overview
DeFi Kingdoms was born with the idea of a combination of a DeFi project that captures the full potential of blockchain in the form of a game. Investing and getting those sweet returns would be fun, but why shouldn't it be more like a game? Why can't we do daily quests to collect rare NFTs that really boost and impact rewards and profits? They wanted a DEX that would allow holders not only to hold a currency token, but to own a token that was usable, valuable, and profitable for the holder in many interesting ways. .
So what are the unique things of DeFi Kingdoms, is this model really successful?
Find out what DeFi Kingdoms is, what has brought the 2-month-old project to surpass $245 million in TVL and top 2 in terms of transaction volume in GameFi projects behind only Axie Infinity (AXS).
What is DeFi Kingdoms (JEWEL)?
DeFi Kingdoms (JEWEL) is a game, a DEX, a liquidity opportunity, a marketplace of NFTs due to rare utility, and it all plays out seamlessly in a timeless fantasy pixel art form. neck. DeFi Kingdoms is an entire ecosystem of features, packed together in the ultimate blockchain gaming experience.
DeFi Kingdoms is built on the blockchain of Harmony (ONE) to take advantage of the safe, fast and extremely low transaction fees from the platform.
Development team
Frisky Fox (Solidity and React Developer God) has written and architected many smart contracts that will work on the blockchain and run the game. He has also led the way in terms of interface as well as analytics servers and APIs that will support the game and dex.
Professor Tango (Dev Project Manager) made it to help keep developers organized and on task. Watch out because he knows how to do anything and anything. His ability to create gifs is amazing.
Jericho Splendershoes (Technical Writer and Reactive Developer) worked hard on white papers and other materials, as well as helping to think about Game Mechanics and Tokenomics. He programmed most of the game's user interface!
Tadakichi (Game Developer Wizard) has over 10 years of experience making games using Unity.
Dex - Swap - Pool
Essentially, DeFi Kingdoms has a decentralized exchange that uses the tried and true UniswapV2 Protocol. DeFi Kingdoms wants to make the investing experience fun and engaging for everyone in the kingdom.
From the marketplace, you can swap tokens at the current exchange rate. You can also become a Liquidity Provider by adding liquidity to any pool of tokens you want. These will earn you fees whenever anyone trades those tokens. These LP tokens can also be staked in the Garden to earn JEWEL rewards.
Bank
Bank is a sole investment fund for JEWEL. When you bet your JEWEL on the Banker, you will receive a corresponding amount of xJEWEL. Since the ratio between JEWEL and xJEWEL only increases, when you withdraw money from the Bank you will always get more JEWEL than you put in.
You can interact with the Bank through the ‘Teller’. This gives you an interface with three main functions: Deposit, Claim and Withdraw.
The Heroes
The Gardens
At its core, Gardens is where the liquidity provider tokens are located to receive JEWEL tokens. You will get JEWEL tokens to use in the game for rare NFTs and other items just by staking LP tokens, it's a powerful part of the game and really fun.
DeFi Kingdoms' image of liquidity pool mining is unique and refreshing. The gardener keeps himself busy taking care of your crops (this represents a countdown between mined blocks) and after harvesting the gardener sends your yield into storage representing the your for the JEWEL token of the mined block.
To ensure the stability of JEWEL in the long run, a part (95%) of JEWEL tokens earned in the Garden are temporarily locked and cannot be used in any way. These locked tokens will be slowly unlocked starting from Epoch 51 (estimated Q3 2022). The unlocking process can also be sped up through Mining missions.
While the gardening and development of the JEWEL token is well underway, DeFi Kingdoms wanted to add a bit of game style to this fantasy realm and what better way to do it than by introducing new ones. Unique pixel hero in their market?
Playable Heroes that you can level up and earn JEWEL. These NFTs aren't just for sitting on a shelf and looking good, they're one of the key features in the game. As they're given quests, fought in PVP, or dressed up to maximize their stats, they'll level up and earn you cards through the entire adventure.
Summon and trade. There's a virtually endless mix of parts that make every NFT hero unique, so no two are alike — in terms of stats or looks (hero summoning costs items). in the respective game: Gaia's Tears…). There will also be a Tavern where players can buy and sell their heroes.
Hero Genes. Heroes have two sets of genes, one for their appearance and the other for their playable attributes, such as Job class, subclass, passive and active abilities, and more. During the summoning process, the newly summoned hero will randomly obtain genes from both source heroes used in the summoning. There is also the possibility of mutations in genes, leading to new, rare abilities and job categories.
Equipment. Heroes will be able to find and equip valuable equipment NFTs that give them special passive and active abilities, and increase their stats. Heroes will have different stats that determine how effective they are when performing different missions. These stats can be increased as heroes gain XP and level up.
Mission. Heroes who can perform various tasks in the kingdom to collect resources are JEWEL.
Pet. Heroes can sometimes find and capture rare pets that will accompany them on their adventures. These pets can grant stat bonuses, passive abilities, and more.
PvP. Heroes will be able to participate in periodic tournaments in groups of 3, to compete with other players for the JEWEL prize.
Kingdom
In the world map of DeFi Kingdom, there will be a limited number of plots for purchase. Not only will you be able to claim a piece of land for yourself, but you will also be able to build your kingdom, investing in upgrades that will provide you with sustaining resources. Your land will contain your growing kingdom and will be clearly visible to everyone from the world map.
Buy and sell
Not all parcels of land are created equal. Some will provide more of this resource than others, based on nearby forests, rocks, and other resources. Some will be closer to the capital, requiring less stamina to engage in certain quests. Others will come closer to different dungeons and quests, requiring less travel time to complete them.
If you want to sell your kingdom NFT someday when the asset value increases, you can do so. Kingdoms can be bought and sold at the real estate office in the capital, including all improvements made in the kingdom and all buildings built there.
Buildings
Buildings can be built in your kingdom and upgraded to increase their bonuses, crafting rare equipment for heroes.
Other buildings can provide passive bonuses to your heroes, improving their quest efficiency and stats.
Foraging (Foraging)
Owning land also gives you the ability to earn resources every day, with the chance to find rare materials or even equip your heroes.