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Mir4 (DRACO)

Mir4 (DRACO)

Mir4 is a play-to-earn blockchain MMORPG (massively multiplayer online role-playing game) which allows players to earn DRACO, its native cryptocurrency.[2]

Overview

[MIR4] Official Trailer: The Legend rising

[MIR4] Official Trailer: The Legend rising

Mir4 was developed by South Korea-based WeMade Entertainment and is a popular mobile, massively multiplayer online role-playing game (MMORPG). Since being released in Korea in November 2020, it has ranked first on numerous app stores’ most downloaded lists, such as those of Naver’s Onestore and Samsung’s Galaxy Store.

Its global edition was launched on August 26, 2021, including elements of play-to-earn cryptocurrencies and NFT (non-Fungible Token (NFT)) trading. Play-to-earn is the latest business model in the digital gaming industry, based on the concept of an open economy, which gives players that contribute to the game financial benefits.

MIR4's global edition was initially launched in 170 countries and in 12 languages, with an in-game chat translation function so users communicate with users in other countries.

In less than a week since the release, the number of global servers more than tripled, from 11 global servers to 38.

Also, the global game platform Steam ranked MIR4 23rd on its most-played list, with a peak of 22,208 concurrent players as of September 1, 2021.[4]

Gaming Experience

A glimpse of "MIR4" gameplay

A glimpse of "MIR4" gameplay

Introducing MIr4 gaming experience

Introducing MIr4 gaming experience

Wemade's MMORPG 'MIR4' has its first large-scale update. Additional content will be revealed, including the first global clan battle, Clan Challenge, and Solitude Training. On September 10, 2021, additional core content, Hidden Valley Capture, was released. The Hidden Valley Capture is a battle between different clans to control the source of the game's main resource, Darksteel. Darksteel can be smelted into the utility coin Draco and exchanged for the virtual asset Wemix tokens, which create a bridge between in-game resources and real assets. In addition, due to a rapid increase in the number of players, MIR4 added a new server region, South America.

Blockchain technology also allows the use of coins, DRACO, which can be exchanged for Darksteel, an essential resource used in MIR 4 and Non-Fungible Tokens (NFTs) that players can experience through the game's characters.

DRACO is a blockchain-based tradable asset that can be purchased or traded without the limitation of game servers, game worlds, or set boundaries between game and reality.

[MIR4] Hidden Valley Capture Gaming Exp

[MIR4] Hidden Valley Capture Gaming Exp

MIR 4 was first released in Korea in November 2020 and was immediately successful, ranking first in the download charts in major Korean app markets and ensuring a solid player base.

Mir4 has received positive feedback from global players regarding the exciting battle system between clans fighting for 'Valley', the main source of Darksteel.

MIR 4 successfully completed a Closed Beta Test, and Wemade launched DRACO currency teaser sites and character trading site NFTs.

Gaming Zones

There are about Five gaming zones already within the Mir4 ecosystem.

This includes:

  • ASIA

  • NA (North America)

  • EU (Europe)

  • SA (South America).[5]

Warriors Arts

Meditating

This is a martial art functionality that ensures that gamers draw the earth's energy to increase their Inner Force and Skill ranks.

Hunting

Warriors can obtain EXP and valuable crafting materials by defeating monsters through hunting art.

Gathering

Warriors can also gather herbs and plants within the gaming interface that will provide materials required to increase Constitution ranks

Mining

Mining is one key function that enables gamers to collate various ore and craft/enhance equipment.

Gaming Clans

Image
Mir4 NFT sample

Mir4 NFT sample

There are several clans that make up the MIR4 universe:

Warrior: A strong fighter who pulverizes enemies wielding a heavy broadsword as if it weighed nothing. Armed with tough armor and an unyielding will, this fighter always leads others into battle.

Sorcerer: Carrier of magic that destroys enemies with the power of the elements. Although very strong when fighting alone, it becomes much stronger when protected by allies.

Taoist: A seeker of truth who helps others with swordplay and spells. Her divine recovery ability allows her to overcome any difficulties along the way.

Lancer: A tyrant on the battlefield who suppresses enemies with a long spear. Armed with a variety of abilities that attack and defend simultaneously, he breaks the enemy's formation and kills the target at all costs.

NFT Platform

The Mir4 Non-Fungible Token (NFT) platform is launching this September 2021 with unique attributes such as minting and trading alongside its play feature. The South-Korean gamified ecosystem aims to be the World's first commercialized NFT of online games. [33]

Mir4 Game & Requirements

The Mir4 game is available for PC, Android, and IOS directly from the official MIR4 website.

On WeMade Global's YouTube channel, there's a walkthrough on how to download and install the game on PC.

Following these steps users will:

  • Download the installation file from PC.

  • Run the downloaded file.

  • After installation is complete, double click MIR4 PC – Launcher to run it.

On the MIR4 website, some installation requirements for PC and mobile devices are informed.

Minimum Specifications for PC

Mir4 PC installation guide

Mir4 PC installation guide

  • CPU – Intel Core – i5-5200U – 2,2 Hz

  • Memory – 4GB

  • Nvidia Graphics – GTX 650 / AMD Radeon 530

  • Operating system - Windows 8.1 / 64-bit

  • DirectX 11

  • Free Storage – 10GB

Tokenomics

[MIR4] Introducing DRACO

[MIR4] Introducing DRACO

Mir4 (DRACO) is the native and utility token of the Mir4 gaming ecosystem.

DRACO token allows users to move, store, trade, and buy in-game assets outside of the game.

According to WeMade Co, the creators of MIR4, DRACO is

“a coin with a new concept for freely trading, storing, selling and buying in-game assets outside of the game.

The coin's intrinsic value is guaranteed by the value of the resources derived from the game."

Although no seemingly declared total supply of the DRACO coin, the total number of DRACO coins that can be melted is also limited depending on the total emission capacity. Thus, a continuous minting of the coin via a process known as smelting. As of September 20, 2021, there is a total of 2,375,298 DRACO smelted from its Darksteel element.[21]

DarkSteel

Darksteel is an essential in-game resource of MIR4 that can easily be smelted into DRACO, hence allowing for it to be stored or traded outside the game.

Conversely, DRACO may be exchanged back into Darksteel to be used in-game as a gaming asset.

DarkSteel Smeltery

Draco Smeltery is the medium utilized for Smelting Darksteels into DRACO or exchanging DRACO for Darksteel.

Features of DRACO

The Mir4 $DRACO token has the following as its key properties:

Utility Coin

$DRACO serves as the ecosystem's utility token, offering users the right to exchange for the game’s essential resource; Darksteel.

Mobility Coin

$DRACO is a blockchain-based tradable asset that can be bought or exchanged without any limitation of game servers, game worlds, or boundaries set between game and reality.

Clear Intrinsic Value

DRACO possesses a clear purpose as a redeemable token to be exchanged for Darksteel, an essential resource in-game; thereby having an objective intrinsic value.

Sustaining Real Value

Mir4 Ecosystem seeks to maintain the ‘Real Value’ of the $DRACO coin, through an equity dividend-based bonus through the calculation of total cumulative Darksteel mined over time in order to protect against a decrease in the actual value caused by inflation within the game and compared to its initial design of the nominal value(exchangeable for 100,000 Darksteel).

Investment Value

DRACO maintains stable value by limiting its daily & total smelting volume and provides mid to long-term investment opportunities through MIR4's server additions and integration with other future games.

The demand for DRACO is expected to increase through the game’s overall success and the opening of new servers.

Furthermore, we have plans to incorporate DRACO into additional games in the future.

Smelting DRACO

Smelting Draco

Smelting Draco

Smelting is a key function with the $DRCAO tokenomics.

MIR 4(Global) users are able to Smelt Darksteel elements obtained in-game into $DRACO, quite similar to minting DRACO.

Smelting Fee

DRACO can be obtained through ‘Smelting’, a process of turning the total required number of Darksteel based on the day’s DERBY into DRACO.

The process also requires a fee of 1,000 Darksteel for each DRACO smelted.

Smelting Limit

A Total number of smeltable DRACO will be 1,000,000,000 coins, and the daily smelt limit for DRACO will be 1,000,000 coins.

Exchange for Darksteel

DRACO may be exchanged for Darksteel at any time within the game.

The amount of Darksteel redeemable per DRACO will be determined by the DERBY on the date of exchange.[20]

Mining DRACO

Darksteel is an in-game resource that can be obtained by mining or completing quests.

Players will literally have to mine this resource in dungeons and caves with a pickaxe.

The best part is that the mining aspect can be automated just by clicking on the “Auto” mode.

That way, users don't have to play the game or do anything - the AI will automatically do all of the Darksteel farming for you.

Users will need to level up to level 40 first before they can start mining Darksteel and enjoy the game's perks to earn any money.

Trading DRACO

Once users have successfully converted their Darksteel to DRACO, here's how to trade it in the market:

  • Go to the WEMIX portfolio

  • Access WEMIX DEX (decentralized exchange)

  • Place a sell order for DRACO to obtain WEMIX credit

  • Exchange the WEMIX CREDIT with the WEMIX token (1: 1 swap ratio plus minimal exchange fee)

  • Transfer WEMIX to listed exchanges (Bithumb or BiKi)

Currently, the WEMIX token is listed on the Bithumb exchange and the BIKI exchange.[30]

Company & Team

WeMade Entertainment Co Ltd. is the erudite gaming firm that launched the Mir4 (Draco) ecosystem[47].

The organization is dedicated to serving gamers with a portfolio of entertaining, high-quality PC and mobile games.

Name1Designation
Won SueEVP Global Business VP Operations
Seok OhTechnical Director
Yongchul KoArt Director
Eunji YangAssistant Manager
Gyuyoung LeeTechnical Project Manager
Ho SeoDepartment Manager
Hye-Jeong HanProject Manager / Mobile Games
Yunyoung ChoiMir4 Community Manager.[46]

References

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