Every time describing the situation of certain blockchain game, we always mention their transaction volume and amount. But have you ever thought why? Why should we refer to the statistics of transaction number and turnovers to analazy the overall performance of game?
This is because a player in a dapp game may have to complete many transactions while playing. For example, completing a mission, buying a sword, opening a loot box, speaking to another player. These actions in the game can all be thought of as transactions and they need a “signature” from the blockchain wallet and a transaction fee. The transaction fees are gas fees on Ethereum. And as we know, the gas fees on Ethereum is not cheap, so people have looked for alternatives. Therefore, blockchains like Harmony, Solana, and Avalanche have appeared, which offer extremely cheap, and fast transactions. Today, we are going to briefly introduce the relationship between Harmony and DeFi Kingdoms, a game running on Harmony.
Harmony (ONE) has been on the radar of the crypto world and it has seen a surge in price in 2021. The Ecosystem is starting to gain some traction and some GameFi action is starting to come to Harmony (ONE). DeFi Kingdoms is the first gamified investment platform on Harmony blockchain.
What is DeFi Kingdoms?
DeFi Kingdoms is a game, a DEX, a liquidity pool opportunity, and a marketplace for rare utility-driven NFTs. All played out in the form of fantasy pixel art. Moreover, It blends the appeal of decentralized finance and play-to-earn game mechanics. The JEWEL token is used to purchase items and unique NFTs such as Heroes and Kingdoms in the game, as well as various in-game items. Not only is the token used in-game, but it is also used for liquidity mining to earn more through staking. JEWEL is also a governance token so holders will have a say in the growth and future direction of the platform.
The mechanics look familiar to those seen in DeFi dapps. Pooling, liquidity provision through token pairs, and staking bonuses are offered to players in order to earn whilst they play. The team states that in the near future it will deliver Collectable Hero NFTs with multiple utility cases. Including PvP and PvE, and early unlocking of pool rewards. Additionally, the release of a limited supply of virtual land that can be developed and used for resource gathering and NFT equipment crafting.
The future of Harmony and DeFi Kingdoms
Having gotten support from several giants platforms, like Celer, Polygon, Harmony’s promising future. As a DeFi game, DeFi Kingdoms will receive more and more attention, Let along its compatibility with Harmony.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research.