Educational Byte: What is Arbitrage and How is it Done in Crypto?

I am pleased to invite Brilliantcrypto's Chief Executive Officer, Harai Yoshiaki, to this exclusive interview.

\ Brilliantcrypto has grown remarkably since its June 2024 launch, hitting vital benchmarks in transaction volume and user engagement. Additionally, the platform has captured the attention of players all across the world with its unique combination of strategy, adventure, and real-world rewards.

\ Harai Yoshiaki will go over the main elements of Brilliantcrypto's quick growth in this interview, including its innovative gaming features, long-term play-to-earn strategy, and future development plans.

\ Let's dive in.

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Ade: Could you tell us about the motivation for Brilliantcrypto and how it embodies the spirit of exploration and gem mining, similar to historical events like the Gold Rush?

\ Harai Yoshiaki: Of course. Originally, the idea for Brilliantcrypto came from the founder’s interest in two particular forms of value: gemstones and Bitcoin. He is both a big gemstone collector and has also been watching and investing in Bitcoin for a long time, so he wanted to try to combine the two and create digital gemstones on the blockchain. The game is the vehicle for generating these new assets.

\ In a sense, it is a digital gemstone rush. Once the project becomes mainstream, it will surely cause a big stir in the gaming community.

\ Ade: What distinguishes Brilliantcrypto from other play-to-earn games, and could you explain how users go from being casual players to becoming profitable miners?

\ Harai Yoshiaki: Brilliantcrypto is different in that it aims to be sustainable. Most play-to-earn games, or at least all of the games that made the genre popular, are known to have been similar to “ponzi” schemes. In order to earn the token, you must purchase the token, and the earnings of the early investors are powered by new investors - when new investors cease joining, the value collapses. \

Brilliantcrypto does this differently. The “earning” aspect exists through the sale of the NFT gemstones mined in the game, and the token, a separate entity, is the entry to this possibility (through the purchase of NFT pickaxes).

\ Meanwhile, the gemstones are positioned for purchase from gemstone enthusiasts, NFT collectors, and those who intend to use them in digital worlds as NFT fashion in the future. Therefore, the value of the gemstones (the asset to be earned) is subject to outside investment, breaking the closed-circle economy and promoting sustainability.

\ Ade: In what ways does Brilliantcrypto's decentralized gameplay model promote sustainability, fair play, and transparency? Additionally, what effect does the "Proof of Gaming" concept have on the game's economy?

\ Harai Yoshiaki: The main decentralized concept of Brilliantcrypto is that the team is not responsible for the generation of the NFT gemstones - the players are. If the gemstones are not mined, then they will not be generated.

\ Further, The aspects of each individual gemstone (Color, Clarity, Cut, and Carat Weight) are decided by an innovative open-source algorithm that uses the future unpredictability of blockchain transaction hashes as a key to randomize these factors. The team cannot predict if, when or where an extremely rare gemstone will appear.

\ The team also has a strong relationship with its community and aims to be timely and transparent about updates or new developments surrounding the project.

\ \ Ade: Could you provide more details on the BRIL token's benefits and mechanics, such as its listing on international cryptocurrency exchanges like Bit2Me, its utility within the game, and its potential impact on the game's user base expansion?

Harai Yoshiaki: The BRIL token broke records in Japan, with its IEO reaching $212 million USD in application funds, the largest ever on the Coincheck IEO platform and, therefore, likely the largest in Japan.

\ The token can be used for purchasing pickaxes and gemstones, repairing and upgrading pickaxes, and incentivizing scholars. It is typically stable as the token is the target of “earning” in the game, which is a benefit. \

It also trades in over 60 countries on the Bit2Me platform, which will promote the expansion of the game around the world. We plan to list the token on more and more exchanges to make it more available for potential players.

\ Ade: How does the scholar system work in detail? What are the typical arrangements between mine owners and scholars, and how are rewards split?

\ Harai Yoshiaki: The scholarship system is fully inbuilt, and pickaxe owners can choose how much BRIL is distributed to those who mine “Brilliantstones” in the game on their behalf. Gemstones and Treasure Capsules (containing items such as dynamite or costumes) are sent to the owner, while the Brilliantstones are split between the owner and the scholars who are mining in the mine.

\ Ade: What enhancements or new features will be added to Brilliantcrypto Version 1.1.6, and are there any further releases planned for iOS?

\ Harai Yoshiaki: The update will feature updates to the scholarship U.I, as well as marketplace features, such as a new “bulk sale” feature and the ability to change prices for items while they are on sale. Also, some other minor fixes will ship with the update.

\ We will make announcements about future updates as soon as the information becomes available.

\ Ade: Can you tell us more about Brilliantcrypto's experience at NFT Brazil 2024, including the reception of the Proof of Gaming concept? Are there any plans for similar events or expansions in other regions?

\ Harai Yoshiaki: Brilliantcrypto has been at events around the world on many continents and has received a great response every time from the passionate web3 gamers that visit the booth. We have also been able to meet some great business partners through participating in these events.

\ NFT Brazil 2024, in particular, was a great event with a greater ratio of gamers than usual, and we were able to connect with many community leaders to help us distribute the game in the country.

\ Ade: Could you perhaps share more details about Brilliantcrypto's roadmap? What new features, collaborations, or expansions are planned for Q4 20224 and the foreseeable future?

\ Harai Yoshiaki: We plan to start work on phase 2 of our roadmap, which is the feature that allows players to create NFT jewelry using their NFT gemstones. Following this, we hope to propagate this jewelry throughout the digital world through collaborations with large-scale metaverses and fashion brands alike.

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