Fishing Frenzy, the free-to-play web3 RPG developed by Uncharted, has officially released the whitepaper for its $FISH token. The document provides a detailed overview of the token’s role within the game’s ecosystem, its utility, and the innovative Proof of Contribution (PoC) system designed to reward both on-chain and off-chain activity. The developers have not announced a date for the Token Generation Event (TGE) yet.
Fishing Frenzy Reveals Whitepaper
According to the whitepaper, $FISH is an ERC20-C token built on the Ronin network and intended to serve as more than just an in-game currency. The token is designed to reward players for meaningful contributions to the Fishing Frenzy ecosystem. Actions such as playing the game, creating content, participating in community events, or supporting the platform in other ways can earn $FISH, making it the central element of the game’s broader economy.
In addition to $FISH, a companion token called $xFISH will be used exclusively as a spend-only currency for rewards. Players can convert between $FISH and $xFISH under certain rules, which helps regulate in-game economies while incentivizing active participation. The whitepaper stresses that the token system is designed to prioritize long-term engagement and sustainable growth over short-term speculation.
Bonus $FISH, Airdrops, and Rewards
The whitepaper outlines several ways players will use $FISH within Fishing Frenzy. It will be required to access premium content, unlock additional game modes, participate in the “diving” risk-to-earn mode, and repair NFT fishing rods. $FISH can also be staked to earn Karma, a reputation-based system that provides access to revenue sharing, lower withdrawal fees, and other benefits. Players with higher Karma scores may qualify for bonus $FISH, airdrops, and other rewards, emphasizing the game’s focus on rewarding consistent contributions rather than short-term play.
The tokenomics for $FISH set a total supply of 1 billion tokens across both $FISH and $xFISH. The majority of the tokens are allocated to community and growth initiatives, while smaller portions are reserved for the team, advisors, liquidity, and treasury. Token release schedules are tied to fully diluted valuation (FDV) milestones, meaning certain allocations unlock only after the token reaches specified market valuations and conditions are met, such as staking a portion of initial airdrops. At launch, the circulating supply is expected to be around 27.5%, with the remaining tokens unlocking over a 24-month period, supplemented by FDV-based milestones.
Ronin Pools and Karma
Karma is a core feature of the $FISH ecosystem. It functions as a contribution score that measures a player’s overall activity and support of the game. Players gain Karma by staking tokens, providing liquidity to $FISH and Ronin pools, making in-game purchases, trading $FISH, playing the game, creating content, and referring new users.
High Karma scores unlock access to premium content, lower withdrawal fees, and proportional shares of in-app purchase revenue. Karma also plays a role in determining eligibility for future airdrops, whitelists, and other ecosystem benefits. The system is designed to ensure that players who meaningfully engage with the game and community are consistently rewarded.
Web3 Casual Fishing Game
Fishing Frenzy combines casual fishing mechanics with cooking and a player-driven economy built on blockchain assets. Drawing inspiration from games like Stardew Valley, Dave the Diver, and RuneScape, the game offers a mix of bite-sized gameplay loops and a layered economy that grows over time. Players can catch rare and NFT fish, trade NFT rods and chests, cook meals, and compete in weekly leaderboards that reward NFT gear.
Since launch, Fishing Frenzy has achieved over 10 million installs, 25,000 daily active users, $1 million in revenue, and $2.5 million in on-chain NFT volume. Developers are working on new game modes, skill specialization, multiplayer features, and mobile versions for Android and iOS. The game can currently be played for free on PC via the official website, allowing users to start as a guest before connecting a wallet or signing in via social accounts.
Frequently Asked Questions (FAQs)
What is $FISH in Fishing Frenzy?
$FISH is an ERC20-C token on the Ronin network that serves as the primary currency for the Fishing Frenzy ecosystem. It rewards player contributions both in-game and through community activity.
What is $xFISH?
$xFISH is a spend-only companion token used for rewards and in-game economic sinks. Players can convert $FISH into $xFISH under defined rules.
How does the Proof of Contribution model work?
The Proof of Contribution (PoC) system rewards players based on meaningful engagement with the game and community, rather than simple gameplay or speculative trading.
What is Karma?
Karma is a contribution score that tracks player engagement, staking, trading, and content creation. Higher Karma unlocks rewards, premium content, lower fees, and eligibility for future airdrops.
When will $FISH be available?
The Token Generation Event (TGE) date has not yet been announced. Circulating supply at launch is expected to be around 27.5% of the total token supply.
How can players start with Fishing Frenzy?
Players can try the game for free on PC via the official website. They can start as a guest or connect a wallet or social account to integrate $FISH and $xFISH into their gameplay.