seamless transition between F2P and premium experiences, allowing gamers to either play for free or with gems. Player vs player (PvP) challenges are also available on Port Royal; players can compete with friends on an auction.
A multiple-level rewards system is another distinct feature of this TON-based game. Players can increase their social circle to win more prizes and gain more edge. Level up, unlock new features, and access higher-tier auctions. Achievement badges and leaderboards are also a part of this game.
Port Royal offers Auction-as-a-Service (AaaS)–a remarkably distinguishing component that allows partners to create their auctions, albeit for a fee.
Port Royal Business Model
In-game purchases: Players can buy gems, energy levels, etc. on Port Royal to stand a chance to win real prizes. There is also a levelling system for playing in the F2P area. Premium auctions: bids are made through gems which can be bought in-game or earned on a limited basis. Auction-as-a-Service: partners can create bids on this TON-based platform for a usage fee which is yet to be set by the team.Project Roadmap
The Port Royal team has outlined an ambitious but feasible roadmap that would kick off with Telegram app design, game economy, airdrops & rewards system, and an MVP launch. The game is currently in its beta phase and is scheduled to launch in November 2024 followed by a token launch set for Q1 of 2025, follow the team’s X to keep up with the news.
