DeFi Kingdoms is a web-based blockchain game that uniquely blends various DeFi components in an engaging manner. It seamlessly integrates gameplay with a decentralized exchange, an NFT marketplace, and opportunities for liquidity pooling, all set against a backdrop of nostalgic pixel art. This combination of decentralized finance elements and classic game design gives DeFi Kingdoms its distinctive appeal. The creators aim to "unlock the full possibilities of blockchain through gaming" and bridge the gap between gaming and decentralized finance.
Initially launched on the Harmony network in August 2021, DeFi Kingdoms expanded its realm with the introduction of Crystalvale on the DFK Chain, an Avalanche Subnet, in March 2022. By December 2022, the Serendale realm had transitioned to the Klaytn blockchain.
What Sets DeFi Kingdoms Apart?
DeFi Kingdoms is distinguished by its innovative combination of DeFi features with gaming elements. Unlike many other games that attempt similar integrations, this blend feels seamless and intuitive within DeFi Kingdoms. Several standout features contribute to this natural synergy.
The game's decentralized exchange employs the Uniswap V2 Protocol, enabling players to trade tokens and become liquidity providers, thereby earning fees from token swaps.
Players can also stake LP tokens in The Gardens, where they earn rewards for purchasing rare NFTs and other in-game items. The Gardens are creatively represented with various plants and crops that players must cultivate and harvest to gain their rewards. Each garden corresponds to a distinct LP pairing, with the harvested yield stored in the storehouse.
How Many JEWEL Tokens Are Circulating in DeFi Kingdoms?
Following a revamp of its tokenomics in December 2022, JEWEL has become an ecosystem and utility token used across different realms. It serves as the native gas token on the DFK Chain and is utilized for liquidity pooling, staking for governance rights, earning fee distribution rewards, and activating in-game Power-Ups.
When DeFi Kingdoms: Serendale relaunched on the Klaytn network, the tokenomics of JEWEL were adjusted, reducing its maximum supply from 500 million to 125 million tokens, all of which have already been minted. In-game activities and gas use on the DFK Chain result in token burns, contributing to JEWEL's deflationary nature.
Additionally, the circulating supply of JEWEL decreases when players opt to lock JEWEL in exchange for governance tokens, following the Curve veToken model.
Who Develops DeFi Kingdoms?
DeFi Kingdoms is developed and maintained by the team at Kingdom Studios. The team members typically use pseudonyms, a common practice in community-driven projects, as seen with SushiSwap and LooksRare. Despite this, the team regularly holds weekly AMAs on Discord and YouTube, and many members have chosen to reveal their identities during live-streams.
The Kingdom Studios Board of Directors includes:
- Dreamer, President and Director of Revenue and Operations
- Frisky Fox, Co-Founder and Director of Blockchain
- Beetle Dude, Director of Application
Other key leaders are:
- Pie Face, Co-Founder and Director of Digital
- Bolon Soron, Director of Player Engagement
To build trust, the team has implemented several measures, such as verifying smart contracts on the blockchain, undergoing audits, and exclusively using multi-signature wallets and vesting for JEWEL tokens.
Where Can JEWEL Tokens Be Purchased?
JEWEL is primarily available on DeFi Kingdoms' decentralized exchanges on the DFK Chain and Klaytn. Additionally, it can be bought on exchanges like MEXC, BigONE, Hotbit, and CoinEx.
For more information on how to begin purchasing cryptocurrencies, you can refer to our detailed guide.
