What is DeFi Kingdoms?
DeFi Kingdoms is a cross-chain play-to-earn game built on a robust DeFi protocol, evolving into a full MMORPG. It features decentralized exchanges (DEXs), liquidity pools, and a marketplace for utility-focused NFTs, all within a fantasy pixel art setting.
- Platforms: DFK Chain (Avalanche subnet), Klaytn
- Game Components: DEXs, liquidity pools, NFT marketplace
Recent Video Interview
Main points of the interview:
- Participants reflected on personal growth and project milestones in 2023.
- Excitement for 2024, driven by upcoming ETF news and project catalysts.
- Commendations for team resilience during market challenges and community support.
- Enthusiasm for future game developments and collaborative efforts.
DeFi Kingdoms Token Ecosystem
The project introduced the JEWEL token on Harmony, which now serves as the primary utility token across realms. Recent updates have expanded its role in liquidity pooling, staking, and governance.
- Tokens: JEWEL, CRYSTAL, JADE
- Functions: Ecosystem token, native gas token, in-game Power-Ups
The Jeweler
The Jeweler 2.0 integrates Curve’s veToken model with mechanisms for governance and rewards. Players lock JEWEL tokens to acquire cJEWEL or sJEWEL, which grant governance rights and in-game benefits.
- Tokens: cJEWEL (Crystalvale), sJEWEL (Serendale)
- Benefits: Governance, rewards, Power-Ups
Team Background and Partners
Managed by Kingdom Studios, the DeFi Kingdoms team, though pseudonymous, maintains active community engagement. Key partners include Avalanche, Klaytn, Synapse, and Coinbase.
- Key Figures: Dreamer (President), Frisky Fox (Co-Founder)
- Partners: Avalanche, Klaytn, Coinbase
Project Development
The upcoming feature, Visages (vizzies), will offer cosmetic items for altering Hero appearances while preserving equipment benefits. Visages have a cooldown period for re-equipping.
- Feature: Cosmetic customization
- Cooldown: 24 hours between changes
Other Projects in the Avalanche Subnet Category
- BEAM: a privacy-focused DeFi platform using Mimblewimble and LelantusMW protocols.
- Dexalot: a decentralized exchange with a traditional CEX interface, using an on-chain order book on Avalanche.
- Numbers Protocol: uses blockchain for digital provenance, ensuring media authenticity and traceability.
DeFi Kingdoms Price Analysis
As of November 24 2024 DeFi Kingdoms has a marketcap of $16M.
This is {{percentagefromath}} from its all time high of $22.52.
In terms of its tokenomics, there's a total supply of 121M with 94% currently outstanding.
Keep in mind DeFi Kingdoms has a fully diluted value of $17M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
