Have you just discovered Defi Kingdoms and want to explore its hidden secrets? Well, we assure you this is the right place. We are going to answer your question What is Defi kingdoms roadmap? Or What do you do with gold in the Defi Kingdom? Scroll down, to begin with, the basics of this.
What is the Defi Kingdoms Game?
A play-to-earn and cross-chain MMORPG based on the DeFi system, DeFi Kingdoms is based on the DeFi system.DEXs, liquidity pool opportunities, and a market of rare, utility-driven NFTs all contribute to a gorgeous, immersive online environment in the form of fantasy pixel art.
Blockchains Harmony and DFK Chain are home to DeFi Kingdoms. The concept of a utility-based NFT is a gaming item that may be owned, exchanged, or sold is what separates this game from the rest.
The Harmony blockchain is used to power this game. In a nutshell, it’s a decentralized trade that’s turned into a game (DEX). Jewel, the native currency, has a market valuation of $1.1 billion. Yes, you read that right, users can trade crypto via Defi kingdoms. Isn’t that what we call brownie points?
Read this to learn about What is DeFi Kingdoms ONE
Where can I trade in DeFi kingdoms?
Increasing interest in the decentralized finance (DeFi) market has attracted cryptocurrency enthusiasts from around the world. DeFi, in its most basic form, is a name for financial apps built on blockchain technology to democratize the economy by displacing centralized institutions.
You need to get familiarised with JEWEL, the native token of DeFi Kingdoms which sources everything from purchasing the Heroes to liquidity mining. DeFi Kingdoms is built on two decentralized exchanges that run on the tried-and-true UniswapV2 Protocol.
With Harmony, DeFi Kingdoms: Serendale’s DEX trades in JEWEL, ONE, and a slew of other tokens, whereas on Avalanche, DeFi Kingdoms: Crystalvale’s DEX trades in CRYSTAL, AVAX, and a slew of other tokens. One of the key reasons we’re interested in blockchain is that we want to make investing exciting and pleasant for everyone within the realms.
In the marketplace, you will see trader, which by click would appear a window where start purchasing JEWEL and other tokens with the help of crypto wallets. If you don’t already have an account on crypto exchange platforms like Binance, etc, we highly recommend that you create one.
Now press ‘swap’ after entering the number of tokens you’d like to exchange for another, and the trade will be accomplished in a matter of seconds!
You will see three things in the window, at the bottom:
- “Minimum receive” refers to the guaranteed number of tokens that you will receive (at the very least).
- The price impact refers to the extent to which you will have an impact on the prices of the tokens in question.
- The liquidity provider fee is the reward that liquidity pool stakers will receive.
Note: If the price impact is too large (or in red), please think again about buying that much, since you will have a big impact on the price and won’t get as many tokens in return.
Let’s jump ahead to the roadmap of Defi kingdoms, now that you know how to roll those tokens.
What is DeFi Kingdoms Roadmap?
There are 6 phases that the roadmap contains and we have discussed them briefly below.
Phase 0.5 – Community
During the pre-launch phase, we’ll concentrate on growing the community and generating enthusiasm for the project’s launch.
- Discord Community
- Twitter Account
- White paper
- Gitbook Docs
- Medium articles about tokenomics and upcoming features
Phase 1 – Capital & JEWELs
The Capital City map and Game Interface have been released, along with structures for the future Hero Tavern, Summoning Portal, and Real Estate Office, as well as a functional Jeweler, Marketplace, and Gardens.
The new JEWEL currency and Decentralized Exchange, as well as launching the Jeweler and staking to earn JEWELs, will be the focus of the first launch phase.
- Launch of the JEWEL token on a decentralized exchange.
- To acquire JEWEL tokens, stake LP Tokens in the Gardens.
- The first 1000 persons who join the Discord channel and authenticate their accounts will receive JEWEL tokens as part of an airdrop.
Phase 2 – Heroes & Quests
Heroes will arrive in the realm of Defi Kingdoms in the second major phase, along with a variety of fascinating activities for them to partake in.
Phase 3 – Kingdoms & Land
During the third major phase, the fog of war on the world map will begin to progressively lift, revealing new zones and Kingdom plots.
- Expansion of the World Map
- Randomized victors were chosen from those who had at least 5,000 xJEWEL tokens in their wallet on November 13, 2021. (Each additional 5000 xJEWEL in a player’s wallet earned them two extra entries in the random winner drawing.)
- People who have at least 1,000 xJEWEL tokens in their wallet on November 13, 2021, were randomly selected to get 25 extra Kingdom Plots.
Phase 4 – Buildings
Within your kingdom, buildings can be constructed and renovated to boost their bonuses. Resource buildings can be constructed next to resource nodes to allow your kingdom to begin gathering the resources needed to construct new structures and produce rare equipment for heroes.
Other structures can grant passive boosts to your heroes, increasing their quest efficiency and stats. Others may allow you to increase your staking rewards multiplied in the gardens. Buildings are a fun and exciting method to boost your game’s performance.
Phase 5 – Equipment
Equipment NFTs can be crafted, equipped, and traded by heroes. These items range in rarity from Common to Mythic and will provide heroes with unique passive and active powers as well as boost their stats.
Phase 6 – The Battle System, PVE & PVP
Heroes will be able to establish three-person teams and play in regular PVP tournaments where JEWEL awards will be awarded.
We hope now you have a clear idea about the road of Defi Kingdoms. If you are still thinking about What do you do with gold in the Defi Kingdom? Well, just like in the real world, everything can be sold for gold, which can then be used to purchase certain items or traded for JEWEL with Trader Matoya.
Some of these features won’t be available right away, but once they are, you’ll be glad to have kept your Sailfish or Rockroot! Start playing to Know the Game.