What is Defi Kingdoms? New Rules

One of the reasons that games like Axie Infinity appear to generate so much attention is that they serve as a simple entryway for Web3 concepts. 

To put it another way, the best crypto games distil difficult crypto ideas using a recognisable connection point. 

To give clients a clearer idea of what the innovation can truly do. The idea of a utility-based NFT as an in-game item that can be owned, traded, or sold seems promising.

In light of the foregoing, I believe it is worthwhile to investigate new games that take this improvement concept a step further by utilizing gamification. 

To transform central crypto concepts into enjoyable client experiences. DeFi Kingdoms, which is based on the Harmony blockchain, is one game that has a lot of traction. 

So, it’s a crypto gaming project that turns the concept of decentralized trading into a game (DEX).

Don’t know about DeFi check this → What is DeFi? :A Beginner-Guide [Updated]

What Sets DeFi Kingdom Apart?

“A game, a DEX, a liquidity pool, a valuable open door, and a market of intriguing utility-driven NFTs, all played out in an unimaginably nostalgic manner → pixels of perfection” according to the team behind DeFi Kingdoms. 

It’s a dangerous case, but digging deeper reveals a system that allows us to understand DeFi Kingdom as it is now and as it could be in the future. 

To make things even clearer, the game includes:

  • A token-controlled, decentralized exchange
  • In-game banks and gardens form a liquidity supplier pool.
  • A high-dream investigation game based on an NFT resource stage

Who Are the DeFi Kingdoms’ Founders?

The DeFi Kingdoms group has 12 members, though this cannot be confirmed because the group area in the game’s Docs has been removed. All members of the group have remained anonymous, which is a common feature in community-driven projects, as SushiSwap and LooksRare demonstrate. In any case, a few colleagues can be found through the various AMA meetings that the group is involved with:

  • Frisky Fox, Solidity and React Developer God
  • Professor Tango, Dev Project Manager
  • Jericho Splendershoes, Technical writer and developer in charge of Game Mechanics and Tokenomics
  • Tadakichi, a game developer with 10+ years of game developing
  • Sinstar Necro, Lead Team Design and lore writing

Furthermore, the game’s code is available on GitHub and in AMAs. The group has devised a number of trust-building measures, such as the restricted use of multi-signature wallets and vesting on JEWEL tokens.

$JEWEL & The Decentralized Exchange (DEX)

The $JEWEL token is located in the heart of DeFi Kingdom. It’s best to think of JEWEL as a hybrid of a traditional crypto token and in-game currency, similar to what you’d find in a game like World of Warcraft. 

JEWEL powers everything in the game. 

Token proprietors manage the people group’s guide. 

Engineers, player prizes, and local area reserves benefit from the symbolic exchanges. 

Purchasing NFTs and winning monetary prizes requires players to have JEWEL. 

The biological system of the game is controlled by the soul. Players can obtain JEWEL by either purchasing it from the game’s decentralized market (which is designed to resemble a real-world market) or acquiring it through alternative means. 

The token may be marked in-game to obtain liquidity supplier rewards, such as higher JEWEL returns to be spent on more game highlights. 

These components are not in general new hidden developments in DeFi, but the way DeFi Kingdoms has introduced them to the client – as a game – is exceptional.

Historical Activity 

Its local currency, Jewel, has a market capitalization of $1.1 billion.

DeFi Kingdom’s current focus is on creating a gaming-skin for decentralized finance. 

While other games focus on trading NFTs, DeFi Kingdom is starting with games to make it fun to invest in cryptocurrency through the game’s developing economy. 

Consider it a cross between Robin Hood and Final Fantasy.

What I like about DeFi Kingdoms is how it combines difficult-to-understand concepts (DeFi; one of the primary evaluators of new crypto clients) into a user interface that feels natural and interactive. 

This is the immense power of DeFi Kingdoms and GameFi: to add another layer (financialization) to something that appears to be more basic, social, and tomfoolery. 

The game’s popularity has soared due to its simplicity (and the possibility of earning money). 

What exactly is DeFi Kingdom’s true potential, and how do they plan to realize it? What does DeFi Kingdom look like now, and what could it become in the future? We should go right in.

The Liquidity Provider Pool 

As previously stated, marking JEWEL in support of the DeFi Kingdom’s monetary economy has also been gamified. In-game, players can stake their tokens in two ways to earn a variety of rewards:

The Bank: The “securer” of the two alternatives, the game’s bank is a solitary marking pool framework that allows players to exchange JEWEL for xJEWEL (as in the Sushi model), an administration token that addresses the bank’s ownership portion. 

As transactions occur throughout the DeFi Kingdom biological system, the actual bank will receive charges and thus use this to purchase more JEWEL, thereby increasing the value of a financial backer’s xJEWEL. 

Also checkout, Which DeFi to invest in ? Top-5 DeFi .

The Bank’s expense-sharing structure is akin to purchasing stock in the game’s bank and reaping profits after a period of time.

The Garden: Alternatively, as players stake their JEWEL, they can place their new liquidity in the Garden of the game. 

In the Gardens, players receive plots of land corresponding to their total share of the game’s liquidity. 

Over time, an NPC rancher will gather plants for suppliers and store them for players to ensure their safety. 

Because of the high return provided by The Gardens, player compensations are locked behind time entryways to ensure the game’s tokenomics remain adjusted and fair. 

As time passes and DeFi Kingdom develops, players can acquire a larger portion of their marking compensations when they are free to guarantee, or buy NFTs or various buffs to help the game’s yield. 

As time passes and DeFi Kingdom develops, players can acquire a larger portion of their marking compensations when they are free to guarantee, or buy NFTs or other buffs to help the game’s yield age and locking framework. 

The game has also implemented withdrawal fees to prevent work of art “syphon and dump” schemes.

How Secure Is the DeFi Kingdoms Network?

DeFi Kingdoms is built on Harmony One, a sharded proof-of-stake (PoS) blockchain. Harmony can completely decrease hub approval times and deliver superior execution over comparable PoS or proof-of-work (PoW) blockchains by utilizing an obvious Random Function (VRF) for fair and unusual shard participation.

Where Does DeFi Kingdom Fall all things considered?

From a financial standpoint, DeFi Kingdom is following the crypto gaming playbook by selling a portion of its symbolic stockpile rather than approaching VCs for funding. 

While this method undoubtedly aids the group in raising the funds required to help scale the product into a full-time initiative, it may be a two-sided deal. 

The crypto space is teeming with financial backers hoping for a quick flip. And the organization may be creating a community based on monetary incentives rather than a genuine love of the game.

As previously stated, DeFi Kingdoms is a monetary framework reskinned to feel like a game (however, Eve Online is as well?). 

In the medium to long term, this could present a risk of massive market sell-offs. where early gain-focused financial backers decide to exchange their stake in the organisation as a result of emotion They appear to have expanded their benefits, leaving a smaller group of devoted fans “holding the pack.” 

I’m curious to see how players react and whether the game’s financialization will result in any kind of life span. 

To that end, the group is backing a couple of long haul bets in ongoing interaction. However, it’s an intriguing and novel UA strategy to entice clients through P2E every step of the way.

Subtlety in ongoing interaction is, undoubtedly, limited. 

DeFi Kingdom ensured that the monetary item would have to send off before the game to subsidize the remainder of the project by using DeFi mechanics to finance the venture. 

However, early indications are encouraging. A $1.1B market cap and a robust tokenomics framework point to long haul success, but it’s difficult to assess the true capability of a game when you can’t actually play it. 

It’s also worth noting that the “finance before game” pattern is, by all accounts, becoming increasingly common in the crypto gaming space. 

As we noted in our analysis of Aurory last year, market pioneers in the space appear to view the title’s monetary components as a component of the actual interactivity. 

It’s similar to the “game before the game” or “local area system.” To some, it may appear that the organization is getting everything completely mixed up, but when executed correctly. 

I believe that solid ongoing interaction mechanics will result in a generally devoted and financially stable neighborhood.

DeFi Kingdom’s core is promising. It’s novel to improve DeFi’s UI and UX through gaming. 

However, given the long-standing suitability of monetary-centered games and the fact that there has been very little ongoing interaction to date,.

I’m still unsure whether DeFi Kingdoms can continue to draw in mindshare. 

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