Idle Mystic (IMT) is a decentralized idle gaming platform where players can own their in-game items. Players can also create heroes and trade them in the marketplace. This blockchain technology-based platform runs on the Polygon network. The players can engage themselves in single-player or multiplayer mode. Besides, they can also participate in battles, make heroes stronger, and play to earn rewards. According to the whitepaper, the platform also invites community developers to improve their skills and enhance the gaming experience of the game. The platform aims to become a fun game that incorporates social communities and improves gameplay for others.
Players can earn rewards while engaged in multiplayer mode and defeating the opponent. The platform also seeks to offer active rewards for the top players at the end of each season. Further, players and community users can create their non-fungible token (NFT) assets and earn rewards by trading or holding them and giving them powers. The users can trade their NFTs on third-party websites. The idle Mystic platform wants to ensure that players use decentralized wallets so that no third party can own the player’s account. The smart contracts used by the platform seek to ensure complete security and safe trading on the platform.
IMT is the native token of the Idle Mystic platform. The users can engage in gaming activities, seasonal rewards, and idle games and earn IMT tokens. The platform has another in-game token, Magic stone, required for the strength and power of the NFTs. The users can earn Magic stone through liquidity pools, seasonal rewards in multiplayer mode, and pool rewards. Liquidity pools mean collecting funds in a smart contract and later using them in trading, lending, etc.
IMT is also a governance token of the platform. IMT holders who hold IMT in their wallets can become a part of the community. Moreover, the token holders who own a certain amount of IMT can also become stakeholders in the voting mechanism.
The gaming platform generates revenue through transaction fees and from selling NFTs in the NFT marketplace and hero inheritance. Moreover, the community uses 50% of its generated revenue for community development.