5.5. Third-party developers

Third-party developers are an important part of the LuckyMeta ecosystem. To support game development and operation service providers to access the LM Metaverse, LuckyMeta has designed a contract mechanism according to the following principles:

• Third-party developers must purchase the platform currency LMT and stake it into the developer's vault DV. The more LMT the developer stakes, the higher its ranking in the DAPP, and the easier it is for players to see it.

• The developer management contract DM is responsible for the service and management of third-party developers. The developer invokes the contract to fill in their LMG and LMT collection accounts and select the ratio of the share to LuckyMeta. The minimum share is 50% and the maximum is 90%.

• Let the developer's code name be DP. After the staking and registration are completed and approved by LuckyMeta DAO, the DM will generate an ERC20 token for the developer's DP: LMG-DP. The default price of LMG-DP is 0.01U, which is equivalent to LMG.

• The developer's vault contract DV will automatically convert the LMT staked by DP to the ERC20 token LMG-DP and the same amount of LMG at the current price; the vault contract will add LMG-DP to the AMM DEX that comes with the contract, and finally Form LMG-DP/LMG trading pair.

• If the developer DP stakes 100,000 U of LMT, the DM will automatically issue 10 million LMG-DP, and automatically add 10 million DPG and 10 million LMG liquidity in AMM DEX.

• There is player P1, and P1's account has LMG 200,000. When it enters the DP game, it will convert LMG that does not exceed 1% of the LMG-DP liquidity into LMG-DP, and players use the LMG-DP to play games developed by DP.

• Players and investors can also directly buy and sell LMG-DP tokens in the AMM DEX that comes with DV.

• When players log out of DP games, the system will automatically convert their LMG-DP to LMG.

• During the above process, players' log-in and log-out DP games will generate transactions in AMM DEX, and ultimately determine the price of LMG-DP.

• The LMG-DP consumed by P1 in the DP game is credited to the DP's management account in the DM contract. P1 can sell this part of LMG-DP and convert it into LMG to realize its income.

• If P1 obtains LMG-DP income in DP games and takes it away and converts it into LMG, LMG-DP will depreciate. When the depreciation exceeds 50%, the DV contract will require the developer to make up the DP position, otherwise, it will The LMT staked by DP is liquidated.

Among them, AMM DEX is an important part of LuckyMeta's built-in exchange, and its implementation mechanism is like the simplified version of Uniswap V2.