# Overview {% embed url="" %} Welcome to the Param Labs knowledge hub. Here, you will find all the useful information about the project and an all-encompassing overview of the essential pillars bracing the Param Labs ecosystem. This living document will continue to change as the Param Labs ecosystem scales upward with exciting new features, products, and cross-IP integrations. ### How to use this hub This knowledge hub is divided into four major categories: the general introduction to Param Labs, the $PARAM token, our ecosystem, and the Community spotlight. Each of these categories is divided into sub-sections, providing deeper insights into the nuts and bolts of Param Labs.\ Other useful categories to aid your journey into understanding the Param Labs project include a Help and FAQs section. These sections are handy materials for quick answers to commonly asked questions and product guides. ### Legal Disclaimer The entirety of this Gitbook is provided for informational purposes alone and should not be interpreted as investment advice, financial advice, or any other kind of advice. [Full Disclaimer Here.](/param-litepaper/legal-disclaimer) # Param Laboratory
Param Labs is creating a modular, interconnected Web3 gaming ecosystem, consisting of games and infrastructure. Param Labs is the home for gamers and developers, and our ambition is to become the benchmark for next-generation gaming experiences. Here, we use our resources to build exciting games, developer tools, and infrastructure to empower millions with true digital property rights and ensure value is returned to users. Our mission is simple; We aim to revolutionize the value gamers and developers are able to derive from gaming experiences, while uniting unique IPs within a vast entertainment ecosystem. To achieve this, we’ll use cutting-edge tools and emerging technologies such as AI and Blockchain to solve the most common problems we believe are preventing gaming from scaling to its fullest potential. Central to this vision is $PARAM – the on-chain utility token powering the Param ecosystem; from governance to value accrual. **Partners & Backers** Thanks to our major partners, we will introduce our products to millions of users and we will continue to secure further partnerships with strategic companies as we scale to broaden our reach!
# $PARAM Utility
**Ecosystem Revenue Sharing** Sales from various ecosystem products, including Kira Bucks, the "Pixel to Poly" service, in-game advertising, and NFT marketplace transactions, contribute to revenue directed towards $PARAM token buybacks. This decentralized approach allows the DAO to allocate funds, creating a sustainable economic loop and enhancing the overall value of the token. The introduction of "Param Pools" further strengthens this mechanism with a deflationary 5% platform fee in $PARAM tokens, strategically managed for burning and ecosystem pool enhancement. **Practical Utility** Param Token delivers practical utility through various channels. It acts as a payment method for "Wager Matches" within Param Pools, elevating the gaming experience. PARAM holders enjoy exclusive benefits, including discounts on in-game items, merchandise, and more. Staking PARAM also provides the opportunity to acquire free token allocation in partnered projects, incentivizing user engagement. Additionally, staking PARAM enhances game discovery on the platform's launcher, promoting a dynamic and engaging ecosystem. **Governance** At the core of the ecosystem's governance, Param Token embodies decentralization. Token holders actively engage in decision-making processes, guiding ecosystem development through a democratic proposal and voting mechanism. Governance extends to addressing special situations and fostering growth, allowing token holders to influence strategic decisions. Community incentives are seamlessly integrated into governance, ensuring active participation and fostering a sense of ownership among community members. **Gas Fees Across Param Network** Param Token plays a pivotal role in managing gas fees across the network. It is utilized for L2 Mainnet gas payments, ensuring smooth transactions on the network. L3 gas fees and bridging fees are also paid using $PARAM, contributing to the efficiency of transactions and enabling seamless asset transfers across different layers of the Param Network. This practical utility enhances the overall user experience within the ecosystem. # PARAM Token Metrics $PARAM, with a capped total supply of 2 billion, will be distributed to holders through a meticulously designed mechanism. As illustrated in the figures below, we anticipate that $PARAM will reach full circulation in approximately 5 years. It's also important to highlight that a deflationary mechanism is built into the economy to drive value appreciation through scarcity in the long term.
# Economy While our journey is just beginning, our primary objective is to ensure that all stakeholders can take part on this journey with a clear understanding of how we plan to create and channel value within our ecosystem. Param Labs' economy is designed with utmost sustainability in mind. This is done in such a way that both immediate and future growth are well-balanced around the treasury performance. The treasury being the war-chest for the development journey and value accrual to stakeholders will continue to see steady health, thanks to all the activities being conducted throughout the ecosystem.
Key indicators in the economy include PARAM token, DAO treasury, Governance, revenue from Param Labs IPs and partner/community initiatives, and marketplace activities. Below, we outline important economic processes within Param Labs and the roles of different agents in creating and distributing value throughout our ecosystem with a majority accruing directly to $PARAM.
The value accrual flow demonstrates how our network effect is set to stimulate the economy around the $PARAM token.
# Soft-Currencies {% tabs %} {% tab title="Param Points" %}
Param Points is an off-chain virtual currency within the Param ecosystem. These points cannot be bought or sold directly but can be amassed through various activities and utilized to claim a range of rewards and benefits within the ecosystem. 1. Earned through our Farming system 2. Earned through our gaming asset incentive soft staking system 3. Used to claim $PARAM token airdrops 4. Used to claim NFT airdrops 5. Used within our merch store {% endtab %} {% tab title="Kira Bucks" %}
Kira Bucks are the exclusive currency for the in-game economy of Kiraverse, used solely for purchasing assets in the game's store. 1. Used to purchase marketplace items that are tradeable NFTs by default 2. Earned based on in-game achievements while using a premium skin 3. Earned as player rewards by holding premium skins 4. It cannot be sold or exchanged but can be purchased with a debit card or crypto 5. Used to unlock exclusive in-game content {% endtab %} {% endtabs %} # Staking
An important utility of the $PARAM token within the Param ecosystem is the ability to stake $PARAM and earn different types of rewards and incentives. These rewards can either be from the Param ecosystem fund or special allocations from other projects and partners that make up the Param ecosystem. #### How it works: 1. Token holders stake their $PARAM on the staking platform and earn a soft off-chain currency \[token x] weekly; \[token x] is non-tradeable and cannot be transferred. 2. \[Token x] can then be used to redeem allocated tokens from partner projects. 3. Once a participant redeems \[token x] for partner tokens, the equivalent \[token x] used is burned and removed from supply permanently. 4. The staking mechanism rewards participants based on a tiered system. Specifically, the system is designed to take a participant’s staked weight into consideration. Meaning, the more $PARAM staked by an individual, the more \[token x] is earned by that participant. 5. Unstaking $PARAM token will result in the forfeiture of earned \[token x] accumulated, however, the token holder gets back 100% of their initially staked $PARAM. The staking model is intended to incentivize loyal token holders who envision the success of Param in the long term. Moreover, as the Param network-effect scales with the addition of more successful partner-projects in web3, direct exposure to those projects may further enhance the experience of $PARAM token holders. To begin $PARAM staking, go to .
# Security & Audit We've partnered with leading experts in token security to review and evaluate the PARAM token framework and its logic. Find the detailed report below. # Modular Gaming Ecosystem Our vision is to create and power a realm of platforms that provide true value to millions of users while enabling individuals and studios with the tools they need to develop next-gen gaming experiences seamlessly. To create the ultimate ecosystem in gaming entertainment, we’ll initially be building our ecosystem around these five pillars: * Experiences * Infrastructure * Param L2/L3 Blockchain * Governance * PARAM token # Experiences {% embed url="" %} This pillar serves as the node that interfaces directly with gamers, creators, and collectors. It houses all IPs developed and distributed by Param Labs and is the perfect showcase for unique gaming experiences. Here, there is something for everyone, whether you’re a gamer, a creator, a digital collector, or an enthusiast. Below is an overview of the initial products being developed within the Param Labs ecosystem. Yet, there are many more exciting IPs set to come to life within the Param Ecosystem, including games, NFTs, and more, to be developed by Param Labs or Ecosystem Partners. # Kiraverse {% embed url="" %} The flagship product under this pillar is the free-to-play title Kiraverse; an engrossing action-packed shooter multiplayer game with amazing mechanics. The game design features various modes empowering gamers to enjoy diverse gameplay options regardless of experience or playstyle. Players can engage in dynamic modes like battle royale and free-for-all or enjoy an open-world exploration. The game not only showcases our technology's capabilities but also empowers players to battle, strategize, trade, and customize, fostering user-generated value with unparalleled freedom. Kiraverse is more than just a gaming platform; it's a window into the future of gaming culture, offering blockchain-powered, IP-rich entertainment. Kiraverse’s gameplay is further personalized through the importation of custom IPs ranging from a diverse selection of NFT collections to avatars from different entertainment genres for a unique, cross-IP, and cross-ecosystem experience. # Pixel To Poly - Individuals {% embed url="" %} Pixel to Poly leads in transforming 2D images into high-quality, game-ready, 3D assets. Currently, these interoperable assets can be immediately integrated into AAA games such as Fortnite, GTA V, and more. Utilizing our cutting-edge pipeline, we simplify the 3D design process and significantly reduce production timelines. We provide essential tools for both development studios and individual users at a competitive rate, with new pricing structures for studios coming soon. With a current focus on character creation, we have future plans to diversify into human replication and broader asset varieties, showcasing our persistent innovation in the gaming industry. \ Product docs: # Native NFTs & IPs The idea of an NFT being used in-game isn't new for web3 games, however, we are rolling out a number of unique NFTs and partner IPs that would enable us scale user experiences to a whole new level. For us, NFTs are a great way of creating and channelling a ton of value towards players and collectors. To begin, we list some native NFTs developed in-house. Some of these NFTs are already tradeable and have a wide range or attributes and utilities serving the Param Labs ecosystem. Stay tuned to see your favorite NFTs in Kiraverse.
Kira Genesis/pages/L9Ale68MElPzrBCVElea/files/hBGsxkFOVVjT7ZBiCu7P
Eva & Nate/pages/cSuci1eq8e3A7RKPlEB2/files/6hSvGb7o7GfsitbLSKu9
Hado Fusion/pages/BYQeYsgkFwy4NN3FnH7M/files/KUEKlPKaiRTWALbnXWW7
Buck The Bunny/pages/tq6fjuAW1oNbwCSyaZJN/files/vg2ZDkb9OrM7zXSrNigy
The Forgotten/pages/1hU4hDdjeiVdv8x89rYg/files/XGdiOyg8mMpBjr0W2NhZ
Floating Tree/pages/hK5TZPfsfhFhlw6C3Mbt/files/vLmsMT2ruD8FTb3CZeen
# Kira Genesis
The Kira Genesis Collection consists of 10,001 unique avatars designed by world-famous artists Antoni and Marc Tudisco. These NFTs are usable skins within the Kiraverse Game, offering a wide range of utility and rarity. #### Utility: Kira Genesis NFT utility includes: • Seamlessly integrated as a playable avatar within Kiraverse • Enables users to accrue Kira Bucks within the game • Offers monetization opportunities through renting to fellow players • Supports staking for additional benefits • Holders are eligible for future airdrops • Grants access to free premium matches within Kiraverse #### Rarity: Rarity tiers are based on a 7-tier ranking system: Tier 1: Rank 1- 100 Tier 2: Rank 101-1,000 Tier 3: Rank 1,001-2,500 Tier 4: Rank 2,501-5,000 Tier 5: Rank 5,001-7,500 Tier 6: Rank 7,501-9,000 Tier 7: Rank 9,001-10,000 #### Collection: # Eva and Nate
EVA & NATE is an art collection representing extraterrestrial explorers preparing for orbit. In collaboration with GameStop and Param Labs' world-renowned artist Antoni Tudisco. #### Utility: • Seamlessly integrated as a playable avatar within Kiraverse • Holders are eligible for NFT airdrops • TBA #### Supply/Rarity: EVA - 2,000\ NATE - 2,000 #### Collection: # Hado Fusion
HADO Fusion, Airdropped to EVA & NATE Holders. #### Utility: • 10% of the earnings from our Pixel To Poly Service will be distributed amongst our HADO holders. • TBA #### Supply/Rarity: 333 #### Collection: # Buck The Bunny
Seasons I and II of 'Buck The Bunny' were created in collaboration with the largest video game retailer in the world, GameStop, with designs brought to you by the world-famous artist Antoni Tudisco. Each NFT commemorates Buck as he travels through Earth and space. #### Utility: • Seamlessly integrated as playable avatars within Kiraverse #### Supply/Rarity: **SEASON I:** Black and White Buck 100\ Hump Day 711 Jumpsuit Buck 711 Skate Park Buck 711 **SEASON II:** Upper Deck Grooves: Archive edition 200 Upper Deck Grooves 711 The Perfect Carrot Spritz 711 Sensational Soaks 711 #### Collection: (NOT FOR SALE) (NOT FOR SALE) # The Forgotten
The first life-form to emerge from The Floating Tree With No Roots. Airdropped to Tree holders. #### Utility: • Seamlessly integrated as a playable avatar within Kiraverse with customizable features #### Supply: 1,000 Unique Assets [https://imxrarity.io/collection/0x4101fb43f4b37c3030d03f4f181b374c099466f5/3](https://imxrarity.io/collection/0x4101fb43f4b37c3030d03f4f181b374c099466f5/3?sortBy=rank\&direction=ASC) #### Collection: # Floating Tree
The Floating Tree With No Roots, the provider of life. Airdropped to EVA & NATE holders. #### Utility: • Holders are eligible for NFT airdrops. #### Supply: 1,000 #### Collection: # Infrastructure The infrastructure arm of the Param Labs ecosystem enables game developers and creators to leverage bespoke frameworks when interacting with our verticals. Here, you’ll find solutions like Pixel-to-Poly enabling users to easily transform IPs into high-quality assets ready to be deployed into games and more. Other solutions under the infrastructural arm include the Param Pools Wager system, and the Ownership infrastructure – housing a game discovery launcher, NFT marketplace, and a proprietary cross-chain infrastructure.
# Pixel To Poly - Developers {% embed url="" %} Our 3D assets offer numerous opportunities to game developers with the aim of enhancing gameplay and design experiences. With Pixel To Poly we envision a far more efficient timeline for game development as we significantly cut the time required for character-asset design and deployment using our commercial toolkit. As we move towards offering commercial use permissions, the scope for integrating these assets in third-party games are limitless. Developers can expect expedited character design, affordable toolkits to easily and rapidly deploy character assets, and interoperable assets that can be readily integrated with other games, engines and platforms. Product docs: # Param Pools Wager System
Param Pools introduces a groundbreaking shift in competitive gaming. Utilizing smart contracts as an automated escrow, players can stake amounts in the pool and claim the pooled funds when they win a game.
This offers immediate potential returns and ensures tangible rewards. With Param Pools, every match becomes a chance for transparent, and real economic gain. During each wager, a 5% fee is deducted from the pooled funds which is sent to the Param treasury and acts as a revenue stream for the Treasury.\ \ **Written Example:** (Two Players Enter Wager - 100 $Param each) 200 $Param is stored in the smart contract escrow 5% fee is deducted and sent to Param Treasury Escrow contract releases 190 $Param to the winner
# Ownership Infrastructure Param Labs' ownership infrastructure provides a Web3 invisible game discovery launcher, a global NFT marketplace, and a cross-chain wallet, all designed to empower users with effortless asset ownership and blockchain utility.

With this infrastructure, small or large gaming studios can easily transition into the Web3 space, granting their players genuine ownership of in-game assets while maintaining the highest standards of security and compliance. # Governance **Governance Parameters** Holders can make proposals that influence some of our Governance Parameters. Usage and Engagement: Implementing achievement systems, quests, and other incentives to boost user adoption. KPIs include daily active users, transaction volumes, protocol fees, and total value locked (TVL). These initiatives are aimed at increasing user involvement in the Param Ecosystem. Ecosystem Development Incentives: This focuses on rewarding dApps, infrastructure providers, and technology partners integral to Param DAO growth. The objective is to cultivate collaborations that strengthen and expand the ecosystem. Special situation and growth: This area covers potential opportunities like acquisitions, token swaps, Treasury sales, $Param buybacks, and other strategic deals to benefit the ecosystem. | Governance Parameters | TBD | | ----------------------------- | -------------------------------------------------- | | Staking Requirements | Yes | | Quorum | Based on funding tier -11.11% to 21.11% | | Approval % | Majority > 51% | | Post Submission Voting Period | 7 days 14 days | | Time Lock | 3 Days with the Committee (Veto) and Param Council | # Param L2/L3 ZK EVM
Param Mainnet is an innovative Layer 2 solution designed to enhance the Ethereum ecosystem and its ethos. It's a general-purpose platform that integrates various aspects of a modular technology stack. Settlement Layer - Ethereum The core of Param's operations lies on the Ethereum blockchain. This means that Param uses Ethereum's robust and secure infrastructure for validating transactions. Additionally, Param introduced its own token, known as "Param," which is used to pay for transaction fees on its network. Execution Environment - EVM At its heart, Param Mainnet runs on the Ethereum Virtual Machine (EVM), ensuring compatibility with a wide range of existing Ethereum applications. However, Param goes a step further by allowing higher layers (Layer 3s) to employ other virtual machines like Move and SVM. This flexibility enables diverse and efficient execution possibilities, including parallel processing and innovative approaches to Parallel Fee Market (to isolate gas fees spikes). Data Availability To optimize costs, Param Mainnet will store its transaction data on a specialized layer known as a Data Availability (DA) layer. This approach aims to strike a balance between cost-efficiency and security. Several potential DA layers are under consideration, including Celestia, Polygon Avail, EigenDA, and NEAR. Decentralized Sequencer Initiative In line with the ethos of decentralization, Param Labs is developing a decentralized sequencer mechanism. This will allow multiple entities to operate the Layer 2 network, thereby reducing risks related to single points of failure and censorship. It also engages the community by allowing them to host sequencers, fostering a more inclusive and robust network. The $PARAM token gains additional utility here, serving as a staking token for those who wish to participate in the sequencing process. Leveraging Param's IP for Shared Network Effect Param Mainnet invites innovators and developers to harness our intellectual property to enhance their projects and ecosystems. This collaboration aims to foster a shared network effect, where every new project enriches and gains from our collective ecosystem. By integrating with Param, developers access our treasury, cutting-edge technology, and supportive community, magnifying their project's potential and scope. Embracing a Web3 Ethos Our philosophy is rooted in the spirit of Web3, emphasizing decentralization, community-driven development, and freedom from traditional venture capital influences. We believe in empowering developers to pursue their visions through our ecosystem fund without the constraints and pressures often imposed by traditional funding models.
# Quests We are truly humbled by the support from over two million registered users and more than 300,000 DAU within the Param ecosystem in less than a year. The Param community continues to grow strong as we usher in a new era of gaming experiences and value accrual to a well-deserving sector of entertainment. We launched Quests to actively engage with our community and show our commitment to bringing more value to stakeholders.
Param Pointshttps://paramgaming.com/#/points
# 🔐 FAQs & Help Articles
FAQs **Are Param Points tradeable?** * No, Param Points is an off-chain virtual currency within the Param ecosystem. These points cannot be bought or sold directly but can be amassed through various activities and utilized to claim a range of rewards and benefits within the ecosystem. **What blockchain will $PARAM be on?** * **Ethereum** **What can you use Param Points for?** * Used to claim $PARAM token airdrops * Used to claim NFT airdrops * Used within our merch store **How can you earn Param Points?** * Earned through our "Farming" system * Earned through our gaming asset incentive "Soft Staking" system . **Who are developing the Param Gaming Ecosystem?** * Param Labs is an independent game and technology development studio specializing in multiplayer blockchain games and innovative technology development. [www.paramlabs.io](http://www.paramlabs.io) **When will the first in-house developed game be out?** * Kiraverse is currently in open Beta, however a final release date is still TBA.
Help Articles This page is under constructions, please check back later. :construction:
# Roadmap
# Legal Disclaimer This param Litepaper, provided for informational purposes only, should not be interpreted as investment advice, financial advice, trading advice, or any other kind of advice. The information contained within this document is subject to change at the sole discretion of Param and its affiliated entities, including Victory Vault Limited. The $PARAM token, designed for use within the Param ecosystem, aims to provide various levels of utility to its users including token holders and other stakeholders. It is important to note that ownership of $PARAM token does not equate to an economic interest in \`param or any of its affiliated entities. Param and its affiliates, including Victory Vault Limited, do not grant any rights, either expressly or impliedly, beyond the right to use $PARAM token within the Param ecosystem. Specifically, Param and its affiliates explicitly deny any suggestion that $PARAM tokens represent or confer any form of ownership right, stake, share, security, or equivalent rights, nor any right to future revenue sharing, intellectual property rights, or any other form of participation in connection with any param product or the Param entity itself and its corporate affiliates. Param and its affiliates, including Victory Vault Limited, reserve the right to limit or prohibit the use of $PARAM tokens within the Param ecosystem. Param disclaims any responsibility for direct consequential loss or damage of any kind arising from (i) reliance on information provided in this Litepaper, (ii) any errors, omissions, or inaccuracies in this information, or (iii) actions taken based on this information. Except as otherwise expressly stated in writing by Param, $PARAM tokens are provided on an “as is” and “as available” basis without warranties of any kind, and Param specifically disclaims all implied warranties regarding the $PARAM token. Nothing in this Litepaper constitutes a prospectus or an offer document of any sort, nor does it intend to offer securities or solicit investments in securities. Participation in the Param ecosystem, including receipt of $PARAM token through mechanisms like airdrops, does not represent an exchange of value for any securities or shares in any project or entity. The Litepaper and any part thereof, as well as any copies, must not be transmitted to any country where distribution of this document and its information is restricted or prohibited. \`no regulatory authority has reviewed or approved any of the information set out in this document. \`the publication of this Litepaper does not imply compliance with applicable laws, regulatory requirements, or rules. To the fullest extent permitted by applicable laws, regulations, and rules, Param its founders, team members, including but not limited to Victory Vault Limited, and any third parties involved in the project, including but not limited to Victory Vault Limited, shall not be liable for any type of loss or damage arising out of or in connection with the acceptance or reliance on information in this Litepaper. All statements in this Litepaper and public statements made by Param and its affiliates, including Victory Vault Limited, that are not historical facts are “forward-looking statements”. This Litepaper should not be considered as advice regarding participation in the Param ecosystem. Param disclaims all representations, warranties, or undertakings in any form in relation to the accuracy and completeness of the information in this Litepaper. Token holders are responsible for securing their wallets or storage mechanisms for $PARAM token, including any necessary private keys or credentials. Loss of access credentials may result in the loss of $PARAM token. Param, including Victory Vault Limited, is not responsible for any losses related to lost access credentials. All transactions involving $PARAM token, whether on the Ethereum blockchain or any other platform, are the sole responsibility of the token holder. Param reserves the right to launch the $PARAM token on a blockchain of its choice and is not obligated to use the Ethereum blockchain or any other specific blockchain.