Hodl Ninjas
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe
Search
bitcoin
Bitcoin (BTC) $ 27,232.30
ethereum
Ethereum (ETH) $ 1,905.90
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 307.38
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.526718
staked-ether
Lido Staked Ether (STETH) $ 1,904.13
cardano
Cardano (ADA) $ 0.381588
dogecoin
Dogecoin (DOGE) $ 0.072889
solana
Solana (SOL) $ 22.13
matic-network
Polygon (MATIC) $ 0.902449
tron
TRON (TRX) $ 0.081855
litecoin
Litecoin (LTC) $ 95.87
polkadot
Polkadot (DOT) $ 5.35
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.77
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,260.30
uniswap
Uniswap (UNI) $ 5.08
chainlink
Chainlink (LINK) $ 6.52
leo-token
LEO Token (LEO) $ 3.60
cosmos
Cosmos Hub (ATOM) $ 10.81
okb
OKB (OKB) $ 46.04
monero
Monero (XMR) $ 149.53
ethereum-classic
Ethereum Classic (ETC) $ 18.20
the-open-network
Toncoin (TON) $ 1.74
stellar
Stellar (XLM) $ 0.092508
bitcoin-cash
Bitcoin Cash (BCH) $ 116.45
internet-computer
Internet Computer (ICP) $ 4.83
filecoin
Filecoin (FIL) $ 4.83
true-usd
TrueUSD (TUSD) $ 1.00
lido-dao
Lido DAO (LDO) $ 2.30
aptos
Aptos (APT) $ 9.29
quant-network
Quant (QNT) $ 116.67
crypto-com-chain
Cronos (CRO) $ 0.062252
hedera-hashgraph
Hedera (HBAR) $ 0.051013
arbitrum
Arbitrum (ARB) $ 1.23
near
NEAR Protocol (NEAR) $ 1.65
vechain
VeChain (VET) $ 0.020025
apecoin
ApeCoin (APE) $ 3.16
the-graph
The Graph (GRT) $ 0.128292
algorand
Algorand (ALGO) $ 0.153069
the-sandbox
The Sandbox (SAND) $ 0.583264
eos
EOS (EOS) $ 0.918632
paxos-standard
Pax Dollar (USDP) $ 0.999753
frax
Frax (FRAX) $ 1.00
elrond-erd-2
MultiversX (EGLD) $ 38.83
render-token
Render (RNDR) $ 2.69
optimism
Optimism (OP) $ 1.50
Hodl Ninjas
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe
Search
Hodl Ninjas
Home Defi

Finance and Gaming: DeFi Kingdom’s Novel Approach

DeFi Kingdoms is a project unlike any we have seen in the space, with an ultimate goal of changing the very face of what we have come to know as gaming and finance.

L.R. Borbón by L.R. Borbón
April 19, 2022
in Defi, NFTs
0
Defi Kingdoms Project Review
Share on FacebookShare on Twitter

DeFi Kingdoms is the novel project that is making waves in the crypto community because of its ability to marry two often unrelated concepts: finance and gaming. Utilizing some of the most brilliant minds in technology, DeFi Kingdoms is on its way to introducing the world to a way of having fun, while learning about economics and finance.

Dreamed up in the heart of Silicon Valley, DeFi Kingdoms made its grand debut in the summer of 2021 on the Harmony blockchain. Initially starting off as a DEX or decentralized exchange and LP or liquidity pool with farming and staking capabilities. From its initial launch in August of last year, DeFi Kingdoms has added a slew of innovative technologies and practices to its platform.

From incorporating a way to stake their native token, JEWEL to encouraging the purchase and trading of their NFTs of castles and heroes. DeFi is making a big splash on the crypto community and things are only beginning to look up for the all-in-one gaming pioneer.

What is the JEWEL Token?

The JEWEL token is set to be one of the most diverse and malleable tokens currently out on the market. This is because, unlike other tokens in comparable games like Axies, the JEWEL token is an all-in-one experience.

This is due to the fact that the developers of DeFi Kingdoms specifically wanted to create a token that is multi-purpose. As of the moment, the JEWEL token can be used for the following:

  1. Purchase of useful NFT items in DeFi Kingdoms such as heroes and kingdoms.
  2. Liquidity mining, your JEWEL token is able to be used to stake and earn rewards for keeping your token in the pool.
  3. Governance and the issuing of new rules will be granted to the holders of JEWEL.

There is another bonus to holding JEWEL, holders of DeFi Kingdoms native tokens can also exchange the token for other currencies on the Harmony blockchain. Proving that you can play a game and make real-world money from it as well.

What About the Gameplay?

DeFi Kingdoms is not like your typical game, where gameplay can solely be focused on achieving missions and leveling up through the game. DeFi Kingdoms is more akin to a gaming skin for decentralized finance—rather than a game solely created for gameplay.

Where DeFi Kingdoms excels in the gaming industry is in its ability to create a community and environment where the goal is to learn. To learn about economics, finance, and how that connects to the real world.

DeFi Kingdoms encourages economic learning and crypto trading through the use of its in-gaming “bank” and “gardens”. In its bank, players are offered the ability to stake the native JEWEL token into a single staking pool system.

As players trade JEWEL within the bank, DeFi Kingdoms take a fee from transactions which are then used to purchase more JEWEL tokens. Thereby, ultimately increasing the inherent value of the JEWEL token for investors across the board.

The “Garden” in DeFi Kingdoms operates slightly differently than the Bank. The Garden is designed to encourage the growth of JEWEL when not staking in the “Bank”. This is done with additional JEWEL tokens that users aren’t using—they then can deposit these additional JEWEL tokens into the garden, where an NPC farmer harvests plants for providers and stores them for players to claim at a later time.

Then, once the plants are matured, players can withdraw these plants and exchange them for JEWEL tokens, NFTs within the game, or other rewards such as bluffs.

Key DeFi Kingdoms Takeaway

All in all, DeFi Kingdoms boats as one of the year’s most promising projects in the DeFi gaming sphere. With a current market cap of over $1 billion, DeFi Kingdoms is well on its way to becoming the leader in crypto learning and gameplay.

Only time will tell how far the JEWEL token goes and how many more players they can turn into gaming millionaires by the end of 2022.

ShareTweetPin
Previous Post

4 Dynamic And Fun NFT Sports Projects Fans Are Flocking To

Next Post

Crypto Goes Green: Top 6 Eco-Friendly Digital Currencies

L.R. Borbón

L.R. Borbón

L.R. has worked for an international investment firm as a wealth manager and investment advisor, and launched his own NFT consulting business for the entertainment industry in 2021. He covers a wide variety of crypto and NFT topics for HODL Ninjas.

Related Articles

Africa's Zimbabwe Introduces Gold-Back Crypto
News

Africa’s Zimbabwe Introduces Gold-Back Crypto

May 2, 2023
Trump Made $1 Million From NFTs
News

Trump Made $1 Million From NFTs

April 24, 2023
The Shanghai Upgrade
News

The Shanghai Upgrade

April 12, 2023
Coinbase's USDC Depegs for First Time
Defi

Coinbase’s USDC Depegs for First Time

March 21, 2023
Next Post
Green-Crypto-Projects-Worth-Tracking-in-2022

Crypto Goes Green: Top 6 Eco-Friendly Digital Currencies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Articles

  • High Growth NFT Categories for 2022

    What NFT Categories are Set to Go Ape in 2022?

    0 shares
    Share 0 Tweet 0
bitcoinBitcoin
$ 27,232.30
$ 27,232.30
0.12%
ethereumEthereum
$ 1,905.90
$ 1,905.90
0.13%
tetherTether
$ 1.00
$ 1.00
0.02%
solanaSolana
$ 22.13
$ 22.13
4.49%
cardanoCardano
$ 0.381588
$ 0.381588
1.18%
polkadotPolkadot
$ 5.35
$ 5.35
1.14%

Become a Hodl Ninja.

Stay on top of market trends, find exciting new projects, hold on for dear life.

johnsmith@example.com
© 2021 Hodl Ninjas – A BettorView Brand.
No Result
View All Result
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe

© 2021 Hodl Ninjas - A BettorView Brand.

Search
$ USD
  • $ USD
  • € EUR
  • ₹ INR
0
Previous 25
Next 25
#CoinPriceMarketcapVolume (24h)SupplyChange (24H)Price Graph (7D)
Previous 25
Next 25
Subscribe to Hodl Ninjas

Get the latest news in crypto and be the first to hear about exciting new projects.

Enter your email address

No thanks, I’m not interested.