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About DeFi Kingdoms
Key Points
- DeFi Kingdoms is a blockchain game combining DeFi elements with fantasy pixel art.
- Launched on Harmony in August 2021, and later on DFK Chain and Klaytn.
- Unique features include decentralized exchange, NFT marketplace, and liquidity pool opportunities.
- JEWEL token is the ecosystem and utility token, used for liquidity pooling, staking, and in-game Power-Ups.
- Total supply of JEWEL tokens is 125 million, with a circulating supply reduced by token burns and voluntary locking.
- Developed by Kingdom Studios, with a team operating under pseudonyms.
- JEWEL tokens
In the Realm of DeFi Kingdoms
Introducing DeFi Kingdoms: A Realm of Decentralized Finance
DeFi Kingdoms is a captivating browser-based blockchain game that seamlessly integrates multiple DeFi elements, culminating in a unique and engaging experience. By merging a decentralized exchange (DEX), a vibrant NFT marketplace, and lucrative liquidity pool opportunities, the game presents a distinctive fusion of DeFi and retro gaming aesthetics, replete with fantasy pixel art. The visionary team behind DeFi Kingdoms aims to “unlock the full potential of blockchain technology in a gaming format” and forge innovative synergies between the realms of gaming and decentralized finance.
Initially debuting on Harmony in August 2021, DeFi Kingdoms subsequently expanded its realm to Crystalvale on DFK Chain, an Avalanche Subnet, in March 2022, and later migrated its Serendale realm to the Klaytn blockchain in December 2022.
Unveiling the Unparalleled Essence of DeFi Kingdoms
Preeminent among its peers, DeFi Kingdoms distinguishes itself through the ingenious fusion of DeFi functionality and engaging game elements. Unlike numerous other games that have attempted to incorporate similar features, the amalgamation of financialization and gaming in DeFi Kingdoms feels remarkably organic. This synergy is further facilitated by several pivotal features of DeFi Kingdoms.
Its decentralized exchange leverages the Uniswap V2 Protocol, empowering players to seamlessly swap tokens and assume the role of liquidity providers, thereby earning fees on token swaps.
LP tokens can also be staked in The Gardens, a distinctive realm where players are rewarded with tokens for acquiring rare NFTs and other coveted items. This innovative ecosystem is visually represented through a diverse array of plants and crops, which players must nurture and harvest to reap their rewards. Each garden embodies a unique LP pairing, and the harvested yield is deposited in the storehouse, awaiting collection.
What Is the Circulating Supply of DeFi Kingdoms (JEWEL) Tokens?
Following the December 2022 overhaul of DeFi Kingdoms’ tokenomics, JEWEL has evolved into a multifaceted ecosystem and utility token, seamlessly integrating across realms. Beyond serving as the native gas token on DFK Chain, JEWEL facilitates liquidity pooling, enables staking for governance rights, and presents opportunities for fee distribution, while also powering in-game Power-Ups.
Upon its relaunch on Klaytn, DeFi Kingdoms: Serendale underwent a significant transformation, notably a tokenomics overhaul of the JEWEL token. The maximum supply was drastically reduced from 500 million tokens to 125 million tokens, with all tokens already minted. Furthermore, the total supply is poised to decrease further, driven by token burns resulting from in-game activities and gas utilization on the DFK Chain, thereby rendering JEWEL a deflationary token.
The circulating supply of JEWEL is further diminished by players who opt to voluntarily lock up their JEWEL holdings in exchange for governance tokens, mirroring Curve’s innovative veToken model.
The Visionary Minds Behind DeFi Kingdoms: Meet the Developers
DeFi Kingdoms is meticulously maintained and developed by Kingdom Studios, a team that, akin to other community-driven projects such as SushiSwap and LooksRare, operates under pseudonyms. Notwithstanding, the team fosters transparency by hosting weekly AMAs on Discord and YouTube, with many members voluntarily revealing their identities during live streams.
The esteemed Kingdom Studios Board of Directors comprises:
- Dreamer, President and Director of Revenue and Operations, spearheading the organization’s strategic vision
- Frisky Fox, Co-Founder and Director of Blockchain, pioneering the development of decentralized solutions
- Beetle Dude, Director of Application, driving innovation in software development
Notable pillar heads comprise:
- Pie Face, Co-Founder and Director of Digital Strategy
- Bolon Soron, Director of Player Experience and Engagement
The team has outlined several trust-building measures, including the on-chain verification of smart contracts, seeking out rigorous audits, and the exclusive utilization of multi-signature wallets and vesting on JEWEL tokens, thereby fostering a secure and transparent environment.
Where to Acquire DeFi Kingdoms (JEWEL) Tokens
JEWEL is predominantly accessible via DeFi Kingdoms’ decentralized exchanges on DFK Chain and Klaytn, with additional availability for purchase on prominent cryptocurrency platforms, including MEXC, BigONE, Hotbit, and CoinEx.
For those seeking to delve into the world of cryptocurrency investment, our comprehensive guide provides a wealth of information on how to initiate your cryptocurrency-buying journey.
In the realm of DeFi Kingdoms, heroes transcend the boundaries of conventional NFTs, boasting the unique distinction of being playable entities.
Within the realm of the game, characters can earn token rewards and ascend to new heights, leveling up their stats in the process. As a pivotal feature, they embark on quests and engage in battles across diverse gameplay modes, including the thrilling DFK Duel minigame. These heroes can be acquired and traded in The Tavern, while new, potentially extremely rare, NFT heroes can be summoned at the Portal by combining genes from existing heroes. Furthermore, players can equip their heroes with Pets and various Equipment NFTs, granting them access to special passive and active abilities. By undertaking quests, heroes can gather in-game resources, boost their farming yields from the Gardens, and unlock rewards prematurely with the assistance of Mining Heroes.
Within the realm of DeFi Kingdoms, players are afforded the opportunity to acquire Land Plots, each distinguished by its unique location and corresponding resource yields. In the future, players will be granted the liberty to construct upon their lands, thereby augmenting bonuses for their Heroes. Furthermore, land ownership will empower players to discover novel, valuable resources, which can be leveraged in Crafting and other game modes.
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