One of the reasons why games like ay infinity appear to generate so much buzz is that they
provide as a simple on-ramp to web three principles to put it another way.
The finest crypto games, simplify tough crypto ideas, using a familiar interface to provide
people a better standing of what the technology is capable of.
The concept of a utility based NFT as an in-game object that can be owned, exchanged, or sold
appeals to me with the foregoing in mind, I believe it is always worthwhile to investigate
new games that take this simplification notion step further and utilize gamification to transform
core crypto principles into enjoyable user experiences.
Yeah, I am talking about defi kingdoms.
Disclaimer, I'm not a financial advisor.
The video is for informational and educational purposes only.
Hey everyone.
Welcome to crypto trends in today's video, we'll talk about defi kingdoms and how you
can make passive income with defi kingdoms.
So make sure to subscribe to the channel so you don't miss out on any of our videos.
So without further ado, let's get into it.
What is defi kingdoms?
Defi kingdoms is a game based on the harmony blockchain that has recently gained a lot
of attention.
In a nutshell, it's a crypto gaming initiative that turns the notion of a decentralized exchange
or decks into a game.
Its native currency.
Jewel has a market cap of more than 406 million.
The current incarnation of defi kingdom is at its heart, a gaming skin for decentralized
finance.
While other video games focus on purchasing and selling in FTS, defi kingdom is beginning
by leveraging games to make investing in crypto through the games, expanding economy entertaining,
consider it cross between Robin hood and final fantasy.
What I like about defi kingdoms is how it transforms difficult to learn principles defi,
one of the primary criticisms of new crypto users into a UI that is familiar and easy
to use.
This is the strength of defi kingdoms and game fi in general, to add a new component
financialization, to something that appears to be simpler, sociable, and entertaining.
The games popularity has skyrocketed due to its simplicity and the opportunity for profit.
So what sets defi kingdom apart defi kingdoms is it described as a game, a decentralized
exchange, a liquidity pool opportunity and a market of rare utility driven NFTs, all
playing out smoothly in the immensely Nosal style of fantasy pixel graphics.
It's a bold assertion, but a deeper look offers a framework through which we can comprehend
defi kingdom as it currently exists and may exist in the future.
The game specifically includes a token powered ecosystem and decent exchange.
A pool of liquidity providers comprised of in-game banks and gardens, an NFT asset platform
that has been reimagined as a high fantasy adventure game jewel and the decentralized
exchange.
The jewel token is at the heart of defi kingdom, consider Juul to be a hybrid of a standard
crypto token and an in-game money.
Similar to that scene in games like world of Warcraft Jewel powers, everything in the
game token holders are in charge of the community's roadmap.
The tokens transaction proceeds go to who developers player prizes and community money
purchasing NFTs and gaining cash incentives requires gamers to have ju it's the lifeblood
that keeps the games.
Ecology running players may get ju by either purchasing it from the games decentralized
market is supposed to resemble an actual market or earning it through other ways, which we
will discuss later in this video, the token may even be staked in game to gain liquidity
provider benefits such as greater yield dual returns that can be spent on extra game features.
The none of these components are new core defi inventions, but the way defi kingdoms
presents them to the user as a game is unique.
The liquidity provider pool, as I said before, staking ju in favor of the defi kingdom's
financial sector has also been gamified to obtain a range of incentives.
Players can stake their tokens in one of two methods in game the bank, the games bank is
a single staking pool system that allows players to swap Juul for ex jewel, a governance token
that symbolizes the bank's ownership share as transactions occur across the defi kingdom
ecosystem, the bank will collect fees, which it will then utilize to purchase more ju boosting
the value of an investor's ex jewel.
The fee sharing structure of the bank is similar to buying shares in the games bank and collecting
dividends over time.
The garden, alternatively, as players stake their ju they can invest their new liquidity
in the garden.
The game in the gardens participants acquire plots of land equal to their overall contribution
to the games.
Liquidity.
An NPC farmer will gather plants for providers and store them for players to claim over time
because of the gardens.
Enormous yield for players are locked behind time gates to guarantee the games token omics
stay balanced and fair as time passes and defi kingdom matures players can receive a
bigger share of their staking rewards as soon as they become available or acquire NFTs or
other buffs to speed up the game's yield production and locking mechanism to avoid the usual pump
and dump tactics.
The game has also included withdrawal fees, NFT platform, and game.
Having said that the actual game is still in its early stages with the prom of a slew
of typical play, to wear mechanisms on the horizon.
There's not much to delve into here for the time being among the most notable roadmap
elements are heroes, which are interactive NFTs that can be purchased sold or L out for
jewel token.
Each carry comes with a slew of standard high fantasy RPG characteristics, such as stats
levels and pets kingdoms plots of land in game that players can possess to improve their
staking rewards, grant character benefits or produce money incentives, player versus
layer tournaments.
Once the games environment has been completely developed, the creators want to release a
fight system complete with betting levels and more typical RPG like aspects, ways to
make income in defi kingdom.
So to put it simply their are three common ways to make income in defi kingdom.
Staking ju token, I have mentioned it before as well, but it really is one of the best
and foremost ways to make passive income in defi kingdom to do so.
You must purchase ju or have enough to steak because quests provide jewel tokens.
You gain them as you play the game.
However, certain tasks do not award as much jewel in such situation.
It could be worthwhile to think about investing in jewel tokens to stake.
And to be honest, staking payouts can reach up to 50% providing liquidity, any decentralized
exchange needs liquidity in order to find function.
Fortunately, the developers permit you to participate in liquidity pools and operate
as liquidity providers.
Some LP pairs provide an PPY of up to 400%.
This is one of the most effective methods for obtaining ju it should be noted that you
do not need to play the game in, in order to bet or give liquidity.
This is why defi kingdoms is both a decentralized exchange and an NFT game sell NFTs.
Despite the fact that being a game is a secondary role for defi kingdoms, selling NFTs or heroes
is one of the best method to generate money.
The creators also intend to include PVP adventures in which you will battle other heroes for
prizes, the better the heroes you summon, the more money you'll make when you sell them
on the NFT marketplace.
Latest news defi kingdoms surpassed Axian in transactions in January.
Defi kingdoms is the ultimate example of GAFI the gamification of decentralized finance
or defi in which games organically incorporate defi elements into their playing mechanisms.
According to DAPP radar.
It is a also stated that defi kingdoms goes above and beyond game fi by offering an actual
gaming experience within its pixelated virtual environment, which accepts transactions in
Juul, the games, utility and governance token, according to the report, defi kingdoms has
establi listed itself as the essential gap for the growing harmony ecosystem with a TV
L of approximately 1.2 billion attracting more than 22,000 daily unique active wallets
or UAWs in January and retaining its player base at the level from December, 2021.
At the same time, defi kingdoms produced over 1.6 billion in transactions last month, 243%
more than maxi infinity, which was placed second with a $775 million investment.
Where does defi kingdom fit into the big picture?
Defi kingdom is using the crypto gaming playbook by selling a percentage of its token supply
rather than seeking money from venture capitalists.
While this method surely assists the team in raising the capital required to help develop
the product into a full-time venture, it may be a double edged sword.
The crypto industry is teaming with investors, looking for a quick profit, and the firm may
be forming a community based on financial and incentives rather than a genuine love
of the game itself.
As previously stated, defi kingdoms is a financial system.
Re-skin to feel like a game, but isn't Eve online in the medium to long term, this may
increase the possibility of big market selloffs in which or early profits focused investors
opt to liquidate their position in the firm.
After feeling like they've maximized their gains, leaving a smaller handful of devoted
followers, carrying the bag.
I'm interested to see how players respond, and if the games financialization will result
in any form of longevity to that purpose, the team is hedging some long term bets in
gameplay, but it's an intriguing and innovative UA approach to grab consumers in from the
start with play to earn the games.
Gameplay details are unsurprisingly rare defi kingdom ensured that the financial product
would need to debut before the game to fund the remainder of the project by leveraging
defi mechanisms to fund the project.
However, early indications are encouraging a $400 million market cap and a solid Tomic
system point to long term success.
Ju token current price.
The jewel token is currently trading at $5 and 64 cents up by 9.5% in the last 24 hours,
because it is currently down from its all time high of $22 and 52 cents owing to a recent
bear run.
Now an excellent moment to get ju tokens.
Even when the market is down, it has a market capitalization of more than 353 million price
prediction for ju token.
I believe the Juul token has the potential to trade in the 25 to $50 reg since it combines
the principles of play to earn defi and decentralized exchange into a fun and engaging game that
consumers will want to play.
And given that the sale of defi kingdoms in January, 2022 was more than double that of
ax infinity.
The Juul token has a lot of potential final thought.
Defi kingdom is a promising game at its heart.
The concept of using gaming to simplify the UI and UX of defi is innovative.
However, with the long term viability of financially oriented games, still in doubt, as well as
the lack of gameplay too, yet.
I'm curious whether defi kingdoms can continue to garner mind share.
What do you think about defi kingdom?
How big can it get?
Also if you've played it before, how is your experience, please let us know.
In the comment section below your experience will assist others in deciding whether or
not to invest in the jewel token.