StarSharks WhitePaper 2021

1 StarSharksAS OF NOVEMBER 30 Please note, the WhitePaper is considered to be a working document and will be updated as andwhen required in line with the latest to data in DappRadar sDAPP Industry Overview:August 20211,the Game-Fi sectorsaw its usage increase by 17% compared to that of July, and around 880,000 unique gamingwallets interact with a smart contract on a daily basis, with the number of active walletsincreasing to the surging popularity of CryptoPunks and CryptoKitties in the blockchain industry in2017, the NFT market started to grow exponentially, and the pandemic that broke out in 2020accelerated the development of the entire NFT advancing and maturing NFT market creates a favorable environment for the birth ofGameFi.

2 GameFi originally denoted gamified finance , a concept combining DeFi, NFT, andgaming. GameFi is a remaking of traditional gaming business models by innovating and blendingDeFi, NFT and games into a new application scenario. GameFi introduced financial products intogames, enabling game players to play for profit and empowering the DeFi and NFT market viaexpanding their adoption scenarios. Many startups have thrived on this boom and witnessedthe explosive growth of GameFi, including Axie Infinity, My Neighbor Alice and Alien on this wave of growth, many GameFi platforms have emerged, most of which link theirvarious in-house developed games with a unified in-game token, thus creating more applicationscenarios for the token to circulate in.

3 But they all fail to look further than the earliest GameFiconcept - making mining more fun and lowering the entry threshold for players , is GameFi really just no more than a derivative of DeFi, no more than a financialgame?We all know that GameFi is based on the shared recognition of NFTs value, which means thatNFTs enable the P2E model. NFTs can generate value themselves; the shared recognition ofNFTs value justifies the value of GameFi. Game refers to games that are meant for creatingapplication scenarios in which NFTs create value. Fi is finance, which derives value fromtransactions of items that are recognized as valuable.

4 Thus, it is NFTs themselves that underpinthe GameFi value creation core of ContentFi, as the name suggests, is content, and to be specific, the potentialapplication scenes of NFTs. The value of NFT lies in its scarcity, uniqueness, and the universalrecognition of its value. Games represent simply one application scenario in which users buildconsensus. As more application scenarios are created, NFTs can unlock more possibilities andenable more relevant and immersive experiences for users, thereby creating new :Dapp Industry Overview: August 2021 ( )1 StarSharks IntroductionWhat is StarSharks ? StarSharks is a Shark-themed metaversedefined and shared by thecommunity with a sustainable economic Mission:We aim to explore the infinite possibilitiesof NFT as a creativity infrastructure, tosubvert existing content and value sharing models with community co-creation and sharingmechanisms so that creativity and value can thrive in communities once Goal.

5 To start with quality in-house developedgames and fuel their growth with lego-likemodular component technologies to be made progressively accessible to explore infiniteapplication scenarios of NFTs with the community, players and developers together in a spirit ofco-creation and sharing; to create a metaverse underpinned by universally recognized NFTassets, each of unique value, for players to have fun to their heart s Values of StarSharks : Co-creation: We invite players to co-create contentand gameplay to jointly define thefuture of NFTs; Universality: We build highly compatible NFTs basedon efficient in-house developmentto keep expanding application scenarios of NFTs; Sharing: The vast majority of the platform s revenuewill be shared with and by thegaming Elements of StarSharks : NFT assets and application scenarios jointly defined by the community Expansions of Shark genes to diversify the appearance of NFTs.

6 Multiple quality in-house games developed based on NFTs and the token system,combined with SDKs to be progressively made accessible to external developers,drive the creation of unlimited application scenarios for NFTs on the platform . Strategic roadmap of the StarSharks platform Early on, the platform will develop five quality in-house games and graduallyunlock a variety of NFT application scenarios such as PvP, breeding simulation,racing and card to initially build the platform ecosystem; Subsequently,the community can vote and decide whatnew game modules andgameplay will be unlocked; Concurrently, we will bring in external developers and give them access to SDKsto create more application scenarios.

7 A sustainable dual-token economic system powered underlying economy: : SSS: The governance tokenthat authorizes stakersthe rights to share the valueof the StarSharks metaverse IP via DAO and the rights to define the future of theStarSharks metaverse2 SEA: The game tokenfor players to enjoy and build their own metaverseexperienceStarSharks platform modules (Phase I): Marketplace system The Marketplace is the all-encompassing trading place on the StarSharksplatform that allows users to trade; Players need to buy Mystery boxes on the Marketplace (Sharks, the basic NFTsrequired to join the game); Players can spend/consume SSS and SEA tokens to modify and enhance NFTs onthe Marketplace.

8 NFT leasing system:The platform offers a lessor andlessee matching system for idleSharks, allowing players to trade. Game system:A collection of multiple games Players can obtain output in various forms from the collection of games,including SEA, the currency in circulation, and NFTs; Players that are ranked high in competitive games are entitled to rewards of SSS,the governance tokens. Staking in the liquidity pool: The platform sets upa liquidity pool in which players canstake their SSS governance tokens in exchange for VeSSS and become LPs, who areentitled to share 70% of the platform s platform modules (Phase II): Independently developing more games based on the Shark metaverse; Gradually giving external developers access to SDKs.

9 Building and shaping the culture of the Shark HighlightsHighlight 1: Built-in leasing systemTo lower player entry barriers with the built-in NFT leasing market, StarSharks has a built-inleasing market that maximizes users interests withmany StarSharks NFTsand makes theplatform more accessible to those without a StarSharks NFT (other NFTs available for leasing willbe offered in following games).Why a built-in leasing system?We believe that thepotential of Game-Fi users is yet to be fullydeveloped:on the one hand, many investors purchasea large number of NFTs but fail to gainanything from games; on the other hand, P2E players are who are itching to play are deniedaccess by the threshold requirement of having three designed the leasing system to4bridge the to the leasing system:Users can list their StarSharks NFTs on theleasing market for others to rent and set the expected earnings and days of rental.

10 The rentaltime is capped at six hours a day,and StarSharksNFTs that generate less than expected earningscan continue to be listed on the market for detailed process is illustrated by theflowchart below: Leasing rules:(1) A lessee is not allowed to rentmore than three Sharks concurrentlywhile no such quantity restriction is imposed on the lessor (2) Users who lease Sharkswithout using them in games are subject to certain punishment, this is designed toprotect lessors interest. (3) The splitting of earnings is governed by the reward andpunishment mechanism to protect the interests of both lessors and lessees. Earnings sharing:The SEA tokens that a lessee earnsin games will be partially granted tothe lessor at a dynamically adjusted percentage of the SEA tokens earned to the lessor sexpected earnings.