What is Plato Farm (PLATO Coin)?
Plato Farm is a play to earn NFT farming game based on HECO smart chain. Players get a small farm where they can raise animals and plants in the game.
On the other hand, players can get MARK and PLATO tokens and turn the wasteland into a beautiful and fertile village or city with tokens and many NFT accessories. However, players can create their own game guilds and earn while playing.
Plato Farm is a metaverse that uses blockchain technology to simulate the evolution of human civilization. By working hard, players can turn the wilderness into a rich and modern home of human civilization, and then create the space civilization.
Partners and Investors
Farm System
Farming and production are done through the farm. Players can purchase production resources, transfer them to their wallets and earn related rewards by working within the game.
For example, at the start of the game, a player uses PLATO to buy plantation. Then he plants the wheat seedlings he bought with MARK in the planting area. It waits for 30 minutes for the wheat to mature and harvests it. The collected wheat can be sold for MARK and also freely traded on the secondary market.
This is one of the gameplay methods and the main interaction method of the farm system. The farm contains rare NFT resources and general items. Some rare items include land, special items, tools, fruit trees, animals, and crafting workshops. All these counted items must be unlocked with the PLATO token. These rare NFT items will be introduced continuously as the game progresses.
Trading System
Players gather their harvest by working. Depending on the crop, it takes 30 minutes to harvest agricultural and by-products. There are three stages: seed state, development state and mature state. After the crops mature, players can obtain agricultural and by-products through certain processes. Some agricultural products and by-products are traded using the MARK token, while some commodities are traded using the PLATO token.
Mining System
PLATO token can be mined by staking the MARK token in the in-game bank, and PLATO token can also be staked. In addition to this, PLATO mining can also be carried out.
Social System
Friends: Players can choose to be friends with other players in the game. Friends can interact with each other by shopping. There are also special friend missions.
Alliances: By joining alliances, players can get rewards that can help them increase their agricultural production and mining efficiency. Players can also form alliances to ask for help and exchange. Players can interact with alliance members through orders and donations to process transactions between products.
Economic System
In Plato Farm, players can benefit themselves in four ways:
Income from purchases and sales (investment and monetization)
Crop and animal husbandry (business and mining)
Sale and trade of obtained items (game item cycle)
Transactions and collaborations between friends (creation of personalized zones)
Player income comes in the form of MARK, PLATO and NFT. PLATO token can be circulated on centralized or decentralized exchanges for the benefit of players.
Tokens
MARK Token
As the currency circulating in the game, the MARK can be viewed as the game's means of exchange and transaction. All general items and equipment in the game need MARK. The output of MARK is affected by the economy of the game and the maximum output is 10 million per day.
When players use MARK to redeem items, the currency is recycled and burned in the system. The only way to get MARK is by completing missions.
Players can buy production resources (wheat, tomato, chicken, cow, etc.) in the game by purchasing MARK. After the seed and growth stages, players can use the game's harvest operations to obtain items and products.
There is no cap on player missions for all participants who co-build the DAO in Plato Farm. Plato Farm releases 1 billion MARKs every day and with it, distributes GMARKs to all players based on their contribution value. GMARK represents the gross national product of the Plato Farm economy.
PLATO Token
The amount of PLATO remains stable at 10 billion tokens. Basic crafting materials such as rare NFT items, land, factories, and farms are exchanged for PLATO. Players need to hold a certain amount of PLATO for advanced levels or to unlock more game content. At the same time, fifty percent of team income is burned to maintain a certain degree of deflation. The treasury takes back 50% of PLATO quarterly and burns it until PLATO reaches 50 million to maintain a certain level of deflation.
Players can deposit MARKs into their wallets to mine PLATO. They can use PLATO to buy essential resources, create more production space, increase capacity and gain more MARKs.
NFT
To protect its ecology and fairness of DAO management, to ensure that every player can build farms, Plato Farm will limit the amount of fixed assets in the future and stop any additional issuance. Alternatively, all fixed asset NFTs can only be minted by the players themselves. In Plato Farm, it is necessary to burn PLATO to mint and upgrade factories.