In order to produce valuable goods in Black Market 2, you need to have at least one Fidelion NFT staked. Each NFT has different stats depending on its Fame level, stats, Purity, etc. The most important strategy in Black Market 2 is to place the right NFTs in each production process and combatant slot.

Affiliation

Fidelion NFTs were released in two collections: Harriers (1st Collection), which are NFTs with attributes of the 9 factions in the Fidelion universe, and Citizens (2nd Collection), which are part of the Fidelion Empire.

NFTs from each faction can be deployed in manufacturing activities to mine sSPL, but the difference is that Faction NFTs manufacture Luxuries and Empire NFTs manufacture Raw materials. (See the sSPL section)

Fame

NFTs can build up their fame by spending $VALOR tokens. The amount of $VALOR tokens is required to proportionally increase each level of the fame. The maximum level of Fame is 50.

As the NFT's Fame level increases, the maximum number of stats that can be raised increases, and the NFT can be placed on higher slots. (See the )

Power Stats

NFTs can spend $VALOR to level up their Power stats. There are five Power stats in total, of which LUK and DEX affect NFT's efficiency in the manufacturing process, while HP, ATK, and DEF are used to determine chances of winning in Looting (Battle). Each stat has a maximum level of 90, and the amount of $VALOR to increase the stat increases proportionally. (See the )

Purity

Harriers have a different set of attributes, each of which belongs to a specific faction. Purity is a measure of how much of an attribute an NFT has for a particular faction. In other words, if an NFT has 3 attributes like "[HT]~~~", it has a Purity of 3 for Hunters.

The categories of Attributes that determine purity are listed below.

• Accessory

• Clothing

• Eyewear

• Full-face Mask

(Note: Purity does not apply to Citizens)

Gold attributes

Some NFTs have special attributes that are made of gold. These gold attributes will give a boost to the production process. The list of attributes defined as Gold Attributes is as follows

Special attributes

Some NFTs are not gold, but have rare attributes. The community calls these attributes Special attributes. Below is a list of Special attributes that are strongly recognized by the community. NFTs with Special attributes receive a boost during production.

Trade count

Trade count shows how many times the NFT has been traded on Fidelion's own marketplace (does not include trades on Magic Eden and Tensor). The more traded NFTs receive a discount when leveling up Fame and Stat. The discount rate is calculated as follows.

For example, if the NFT has been traded 50 times on Fidelion's own marketplace, the discount rate will be 5%. The maximum discount rate is 30%.

Project Fidelion is primarily focused on enhancing the experience for NFT holders. To transform the experience beyond merely acquiring tokens through staking, the studio has been launched a staking website - The Black Market, in 2023.

In less than a year, the Black Market has generated over 1 million transactions and has become the most actively played NFT-Fi with over 90% of holders. However, the simplicity of the Black Market, its limitations as a solo game, and its sustainability remained an issue.

Therefore, we decided to launch a new NFT-Fi, Black Market 2. Black Market 2 is designed to be a more complex and interesting strategy-based game than the simple iterations of the original Black Market, but it also inherits the story of the original Black Market. Black Market 2 is a prequel universe to the original Black Market 1, which tells the story of how the Luxuries looted by the Harriers were produced. Black Market 2 also adds a number of De-Fi elements (Customed DEX, customed sSPL, etc.) that will further enrich the game's ecosystem.

Black Market 2 launches with a new NFT collection, Empire NFTs, and a new utility token, $VALOR. While you can still play Black Market 2 with the existing Harriers, Citizens will play a key role in producing the raw materials that underpin the game. The existing Black Market utility token, $2080, will be used to mint the Citizen NFTs.

The tokens rewarded through staking content can be used in various channels within the Fidelion ecosystem, contributing to the revitalization of the ecosystem.

There is high demand for luxury items from each faction among the Empire’s elite, leading the Empire to post regular procurement announcements to officially import these luxuries.

Procurement plans are created twice daily, at 00:00 UTC and 12:00 UTC. At these times, the exact posting time remains hidden from users. Instead, each procurement goes live at a random time slot, excluding 00:00 UTC, 06:00 UTC, 12:00 UTC, and 18:00 UTC.

Specifically, plans created at 00:00 UTC are posted at a random time between 01:00 and 11:00 UTC (covering 10 time slots). And plans created at 12:00 UTC are posted at a random time between 13:00 and 23:00 UTC (also covering 10 time slots).

The quantities and prices of these imported luxuries fluctuate. Since managing these variables is critical to controlling inflation in the black market, we have developed an Automated Token Distributor (ATD) and integrated it into the procurement system. The ATD automatically adjusts the daily procurement quantities and prices, helping stabilize $VALOR’s inflation.

The stealable SPL (sSPL) is a new token specification created using TOKEN2022 that is designed to be SPL compliant but not send or spend tokens outside of Black Market 2. This new token specification allowed us to implement our own DEX, while still enabling game mechanics where you can steal tokens from your opponents through a looting system.

In Black Market 2, 11 sSPLs and 1 standard SPL ($VALOR) are used, with the sSPLs divided into 2 raw materials and 9 Luxuries.

Raw materials

Citizens can manufacture the raw materials $MRE and $OIL with minimal processing. Raw materials are essential to the process of manufacturing Luxuries, i.e., they serve as the basic resources for all processes. However, $OIL and $MRE are resources manufactured in the empire, so there is no need to import resources through procurement.

Oil - $OIL (Empire)

Oil is the foundation of Fidelion's development and its sustaining power. Extracted from drilling plants and finally refined at the Fidelion Tower, the refined oil is the most valuable resource, with a versatility comparable to Valor currency.

MRE - $MRE (Empire)

The staple food of the Fidelians. Due to its stable supply and practicality, it is treated as a currency almost as valuable as oil. We can’t say they taste great, but expecting gourmet quality is just too much to ask given that the whole planet has become a barren wasteland. But wait, how are they growing ingredients in such a wasteland?

Luxuries

Harriers can manufacture Luxuries based on raw materials. Luxuries are specialties that symbolize each faction. Through each faction's process, raw materials can be processed into Luxuries using NFTs' labor and time.

Voodoo Doll - $VD (Blattas)

Most members of Blattas carry a crude voodoo doll made from twigs. These dolls are used to decorate their bikes, as companions when they have no one to talk to, and as grave markers when their young comrades are laid to rest beneath the earth contaminated with radioactivity.

Gold Teeth - $GT (Hunters)

When the Hunters capture prisoners, they meticulously inspect prisoners’ teeth and collect gold ones. These gold teeth are considered as the trophies of successful hunts, as well as accessories and tokens. Stories even speak of Hunters implanting these stolen gold teeth into their own gaping, toothless gums. However, this seems more likely to be a myth than reality misled by their infamous brutality.

JB Whiskey - $JBW (JackNBoyz)

We all at least once heard the famous quote from Jack, the leader of JackNBoyz.

"Even if the world were to go down to shit, there is one thing I would never give up on. Whiskey.”

The essence of JB Whiskey may be closer to crude home-brewed beer than actual whiskey, but aren’t mood and the label all that matters?"

Canteen - $CT (Nine Fingers)

The bottles that members of Nine Fingers carry around all the time raise several questions: what exactly is inside them, where to obtain them from, and why Nine Fingers always carry them, etc. However, no matter which question you ask, there's only one answer you'll ever hear: "Ask Dave.”

G Badge - $GB (Gary's Lounge)

The G badge symbolizes Gary's Lounge. This badge serves as a pass to the lounge's secret chamber, where critical missions, smuggling deals, and highly confidential discussions take place. To obtain the badge, one must complete a secret mission assigned specifically by the faction leader Gary.

Holy Water - $HW (Caballeros)

Members of the Caballeros each create their own bottle of water through personal purification methods. Which are then blessed by the faction's leading priests to be considered as Holy Water. The issue lies in the violent nature of the blessing ritual, which diverges significantly from the customs of any era.

Used Engine - $UE (Quasars)

To achieve independence from petroleum energy produced in Fidelion, the Quassars had to seek alternative energy sources. Surprisingly, they advanced to creating bipedal combat mechs using coal. Their technological prowess has positioned them as one of the few formidable forces capable of challenging Fidelion.

Enhanced Bullet - $EB (Zaikasha)

For Zaikasha, there are never enough bullets to bring down Fidelion's massive fortress walls. When producing reinforced bullets, members of ZaikaSha primarily use stolen bullets from Fidelia's weapon factories, as there's no greater satisfaction than piercing through the enemy's skull using ammunition stolen directly from them.

Oil Lighter Case - $OLC (Kossacks)

The lighter case symbolizes the pride of the elite unit, Kossacks. It requires a lengthy and complex process to obtain it. One must prove oneself within the faction, receive commendations, personally procure the raw materials, and deliver them to a skilled craftsman, so one can finally grasp this lighter case in one’s hand. Yet, considering the symbolism and swagger of this lighter, the arduous journey is deemed worthwhile. Of course, assuming one is confident enough not to perish along the way.

"---ha, speaking of revenue, I've been hearing about this group called '[REDACTED] [REDACTED] Cartel'. They don't raid things; they actually build their own facility to create each faction's products. Making those products by hand, connecting all the factions, and selling them on the Black Market would be a load of money, don't you think?

--- But yeah, you're probably right; it's likely just more nonsense from random idiots."

Sometime around 2080, in the world of Fidelia, there are two distinct groups of people: those inside the Empire Fidelia and those outside it. Within the Fidelion Empire, everyone has a role, even slaves. Nothing goes to waste; everything is fully utilized.

In stark contrast, people outside Fidelion live in a completely opposite situation. They do whatever it takes to survive and make a profit. Whether they belong to a faction with specific tasks or are random harriers, they must find ways to get by. Among the outsiders, there are various ways to earn money. As a player, you were involved in this world as a raider, attacking other facilities to steal goods and valuables.

LUK

The LUK stat increases the probability of Critical that the amount of output will increase by a multiplier when manufacturing is complete.

The production of Raw Materials or Luxuries for the Empire and each Faction requires sufficient labor and time. The number and type of processes that produce each product varies by faction, and up to 6 NFTs can be deployed per process. Naturally, in order for an NFT to work for a particular faction, it must prove to be a member of that faction. An NFT must have at least one of the attributes of that faction in order to be deployed. After several processes, sSPL can be earned, which can then be sold on the black market or through procurement announcements to earn $VALOR, the common currency of the Empire.

All factions except Empire require $OIL or $MRE in the initial processing phase. This $OIL or $MRE must be stored in each faction's OIL Tank and MRE Storage, not in the user's wallet, before it can be used in the process.

The OIL Tank and MRE Storage have a limited capacity and can be expanded using $VALOR in five stages. The costs to expand Tank and Storage are as follows.

Because Tank and Storage exist independently for each faction, upgrades are not shared. When expanding Tank and Storage, be thoughtful about faction selection and deck composition.

Each account's HP, Attack power, and Defense Power are determined by the sum of the stats and boosts of its deployed combatants.

When account A attempts to loot B, the rates of A winning are calculated as follows.

A faction's factory will not accept traitors, so only NFTs that have at least one of the faction's attributes can be deployed.

Each process in each faction has 6 slots, so there can be up to 6 NFTs per process. When deploying NFTs in the process, you can start at a lower level. For example, if you want to deploy an NFT on the 4th slot, you must have other NFTs on the 1st through 3rd slots. Initially, only the first slot is unlocked, and a certain amount of $VALOR is required to unlock the next slot. NFTs placed on higher slots will receive a bigger boost to their manufacturing power. (See the boost section)

Because each process exists independently, the results for Slot Unlock are not shared. When unlocking Slots, be thoughtful about your faction choices and deck composition.

All processes for all factions except the Empire require input materials. If enough input materials are available, the NFT will begin manufacturing from the moment it is deployed.

While each process has a base output, there are some factors that can exponentially boost output. The factors that boost production are Stats, Deployed Slot, Purity, and Gold or Special Attribute.

The combination of each boost except Stats is an additive operation, not a multiplicative operation.

Stats

Among the stats, LUK and DEX have a significant impact on the productivity of NFTs (see Power Stats for more details).

Deployed Slot

NFTs placed on higher slots will receive a bigger boost to their manufacturing power. The boost percentage based on the number of slots is as follows. For deploying on higher slots, NFTs need higher Fame level. (See the )

Purity

NFTs placed in a particular faction will receive a larger manufacturing boost if they have a higher purity for that particular faction. The boost percentage based on the purity is as follows. Additionally, each faction's Commander receives a massive boost.

(Note: Purity does not apply to Citizens)

Gold Attribute

NFTs with the Gold Attribute receive an additional 20% productivity boost. (See the section)

Special Attribute

NFTs with the Special Attribute receive an additional 20% productivity boost. (See the section)

Example

If an NFT has the following stats and boosts, the NFT has a production expected multiplier value of 4,848% according to the formula below.

• LUK level: 90 -> 10x with 45% probability

• DEX level: 90 -> 75% reduced rate

• Special attribute: yes -> 20%

• Gold attribute: yes -> 20%

Looting is a PvP system that is a core feature of Black Market 2. Are you just waiting for the price of your tokens to increase? If so, you'll have to be on your toes to make sure they don't get looted before then.

Users can search for other users in the Wasteland and attempt to loot them, and if successful, take a certain amount of their sSPL tokens. Failure will leave the deployed Combatants injured and incapacitated.

Combatants

In order to loot other users' tokens, or to defend against looting, you need to deploy combatants. There are 10 combatant slots, one for each faction, and NFTs can only be placed in a slot if they have a Purity of 1 or higher for that faction.

Deploying more than 5 combatants provides a 10% boost to all stats (HP, ATK, DEF), while deploying 10 combatants provides a 20% boost.

Shuffle

Before you can loot, you need to search for a target to attack. When you click the Shuffle button, one of the accounts with at least one sSPL token will be randomly matched. Users are entitled to one free shuffle per day, and if they don't like the match, they can pay $VALOR to try up to three additional shuffles per day.

Premium Shuffle is a slightly more expensive option that allows users to be randomly matched with one of the top 10% of users with the highest value of their current balances.

Once a user has been looted and their tokens stolen, they are protected for 12 hours and cannot be matched, and if they successfully defend themselves, they are protected for 4 hours.

Battle

By pressing the Battle button, you can attempt to loot the matched account. Before starting the battle, you will be given a preview of your chances of winning, which is calculated by comparing the total stats of the Combatants on both accounts. (For more information, see the section)

A user can only attempt to loot once per 18 hours.

Revenge

Want to get revenge on someone who looted you? Hit the Revenge button and you'll be matched against the last opponent to loot you.

Steal rate

Currently, the steal rate is 30%, meaning that a successful loot will take 30% of all sSPL held by the opponent. The attacker does not lose sSPL even if they lose. This number is subject to change in a balance patch.

Broken rate

Some of the sSPLs taken on successful looting may be broken during the looting process. Broken sSPLs will be automatically burned. Current broken rate is 10%(this can be changed by balance patch update). So, currently, the successful attacker will get 20% of all sSPL held by opponent.

Resting & Injured

Upon successful looting, the deployed combatant NFTs will be in the Resting state, and upon failed looting, they will be in the Injured state.

• Resting: Cannot be unstaked for 18 hours. Production activities can continue as normal.

• Injured: Permanently unstakable and unavailable for deployment at manufacturing and battle. The power of injured combatants won't be reflected to user's power. The NFT can be recovered by paying $VALOR. Remains Resting after recovery (as long as it is within 18 hours).

Overview

The Automated Token Distributor (ATD) is a core component of VALOR's token distribution strategy. This document explains the ATD’s budget distribution mechanisms.

1. Budget Distribution

ATD’s budget distribution framework employs a probabilistic approach based on a standard normal distribution to allocate resources effectively across various tokens and market segments.

Key Definitions and Variables

• Normal Distribution (PDF): A probability distribution function used to allocate budgets fairly, with a mean of 0 and a standard deviation of 1.

• Budget Allocation Ratios: Ratios are derived from the PDF to determine the portion of the total budget allocated to each token.

• Total Budget: It is set at 110% of the inflow over 12 hours. It is rounded down to 9 decimal places, and the remainder is discarded.

Process Explanation

1. Total Budget Calculation:

   1. Case 1 (Accumulated Inflow < Accumulated Outflow):

      • The total budget is set at 110% of the inflow over the past 12 hours plus any carried-over budget

2. Price Setting

The ATD's price-setting mechanism dynamically adjusts token prices around an ideal price to reflect market values.

Key Definitions and Variables

• Ideal Price (): The target price for the tokens.

• Reference Price (): The market price of the token in Black Market.

• Next Price (): The price of the token after adjustment.

Standard Deviation Calculation

The standard deviation is calculated as:

This calculation determines the range of price fluctuations around the ideal price , adjusting for market volatility.

Price Determination Model

Random Price Determination Model

This model dynamically calculates the next token price using a probability distribution function centered on .

Detailed Process

1. Define Price Range:

   • Establish the effective price range for the next pricing cycle:

2. Generate PDF:

   • Create a normal distribution centered on

Data

Examples

PDF and simulation when the ideal price is 2.28

PDF and simulation when the ideal price is 50.4

Overview

The Virtual Automated Market Maker (vAMM) system is the core of Black Market's exchange. vAMM facilitates exchange between sSPL and VALOR tokens to ensure price stability and adequate liquidity.

Key Definitions and Variables

• Volatility Parameter: Parameter to control volatility. Calculated with C and k value

• k: Constant to give minimum stability to the system

• : Total supply of specific sSPL tokens.

• : Total supply of specific sSPL tokens before the calculation.

Models

The vAMM model dynamically adjusts the token price to provide appropriate stability and volatility while ensuring symmetry in trading.

Symmetric Model

vAMM calculates the price after the trade using the symmetric model.

• Calculation based on sSPL amount

• Calculate based on VALOR budget

Average Price Model

vAMM swap transaction works based on the average price before the trade and the adjusted price after the trade.

Price Adjustment Due to External Changes

If the supply of sSPL tokens changes outside of vAMM trades, the system adjusts the price using the following equation:

Initial price

Examples

1. Swap:

   1. Buy: Paying VALOR to buy 1 sSPL

      • Stability constant sSPL (after buying)

      • Current supply sSPL

A ruthless dictator, Jake keeps a check on the rising nobility whose wealth exceeds his control. Some of the players who hold sSPL will be raided by Jake's forces, apart from looting by other players.

Jake's Exploitation is designed to implement a robust depletion model for sSPL. Its primary function is to regulate the total supply of sSPL within the ideal range, safeguarding the desired volatility in the DEX system. Jake's Exploitation has the following rules:

Jake's Exploitation has the following rules:

• Jake's army tries to invade and exploit 20% of all users once a day (this number may change in future balance patches). Users who are attacked by Jake have one of two choices

1. Give in: The user can pay 10% of their sSPL to Jake to get out of the situation.

2. Fight back: The user can fight back against Jake, and if they win, they can move on quietly without any exploitation. However, if the user loses, 30% of their sSPL will be taken by Jake. But, losing does not turn the combatant NFTs into a injured state.

• Jake's army has exactly the same ATK, DEF, and HP as the user's, so the win rate is always 50%.

• If the user's current HP is 0, the Fight back option is not available.

• Even if the user was recently looted and is in Protection, it won't stop Jake from looting them.

• All sSPL looted by Jake's Exploitation system will be burned.

This system will be activated soon.

There's a Black Market on Fidelia, where all sorts of black marketeers gather to trade goods in secret. The Black Market is Fidelion's own vAMM-based DEX, where users can freely trade raw materials and luxuries.

The Black Market offers swap functionality by default and provides liquidity for a total of 12 pools. Of these, the $VALOR-$SOL pool is integrated into Jupiter for free trading and liquidity, while the other 11 pools are liquidated based on vLP and can only be traded on the Black Market.

Available Pool

• $VALOR - $SOL

• $OIL - $VALOR

• $MRE - $VALOR

• $VD- $VALOR

• $GT- $VALOR

• $JBW- $VALOR

• $CT- $VALOR

• $GB- $VALOR

• $HW- $VALOR

• $UE- $VALOR

• $EB- $VALOR

• $OLC- $VALOR

Trading Fee (Tax)

Trading fees on the black market are 4%, which is a tax, with 50% going to each faction's tax collectors and the other 50% going to the Treasury. For example, 50% of the fees generated by the $VD-$VALOR pool will be earned by the Tax Collectors who chose Blattas on Black Market 1. However, the tax collectors of Empire (Citizen NFTs) will get 100% of trading fee as tax-from OIL&MRE pairs-.