Electronic pets on blockchains aren’t a new concept.
The emergence of Crypto kitties provides an example of this.
However, as blockchains and their allied technologies have evolved, electronic pets have become more complex and this time they may just be the next big thing within the space.
IDO company Starter Capital recently launched their Starchi pets.
Reminiscent of the Tamagotchis of the mid-90s, these pets known as “Starchis” offer features and benefits that most members of the cryptocurrency space haven’t see yet.
We reached out to Angela Branzington, Vice-President of marketing at Starter Capital.
Here is what she had to say.
Congratulations on the successful launch of Starchi! What’s next for Starter Capital and Starchi?
Starter will continue to pursue its mission of being a leading IDO launchpad, incubator and investor network for digital ledger technologies.
Please can you tell us more about Starchi?
Starchi is a Tamagotchi-inspired play to earn game for the crypto age.
It is incubated by Starter and aims to be a widely-used, incoming-generating service for blockchain gaming enthusiasts.
How will the emergence of electronic pets across multiple blockchains aid the mass adoption of cryptocurrencies and their allied technologies?
Tamagotchis proved the viability of digital pets as a means of increasing engagement with emerging technologies. Starchi is applying that same concept to blockchain and cryptocurrency by inheriting some proven techniques.
How did you get started with cryptocurrencies and their allied technologies?
Our background is in software development and information technology.
We have been following Bitcoin since 2009 and digital ledger technologies since Etheruem’s announcement in TechCrunch.
Many will consider the parallels between Starchi and the original Tamagotchi to striking? What’s different this time?
There are several glaring differences – the original game was physical whereas Starchi is digital and built on blockchain technology.
Most importantly, Tamagotchi did not provide a mechanism for their owners to earn while taking care of their pets.
What makes the Starchi different from saying Cryptokitties for instance?
Many GameFi products are purely about fighting, gambling, or NFT acquisition with the hopes of future appreciation.
Starchi is a purpose-built game with a goal of bringing the elements of love and care to blockchain gaming, including built-in mechanics for providing earned income via game play.
Please, can you tell us more about the wonderful people behind the Starchi development?
The team consists of information technology, software, marketing and business entrepreneurs with decades of experience in traditional organizations and industries and an average of 5+ years in the blockchain space.
How has the reception been towards the Starchis so far?
Starchi has a strong backing of supporters from venture capitalists, media and influencers.
At the time of this writing, it has amassed a Twitter following of 50K+ and almost 60K Telegram users in just a few weeks.
Are Starchis like living pets? What makes them different?
Starchis come from a world that is overrun with greed, strife, misery and hunger. One where humanity has lost its way and has forgotten its purpose.
They are more than pets in that their very survival depends on consistent love and care given to them by their Collectors.
Are Starchis NFTs? please, can you explain to us the technologies that govern the Starchi ecosystem?
Each Starchi is a unique NFT that starts as an egg and hatches into an infant, growing to adulthood if well taken care of.
Eggs can be purchased from the marketplace or gifted and, like DNA, each possesses a unique trait in their NFT that no other Starchi has.
This is what truly makes them unique.
What are the benefits of buying keeping and owning a Starchi?
Collectors benefit from the gratification of growing and caring for their Starchis from an egg to adulthood, but even more from the various means of compensation in START and ELIXIR tokens.
Please, can you explain to us the uses of the $STARt and $ELIXIR tokens within the Starchi ecosystem?
Starchi will operate in a dual-token economy.
The first token, $START, will be used for trading Starchis and to reward stakers, while the second token, Starchi Liquid Luck ($ELIXIR) will provide multiple in-game economic incentives.
How can dual economies become the standard for DeFi gaming?
As opposed to leveraging expensive large-cap tokens, such as Bitcoin and Ethereum, that serve as barriers of entry for the average gamer, dual economies allow GameFi products to develop customized financial tokenomics to meet the specific needs of their user base.
Please, can you tell us more about the play-to-earn concept?
Play to earn is a growing trend for blockchain games that allows users to earn income while doing something they love to do – playing games.
It has been proven to provide sufficient income, particularly to those in underserved areas, that in many cases exceeds traditional wages.
What plans do you have for Generation Z when it comes to electronic pets and DeFi at Starchi?
We intend on demonstrating that the future’s representation of next generation laborers, scientists, artists and other leaders can and will be transformative.
It will consist of creative applications of traditional industries, technology and blockchain that allows them to freely explore, express and experiment while earning.
How are initial DEX offerings becoming the liquidity provision standard for the cryptocurrency and DeFi space?
A DEX provides a self-servicing, decentralized environment that allows creativity to flourish without concern for sovereign, governmental, political or other biased impediments to advancing such creativity freely.
How well do Starchis bond with their owners? What emotional connections do they build? Please, can you tell us more about their behavior?
Starchis express themselves to their Collectors through electronic stats, such as their health rate, feeling loved and related metrics.
The absence of stability in these metrics provide owners with signals on how they can improve.
Please, can you tell us more about fee distribution rules within the Starchi ecosystem?
The built-in Play to Earn model combined with a fair set of fee redistribution rules allow Starchi Collectors to compound their earnings in the game.
Fees collected from Starchi purchases are redistributed back into the ecosystem to provide staking income to others.
Do you have any secrets you want to tell us? Care to spill the beans?
Email email@example.com with the nickname of the first Tamagotchis for a chance to win a big surprise!
If you had three wishes and a genie that could make them come true, what would they be for the Starchi ecosystem?
To positively transform the lives of every Collector
To become the top play to earn game in the space
To create a real-world physical Starchi, powered by blockchain 😀