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Cryptosnake: New DeFi NFT Game Based on Snake

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In current months, DeFi-based non-fungible token (NFT) video games have been pumping to document highs, accumulating tens of hundreds of customers globally. 

They undertake the play-to-earn enterprise mannequin that enables players to earn crypto rewards whereas enjoying their favourite video games. 

There are hundreds of NFT video games already out there, and extra are being launched day by day. But even with the lengthy checklist of video games out there, blockchain players are nonetheless in search of one thing that enables them to earn extra rewards. And now Cryptosnake goals to reside up to that expectation. 

What is Cryptosnake?

Cryptosnake is an NFT-focused blockchain sport based mostly on the straightforward but traditional “Snake” from the 2000s.

The sport’s idea includes a snake that has to “eat” bricks to develop. Players direct the snake in order that it doesn’t collide with both the obstacles within the sport or its physique. The sport’s issue will increase because the snake’s size grows. 

Although this sport has been tailored to completely different gadgets, with builders making an attempt to give you new concepts to make it extra interesting, the fundamental idea stays unchanged.

But now, Cryptosnake is aiming to evoke that feeling of nostalgia and on the similar time introduce a manner for gamers to earn actual cryptocurrencies whereas enjoying the sport.

How Does it Work?

Cryptosnake affords engaging and diversified revenue streams out there. The major supply of revenue is derived from rising the snake, and that includes feeding it tokens supplied on the enjoying area.

Players earn a passive annual share price (APR) by staking their SNAKE tokens, and the speed grows if the snake is extra pumped.

Additionally, players can improve their APR by accumulating the various out there bonuses within the sport corresponding to one which rewards you for spending extra time.

Interestingly, the sport integrates halving into its protocol. Every six months, the APR will likely be minimize in half, and this provides early customers a bonus.

cryptosnake1

Finding or shopping for sport artifacts is one other manner that gamers earn from Cryptosnake. The artifacts, which embody diamond, snake hunter, snake charmer, shadow snake, rainbow unicorn, and extra, act like parts or boosters to improve the snake’s profitability. They are restricted in quantity, making them extra precious.

Another revenue stream comes within the type of a reward system the place 30% of the primary transactions performed by new gamers within the sport are distributed amongst outdated gamers. 

In this case, gamers don’t even have to invite anybody to the sport to earn a reward. The solely manner gamers can be certain that they get this reward is by becoming a member of the sport in its early levels.

Cryptosnake is additionally designed in such a manner that not solely the in-game forex is a non-fungible token (NFT) however each sport asset, together with the artifacts and the snakes themselves.

This permits gamers to purchase and promote any in-game object on {the marketplace} and earn actual cash from them.

How to Participate

Currently, Cryptosnake has not been formally launched, but it surely is within the remaining levels of growth and is scheduled to go reside on November 30, 2021.

However, early followers of the sport can be part of the venture’s neighborhood and stand the prospect of receiving bonuses within the type of the SNAKE token, which is able to subsequently be despatched to their registered Cryptosnake digital wallets when the sport lastly launches.

Tokenomics: What is SNAKE token?

SNAKE is the native utility token of Cryptosnake. It is based mostly on the Binance Smart Chain (BSC) community and might be exchanged for different BSC-based currencies.

It has a provide cap of 10 billion tokens, with an preliminary distribution of 100 million SNAKE tokens, which will likely be out there on PancakeSwap for a presale, permitting buyers and different market contributors to buy the token at an early stage of the venture launch.

The remaining tokens, 9.9 billion SNAKE will function staking tokens and will likely be elastically issued the second the NFT is damaged (when the snake is destroyed) and transformed into SNAKE tokens at market alternate charges. New tokens can even be issued on the time of staking curiosity accrual.

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