Genopets

What is Genopets?

Genopets is the gamification of an active lifestyle, where players are incentivized to stay physically active through gameplay. By leveraging the pedometer on their smartphones, Genopets tracks users' steps and rewards them with in-game resources based on their activity levels. The game revolves around building a bond with a digital companion, similar to the emotional connection experienced with past virtual pets like Tamagotchi or Pokémon. This emotional connection serves as a motivating factor for players to lead a more active lifestyle.

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Recent Video Interview

Main points of the interview:

• V1 Release: The upcoming V1 release is scheduled for March 20, 2024, promising significant enhancements and new features.
• Improvements are being made to streamline the onboarding process for new users.
• Announced collaborations with Anam Moka and Taki Games to expand the platform's ecosystem.
• Launching Augmented Reality support for Apple Vision Pro to enhance user engagement and interactivity.

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Rewarding an Active Lifestyle

• Passively played, but actively rewarded.
• Steps are converted into Energy, the in-game fuel, which unlocks various rewards and opportunities.
• By banking steps daily, players can reap the benefits of their physical activity, encouraging consistency in their exercise routines.

Sustainability in GameFi

Genopets aims to create a sustainable gaming economy by focusing on meaningful player experiences and fostering a marketplace driven by player interactions. The game rewards players for dedication and skill rather than solely financial investments, promoting non-linear, skill-based earning opportunities. Additionally, Genopets facilitates a creator economy where players can craft, trade, and sell in-game items, leading to a flourishing marketplace economy built around player-driven transactions.

Marketplace Economy

In Genopets, players can earn by creating and trading value among each other through various in-game activities such as upgrading Genopets, crafting items, and terraforming Habitats. The game's economy relies on daily active use and enjoyment, ensuring its sustainability without solely relying on continuous user growth.

Move-to-Play

Staying active is at the core of Genopets gameplay. Players convert their physical activity into in-game resources, nurturing their digital pets' growth and evolution. The game encourages daily movement and engagement through minigames focused on caring for and interacting with Genopets.

Habitat Terraforming & Rental

Players can own and customize Habitats, which can be rented or sold to other players. This feature enables players to earn by providing in-game services or leasing out their virtual properties, further enriching the game's economy.

Dual Token System

Genopets operates on a dual-token system consisting of KI and GENE Tokens, each serving distinct functions within the game. KI Tokens are used for in-game utilities such as crafting and terraforming, while GENE Tokens are governance and staking tokens used for NFT sales and rewards. The game also introduces sGENE, a synthetic token for in-game use only.

Team Background

Genopets, founded in fall 2021, flourishes with a strong global community of hundreds of thousands excited for its journey. With a diverse and bold team, including Albert Chen, Benjamin Tse, Jay Chang, Kevin Kim, and Austin Chen, Genopets strives to unite the real world and the metaverse, empowering players to discover value. Recognizing community support as pivotal to their success, they offer opportunities for those inspired by their mission.

Project Development

In preparation for the next phase of Genopets, dubbed "Genopets Reborn," the team unveils three proposals for a Tokenomics Revamp. These changes aim to reshape the game's economy, enhancing player experience and supporting future plans. The first initiative, Qubits:GENE, will align the in-game economy with the governance token, $GENE, by making it the backing currency of Qubits.

Energy 2.0, the second initiative, introduces changes to the Energy system to ensure fair gameplay, discourage cheating, and provide new ways to acquire Energy. Lastly, the Harvesting Rework initiative aims to simplify incentives and system mechanics to encourage greater adoption. The team invites community feedback and collaboration in shaping the future of Genopets through its Discord channel.

Genopets Price Analysis

As of November 24 2024 Genopets has a marketcap of $4.2M. This is {{percentagefromath}} from its all time high of $37.83. In terms of its tokenomics, there's a total supply of 100M with 63% currently outstanding. Keep in mind Genopets has a fully diluted value of $6.8M 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.