Parsec Frontiers is a massive multiplayer online persistent world with a virtual economy blockchain. Players can explore the Milky Way galaxy, extract and trade resources, freight goods, attack others at their own peril, manufacture new and more advanced objects, research technology, create or join alliances and utilize ownership of space stations and resource extraction rights to ultimately expand their empire and wealth. All in-game items and resources are stored on a blockchain.
Parsec Frontiers' economy is open and player-controlled. The currency for facilitation of trade and measure of wealth are Parsec Credits - an ERC20 token shortened to PARSEC. It is used for transactions on trading exchanges throughout the galaxy, for transactions between the participants and for transactions with the backend system. Parsec Credits will be traded on secondary markets against major coins like BTC, ETH as well as fiat currencies.
The blockchain asset transparency provides a secure, trustless game environment, which combined with the liquidity of cryptocurrency exchanges transforms the virtual items into investable assets alongside more traditional asset classes. Combined with a deflationary mechanism related to economic activity, holders of Parsec Credits should see steady value growth. The project is undertaken by renowned game development studio Artplant, based in Norway and Russia. The team of 15+ people have 5-25 years of game dev experience, and extensive experience with MMOs and virtual worlds. This document further details how the world will be created, the technical considerations and the mechanics of the economy and gameplay