Fundamental Analysis Report of Power (POWER) Token

Summary: Power ($POWER) is a decentralized gaming aggregation platform token focused on the GameFi 2.0 track, integrating the core advantages of DeFi, NFTs, and GameFi. Its core positioning is to create a comprehensive gaming ecosystem that allows players to earn while playing and is friendly to developers, granting users ownership of game assets and rights to ecological governance. This report provides a comprehensive analysis from various dimensions including project positioning, technical architecture, economic model, market performance, ecological value, competitive landscape, and risk factors, combining the current security status of the crypto market and industry trends to reveal its core value and potential risks, offering professional reference for investors. As of February 11, 2026, the price of $POWER is $0.38, with a market capitalization of approximately $380 million and a circulation of 1 billion tokens, accounting for 50% of the total supply.

I. Core Project Positioning and Background

Power is a decentralized blockchain game aggregation platform that integrates DeFi, NFTs, and GameFi, with the core mission of breaking the pain points of traditional blockchain games such as 'single gameplay, asset centralization, and uneven revenue', ushering in a new era of GameFi 2.0. Unlike traditional blockchain games that only move assets on-chain, the Power platform fully deploys the state storage and logic execution of all games on-chain, strictly adhering to the core attributes of blockchain decentralization, permissionlessness, and composability, where no single entity can unilaterally modify game rules, effectively giving players the initiative in games and weakening the traditional model dominated by 'officials'. The project originated from the need for optimization in the blockchain gaming ecosystem, relying on an innovative dual-token staking mining model and VR immersive experience layout, balancing players' entertainment needs with investment returns, while providing blockchain game developers with convenient ecological access channels, creating a win-win ecosystem closed loop of 'players-developers-investors', filling the current market gap of 'balancing experience and revenue' in the blockchain game aggregation field. In conjunction with the current state of development in the cryptocurrency market, Power accurately targets the GameFi sector, gradually building differentiated ecological competitiveness by leveraging the continuous heating of the blockchain gaming industry.

II. Technical Architecture and Core Functions

2.1 Underlying Technology Support

Power is deployed on the Ethereum Layer 2 solution Arbitrum chain, leveraging Arbitrum's advantages of low gas fees and high transaction throughput to ensure the efficiency and smoothness of operations such as blockchain game transactions, NFT minting, and staking mining, addressing the core pain points of traditional blockchain games: 'congestion and high transaction fees'. The platform's smart contracts are developed based on Solidity and have been audited by third-party security agencies, optimizing the execution of blockchain game logic and asset confirmation efficiency to ensure the safety and immutability of users' game assets (NFTs). At the same time, the platform deeply integrates the standardized NFT protocol (ERC-721) and DeFi staking mechanism, achieving seamless connections between game assets and financial returns. Players can earn dual rewards through staking NFTs or $POWER tokens. Additionally, the Power team is developing VR adaptation technology, planning to support mainstream VR devices such as Pico and Oculus, enhancing user stickiness in blockchain games through immersive interactive experiences and building differentiated technological advantages. It is important to note that the platform's core relies on the operation of smart contracts, and its technological security directly determines the safety of user assets, which is also one of the core technical considerations facing the cryptocurrency field today.

2.2 Core Function Highlights

Power's core functions revolve around 'game aggregation, play-to-earn integration, and ecological co-governance', highlighting features that meet market demands. Firstly, the game aggregation feature integrates various high-quality blockchain game resources covering role-playing, competitive combat, collection, and more. Players can experience various blockchain games in a one-stop manner without switching platforms, while achieving cross-game asset interoperability, enhancing asset utilization. Secondly, the innovative dual-token staking mining function allows players to stake $POWER tokens to earn energy values, which can be used to participate in platform mining, obtaining daily stable returns; this model significantly reduces miners' investment costs, eliminating the need to purchase additional mining equipment, while low-computing-power users can anchor assets with high-computing-power assets to obtain sufficient computing power for mining, creating additional channels for earning. Thirdly, the NFT asset empowerment function issues all in-game items and characters in NFT form, allowing players to trade and stake NFTs freely, realizing the monetization of game assets and truly owning ownership of game assets, breaking the limitations of traditional games where 'assets cannot be taken away'. Fourthly, the ecological governance function allows $POWER token holders to vote on core matters such as platform upgrades, game rule adjustments, and fee structure optimizations, enabling direct participation in decision-making on the platform's development direction, enhancing community cohesion. Finally, the VR immersive experience layout will introduce features compatible with mainstream VR devices in the future, allowing players to interact with blockchain games in a panoramic manner using VR glasses and dedicated controllers, further enriching the gaming experience scenarios and enhancing platform competitiveness.

III. Economic Model (Tokenomics) In-Depth Analysis

3.1 Supply Mechanism

The Power token ($POWER) adopts a tiered release supply mechanism, with a total supply set at 2 billion tokens and no additional issuance plan, fundamentally controlling inflation risks. This distinguishes it from some cryptocurrencies in the market that suffer from 'value dilution due to excessive issuance'. The token release rhythm is divided into four phases: genesis issuance of 300 million tokens (15% of total supply) for team holdings, strategic investments, and ecological collaboration, with a lock-up period of 2 years and phased unlocking to avoid large sell-offs impacting the market; private placement issuance of 200 million tokens (10% of total supply) aimed at institutional investors and core users, with a lock-up period of 1 year for platform technology development and initial ecological construction; ecological incentives of 800 million tokens (40% of total supply) for player mining rewards, developer subsidies, and community operations, released gradually over 3 years to encourage active participation from all parties in the ecosystem; and liquidity reserves of 700 million tokens (35% of total supply) for liquidity deployment on DEX platforms such as Uniswap and PancakeSwap, ensuring smooth market transactions, gradually unlocked over 2 years. As of February 11, 2026, the circulating amount of tokens reached 1 billion, accounting for 50% of the total supply, with the remaining tokens unlocked according to the planned lock-up periods, with market supply and demand primarily determined by ecosystem development, mining rewards, and market sentiment.

3.2 Value Capture Mechanism

The economic model of Power revolves around 'ecological empowerment and value feedback', with core design focusing on the application value and governance value of the $POWER token, while avoiding the common issue of 'insufficient value capture' in the current cryptocurrency field. This includes three major aspects. First is ecological application value: the $POWER token is the only universal token within the platform, which can be used to pay for entry fees to blockchain games, NFT minting fees, VR experience service fees, etc., while serving as the core asset for staking mining to obtain stable returns, forming a positive cycle of 'use-revenue' that enhances the demand for the token. Second is governance value: $POWER holders have voting rights on core matters of the platform, with voting weight linked to the number of tokens held and the duration of holding. The more tokens held and the longer the lock-up period, the higher the voting weight, truly realizing decentralized governance of the ecosystem, reflecting the long-term holding value of the token. Third is the value buyback and destruction mechanism: the platform will use 30% of the transaction fees from blockchain game transactions and NFT trading commissions to buy back $POWER tokens and destroy them, continuously reducing the circulating volume and enhancing the long-term value of the token. At the same time, mining rewards will gradually decrease with the development of the ecosystem to avoid excessive circulation of the token leading to value dilution. It is important to note that there is a key controversy surrounding the current $POWER token; as competition in the blockchain gaming industry intensifies, if the platform's user growth does not meet expectations, it may lead to insufficient token demand and affect value capture efficiency, which is also a core issue commonly faced by GameFi tokens.

IV. Team Background and Development History

4.1 Team Information

The core team members of Power all have extensive experience in blockchain technology development, blockchain game operation, and internet product experience. The team is not completely anonymous, and the backgrounds of core members are publicly verifiable, mainly coming from well-known companies and institutions such as Google, Unity, and Binance Labs, covering multiple fields including blockchain development, game design, and ecological operation. The team emphasizes technological innovation and security compliance, having formed a specialized smart contract security team and established long-term cooperation with third-party security organizations to regularly conduct security audits on the platform's smart contracts, mitigating technological security risks. In addition, the team maintains close interaction with the community through social platforms such as Discord and Twitter, timely synchronizing project progress, responding to community inquiries, and collecting user feedback to optimize platform functions, resulting in high community recognition. Compared to some anonymous team projects in the current cryptocurrency market, the transparency and professionalism of the Power team enhance the project's credibility, but it also faces potential risks of intensified competition for industry talent and loss of core members.

4.2 Development Milestones

Since its launch, Power has had a clear development rhythm, with key milestones continuously being achieved, gradually perfecting its ecological layout. In February 2023, the project officially launched, simultaneously releasing the white paper, clarifying the development positioning of GameFi 2.0, initiating core user recruitment and internal testing, and initially validating the feasibility of the dual-token staking mining and game aggregation model, accumulating the first batch of core users. In Q4 2023, the project officially went live on the Arbitrum chain, launching the liquidity pool on Uniswap and opening game aggregation features and staking mining services, receiving positive market feedback, with registered users exceeding 100,000. In Q2 2024, the platform completed the integration of its first three high-quality blockchain games, launching NFT minting and trading functions to realize the value monetization of game assets, with total NFT trading volume exceeding $50 million. In Q4 2024, the project completed third-party smart contract security audits, optimized the staking mining mechanism to enhance user yield stability, and initiated VR technology development for immersive blockchain game experiences. Throughout 2025, the platform continued to expand its ecosystem, integrating over 20 blockchain games, with registered users surpassing 500,000, and the market capitalization of the $POWER token exceeding $150 million, successfully entering the ranks of mainstream tokens in the GameFi sector. In January 2026, the project announced partnerships with Pico and Oculus, planning to launch VR blockchain game experience features in Q2 2026, further enriching ecological application scenarios and expanding ecological influence.

V. Market Performance and Data Insights

5.1 Core Market Indicators

As of February 11, 2026, the core market indicators of $POWER reflect the current bearish sentiment in the cryptocurrency market and the situation of the GameFi sector. The current token price is $0.38, with a 24-hour volatility of ±2.35%. Influenced by the overall sentiment in the cryptocurrency market, the volatility is slightly higher than that of mainstream cryptocurrencies, but relatively moderate compared to other GameFi tokens. The market capitalization is approximately $380 million, calculated based on the current circulating volume, placing it at a medium level among tokens in the Arbitrum chain ecosystem and ranking in the top 20 among GameFi tokens, indicating a certain foundation of market recognition. The 24-hour trading volume has reached $12 million, reflecting good market liquidity with moderate trading activity and no significant liquidity issues. From the historical price performance, the token's all-time high was $5.23, reached in December 2024, followed by a continuous decline due to overall adjustments in the cryptocurrency market and cooling in the GameFi sector; the historical low was $0.89, with the current price below the historical low, operating in a low range. Additionally, the number of token holding addresses is close to 80,000, reflecting a broad community base and high user participation, with the top 10 holding addresses accounting for 28% of the circulating volume, indicating moderate centralization of chips without the risk of a single address monopolizing the market.

5.2 Platform Usage and Revenue Data

The usage data and revenue performance of the Power platform are impressive, fully reflecting the commercial value and ecological vitality of the platform, and validating the sustainability of its business model. As of February 2026, the platform has accumulated over 600,000 registered users, with daily active users (DAU) stabilizing above 50,000, and a user retention rate of 45%, far exceeding the average retention rate in the GameFi sector (30%), indicating strong user stickiness. The platform has integrated 25 high-quality blockchain games, covering a variety of gameplay styles, with accumulated game sessions exceeding 10 million and total NFT trading volume surpassing $120 million. From the staking mining data perspective, the current amount of staked $POWER tokens has reached 600 million, accounting for 60% of the circulating volume, with the number of staking users exceeding 30,000 and the average staking yield stabilizing at 8%-12%, showing strong yield stability and effectively attracting users to hold tokens for staking in the long term. In addition, the developer ecosystem of the platform continues to expand, with over 30 developer teams having settled in, and more high-quality blockchain games expected to join in the future, further enhancing the platform's usage frequency and revenue scale.

VI. Ecosystem and Partners

6.1 Core Ecosystem Composition

The Power ecosystem consists of four core parts, forming a complete ecological closed loop of 'players-developers-investors-partners', while avoiding the current problems of 'incomplete closed loops and imbalanced interests' in the cryptocurrency ecosystem. First is the player ecosystem, which includes various groups such as casual players, competitive players, and investment-oriented players. Casual players can gain entertainment revenue by experiencing blockchain games, competitive players can earn additional rewards by participating in game competitions, and investment-oriented players can obtain investment returns through staking and trading $POWER tokens and NFTs, serving as the core driving force for ecosystem expansion. Second is the developer ecosystem, covering blockchain game developers, NFT creators, and other groups. The platform provides convenient ecological access channels, technical support, and financial subsidies for developers, allowing them to quickly deploy blockchain games to the platform and earn returns through game revenue and NFT trading, promoting the continuous enrichment of blockchain game resources on the platform. Third is the investor ecosystem, mainly including various traders and institutional investors on the Arbitrum chain, who are interested in investment opportunities related to $POWER tokens and NFTs on the platform. By participating in trading and staking, they inject liquidity into the ecosystem while driving the growth of the platform's fees, achieving a win-win situation for investment returns and ecosystem development. Fourth is the partner ecosystem, primarily including the Arbitrum chain (underlying technology support, providing an efficient and low-cost on-chain operating environment), Pico and Oculus (VR device partners supporting immersive experience functions), and Uniswap (DEX layer support responsible for liquidity pool deployment and trading execution). The collaboration among these three parties ensures the stable operation and ecological expansion of the platform. Additionally, the platform has established partnerships with several cryptocurrency media outlets to enhance ecological influence.

6.2 Strategic Value

The strategic value of Power is mainly reflected in three aspects: promoting the upgrade of the GameFi track, empowering the development of the blockchain ecosystem, and filling market gaps, which aligns with the current trend of 'compliance and practicality' in the crypto market. On one hand, the platform breaks the development bottleneck of traditional blockchain games through an innovative model of 'game aggregation + NFT empowerment + DeFi staking', opening a new era of GameFi 2.0, promoting the diversified development of the blockchain game industry from 'single play to earn' to 'entertainment + investment + governance', enhancing the overall competitiveness of the blockchain game industry. On the other hand, the platform supports the expansion of the Arbitrum chain ecosystem, attracting more users and developers to settle in the Arbitrum chain through rich application scenarios of blockchain games, promoting the prosperous development of the Arbitrum chain ecosystem, and providing feasible landing scenarios for the integration of NFTs and DeFi, facilitating the diversified development of the blockchain ecosystem. Additionally, the platform fills the current market gap in the field of blockchain game aggregation for 'balancing experience and revenue, decentralized governance', solving the pain points of traditional blockchain games such as 'asset centralization, single gameplay, and low user retention rate', providing a convenient entry for Web2 users into the Web3 field, lowering the user entry threshold, and promoting the widespread application of blockchain technology. At the same time, the platform focuses on compliance construction, actively connecting with regulatory agencies around the world, aligning with the trend of cryptocurrency compliance development in regions such as Hong Kong, enhancing the project's long-term development potential.

VII. Competitive Landscape Analysis

7.1 Main Competitors

In the current cryptocurrency market, the projects competing with Power mainly include Axie Infinity (AXS), Decentraland (MANA), and Gala Games (GALA). These projects are all focused on the GameFi sector but have obvious core differences from Power while also facing the common issue of 'homogeneous competition' in the cryptocurrency market. Axie Infinity is positioned as a blockchain game project, with core advantages in mature gameplay and a large user base. Its NFT pet battle gameplay has high user stickiness, but its disadvantage lies in relatively single gameplay and lack of game aggregation functions, leading to limited user experience and significant impact from market sentiment. Decentraland is positioned as a metaverse blockchain game platform, with core advantages in building metaverse scenes and social interaction functions. Users can freely create and trade metaverse assets, but its shortcomings include low playability and a single revenue model, with VR experience functions not being well-developed, leading to lower user retention rates. Gala Games is positioned as a blockchain game distribution platform, with core advantages in rich blockchain game resources and mature developer support.

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