FAQ

Frequently Asked Questions:

All the questions were asked by game developers, gamers, and VCs. We hope that covers almost everything about the OviO ecosystem

Q: How do players earn OviO tickets?

A: Players can earn OviO tickets by completing game missions, buying in-game items, minting NFTs, trading tokens, sending gifts to friends, and more.

Q: What is the OviO token (OVT)?

A: OVT is OviO's crypto token and serves as the way to partake and engage with the OviO Exchange.

Q: How can users obtain OVT?

A: Users are awarded with OVT per any action taken on the platform. Users can obtain OVT by playing any game on the platform and completing game missions and quests, users can stake their OVT to support the liquidity of the OVT on OviO exchange and earn extra tokens, earn fees aggregated from the HEX, and participating in social events.

Q: Can users cash out their OviO tickets for ETH?

A: Yes, OviO is working on enabling users to cash out their OviO tickets for ETH in the near future.

Q: Is OviO only for Web3 games?

A: No, OviO connects both traditional and Web3 games, offering a seamless experience for players.

Q: What is the HEX?

A: HEX is a centerline exchange utilizing automated market maker algorithem aggregator. As an OviO token holder, users gain exclusive access to the profits generated from HEX on every token swap.

Q: How does OviO protect its users?

A: OviO has several security mechanisms in place to prevent fraud and attacks. Tokens purchased by players are owned by them since they're the sole owners of their wallets. All transactions are visible on the blockchain, and OviO supervise on all activity done on the platform.

Q: What do you mean by solving game developers liquidity problem’?

A: Web3 game developers face the liquidity paradox when using tokens as in-game currencies. Tokens need to be listed on a DEX, which requires to lock of USDC/T or ETH in a smart contract. However, as the game grows, the token price skyrockets, creating a barrier to entry for new users. By working with OviO, game developers deposit their tokens vs. OviO Credits that are backed by users’ in-app purchases, solving game developers' liquidity paradox and barriers to mass adoption.

Q: Can you give an example?

A: Data shows the negative correlation between the number of active wallets and the price of the token. As the price of the token increases, fewer users interact with the game - a higher barrier to entry due to liquidity deficiency in the market. further more when token is unstable or highly volatile.

Q: Limitless liquidity’, how is this possible?

A: The OviO platform is based on OviO Credit, a USD pegged Web2 currency. OviO Credit's liquidity is derived from its peg to USD in Web2 and its value is based on the traditional gaming industry. It can be swapped into a Web3 game token, providing it with the stability of a USD-based currency trusted by billions and exchangeable for crypto tokens. This translates to unlimited liquidity for any Web3 game token on the OviO platform.

Q: Why is there no integration for all web2 games?

A: OviO is an integrated partner with AppsFlyer, Singular and Adjust, which are implemented in over 90% of mobile games in the market. These partnerships allow any gaming company associated with the mentioned platform to collaborate with us by simply flipping a switch on their consoles.

Q: How does the supporting of OviO Credits and Tickets accure?

A: Our partners do not need to support our currencies. We handle the exchange of value by providing OviO users with their in-game currency, whether it's a web2 or web3 token.

Q: What is the content of the SDK that is required for web3 games?

A: The SDK is automatically installed by a one-line code function and creates a seamless onboarding and in-game interaction with traditional gaming users. It combines both frontend and backend capabilities. For a visual understanding, refer to our web3 product tutorial video.

Q: It states ‘Exchange and Trade’. Does this mean that there will be an OviO NFT Marketplace or just exchanging and gifting/trading in-game tokens and coins?

A: Currently, users can exchange OviO Credits back and forth with any web3 game token on our platform, creating exchange and arbitrage opportunities. Additionally, we plan to add NFT support for purchases, sales, and P2P trades in the form of a marketplace. NFTs could be bought and sold with OviO Credit, establishing a floor price for all NFTs across games and opening up opportunities for investors and traders.

Q: Can OviO Credits be exchanged with Fiat Currencies?

A: No, OviO Credits cannot be exchanged with Fiat Currencies.

Q: Can both OviO Tickets and Ovio Credits be converted into in-game soft currencies for Web2 and tokens for Web3 games?

A: Conceptually correct with this important note - OviO Credits and Tickets can be converted into in-game hard currency in Web2 and any tokens supported by Web3 games.

Q: Can Web2 in-game currencies be exchanged with OviO Tickets or OviO Credits?

A: No, Web2 in-game currencies cannot be exchanged with OviO Points/Tickets or OviO Credits.

Q: Can Web 2 in-game currencies be exchanged into Web3 tokens?

A: No, Web2 in-game currencies cannot be exchanged into Web3 tokens. Only to OviO credits/ tickets are exchangeable into Web3 tokens.

Q: Can Web3 tokens be exchanged into any other Web3 tokens or OviO Credits?

A: Yes, Web3 tokens can be exchanged into any other Web3 tokens or OviO Credits.

Q: Can Web3 tokens be exchanged into OviO Tickets/Points?

A: No, Web3 tokens can only be exchanged to OviO Credits.

Q: Can a Web2 currency be exchanged with another Web2 currency?

A: Currently not, but our system already supports that technically, it’s more up to the Web2 game developers to decide if they wish to turn that service on via OviO.

Q: Why would web2 game studios be interested in using OviO?

A: Traditional (Web2) game studios are interested in using OviO's platform to acquire high value users and incentivize game events completion via external rewards, such as OviO Tickets that can be used across games.

Q: Do players need to be over 18 to use your platform due to the integration of web3 wallets?

A: No, players do not need to be over 18 to use OviO's platform since it does not offer cash-out or money rewards for game activity.

Q: What kind of things are in place for consumer protection?

A: OviO has security measures in place to prevent fraud and attacks, as well as automatic trading safety mechanisms to preserve game currencies/tokens. Tokens purchased by players are owned solely by them, and all transactions are visible on the blockchain.