DeFi Kingdoms Crystal
What is DeFi Kingdoms Crystal?
DeFi Kingdoms is a browser-based blockchain game that merges DeFi and retro game design in a unique and compelling way. It is a combination of a decentralized exchange, an NFT marketplace, and liquidity pool opportunities, all under the umbrella of fantasy pixel art. The game was created to fully explore the potential of blockchain in game form and create synergies between gaming and decentralized finance. It was launched in March 2022 on DFK Chain, an Avalanche Subnet, and CRYSTAL is its utility token.
DeFi Kingdoms is unique because of its clever integration of DeFi functionality with game elements. Unlike other games that incorporate similar features, the combination of financialization and gaming feels natural in DeFi Kingdoms. Several key features contribute to this seamless integration.
Decentralized Exchange: DeFi Kingdoms uses the Uniswap V2 Protocol, which allows players to swap tokens and become a liquidity provider to earn fees on token swaps.
The Gardens: LP tokens can also be staked in The Gardens, where players can receive tokens for buying rare NFTs and other items. The Gardens are visualized in a unique way through different plants and crops that players have to tend to and harvest to receive their rewards. Each garden is a unique LP pairing, and the harvested yield is deposited in the storehouse.
Heroes: Heroes in DeFi Kingdoms are playable characters that can earn token rewards and level up their stats. They are assigned to go on quests and battle in different gameplay modes, including the DFK Duel minigame. Heroes are bought and sold in The Tavern, and new heroes can be summoned at the Portal by combining genes from existing heroes to create an entirely new, potentially extremely rare, NFT. Players can also equip their heroes with Pets and various Equipment NFTs, enabling them to have special passive and active abilities. Quests that heroes go on allow them to gather in-game resources, increase their farming yields from the Gardens, and unlock those rewards early with the help of Mining Heroes.
Land Plots: Players can also buy Land Plots in DeFi Kingdoms. These plots will differ based on their location, providing different quantities of resources. In the future, players will have the option to build on their lands to increase bonuses for Heroes. Owning land will also enable players to find new valuable resources that can be used in Crafting and other game modes.
CRYSTAL is the power token of DeFi Kingdoms: Crystalvale. It is used for all in-game activities, such as buying and selling Hero and Pet NFTs, summoning new Heroes and leveling their stats, hatching Pets, and participating in the DFK Duel minigame. CRYSTAL can be swapped in the DEX for other tokens and in-game items, pooled for liquidity, and is emitted by the Gardens in Crystalvale.
The original maximum supply of CRYSTAL was 125 million tokens, but it was increased to 250 million tokens in December 2022 as part of DeFi Kingdoms’ updated tokenomics. The additional CRYSTAL is being airdropped to holders of locked JEWEL on Harmony and will also be locked.
CRYSTAL will begin unlocking in late March 2023, which will gradually bring the circulating supply up to match the total supply over the following year, even as CRYSTAL continues to be emitted in the Gardens up until it reaches the maximum supply, minus any burned tokens.
DeFi Kingdoms is maintained and developed by Kingdom Studios. The team operates under pseudonyms, which is a common feature in community-driven projects such as SushiSwap and LooksRare. Despite the anonymity, the team hosts weekly AMAs in Discord and on YouTube, and many team members have voluntarily doxxed on live-stream. The Kingdom Studios Board of Directors includes Dreamer, who serves as the President and Director of Revenue and Operations, Frisky Fox, the Co-Founder and Director of Blockchain, and Beetle Dude, the Director of Application. The team has outlined several trust-building measures, including verifying smart contracts on-chain, seeking out audits, and the exclusive use of multi-signature wallets and vesting on JEWEL tokens.
In conclusion, DeFi Kingdoms is a blockchain-based game that merges DeFi functionality with gaming elements, providing players with a unique experience. The game's creators have found an ideal way to integrate financialization and gaming, which distinguishes it from other similar games. The combination of a DEX, an NFT marketplace, liquidity pool opportunities, and fantasy pixel art make for an engaging and immersive experience. DeFi Kingdoms is maintained and developed by Kingdom Studios, whose team members operate under pseudonyms but have shown a commitment to transparency and trust-building measures. With the upcoming unlock of CRYSTAL tokens in late March 2023, the circulating supply of the utility token will gradually increase to match the total supply over the following year, providing exciting opportunities for players and investors alike.
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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