What is TYBENG

Learned by 46 usersPublished on 2024.06.27Last updated on 2025.04.22

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  • Total Supply2.06B

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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TYBENG: Bridging Mobile Gaming and Web3 Through Play-to-Earn Innovation

Introduction to TYBENG and Its Strategic Objectives

TYBENG (TYBENG) represents a pioneering effort to merge traditional mobile gaming with decentralised finance (DeFi) and blockchain technology. As the native utility token of the Benji Bananas ecosystem, TYBENG facilitates in-game transactions, rewards, and community governance within a physics-based mobile game that has amassed over 50 million downloads since its launch in 2013. By leveraging the Base blockchain, TYBENG aims to onboard millions of mobile gamers into Web3, offering a seamless transition from casual gameplay to tokenised economies. This article explores the project's architecture, stakeholders, operational mechanics, and historical milestones, providing a holistic view of its role in the evolving blockchain gaming landscape.

Overview of the Benji Bananas Ecosystem

TYBENG operates at the core of Benji Bananas, a mobile game initially launched in 2013 as a casual arcade title. The game's physics-based mechanics, which involve swinging a monkey character through jungle environments, have sustained a daily active user base of approximately 70,000 players. In 2024, the developers introduced TYBENG to transform this established gaming community into a Web3-enabled ecosystem. The token serves multiple purposes:

  • In-Game Currency: Players use TYBENG to purchase power-ups, character skins, and other digital assets.
  • Reward Mechanism: Through “swing-to-earn” competitions and liquidity mining events, users earn TYBENG tokens by achieving high scores or contributing to network liquidity.
  • Interoperability: TYBENG is swappable with another token within the Animoca Brands ecosystem, enabling cross-platform utility.

This integration aims to demonstrate how blockchain can enhance user engagement in existing mobile games while introducing decentralised ownership models.

Foundational Vision and Target Audience

The project targets the 3.2 billion global mobile gamers, positioning itself as a gateway for mainstream adoption of Web3 technologies. By focusing on a low-friction user experience where players initially interact with traditional gameplay before opting into blockchain features, TYBENG mitigates the onboarding barriers common in crypto-native projects. The team emphasises community-driven development, with token holders influencing future updates through governance proposals.

Architectural Framework and Key Innovations

Tokenomics and Supply Dynamics

TYBENG's economic model is designed for long-term sustainability:

  • Fixed Max Supply: Capped at 2.06 billion tokens, with approximately 1.64 billion in circulation as of early 2025.
  • Deflationary Mechanisms: Regular token burns tied to in-game asset purchases reduce circulating supply, countering inflation from reward distributions.
  • Liquidity Incentives: A portion of transaction fees from decentralised exchanges is redirected to liquidity pools, stabilising price volatility.

The token's smart contract, deployed on Ethereum and bridged to Base, allows for cross-chain interoperability while maintaining auditability.

Play-to-Earn Mechanics and NFT Integration

To participate in TYBENG's earnable features, players must acquire a Benji Bananas Membership Pass NFT. This requirement ensures:

  1. Sybil Resistance: Limiting reward farming by tying earnings to unique, verifiable identities.
  2. Community Investment: NFT holders gain voting rights on platform upgrades, aligning incentives between developers and users.
  3. Monetisation Pathways: Players can resell NFTs on secondary markets, creating a player-driven economy around game access.

The “swing-to-earn” model introduces skill-based earning, where token rewards scale with gameplay performance rather than time spent, differentiating it from conventional play-to-earn models.

Stakeholder Ecosystem and Strategic Partnerships

Development and Governance Entities

While the pseudonymous core team remains undisclosed, on-chain data reveals collaborations with:

  • Animoca Brands: A strategic partner enabling TYBENG token swaps, connecting the game to a broader metaverse ecosystem.
  • HTX Exchange: Facilitated the token's migration and rebranding, providing technical infrastructure for the transition.
  • Base Network: As the designated Layer-2 solution, Base offers low transaction fees crucial for microtransactions in mobile gaming.

Investor Landscape

Early backers include venture funds specialising in gamified DeFi, though specific entities are not publicly disclosed. The project's association with Animoca Brands suggests alignment with their portfolio of blockchain gaming initiatives. Exchange listings on HTX and other decentralised exchanges provide liquidity access while the team has avoided large-scale token allocations to venture capitalists, opting for a community-centric distribution model.

Historical Evolution and Critical Milestones

Timeline of Development

  • July 2023: Initial token launch under the BENJI ticker, integrated into Benji Bananas' Web3 beta.
  • June 2024: Rebranding to TYBENG alongside contract migration, increasing total supply to enhance granularity for microtransactions.
  • August 2024: Achieved significant user engagement driven by liquidity mining incentives and promotions.
  • March 2025: Implementation of revised tokenomics introducing burn mechanisms for in-game asset purchases, reducing annual inflation rates.
  • April 2025: Deployment on Base Network, significantly reducing transaction costs.

These milestones reflect iterative improvements focused on scalability and user retention, with each update addressing feedback collected through community governance.

Technical Differentiation and Competitive Edge

Hybrid On-Chain/Off-Chain Architecture

TYBENG employs a novel hybrid model to balance performance and decentralisation:

  • Off-Chain Game Logic: Core gameplay runs on traditional servers to maintain responsiveness, essential for action-oriented mobile experiences.
  • On-Chain Asset Settlement: NFT ownership and token transactions are recorded on-chain, ensuring verifiable scarcity and ownership.
  • Layer-2 Optimisation: By processing batches of transactions on Base, the system achieves rapid confirmation times while safeguarding Ethereum-level security.

This architecture allows the game to support a Web2-quality user experience while offering the ownership benefits inherent to Web3.

Adaptive Reward Algorithms

The project's proprietary “Dynamic Reward Adjustment” system modifies token payouts based on:

  • Network Participation: Increased liquidity provision lowers reward thresholds to attract new players.
  • Market Conditions: During periods of price volatility, rewards shift to NFT-based boosts to stabilise sell pressure.
  • Player Skill Brackets: High-score thresholds automatically adjust to maintain consistent reward accessibility across skill levels.

These algorithmic governance measures enhance system resilience and reduce reliance on manual parameter tuning.

Challenges and Risk Mitigation

Regulatory Compliance Framework

To address global regulatory diversity, TYBENG implements:

  • Geofenced Features: Disabling play-to-earn mechanics in jurisdictions with restrictive crypto regulations, replacing them with NFT-based rewards.
  • KYC Integration: Mandatory identity verification for withdrawals exceeding specified thresholds, aligning with global compliance guidelines.
  • Tax Compliance Tools: In-app reporting generates capital gains statements, streamlining tax obligations for users in various countries.

These measures are designed to preempt regulatory action while maintaining core functionality in key markets.

Security Posture and Audit History

Maintaining a high security standard, TYBENG has implemented measures such as:

  • Continuous Audits: Quarterly smart contract audits by recognised firms, with full disclosure of findings.
  • Multi-Sig Governance: A collaborative governance model requiring consensus among key stakeholders for administrative functions.
  • Bug Bounty Program: Incentivising vulnerability reports by offering financial rewards for critical findings.

Such transparent security practices have significantly contributed to user retention rates following the successful migration.

Future Roadmap and Community-Driven Development

Upcoming Feature Rollouts

  • Q3 2025: Implementation of cross-game NFT interoperability.
  • Q4 2025: Launch of a delegated staking system enabling non-players to earn yields by supporting network liquidity.
  • 2026: Transition towards fully on-chain game logic, targeting complete decentralisation without sacrificing performance.

These initiatives underscore the project's commitment to incremental decentralisation while preserving high-quality user experiences.

Community Governance Enhancements

A proposed upgrade would allocate a portion of transaction fees to a Community Treasury, which is fundable through:

  1. Quadratic Voting: A system that weights votes by both token holdings and participation history.
  2. Bounty Boards: Allow enabling developers to propose features for community funding.
  3. Player Councils: Elected representatives advocating for localised feature requests.

Such structures aim to transform passive token holders into active ecosystem contributors, fostering a robust community.

Conclusion: Redefining Mobile Gaming Economies

TYBENG demonstrates how established gaming franchises can transition into Web3 without alienating their core user base. By focusing on gradual onboarding, hybrid architectures, and community-centric governance, the project addresses critical adoption barriers that have hindered previous blockchain gaming initiatives. While challenges concerning global regulations and market fluctuations persist, TYBENG's iterative development approach and strong partnerships position it as a case study in sustainable tokenised gaming. As the ecosystem expands through cross-platform integrations and layer-2 advancements, it may catalyse broader industry shifts toward player-owned economies. Future success will hinge on maintaining the delicate balance between decentralised innovation and the polished user experiences expected by mainstream mobile gamers.

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