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About DeFi Kingdoms Crystal
Key Points
- DeFi Kingdoms is a blockchain game combining DeFi elements with fantasy pixel art.
- CRYSTAL is the utility token of DeFi Kingdoms: Crystalvale, launched in March 2022 on DFK Chain.
- Unique features: decentralized exchange, NFT marketplace, liquidity pool opportunities, and fantasy pixel art.
- CRYSTAL is used for in-game activities, swapping, and liquidity pooling.
- Maximum supply: 250 million tokens (increased from 125 million in December 2022).
- CRYSTAL will begin unlocking in late March 2023, with a total supply reached in a year.
About DeFi Kingdoms’ Crystal: A Realm of Boundless Opportunity
Introducing DeFi Kingdoms: A Realm of Decentralized Finance
DeFi Kingdoms is a captivating browser-based blockchain game that seamlessly integrates multiple DeFi elements, presenting a unique and engaging experience. By merging a decentralized exchange (DEX), a non-fungible token (NFT) marketplace, and liquidity pool opportunities, the game offers a distinctive blend of decentralized finance and retro gaming aesthetics, all set against a backdrop of captivating fantasy pixel art. The visionary team behind DeFi Kingdoms aims to unlock the full potential of blockchain technology in a gaming context, fostering innovative synergies between the realms of gaming and decentralized finance.
CRYSTAL is the utility token, often referred to as the “power” token, of the DeFi Kingdoms: Crystalvale realm, which debuted in March 2022 on DFK Chain, a bespoke Avalanche Subnet.
Unveiling the Unparalleled Essence of DeFi Kingdoms
Preeminent among its peers, DeFi Kingdoms distinguishes itself through the ingenious fusion of DeFi functionality and engaging game elements. Unlike numerous other games that have attempted to incorporate similar features, the amalgamation of financialization and gaming in DeFi Kingdoms feels remarkably organic. This synergy is further facilitated by several pivotal features of DeFi Kingdoms.
At the heart of its decentralized exchange lies the Uniswap V2 Protocol, empowering players to seamlessly swap tokens and assume the role of liquidity providers, thereby earning fees on token swaps.
LP tokens can also be staked in The Gardens, a distinctive ecosystem where players are rewarded with tokens for acquiring rare NFTs and other coveted items. This innovative platform is visually represented through a diverse array of plants and crops, which players must nurture and harvest to reap their rewards. Each garden embodies a unique LP pairing, and the harvested yield is deposited in the storehouse, awaiting collection.
In the realm of DeFi Kingdoms, Heroes transcend the conventional NFT paradigm, evolving into playable characters capable of earning token rewards and augmenting their stats through leveling up. As a cornerstone feature of the game, they are tasked with embarking on quests and engaging in battles across diverse gameplay modes, including the DFK Duel minigame. Heroes are bought and sold in The Tavern, while new heroes can be summoned at the Portal by combining genes from existing Heroes, thereby creating an entirely novel, potentially extremely rare, NFT. Moreover, players will be able to equip their Heroes with Pets and various Equipment NFTs, granting them access to special passive and active abilities. The quests that Heroes undertake enable them to gather in-game resources, boost their farming yields from the Gardens, and unlock rewards prematurely with the assistance of Mining Heroes.
Within the realm of DeFi Kingdoms, players are afforded the opportunity to acquire Land Plots, each distinguished by its unique location and corresponding resource yields. In the future, players will be granted the liberty to construct upon their lands, thereby augmenting bonuses for their Heroes. Furthermore, land ownership will empower players to discover novel, valuable resources, which can be leveraged in Crafting and other game modes.
What Is the Circulating Supply of DeFi Kingdoms’ CRYSTAL Tokens?
CRYSTAL, the native power token of DeFi Kingdoms: Crystalvale, serves as the lifeblood of the ecosystem, facilitating a wide range of in-game activities. These include the purchase and sale of Hero and Pet NFTs, the summoning of new Heroes, and the enhancement of their stats. Additionally, CRYSTAL enables the hatching of Pets and participation in the DFK Duel minigame. Furthermore, this versatile token can be exchanged for other tokens and in-game items on the decentralized exchange (DEX), pooled for liquidity, and is emitted by the Gardens within the Crystalvale realm.
Initially, the token was launched with a capped supply of 125 million tokens, but in December 2022, DeFi Kingdoms revised its tokenomics, effectively doubling the maximum supply to 250 million tokens. The supplementary CRYSTAL tokens are being airdropped to holders of locked JEWEL on Harmony, and will subsequently be locked as well.
CRYSTAL’s unlocking process is slated to commence in late March 2023, which will incrementally increase the circulating supply to align with the total supply over the ensuing year. Concurrently, CRYSTAL will continue to be emitted in the Gardens until it reaches its maximum supply, minus any tokens that have been burned.
The Visionary Minds Behind DeFi Kingdoms: Meet the Developers
DeFi Kingdoms is meticulously maintained and developed by Kingdom Studios, a team that, akin to other community-driven projects such as SushiSwap and LooksRare, operates under pseudonyms. Notwithstanding, the team fosters transparency by hosting weekly AMAs on Discord and YouTube, with many members voluntarily revealing their identities during live streams.
The esteemed Kingdom Studios Board of Directors comprises:
- Dreamer, President and Director of Revenue and Operations, spearheading the organization’s strategic growth and development.
- Frisky Fox, Co-Founder and Director of Blockchain, pioneering the development of innovative blockchain solutions.
- Beetle Dude, Director of Application, driving the design and implementation of cutting-edge applications.
Notable pillar heads comprise:
- Pie Face, Co-Founder and Director of Digital Strategy
- Bolon Soron, Director of Player Experience and Engagement
The team has outlined several trust-building measures, including the on-chain verification of smart contracts, soliciting audits, and the exclusive utilization of multi-signature wallets and vesting for JEWEL tokens, thereby fostering a secure and transparent environment.
Where to Acquire DeFi Kingdoms’ CRYSTAL Tokens
CRYSTAL is accessible via the DeFi Kingdoms (Crystalvale) decentralized exchange, conveniently situated on the DFK Chain.
For those seeking to delve into the world of cryptocurrency investment, our comprehensive guide provides a wealth of information on how to initiate your cryptocurrency-buying journey.