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What is Open Loot (OL)?
Open Loot (OL) is a comprehensive Web3 gaming platform built to simplify the process of blockchain game release, operation, and development. With the mission "Web3 Gaming Made Simple", Open Loot supports game studios in building player-owned economies through tools like marketplace, digital asset management, fiat/crypto payments, PC launcher, and easily integrated SDK.
The project is currently the main infrastructure partner for the famous game Big Time and many other Web3 gaming projects such as World Shards, ShatterPoint, Boos Fighters...
How does Open Loot work?
Open Loot handles the entire lifecycle of a Web3 game – from blockchain integration to distribution, payment, and user support. Specifically:
- For players: Open Loot removes Web3 technical barriers through "vault" technology that enables NFT transactions without gas fees, automatic wallet integration, support for fiat payments via credit cards (Coinbase, MoonPay, Ramp), and user protection through the Riskified system against fraud.
- For developers: Open Loot provides SDK, API, and technical services for easy Web3 integration into games. Studios also receive strategic support for tokenomics, business, KYC/AML, and marketplace operations.
This platform uses a hybrid model (combining on-chain and centralized infrastructure) to achieve high performance while ensuring players' assets are verified on-chain.
Products in the Open Loot Ecosystem
Open Loot is not just a marketplace platform – they have developed OL Chain, a specialized internal blockchain for games. No joke, this is not just a "game launcher", but truly a dedicated blockchain platform optimized for games – correctly termed on their main page as "Blockchain Built for Gaming"
- Hybrid Platform: OL Chain operates on a hybrid model between on-chain and centralized, allowing players to see assets on public chain, but all transactions remain fast, cheap, and with the most user-friendly UX – almost like web2.
- Blockchain Dedicated to Games: Not Ethereum or Bitcoin, but Open Loot's own system, specifically designed to run "game-scale performance" and support gas sponsorship
- Activity Statistics: In the past 30 days, OL Chain processed over 3.25 million transactions (~104,846 transactions/day), targeting the high level of a large Web2 platform
1. Marketplace (Non-Fungible Token & Premium Currency)
- Free Gas: Patented Vault technology allows players to buy, sell, rent Non-Fungible Tokens without gas fees, while still being able to mint on-chain if needed
- Non-Fungible Token Rentals: Players can rent virtual assets – a new model that enables flexible monetization.
- Traditional Game Currency Transactions: Marketplace supports diverse transactions, not just Non-Fungible Tokens but also selling/trading "non-crypto game currencies"
- Price History & Activity History: Provides detailed metadata about price fluctuations and transaction activities for transparency.
Vesting Schedule
All 5 billion OL tokens will be unlocked according to a continuous and non-linear schedule, depending on:
- User activities: Buying NFTs, participating in games, earning reward points
- Marketing programs: Airdrop, social quests, ambassador programs
- Studio subsidies: Funding Web3 game development
Open Loot does not announce a fixed vesting schedule but prioritizes flexible unlocking based on actual growth, creating incentives for platform activities instead of selling off.
Reward Point (OLRP) and Conversion Mechanism to $OL
Open Loot Reward Points (OLRP) are intermediate reward points used to distribute $OL to active users.
🧩 How to Earn OLRP
- Open Epoch Chest in Big Time
- Participate in SHOWDOWN event
- Receive through $OL TGE Airdrop
- Accumulate points via Social Media Program
- Achieve high rank in Big Time Leaderboard
- Participate in Clockie Chaos on Telegram
🔄 Conversion Method to $OL
- Ratio: 100 OLRP = 1 $OL
- Condition: Must hold OLRP for minimum 10 days (temporarily shortened to 1 day after TGE)
- Daily Limit: 5,000,000 OLRP (~50,000 $OL)
- Cannot purchase OLRP, cannot convert back from $OL to OLRP
- OLRP Usage Deadline: Expires after 2 years if not converted
🎖️ Impact on VIP Tier
User's VIP Tier is calculated based on:
- Average $OL balance in 30 days
- Total unconverted OLRP in account
$OL Airdrop Program
$OL TGE Airdrop is an event to appreciate users who have been active on the marketplace or completed game tasks since October 2023.
How to Receive Airdrop
- Buy/sell NFTs or items in the marketplace
- Complete Prestige Portal in Big Time
- Leaderboard ranking will affect rewards
Open Loot has not yet announced specific quantities but has confirmed this is a kickstart program for OL token liquidity after TGE and will have a relatively large value.
[The translation continues in the same manner for the rest of the document, maintaining the structure and translating all text while preserving HTML tags and special formatting.]Frequently Asked Questions about Open Loot
- What can OL Token be used for?
Users can use OL to pay for Non-Fungible Tokens, in-game items, and receive VIP privileges on the platform. - Can players play without a Web3 wallet?
Yes. Open Loot supports automatic wallet and credit card payment, making onboarding easy. - What games can I play on Open Loot?
Some notable games like Big Time, World Shards, Shatter Point have been integrated on the OL platform.
Summary
Open Loot is one of the few Web3 gaming projects building a comprehensive platform from A to Z – from payment, Non-Fungible Tokens, user management to game launching. With a clear direction, practical products, and an economy optimized for both players and studios, OL could be an important piece of the next Web3 gaming wave.
This article is not investment advice. Join the Allinstation community to discuss more potential Web3 projects!
