DeFi Kingdoms 101: the #GameFi blockchain game that's on its way to being the king of #Blockchain games👑
Here's your everything guide to #DFK 🐂
A thread 🧵👇👑
#defikingdom
Here's your everything guide to #DFK 🐂
A thread 🧵👇👑
#defikingdom
2. DeFi Kingdoms (DFK) is a cross chain #GAMEFI MMORPG .
It’s a game, a DEX, a liquidity pool opportunity, and a market of rare utility driven #NFTs.
GameFi is the intersection of DeFi, NFTs and the metaverse.
It’s a game, a DEX, a liquidity pool opportunity, and a market of rare utility driven #NFTs.
GameFi is the intersection of DeFi, NFTs and the metaverse.
3. #DFK has complex mechanics and brings pixelated retro art to DeFI. It was originally built on the #HarmonyONE $ONE network, but has recently expanded to their own DFK chain powered by #AVAX.
https://twitter.com/Cov_duk/status/1501324151004434442
4. There has been huge hype around blockchain and play to earn games.
However, most of them have gone bust. Axie infinity was/is a huge player ( worth around 10B) in the blockchain game space.
But it’s utility token, smooth love potion (SLP) has drastically fallen in price.
However, most of them have gone bust. Axie infinity was/is a huge player ( worth around 10B) in the blockchain game space.
But it’s utility token, smooth love potion (SLP) has drastically fallen in price.
5. Axie is in big trouble, because their tokenomics wasn’t sustainable.
That said, Axie changed many lives and the spot for a #GameFi leader remains vacant.
That said, Axie changed many lives and the spot for a #GameFi leader remains vacant.
6. Additionally, #DeFi has completely changed the way we look at finance, providing us with super lucrative rates.
However, a lot of protocols have ever diminishing rates and it’s requires you to be a DeFi expert to keep
However, a lot of protocols have ever diminishing rates and it’s requires you to be a DeFi expert to keep
7. People are looking for something new. Something that combines these elements and makes it fun to play.
Enter #defikingdoms, an innovative solution that fills this gap.
Enter #defikingdoms, an innovative solution that fills this gap.
8. #DeFi kingoms makes of the best of DeFi, the crazy returns, the moonshots, fun and enjoyable, having layers of complexity and unique features that give back to the player.
9. DeFi Kingdoms now has two tokens: $JEWEL and $CRYSTAL.
Until very recently, DFK was primarily built upon $ONE ecosystem. This was known as Serendale. $JEWEL is DFK’s main token launched with Serendale.
Until very recently, DFK was primarily built upon $ONE ecosystem. This was known as Serendale. $JEWEL is DFK’s main token launched with Serendale.
10. $JEWEL has many functions: it can be used to buy Hero NFTS, can be pooled to earn more JEWEL, it acts as the primary currency in the game, and for governance.
Additionally, $JEWEL is used for gas fees on the DFK chain. $JEWEL has a hard cap of 500,000,000.
Additionally, $JEWEL is used for gas fees on the DFK chain. $JEWEL has a hard cap of 500,000,000.
11. Recently, DFK Crystalvale launched on the DFK chain, that was powered by #AVAX.
$CRYSTAL is the new currency that powers Crystalvale. It has all the functions that $JEWEL does, but within Crystalvale.
It has 1/4 the total supply of $JEWEL, at hard cap of 125,000,000.
$CRYSTAL is the new currency that powers Crystalvale. It has all the functions that $JEWEL does, but within Crystalvale.
It has 1/4 the total supply of $JEWEL, at hard cap of 125,000,000.
12. DeFi Kingdoms has two Dexs that are based on Uniswap. Serendale’s #Dex trades in $JEWEL and $ONE, while Crystalvale’s Dex trades in $CRYSTAL and $AVAX
At the Marketplace you swap for or from in game tokens at the exchange rate from the Trader.
At the Marketplace you swap for or from in game tokens at the exchange rate from the Trader.
13. At the Jeweler, you can stake $Jewels for passive growth. You buy $JEWEL from the market place and Stake it with the Jeweler. In return, you receive $xJEWEL. 1 xJewel is always equal to 1 JEWEL.
14. The cool thing about this is that there in no impermanent loss, you get rewards and airdrops, you can set it aside and forget about it and you can vote on proposals. But, the APR isn't as good as the Gardens (LP).
15. At the Gardens, you can stake your Liquidity provider (LP) tokens to earn $JEWEL or $CRYSTAL. Only a portion of the rewards can be unlocked immediately, while the rest are locked for later.
https://twitter.com/Cov_duk/status/1501104658323963907
16. The returns in the Gardens are great. However there is risk of impermanent loss (thread coming soon) and withdrawal fees. Additionally you won’t get airdrops and rewards
17. Heroes and Quest are some of the unique, really cool parts of DFK. These are NFTs that have a lot of utility.
With one Hero, you can do quests. DFK also announced PVP, which you’d need 3 Heroes to do. You can buy your Hero at the Tavern and then summon em at the Portal.
With one Hero, you can do quests. DFK also announced PVP, which you’d need 3 Heroes to do. You can buy your Hero at the Tavern and then summon em at the Portal.
18. Quests include foraging, fishing gardening (beta) and mining (beta). Doing quests drops rewards. There’s a whole range of mechanics, complexity and things to consider when doing quests.
Reward drops vary in rarity and some of them can bring back crazy returns (NFTs, $JEWEL)
Reward drops vary in rarity and some of them can bring back crazy returns (NFTs, $JEWEL)
19. There’s a whole lot to consider when buying heroes and going on quests, heres a good article by @Samichpunch that dives into it more
medium.com/@Samichpunch/b…
medium.com/@Samichpunch/b…
20. DeFi Kingdoms recently expanded to their on DFK chain on an #AVAX subnet. This is big news because it leverages the huge #AVAX community to bring in more users to #DFK. This will increase demand for $JEWEL and Heroes
It’s big news that will position DFK to explode.
It’s big news that will position DFK to explode.
21. Overall, I think #DFK is a super interesting project. After diving into more, I’ve become fascinated. The people in the crypto space are looking for the next big thing. Blockchain games are on the cusp of breaking out and becoming massive.
22. #DFK has cleverly gamified DeFI and brought in elements of complexity strategy and fun. I love the retro art that super nostalgic. everything has utility and the team is solid.
23. The new #AVAX move is huge and it’s bound to bring in a lot of people to DFK. DFK is already big, but at this rate I see it becoming the next king of #GameFi
https://twitter.com/Cov_duk/status/1499093336342204419
24. Some accounts you need to follow for #DFK insights:
@Samichpunch @hansthered @LouDogSherman @blknoiz06 @Crypto_Clarke @satsdart @cole0x @MrZipper7 @TheHashTray @tsubakaaa @hoot_cards @DefiKingdomsITA @DreamerDFK
Spent a lot of time writing this, RT would mean a lot!
@Samichpunch @hansthered @LouDogSherman @blknoiz06 @Crypto_Clarke @satsdart @cole0x @MrZipper7 @TheHashTray @tsubakaaa @hoot_cards @DefiKingdomsITA @DreamerDFK
Spent a lot of time writing this, RT would mean a lot!
25. Accounts for #DFK insights:
@dfk_hikaru @AilaSpiritBox @Cutiezor @DFKTracker @BolonSoron_DFK @spicymaplecat @KingdomWatchDFK @JewelersDFK @toshontrash @Xeno_Sniper @nikwithaKnotaC @DFK_News @cryptotrader85 @daoklyn
Spent a lot of time writing this, RT would mean a lot!
@dfk_hikaru @AilaSpiritBox @Cutiezor @DFKTracker @BolonSoron_DFK @spicymaplecat @KingdomWatchDFK @JewelersDFK @toshontrash @Xeno_Sniper @nikwithaKnotaC @DFK_News @cryptotrader85 @daoklyn
Spent a lot of time writing this, RT would mean a lot!
26. Accounts to follow for #DFK Insights
@dfkdao @RAYVEZE @Veilvi_Crypto @LitrlyKantEven @JewelBoyzDFK @INK_NFT_MEOW @ReillzR @atlasprkr @ShroommaNL @CryptoOneCafe @Sherdaxie
Spent a lot of time writing this, an RT would mean a lot!
@dfkdao @RAYVEZE @Veilvi_Crypto @LitrlyKantEven @JewelBoyzDFK @INK_NFT_MEOW @ReillzR @atlasprkr @ShroommaNL @CryptoOneCafe @Sherdaxie
Spent a lot of time writing this, an RT would mean a lot!
@dfkdao @RAYVEZE @Veilvi_Crypto @LitrlyKantEven @JewelBoyzDFK @INK_NFT_MEOW @ReillzR @atlasprkr @ShroommaNL @CryptoOneCafe @Sherdaxie 27. Hope this was insightful! I write 101s and breakdowns regularly. Follow to stay updated.
Here are some of my past 101s:
Here are some of my past 101s:
https://twitter.com/Cov_duk/status/1500714387417436168
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