OpenFormat Lite Paper

Introducing OPENFORMAT:

OPENFORMAT is a ground breaking blockchain-based platform designed to simplify and accelerate the development of decentralised applications (dApps). It is built as a protocol, is compatible with multiple tools and frameworks, and allows developers to leverage the best of Web3 technology while enjoying the flexibility to choose the tools they are most comfortable with.

The OPENFORMAT protocol serves as the backbone for the ecosystem. The platform provides a versatile Software Development Kit (SDK) and API and is compatible with the Ethereum Virtual Machine (EVM) offering seamless integration with multiple blockchains, with a realtime GraphQL Blockchain data API.

It comes out of the box with the tools to create game based ecosystems: rewards, collectables, quests, points, leaderboards. Game economy and community analytics, and social integration for deep insight. Developers have access to a wide range of resources, including documentation, templates, components and educational materials along with a web based console for setup, deployment and management.

These tools empower developers to easily build campaigns, products and bespoke platforms as modular ecosystems and harness the full potential of Web3 technology.

The OPENFORMAT Protocol:

The protocol comprises a core layer of base contracts for all common use cases of fungible and non-fungible tokens, wrapped by our ecosystem contracts which allow for blockchain transaction based usage fees (think micro payments rather than gas), and a gamified rewards system where developers earn reward tokens when their dApps execute blockchain transactions, along with points and badges for interacting and participating in the community. These tokens can then be used to pay transaction fees or enable community voting, creating a unique, self-reinforcing incentive mechanism. In addition to this, the fees collected by the protocol are split at the base contract level, directing 50% of the fee to our Social Conscience Layer, a unique trustless feature that channels income to good causes, enabling developers to contribute to a more equitable and sustainable world.

The Game:

(AKA how to build a game based ecosystem for any kind of application)

At it’s heart this is a developer-centric protocol and toolset for building gamified loyalty and engagement systems, that do not rely on tracking or retargeting. Convert fans into super-fans through modular, scalable, customisable solutions offering more involvement, ownership and trust, and earn rewards as a developer for your application’s success.

OPENFORMAT provides a set of easy to integrate APIs for building complex loyalty and quest systems, with advanced features for engagement, rewards and monetisation.

Game mechanics

This gamification system is based around these essential mechanics: