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In latest months, DeFi-based non-fungible token (NFT) video games have been pumping to file highs, accumulating tens of hundreds of customers globally.
They undertake the play-to-earn enterprise mannequin that enables players to earn crypto rewards whereas enjoying their favourite video games.
There are literally thousands of NFT video games already available in the market, and extra are being launched each day. However even with the lengthy record of video games obtainable, blockchain players are nonetheless in search of one thing that enables them to earn extra rewards. And now Cryptosnake goals to dwell as much as that expectation.
What’s Cryptosnake?
Cryptosnake is an NFT-focused blockchain sport primarily based on the easy but basic “Snake” from the 2000s.
The sport’s idea entails a snake that has to “eat” bricks to develop. Gamers direct the snake in order that it doesn’t collide with both the obstacles within the sport or its physique. The sport’s problem will increase because the snake’s size grows.
Though this sport has been tailored to totally different gadgets, with builders making an attempt to provide you with new concepts to make it extra interesting, the essential idea stays unchanged.
However now, Cryptosnake is aiming to evoke that feeling of nostalgia and on the identical time introduce a manner for gamers to earn actual cryptocurrencies whereas enjoying the sport.
How Does it Work?
Cryptosnake provides attractive and diversified earnings streams obtainable. The principle supply of earnings is derived from rising the snake, and that entails feeding it tokens offered on the enjoying subject.
Gamers earn a passive annual proportion price (APR) by staking their SNAKE tokens, and the speed grows if the snake is extra pumped.
Moreover, players can improve their APR by accumulating the numerous obtainable bonuses within the sport equivalent to one which rewards you for spending extra time.
Apparently, the sport integrates halving into its protocol. Each six months, the APR will probably be minimize in half, and this offers early customers a bonus.
Discovering or shopping for sport artifacts is one other manner that gamers earn from Cryptosnake. The artifacts, which embrace diamond, snake hunter, snake charmer, shadow snake, rainbow unicorn, and extra, act like parts or boosters to extend the snake’s profitability. They’re restricted in quantity, making them extra beneficial.
One other earnings stream comes within the type of a reward system the place 30% of the primary transactions carried out by new gamers within the sport are distributed amongst outdated gamers.
On this case, gamers don’t even have to ask anybody to the sport to earn a reward. The one manner gamers can be sure that they get this reward is by becoming a member of the sport in its early phases.
Cryptosnake can be designed in such a manner that not solely the in-game foreign money is a non-fungible token (NFT) however each sport asset, together with the artifacts and the snakes themselves.
This permits gamers to purchase and promote any in-game object on {the marketplace} and earn actual cash from them.
Learn how to Take part
Presently, Cryptosnake has not been formally launched, however it’s within the last phases of growth and is scheduled to go dwell on November 30, 2021.
Nevertheless, early followers of the sport can be a part of the challenge’s group and stand the possibility of receiving bonuses within the type of the SNAKE token, which can subsequently be despatched to their registered Cryptosnake digital wallets when the sport lastly launches.
Tokenomics: What’s SNAKE token?
SNAKE is the native utility token of Cryptosnake. It’s primarily based on the Binance Good Chain (BSC) community and will be exchanged for different BSC-based currencies.
It has a provide cap of 10 billion tokens, with an preliminary distribution of 100 million SNAKE tokens, which will probably be obtainable on PancakeSwap for a presale, permitting traders and different market members to buy the token at an early stage of the challenge launch.
The remaining tokens, 9.9 billion SNAKE will function staking tokens and will probably be elastically issued the second the NFT is damaged (when the snake is destroyed) and transformed into SNAKE tokens at market trade charges. New tokens can even be issued on the time of staking curiosity accrual.
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