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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 1000’s 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 1000’s of NFT video games already available in the market, and extra are being launched daily. But even with the lengthy checklist of video games obtainable, blockchain players are nonetheless searching for one thing that enables them to earn extra rewards. And now Cryptosnake goals to stay up to that expectation. 

What is Cryptosnake?

Cryptosnake is an NFT-focused blockchain sport based mostly on the straightforward but basic “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 problem will increase because the snake’s size grows. 

Although this sport has been tailored to totally different gadgets, with builders attempting to provide you with 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 method for gamers to earn actual cryptocurrencies whereas enjoying the sport.

How Does it Work?

Cryptosnake affords attractive and diversified revenue streams obtainable. The predominant supply of revenue is derived from rising the snake, and that includes feeding it tokens offered on the enjoying subject.

Players earn a passive annual proportion 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 numerous obtainable bonuses within the sport comparable to one which rewards you for spending extra time.

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

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Finding or shopping for sport artifacts is one other method that gamers earn from Cryptosnake. The artifacts, which embrace 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 beneficial.

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

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

Cryptosnake is additionally designed in such a method that not solely the in-game foreign money 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 phases of growth and is scheduled to go stay on November 30, 2021.

However, early followers of the sport can be a part of the venture’s group 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 could 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 can be obtainable on PancakeSwap for a presale, permitting buyers and different market members to buy the token at an early stage of the venture launch.

The remaining tokens, 9.9 billion SNAKE will function staking tokens and can 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 may even be issued on the time of staking curiosity accrual.

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