DeFi Kingdoms is an example of a game that has carved out a niche for itself in the ecosystem. With a market valuation of $379,592,668, more than 130,846 unique wallet addresses interacting with the game, and more than $1.6 billion in transactions in January alone, the stats don’t lie.
What is DeFi Kingdoms?
DeFi Kingdoms combines practically everything GameFi has to offer to gamers and blockchain gaming fans. It’s “a game, a decentralized exchange (DEX), a liquidity pool (LP) opportunity, and a market of rare utility-driven NFTs, all of which play out smoothly in the very nostalgic form of fantasy pixel graphics,” according to the website.
On August 22, 2021, the Play-to-Earn game was introduced. It has now developed to the point that it is receiving more attention than Axie Infinity. Which blockchain is it based on? Harmony Blockchain is one of the blockchain ecosystem’s most innovative networks.
Being backed by a trustworthy team
There are “problems” with DeFi Kingdom’s original team members because their true names are unknown, yet they are extremely open based on all measures made so far in the game’s development. Their wallet addresses and social media handles are, nevertheless, public…
The game’s original members are Frisky Fox, Professor Tango, and Jericho Splendershoes. Thanks to ChainDebrief for tweeting about the 2021 team members.
Gameplan and Tokenomics of DeFi Kingdoms
The game plan is the sweet spot of the game with over a thousand NFT heroes. A map, heroes, quests, a tavern, a jeweler, a garden, and the marketplace are all included.
The JEWEL token is referred as as DeFi Kingdom’s “lifeblood.” Everything, just as in other GameFi projects, runs on it. That is one of the main reasons why crypto games, with their Play-to-Earn premise, are sweeping the gaming industry. JEWEL may be used to purchase valuable NFTs such as Heroes and Kingdoms in the game. It may also be utilized to increase the strength of Heroes.
The addition of DeFi Kingdoms: Crystalvale to the DFK Chain necessitated the creation of a new token to power that realm. CRYSTAL performs the same functions as JEWEL, but within Crystalvale. It can be used to buy and mint Hero NFTs, traded on the in-game DEX, staked for fee sharing, pooled for liquidity, and used to cast votes on relevant governance issues. CRYSTAL has a one-fourth supply of JEWEL, thus the delivery timetable has been altered correspondingly.
Roadmap
To find out more information about DeFi Kingdoms, check out these following links:
Website: https://defikingdoms.com/
Discord: https://discord.com/invite/defikingdoms
Twitter: https://twitter.com/DefiKingdoms
Telegram: https://t.me/defikingdoms