What is Cometh?

In a galaxy far, far away, a new blockchain-based game has emerged - Cometh. Combining the thrill of intergalactic exploration, the excitement of strategic battles, and the security of the Ethereum blockchain, Cometh takes Web3 gaming to a whole new dimension. But what sets Cometh apart from other games is its "play-to-earn" model, where players can earn real-world rewards for their gameplay.

The first version of the game was deployed in 2021 by the gaming studio Cometh. NFTs were experiencing their first bull run, and the timing couldn’t have been better. Unlike the vast majority of NFT projects from 2021, Cometh wasn’t here for just one season. 

The team has extensive knowledge about blockchain and gaming and they work with companies like Lacoste to integrate Web3 features into their experiences. As a young Web3 game studio, Cometh catered to the hardcore DeFi Ethereum fans by deploying the game on Optimism network. Their first offering of NFT Spaceships was sold within minutes, leading to a solid user base early on.

One of the premises of Cometh is that spaceships explore the galaxy to mine asteroids and sell the resources on ComethSwap, a fork of Uniswap. In some way, Cometh offers a gamified DeFi experience tied to an in-game economy. 

Each component of Cometh is decentralized: users own their items in the form of NFTs, the NFT marketplace is P2P, and ComethSwap is completely permissionless (no KYC is required). All you need is a crypto wallet and some MATIC to pay for the gas fees!

When it comes to security, the team behind Cometh is solely in charge of the protocol integrity. The code is open-source, however, the community does have a say in future developments of the game.

In its current structure, Cometh has never been hacked. ComethSwap already is based on the most secure DEX on Ethereum, Uniswap. Because it’s deployed on Polygon and Optimism, transactions on Cometh are secured by Ethereum.

Cometh has its native token called MUST ⚗️. It is a utility/governance token that acts as the in-game currency. Users MUST stake their tokens into a smart contract, called Tube, to redeem their spaceships. Using this lockup mechanism, the price of MUST grows in value the more players join. 

How does Cometh work?

Cometh is an Ethereum-based play-to-earn game. The action takes place in outer space, where players mine asteroids for resources. In-game resources are in the form of rare metals that can be traded on the Cometh marketplace and exchanged for MUST tokens.

The game is free to play. New players receive a free ship and a standard deck of cards. As they progress, players have the option to upgrade their spaceships and collaborate with others to mine asteroids more efficiently.

Did we just say "card game?" You heard that right! Cometh has two games: one that requires players to mine asteroids across the universe, and a card game in the veins of Gods Unchained or Hearthstone. Both games have finely tuned economics to incentivize players. Let's explain how each Cometh game works!

Cometh Spaceships

The first version of the game sends players in the heart of the cold cosmos with one mission: mine comets for cosmic rewards. The game map was designed for multi-solar traveling. In other words, players have more than enough room to go to unexplored corners of galaxies. Every space traveler knows that space is cold and lonely. This is where the collaboration mechanics come in!

Cometh's principle is to pull yourself (your spaceships) towards other players/spaceships to get as close to the Cometh as possible. Moving across comets takes fuel paid in MUST tokens. Cometh takes 5% fees on each pull5% fees on each pull. 

For example, if your pulling price is 0.010 MUST, Cometh will take 0.0005 MUST which correspond to 5%. You will receive 0.0057 MUST for helping other players pulling them.

When close enough to a comet, players can inspect its resources and decide whether to mine or move on. Comets are smart contracts that contain various type of tokens i.e MATIC, MUSt, GHTS, and so on. After a comet has been mined, it will disappear.

Mining has a daily limit set by the spaceship specs. Spaceships can be upgraded in the Cometh marketplace in order to increase stats such as Mining Area, Mining Power and Cooldown.

In order to mint spaceships, players must stake their MUST in the Tube to earn DUST. Spaceships that can be minted are separated from the marketplace. Users who want to buy from other players have the option to pay in MATIC.

The floor price for a new spaceship starts from 130 MATIC and can go for as much as 300K MATIC. The most expensive spaceships are tagged as Mythic. Not only they are extremely rare, but they are also extremely performant. Players can grind for a better spaceship and then sell it at a profit. This is how play-to-earn works on Cometh.

100 MATIC sounds like a lot? Cometh offers new players the solution of renting spaceships for much cheaper. There's no way to prove ownership than being able to rent your in-game NFT, and Cometh comes close to the famous guilds in Axie Infinity.

Rentals have a fixed duration for rental. The mining revenue is shared between the owner and the borrower as a fixed percentage. Because the rental has a fixed duration, the lender can't stop the rental earlier unless both parties agree. This guarantees the terms of the agreement are respected and borrowers can't just run away with the NFT.

Cometh makes lending possible using a collection of NFTs. Because NFTs can't be directly transferred to the renter, the contract will generate a few copies of that NFT. These NFT will represent permissions over Cometh Battle, and Cometh Marketplace. Renting has been specifically designed to incentivize gaming guilds. With a strong community, guilds can increase their ranks and score profits with their collection of spaceships.

Cometh Battle

Cometh Battle is a free-to-play tactical PvP card game. Players must strategically combine ship and deck before the confrontation and handle battle hazards. Users own their ships and cards as NFTs,  which gives them the freedom to trade, sell and use them in any way they like.

As a new player, you have a basic deck with 40 cards. Playing ranked games gives you the chance to win MUST and improve your deck. 

Cometh Battle has more than 300 cards and over 50K active players. The game launched in 2022, which means there is plenty of opportunity to join in early and collect cards. These cards can later be sold on the marketplace for a hefty profit.

ComethSwap

This is where the DeFi component comes in. ComethSwap is an L2 DEX that lets you swap any ERC20 tokens at a low cost within seconds. The DEX runs on Polygon's L2 with intertwined capabilities with the game, as portions of fees generated circle back to players while properly incentivizing liquidity providers.

Users who want to multiply their MUST can become liquidity providers on ComethSwap and earn a portion of the trading fees for the respective pools. The LP tokens can then be yield farmed for even more MUST rewards.

How to make money on Cometh?

Cometh offers various ways for players to earn while playing the game and engaging with the wider Cometh ecosystem. The play-to-earn system is derived from mining asteroids and using ComethSwap. It is important to mention that playing Cometh won't amount to life-changing earnings. At best, Cometh falls into the side-hustle category. But that doesn't mean you can't make some money while playing a fun game.

Cometh Mining

As an astronaut, your mission is to explore the space and collect resources. Each comet contains a fixed number of ERC20 tokens that can be mined daily. This introduces an element of unpredictability, as users have to get close enough to the comet to identify what resources it stores.

New players are equipped with a default spaceship. As you can imagine, the spaceship you start with is quite limited. You can only mine a limited number of resources on a daily basis and the cooldown lasts longer. On the good side, you can experience the game for free – a small amount of MUST is required for pulling yourself to the comets. It is still cheaper than a Steam game, considering that you can earn from playing the game.

This is still a bird's eye view presentation of the game mechanics. The gameplay is more complex, especially when it comes to the spaceship stats and variety of things players can do. If you like realistic space exploring, then Cometh is for you.

The game has been designed to incentivize collaboration. During the space journey, you will meet players from all corners of the universe who will offer their pulling services. If you want to take it to the next level, there's the option to get involved into Guilds. The full list of Guilds is listed on the Cometh website. 

As you advance through the game and mint new spaceships, you can rent them to new players. As the lender, you receive a portion of the comet mining rewards. The terms of the rental contract are set by the lender and the duration is fixed. As a lender, you are guaranteed to maintain possession of your NFT spaceship after the rental expires.

The idea is to commit for the game long enough to start earning a profit. After you have amassed a fleet of spaceships, you can earn passively just from renting them. If at any point you feel like taking profits, you can head to the Cometh marketplace and sell your spaceship. 

Cometh Battle

Cometh battle is the newly launched card game where users can go PvP. Cometh Battle is primarily a fun game to play. Earning comes from two main sources: the marketplace and tournaments.

By winning fights, players get rewarded in ERC20 tokens. These tokens can be used to craft boosters that contain cards. If the card is of no use to you, it is possible to put it up for sale on the Marketplace. The price of the cards is dictated by their rarity and stats. We won't spoil the surprise and let you discover the cards listed on Cometh.

Another way to make money is by joining tournaments. The majority of the tournaments are sponsored by Cometh, and as you can tell, they offer attractive rewards to the best players. You have nothing to lose and everything to earn by joining.

ComethSwap

Making money on ComethSwap is akin to using a DEX. As an LP you receive a share of the transaction fees for the pool you've joined. The next step is to stake your LP tokens and earn farming rewards in the form of MUST tokens. 

Price Prediction for MUST: Can it hit $1000?

Buying and hodling MUST — the native token of Cometh — is one way of potentially making money on Cometh.

By looking at its current price, it’s natural to think about the chance of MUST hitting $1000 per token. This can happen sooner, or way in the future, and is determined by a couple of ever changing factors.

Let’s examine the potential growth of the MUST token by analyzing its tokenomics. MUST’s current market cap sits comfortably at ${MARKET_CAP}. With {CIRCULATING_SUPPLY} MUST tokens being in circulation today, that means a price of {PRICE} per MUST.

How did we come to that calculation? It’s quite easy, the price of a MUST token is equal to its current market cap divided by the number of tokens in circulation. Dividing ${MARKET_CAP} by {CIRCULATING_SUPPLY} gives us a result of {PRICE} for each MUST coin. 

By changing the order in the simple formula above we can use it to calculate other things as well. This helps us a lot because we can deduce the market cap of MUST at different token prices. Then, we can use the result to compare it to the current state of the network and see what would be required for MUST to hit that price.

At a price of $1000 per token, that means the current market cap of MUST would equal ${{CIRCULATING_SUPPLY} * 1000}. Remember that we arrived at this number by multiplying the amount of circulating tokens by $1000.

Now let’s shift our attention to the fully diluted market cap.

Some blockchains may have their tokenomics built in a way that only a small percentage of tokens are circulating at the beginning. This can be misleading because we don’t have the full picture and only take into account the current number of coins released in the market.

The fully diluted market cap represents the total value of a coin if all tokens were in circulation. MUST’s whole supply of tokens is {MAX_SUPPLY - TOTAL_SUPPLY + CIRCULATING_SUPPLY} MUST which means that no more coins above that number will ever be created.

These tokens are not created at the discretion of a specific entity. They are created automatically by the network to reward different actors that keep it secure.

How does this impact the price of MUST? Taking into account the current price of a MUST token, that would result in a fully diluted market cap of ${MAX_SUPPLY - TOTAL_SUPPLY + CIRCULATING_SUPPLY * PRICE}. MUST coins that have been burned are not taken into consideration because they have been permanently removed from circulation.

Whether it seems gigantic or not, the number we came to above only takes into account the current price of a MUST token. Doing the same calculation but with a price of $1000 gives us a result of ${{MAX_SUPPLY - TOTAL_SUPPLY + CIRCULATING_SUPPLY} * 1000} for the MUST protocol fully diluted market cap.

These are all crucial details to know when calculating if MUST can reach the price of $1000 per token. If the diluted market capitalization is way too high, the token has little room left to grow. Blockchains in general have no cap on the value they can reach, whether that number seems possible it’s totally up to you.

The future of MUST depends solely on its growth as a network used by tens and hundreds of millions of users.

If you’re looking to add some MUST to your portfolio, the most trusted places to get some are Binance and Coinbase.