On June 6th at 16:00, The First spot area launched the PARAM/USDT trading pair. As a Modularization and interconnected Web3 gaming ecosystem composed of games and infrastructure, PARAM is committed to using emerging technologies such as artificial intelligence and blockchain to solve key challenges hindering the $200 billion gaming industry. Today, we will delve into the core functions and future development potential of the PARAM project.
What is Param Labs (PARAM) ?
Param Labs is a cutting-edge company focused on revolutionizing the gaming industry by creating a Web3 gaming ecosystem, dedicated to creating a Modularization, interconnected Web3 gaming ecosystem consisting of games and infrastructure. Param Labs' goal is to empower gamers and developers by giving them true digital property rights, ensuring that the value they create can be returned to them.
Param Labs' mission is to completely change the value that gamers and developers derive from gaming experiences, while integrating unique IP into a vast entertainment ecosystem, making it a benchmark for the next generation of gaming experiences. To achieve this goal, they will use cutting-edge tools and emerging technologies such as artificial intelligence and blockchain to solve common problems that currently hinder games from reaching their maximum potential.
To build the ultimate gaming and entertainment ecosystem, Param Labs has built our ecosystem around five pillars:
To achieve this goal, Param Labs has designed a free game called "Kiraverse", which is an engaging and action-packed shooting multiplayer game with amazing mechanics. The game design features multiple modes, allowing players to enjoy diverse game options regardless of their experience or gaming style. Players can participate in dynamic modes such as battle royale and melee, as well as explore the open world.
Through this game, not only does it showcase Param Labs' technical capabilities, but it also allows players to fight, strategize, trade, and customize, promoting user value creation with unparalleled freedom. "Kiraverse" is not just a gaming platform; it is also a window for Param Labs to the future of gaming culture, providing users with blockchain-driven, IP-rich entertainment.
Another innovation under this pillar is Pixel to Poly, which converts 2D images into high-quality 3D assets that can be used in games. These assets can be integrated into popular games such as Fortnite and GTA V, greatly reducing the production time for game developers.
The platform also has native NFTs, which are unique NFTs that can be used in games to provide valuable digital assets for players and collectors.
Param Labs' ownership infrastructure provides a Web3 stealth game discovery launcher, a global NFT market, and a cross-chain wallet, all designed to make it easy for users to own assets and blockchain practicality. With this infrastructure, small or large game studios can easily transition to the Web3 space, allowing players to truly own in-game assets while maintaining the highest security and compliance standards.
Other solutions under the infrastructure sector include the Param Pools Wager system and ownership infrastructure - including game discovery launchers, NFT markets, and proprietary cross-chain infrastructure.
In order to embody the spirit of decentralization, Param Labs is developing a decentralized sorter mechanism. This will allow multiple entities to operate the Layer 2 network, thereby reducing the risks associated with single points of failure and censorship. It also allows the community to host the sorter, thereby attracting community participation and forming a more inclusive and robust network.
In order to optimize costs, Param Mainnet will store transaction data on a dedicated layer called the Data Availability (DA) layer. This approach aims to strike a balance between cost-effectiveness and security. Several potential DA layers are currently being considered, including Celestia, Polygon Avail, EigenDA, and NEAR. By integrating with Param, developers can access our resource library, cutting-edge technology, and support community, thereby expanding the potential and scope of their projects.
II. Param Labs (PARAM) Token Economics
The core of achieving the above goals is $PARAM - an on-chain utility token that powers the Param ecosystem; it has multiple functions, from paying transaction fees to promoting governance. By staking PARAM tokens, users can participate in the decentralized sorter mechanism, further decentralizing the network and ensuring its robustness.
Early contributors: 15% (280,000,000 PARAM)
Treasury: 12% (240,000,000 PARAM)
Strategic investors: 10% (200,000,000 PARAM)
Liquidity market making: 6% (120,000,000 PARAM)
Consultants: 2% (40,000,000 PARAM)
Param Labs is leading the GameFi revolution by building a Web3 gaming ecosystem, providing true digital property rights to millions of people and ensuring value is returned to users. Through its innovative products, cutting-edge infrastructure, and commitment to decentralization, Param Labs is setting a new benchmark for the gaming industry. The First's launch of its ecological governance token PARAM undoubtedly provides an excellent opportunity for customer engagement in the early ecological exploration mode of Web3 gaming.
What is Param Labs (PARAM) ?
Param Labs is a cutting-edge company focused on revolutionizing the gaming industry by creating a Web3 gaming ecosystem, dedicated to creating a Modularization, interconnected Web3 gaming ecosystem consisting of games and infrastructure. Param Labs' goal is to empower gamers and developers by giving them true digital property rights, ensuring that the value they create can be returned to them.
Param Labs' mission is to completely change the value that gamers and developers derive from gaming experiences, while integrating unique IP into a vast entertainment ecosystem, making it a benchmark for the next generation of gaming experiences. To achieve this goal, they will use cutting-edge tools and emerging technologies such as artificial intelligence and blockchain to solve common problems that currently hinder games from reaching their maximum potential.
To build the ultimate gaming and entertainment ecosystem, Param Labs has built our ecosystem around five pillars:
- Experience
To achieve this goal, Param Labs has designed a free game called "Kiraverse", which is an engaging and action-packed shooting multiplayer game with amazing mechanics. The game design features multiple modes, allowing players to enjoy diverse game options regardless of their experience or gaming style. Players can participate in dynamic modes such as battle royale and melee, as well as explore the open world.
Through this game, not only does it showcase Param Labs' technical capabilities, but it also allows players to fight, strategize, trade, and customize, promoting user value creation with unparalleled freedom. "Kiraverse" is not just a gaming platform; it is also a window for Param Labs to the future of gaming culture, providing users with blockchain-driven, IP-rich entertainment.
Another innovation under this pillar is Pixel to Poly, which converts 2D images into high-quality 3D assets that can be used in games. These assets can be integrated into popular games such as Fortnite and GTA V, greatly reducing the production time for game developers.
The platform also has native NFTs, which are unique NFTs that can be used in games to provide valuable digital assets for players and collectors.
- Infrastructure
Param Labs' ownership infrastructure provides a Web3 stealth game discovery launcher, a global NFT market, and a cross-chain wallet, all designed to make it easy for users to own assets and blockchain practicality. With this infrastructure, small or large game studios can easily transition to the Web3 space, allowing players to truly own in-game assets while maintaining the highest security and compliance standards.
Other solutions under the infrastructure sector include the Param Pools Wager system and ownership infrastructure - including game discovery launchers, NFT markets, and proprietary cross-chain infrastructure.
- Param L2/L3 blockchain
In order to embody the spirit of decentralization, Param Labs is developing a decentralized sorter mechanism. This will allow multiple entities to operate the Layer 2 network, thereby reducing the risks associated with single points of failure and censorship. It also allows the community to host the sorter, thereby attracting community participation and forming a more inclusive and robust network.
In order to optimize costs, Param Mainnet will store transaction data on a dedicated layer called the Data Availability (DA) layer. This approach aims to strike a balance between cost-effectiveness and security. Several potential DA layers are currently being considered, including Celestia, Polygon Avail, EigenDA, and NEAR. By integrating with Param, developers can access our resource library, cutting-edge technology, and support community, thereby expanding the potential and scope of their projects.
- Governance
II. Param Labs (PARAM) Token Economics
The core of achieving the above goals is $PARAM - an on-chain utility token that powers the Param ecosystem; it has multiple functions, from paying transaction fees to promoting governance. By staking PARAM tokens, users can participate in the decentralized sorter mechanism, further decentralizing the network and ensuring its robustness.
- The total supply of $PARAM is capped at 2 billion and will be distributed to holders through a well-designed mechanism that includes:
- Pay Wager Matching Fee for PERAM Funding Pool
- Pledge to participate in partner project airdrops and other rewards
- Param's DAO obtains ecological governance rights
- Pay miner fees for the entire network ecosystem
Early contributors: 15% (280,000,000 PARAM)
Treasury: 12% (240,000,000 PARAM)
Strategic investors: 10% (200,000,000 PARAM)
Liquidity market making: 6% (120,000,000 PARAM)
Consultants: 2% (40,000,000 PARAM)
Param Labs is leading the GameFi revolution by building a Web3 gaming ecosystem, providing true digital property rights to millions of people and ensuring value is returned to users. Through its innovative products, cutting-edge infrastructure, and commitment to decentralization, Param Labs is setting a new benchmark for the gaming industry. The First's launch of its ecological governance token PARAM undoubtedly provides an excellent opportunity for customer engagement in the early ecological exploration mode of Web3 gaming.
