Grand Theft Crypto: Striving to be More than a Crypto Gaming Metaverse

Grand Theft Crypto(GTC) is an ethereum based virtual world that aims to be more than a P2E game or metaverse. The project stands by its goal, which is to create a Decentralised Autonomous Organisation that applies real-life human dynamics. GTC is planning to use artificial intelligence mechanisms which will emulate how human beings tackle day-to-day problems, thereby incentivizing people to be law-abiding citizens. On the contrary, the underground economy of the City of Encrypta might trick people into a more criminal way of living. Judging from GTC’s whitepaper, the game employs some similar characteristics to the Rockstar Games franchise, Grand Theft Auto.



A Brief on GTC

GTC is a play-to-earn (P2E) blockchain gaming platform by Grandtheftcrypto.org that is very similar in appearance to the popular GTA game. The aim of the game differs in the fact that Citizens are incentivized to be on both sides of the law. Players are juxtaposed to a setting based on the Colombian City, Cartagena, where they live the life of an upcoming entrepreneur.  GTC tokens are earned via high risk gameplay when a player hijacks and kills fellow citizens, trades on the black market or participates in other similar activities.

Similar gameplay is not risk free and may come at an economic cost. Low risk earning is also available when a player provides infrastructure around the map, receives taxes, or works a traditional 9 to 5.

GTC's founder is the new D'App development studio, Altered State Machine. The game comprises an NFT-powered virtual world called Encrypta, which mainly utilises the Ethereum blockchain. The platform offers a wide variety of services for its players, all based within the same virtual world.

The platform utilises artificial intelligence whose coding is based on human behaviour with one aim, becoming a real-life DAO. This rewards both law-abiding as well as law-breaking behaviour. 

It is important to note that the DAO is not related in any way to the Grand Theft Crypto scheme where $40million was stolen from Binance.

What to Look Out For in GTC

Action-Packed Gaming Climate

Within the Encrypta universe, there are many gaming activities available for users. The two main gaming objectives and types are either a fast game play in the form of hijacking, killing or  seizing assets from fellow citizens, or low-risk as in providing infrastructure and security around the map. Part of the seized assets of criminals will be again rewarded in the form of balck market bounties, creating a vicious cycle of illegal activity. 

Other in-game activities within the platform include street racing, bank heists, and property demolition derbies within the City of Encrypta. It allows for users to enjoy a fastpitch action-packed gaming experience.

Non-gaming earning activities

While games are its main bread and butter, there is more on offer at GTC. Players can do some seemingly more serious activities in Encrypta City such as owning a lucrative  business. The type of business ownership is also open to one's imagination, as one is allowed to freely build their business empire.

Even more amazing is the fact that each business activity is an earning stream. A shop owner can sell services and earn GTC tokens, or sell their bought land in the form of NFTs. A car dealer can buy the dealership and receive exclusive exotic car NFTs. The nft merchandisers search for rare NFT’S to sell them for a profit..

An Inflation Control Mechanism

The inflation control mechanism is as intricate as it is outstanding. To start, users can own land and freely build their houses on GTC. Landowners can't lose their land, they can only be punished or rewarded in tandem with a behaviour-based penalty system. It comes in the form of lost or gained income, though the advanced penalty system is to be introduced later on.

To own Encrypta land, one has to mint/acquire an ERC721 NFT, which is done using Ethereum in the first stage and with the native token in the second stage. In stage one for every ether received from land minting, half shall be used to buy back and burn GTC tokens. Thereby creating a true deflationary supply.

Another 20% of the ether received will go towards the purchase of land parcel in the fabled Genesis city known from the Decentraland metaverse. It will be the site of the GTC White House, being community owned and to only be used for leisure activities. 

With such a multilayered means of burning tokens, long-term inflation can be better controlled to maintain token value.

Token Utility

The GTC token is the game's primary currency. Within the virtual world created by the studio Altered State Machine, also known as encrypta, one has  tons of spending options with the GTC token. Investing in the purchase of a shop will be a popular option, but other options are also available. A date night live concert is on the cards, so is hanging out with pals at your own clubhouse, or acquiring a luxury car. Nothing is too crazy in the world of Encrypta.

There are financial services available just as one would know from traditional banking. Citizens can open a bank account and save their GTC, take out loans with NFT collateral, or provide credit amongst other options. Owning a debit account grants for a 2% spend back guarantee on in-game purchases. Besides the boosted Encrypta banking options one could also make use of traditional staking pools, at the cost of a 20% reduction of APY. Citizens are thus stimulated to make use of the in-game saving services.

Encrypta Market Place

The GTC Marketplace gives investors to sell and buy in-game assets such as land parcels, luxury cars, or overall design. One can make a living out of handling on the GTC Marketplace and the developers will aim to create a healthy supply and demand of goods.

Expensive NFT Gifts

The developers will start with buying a bored ape after completion of stage 3 to hand out to the most active citizen. The details on which bored ape exactly aren't out yet, but what a gift!

Presale

The token's presale price is set at 0.1 USD, while the price at launch is 0.15 USD.. To align with regulations and provide a guarantee to clients, KYC is factored into the platform and it will launch on the Pinksale launchpad. On top of this a tier 1 audit will be performed granting users even more security. 

Take Away

With increasing vibrancy as well as multiple upcoming P2E options in the crypto space, projects have to offer something concrete to attract followers. GTC's offering an incentive based, real life like dynamic to its users on top of the play-to-earn structure synonymous with many DeFi games.

Thanks to the impressive and sophisticated Ecosystem of Encrypta, GTC could capture the attention of a lot of blockchain gamers. The financial tools on offer also make it a robust platform for financial services. The game in itself is a virtual world full of lots of possibilities.