What is Chain Games?
Chain Games (CHAIN) is a blockchain-based gaming platform that aims to revolutionize the gaming industry. By leveraging Web 3.0 technology and smart contracts, the platform seeks to provide gamers with a decentralized and custodial competition experience. The platform is entirely ERC-20 and Ethereum compatible, and it aims to offer multiplayer tournaments that provide players with rewards and prizes.
According to the platform's whitepaper, existing blockchain gaming systems only provide basic card playing and role-playing games, which are not decentralized. Chain Games (CHAIN) aims to modernize gameplay by offering custodial competitions and tournaments that promote the success of the game and the players. The platform's utility token, CHAIN, is used to provide rewards to players, and it is deflationary in nature.
Chain Games (CHAIN) offers game developers the opportunity to integrate the platform's eSports system into their games and publish new games on the DApp of the platform. The in-game development aims to provide developers with earnings from each match and to support real cryptocurrency rewards to all players involved.
The CHAIN token is used as a medium of exchange for all entry fees and contest payouts on the Chain Games (CHAIN) network. Smart staking is used to provide rewards to all stakers on the network on each played game, and players can stake tokens to earn rewards from all the games. The platform plans to launch a CHAIN marketplace and a custom smart contract gaming blockchain based on Cosmos.
Chain Games was founded in 2020 by Adam Barlam, the CEO and founder of the platform, and David Rosenbaum, the executive VP. The platform's maximum total supply of the token is 499,999,998 CHAIN.
In summary, Chain Games (CHAIN) seeks to provide gamers with a decentralized and custodial competition experience that promotes the success of the game and the players. With its smart staking rewards system and plans to launch a CHAIN marketplace and custom smart contract gaming blockchain, the platform has the potential to become a leading player in the blockchain gaming industry.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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