[Overview] What is Defi Kingdoms?

by GameAZ
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Defi Kingdoms is the top game in the ranking of decentralized applications (Dapp). It is developed on Blockchain Harmony technology with a variety of genres from: fighting, farming, missions,… and a lot of people are interested in this game. So, what is Defi Kingdoms?, let’s answer this question with GameAZ.

I’m Steven – let’s learn about the game project from A – Z.

Key Takeaways:

  • Play-to-earn game project is built and operated on Harmony blockchain , which is a combination of game, Dex, Liquidity, Pool and NFT ‘s applicability .
  • $JEWEL is the main token of the project used to: Stake and participate in governance voting; In-game currency; Stake $JEWEL get $JEWEL Use in liquidity mining.
  • The project is led by Frisky Fox , other notable members of the team include: Professor Tango – Back-End Director; Jericho Splendershoes – Technical Writer; Sinstar Necro – Design team leader.
  • The main investment fund of the project is Defi Kingdoms and Artemis Protocol

1. What is Defi Kingdoms?

Defi Kingdoms is a play to earn game that can both entertain and earn players money. Players can earn through doing tasks to earn JEWEL Tokens, or high value NFTs in the game, bring them to Marketplace to trade and earn profits.

Defi Kingdoms, a game with many genres, all summed up in one ecosystem. The colors in the game are classic, with the background music matching the style of the map, the pixel art is the main drawing for everything. With the above criteria, Defi Kingdoms is easily accessible to new players, through the simplicity of the layout but no less interesting.

What is Defi Kingdoms

2. Highlights of the Defi Kingdoms

Defi Kingdoms, is a decentralized project, the highlight of Defi Kingdoms is to bring richness in its product.

2.1. DEX in Defi Kingdoms

Right in the game, there will be a decentralized exchange (DEX), with Uniswap Ver 2 protocol, Safe, fast and with extremely low transaction fees, players will quickly receive rewards. In addition, players can become liquidity generators and collect fees from other traders.

2.2. Yield Farming

Right at the Garden, players can Stake LP Tokens from the Market to receive rewards with JEWEL tokens.

2.3. Bank

At the Bank, players can Stake JEWEL Token to get xJEWEL, the bank will receive fees from DEX, and perform trading in the market to get more JEWEL. When the player withdraws JEWEL Token, the $JEWEL received will be more than the amount the player put in. Thus, the exchange rate between JEWEL and x JEWEL always increases.

3. Defi Kingdoms project development roadmap

July & August 2021

  • Discord community development, Twitter
  • White paper & Gitbook Docs
  • Website Construction
  • Post articles on Medium, with content about upcoming features and tokenomics

August 2021

  • Release of a map of the city’s capitalization
  • Release game interface: Market, Bank, Garden, …
  • Launching JEWEL Token
  • Open Bank to invest $JEWEL
  • Airdrop JEWEL for the first 1,000 people to verify their accounts and join the Discord channel

September & October 2021

  • Launch of NFT Heroes
  • Launched 2 types of missions: Dungeon Raiding (PVE combat) & Gardening (yield farming to earn JEWEL)
  • 50 Generation 0 Heroes will be awarded to random winners, from those with at least 5000 xJEWEL in the bank by 9/15/2021

November 2021

  • Land Auction
  • Expanded world map
  • 25 Kingdom tiles will be awarded to random winners, from those who have at least 5000 xJEWEL tokens in their bank balance before October 15, 2021

1st quarter of 2022

  • Build buildings in Kingdom to upgrade coins
  • Players can trade, or craft NFT equipment for Heroes

Second quarter of 2022

  • Launched PVP, players can team up 3 Heroes, compete and receive rewarded $JEWEL

4. JEWEL Token information

4.1. Key Metrics JEWEL

  • Token Name: Defi Kingdoms
  • Ticker: JEWEL
  • Blockchain: Harmony
  • Token Standard: HRC
  • Contract: Harmony: 0x72cb10c6bfa5624dd07ef608027e366bd690048f

Ethereum: 0x9014B937069918bd319f80e8B3BB4A2cf6FAA5F7

  • Token Type: Governance, Utility
  • Max Supply: 500,000,000
  • Market Cap: $274,983,431
  • Circulating Supply: 62,752,130.00 JEWEL

4.2. JEWEL Token Allocation & Pay Schedule

With a supply of 10,000,000 JEWEL Tokens, $JEWEL will be distributed as follows:

  • 5,000,000 JEWEL: Distributed in future game development. Unlock gradually according to the estimated schedule.
  • 2,000,000 JEWEL: Allocated for promoting the game. This token will grow slower to ensure enough Token in marketing and attracting new investors and players.
  • 2,000,000 JEWEL: Allocated for initial liquidity. These JEWELs will be matched with ONE to form the initial liquidity pool and will not be withdrawn or sold.
  • 1,000,000 JEWEL: Allocated to the project development team. When the token launches, half will be unlocked immediately, the other half will be unlocked over time

4.3. JEWEL Token Utility

  • Governance: $JEWEL holders will be able to stake their tokens and participate in governance voting.
  • Payment: Players can use JEWEL Token to trade in-game, buy NFT, buy land in Kingdoms, speed up construction time, or drink experience potion.
  • Staking: Players will be able to stake their $JEWEL to earn rewards.
  • Liquidity: JEWEL Token is also used in liquidity mining, through staking, players will earn profits

4.4. How to own JEWEL Token

Users can earn $JEWEL through doing in-game quests

In addition, $JEWEL is now available on exchanges such as: MEXC, CoinEX, Hotbit, AAX, BigONE, players can buy JEWEL Token from these exchanges.

5. Backer

5.1. Team

  • Frisky Fox (Executive Director): As the project lead, Frisky Fox has experience in writing smart contracts and running games. He also ranks first in AI and DEX analytics.
  • Professor Tango (Back-End Director): A great assistant of the project, he can do anything, and his best job is making Gifs, many people say the Gifs he makes are all bring special.

5.2. Investment funds and partners

Defi Kingdoms has cooperated with Artemis Protocol, to make the project more developed, and both also develop launchpad.

6. Community

  • Twitter: https://twitter.com/DefiKingdoms
  • Reddit: https://www.reddit.com/r/DefiKingdoms/
  • Discord: https://discord.com/invite/defikingdoms
  • Telegram: https://t.me/defikingdoms
  • Youtube: https://www.youtube.com/c/defikingdoms
  • Instagram: https://www.instagram.com/defikingdoms/
  • Facebook: https://www.facebook.com/defikingdoms
  • Website: https://defikingdoms.com/

Above is an overview of what DEFI KINGDOMS project is. Hope can help you have a clearer picture of this exciting world of NFTGame from which to make more informed investment decisions

If you have any questions, comments, recommendations or project ideas, please email: [email protected]

Disclaimer: This website’s content is offered as a general market overview and does not constitute financial advice. GameAZ recommends you to conduct additional research before to investing.

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