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Introduction To DeFi Kingdoms

Introduction To DeFi Kingdoms

Harmony One was surely not the “talk of the town” during 2021 but DeFi Kingdoms made sure to put it on the map. It only took a few months for DeFi Kingdoms to be recognized as one of the most innovative GameFi projects at the time.

What Is DeFi Kingdoms? #

DeFi Kingdoms is the largest GameFi project on Harmony One with over $350M in TVL (total value locked). It combines DeFi and play-to-earn in a very interesting way that gives both players and investors a chance to get involved.

Earning in DeFi kingdoms can be done by completing in-game quests or by providing liquidity and farming JEWEL, the governance token of DeFi Kingdoms.

Defi Kingdoms overview

How To Play DeFi Kingdoms? #

As already mentioned, DeFi Kingdoms is only available on Harmony One so players will need to bridge some tokens over to Harmony to get involved.

There are some centralized exchanges that allow direct withdrawals, but funds can also be bridged via the Horizon bridge from Ethereum and Binance Smart Chain.

Game Mechanics #

DeFi Kingdoms is still a work in progress but in its current state it still has a lot to offer. Here is a quick breakdown of all available features:

Gardens is where players and investors can provide liquidity to the DFK ecosystem and farm JEWEL tokens in return.

Defi Kingdoms gardens

To start farming simply click on the “Seed Box” button, add liquidity to a pair of your choice and wait for your rewards to accumulate.

Defi Kingdoms farming

51% of all rewards will be available immediately while 49% will be locked. Locked rewards are expected to be released linearly over the course of one year and should start around the summer of 2022.

Marketplace provides access to token trades, changing your profile picture, adding liquidity to the DFK decentralized exchange, and buying/selling in-game items.

Defi Kingdoms trading

If you visit the Jeweler you will be able to stake your unlocked JEWEL tokens and earn a fraction of the trading fees the DEX generates.

Selecting the Manager will allow you to transfer any locked JEWEL tokens you may have to a different address. This is useful for selling locked JEWEL tokens on secondary markets or simply to switch between accounts.

Defi Kingdoms jeweler

Completing in-game quests and getting involved in professions will require you to have at least one Hero. If you do not have one, they can be acquired at the Tavern.

Defi Kingdoms tavern

Here players can also sell and list their heroes for hire by interacting with the Agent.

There are four professions in DeFi kingdoms but only two of them are available in the current game release. 

Gardening and Mining can only be accessed in the beta version of the game but any progress made there will also be reflected in the current game release.

Professions Defi Kingdoms

The Castle is still unfinished but once released it will allow players to purchase and trade land plots.

Other features include the Portal, Meditation Circle, Alchemist and Docks, all of which are used either for crafting items or sending your Hero on a quest.

According to the roadmap the game is only half-way finished. Future releases will include PVP and PVE modes, player-owned buildings, and equipment.

Tokenomics #

JEWEL is the only token in DeFi Kingdoms. It is a governance token that gives holders the right to vote on future development decisions, but it can also be used as an in-game currency or a staking token that provides stakers with a share of trading fees generated by the exchange.

JEWEL Maximum Supply: 500,000,000

Initial Distribution:

  •  5,000,000 JEWEL is allotted to fund the future development of the game. 
  • 2,000,000 JEWEL is allotted for promotion of the project, including marketing and airdrops.
  • 2,000,000 JEWEL is allotted for initial liquidity.
  • 1,000,000 JEWEL is allotted for bounties and hours for the founding team based on their work towards launch.

Conclusión #

If you are looking for a passive gameplay experience that can also earn you some crypto on the side, DeFi Kingdoms is surely worth checking out. Apart from the gameplay and innovative GameFi mechanics it allows players to earn JEWEL tokens by providing liquidity. Even though it is not a free-to-play title it still has a lot to offer for both players and investors.

Actualizado el marzo 9, 2022
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*Publicidad pagada. No es asesoramiento financiero. RugDoc no se hace responsable de los proyectos aquí expuestos. DYOR y mantente seguro.

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