On July 12th, IM Auto officially announced the new gameplay of its value community “IM GO” centered around “ore mining”, and at the same time released the specific exchange list for ores.
Before that, let’s first understand IM Auto’s original “Ore Valley” mining gameplay. Simply put, this is a new user-created community. IM Auto has fully connected the ore mining path, and users can “mine” ores simply by driving.
During the conference, IM Auto announced that “Mileage Mining,” which accounts for 70% of the total ore mining volume, will officially launch at 23:00 on August 7th. IM GO, which gathers a variety of ore gameplay, will be launched successively on July 17th.
After the exchange window is opened in the future, users can exchange the following 5 major categories of rights and interests: software and hardware upgrades, Intelligent Life services, limited-edition boutique items, digital collections, and limited-experience activities.
After 90 days of activation of the IM brand car owner’s car machine, and the vehicle property owner has been certified by the car owner and the ore is automatically activated, users can gradually open the eligibility for relevant rights and interests exchanges.
Software and hardware upgrades include IM IM AD intelligent driving system, 21-inch wheel tire upgrades, and first-level IM L7 performance upgrade kit for the wheel hub. New users can exchange the laser radar fusion intelligent driving system by using up to 6,800 ores plus 10,000 yuan. In addition to the two 128-line laser radars, the system also includes the Orin X intelligent driving chip and a full set of software services. The limited-edition boutique includes mall items and art works produced by IM Boutique, and the digital collection includes artist co-branded digital collections and some virtual props. The limited-experience activities include destination travel rights, art galleries, museum ticket rights, and IM advanced driving experience training courses.
At the same time, IM Auto is the first company in the world to use blockchain technology as the technical foundation of the ore chain, and will put the total amount of ore of 300 million pieces on the chain for certification. It confirms and rewards the value contribution of user-authorized data. The ore chain uses national encryption algorithms to ensure data security and privacy, transaction tamper-proof and non-counterfeiting, and to ensure that every user can fairly and justly obtain data rights and interests.As the primary mining method, “mileage-based mining” is an important input method for mining raw materials using the effective mileage data of user vehicles. For each batch of raw materials dropped, the effective mileage increment of vehicle travel within the previous 720 hours is used as the input. After uniform measurement processing by the algorithm, it becomes the weight factor of data contribution. Then, the on-chain smart contract calculation technology executes the bonus reward of the raw materials obtained by the vehicles successfully mined in this round.
According to the rules of “mileage-based mining”, a batch of raw materials will be dropped every 10 minutes, with a total of 144 batches per day. The total amount of raw materials will not increase, and the total amount of drops will be halved every four years. In the first four years, each batch will drop 500 pieces, which will be “shared” by a certain proportion of participating mining vehicles. This means that the more and earlier the user provides the driving mileage data, the greater the contribution and the greater the chance of obtaining the raw materials and data rights.
Unlike the “points” system, the method of mining raw materials can improve user stickiness. For the users themselves, they need users to provide as much real road driving data as possible. For users, the more they drive, the more benefits they may get. It is a win-win user co-creation mode.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.