DeFi Kingdoms and everything you need to know about this game
DeFi Kingdoms is an NFT-based blockchain game. With the advent of decentralized financial systems (DeFi), NFTs or irreplaceable tokens came into play. Users unexpectedly welcomed these tokens. However, even though 2021 became known as the year of the NFTs due to the popularity of the people, GameFi programs surpassed the DeFis and became more popular.
According to Bloomberg according to DappRadar, about 50 percent of digital currency-enabled wallets connected to decentralized applications were for gaming. In the continuation of this article, we will review one of the top games of the Chinese block in 2022 called DeFi Kingdoms. Stay with us.
Introducing the game DeFi Kingdoms
Kingdoms is a monetized game with NFTs and non-exchangeable aspects. According to reports from Bitcoin.com token introduced in this game is JEWEL. This token is a tool with which users can buy NFT games to increase base-level statistics and use it to extract liquidity.
In other words, this game is a pool of liquidity. It allows its users to have both a paid token and a token that can be used and valued, and returned to them in attractive and fun ways.
Developers’ interest in investing in China’s blockchain technology was a major factor shaping the game. DeFi Kingdoms game is built on the Harmony currency network and is the first project in this network at the top of the DappRadar table. This could be the increase in the price of the JEWEL token and the interest of people in Chinese block games.
As a result of the influx of people to this type of game, the number of users of this game increased by more than 300%, and the number of network transactions more than doubled.
Instructions for the game DeFi Kingdoms
As we said, DeFi Kingdoms is a decentralized DeFi network game designed on a Chinese blockchain platform with usable NFTs. The game earns low, safe, and fast payouts, and users must recruit heroes to defend their gardens. To form your kingdom, you must first buy land in this game. Then provide the necessary resources for yourself and advance your kingdom.
You have to build your equipment, increase the power of your warriors and heroes, and show everyone your progress on the world map. Another thing you have to do in this game is to exchange tokens. It would help if you also created a pair of LPs. This is to receive JEWEL-LP and start mining in liquidity pools.
Also, if you want to unlock your JEWEL currency prizes, you have to add liquidity in the gardens or earn money by participating in bank betting.
The heroes of DeFi Kingdoms game with PVE and PVP battle system try to bring the land to its former glory by reaching it. In this way, players can build buildings on their fields and use them to extract resources and other benefits for their heroes. So the more gardens you build, the more rewards you will receive.
In addition to the above, there are legendary spells in this game. These spells reach lucky winners with at least thresholds of jewel tokens in their bank balance.
The reason for the difference between DeFi Kingdoms and other blockchain games
The difference in this project is the frameworks that it offers to its users in the form of games. DeFi Kingdoms is different from other games in that it has the following items, each of which is described below.
• Decentralized exchange ecosystem and having JEWEL tokens
The JEWEL token is located in the core of DeFi Kingdoms. This token can be considered a traditional currency code and an in-game currency code. This game’s features and things are designed based on this token. The roadmap in this game is managed by people who own tokens. Income from token transactions is also set aside for developers, social funds, and player prizes.
To buy NFT, one must have a token or JEWEL, which is the main basis of the game. Players can buy tokens from decentralized markets or obtain them in other ways. In addition to using JEWEL to buy NFT, it can also be used to earn cash rewards such as buying more in-game features.
• Cash supply pool in the form of banks and gardens in the game
Players can win various prizes by sharing their tokens in one of these cash pools in the form of banks and gardens.
Bank: The bank is a safer option among the liquidity pools in the DeFi Kingdoms game. The game bank is a single pool system that allows players to trade their JEWEL token with a jewel. Transactions are processed throughout the DeFi Kingdoms ecosystem, and the bank receives a fee. Then use it to buy more JEWEL and increase the value of a jewel investor. Note that the bank fee-sharing system is like buying stocks in the game bank and making a profit over time.
Advantages and disadvantages of DeFi Kingdoms
Benefits :
- No need for the time commitment
- No risk of permanent loss
- Awarding prizes and airdrop to xJEWEL sponsors
- No need to pay for an immediate deposit or withdrawal
- Having the right to vote on government proposals
Disadvantages:
- APR returns are currently not as great as Gardens.
- Opportunity to use jewelry
Garden: When players share their jewels, they can invest their new cash in in-game gardens. In the gardens, players receive pieces of land according to their share of the game’s cash.
• A platform with NFT
One of the important parts of the roadmap in this game is:
- Heroes: This is one of the interactive NFTs that can be bought, sold, or lent to JEWEL. Each character in this game comes with standard RPG features with high fantasy.
- Kingdoms: Areas players can own to increase their betting rewards or create cash prizes.
- Player vs. Player Tournaments: Once the game world is complete, the developers release a battle system. This system is completed over time with betting, leveling, and traditional RPG mechanisms.
The best DeFi Kingdoms digital currency exchanges
The currency is currently traded at two international exchanges, MEXC and Hotbit. BossSwap, OpenOcean, and DeFi Kingdoms also trade the best exchanges for this currency.
DeFi Kingdoms digital currency price information
The purpose of creating the DeFi Kingdoms’ digital currency was to eliminate the problems of existing networks. It is currently ranked 155th among digital currencies. The total supply of this digital currency is 331,029,405 JEWEL, according to information from the developers and founders of the project. So far, 63,223,149 JEWEL of this amount has been circulated.
The total market value of this digital currency is $ 464,891,211. The digital currency is currently trading at $ 7.35, up 7.14% from the previous day. For more detailed information on the price and fluctuations of this digital currency, you can visit coinmarketcap.com.
Conclusion
As we said, DeFi Kingdoms’ digital currency has a decentralized exchange and uses the UniswapV2 protocol. You can exchange tokens or receive a commission when someone trades these tokens in this game. LP tokens can also be used to win JEWEL prizes.
In addition, the platform of this digital currency has important features such as banking. With Game Bank, you can deposit JEWEL tokens to receive xJEWEL shares. Also, in every transaction you make in this game, a percentage will be deposited in the bank so that those who have xJEWEL will get more rewards. We hope you find this article useful. I appreciate your support
