FAQ
Frequently Asked Questions (FAQs) about the Muamma Project
What is the Muamma project all about?
Muamma is a blockchain-powered platform that incorporates gamification with cryptocurrency incentives. Centered around the Muamma App, it offers users the chance to earn Muamma Tokens (MMA) by participating in knowledge-based quizzes. Each quiz increases in difficulty and potential earnings as users progress. Access to these quizzes requires ownership of Muamma NFTs, which act as the entry key and a multiplier for rewards.
How do I get started with Muamma?
To get started, you need to download the Muamma App and purchase a Muamma NFT using Muamma Tokens. This NFT will serve as your pass to participate in quizzes and start earning MMA.
What are Muamma Tokens (MMA)?
Muamma Tokens are the native cryptocurrency of the Muamma ecosystem. They are used to purchase Muamma NFTs, participate in games, and reward users for their correct answers in quizzes.
How does the quiz mechanism work?
Each quiz consists of 8 questions, with each correct answer earning tokens. The quizzes are designed with escalating difficulty, with the reward for each correct answer increasing as you advance through the quiz. However, to participate in these quizzes, you must have a Muamma NFT and spend 'charges' associated with it.
Can I earn more tokens if I have a high FactorX?
Yes, FactorX is a multiplier associated with each Muamma NFT. The higher your FactorX, the more tokens you earn per correct answer. FactorX values start at 1.0000 and increase as you answer more questions correctly.
What happens when my Muamma NFT runs out of charges?
When the charge value of your Muamma NFT falls to zero, you need to recharge it to continue participating in quizzes. Recharging your NFT requires tokens, and the cost is calculated based on the value of the last question of the quiz multiplied by your FactorX and the number of charges you wish to purchase.
What is the purpose of token burning in the Muamma ecosystem?
Token burning in the Muamma ecosystem serves two main purposes: to regulate the supply of MMA tokens, thus countering inflationary pressures, and to preserve the token's value. Reducing the supply can potentially increase the value of the remaining tokens, benefiting current token holders.
How are tokens burned in the Muamma ecosystem?
Tokens are burned in Muamma through two primary activities: NFT recharges and marketplace transactions. When users recharge their NFTs, a portion of the MMA tokens used for this process is permanently removed from circulation. Similarly, a part of the transaction fees from the NFT marketplace is also dedicated to token burning, ensuring that the ecosystem's economic activities contribute to the token's scarcity and value.
How does the FactorX feature work?
FactorX increases your earnings by acting as a multiplier for the tokens you earn from answering quiz questions correctly. Your initial FactorX value is determined when you mint your NFT and increases with each correct answer. The growth rate depends on the difficulty of the questions you answer.
What is the significance of the 'level' in Muamma NFTs?
While the level feature is currently inactive, it is designed to become a crucial element in the future, particularly in the XERIOS web3 game. The level indicates the progression of an NFT based on the FactorX value; as the FactorX increases, so does the NFT's level.
What are the plans for the XERIOS game?
XERIOS is an upcoming MMORPG that will serve as the pinnacle of the Muamma ecosystem. The power dynamics within the game will be influenced by the strength of a player's Muamma NFTs, aligning with the broader vision of creating a comprehensive and engaging web3 experience.
Are there any costs involved other than purchasing an NFT?
Aside from the initial purchase of a Muamma NFT, players must maintain their NFT charges to participate in quizzes. Each quiz costs one charge. Furthermore, the recharging of NFTs and potential increases in FactorX may also involve additional token costs.
Can I sell or trade my Muamma NFT?
Yes, Muamma NFTs are fully transferable and can be sold or traded on secondary markets, allowing users to liquidate their NFTs or invest in different ones within the Muamma ecosystem.
How often are new quizzes released on the Muamma App?
New quizzes are regularly released on the Muamma App to ensure fresh and engaging content for users. The frequency and schedule of new quizzes can be found within the app's update logs or announcements.
How is the Muamma Token price determined?
The price of Muamma Tokens, like any cryptocurrency, is subject to market dynamics. It can fluctuate based on supply and demand, market sentiment, and the overall performance of the crypto market.
What is a Derivation Path?
In the world of cryptocurrencies, a derivation path is a way to generate multiple addresses (keys) from a single master key. Think of it like a tree, where the master key is the trunk, and the derivation path helps you navigate to different branches and leaves.
Why is it Important?
Organization: It helps keep your crypto assets organized by generating unique addresses for different purposes.
Security: You only need to back up the master key. All your addresses can be recreated from this single key.
Privacy: By using different addresses for different transactions, your privacy is better protected.
How Does it Work?
A derivation path is written in a specific format, like this:
Here’s what each part means:
m: This stands for the master key.
purpose: This defines the standard being used (e.g., 44 for BIP-44).
coin_type: This indicates the type of cryptocurrency (e.g., 0 for Bitcoin, 60 for Ethereum).
account: This is your account number.
change: This shows whether the address is for receiving payments (0) or change (1).
address_index: This is the specific address number.
Example
For Bitcoin, a common derivation path looks like this:
44'means it follows the BIP-44 standard.0'indicates it's for Bitcoin.0'is your first account.0is used for receiving payments.0is the first address.
Summary
A derivation path helps you create many addresses from one key, keeping things organized and secure. It's like a guide that tells your wallet where to find your crypto addresses.
Keep an eye on our official channels for updates, tips, and more detailed guides on getting the most out of your Muamma experience. Whether you’re a quiz aficionado, an NFT collector, or a crypto enthusiast, Muamma has something to offer.
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