Momwe Mungagulire ndi Komwe Mungagule DeFi Kingdoms ( JEWEL ) - Tsatanetsatane Wotsogola

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What Is DeFi Kingdoms?

DeFi Kingdoms is a browser-based blockchain game combining several DeFi elements in an intriguing and compelling way. Its gameplay elements merge together a DEX, an NFT marketplace, and liquidity pool opportunities all under an umbrella of fantasy pixel art, giving the game its trademark combination of DeFi and retro game design. In this fashion, the team behind DeFi Kingdoms wants to “embrace the full potential of the blockchain in game form” and create synergies between gaming and decentralized finance.

Originally launched on Harmony in August 2021, in March 2022, DeFi Kingdoms launched its Crystalvale realm on DFK Chain, an Avalanche Subnet, and in December 2022 migrated the Serendale realm to the Klaytn blockchain.

What Makes DeFi Kingdoms Unique?

First and foremost, DeFi Kingdoms stands out thanks to the clever integration of DeFi functionality with game elements. In contrast to countless other games incorporating similar features, the combination of financialization and gaming feels natural on DeFi Kingdoms. This is aided by the several key features of DeFi Kingdoms.

Its decentralized exchange uses the Uniswap V2 Protocol and allows players to swap tokens and become a liquidity provider to earn fees on token swaps.

LP tokens can also be staked in The Gardens, where players can receive tokens for buying rare NFTs and other items. The Gardens are visualized in a unique way through different plants and crops the players have to tend to and harvest to receive their rewards. Each garden is a unique LP pairing and harvested yield is deposited in the storehouse.

Heroes in DeFi Kingdoms are more than standard NFTs, as they are playable characters that can earn token rewards and level up their stats. Being one of the game's key features, they are assigned to go on quests and battle in different gameplay modes, including the DFK Duel minigame. Heroes are bought and sold in The Tavern and new heroes can be summoned at the Portal by combining genes from existing Heroes to create an entirely new, potentially extremely rare, NFT. Furthermore, players will be able to equip their Heroes with Pets and various Equipment NFTs, enabling them to have special passive and active abilities. Quests that Heroes can go on allow them to gather in-game resources, increase their farming yields from the Gardens, and unlock those rewards early with the help of Mining Heroes.

Players can also buy Land Plots in DeFi Kingdoms. These plots will differ based on their location, in turn providing different quantities of resources. In the future, players will have the option to build on their lands to increase bonuses for Heroes. Owning land will also enable players to find new valuable resources that can be used in Crafting and other game modes.

How Many DeFi Kingdoms (JEWEL) Tokens Are There in Circulation?

With changes to the DeFi Kingdoms tokenomics in December 2022, JEWEL is now an ecosystem and utility token that is used across realms. In addition to being the native gas token on DFK Chain, JEWEL is used for liquidity pooling, staking for governance rights, fee distribution opportunities, and in-game Power-Ups.

When DeFi Kingdoms: Serendale relaunched on Klaytn, it also changed the tokenomics of the JEWEL token, reducing its maximum supply from 500 million tokens to 125 million tokens, all of which have been minted. With token burns from in-game activities and use of gas on DFK Chain, the total supply will continue to be reduced, making JEWEL a deflationary token.

The circulating supply of JEWEL is further reduced by players who voluntarily lock JEWEL in exchange for governance tokens following Curve's veToken model.

Who Are the Developers of DeFi Kingdoms?

DeFi Kingdoms is maintained and developed by Kingdom Studios. Members of the team operate under pseudonyms, a common feature in community-driven projects as the examples of SushiSwap and LooksRare show. Nevertheless, the team hosts weekly AMAs in Discord and on YouTube, and many team members have voluntarily doxxed on live-stream.

<p>The Kingdom Studios Board of Directors consists of: <ul> <li>Dreamer, President and Director of Revenue and Operations</li> <li>Frisky Fox, Co-Founder and Director of Blockchain</li> <li>Beetle Dude, Director of Application</li> </ul> </p> <p>Other pillar heads include: <ul> <li>Pie Face, Co-Founder and Director of Digital</li> <li>Bolon Soron, Director of Player Engagement</li> </ul> </p>

The team has outlined several trust-building measures, including verifying smart contracts on chain, seeking out audits, and the exclusive use of multi-signature wallets and vesting on JEWEL tokens.

Where Can You Buy DeFi Kingdoms (JEWEL)?

JEWEL is primarily available through DeFi Kingdoms' decentralized exchanges on DFK Chain and Klaytn. It can also be purchased on MEXC, BigONE, Hotbit, and CoinEx.

If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

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JEWEL yalembedwa pamasinthidwe angapo a crypto, mosiyana ndi ma cryptocurrencies ena akulu, sangathe kugulidwa mwachindunji ndi ndalama za fiats. Komabe, mutha kugula ndalamayi mosavuta pogula kaye Ethereum kuchokera ku kusinthana kulikonse kwa fiat-to-crypto ndiyeno kusamutsa kusinthanitsa komwe kumapereka kuti mugulitse ndalamayi, m'nkhaniyi tikuwonetsani mwatsatanetsatane masitepe oti mugule JEWEL . .