With the continuous evolution of GameFi, investors and players are no longer satisfied with the monotonous Play to Earn, and various X to Earn emerge in endlessly. And TwitFi is the X to Earn mechanism product that has sprung up recently.

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How to "Twit to Earn"?

Similar to similar projects, this project also adopts the economic model of "NFT + game tokens". It is worth noting that TwitFi does not use the widely used dual currency model (such as StepN), but only has TWT as a token and bird NFT.

In TwitFi, users need to own Bird NFT before they can "tweet and earn coins". The bird NFT can be obtained through "egg" hatching, and each bird has different attributes, which will also affect the subsequent output.

"Eggs" are divided into three qualities: "common", "rare", and "epic". Users can mint for a fee (rare eggs) or for free (common eggs). The price of rare eggs has a price increase mechanism, and the price will increase by 5% for every 1000 mints. The current price of rare eggs has risen to 0.148 ETH.

After the bird NFT is set up, every time the user uses the bound Twitter account to tweet, he can get a TWT token once. 50% of the acquired TWT will be unlocked immediately, and the remaining 50% will be locked for one month. Although locked TWT cannot be withdrawn to external wallets, it can still be used for consumption in TwitFi.

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Economic Model: Standard GameFi Paradigm

TwitFi's economic model is no different from most GameFi's. They both hold one resource, consume another resource, and produce a third resource. In TwitFi, although TWT can be generated by tweeting, it sounds like this is an act without threshold. However, the output of TWT requires the consumption of feed "Feed".

Feed boxes can be purchased in the market with TWT tokens, and the more advanced NFTs consume more feed.

In terms of overall output efficiency, we can see that the project party is deliberately controlling the output speed. A more interesting design is that the bird is added to the state.

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The bird has three states: "normal, hungry, infected"

The project also provides players with some auxiliary props, such as beans, fresh water, blind box baskets, etc. These props can provide players with some additional functions and promote the circulation and consumption of tokens in the game.

Similar to the upgrade mechanism of most GameFi projects, TwitFi also provides 5 different levels for the bird, and the user's NFT can gradually evolve from E-level to A-level.

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Potential risks in the account system

On TwitFi, we haven't seen any innovations in its mechanism yet. However, there is still an interesting difference in this project. Its game assets are not directly held by the user's EOA wallet, but are held by smart contracts.

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The contract address with the tail number fa54 holds more than 98% of the bird NFT

It is also for this reason that it is easier for the project party to control user assets. For example, ordinary-level "eggs" cannot be withdrawn to EOA wallets, TWT token withdrawals will be charged, etc. For users, the in-game assets of this project still have certain risks.

On the official website of the TwitFi project, it is not difficult to find that although the project points reveal the team members, all of them are pseudonyms. The authenticity and resumes of its team members are difficult to confirm.

Here, Odaily also reminds everyone that the GameFi project is full of waves, good and bad are mixed, and investors are expected to carefully measure risks and participate cautiously.