KittieFIGHT
#DeFi #Gaming #blockchain #YieldFarming #DeFi #ERC20 #Ethereum #IDO #DutchAuction #Uniswap #cryptocurrency #mmorg #NFTs #pressrelease #yfi #yfii
Another aspect making KittieFIGHT a unique breed is how it incorporates several aspects of decentralized finance, or DeFi. It is a very popular industry, attracting billions in value over the past few months. Combining this aspect with blockchain gaming can create very powerful and appealing projects. It is one of the aspects that makes KittieFIGHT worth keeping an eye on, although there are some other beneficial aspects too.
Other successful blockchain gaming efforts focus on digital collectibles. CryptoBeasties and CryptoKitties are by far the best-known examples. While successful, these games have not appeased investors all that much, they are primarily designed for gaming enthusiasts who happen to own cryptocurrency, catering to a more mainstream crowd will require a very different approach.
Contributors who provide liquidity will benefit from the “Volcano” incentive program. Incentivizing on-chain liquidity ensures onlookers can engage with the platform at any given time. Those who provide liquidity – right before the Dutch auction concludes – can earn up to 6,000% in additional KTY and DAO governance tokens. It is a crucial aspect of the initial launch, and one that will bestow ample governance power upon early contributors.
The KTY tokens – distributed during Volcano and later on – will be used as utility fee payments on the KittieFIGHT platform. Although the token is not required to be obtained to participate in the betting action, it is a valuable token to hold. Both long-term investors and DeFi yield farmers will benefit from what KTY brings to the table.
This betting aspect is another lucrative aspect of this new platform. While all fights are funded by an independent bank – funded by the lenders on the platform who receive a weekly yield in return – the goal is to make the initial jackpot swell to 10 times its normal size. Once the jackpot has reached this level, the winner will be decided, giving both players and lenders an extremely lucrative revenue stream.
KittieFIGHT will be a welcome addition to the blockchain gaming industry. Taking existing projects to a whole new level and introducing popular concepts on top of it will attract plenty of eyeballs. The Dutch auction is worth putting on anyone’s agenda, either to engage in the action or to witness the outcome and begin pitting collected CryptoKitties against one another.
About KTY Gamified token.
KTY Token Utility.
KittieFIGHT DAO tokens and ETHER rewards.
For more information
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