Defi Kingdoms is a new game that has been launched by a company called Aetherium Studios. The game aims to give users an immersive experience by allowing them to build their own city and interact with other players. The game uses NFTs (non-fungible tokens) to make transactions, and users can stake tokens for a rewards system. The game also provides passive bonuses for users, such as building upgrades.
Buildings provide passive bonuses
Adding buildings to your DeFi kingdom can be a fun way to increase your efficiency while you play. They also provide passive bonuses that may improve your quest completion rate and stats.
For example, a power generator near your factory reduces the energy used by your factory. Alternatively, a mass storage facility near your mass extractor increases the mass produced by your extractor.
The best part about adding buildings to your DeFi kingdom is that you can generate passive income by renting them out to other players. You can also upgrade your plot to increase the resources it can provide. This may require you to travel less to complete your quests.
Another useful building-related feature is the adjacency bonus. This is a nice little nugget that is displayed via a glowing linkage that connects buildings that receive an adjacency bonus. In the example below, building A receives a 10% reduction in energy usage. This reduction is multiplied by the number of adjacent buildings, and will continue to be provided as long as the building is powered up.
Other buildings have similar functions. For example, a church that has a base amount of gold is worth building. In addition, there are some building types that will let you earn more pledge rewards in your garden.
The tavern, also known as the tavern, is a newer addition to the DeFi kingdoms landscape. Here, you can buy and sell heroes, summon powerful cards, and buy and sell NFTs. It has also been revamped with a slew of new Hero cards.
Besides providing a cool-looking pixel art avatar, the tavern also plays a large role in bringing the DeFi Kingdoms community together. As a result, you can expect to see more players engaging in the game.
Staking rewards
Defi Kingdoms is a game based on decentralized finance. It’s a social gaming experience that combines traditional high-fantasy RPG traits with NFTs. It features a staking reward system. This system is designed to make investing fun.
Staking rewards are earned twice weekly, based on the Proof of Stake process. These rewards vary depending on the protocol design and staking participation rate.
The DeFi Kingdoms ecosystem is made up of NFTs, a decentralized exchange, a jeweler, and gardens. The jeweler accepts JEWEL tokens, which can be traded for xJEWEL tokens. Using the jeweler, players can purchase NFTs and use them in the game. JEWEL tokens are earned through staking.
Defi Kingdoms has a decentralized exchange, which uses the UniswapV2 Protocol. This allows players to trade and bridge a variety of popular cryptocurrencies. The bank receives transaction fees and uses the fees to buy more JEWEL tokens.
JEWEL is the main token in DeFi Kingdoms, and can be used to purchase NFTs in the game. JEWEL tokens also allow players to stake rewards in the game. The bank periodically buys JEWEL tokens, which are then traded to receive xJEWEL tokens. These are then exchanged for JEWEL tokens at the current ratio.
Heroes are a central component of the game. They can be sent on quests to earn XP, experience, and loot. They can also be summoned by the summoner. They can fight each other in PVP, or engage in professions. Heroes can also be used in Dungeon Raiding, allowing them to earn drops and loot.
The staking rewards system in DeFi Kingdoms is not new. It’s a simple concept, but it can be complicated.
NFT marketplace
Defi Kingdoms is a game and DEX (decentralized exchange) that blends the traditional fantasy pixel art with the appeal of decentralized finance. Players can earn tokens and buy cards to advance their character. Players can also earn cards through winning matches. In addition, players can mine raw materials to acquire resources for their character.
Players can become traders of rare items. This is done by using GODS tokens, which are the native currency of the platform. GODS tokens can be used to buy packs and upgrades. These cards can be traded on the in-app Marketplace.
Defi Kingdoms is ranked as the best NFT game on the Harmony blockchain. It is a strategic, fun and free-to-play game.
Players can earn tokens for their winning horses. They can also earn tokens for breeding horses. The game uses public data on thoroughbred racehorses and racing results. This information allows Pinhookers to trade Silk horse NFTs strategically.
Players can earn tokens by winning matches, as well as earn tokens by winning tournaments. These tokens can then be traded in the NFT marketplace. The game’s market has an incredibly active community.
Players can become traders of rare items and cards. They can join organizations and join liquidity farming pools. In addition, they can become collectors of rare items. This can help them earn tokens to purchase better cards.
Players can also earn cards through experience points. In addition, they can earn skills points. These skills are used to enhance cards and gain access to special benefits.
Players can also purchase mining equipment on the NFT Marketplace. These equipment can be configured to take on ship missions.
Price spikes in the last six months
Despite the recent downturn, prices have risen notably over the past six months. However, they have not yet returned to pre-bubble levels. The big question is how much longer will it take before inflation finally hits the brakes? The answer is not as simple as you might think.
The key is to figure out what causes inflation and what is the best way to go about addressing it. The best place to start is to examine the state of the economy. A cursory survey of industrial and agricultural sectors will reveal how much the country spends on food and energy, which will help pinpoint the cause of the spike.
Developers are pseudonymous
Unlike many of the other projects on the Harmony Network, DeFi Kingdoms is not doxxed and the developers are pseudonymous. The project is a play-to-earn game based on the Ethereum sidechain Harmony. The team is working hard to secure the network, and they are constantly adding new features. These include token pairings, gardens that display investors’ LP share, and smart contracts.
The project’s founders are inspired by their passion for investing. They also have a deep understanding of the crypto industry. They created DeFi Kingdoms as a way to visualize how liquidity pool investing works. They’ve created several paths for users to follow. These include staking, liquidity mining, and gardening. They’ve also created several paths for heroes, including Foragers and Fishers.
DeFi Kingdoms is currently the most successful Harmony Network project, topping the DappRadar charts. It has over a billion dollar market cap before a recent crash. It’s also the first project to receive incentives under the Multiverse label. This program will offer $15 million in incentives, denominated in AVAX. The tokens are valued at $290 million at the current price. This program is a part of Ava Labs’ plan to encourage the growth of subnets on the Avalanche network.
Ava Labs also announced the creation of a subnet for institutions. It’s working with a group of crypto investment firms to do this. The team is also working on the development of a subnet that will allow traditional financial institutions to use Avalanche. Several subnets have already been created on Avalanche. These include a new native token called $CRYSTAL.
These developments, along with other key stories in the crypto world, are highlighted in CoinDesk’s daily roundup.