FAQ | Fashion League

FAQ

Q: Fashion League General

Fashion League is the first-of-its-kind RPG fashion shop simulator on the blockchain. Play for free and earn for fun. We are building an inclusive space with a low entry barrier. A mobile-first game with high mass market potential releasing on iOS, Android, PC and Mac in 2023. Fashion League combines already successful games with unique and innovative features.

With an extremely attractive play-to-earn mechanism as well as fun gameplay based on shop management, fashion design and PvP features, Fashion League aims to be attractive to crypto and game enthusiasts as well as onboard newbies to increase diversity in blockchain and gaming.

Fashion League was created by Finfin Play. A company incorporated under the laws of Switzerland. Their team is based in Zurich and Los Angeles.

Play-to-Earn is a new category of games where players complete various tasks and are rewarded with tokens or other cryptocurrency-based rewards, which they are free to use in-game or trade on an open market, thereby turning their in-game earnings into real-world currencies. This represents an important shift in gaming where in-game assets used to be traditionally kept restricted to centralised platforms that controlled all in-game economies.

But rather than calling it Play-to-Earn, we prefer to describe Fashion League as a Play-and-Earn game because we prioritize creating a fun and entertaining platform. The earning part should come second.

Our team is working tirelessly on delivering the beta version for Q1 2023, with a worldwide launch in Q2 2023. Dates are subject to change.

Yes, Fashion League will be a free-to-play game. You can play the game just for fun, or you can earn money by using the blockchain features within the game. You can earn while playing even without holding one of Fashion League’s NFTs. Holders of Fashion League’s NFTs will earn more and faster (depending on the NFT’s rarity level).

Fashion League rewards time spent and skills acquired with virtual in-game cash. Fashion League NFT owners will earn in-game cash faster than non-NFT owners. Once a week, there will be a conversion event held on our Marketplace during which you will be able to convert earned in-game cash into DSIGN tokens, Fashion League’s utility token. DSIGN tokens can be exchanged for crypto currency or fiat money on any crypto exchange platform.

Once our game has launched (Q1, 2023), you will be able to download the game for mobile and PC on our website under “Game – Download Game”.

Yes, there will be a DAO to shape the future of Fashion League. According to the roadmap, Fashion League’s DAO will be introduced in late 2023.

The easiest way to stay up to date is to subscribe to our newsletter and follow us on social media.

Send your question to the Fashion League team at: info@finfinplay.com or join our discord channel. Our moderators will be more than happy to help.

Q: Marketplace, NFTs, Minting

Fashion League Marketplace is the official channel where it will be possible to buy, trade, stake and rent NFTs and $DSIGN tokens. Players need to connect their crypto wallet to the Fashion League game ID, which can be done on the online marketplace.

The first NFT drop will be 10,000 animated, playable and tradeable NFT Shop Owners, which will be unique and extraordinary. The allocation of the NFTs and their rarity will be totally random (Common, Rare, Ultra Rare, Epic, Legendary). You will be able to trade them, use them in the game once launched to activate booster functions that will get you more rewards (depending on their rarity level), rent them out to other players, stake them to earn money passively, get early access to future NFT drops like Land Sale, use them as PFPs (Picture for Proof and Profile Pic), and much more.

The NFT Shop Owner drop will be followed by a Land Sale later on. Holders of the NFT Shop Owners will have early access to Fashion League’s Land Sale. Each Land plot will hold a certain number of other players’ shops. Players will have to pay sales taxes from their in-game earnings to the Land owners their shop is built on. The allocation of the Land plots and their rarity will be totally random (Suburban, Urban, Prime Location).

In addition, there will be clothing and accessory NFTs created by you! In the game, players can enter monthly design competitions by submitting their 3D clothing and accessories designs. Through community voting, there will be a winning design that gets upgraded into a playable and tradeable NFT. Winners will earn sales commission on each piece of clothing based on their NFT design that is sold within the game.

NFT Minting Events will be announced on our website and on our social media channels. Subscribe to our newsletter and follow our social media to make sure not to miss any news and event updates:

Yes, once the game has launched, and if you want to play with a NFT Shop Owner in the game instead of a regular Shop Owner (to e.g. activate booster functions and earn money faster), you can rent an NFT from another player on our Marketplace. The rental fee and duration will be the lender’s decision. Fashion League provides the platform for such trades, but is not involved in the contract entered into by the lender and renter.

Yes, Fashion League provides a staking program for their NFTs. Depending on the total NFTs in staking and the rarity-level of the NFT, the yield can soar to high levels, leaving the NFT holder with the decision to stake or play using the NFT.

We will upload a tutorial on how to create a wallet and connect to Fashion League very soon on our website. In the meantime, please check out the videos we posted on our Educational Videos Page.

We will upload a tutorial on how to mint a Fashion League NFT very soon on our website. In the meantime, please check out the videos we posted on our Educational Videos Page.

Q: Tokens, Tokenomics

The DSIGN Token (ticker: $DSIGN) is Fashion League’s utility token using ERC-20 token standard. It will be used in the game as an economic incentive to encourage players to participate in the ecosystem activities. Moreover, they will be tradeable between users on crypto exchange platforms.
There will be a limited supply of 888,888,888 DSIGN tokens that will be distributed to players over time.

The FNLG Tokens (ticker: $FNLG) are given to players as a reward for staking DSIGN tokens. Also, they may be distributed to community members for certain actions as deemed appropriate by Finfin Play and later by DAO governance under a reward programme.

Players can get DSIGN tokens by converting in-game cash to DSIGN tokens in the weekly conversion event or by competing in design challenges. Staking NFTs will also be rewarded with DSIGN tokens.

The FNLG token, the governance token, will be distributed among the players and community members once the game has launched.

While playing the game, players can accumulate in-game cash depending on time spent, skills acquired and their shop-owner character. The rarer the shop-owner NFTs, the more skilled it will be and will therefore accumulate more in-game cash. Non-NFT holders will be able to accumulate in-game cash as well. During the weekly conversion events, players can convert their in-game cash into DSIGN tokens. A player will be faced with the decision of either cashing out or leaving their in-game cash in the game.

Q: General Terms Explained

A Metaverse is a concept of a persistent, online, 3D space that combines multiple different virtual spaces. It revolutionises the way society works and lives online whilst connecting users in all aspects of their lives, such as building, buying, selling, owning, socialising, entertaining, working and learning. Players don’t just play the game anymore, they also use it for other parts of their lives in ‘cyberspace’. Moreover, metaverse is available to anyone. This opens up opportunities to people from all over the world regardless of race, gender, and socio-economic status.

In our case, a gaming guild is an organisation that coordinates players around the world to earn crypto-based rewards in play-to-earn games. They give access to their members, often referred to as ‘scholars’, to play and earn via the NFT renting mechanism which enables the empowerment of people from all over the world. They attract traditional gamers to blockchain games and Web 3.0 whilst teaching them about cryptocurrency and providing guidance on how to earn income through play-to-earn.

A Non-Fungible Token (NFT) is a digital asset that represents ownership to a physical or digital item. NFTs are created through a minting process which includes the creation of a smart contract that is stored on the blockchain, a distributed public ledger that records transactions in a transparent, traceable, and verifiable manner. The smart contract contains information regarding the NFT including the creator of the work, other parties entitled to royalties each time the NFT is sold, and its ownership history. NFTs can be transferred digitally – bought, sold, and traded online on open digital marketplaces, often with cryptocurrency.

This refers to a NFT lending and borrowing process, and represents a type of income source. While this model comes in many forms, in gaming, NFT holders can rent out their NFTs to other players (e.g. Shop-Owner or their Land plot). The earnings that are acquired during the time that the individual is playing with the NFT are then divided between the owner and the player.
This concept is useful for gaming ecosystems if there are NFT holders who do not actively participate on the platform. It gives NFT owners the option of leasing their digital assets to other players as an alternative to selling them.

Staking refers to the process of ‘locking’ or ‘holding’ digital assets on a blockchain in order to receive staking rewards and other benefits to support the platform operations, and/or to contribute to the security and efficiency of the blockchain network. Staking NFTs allows holders to earn a return on their collection while maintaining ownership.

A decentralised autonomous organization (DAO) is a fully automated business structure managed by its members. It is based on a decentralised governance and community-first approach which offers a more socially-conscious structure. The organisation is constructed by rules enforced by smart contracts, which are stored on a blockchain and enforced when predetermined conditions are met. These rules encoded as a computer programme are transparent through the blockchain and controlled by the organisation’s members. It provides an automated way to carry out governance decisions voted on by its members using a governance token.

Token: a unit of data stored digitally on the blockchain, associated with ownership access (to game assets, art, collectibles, real estate).

Governance Token: a crypto token that includes voting rights and that is issued to users to represent each person’s stake in the DAO.

Minting: the process of formally converting digital data into crypto collections or digital assets on the blockchain so that it becomes immutable and tamper-proof. The only way to remove it is by burning, which is an irreversible process that destroys the token/NFT and completely removes it from the blockchain.

Here is a great glossary of crypto terms we think is very useful.

On our website under Educational Videos we present a couple of videos that we think explain the most essential things you need to know to get started very well. There will be more video content over time.

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