Miracle Universe Whitepaper V1.0_3

Preface

If 2020 was the first year of the Decentralised Finance (DeFi) breakthrough, then 2021 is undoubtedly the beginning of the GameFi explosion — the new model of blockchain-based games.

Since 2021, with the continuous improving efficiency of high-performance competitive public chains, as well as the new breakthroughs in Layer 2 and cross-chain technologies, coupled with the continuous out-of-circle Non-Fungible Token (NFT) and the continuous enrichment of DeFi scenarios, 「Blockchain Games」 have gradually gained mainstream attention. While achieving exponential growth, blockchain games have accumulated rich experience for the development of the broad concept of 「Metaverse」 and have become an important driver for the blockchain industry.

Blockchain games, combining the concept of NFT and the 「Metaverse」, is the most innovative arena of the 「Blockchain+」. This is one of the few consensus between the blockchain industry and the gaming industry.

Newzoo, a game market research organization, has released a “Global Game Industry Market Research Report 2020”. This report points out that due to the impact of the Covid-19 and the strong promotion of next-generation consoles, the total global value of games in 2020 is expected to reach $159.3 billion, which is an increase of 9.3% year-on-year. Almost half of gaming revenue comes from China and the United States. In addition, it is predicted that the revenue will exceed $200 billion by the end of 2023.

The fledgling 「Blockchain + Game」 industry is still in the early stages of development from the perspective of the number of projects, the number of users, activity, total market value and market share. However, this situation is constantly changing. As of the third quarter of this year, the investment in the blockchain game market has exceeded $1 billion, a huge increase from $72 million in 2020.

In the past six months, Axie Infinity (a typical example of the new game economy model) not only made the Play-To-Earn (P2E) model an overnight success, but also allowed 「Blockchain Games」 to gain a foothold with the unique entry point of P2E, they haven’t been adopted by mainstream gamers as of yet.

On the basis of this P2E model, high-performance public chains represented by Solana and Fantom, and blockchain games represented by Immutable X have emerged one-by-one. It is acknowledged that the maturity of the Layer 2 solution is a further development of blockchain games. Development has removed many key obstacles for the further development of blockchain games.

Nevertheless, there are still many challenges in the current blockchain game industry, such as the simplicity and teething problems of some game models, the imperfection of business models and the stagnant growth of users. In addition, the ups and downs of token prices have a significant impact on the value and development of the project. The most prominent challenges are as follows…

1. Opposite rights and obligations between game developers and players.

Supply chain in the traditional gaming industry includes developers, publishers, distributors, game players and so on. However, their interests are in conflict in most cases.

Among them, developers are responsible for the production of the game and bear all the development responsibilities. If the game’s performance is ultimately lower than expected, it will cause the loss of users. Publishers and distributors are responsible for putting games on the shelves and promoting them, normally accounting for too much resource allocation in the entire game production and sales ecosystem.

In contrast, game players are a typical disadvantaged group. The core mechanism of the game is completely controlled by the game development team. They have delineated a clear boundary from the players and have absolute control, which allows them to take away any assets purchased or obtained by players through the game as they wish.

2. Lack of commitment on the rights of game players.

Traditional centralised game service providers can hardly avoid harming the interests of general game players due to their own interests or vulnerabilities in centralised servers, such as data leakage, rule changes, account closures, freezing of props and equipment and so on.

When a catastrophic event like this occurs, there is the possibility of loss of in-game assets that players have spent time and, in some cases, money on. Failure to recover the gameplay in time leads to reputational damage to the game developer from the disgruntled users.

3. Poor architecture performance and low development flexibility.

At present, the mainstream blockchain game model is relatively simple. The reason is that a good user experience requires feedback in seconds or even milliseconds. The current blockchain technology, however, cannot support what it needs to handle tens of millions of daily activities and a large number of concurrent system processing. Besides that, the existing blockchain infrastructure lacks functions and services adapted to the game industry. Almost all the system components, collaborative processing module customization functions, and system interfaces required by game developers need to be built by themselves, which is time-consuming and labour-intensive, and lacks a unified standard.

4. Lack of infrastructure for resource integration and interconnection.

Similar to Flow’s NFT sector, Terra’s DeFi sector, and other 「Blockchain+」 subdivisions, they are gradually forming their own ecosystems, and further exerting greater synergy value through the interconnection of assets.

Lack of interoperability is the main problem of current blockchain games. Whether it is the classic game CryptoKitties or the new generation Axie Infinity, it is a segmented self-generating system. Therefore, cross-game asset circulation and transactions are even more insurmountable obstacles than traditional internet games. This means that value cannot be exchanged smoothly, and the sunk costs for gamers are extremely high.

In the background of the natural integration of the concept of 「Metaverse」 and the blockchain, different blockchain games will combine with their own communities to form a unique 「Metaverse」. This raises the question of how to integrate resources under a unified infrastructure and standardised protocol, so that different assets can be traded with each other, and even games can be interconnected. This will undoubtedly leave the blockchain games a bigger space for the imagination.

The public chain era of blockchain games is coming

As the most typical example of the new game business model, the blockchain game Axie Infinity has made the P2E model widely known. In Axie Infinity, millions of game players command their Axie monsters to win battles, complete daily quests, “breed” new Axie NFTs, and sell them to other players for profit.

Axie Infinity’s daily revenue has surpassed the Arena Of Valor to become the world’s most profitable game. According to the statistics of Sensor Tower, a mobile application data analysis company, the revenue of Arena Of Valor reached $1.5 billion in the first half of this year, with an average daily revenue of $840,000. However, the average daily revenue of Axie Infinity is more than twice that of Arena Of Valor in July.

We are not just getting a glimpse of how blockchain is changing the world. It is coming to us faster than ever. Looking forward to the development of blockchain in the future, the game public chain project is considered to be the core infrastructure for blockchain games to move towards scale.

Abstract

Miracle Universe is committed to providing relevant core components required for chain game development as a dedicated public chain serving blockchain games. It builds the infrastructure required for the iterative development of chain games, and provides developers and game players with brand-new game solutions, so that chain game project parties can use them efficiently, flexibly, and with low barriers. Eventually, a unified standard for large chain games and metaverse ecology could be realised.

Miracle Universe establishes a brand-new game development and operation mode from three perspectives. This is mainly supported by numerous powerful traditional game companies, backed up by their mature technology and huge traffic.

1. From a performance perspective, it supports more complex games.

2. From a functional perspective, it reduces the difficulty of developing blockchain games.

3. From an ecological perspective, it creates an interconnected 「Chain Game Metaverse」.

Miracle Universe ultimately aims to form a new game distribution model based on blockchain, create a new game experience and ecology, and provide strong support for the future blockchain game world, including new infrastructure, standard protocols, economic systems and organizational form. It even realises a cross-game free trading system for different games and corresponding game assets (props, equipment, characters), completely innovates the segmentation of the existing game system, and creates a freely interconnected, highly interoperable large chain game or metaverse ecology.

Miracle Universe’s Future Vision

Miracle Universe, backed by many traditional game firms and built on a wide range of powerful traditional games and traffic, completes the conversion of game systems and assets into on-chain products, creates new business opportunities for game developers, and combines decentralised and socialised communication of science & technology to create a whole new world for the blockchain game distribution platform.

Miracle Universe can provide blockchain games with ecological services, such as Token issuance, game virtual asset trading, game user chain derivative value-added services, and build the infrastructure of the blockchain game industry, At the same time, it is also the infrastructure of the future metaverse,ultimately creating free and safe game asset issuance, exchange and circulation.

1. Community: the establishment of consensus

In blockchain games, conflicts between game players, developers and other parties are rooted in the fact that the two parties are on opposite sides. On the one hand, game players want to earn game assets and gaming pleasure through the use of their own skills. On the other hand, developers try to squeeze the value of users by modifying game mechanisms and adjusting parameters.

Different interests are naturally destined to be a zero-sum game. However, in Miracle Universe, the entire ecological unified governance token MU is used as the hub to bind the interests of developers, game players, and the community together. As a result, to achieve asset exchange and community co-construction, everyone will be more active in safeguarding the interests of the absolute majority for common interests.

In this new production relationship, the blockchain game company is no longer a single centralised one. MU has played a modulatory role in the selection of high-quality games, the source of initial players, the distribution of game profits, and the circulation of NFT props.

2. Game players: the opportunity of governance

Players who have obtained game governance tokens can share their suggestions for game improvement or scalability design with other players in the community, and upgrade and improve the game through voting to realise a better gaming experience.

As long as the vote is successful, every player in the blockchain game will have the opportunity to participate in the improvement and upgrade of the game through Decentralised Autonomous Organisation (DAO) governance, which also ensures high interaction and high stickiness between the player and the game.

3. Game developers: the diversity of game designing

Miracle Universe encourages game developers to integrate NFT into games, allowing developers to design more blockchain games.

4. Asset interoperability: the embodiment of blockchain value

Traditional games provide players with the ability to earn or purchase in-game items, but these items are almost always trapped in the user’s account. In the game, ownership always belongs to the operator, and players cannot treat it as private property. Moreover, the verification information of the items obtained by the player in any game can only be valid in that game, and its value cannot be circulated between different games.

However, with the help of the built-in NFT protocol, Miracle Universe enables digital assets in different games developed and issued based on Miracle Universe to obtain brand-new, unique and irreplaceable images and capabilities in Miracle Universe. Therefore the corresponding non-homogeneous modified game assets have become a new way to increase traffic and have more intrinsic value.

At the same time, Miracle Universe takes the advantage of the form of NFT to create liquidity for the prop assets in the game, which further explores its hidden socialisation and financialisation. This not only broadens the channels for game players to turn game assets into cash, but also effectively solves the problem of game asset ownership in traditional games, and can even form a consensus mechanism for individual game assets (props, characters, equipment).

In the Miracle Universe, the cryptocurrencies and props obtained from any game can be continued and coherent. Game players will be able to use, spend or trade them freely in any game. This ensures that everyone’s game assets can maintain their vitality under the promotion of liquidity, and are no longer tied to the survival of the centralised game platform, but only related to personal contributions.

5. On-chain storage: the absolute safety of asset

The development of decentralised blockchain games has gone through three stages:

1) Game tokens are issued on the chain.

2) Assets such as game equipment and props are confirmed by issuing NFT tokens on the chain.

3) The internal logic and core mechanism of the game are released on the chain.

Miracle Universe realises the on-chain storage of all material game information (tokens, assets, core mechanisms) via the integration with decentralised storage networks such as InterPlanetary File System (IPFS). This will fundamentally enable game tokens, core data, and mechanisms to be stored on the blockchain, realising complete transparency and trustworthiness of the game, and reducing various contradictions and conflicts caused by the inequality of rights between operators and players.

In the Miracle Universe, once the game prop assets are released on the chain, the operations of transfer, splitting, and withdrawal are strictly controlled by the public and private keys of the account, ensuring the safety of the user’s game property to the greatest extent.

This also means that Miracle Universe has realised that the ownership of all digital assets in blockchain games fully belong to users. Each game player invests time to obtain valuable props, equipment, characters and other game assets. The ownership of these assets will no longer be affected by the operator’s improper behaviour, such as shutting down servers and tampering with data privately. Therefore, gamers will get a stronger sense of participation when playing games.

As for the game assets such as the props on the blockchain, they will be digital assets created entirely online and cannot be copied to other networks. They exist in the form of NFT with the attributes of visualisation and uniqueness.

Miracle Universe’s Solution

Miracle Universe makes it easy to decentralise for game projects. The establishment of accounts, wallets, transaction management, predictions, and achievements help traditional game projects quickly switch to the field of blockchain. This provides game developers with a set of handy tools, which enable players and developers to experience the joy of creativity. By providing a powerful and relatively easy-to-use editor, they can build their own game world like Lego blocks.

1. System design

Miracle Universe has a complete developer account system. Based on the decentralised trading system, an economic system has been constructed to provide game companies with a convenient and efficient entrance to the issuance of digital assets. In addition, it also provides a number of services such as a game application creation system, a developer incentive system, as well as game asset transactions, game interactive halls and so on, in order to build a new game industry ecology.

After developers create a game ID on the main chain, they will get the corresponding game sub-chain. Miracle Universe then provides a series of Software Development Kit (SDK) for developers to quickly develop blockchain games. The SDK mainly includes functions such as a user wallet, blockchain browser interface, sub-chain authentication signature, and anti-cheating module.

The user wallet mainly provides users with functions such as account creation, transfer, and query, while the blockchain browser allows users to review all the data on the sub-chain in a graphical manner. The sub-chain authentication signature and anti-cheating system provide perfect protection for the security of users’ assets.

Therefore, Miracle Universe is no longer just a simple blockchain game development and distribution platform, but a blockchain game ecosystem based on new blockchain infrastructure and standard protocols with unlimited Lego-like modularity. A massive 「Miracle Universe Chain Game」 is being gradually shaped.

Based on the above high-availability expansion performance, it has the following characteristics:

1) Fully decentralised high performance and high concurrency.

Miracle Universe meets the needs of high performance and high concurrency in a fully decentralised environment, while helping blockchain games get rid of the challenge of Transactions Per Second (TPS), and allows developers to focus on the improvement of game quality.

The data interaction methods provided mainly include JavaScript interface and local Dynamic Link Library (DLL). The main connection methods are WebSocket and HTTPS. The functional interface for data interaction includes two categories, which are Database API and AccountHistory API. Functions such as user registration, user information, user asset operations, and user game data operations can all be completed through these types of interface.

2) Completely on-chain stored data.

Unlike most blockchain games with partially on-chain game assets or information, Miracle Universe can store all game data completely on-chain through mainstream decentralised storage network interfaces such as built-in IPFS on the underlying architecture. This guarantees the complete safety, immutability and ownership of game equipment, props and other assets.

In order to protect the legitimate rights and interests of users in the game, each user’s game activities will be recorded in the distributed storage network provider. Users can check their own game activities and the history of each asset transaction on their personal homepage at any time. These data are completely confidential through the encryption system, only the players themselves can view it through the “private key — asymmetric encryption algorithm” to ensure that the player’s behaviour on the platform will have a complete, comprehensive and absolutely secure record.

3) “Pluggable” accessed modular development components.

By providing modular and standardized development components, Miracle Universe creates a rich and convenient SDK and high-performance, expandable game development protocols. This forms a comprehensive blockchain game infrastructure and integrated development solutions that can meet the needs for rapid construction and iteration, like traditional internet games.

The SDK mainly includes three parts, which are internal SDK, external SDK and player SDK. They can help developers achieve rapid game development, community building and seamless game player connections.

For traditional game developers, they can continue to use mature external SDK, player SDK and other development tools, without the need to learn any blockchain-related professional development knowledge or make huge technical changes. Based on their existing game development experience, they can easily implement “chain reforms” to existing traditional games and transplant them to Miracle Universe. The corresponding game players from “private traffic” can also easily access the Miracle Universe network.

This allows centralised game projects to be easily decentralised, and the establishment of account, wallet, transaction management, prediction, achievement and other functions can be quickly switched to the field of blockchain. This saves developers from re-education on the technical level, and helps them adapt to the new environment in a relatively short period of time. It is also conducive to the one-click migration of high-quality star projects in traditional games, and realises a win-win project ecology. Similarly, other fresh blockchain games also can rely on this ecology to quickly migrate to major main chains. Not only does it significantly reduce the cost of transplantation, it also provides a series of components, such as bounty quests and game friends, to help developers focus on the game development itself without worrying about operations and community infrastructure.

4) Lego-ised infrastructure services

The core components of Miracle Universe are “bottomised” and “Lego-ised”, which can be used directly by all players and developers with creative ideas, and can be diversified according to different scenarios.

Any players and developers with ideas can participate in the creation process. Not only is the sense of accomplishment bursting, but if the game created by the individual is good enough, countless players will enter your game with their existing digital assets, allowing the individual to make profits, so as to achieve a win-win and fluid situation between creators and players.

This is very similar to realising everyone’s “Lego game dream”, building your own game world. Using powerful and relatively easy-to-use editors to build your own game world just like building with Lego blocks.

2. Technology architecture

The entire Miracle Universe system is divided into two parts, the underlying infrastructure and the application layer.

The underlying infrastructure is the most basic technical architecture that allows Miracle Universe to provide blockchain services and trusted transaction protocols. It consists of a basic layer, a core layer, a management layer, and an interface layer. It not only has the characteristics of a general public chain, but also a unique economic model.

The application layer directly connects game players and game developers. It provides high-availability and high-performance response support for complex real-time games by accessing the underlying infrastructure, so as to meet the processing requirements of all types of games.

2.1 Basic layer

The basic layer of Miracle Universe is a decentralised platform composed of multiple high-performance nodes, integrating game, asset issuance and circulation channels. The source code of the system has been open-source on Gitlub to ensure the transparency, security and reliability of the underlying system. At the same time, it also implements a faster and smaller go-amino codec, a basic database LevelDB, a encryption and decryption algorithm library, and a robust AVL+ Tree storage.

1) Redundancy Distributed Storage Network (RDSN)

After removing the control of centralised game operators, Miracle Universe ensures that the value benefits of the game’s characters, props, equipment, and virtual assets are given to the players.

In order to guarantee the absolute safe storage and efficient use of data in the entire Miracle Universe network, Miracle Universe applies the KAD algorithm, P2P network, TCP protocol and other technologies to build an RDSN architecture. RDSN avoids the centralised data storage model of traditional game service operators. Therefore, even if developers run away, the value and assets held by players will not disappear, but can be permanently stored on the chain.

In the Miracle Universe network, large static data files such as game download packages and patches will be divided into fixed-size data blocks (each block is not larger than 4MB). After the data is divided into blocks, they will be distributed and stored in each resource node in an encrypted form through the Data Encryption protocol. The P2P network can help fast resource synchronization.

2.2 Core layer

The core layer of Miracle Universe consists of three parts; distributed ledger (Native Sharding), consensus engine (SH-DPoS Consensus Algorithm) and Cross-chain IBC protocol (fully decentralised cross-chain system based on DCRM).

1) Native Sharding

Miracle Universe was originally designed as a sharding network, that is, a global system where users, enterprises, and infrastructure providers are interconnected. Sharding splits the entire Miracle Universe network into small partitions, which enables the system to be applied to different application scenarios.

Miracle Universe blockchain also allows every game project party to build private shards. This kind of private shards can be easily connected to the public chain, which means that each game project party can independently form a sharding Metaverse. In this way, resources can be called independently and high TPS can be achieved to meet the needs of different game scenes.

These private sharding Metaverse can be seamlessly set to be public or private, and the security is guaranteed by the Miracle Universe mainnet.

2) SH-DPoS Consensus Algorithm

The core layer is the core business of the underlying infrastructure of Miracle Universe, while the consensus advantage of SH-DPoS is the key and foundation for its differentiated competition.

The optimised and enhanced SH-DPoS (Self-Healing DPoS) consensus algorithm inherits the power of the traditional DPoS algorithm, but it also inherits its inefficiency (million-level TPS game public chain service). However, it has increased self-healing properties compared to traditional algorithms, assuring efficient error correction, fast delivery and strict protection.

Therefore, SH-DPoS not only provides guarantee for the architecture of the Miracle Universe game public chain, but also lays the foundation of the underlying code for the infinite possibilities of continuous upgrade and evolution.

3) DCRM-based decentralised cross-chain IBC design

IBC is the abbreviation of Inter-Blockchain Communication Protocol. Using IBC protocol to exchange data packets, data and status information can be transferred between multiple blockchain networks. Assets traded in Miracle Universe can be replaced with other tokens via IBC.

DCRM is a distributed cross-chain and cross-layer communication technology that has stood the test of time and market. It is widely adopted by mainstream cross-chain applications such as Binance Bridge and Anyswap. The built-in integration of the Miracle Universe underlying infrastructure can ensure that blockchain games can seamlessly and safely realise the transaction and transfer of various encrypted assets (props, characters, equipment, etc.) on the Miracle Universe blockchain.

DCRM builds a bridge between blockchains to realise distributed, efficient, and secure interoperable solutions. It uses the decentralised encryption form of the Threshold Signature Scheme (TSS) to perform the underlying Multi-Party Computation (MPC). TSS allows multiple parties to jointly generate keys and signatures. So, no single party can obtain the complete key. The signature can only be passed with the approval of the other parties. This can guarantee the complete security of the core layer of Miracle Universe from a technical perspective.

2.3 Management layer

The entire management layer of Miracle Universe is designed with a plug-in model, which can be plugged and unplugged during the implementation. The verification module is the basic module, which provides verification functions for other modules.

The staking module and the consensus module work together to realise the SH-DPoS consensus. The incentive module uses reward and punishment mechanisms to promote node verification. The on-chain governance module and parameter management module together realise the continuous iteration of the entire ecosystem.

2.4 Interface layer

1) “JAVA and GO” dual language SDK

The Miracle Universe interface layer helps the blockchain to communicate with the outside world. The system provides two interfaces of WebSocket protocol and RPC protocol for external calls. It also provides SDKs in two languages (JAVA, GO) to help game developers interact with the underlying chain more easily.

2) FPGA hardware acceleration + Layer 2

The Miracle Universe platform combines FPGA hardware acceleration with Layer 2 expansion, to realise the peak of transaction matching rate at millions of transactions per second and the peak of transaction order processing rate at 500,000+ transactions per second.

Based on the Event callback mechanism in Python, the same order information as on the chain is stored on the network server. Users of the Miracle Game platform can directly receive push from the network server. It is able to accommodate data queries of 10,000 transactions per second.

2.5 Application layer

The application layer serves as the Miracle Universe ecological entrance, providing off-chain services and applications such as wallet (Miracle Wallet), development platform (Miracle Open), product engine (Miracle Game), and matching engine (Miracle Push). It aims to connect Miracle Universe, games Developers and game project parties and introduce more third-party values into the ecosystem, so that the Miracle Universe ecological cycle system can finally form a constant and stable expansion internally and externally.

Specifically, the underlying infrastructure (base layer, core layer, management layer, interface layer) of Miracle Universe blockchain has the advantages of collaborative technology such as tree structure storage algorithm, native sharding, DCRM cross-chain IBC design, etc., which attracts more and more game developers and gamers who have migrated to the Miracle Universe world to settle down.

Game developers can use MU as one of the product marketing strategies to obtain massive player traffic on the chain. All kinds of virtual assets generated by game players in the game can also be circulated in the form of MU, including cross-chain and cross-layer quick transfer. Their interaction and behaviour can generate considerable value (Miracle Open, Miracle Game). With MU as the carrier, the Miracle Universe trading system (Miracle Wallet, Miracle Push) continues to create circulation and increase value. As a result, with the expansion of the ecosystem, the constant total amount of MU will continue to gain value and promote the sustainable development of the ecosystem. This enables deep interaction between on-chain and off-chain, breaking the closed dissipative structure.

3. Products and services

1) Miracle Open — Developer platform

Backed by Miracle Universe Chain, powerful functions enabled by the blockchain technology will turn innovative business customisation into reality, thus offering new business opportunities to game developers and setting the industry’s golden rules. Miracle Open will provide a whole set of efficient services to more third-party chain game developers.

Miracle Open will help developers provide game players with a unique, complete, and secure account system. Each player will be assigned a unique digital identity and wallet. Only with this one identity can everyone enjoy the services of the entire platform. In order to ensure the security of user accounts, the encrypted private key and verification will be used to ensure the security of the account in different usage environments. Miracle Open will provide comprehensive protection for the digital assets of each account.

2) Miracle DEX

Miracle DEX is a completely decentralised trading platform through Automated Market Maker (AMM). Miracle DEX puts orders on the chain, and users can create and cancel orders by themselves. The gas fees incurred by users for transactions between trading pairs are very cheap, and they no longer rely on centralised transaction services. Miracle DEX provides users with stronger privacy, security and control.

3) Miracle Factory

Miracle Game is the first epoch-making hero and metaverse themed war education strategy game going live on the Miracle Universe platform. It is developed by the Montgomery Singman team. All heroes and props available in the game are NFT, making it possible that the players hold ownership of the game assets, and the assets can be circulated globally.

Miracle Factory is a game factory based on the Miracle Universe. All the games in the Miracle Universe ecosystem can be flexibly split according to different modules such as gameplay, design, assets, and props. Not only can the assets be exchanged with each other, but also similar game modes can be directly modularised.

In other words, all games in the Miracle Universe ecosystem represented by Miracle Universe can become a key component of Miracle Factory. Developers can freely choose the appropriate on-chain NFT assets, gameplay design and other modules as the content components of their games. Not only achieves the “win-win” between the original game creator and the new game content, it also greatly improves the output and iteration speed of the new game, laying the foundation for the entire Miracle Universe chain game ecology and the “Miracle Metaverse”.

In this process, the Miracle Universe Chain system executes smart contracts on public blockchains. These contracts execute code blocks guaranteed by contracts on the BSC (to be deployed on self-owned public blockchains at a later time) blockchain in a distributed and non-tamperable manner, allowing every Miracle Universe game user to complete NFT creation and earn fair profits in a safe and effective way. As a result, provide underlying technical support for Miracle Factory game factory.

Where transactions take place on the Miracle Universe game platform, the assets placed under contract guarantee are guaranteed by smart contract custody. The contracts are deployed on the BSC network, and represented in an auditable code format. Its certainty assures high transparency of the Miracle Universe platform.

4) Miracle NFT market

Miracle NFT Market is an easy-to-use NFT encrypted asset creation tool. Content creators can use their creativity to create various NFT works, which can be directly traded on the chain or used by other Dapps. Miracle NFT Market focuses on low entry barriers, ease of use and other features, and strives to enable non-artists to create their own NFT assets.

5) Miracle Wallet — Asset wallet

Miracle Wallet is an LBS-based decentralised wallet product, supports multiple underlying token systems and is positioned as a decentralised multi-chain wallet. For the time being, Miracle Wallet focuses on asset management and exchange, NFT trading, and creating an application ecology along the whole game chain.

Miracle Wallet upholds the doctrine of blockchain and provides users with a decentralised digital asset storage solution. The key to the wallet and the address and private key information of all types of currency are stored in the users’ local system. Meanwhile, Miracle Wallet offers an easy-to-use key backup solution. Users only need to do backup once, write down 12 mnemonic words and save them to a safe place. Even if new types of digital assets are added subsequently, all types of cryptocurrency assets can be restored with those 12 mnemonic words backed up earlier on. While giving the key to the wallet in the hands of the users, Miracle Wallet offers multi-signature technology and two-step authorisation & authentication for digital asset management of varying sizes, to protect the users’ digital assets.

​​6) Miracle Push — Trading

Miracle Push is a cost-effective trading pattern invented by the platform. After the seller initiates a transaction by PUSH with a price, the buyer chooses to accept the transaction. Then the object traded is moved from the seller’s account to the buyer’s account, while the seller receives payment from the buyer. This pattern is safe and easy, and realises “cash on delivery” in a real sense. It can not only guarantee safety for both parties, but also reduce the handling charges to the minimum or even zero. Moreover, the operation is easy and quick, and a transaction can be closed with ease within minutes.

Miracle Wallet provides its users with simple, quick and safe exchange transactions and information & social services via the unique Miracle-Coin exchange network, plus compatibility with all API services embodied in the MiraclePush system. In the Miracle Push application, you may pick up a service charge treasure box created by a transaction done by a user nearby via Miracle Push. By opening the treasure box, you have a chance to win NFT hero limited edition and governance tokens of varying amounts, and increase the credit-worthiness value of the corresponding user.

In this process, the matching engine establishes a transparent trading quotation center for users. It makes reference pricing and recent average prices for data of different quality to ensure open and transparent pricing reference during data transactions.

The trading of each item in a blockchain game can be completed entirely on the chain without an intermediary. For example, a player can purchase tokens for a specific item from Game A or Game B. These tokens can either be held in the current game or either sold in another game. With the increasing economic activities of players in the virtual space, the Miracle Universe ecosystem will also produce a new virtual economic system.

Token Economic Model

As the top-level governance token on the Miracle Universe network, MU tokens have ubiquitous characteristics in all parts of the entire ecosystem. It is the most essential “bridge asset” in the entire network, giving MU the ability to capture maximum ecological value.

In addition, the analogy is Cosmos to Terra, Band and a series of application blockchains based on the Tendermint consensus of Cosmos SDK. The Miracle Universe platform is the parent ecosystem, and each blockchain game under it is equivalent to a sub-ecology that adopts the same development standard and has ecological synergy. The MU that provides this standard and development infrastructure can similarly capture the value.

MU & MG -「Dual Token」 system

Miracle Universe builds an open value ecological platform through the 「Dual Token」system of MU (governance token) and MG (sub-token), integrating conversion platform, trading platform, and game platform all together, which enables participant’s interests to be obtained transparently from the application of the ecological platform.

1. MU — Governance token

MU is the 「governance token」 of Miracle Universe, with a total issuance of 3.36 billion.

Participants in the subscription: Only intended for specific overseas participants (users other than those in mainland China, the U.S. or other restricted regions).

2. MG — Sub-token

MG (Miracle Game Token) is the 「Sub-token」 of Miracle Universe, and there is no upper limit on the total issuance.

What MG means to MU is as similar as SLP to AXS in Axie Infinity. SLP, a kind of uncapped child token of AXS, can be used to breed pets in that game. The same goes for MG in Miracle Universe. It is a utility token that can actually circulate within the game and has practical application value in the micro-platform circulation system. However, as the governance token of the platform, MU helps game developers and game players participate in governance at the macro level of the entire Miracle Universe ecosystem.

In order to accelerate the market value of Miracle Universe’s commercial applications, game players can generate MG from ecological games and exchange them for MU, thereby allowing players to achieve 「Play to Earn」 through the 「Dual Token」 system, and connect the virtual game worlds seamlessly.

Governance value and application scenarios

MU plays a vital role in Miracle Universe’s on-chain and off-chain governance, and is used to promote game players and game developers to participate in more effective governance on a larger scale.

Only platform coins built on application value have substantial value. Therefore, application scenario construction is the key to perfecting the value dimension of platform coins. At present, Miracle Universe has built an open blockchain value ecological platform. All participants can obtain open and transparent rights and interests from the platform’s ecological applications.

So far, MU as a governance token can be circulated and used in a variety of scenarios, including but not limited to:

1. Service charges incurred by OTC trading guarantee and transfer.

2. Punitive consumption arising from violations of the rules by users enrolled in the wallet and the OTC trading platform.

3. Consumption arising from involvement in DAO governance and exercise of the functional development priority benefit in the platform’s roadmap.

4. Consumption arising from game listing, propaganda, presell, and conversion of traditional games into chain games.

5. Consumption arising from participation in various listed cross-chain games operated by third-parties or the platform.

6. Consumption arising from creation of figures, purchase of heroes, purchase of territory, purchase of pets and chipping in activities in the ecological games.

Miracle Universe’s full ecological application scenarios are empowering MU. With the expansion of future business lines, MU application scenarios will become more diversified, further enhancing the core value of MU.

Miracle Universe Future Plan

Q1

Draft the Miracle Universe Business Plan and kick off the project.

Finish testing the Miracle Universe Business Plan, and kick off the subscription program Phase I.

Publish the Miracle Universe Commercial Whitepaper V1.0 and the official site.

Q2

Governance token begins initial IDO and the trading platform goes live.

Miracle Game Strategy Game V1.0 goes live.

Develop and test Miracle Wallet decentralised wallet.

Update the Miracle Universe Commercial Whitepaper V2.0.

Q3

Develop and launch Miracle Wallet decentralised wallet, develop and test Miracle Push.

Develop and test Miracle Universe Chain.

Miracle Game Strategy Game V2.0 goes live.

Update 2+ Miracle Games.

Q4

Run open test of Miracle Open Developer Platform.

Miracle Game cross-chain game goes live.

Miracle Open Developer Platform opens API to the public.

Miracle Universe will continue to promote the exploration of innovative applications of blockchain technology in games and the issuance of asset-backed corresponding IP.

About the Miracle Universe Team

Miracle Universe was created by the team of Montgomery Singman. All of its core members have more than five years experience in the traditional game industry and blockchain related sectors. The team spans most countries and regions around the world, including London, Los Angeles, Brazil and India. Backed by many traditional game firms, and built on a wide range of powerful traditional games and traffic, it completes the conversion of game systems and assets into on-chain products.

Based on a core value system that integrates the game-to-blockchain conversion platform, trading platform and game platform, the team has innovatively developed and launched the Miracle Universe chain game platform. The platform combines numerous underlying core blockchain technologies, and some scalable commercial blockchain technologies have been developed creatively. To empower innovation-driven development of blockchain, and whip into shape the traditional industry plagued by disorder, centralisation of power and rule of monopoly, Miracle Universe will phase in a greater variety of blockchain ecological applications.

Since the phenomenon-level CryptoKitties first gained public attention in 2017, blockchain games have experienced hard practice for about three years. What Miracle Universe wants to do is not to become a hot chain game sweeping the industry like Axie Infinity, nor to become a pure industry resource integration publishing platform like Gala, but to become a partner for users to independently create decentralised games.

The integration of blockchain, NFT and metaverse, as well as Miracle Universe’s own unique economic model and technological innovation, realize the redistribution of production relations and rights, so that players are both users and planners, creating an innovative gaming experience. This new experience means that developers, game players, and community co-builders can participate in discussions on community construction and explore the future development opportunities together. This kind of interactivity and high degree of openness is what traditional games cannot provide, and this may become the answer to the 「Metaverse」 that the market has been looking for. Miracle Universe is very confident in building the future of blockchain games with all enthusiasts, such as game developers, players and other explorers.

Risk Disclosure Statement

The Miracle Universe team acknowledges that the project is exposed to risks in the course of development, maintenance and operation. Every participant should read, understand and consider the aforementioned risks carefully, and show discretion in deciding whether to take part in the token subscription program.

By participating in the Miracle Universe token swap program, the participants are presumed to have fully understood and agreed to accept the aforementioned risks:

Legal, Policy and Regulatory Risk

The blockchain technology is subject to regulation and control by different regulators around the world. Miracle Universe might be restricted by the requirements or actions imposed by them, inclusive of but not limited to restrictions on the use of digital tokens. For example, MU may be slowed down or future functionality or repo of MU might be restricted. Token buyers must perform due diligence independently, and make sure they comply with all local relevant laws governing cryptocurrency, taxation and bonds, among other things.

Safety risk is the risk that any fund raised at the angel funding or crowdfunding phase is not insured. If it is lost, or it loses its value, buyers may not be able to get any remedy from any private or public insurance.

Technical Risk

Miracle Universe is under development and may encounter unpredictable or insurmountable technical challenges from time-to-time, owing to the technical complexity in the development of the underlying public blockchains of Miracle Universe. Hence, the development of Miracle Universe might fail or be terminated for any reason at any time.

Vulnerability Risk

No one is in a position to promise that the source codes and contracts of Miracle Universe will be flawless and error-free. The codes may contain certain defects, errors, flaws and vulnerabilities, which may undermine the availability, stability and security of Miracle Universe, and therefore have adverse impact on the value of Miracle Universe. Open-source code is meant to be transparent, in order to solicit spontaneous code verification and bug fixes from the community.

Liquidity Risk

MU is neither a currency issued by any individual, entity, central bank or any national, supernational or quasi-national organisation, nor supported by any hard assets or other credit facilities. The seller neither has a responsibility for nor means to pursue the circulation and trading of MU in the market. MU trading is based on no more than the consensus on its value among relevant market participants. No person has the obligation to exchange for or buy any MU from any MU holder. No person is able to guarantee the liquidity or market price of MU in any way at any time.

Price Volatility Risk

If traded on an open market, encrypted tokens tend to experience sharp price movements. Price swings may occur from time-to-time in the short term and may be caused by market forces (including speculative trading), changes in regulatory policies, technological innovation, availability of exchanges and other objective factors, but the swings themselves reflect changes in supply and demand balance. The risk associated with the traded prices of MU shall be borne by traders of Miracle Universe.

As of the issue date of the Whitepaper, Miracle Universe is still under development, so the technical specifications and parameters including its philosophy, consensus mechanism, algorithm and code may be subject to updates and changes constantly. Though the Whitepaper contains specific information about Miracle Game, it is not meant to be exhaustive and the information contained herein may be subject to changes and updates for any specific purpose from time to time. Non-exhaustive information disclosure is unavoidable and reasonable.