According to the whitepaper, Space Sip (SIP) is an online RPG (character-based role-playing fantasy video game) developed on the Binance blockchain platform. The Binance blockchain is a crypto exchange platform that lets users trade their assets using the BNB token. The developers seek to make gaming a way for their users to have fun and make it profitable. SIP allows their players to use their NFTs to mine $SIP tokens that can be used in the future.

Furthermore, the developers think that players should be able to have fun both online and in the real world. Players have to develop their character and weapons NFTs to battle or explore the universe. These NFTs can be exchanged or sold freely on the market and be exchanged for traditional currency. NFTs are non-fungible tokens that would be the in-game characters and weapons or spaceships.

The game developers used a play-to-earn model to seek to encourage the players to add crypto-backed value to their NFTs. Players can craft and send their spaceships to planets to mine $SIP tokens. The tokens can also be mined by participating in in-game activities as well as by battling other players in the game. Players need to have a crypto wallet where they can store both $SIP tokens as well as BNB tokens.

$SIP is mined by player activities that use “Space” as a concept where various elementary planets are worlds of activities. The generation and flow of $SIP are controlled by the sink and faucet mechanism, where faucets are activities that generate $SIP, while the sink is the activities that consume $SIP.

The developers aim to introduce new characters and NFTs throughout 2022. SIP seeks to also develop its blockchain where the game and the platform can have a better integrated metaverse along with its Space Chain Technology.

SIP was created by a group of young entrepreneurs in 2021. The token and the platform now have a team that focuses on developing the game and contributes to the global blockchain infrastructure. An array also advises SIP of experts and CEOs from the industry, including Pools, Oxbull, and VinBull.

SIP used IGO tactics in October 2021 to raise the initial funds for the launch of the game and the creation of its metaverse. An IGO is the marketing tactic where gaming developers provide in-game value to the characters to raise funds for the games.