The popular virtual horse racing game Photo Finish recently announced some big changes to how they handle $CROWN incentives. They’re shifting things around to help make sure their platform keeps thriving as the Web3 gaming world keeps ballooning.
Originally, the deal was 4.23 million $CROWN tokens awarded per season through April 2024. But with $CROWN prices jumping all over and more users flooding the game, keeping the status quo just wasn’t cutting it anymore.
After checking out a few options, Photo Finish settled on the “Long Tail Decay” model to shake things up gradually rather than shocking the system.
So far they’ve given out around 26 million of the 55 million $CROWN they started with. That leaves 29 million left for future seasons. The new plan is to use 10% of that balance each new season moving forward.
For Season 10, that works out to 2.9 million $CROWN up for grabs. Season 11 will get 10% of whatever’s leftover from Season 10, so like 2.61 million probably. This way there’s always fresh incentives for racers without tanking $CROWN stability.
This revised schedule also delays some of the $CROWN dilution that holders and stakers were maybe worried about too. It shows Photo Finish is committed to staying nimble with all the crypto complexity.
Even if it’s hard to predict the future, Photo Finish emphasized that any changes get made super carefully with the big picture in mind. Community feedback will keep steering things too.
Basically, Photo Finish is focused on plans that can stand the test of time and user growth. People can keep chiming in while the $CROWN team targets longevity.
Separately, a racehorse NFT called “Ovation” made headlines recently, selling for $50K in $DERBY tokens as Photo Finish keeps gaining users. Top horses are now going for up to $50K as more folks play.