Game7 DAO has officially announced that they have decided to make a number of key structural changes to their blockchain gaming ecosystem.
Game7 DAO is making a number of comprehensive structural changes to their ecosystem in order to form a strong foundation from which to build on for the long-term while helping foster a “powerful token economy.”
“Change is hard and tends to make people uncomfortable, which is why we're avoiding incremental adjustments that wouldn't address fundamental issues.”
The key changes include the following:
When it comes to revenue allocation restructuring, all USDC generated from the Citizen Pool is now allocated for $G7 buybacks. The previous distribution model for this pool had USDC leaving the ecosystem instead of strengthening it, so by changing it to a token buyback design, the team aims to reward long-term stakers and bolster the value of their token.
A couple of adjustments are being made to $G7 tokenomics in an effort to further improve token value over the long term. This tokenomics realignment involves burning around 39 million unclaimed airdrop tokens, reallocating 10% of community tokens to reward core contributors over 12 months with a 4-year vesting period, and adjusting revenue split to 20% for the Citizen Pool and 80% for operations. Burning unclaimed airdrop tokens is said to remove them from circulation and as such is being done in order to lower excess supply and improve long-term token health. Reallocating 10% of community tokens to core contributors allows the team to create long-term incentives for builders while benefitting the $G7 token, and the new revenue split aims to ensure sustainable growth by funding and supporting core development while still allocating a portion for the new strategic buybacks model.
The staking system is being revamped to utilize a flex-staking model with 72-hour cooldowns, replacing existing staking options that involved longer staking periods of 60, 90, and 180 days. This has been done due to previous staking options restricting the team’s ability to swiftly adapt to market changes, but your staking badges will still count as multipliers for upcoming airdrops. Staking positions are said to be transferrable, with the portal marketplace also allowing users to now buy and sell them as well.
As for the rewards system, the redesign discontinues G7 Boxes with USDC and diamond prizes due to them not aligning with “real ecosystem value, so we’re shifting toward impact-based rewards instead.”
Portal changes involve the removal of Quests, Credits, LootDrops, and Diamonds Store tabs, with the features planned to be overhauled to fit a new strategy and platform release.
The reputation system is being redesigned to be focused on actions that directly contribute to the growth and revenue of Game7. All past contributions will be retroactively rewarded once the new reputation system goes live, with rewards based on metrics such as XP, engagement history, staking history, and leaderboard standing.
These key changes are said to have taken effect on April 22nd.
These changes are said to help bolster the Game7 DAO ecosystem, reward active participation, create incentives for builders, and ensure sustainable growth. In doing so, they aim to achieve what is said to be their highest priority, and that is to “drive value to our products and our token,” according to the official X post.
Their official announcement goes on to further clarify that after building together for 3 years, “it's time for an objective assessment of where we are, and a bold reimagining of what we do next.”
“The systems that we put in place did not work as expected: long staking periods restricted our ability to adapt, our Citizen Pool distribution model weakened our ecosystem instead of making it stronger, our reputation system incentivized actions that did not bring real and lasting engagement from community members, and our G7 boxes failed to encourage meaningful ecosystem participation.”
From this point on, the ecosystem’s focus will thus be to bring value to their products and the $G7 token, which launched on February 12th, 2025, on Arbitrum and Ethereum networks, alongside the $1M Citizen Pool.
The team has thanked 90% of stakers who have continued to stay committed to the ecosystem, saying that “your conviction is a huge advantage as we enter this next phase.”