What is DeFi Kingdoms? Things to know about DeFi Kingdoms and the JEWEL token

• DeFi Kingdoms Overview
• What is DeFi Kingdoms?
• Basic Features of DeFi Kingdoms
• How to make money in DeFi Kingdoms
• DeFi Kingdoms Development Team
• Development plan
• Advisors, investors and partners of the DeFi Kingdoms project
• Overview of the JEWEL . token
• What is the JEWEL token?
• JEWEL Token Basic Indicators
• Functions of the JEWEL . token
• Where can JEWEL tokens be bought and sold?
• The future of the DeFi Kingdoms project. Should I invest in JEWEL tokens?
• summary

DeFi Kingdoms Overview

What is DeFi Kingdoms?

DeFi Kingdoms is a game, a DEX, a potential liquidity pool and an exchange of rare utility NFTs . At the same time, all of the above is harmoniously combined in the form of a game with an old-fashioned 8-bit interface and set in a fantasy world.

DeFi Kingdoms is a game developed on the Harmony network and run in the browser. So to set up the system, all the players need is:

• A web browser compatible with MetaMask extensions such as Google Chrome, Mozilla FireFox, Brave or Microsoft Edge
• An amount of Harmony ONE tokens to cover transaction costs, as well as to convert into JEWEL tokens for in-game activities.

DeFi Kingdoms is an attractive blend of decentralized finance with a Play-to-earn mechanism. The project aims to become a common ecosystem, including the following features:

• The project's own token is the JEWEL token
• DEX . Decentralized Exchange
• Gardens and NFT assets (characters, equipment, and realms)
• Game operations can be performed with those NFTs.

Let's explore each feature one by one with CoinVN below.

Basic Features of DeFi Kingdoms

DeFi Kingdoms gameplay

Much of the gameplay in DeFi Kingdoms focuses on Hero characters with a rich quest system, and utility resources in the form of NFTs that can be collected during the game. In addition, players can also participate in combat missions as well as PVP mode.

Gamers can enter the Tavern to buy Heroes. For players who don't have enough JEWEL tokens to buy a Hero, they can invest what they have through the Bank (shared transaction fees on the DEX) or in the Garden (the liquidity pool) to start earning. get more JEWEL tokens. Of course, players will need to visit the Marketplace to trade JEWEL tokens from the get go.

Decentralized Exchange

At its core, DeFi Kingdoms has a decentralized exchange using the UniswapV2 protocol. One of the main reasons the community is attracted to blockchain technology is because of the investment opportunity. Therefore, the development team wanted to make the investment experience enjoyable for everyone in the game kingdom.

Besides, the Dev team shows its commitment by locking around 15,000 USD worth of ONE tokens to provide initial liquidity for the ONE/JEWEL pair.

Through the Market, players can exchange tokens at the current exchange rate. Players can also become liquidity providers by adding liquidity to any token pool they want. This helps players earn bonuses every time someone trades those tokens. In addition, tokens from these liquidity pools can also be staked in the Gardens to earn JEWEL token rewards.

Another unique feature that DeFi Kingdoms offers is Bank. This is where players can deposit JEWEL tokens to receive xJEWEL shares. The Bank will receive a bonus from the DEX and periodically place buy orders in the market for more JEWEL tokens, which means that players' xJEWEL shares will always be worth more than the JEWEL tokens they invest in. In addition, each in-game transaction that uses JEWEL tokens will deduct a percentage into the Bank to further reward xJEWEL holders.

The Garden

Garden is the place to stake tokens that provide liquidity to receive JEWEL tokens. Just by staking liquidity pool tokens, investors have JEWEL tokens to buy rare NFTs and other in-game items. That's a special feature of the game, and the mechanics are really fun.

The development team is building a world with epic Gardens. The Gardens will represent token pairs and act as liquidity pools. In each Garden (e.g. LP Pairs), the player can see which plots he owns (which are the plots with the player's crops). There, there will be gardeners busy tending to the players' plants (this represents a countdown between the time when blocks are mined). When the harvest is complete, the gardener will divide the yield to the players in proportion to the JEWEL token portion of the mined block. By using in-game items, players have many ways to increase their yield, as well as increase the reward of JEWEL tokens.

Characters in the game

The DeFi Kingdoms project is taking it a step further than the standard NFTs on the market as the game's NFT characters will be playable, upgradeable and earn extra JEWEL tokens from they. These NFTs are not just for show, they are also one of the main features in the game. As designated characters go on quests, fight in PVP, or wear gear to maximize their power stats, they level up and help players earn tokens throughout the game's journey.

Summon and trade

Heroes are summoned through a Portal with each Hero being a unique character. With the mechanics in DeFi Kingdoms, there are nearly endless possibilities for randomly mixing the parts that make up each Hero NFT. Therefore, no two Heroes will be the same in both stats and appearance.

Besides, the Tavern is a place to buy and sell Heroes. Players can also rent out their Hero in the Tavern, other players need to use a summon to use that Hero.

In addition, gamers can also summon new characters by combining genes from their own Heroes. With the summon function, players won't be able to know exactly what type of Hero will step out of the Portal next. It also means that players can call out an extremely rare and high transaction value NFT.

Genomes of Heroes

Every Hero has 2 sets of genes, one for their appearance and one for their attributes (such as occupation, type, detailed skill set, passive and active skills). The newly summoned Hero will randomly obtain genes from both Original Heroes. In addition, players also have the opportunity to unlock genetic mutant characters, with new and rare types and skills.

Equipment

Characters will be able to find and equip valuable NFT gear. They will give the characters special passive and active skills and increase the power stats of these Heroes.

Strength stat

Heroes will have different power stats, each of which will bring a unique advantage in performing quests. As Heroes gain experience and level up, these stats also increase.

Missons

Heroes can perform different tasks in the kingdom, of which there are 2 main types: career quests and exploration quests. Career quests allow characters to gather resources and in-game currency, and either gain experience points or increase the yield from their Gardens. Exploration quests will be PVE quests that reveal the backstory, lore, and reward players with a variety of items.

Pets

Sometimes, Heroes will find eggs. These eggs can hatch into rare pets and will accompany them on their journey. These pets have the ability to provide players with bonuses according to stats, passive skills, etc.

PVP mode

Heroes can participate in periodic tournaments in groups of 3 to compete with other players for JEWEL prizes.

Tavern

Tavern is a place players visit when they want to buy, sell or rent a character, as well as send the character to another player. Besides, gamers can also go here to see the list of Heroes in the game world.

Career system

The resources found from career quests have a variety of uses. For example, some fish can be used as potions to use in adventure quests. Others, such as pet eggs, can be used to create a companion pet (NFT). In general, everything can be sold for money, which can then be used to buy certain items.

Occupations currently in the game:

• Mining: These career characters have the ability to mine JEWEL and gold in the game.
• Gardening: This career route is for characters who are tasked with taking care of JEWEL plants in the Garden.
• Foraging: These career characters have the task of exploring the forest and finding resources in the forest.
• Fishing: The characters of this career line have the ability to catch seafood.

Bank

Bank is where JEWEL tokens are staked to receive rewards from transaction fees. When the player deposits his JEWEL in the Bank, the player will receive xJEWEL proportionally (can be found in the narrator's catalog). The ratio of xJEWEL to JEWEL will increase over time. When players withdraw, they will receive JEWEL redeemed at the rate at that time. Since this rate never decreases, players never receive less JEWEL than they deposited. Investors can deposit and withdraw at any time with no fees.

Portals

Portal is where new Heroes are summoned, each summoning costs two Heroes. Besides, genetics will affect the new type of Hero created. Specifically, the character types, skill systems, strength stats, rarity and career routes of both these Heroes will be transferred to the new Hero. During the summoning process, there may be genetic mutations and unexpected rare Hero results.

To summon, the player must own at least one Hero. The second Hero can be rented from another player or is another Hero owned by the player. The interface of the Arch Druid allows the player to select these Heroes, as well as spend more resources to increase the power stats of the new Hero (applicable only when summoning a Hero at a higher level).

Kingdoms

On the world map of DeFi Kingdoms, there will be a limited supply of land lots available for players to purchase. Not only occupying a piece of land for themselves, gamers can also build their Kingdom, invest in upgrades to create a sustainable resource for themselves. The player's lands will be marked by their Kingdom and clearly visible to other players on the map.

How to make money in DeFi Kingdoms

There are many and varied ways to play games and earn money on DeFi Kingdoms, so be sure to check out this guide to learn more about the options the project offers:

• Play-to-Earn: Focus on progressing, leveling up, and collecting in-game items and rewards
• Earn money from your characters through character rentals or sales
• Earn money from items earned through trading on the exchange
• Provide liquidity to Banks or Gardens for staking and farming rewards
• Own and trade virtual lands belonging to the Kingdoms in the game
• Mining resources from the Kingdom that the player owns.

DeFi Kingdoms Development Team

The 12 members of the DeFi Kingdoms project development team are transparent with some information, but still choose to remain anonymous. Team members make their wallet addresses public as well as social media information. However, they use nicknames like Frisky Fox, Professor Tango, Jericho Splendershoes… and no one knows who they are.

Artemis Protocol, a multi-product DeFi protocol by Harmony, has partnered with DeFi Kingdoms as a launchpad to launch the project. In addition, DeFi Kingdoms has also been audited by Solidity Finance.

Development plan

DeFi Kingdoms will continue to evolve with new crosschain features, systems, maps, and expansions. The following roadmap shows the expected milestones in the development process:

Stage 0.5: Creating a community

In the pre-launch phase, the development team will focus on building the community as well as creating excitement for the community before the project launch event:

• Discord Community
• Twitter account
• Whitepaper
• Gitbook Documentation
• Webpage
• Medium article about tokenomics and upcoming features

Phase 1: Launch of the central city and JEWEL token

Released Capital City map and game interface, including Bank, trading floor, Gardens, as well as future Tavern buildings, Portals and real estate offices.

The first launch phase will revolve around the new token JEWEL token and decentralized exchange, as well as opening Bank and staking to earn JEWEL tokens.

• Decentralized exchange (UniswapV2 protocol)
• Launch the JEWEL token
• Staking liquidity to earn JEWEL tokens
• JEWEL Investment Bank
• JEWEL tokens will be airdropped to the first 1000 people who join the Discord channel and verify their accounts

Stage 2: Characters and quests

The second major phase will see Heroes come to the world of DeFi Kingdoms, along with a host of exciting things.

NFT Heroes:

• Strength stat
• Tradeable
• Can gain experience
• 50 Hero Gen 0 was given to random winners from those who have at least 5,000 xJEWEL tokens in their Bank balance before September 15, 2021 (Each player is required to have at least 5,000 xJEWEL in Bank to get a random draw.Addresses get 2 extra spins for each multiple of the 5,000 xJEWEL they have, in addition to the first).

Heroes will be assigned to perform quests to earn experience and items.

Task types:

• Occupation: The characters belong to one of the career lines which are mining, gardening, foraging and fishing. They will mine in-game items, currency to get experience points. Mining and gardening can even reward players with an extra JEWEL.
• Burglar/PVE: Hit dungeons for items and experience points (scheduled to launch in stage 6).

Stage 3: Kingdoms and vacant land

In the third major phase, the fog of war on the world map will be pushed back, revealing mountains, oceans, deserts, dungeons, and Kingdom plots available for purchase.

• Land Auction
• Expanded world map
• 25 Kingdom plots were given to random winners from those with at least 5,000 xJEWEL tokens in their Bank balance as of 11/13/2021 (For every additional 5000 xJEWEL a player has in Bank, they will receive 2 more draws in the drawing of the random winners.)
• 25 Kingdom plots were given to random winners from those with at least 1,000 xJEWEL tokens in their Bank balance by 11/13/2021. Additional snapshots were taken every 8 to 12 hours for 4 weeks, and ended on 11/12/2021. The total number of turns is determined by the average number of xJEWELs across all snapshots for all eligible holders in the initial snapshot (for each additional 1,000 xJEWELs a player has in the Bank, they will receive get 2 extra turns).

Stage 4: Buildings

Players can build buildings in their Kingdom and upgrade to increase bonuses. Resource mining buildings can be built next to resource nodes. As a result, the player's Kingdom can begin to accumulate the resources they need to build more buildings and craft rare equipment for the Heroes.

Other buildings can provide passive bonuses to the player's Heroes, improving mission efficiency as well as Hero's power stats. Meanwhile, another stat can allow players to achieve a higher multiplier on Garden staking rewards. Buildings are a fun way to increase player performance in the game.

Stage 5: Equipment

Heroes can craft, equip, and trade NFT equipment. These devices range in rarity from common to mythical, granting new passive and active skills to the player's Heroes, as well as increasing their power stats.

Information about Amulet bonus lottery:

• 100 Mythical Amulets for lottery winners holding an average of 5000 xJEWEL from December 15 to January 15.
• Legendary 200 Amulet for lottery winners holding an average of 1000 xJEWEL from Dec 15 to Jan 15.
• Rare 500 Amulets for lottery winners who hold an average of 100 xJEWEL from Dec 15 to Jan 15.

Each extra multiple will get 2 more draws in the lottery and the player can only win 1 of the prizes. Snapshots will be taken several times a day through an automated bot and will be averaged at the end of the program. To be eligible for the snapshot, players must have at least 100 xJEWELs by December 15.

Stage 6: Combat system, PVE and PVP

Hero can form 3-man teams and compete against each other in regular PVP tournaments, to win JEWEL prizes.

Advisors, investors and partners of the DeFi Kingdoms project

No specific information yet.

Overview of the JEWEL . token

What is the JEWEL token?

The JEWEL token is the utility and governance token of DeFi Kingdoms. JEWEL tokens can only be purchased at the in-game exchange. However, players need to connect a wallet with Harmony's ONE token to start playing the game and pay for the transaction fees.

For each JEWEL transaction, a percentage of JEWEL is deposited in the Bank to reward xJEWEL holders, add to the crowdfunding, return as a quest reward, and are used to fund development costs . In addition to in-game use, the JEWEL token is also a governance token for owners who can participate in the development of the project.

JEWEL tokens have a hard cap of 500,000,000 tokens. Among them, 10,000,000 JEWEL tokens were pre-mined and distributed as follows:

• 5,000,000 JEWEL: Allocated to fund future development of the game. 
• 2,000,000 JEWEL: Allocated to promote the project, including marketing, airdrops… 
• 2,000,000 JEWEL: Allocated for initial liquidity. 
• 1,000,000 JEWEL: Allocated to the founding team based on their work.

JEWEL Token Basic Indicators

• Project name: DeFi Kingdoms
• Token Name: JEWEL
• Contract address on Harmony: one1wt…qpy0eyd6n0
• Total Supply: 500,000,000 JEWEL
• Amount of tokens created: 320,111,120 JEWEL
• Current token flow (developer information, unconfirmed – 13/01/2022): 62,752,130 JEWEL
• Market capitalization (information from developer, unconfirmed – January 13, 2022): USD 1,302,775,898
• Total trading volume in 24 hours: 237,945 USD
• Price per token (January 13, 2022): 20.89 USD

Functions of the JEWEL . token

• Pay for in-game activities such as creating and summoning characters, upgrading characters and items, crafting items, using other players' rented characters, upgrading buildings, etc.
• In-game currency for trading on the exchange of characters, items, land, etc.
• Rewards from in-game stakes and investments in Bank or Garden
• Rewards from character exploration quests and career quests
• The governance function allows token holders to participate in the changes of the DeFi Kingdoms project.

Where can JEWEL tokens be bought and sold?

JEWEL tokens can only be purchased in-game. However, investors can purchase Harmony's ONE token through the KuCoin exchange, similar to buying another cryptocurrency. 

Users can place a market buy order or a limit buy order. With a limit buy order, the investor determines the price he is willing to pay, the investor's order is completed when the token price reaches their limit price. If an investor wants to get their token quickly, they can place a market order, where they agree to pay the current price and their order is completed almost instantly. If investors are interested in buying ONE, visit KuCoin or Gate.io.

The future of the DeFi Kingdoms project. Should I invest in JEWEL tokens?

According to Footprint Analytics, DeFi Kingdoms has grown to over 20,000 users by December 26, 2021, just 4 months since its launch.

Compared to Axie Infinity (a hugely successful Play-to-earn game), DeFi Kingdoms focuses more on finance and token generation than on gameplay. While Axie Infinity feels like a game that offers crypto investment opportunities, DeFi Kingdoms is more like a crypto investment platform turned into a fantasy RPG.

The developers of DeFi Kingdoms are working on creating new elements in the game to enhance the gameplay, making the project less like a DEX and more of a traditional RPG. If they succeed, the project will have a promising future, as does the Harmony blockchain, which operates the project.

summary

DeFi Kingdoms has been growing, as well as achieving many important milestones. As mentioned, the biggest problem with the project is that the development team remains anonymous. This game project is one of the biggest on Harmony, but lacks partnerships. Also, the gameplay is still under development. Therefore, players can only buy tokens, participate in staking and liquidity pools. 

There are many blockchain projects with anonymous development teams that are at risk of rug pull, so investors must always take precautions. However, if the gameplay is successful, DeFi Kingdoms can easily dominate the GameFi market.

For the earliest updates on the DeFi Kingdoms project, readers should visit the following communication channels:

Website | Project Information | Twitter | Telegram | Medium | Discord | Youtube | Instagram | Facebook

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