Boxmining v2

Category: Gaming

Coins used in the decentralized gaming space.

  • Decentral Games ($DG): a decentralised crypto casino

    Decentral Games ($DG): a decentralised crypto casino

    Decentral Games is the first community-owned casino ecosystem offering a chance to participate in a seamless, anonymous and decentralized gaming ecosystem, all the while being rewarded for your participation.

    Thrill-seekers from any part of the world have had the pleasure of enjoying their favorite casino games on-the-go. Despite the fact that these games have been available on the internet since the 90s, their popularity has only recently soared to the roof! This is in part thanks to the abundance and accessibility of mobile devices.


    Background

    In 2019, with the power of Blockchain technology, a group of innovators has been able to give the online casino sphere a gigantic push forward with the formation of Decentral Games.

    The founders were able to seize an opportunity to leverage the Ethereum blockchain to develop a non-custodial social 3D casino on the internet. The team, which is made up of about ten people, is based in San Ana, Costa Rica.         

    What is Decentral Games?

    Decentral games is a casino ecosystem that is owned, governed, and maintained by its users (holders of the $DG token), through a Decentralized Autonomous Organization (DAO). Essentially, the platform allows casino game lovers to control its system and ensure that rules are followed and issues are resolved through the DAO.

    The ecosystem leverages two previously existing Blockchain platforms. One is Decentraland, where its users are able to create, experience, and monetize contents and applications. The other is Matic Network, which provides seamless, fast, and cost-effective transactions on the Ethereum network.

    Decentral Games puts the affairs of the game itself into the hands of its users. For instance, the users are in-charge of funds. And thanks to its open-source logic, a fair evaluation for every result (in case of disputes). Furthermore, each user is able to enjoy fast transactions and anonymous participation.

    Decentral Games Ecosystem

    Every element on the ecosystem interacts with the $DG token. And these interactions all happen via the dgTreasury, which serves as the casino house fund. It is open and observable to all users.

    The treasury is responsible for bankrolling and funding all games. Therefore, for it to function effectively at all times, it must always have enough funds. Fees collected from players (in $MANA and $DAI) would be collected and kept in the dgTreasury, which is also from where winnings would be paid out.

    By incentivizing players to stake their digital assets, the treasury gets enough buffer to fund gaming activities.

    And players who stake digital assets are rewarded with $DG tokens, a process popularly known as mining. However, this is not the only means by which you can mine on Decentral Games.

    What is $DG token?

    $DG is Decentral Games’ native utility token based on Ethereum’s ERC-20 standard and made mainly for use on the DG platform. There are 3 main uses and ways to earn the $DG token which will be explored in detail later on in this article. These are: governance, liquidity mining, and gaming rewards.

    Holders of the token can propose and vote on governance proposals concerning the features and/or parameters of Decentral Games’ ecosystem. Decentral Games also has a staking mechanism which rewards users with $DG tokens. Finally, $DG tokens are also rewarded to players for playing games with MANA or DAI.

    $DG Allocation and tokenomics

    At launch, a total of 1 million $DG will become accessible to be distributed strategically over 6 years. 62% (620,000 DG) would be allocated to the community, 20% (200,000 DG) to the development team with 3 years vesting, and the remaining 18% (180,000 DG) to early participants with 2 years vesting.

    How to earn $DG tokens on Decentral Games

    Governance incentives

    As a DAO-based community, users are able to come together to deliberate on important decisions. And decisions are made through the results of a vote. With this system, the platform’s future is carved and decorum is maintained.

    This system of self-regulation is known as Governance.

    To submit a proposal or vote on them, you must own $DG tokens. Users can stake their token to submit proposals, as well as vote on them.

    According to the encoded rules of the DAO, 1% of the total $DG supply is required to submit a proposal. While at least 4% of the total $DG supply must be pooled together within 7-days for a decision to be made.

    The amount of $DG you have staked determines your voting power. Users are able to stake their tokens through the governance dashboard available to every user.

    Participants in governance are often rewarded with more $DG tokens. This makes the second means by which you can mine on the Decentral Games.

    It should be noted that issues deliberated and voted on are restricted to those within the platform and its eco-system itself. It does not extend to the management of the staff, assets, or affiliates. It also does not represent any right with respect to Decentral Games itself.

    Liquidity Incentives: mining/farming $DG

    The earning process, also known as mining, is conducted through several different processes on DG. It enables users to get $DG in return for providing liquidity to the MANA-DG and DAI-DG 98/2 balancer pools. Farming on $DG is done in 4 simple steps:

    1. Hold $MANA or $DAI on your Ethereum Mainnet wallet on Metamask. and connect your wallet to Decentral Games.
    2. Choose either Pool 1 (98% MANA- 2% DG) or Pool 2 (98% DAI- 2% DG).
    3. Select “Add liquidity” and fill in your preferred deposit amount. If you are a first-time Balancer user you may have to sign up to 4 transactions: setup proxy, MANA/DAI authorisation, $DG authorisation, and add liquidity to pool. Once you have added liquidity to the pool, you will receive balancer pool tokens (BPTs) which can be staked to farm $DG.
    4. Connect your Metamask wallet to the $DG Liquidity Farming Dashboard. Then, enter the BPT amount you wish to stake and confirm by selecting “Stake BPT”.

    More details on how to farm $DG are available here.

    Gameplay Rewards

    But perhaps the most important means of mining on the platform is through gameplay. As you are enjoying the thrill of your games, you get rewarded in DG tokens.

    Rewards are distributed based on specific activities you perform during gameplay. Some of those activities involve placing a wager, playing with multiple players on the same table, referring other players, and having your avatar wear DG non-fungible token-based wearables when playing.

    You can bring your digital assets into the ecosystem using MANA or DAI tokens, both of which are fast and effective transactional stablecoins that run on Ethereum and are noted for their value exchange stability.

    So in addition to any winnings players may receive, they will also receive $DG.

    Available games on Decentral Games

    At present, a good number of popular casino games are already available on Decentral Games. These include: Blackjack, Roulette, Slots, Backgammon, and Poker.

    Decentral Games expanding into virtual land ownership?

    On 21 January 2021 Decentral Games has transferred 403 Decentraland LAND parcels to the $DG DAO worth USD $500,000. Each of these land parcels is a unique and transferable non-fungible token representing 16×16 meters of virtual space in a specific location on the Decentralad map. Users can choose to own adjacent land parcels for building structures such as casinos and galleries. (https://escapecitybuffalo.com/)

    $DG holders will be able to create proposals to direct how these land parcels should be developed.

    Conclusion

    As people spend more hours within virtual worlds, Decentral Games aims to grow to hundreds of thousands of users by the end of the year. And since it is part of a greater ecosystem called Decentraland, the casino platform can easily tap into a vast network of users.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • ChainGuardians ($CGG): play games to earn cryptocurrency?

    ChainGuardians ($CGG): play games to earn cryptocurrency?

    ChainGuardians is powered by the technology that allows digital asset tokenization, creating an ecosystem where blockchain meets play. Here, users can have fun on the platform while earning rewards in the form of cryptocurrency. They can also participate in popular blockchain activities such as mining or staking without much complexity.

    Check out our interview with Co-founders Emma Liu and Idon Liu (from 23:00 onwards)

    Background

    The team behind ChainGuardians built the platform to create an enjoyable and worthwhile blockchain gaming experience for its players. According to the team, the majority of the gaming content is still currently only accessible on web browsers but they are planning to create an independent gaming platform for it.

    What is ChainGuardians?

    ChainGuardians is a cryptocurrency-meets-anime-themed blockchain collectible game powered by non-fungible tokens (NFT). The game is available both on mobile and web platforms, making it very accessible to its users. It is also built on top of Ethereum while its in-game assets are based on the ERC-721 standard.

    The goal of ChainGuardians is to introduce a gaming element in the blockchain ecosystem, implementing chain analysis technology and advanced game economics to govern the platform’s mechanics.

    All in-game assets are considered crypto-collectible NFTs. These are, for example, weapons, armors, and even the in-game characters i.e. Guardians. The purpose of having them tokenized is to make sure that they are unique and safe against counterfeiting.

    All the collectibles, as well, are of limited quantity. They can also be either bought or sold on secondary NFT marketplaces.

    While there are a lot of blockchain-based games today, according to the team behind ChainGuardians, their difference is that their governance is more community-based. There are other steps that the team said they were doing differently against others, which are:

    • The constant development of end-game content and platform playability;
    • Introduction of multiple game modes, including player-versus-player modes;
    • Rebalancing of Guardians, lower ranking characters, items, and game economy, as they are needed;
    • The constant development of the battle meta;
    • Introduction of ‘Bring Your Own NFT,’ where users can integrate their own NFTs on the platform;
    • Loyalty reward system;
    • Bot prevention system; and
    • Commencement of events and competitions to encourage player activity.

    The platform offers a free-to-play NFT mining game and a role-playing game (RPG). Players can earn rewards for participating in either of the two.

    For the game’s newcomers who just want to try out the game modes first, the platform offers a guardian simulation mode. For this mode, users will not need to own any crypto-collectible, or NFTs. This means, however, that their progress will not be factored in the actual game economy. They will also not be entitled to rewards in the simulation mode as well.

    Crypto Boost is another feature made available on the platform. This gives existing cryptocurrency holders additional incentives in playing the game. To ensure that the accounts are in good crypto standing, their transaction history and holdings will be evaluated through Chain Analysis.

    NFT Mining Game

    Players can choose to participate in the game’s ecosystem by staking NFTs partnered by ChainGuardians. The process here is really simple. Users can either purchase their own NFT for staking or select from its supported projects called the “CryptoVerse Alliance.”

    After a player has chosen an NFT to mine, they can start mining. Rewards for mining NFTs are ChainGuardians Credits (CGC). These can be used to make in-game purchases on ChainGuardians RPG or for conversion to the ChainGuardians Governance (CGG) token (more on this later). Furthermore, this is free-to-play.

    ChainGuardians RPG

    Playing the RPG is another option for users to earn rewards from the platform. Basic game achievements, such as the increase in your character’s level or winning against other in-game enemies, can give the player CGC rewards.

    The goal of the players here is to work together to take down in-game enemies such as GateKeepers. This will help their characters gain power, credits, armaments, and other tools that they’ll need to progress in the game.

    The game is also a turn-based battle game, but when a player is not active, the platform allows AI-based battles that factor in the attribute of a player’s character.

    CGC rewards can be redeemed for CGG tokens or other available services on the platform.

    There is a daily schedule for the redemption of CGG and it factors in the activity of the player on the platform. The RPG is also free-to-play. 

    CGG Token

    CGG is ChainGuardians’ Governance token. It is an ERC-20 token that represents a user’s stake in the platform. CGG holders can take part in important protocol decisions as well as earn rewards for continuously participating in the ecosystem.

    There are many ways to earn an income from using CGG. Here are some ways:

    Liquidity Provider Token

    The platform has a liquidity pool backed by the POWER token. This is the ecosystem’s liquidity provider token. Users who stake CGG in the platform’s liquidity pool are entitled to POWER rewards which they can redeem later on. The pool supports the CGG and ETH trading pair of the platform.

    In addition, users can choose to just provide CGG pairs on the platform’s liquidity pool. They can also earn POWER in doing so.

    NFT Staking

    CGG holders can stake their tokens on the platform’s supported NFTs. This way, they can potentially earn more NFTs and partner tokens as their reward.

    Governance

    The platform’s governance is community-based, which means that CGG holders are the ones voting on the ecosystem’s mechanics and protocols. Some of these decisions cover the following:

    • Future in-game characters and their abilities;
    • Game economics and balancing schemes;
    • APY for stakers and the supported NFTs; and,
    • Hash rates for NFT miners.

    Conclusion

    The game is indeed an interesting use case for blockchain technology. Apart from the introduction of NFTs, it also features a liquidity mining and staking option that many cryptocurrency holders find easy to work with. 

    The project has done good work in integrating advanced blockchain concepts into a more gamified experience for users.

    With the successful application of most blockchain technologies such as governance tokens, NFTs, mining, perhaps the next step for ChainGuardians is to make a scalable platform should more players join. All in all, the project is a promising display of the blockchain’s capacity while easing them towards the basic concepts that back most projects in DeFi.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • My Neighbor Alice ($ALICE): merging NFT and gaming？

    My Neighbor Alice ($ALICE): merging NFT and gaming？

    My Neighbor Alice is one of the new blockchain-based applications that benefited greatly from the ongoing Non-fungible tokens (NFT) hype.

    Basically, My Neighbor Alice is a game that utilizes blockchain technology and NFTs as a backbone for their mechanics. It has two main target markets: those who are looking to play new multiplayer games and cryptocurrency enthusiasts. By meshing the world of game and crypto together, ALICE has become an interesting development in the use cases for NFTs.

    Background

    There are a lot of blockchain-based games already launched in the space. They come in many themes, but most often, their aim is to create an online community where people can interact with each other and be introduced to crypto at the same time.

    One of the most popular NFT-based games right now is Decentraland. This game allows you to purchase a virtual land in a digital world which you can customize according to your own plan. You can also interact with other players and exchange in-game items with the support of the NFT technology.

    Today, the newest NFT-based game that gained widespread popularity is My Neighbor Alice. It was launched in Binance in March 2021 and had over 220% increase in token value within its first 24 hours since listing. The game, however, isn’t just for the blockchain aficionados. It is for everyone, no matter how new they are to crypto. It’s also worth mentioning that the game was purposefully created to cater to crypto’s underserved market — women.

    What is My Neighbor Alice?

    My Neighbor Alice is a blockchain-based, multiplayer builder game built on top of the Chromia network. The mechanics are simple. In the game, you can purchase virtual islands, collect in-game items, and interact with other players in its digital world. You can also pursue your tasks or help out your neighbor, called “Alice,” to earn rewards. You can use these rewards to purchase other in-game assets, which you can also sell later in its supported NFT marketplaces.

    These NFTs can be anything you’d find in the game. These may be houses, animals, plants, or any other decorative item that players put in their virtual land. Users may trade these items if they want to but they also have the option to rent them to others.

    What are the main features of My Neighbor Alice?

    • Marketplace – This is where users can buy, sell, or trade their in-game assets, which are represented by NFTs.
    • Virtual Islands – This is a parcel of land that users have to purchase to participate in the game. These islands can be bought from the ALICE app or the marketplace. Like in-game items, they are represented by NFTs and can be decorated however the user wants to.
    • Avatars – The users are given a character, called avatar, to interact with other players. These can also be modified however the user wishes to.
    • In-game Assets – All items that can be found in the game are in-game assets which users can purchase or sell on the marketplace. But beyond that, users are free to create new assets with the help of ALICE’s NFT creator.
    • Reputation System – The game implements a reputation system where players who do good as a “citizen” in ALICE’s virtual world are rewarded. This can also be improved by users purchasing more virtual islands or NFTs. There is also a tier reputation system that grants users with access to different items or rare NFTs according to their status.
    • Shared Quests and Community Events – To foster a gaming environment that showcases cooperation and friendship, the game has tasks that put people on a shared goal. The players can also launch their own events to gather and interact with others.
    • On-chain Forum – There will be a forum where users can discuss game activities and talk about other topics related to the roadmap of the game development.

    Why Build it on Chromia?

    There are multiple other blockchain platforms today that aim to enable decentralization. Perhaps the most popular is Ethereum, the second-biggest blockchain network today. However, it is difficult to build and scale new decentralized applications (dApps) there due to network congestion issues and extremely expensive gas fees. To address these concerns on the network, the developers built the game on the Chromia platform.

    Chromia Network is a blockchain platform on top of Ethereum that aims to address the scalability issue found in the implementation and development of dApps. One of its biggest use cases is it allows dApp developers to issue CHR-backed tokens. Today, Chromia has projects supporting real estate, finance, and gaming initiatives. One of them is ALICE.

    ALICE Token

    $ALICE is the native utility token for the game. It is an ERC-20 token that users can utilize to participate in the game or collected as a store of value. ALICE is the currency used by users as a medium of exchange, as well as to purchase NFTs represented as in-game assets.

    Staking

    The platform will soon enable the possibility for users to stake their tokens to earn additional ALICE as a reward. For now, there are platforms like Binance that allow staking of tokens, such as CHR, USDT, and BNB, to earn ALICE.

    Governance

    The game will have a community council that decides how the game ecosystem moves forward. This follows the Decentralized Autonomous Organization (DAO) model where ALICE token holders vote on important protocol proposals.

    Conclusion

    ALICE had the tremendous backing of investors in the cryptocurrency space when it first came to the market. This can also be because the project’s aims are beneficial for the whole network. Introducing blockchain technology to a whole new group of people who might have never heard of it is a promising initiative in achieving greater adoption.

    The first step in pushing for adoption is to make people understand that crypto and NFTs aren’t too complicated after all and that blockchain isn’t just about Bitcoin, DeFi, or payments.

    Alice has it all. The game mechanics are simple, the developers are preparing DeFi opportunities for token holders, and the whole platform is decentralized. It is also launched via Steam, one of the biggest gaming platforms today.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Enjin (ENJ) Explained: Blockchain Gaming Platform

    Enjin (ENJ) Explained: Blockchain Gaming Platform

    Enjin is a blockchain gaming platform focused on the creation of digital collectible items that are truly owned by the user. The platform offers methods for creating digital assets (known as ERC1155 tokens) for use across multiple Video Games. Their uses include collectible art or even in-shop coupons. Blockchain gaming allows gamers to have true ownership of their in-game items and trade them for value.

    Enjin Platform uses Blockchain technology for these key benefits:

    • True item ownership – with transactions that cannot be censored powered by the Ethereum blockchain.
    • Convenient Exchange of value – digital items can be traded or sold instantly. The Enjin Wallet also allows users to access decentralised exchanges such as Kyber Network and Changelly.
    • Reserve Value – unwanted digital items can be “melted” into the Enjin Coin cryptocurrency.
    • Single Wallet for all items – the Enjin Wallet users to keep all digital assets in one single location.
    • ERC-1155 Token Standard – a superior version of the ERC20 and ERC721 token. Its transaction bundling and multi-send features mean it will save users’ costs.

    What is Enjin Coin (ENJ)?

    Enjin coin’s (ENJ) value comes from its use case as a stored reserve value in every item created on the Enjin Platform. $ENJ is locked up when items are created and released when items are destroyed.

    Items store (lock up) a certain amount of ENJ, with items such as the infamous “Monolith” storing 1,155,777 ENJ. ENJ from items can only be extracted by destroying the item (“via the melting process”). This creates a situation where more and more ENJ is locked up and overall supply is reduced as the platform is used by more games.

    #meltismurder
    Popular meme “Melt is Murder” discourages the destruction of items

    In terms of economics ENJ is a scarce resource and each game acts as a “value trap” for ENJ – locking up ENJ reserve and increasing the scarcity of $ENJ. With a limited supply of 1,000,000,000 $ENJ, this cryptocurrency acts as a form of “Digital Gold” – its value determined by the dynamics of supply and demand within the game’s ecosystem.

    Enjinx showcases all valuable assets and games on the Enjin Plastofrm

    Cross-game items – Enjin Multiverse

    One of the unique advantages of Blockchain gaming is the ability to create items that can be used across different games by different developers. This means players can carry their items between games like it is a single world (also known as the Multiverse).

    Multiverse items are possible because assets are stored on a decentralised blockchain – so independent developers can all access the item. To encourage the development of cross game items, Enjin announced its newest asset the Stormwall. It is an example of what we can expect with its gaming assets. Stormwall is a shield that moves across Enjin’s Multiverse of games.

    In the below video we see Stormwall being as a playable item in 32 different games including 9Lives Arena, Age of Rust, Cats in Mechs and more.

    Why is a Multiverse Beneficial?

    One of the biggest questions asked about cross-game items is – why is it beneficial for game developers and players? For developers, supporting cross-game items mean that they gain the benefits of additional exposure from games participating in the multiverse and increased retention from players who want to test out the item. This is especially important in this age as player attention is extremely valuable and having players “check out” how an items works in a different game drastically improves player interest.

    For players, having cross-game items mean that their items are naturally move valuable, especially long term value. This means that the effort used to earn valuable items are not wasted if they can be used in new upcoming games.

    The Enjin Coin Ecosystem

    Enjin have created an entire ecosystem where you can create, store, trade and use these items.

    • Enjin Wallet – Cryptocurrency wallet to safely store cryptocurrencies, blockchain gaming assets and exchange value. For more information check our EnjinWallet review.
    • EnjinX – Blockchain explorer to view transactions and items
    • Unity Plugin – Allows game developers to directly implement and issue items in games on multiple platforms like iOS, android, PC and MacOS.
    • Marketplace – buy and list items with the safety of smart contracts that independently facilitate the trade.
    • The Enjin Ecosystem

    Enjin for Mobile Games

    One of the biggest use case for non-fungible tokens is in mobile games. Mobile gaming is currently valued at $63.2 billion USD globally and growing on a year by year basis (Source: newzoo). Enjin has a direct partnership with game engine Unity which hosts the Enjin SDK which allows for easy integration of Blockchain assets directly into the game.

    Enjin Partnerships

    Enjin has a strategic partnerships with increase the rate of adoption of Blockchain Gaming and growth of the ecosystem. On the gaming side there is a partnership is with cross-platform game engine Unity with the introduction of the SDK

    The Enjinwallet has recently become the first wallet to offer full Binance Chain and all BEP-2 (Mithril, ChangeNow) based tokens.

    Enjin and Samsung Partnership

    Samsung’s s10 presentation at MWC Barcelona 2019 that broke the internet

    Enjin has been partnered with smartphone manufacturer Samsung Electronics to as a technology provider. Enjin Wallet directly interacts with the Samsung’s Blockchain Keystore, a trusted zone on new Samsung devices which is specifically designed to key cryptographic private keys safe. Samsung will also support Enjin’s ERC-1155 token standard and increase the adoption of Blockchain based non-fungible tokens.

    Enjin and Microsoft Partnership

    Microsoft Azure Heroes using Enjin ERC 1155
    Microsoft Azure Heroes using Enjin ERC 1155

    Microsoft has chosen Enjin as technology provider with the deployment of Azure Heroes, a program that will directly use ERC-1155 non-fungible tokens as a reward. This Blockchain-based reward will be given to contributors who help produce material for the Microsoft Azure platform, with participants given cute badge(r)s. For example, makers that contribute to the developer community or content heroes will be given rare badgers.

    These collectable badgers are a proof of achievement as an Azure Hero which you can show off on your social media. As these are tokenized assets on the blockchain, they cannot be faked. So no fake achievements or heroes here!

    https://twitter.com/AzureHeroes/status/1310851813164412928

    Enjin has entered the (DeFi) game

    Enjin Coin (ENJ) is now supported by the Aave Protocol. This means users can deposit ENJ in the Aave Protocol and earn interest whilst others borrow your ENJ. The Aave Protocol protects your deposits as it is controlled by immutable and transparent Ethereum smart contracts. Your ENJ is also secured by other cryptocurrencies left on the Protocol as collateral.

    How to connect Enjin Wallet to Aave Protocol

    Now with the Enjin-Aave partnership, you can directly interact with the Aave Protocol with your Enjin Wallet (which in our opinion is the best mobile wallet EVER). Here’s how: On the Enjin wallet, go to “DApp Browser”. On the search bar, go to app.aave.com. Click “Browser wallet” and when asked to choose your market, choose “Aave Market”.

    Connect Enjin Wallet to Aave Protocol
    Connect Enjin Wallet to Aave Protocol

    Enjin and BMW

    After much speculation, Enjin has confirmed they are partnering up with BMW to integrate Enjin Coin token swap into BMW’s Vantage App. The Vantage App is a Korean customer loyalty app for car-owners. Users can use the app to pay for goods/services such as gas, highway tolls and parking fees. There will also be referral rewards for dining and shopping.

    Purchases on the BMW Vantage app are rewarded with BMW Coins which can be used as spending for various activities and be swapped for ENJ.

    Note the token swap feature is not available on the Vantage App yet and according to Enjin, more details will be available once it is live.

    Enjin putting property on NFTs with LABS Group partnership

    Enjin is helping LABS Group put property on NFTs and the blockchain with its partnership.

    LABS Group will be using Enjin’s NFT minting platform to tokenise real estate on the blockchain. LABS Group will be offering fractionalized deeds of real estate for as low as USD$100, allowing retail investors (particularly millennials) to finally enter and invest in the real estate market.

    The range of real estate on offer will include buildings, hotel rooms and apartments. Trades will all take place securely through the regulated LABS Security Exchange.

    This marks the introduction of blockchain into the world’s oldest and largest asset class, valued at approximately USD$228 trillion.

    Enjin enters Japanese cryptocurrency market

    Enjin will be the FIRST gaming cryptocurrency to be listed on Japanese cryptocurrency exchanges. And it is going straight for the top with one of the largest cryptocurrency exchanges- Coincheck.

    Enjin ($ENJ) will be listed on Coincheck from 26th January 2021.

    This is a significant first step for Enjin into the Japanese market. Enjin’s aims are twofold- for ENJ to be approved by Japan’s finance regulators and to promote adoption of the Enjin Platform in the Japanese gaming industry.

    This listing was one and a half years in the making, having to pass the rigorous auditing and monitoring of the Japanese Virtual Currency Exchange Association (JVCEA)- formally recognised by Japanese financial regulators, the Japanese Financial Services Agency (FSA). The approval process for cryptocurrencies in Japan is notoriously difficult, with only 15 cryptocurrencies (including Enjin) being approved for listing on Coincheck.

    Japan also has a fiercely competitive cryptocurrency exchange market with over 20 exchanges in operation. Coincheck is one of the largest cryptocurrency exchanges in Japan based on volume, founded in 2014 with over 1.7m users and counting, and prides itself on being the top downloaded cryptocurrency app in Japan.

    As Enjin now has its foot in the door of the Japanese market, the Enjin team is now in discussions with various domestic companies and projects. With Japan being the pioneers of the gaming world (think Super Mario, Pokemon and Final Fantasy), it will be interesting to see what innovations Enjin can bring to the space.

    See Enjin’s official announcement on the Coincheck listing.

    Frequently Asked Questions

    Does it cost ENJ to transfer tokens on Enjin Chain?

    Enjin isn’t a blockchain, rather it’s a project built on Ethereum. In order to transfer Items (non-fungible tokens), you’ll need to use ethereum (similar to how ERC20 tokens work). In the future Enjin is explorer additional scaling options (Efinity) to allow for free item transfers.

    What is the most EXPENSIVE item on ENJIN

    The Monolith is the most expensive item on ENJIN, with 1,155,777 ENJ locked in the item. At the time of writing, this item is worth $168,000 USD!

    What makes ENJIN valuable

    ENJIN is a scarce resource, used to lock value into ever item created on the ENJIN platform. This means as time progresses and more games create items on ENJIN, more and more $ENJ will be locked up creating scarcity in supply

    Where can I buy Enjin

    $Enj is listed on all major exchanges, such as Binance.

    Other Resources:

    EnjinX – Blockchain explorer that tracks the Ethereum Blockchain, ERC-20 and ERC-1155 items
    Egamers – Enjin Games news website
    Everything Enjin – Great site covering Enjin Related News
    Multiverse Era – Telegram Channel about the Enjin Multiverse
    Castle Crypto – Coverage of Enjin games
    AsiaCryptoToday – cover of Enjin Platform

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Atari ($ATRI) – Powering the Gaming Industry

    Atari ($ATRI) – Powering the Gaming Industry

    Atari, the pioneer of the videogame industry, is venturing into the crypto space by creating their own token, Atari Token, ($ATRI), to power the future of the interactive entertainment industry. The global entertainment and media market is projected to be worth approximately $2.2 trillion by 2021. Interestingly, gaming is continually accounting for a more significant chunk of the industry’s value and is projected to be worth $200 billion within the next few years, according to Statista. With the integration of blockchain technology and the Atari Token, the company believes that this will revolutionize the global gaming industry.

    Background

    Atari token is developed by icons in the gaming scene, Atari. The firm has over 200 games under its name. If you are a gamer, their titles would not be able to you as games like Pong, Missile Command, and Roller Coaster Tycoon were once very popular.

    Atari has been developing games since 1972. Therefore, its knowledge of the interactive has been enjoyed by gamers through generations.

    Notably, to be alive from 1972 means that the company has been able to adapt to the changing needs in its environment swiftly. It’s this open-mindedness that has seen the introduction of the Atari Token. Frédéric Chesnais leads the project as the CEO, with Manfred Mantschev heading the business development division.

    Atari's Partners
    Atari’s Partners (Image credit: AtariChain Website)

    Additionally, the project has partnered with notable firms in the cryptocurrency and blockchain fields. They include the Litecoin Foundation, Arkane Network, Chain Games, and Blockchain Game Alliance (BGA).

    What is the Atari Token ($ATRI)?

    Atari Token ($ATRI) is a blockchain-based currency aimed at streamlining payments in the interactive entertainment space. The token is developed using Ethereum’s ERC-20 standards and is powered by the Ethereum blockchain.

    However, before expanding to the entire area, the token sought to first make an impact on the gaming ecosystem. Although the project is driven by a blockchain system with a relatively low transaction speed (around 20 transactions per second), the network is exploring a layer-two scaling solution to enhance the network speed.

    With the token, the Atari team is keen on removing the barriers presented by other cryptocurrencies like Bitcoin and Ethereum. For example, instead of limiting themselves to particular use cases, the cryptocurrency can be used in a wide range of use cases in the long run.

    Simply put, the Atari team is keen on developing a token that can be used in everyday activities even outside gaming.

    Atari Token ($ATRI)
    Atari Token ($ATRI) (Image credit: AtariChain Whitepaper)

    Despite being an in-game currency, ATRI can be exchanged for real-world items. Also, it can be converted to fiat.

    ATRI is stored in an ATARI Omni wallet that’s available on iOS and Android-powered mobile devices. The wallet has notable functionalities such as:

    • Support for human-readable addresses.
    • Chat support.
    • Ability to send payments through SMS, Email, and chat.
    • Ability to initiate crypto-based payments via a credit card.
    • Support for government-issued currencies such as the Euro or Dollar.
    • Also, with the right regulatory approvals, the Atari Omni wallet can swap crypto for fiat.
    Atari Ecosystem
    Atari Ecosystem (Image credit: AtariChain Website)

    ATRI occupies a critical role in the Atari ecosystem. For instance, the token is used to power activities on smart contracts. In addition, it acts as a medium of exchange on supported platforms. As a start, the token forms a key pillar in the Atari system that has the Atari Casino, Atari Exchange, and Atari Betting.

    Atari ($ATRI) Public Sale

    The public sale of the Atari Token will begin on 29 October 2020 on Bitcoin.com Exchange. The price per token is set at $0.25 per token with a hard cap for the public sale of $1 million. The Atari Token will be listed on the Bitcoin.com Exchange following the completion of the public sale. For more information, please refer to their telegram or twitter.

    Atari Tokenomics

    The circulating supply of Atari Token is 65,389,000 and the total supply is 7,771,000,000. Atari Chain applies a token burn/buyback economic policy that aims to track network growth, demand and usage with the emission of new tokens into circulating supply. Any unsold tokens during the Private or Public Sale will ultimately be burned.

    Atari Tokenomics
    Atari Tokenomics (Image credit: Atari Tokenomics)

    Atari Token Governance

    Since it’s a community-focused project, the governance of the token is done through a decentralized autonomous organization (DAO). But, the basic rules have to be developed before welcoming community involvement. Therefore, the project will smoothly transition from centralized to decentralized governance.

    However, after decentralization, the Atari network will have 12 distributed parties that will oversee consensus among the Atari community.

    Advantages of ATRI

    Within such an expansive industry, such as interactive entertainment, the token has a wide range of advantages. Top among them include, but not limited to:

    Easy Integration

    The token is built to be the universal token on gaming platforms. For this reason, the fact that it is based on the Ethereum protocol puts it at its rightful path, considering that the blockchain platform has more than triple the number of developers compared to other decentralized networks.

    High Liquidity

    ATRI banks on attracting liquidity from a multitude of internet-based entertainment platforms. Notably, the coin will be integrated on platforms that are secure, as well as with high transaction volumes.

    Auditable

    The cryptocurrency industry has been filled with scams and poorly secured platforms for a long time, leading to security breaches and loss of investors’ funds. ATRI solves this by opening up to independent audits. This powers secure smart contracts and prompt the use of standardized safety policies. (https://www.srmfre.com)

    ATRI Use Cases

    The token can be used by gamers and developers alike. For gamers, the ATRI is ideal for making micro-transactions inside games, making digital representations of avatars, and allows participation in casino games centered around cryptocurrency.

    Atari’s Vision (Image credit: AtariChain Website)

    Developers, on the other hand, enjoy an enhanced payment process during development and an incentive to build blockchain-based games. For example, developers can easily integrate in-app purchases and collaboratively program, test, and translate their work.

    Conclusion

    In an industry expected to reach a valuation of 2.2 trillion US dollars, putting those who matter, gamers and developers, at the heart of the growth is the key to foster a motivated community and a vibrant interactive entertainment industry. This can only be achieved through innovative solutions like the Atari token.

    From powering in-game purchases to facilitating chat-based payments, ATRI sits at the core of the gaming sub-industry and forms a core pillar in the entire internet-based entertainment sector. Through its key partnerships, easy integration, high liquidity, and openness for auditing, the Atari token is ready to conquer all the sectors of crypto-based online entertainment.

    Importantly, its success in these realms would naturally lead to its adoption for daily uses outside the entertainment space.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Exeedme (XED): allowing every gamer to earn with blockchain and NFTs?

    Exeedme (XED): allowing every gamer to earn with blockchain and NFTs?

    Exeedme (XED) is a blockchain-powered gaming tournament platform designed to finally give professional gamers the income and recognition they deserve.

    There are over 2.5 billion gamers worldwide, making the gaming industry twice the size of the music and movie industries combined.

    But while producers and developers in the entertainment industry are able to rake in millions, the same cannot be said for gamers who find it almost impossible to earn a living playing video games.

    Although we do have cases of professional gamers generating substantial income through livestreaming, their numbers are considerably low as it requires a very high amount of creativity, skill, and time to build a big-enough audience and thrive. This challenge is what Exeedme is trying to solve.


    Background

    Francisco Varela and Nuno Fernandes teamed up to come up with this innovative idea of rewarding gamers for their devotion and skills to playing the game they love.

    To truly ensure the project caters to the professional gamer, their Head of Engineering- Arlindo Torres, is himself a game analyst and professional CS:GO player. Exeedme also has Ricardo “FOX” Pacheco Miguel, a professional CG:GO player and world champion as their Ambassador

    What is Exeedme?

    Exeedme is looking to revolutionize the gaming industry by providing Play2Earn platform for gamers, developers, and organizers a place to monetize their skills through blockchain-based gaming tournaments.

    The tournament platform is built on Polkadot, a next-generation multi-chain protocol that has grown exponentially in the last few months.

    Exeedme chose to build its system on top of Polkadot in order to benefit from its decentralized finance (DeFi) and non-fungible token (NFT) innovations. This would allow it to move fungible and non-fungible assets across multiple chains seamlessly, which could expand its horizons to larger communities.

    The Exeedme team recognizes the fact that the current game monetization models leave a lot to be desired since current models favor a few privileged gamers but do not provide an avenue for an average player to earn an income through gaming.

    Hence, Exeedme has come to give gamers a place to exercise a real sense of ownership and earn money as they play.

    Exeedme Gaming Solutions

    The central idea behind Exeedme is to provide a platform where gamers can be able to earn money from doing what they love. The platform seeks to reward gamers of all skill levels without any discrimination, which means you don’t need to become a top professional gamer in order to earn an income.

    And in this ecosystem, the biggest winners would be the game developers, as well as players.

    Virtual Assets

    Many games today have systems where they allow gamers to earn or buy virtual assets. The downside to this is that these assets cannot be monetized or transferred outside of the gaming system.

    Exeedme is looking to change all that through its XED native token, plus the use of NFTs. Gamers would be allowed to transfer their game’s “virtual assets” to different game universes, even if they are on different blockchains, which would result in an interoperable digital multiverse.

    Since DeFi and NFTs would be pre-built into the gaming platform, peer-to-peer gaming economy platforms could readily grow. These growing economies would be geared towards rewarding gamers instead of the side chain advertising industries.

    How Gamers Earn on the Platform

    Gamers can earn on the Exeedme platform in 3 ways: winning, participating, and progressing.

    To earn through winning, a gamer has to pick his favorite game to play, then stake it via funding with crypto assets. The player then selects his opponent or lets the system match him with similarly skilled players. The gamer could bet on himself to win and if he succeeds, he can take his earnings.

    Gamers can also win simply by participating and progressing in any game or tournament they play.

    In addition to the 3 methods mentioned above, Exeedme also allows players to earn NFTs when they progress such as trophies, collectibles and in-game assets. These an be used across different games, traded or monetized.

    Advantages of Exeedme

    Exeedme holds a number of advantages over the old gaming models, some of them are:

    • Exeedme’s XED tokens are far better than participation trophies that some of the other games reward. Regardless of the outcome of a game, a gamer can be assured of earning a token that can be spent. This is because every time there is a bet on the gamer winning, XED tokens are being mined.
    • Newly-minted XED and crafted NFTs can also be earned just by progressing in a game’s tournament or winning it. They are also won when a gamer reaches a milestone, completes a new mission, or achieves a higher ranking.
    • Earned XED and NFT tokens can be traded or monetized, making it a very fun way of earning.

    XED Token

    Exeedme’s $XED is their native token. Players are rewarded with XED tokens through winning or progressing in a game.

    The project has designed its platform in such a way that its governance system is led by gamers who would also be major participants on the blockchain. Accordingly, the best way to help improve the platform and push it into success would be to stake XED tokens.

    Gamers who stake the token would enjoy certain privileges like lower fees, a cut of the match fees, access to free and special tournaments, access to exclusive NFT launches, exclusive badges, and other perks.

    Exeedme would also be deploying community pools in its bid to fund general improvements to the protocol. Developers can also obtain funding through various methods depending on their project.

    XED token metrics and tokenomics

    The XED token was listed on Uniswap and released as a Polkastater Initial DEX Offering on 30th December 2020. Details on the XED token are as follows.

    Total Circulating Supply: 100,000,000 $XED

    Initial Market Cap: $875,000 USD

    Seed/Private/Pre-Public Sale Fundraising: $900,000 USD

    Distribution and release

    Seed: $0.0125 USD, 20% released on TGE, then 10% monthly over 8 months

    Private sale price: $0.025 USD, 25% relased on TGE, then 25% monthly over 3 months

    Pre-Public: $0.03 USD, 25% released on TGE, then 25% monthly over 3 months

    Uniswap listing price: $0.05 USD

    XED token distribution
    XED token distribution (Image credit: Exeedme)

    Exeedme Use of Funds Raised

    • 45% of the funds raised will help support the product development team;
    • 30% will be for growing the ecosystem;
    • 15% will be for providing liquidity to Uniswap and other exchanges;
    • 5% will be for Legal, Regulatory and Security; and
    • 5% will be for general and administrative expenses.

    Exeedme Staking Pool

    The gaming platform would deploy community pools to fund general improvements to the protocol. Developers on the protocol would have access to various funding methods which would be determined by their project.

    For instance, XED rewards and NFT rewards pools would have access to fees garnered from tournaments. They would also be able to receive mints and melts of NFTs and fungible tokens.

    Conclusion

    Exeedme is a uniqueue blockchain gaming platform designed in a way to create a playing field for any skill leveled gamera chance to earn from doing what they love. And despite having other gaming-based blockchain protocols in the space, Exeedme is quite unique in its approach.

    While the previous gaming models do not give adequate room for gamers to earn from their skill, the innovative platform looks to correct that by providing an ample opportunity for gamers to earn from whatever skill levels they have.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Colizeum ($ZEUM): Bridging the Earning Gap Between Blockchain and Traditional Gaming

    Colizeum ($ZEUM): Bridging the Earning Gap Between Blockchain and Traditional Gaming

    The gaming market has seen impressive growth over the last few years and is still set for more expansion. According to a 2021 report, the gaming market’s valuation for the year hit $198.4 billion. The same report states that the market will register a compound annual growth rate (CAGR) of 8.94% from 2022 to 2027. By 2027, the valuation could jump 71.3% to $339.95 billion.

    Several factors contribute to the gaming market’s popularity, attracting more people to the sector. Game developers are continually improving options and general gameplay, a factor that keeps existing gamers interested enough to stay. In addition to improved features, there is also increased advancement in technology.

    The introduction of blockchain technology to the gaming sector is easily the market’s most significant advancement. Apart from the immutability and security of the gaming infrastructure and assets stored, blockchain also provides players with an opportunity to earn while enjoying their gameplay. Platforms like Colizeum are taking this further by stretching blockchain gameplay features past earning rewards.

    Table of contents

    What is Colizeum?

    Colizeum is an ecosystem bridging the gap between the blockchain and traditional gaming worlds. It is a play-to-earn platform that connects several games and related applications from multiple developers, providing a shared marketplace for developers and gamers alike. 

    Colizeum continuously closes the traditional and blockchain gaming gap through its Colizeum Software Development Kit (SDK). Conventional game developers can use the Colizeum SDK to effortlessly build blockchain games without the expected technicalities from decentralized applications. The kit also provides a cost-effective way for creators to design and publish games since there is no need for blockchain developer teams.

    Why Colizeum?

    There are several features the Colizeum ecosystem offers the gaming public. In addition to the ease of creating exciting play-to-earn games, here are a few points to note:

    • Earnings for All: The Colizeum ecosystem maintains an equal focus on gamer and developer earnings. As players accumulate rewards by participating in their favorite play-to-earn games, developers also earn from gamers and the entire Colizeum community.
    • In-Game NFTs: Colizeum supports low-cost NFT minting while checking other related boxes, including demand programming and multilayering.
    • Tournaments-as-a-Service: The Colizeum SDK allows developers to create multiplayer games in different modes and designs. Depending on game specifics, players can enjoy tournaments and earn by winning or simply participating.

    Colizeum is a fully-decentralized, anonymous, on-chain, and community-focused ecosystem. The platform also features an Attention Marketplace – a tokenized product that allows the direct monetization of gamers’ attention. Instead of going through Ad Exchanges that charge excessive fees and still keep a large portion of generated revenues, the Attention Marketplace enables transparent user acquisition and monetization via $ZEUM staking. Colizeum already has an exciting list of partners, including the Israeli Blockchain Association, IHODL, and Cex.io.

    Benefits to Game Developers

    • The SDK provides quick and inexpensive game development that can shorten developer timelines by up to 1 year
    • Creators can introduce a play-to-earn feature to any mobile game, attracting more players and allowing gamers to earn during gameplay
    • Colizeum is a cross-chain and cross-platform ecosystem that enables gamers and developers to enjoy the best of multiple games regardless of their host platform
    • In-game assets can be easily converted to NFTs
    • Since there are no middlemen on the platform, all processes are cheaper and faster

    Benefits to Gamers

    • Colizeum allows players to use one token across all games hosted in the ecosystem
    • In-game assets are tradeable as NFTs. This will enable players to earn more in addition to direct gameplay. Trading NFTs also serves as passive income for gamers
    • Enjoy earnings from any of the games hosted by Colizeum

    Tokenomics

    The Colizeum ecosystem has a total supply of 1 billion $ZEUM tokens available for different purposes. The seed round featured 6% or 60 million tokens, while 13% or 130 million tokens were available at the private round – both with 18-month vesting periods. There also is another 19% allocated to the Colizeum team, 5% to the DAO fund, 15% for strategic partnerships, and 8.650% for its in-game reward program. As a community-focused platform, Colizeum also allotted 10% (100 million tokens) to community incentives.

    Colizeum is set to be one of the largest play-to-earn platforms in the blockchain sector as it leverages flexibility and interoperability. Creators will be able to develop games that easily interact with each other, thereby adding to Colizeum’s credibility as the go-to play-to-earn host platform. Furthermore, the earning opportunities available to players across all games will attract more users and also appeal to game developers.

  • The 2.0 of Step.App – FitEvo: Advancing from Play-to-Earn to Move-to-Earn

    The 2.0 of Step.App – FitEvo: Advancing from Play-to-Earn to Move-to-Earn

    Play-to-Earn experienced a massive wave of adoption during 2021, as crypto-friendly gamers jumped on the opportunity to earn money while playing games. P2E games such as Axie Infinity, Star Atlas, and others saw a dramatic increase in user and revenue growth. However, after the initial hype wave over P2E games settled, what was left was a realization that many of these games lacked truly engaging gameplay, social features, and sustainable tokenomics.

    Fast forward to late 2021/early 2022, we witnessed a significant pivot in the blockchain gaming space: Move-to-Earn. M2E has taken the world by storm, with numerous projects popping up and their valuations skyrocketing. Among the younger generations, there is a trend towards self-care and maintaining a more healthy lifestyle as we continuously get reminded of just how much time we end up spending indoors. Covid lockdowns took this lifestyle to the extreme and forced everyone to spend time at home longer than many felt comfortable. Now there is a thirst for a more active, healthier life.

    P2E games have had (and continue to have) a good run, but M2E has managed to capture the interest of not only gamers, but also those blockchain enthusiasts who might not be fully on board with just spending time tapping away at their phone screen to earn their P2E tokens. However, every project comes with its own shortcomings. Let’s take a look at these shortcomings and how an emerging project – FitEvo has transformed its platform amidst this trend with a new edge.

    Table of contents

    Finding An Edge in the M2E World

    With popular M2E games such as STEPN, Genopets, and STEP, you’ll find that they share a common gameplay model in which the user acquires an in-game asset, be it a sneaker or a pet animal, and upgrades it further as they keep on exercising.

    But these features on their own are not enough to make an M2E game successful. The focus should be just as much on the social aspects and community engagement opportunities around a user’s physical activities, as it is on the earning and NFT upgrading experiences. And many of the games in this space seem to have forgotten what the most popular traditional social fitness apps such as Strava, FitBit, and MyFitnessPal have already done in order to expand their user base, and keep it engaged. 

    Strava, one of the pioneers in the social fitness app space, has achieved an enormous global user adoption, boasting nearly 100 million users. Much of this growth can be attributed to the app offering not only a feed of activities of their friends, but also other social features that are geography-centric and community engagement focused.

    This precedent for a successful M2E game is exactly the reason why FitEvo is so appealing in terms of fundamentals. FitEvo, an M2E dragon breeding NFT game, has the makings of an incredibly successful blockchain-based game, as they have incorporated many of the social features that people know and love.

    FitEvo: Focusing on the Interaction Between Individuals

    FitEvo aims to engage the masses through a powerful combination of NFT dragon breeding (evolving together with a dragon companion), and social features that gamify physical activity and human competitiveness, and bring friends and communities closer together.

    An engaging and fun dragon breeding game, FitEvo has been inspired by the greats, like Tamagotchi and Pokemon, taking it to the next level by syncing the user’s movements with the development of their very own dragon. In FitEvo, the dragon co-evolves with the user, creating a bond between the two. The hatching of eggs, breeding and evolving of dragons, will be intimately linked to the physical movements of their masters.

    And here is where FitEvo will really shine – the social and gamification features. For those familiar with the M2E STEP game, FitEvo will be like a new and improved Step 2.0, incorporating all the crucial engagement mechanisms that have made traditional social fitness apps so popular. If you’re one of those who didn’t manage to get in on STEP early on, it might be worth your while to pay close attention to FitEvo.

    The multiplayer feature alone will offer an enormous amount of value to the users, FitEvo allows FITamins(as the FitEvo community calls itself) to meet other like-minded and even geographically adjacent individuals by organizing group runs or other group exercises. Anyone who has ever tried getting back in shape with their friends cheering them up or even being right next to them, sweating off their own dietary sins, knows how much it helps to have someone give you motivation and some peer pressure at your lowest moments. This type of community support will be possible, with FITamins helping each other become their better selves.

    Of course, what would a fitness app be without some healthy competition? FitEvo will offer many opportunities to challenge others and stimulate their competitive neurons through classical challenges, as well as user-created routes with leaderboards.

    In addition to earning $FIVO tokens through movement, FitEvo has made sure that attention is paid to incentivizing more extensive user engagement beyond exercising and dragon breeding. Users will be able to collect Active Points through interactions, referral count, daily sign-ins, missions completed, community contributions, and more. The Points will significantly influence users’ earnings to the upside, so it will be in everyone’s best interest if they try to make the best of their experiences on the FitEvo app – and why shouldn’t they?

    Another interesting feature that we are yet to hear more about is the training programme, which will offer inexperienced users the opportunity to learn from the community and follow pre-planned exercise curricula without having to design them themselves.

    Incorporating all of these features will be no small feat for FitEvo, and it will be interesting to see how the project progresses forward. With such a clear edge over their competitors defined, it’s now up to the FitEvo team to deliver on these ambitions and rise through the ranks of the M2E space.

    To learn more about FitEvo, see: https://linktr.ee/FitEvoNFT

  • REVV: Animoca Brands’ racing games go crypto

    REVV: Animoca Brands’ racing games go crypto

    REVV is the currency of purchase, utility and action for Animoca Games‘ motorsports games. Animoca Games is a blockchain gaming firm and global game developer which leverages popular brands such as Power Rangers, Masterchef etc., together with gamification, AI, blockchain and mobile technology to create gaming apps.

    Check out my debate with Co-Founder and CEO, Yat Siu where we debated whether Non-Fungible Tokens (NFTs) are the NEXT BIG THING, and I did NOT hold back playing Devil’s Advocate:

    Background

    Animoca Brands released its own utility token called REVV to power its blockchain-based gaming platform. The goal of the team is to build an ecosystem that will link the economies of their company’s games together.

    Animoca believes that REVV’s presence in all its blockchain games will help attract more people to their platform and add value to the token for accessing a larger consumer base. REVV is designed to be the “currency of purchase, utility, and action” for the ecosystem’s gaming titles.

    According to recent reports in July 2020, Animoca has already reached over $4 million in revenue, with $1.8 million from their assets kept in cryptocurrency holdings.

    “Revv can be used right now for our time trial games and soon also to buy and trade our NFT and game assets,” said Yat Siu, co-founder of Animoca Brands.

    Here’s our video on NFTs and what they can do for gaming.

    Non-Fungible Tokens Explained (ERC 721, ERC 1155)

    What is REVV?

    REVV is a non-fungible cryptocurrency token based on the Ethereum blockchain. It is utilized as a medium of exchange for REVV’s ecosystem, as well as Animoca Brands’ gaming platforms like F1 Delta Time.

    REVV is already available on Uniswap, one of the biggest exchanges in the DeFi space today. Trading began against ETH last September 4, with an initial token price of $0.00666.

    REVV is one of the latest additions to projects aimed at improving the adoption of NFTs, which many consider to be a hundred million dollar market. A similar project named SAND, established under The Sandbox, a mobile gaming platform, was also recently listed on Binance.

    REVV ecosystem

    The REVV ecosystem is a collection of games whereby players can use the REVV token and the NFTs across their games. Their first games will be F1 Delta Time (an official product of the FIA Formula One World Championship) and its upcoming MotoGP title. F1 Delta Time is expected to be released in November 2020, whilst the MotoGP title will be released in Q4 2020. REVV is also planning a third blockchain game soon and it is expected to also be based on a global racing franchise.

    Furthermore, with REVV’s partnership with Atari, Atari’s classic motorsport video games Night Driver and Fatal Run will also be joining the REVV ecosystem.

    REVV token

    REVV token acts both as a utility token as well as the in-game currency of the motorsports games produced by Animoca brands. There are two features of the REVV token:

    Play Utility: REVV can be used by players to enter Grand Prix and Time Trial game modes. There is a set fee for the Time Trial, with the Grand Prix priced on a tier-basis. Higher tier games require more REVV, which also secures more rewards for the best performers.

    The Tyre Durability systems also require REVV. To maintain the durability of a player’s tyres in the game, they have to pay in REVV for restorations depending on their condition.

    Purchase Utility: REVV can be used to buy F1 Delta Time 2020 Collectibles.

    REVV NFTs

    REVV is already selling their NFTs for F1 Delta Time. On the F1 Delta Time NFT marketplace on OpenSea, there are already 11,427 items listed and 571 owners.

    F1 Delta Time NFTs
    Some of the NFTs available on OpenSea

    Once the F1 Delta Time game is launched, the NFTs will become usable in the game for example to upgrade their cars, drivers, racetracks etc. Once more games under REVV are released, it is expected that the NFTs can be used in these other games too. In addition, these NFTs have value as collectables since Animoca Brands holds the licenses to both Formula One and Motor GP brands.

    REVV Pools

    REVV keeps a pool of tokens created to support the F1 Delta Time ecosystem. The allocation in REVV pools, however, can still be changed in the future depending on the outcome for other titles.

    • Reserve: 200,000,000 REVV is kept for future use as a back-up fund as the ecosystem continues growing.
    • Game Operations: 273,980,000 REVV is allocated to the primary pool of the game. It will be used to support the reward mechanism of the platform.
    • Staking: 6,020,000 REVV is allocated for its 2019 staking run, but the staking pool for 2020 can include REVV allocated in the Game Operations Pool, Reserve Pool, or both.
    • Marketing and Promotions: 20,000,000 REVV is allocated from promotional airdrops.

    Staking

    Staking on Animoca Brand’s game, F1 Delta Time will be available from 15th September 2020 onwards. Users who stake their F1 Delta Time car NFTs will enable them to earn REVV tokens. How many tokens you would be entitled to is determined mainly by how rare the NFT is, with rarer items being able to generate greater returns.

    30mil REVV tokens have been allocated to the staking pool for users to claim. From 15th September 2020 (HKT), the first round of staking will begin for 4 weeks. A total of 2.04mil REVV will be available for claim. After this, there will be a further 12 week period of staking where 10mil REVV is up for grabs.

    More details on the staking feature are available here.

    Rewards: how to earn REVV

    There are two ways to receive REVV. One is by participating in its sale, another is by playing the game.

    Promotional: Verified accounts on the F1 Delta Time will receive 50 REVV upon joining the game. Those who also participated in the game’s 2019 Crate Sale will be given REVV based on the category of the crate they are holding.

    The cut-off period for this set of rewards is yet to be announced but will be published soon.

    Play-to-Earn: REVV will also be given as a reward for players depending on their race car NFTs and other gaming features. Gaming modes such as Time Trial and Grand Prix also entitles players to some REVV rewards, especially those who are included in the game’s Leaderboards.

    Another opportunity to earn comes in the form of dividends doled out to Track owners since these are also considered “ownable NFTs.” These owners will be given a proportion of their share in the total amount of REVV spent by players to race in that Track.

    Recent Updates

    From the time that they announced the sale of REVV on Uniswap, seven million tokens were sold out in just 20 minutes.

    Included in their roadmap are plans on expanding their ecosystem to GAMEE and QUIDD, both of which are gaming and collectible companies that they have acquired in July this year and August last year, respectively.

    Partnership with Atari

    On 12th October 2020, REVV announced its partnership with iconic video gaming company Atari. Atari owns and/or manages a portfolio of over 200 games and franchises such as Asteroids, Pong and RollerCoaster Tycoon.

    The partnership was in the way of a token swap whereby the 2 companies have agreed to swap USD$625,000 worth of each others’ tokens. Specifically, Animoca will provide 5mil REVV tokens at USD$0.025 per token, in exchange for 7,812,500 ATRI tokens, along with its other tokens it is in the process of being listed. 90% of REVV and ATRI will be locked for 18 months from the delivery date, whilst the remaining 10% will be unlocked on the first day the tokens list on an exchange.

    Conclusion

    It is definitely good to see that the expansion of use cases for the blockchain has already reached a lot of individuals. Real-life or digital activities tapping into the power of blockchain does not merely stimulate more innovation, but also help facilitate mass adoption.

    The first step in mass adoption is to convince the public about the ease of transactions that can be made in crypto, as well as the capacity of these digital currencies to be used as a store of value.

    And we have made enormous progress so far in the last decade. Innovations like REVV give people the opportunity to make crypto transactions with utmost convenience and security, which is exactly what blockchain has promised since its inception. It is also bringing cryptocurrency into the world of gaming, which most people have been hotly anticipating as the most likely route to mass adoption.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.