DeFi Kingdoms price

JEWEL

#1043

First and foremost, DeFi Kingdoms stands out thanks to the clever integration of DeFi functionality with game elements. In contrast to countless other games incorporating similar features, the combination of financialization and gaming feels natural on DeFi Kingdoms. This is aided by the several key features of DeFi Kingdoms.

Its decentralized exchange uses the Uniswap V2 Protocol and allows players to swap tokens and become a liquidity provider to earn fees on token swaps.

LP tokens can also be staked in The Gardens, where players can receive tokens for buying rare NFTs and other items. The Gardens are visualized in a unique way through different plants and crops the players have to tend to and harvest to receive their rewards. Each garden is a unique LP pairing and harvested yield is deposited in the storehouse.

With changes to the DeFi Kingdoms tokenomics in December 2022, JEWEL is now an ecosystem and utility token that is used across realms. In addition to being the native gas token on DFK Chain, JEWEL is used for liquidity pooling, staking for governance rights, fee distribution opportunities, and in-game Power-Ups.

When DeFi Kingdoms: Serendale relaunched on Klaytn, it also changed the tokenomics of the JEWEL token, reducing its maximum supply from 500 million tokens to 125 million tokens, all of which have been minted. With token burns from in-game activities and use of gas on DFK Chain, the total supply will continue to be reduced, making JEWEL a deflationary token.

The circulating supply of JEWEL is further reduced by players who voluntarily lock JEWEL in exchange for governance tokens following Curve's veToken model.

DeFi Kingdoms is maintained and developed by Kingdom Studios. Members of the team operate under pseudonyms, a common feature in community-driven projects as the examples of SushiSwap and LooksRare show. Nevertheless, the team hosts weekly AMAs in Discord and on YouTube, and many team members have voluntarily doxxed on live-stream.

The Kingdom Studios Board of Directors consists of:

• Dreamer, President and Director of Revenue and Operations
• Frisky Fox, Co-Founder and Director of Blockchain
• Beetle Dude, Director of Application

Other pillar heads include:

• Pie Face, Co-Founder and Director of Digital
• Bolon Soron, Director of Player Engagement

The team has outlined several trust-building measures, including verifying smart contracts on chain, seeking out audits, and the exclusive use of multi-signature wallets and vesting on JEWEL tokens.

JEWEL is primarily available through DeFi Kingdoms' decentralized exchanges on DFK Chain and Klaytn. It can also be purchased on MEXC, BigONE, Hotbit, and CoinEx.

If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

Check out The Sandbox (SAND) — an open-world blockchain game inspired by Minecraft.

Check out MyNeighborAlice (ALICE) — a farming-themed blockchain game.

Read our list of the top play-to-earn games.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.