Cryptocurrency and blockchain technology have gained significant attention in recent years, but the complexity of these concepts can be a barrier for new users. However, games like Axi Infinity and Defy Kingdoms are simplifying these tough crypto ideas using familiar interfaces, providing people with a better understanding of what the technology is capable of. In this article, we will explore how Defy Kingdoms, a game based on the Harmony blockchain, is gamifying web3 principles to create an enjoyable user experience while offering the opportunity for profitable passive income.
Defy Kingdoms:
Transforming Core Crypto Principles into a Game Defy Kingdoms is a unique crypto gaming initiative that turns the concept of a decentralized exchange (DEX) into a game. Its native currency, Joule, powers the game and has a market cap of over $406 million. Unlike traditional video games that focus on purchasing and selling non-fungible tokens (NFTs), Defy Kingdoms leverages games to make investing in crypto through the game's expanding economy entertaining. It can be described as a cross between Robin Hood and Final Fantasy, with its high fantasy adventure game featuring pixel graphics.
Simplifying Crypto Principles with Familiar UI One of the strengths of Defy Kingdoms is how it simplifies difficult-to-learn principles of crypto into a user interface (UI) that is familiar and easy to use. This gamification of web3 principles allows players to understand and interact with crypto concepts in an entertaining way. Joule, the game's native token, is used as an in-game currency similar to the in-game money used in popular games like World of Warcraft. Token holders have control over the community's roadmap, and the token's transaction proceeds go to developers, player prizes, and community funds. Players can earn Joule by purchasing it from the game's decentralized market or earning it through other in-game activities.
Gamified Liquidity Provider
Pool Defy Kingdoms also gamifies the liquidity provider pool, allowing players to stake their Joule tokens in favor of the game's financial sector. There are two methods of staking in-game: the bank and the garden. The bank is a single staking pool system where players can swap Joule for X Joule, a governance token that represents the bank's ownership share. As transactions occur across the Defy Kingdoms ecosystem, the bank collects fees, which are used to purchase more Joule, thus increasing the value of the investor's X Joule. This fee-sharing structure is similar to buying shares in a traditional bank and collecting dividends over time.
On the other hand, the garden allows players to invest their Joule tokens and acquire plots of land equal to their overall contribution to the game's liquidity. An NPC farmer gathers plants for providers and stores them for players to claim over time. The game's tokenomics ensure that prizes for players are locked behind time gates to maintain balance and fairness. As the game matures, players can receive a larger share of their staking rewards or acquire NFTs and other buffs to speed up yield production.
Opportunity for Profitable Passive Income
Defy Kingdoms has attracted peoples due to its simplicity and the opportunity for profitable passive income. Players can earn Joule tokens through various in-game activities, stake them in the liquidity provider pool, and potentially earn additional Joule rewards. These rewards can be used to acquire more in-game assets, participate in the game's economy, or even sold on the decentralized market for real-world value. This presents an attractive opportunity for players to generate passive income while enjoying the game.
Conclusion:
Defy Kingdoms is a prime example of how crypto gaming is transforming core crypto principles into enjoyable user experiences.
0 Comments