A Deep Dive Into My DeFi Pet (DPET)

To find out even more about this project, check out our deep dive of [My DeFi Pet](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-my-defi-pet).

## What Is My DeFi Pet (DPET)?

[My DeFi Pet](https://coinmarketcap.com/currencies/my-defi-pet/) is a lifestyle-based pet game combining [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) collectibles and [DeFi](https://coinmarketcap.com/alexandria/glossary/defi). The game has been described as a crossover of Pokémon and NFTs, ideally suited to pet lovers. The gameplay revolves around collecting, breeding and evolving NFT collectible pets, which all have individual characters. The game is set in “an enchanted land with mysterious creatures and objects for everyone to go on an adventure and discover the magic behind the mystic veil.”

My DeFi Pet launched on May 14, 2021, and has achieved impressive growth since, growing to 166,000 token holders and over 100,000 followers on Telegram and Twitter each as of August 2021. 

To achieve their goal of a game that gets mass-adopted, the team broke up the usual long-winded rhythm of collectible games, replacing it with seasons. 

The first season features a competition with a grand prize of 100,000 USDT. To win, players have to find the NFTs with the exact specifications as prescribed in the contract and then send these to the contract to claim the reward. The particular requirements will be decided after launch. Tentatively, the prize requires 10 legendary pets with maxed level.

Besides that, My DeFi Pet offers yield-farming in cooperation with other projects and plans to have battle and storage options. The release of these features and updates has been announced from Q3 2021. 


## Who Are the Founders of My DeFi Pet?

My DeFi Pet was launched in April 2021 by a Vietnamese team, which is also behind [KardiaChain](https://coinmarketcap.com/currencies/kardiachain/), the first interoperable blockchain in Vietnam and South East Asia. The CEO of My DeFi Pet Trim Pham is also the CEO of KardiaChain. COO Liem Thai is the CEO of Topebox, one of Vietnam’s leading game development studios. He boasts more than 15 years of experience in the game industry and media and 30 years as a passionate gamer. 

The other three team members that are part of the core team are also members of either KardiaChain or Topebox. My DeFi Pet is also backed by a four-man strong advisor team and a diverse group of venture capital funds, such as Animoca Brands (NFT-focused), Spark Digital (DeFi-focused), Axia 8 and Bixin Ventures (product development and strategies), and others. 


## What Makes My DeFi Pet Unique?

My DeFi Pet features intricate gameplay to keep players hooked. 

Players can obtain pets in two distinct ways. The first option is to summon them, that is obtaining a random egg by consuming a certain amount of DPET tokens. Alternatively, players can participate in auctions for a pet. A new pet is born every hour, and players can bid with DPET tokens for 24 hours. After the bidding period, any unclaimed pet will remain at the Altar for later purposes.

Players can also breed new pets by combining any two pets that will inherit their parents’ genes. That means entirely new pets can arise as a result of breeding, since the offspring inherits features from both parents. 

Pets have certain evolution levels and capabilities, so players can feed them DPET tokens to evolve their pets. Furthermore, pets can participate in battles and fight bosses to earn DPET tokens as a reward. A boss has 100 levels, and each boss level will appear 15 minutes after the previous boss is defeated or the time runs out. Pet Masters have 12 hours to defeat any boss levels before they run away. For the last boss, players have 48 hours.

My DeFi Pet will also have play-to-earn features and social features in the future and plans to release a mobile app before the launch of Season 2 in Q2 2022. 


#### **Related Pages:**

Check out [Axie Infinity (AXS)](https://coinmarketcap.com/currencies/axie-infinity/) – another pet-oriented trading game incorporating NFTs. 

Check out [CryptoZoon (ZOON)](https://coinmarketcap.com/currencies/cryptozoon/) — a Pokémon-inspired NFT trading game.

Learn how NFTs work in our [guide to non-fungible tokens](https://coinmarketcap.com/alexandria/article/what-is-a-non-fungible-token-nft).

Get the latest crypto news and latest trading insights with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


## How Many My DeFi Pet (DPET) Coins Are There in Circulation?

The total supply of DPET is 100 million. 21.875% were distributed in a private sale (vested at 10% per month) and 1.5625% in a public sale. 16.5% of the tokens go to the team but are locked for one year and then vested linearly for one year. 10% go to partners and are locked for six months, then vested linearly for one year. 3% go to advisors with the same vesting schedule. 1.25% serve as liquidity for the DEX, 18.8125% as reserve and 27% are reserved for marketing and vested at 5% per month.


## How Is the My DeFi Pet Network Secured?

DPET itself is a BEP-20 token on the [Binance Smart Chain](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain), while the game itself is running on the interoperable KardiaChain. The team states it wants to make DPET available on other blockchains as well and mentioned plans to launch on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and [Polkadot](https://coinmarketcap.com/alexandria/author/polkadot). Recently, it also integrated a VRF function from [Chainlink](https://coinmarketcap.com/currencies/chainlink/) to guarantee 100% randomness in its game. 

BSC is secured through the [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.


## When Will My DeFi Pet Trading Begin?

My DeFi Pet was launched on May 14, 2021, on [Pancakeswap](https://coinmarketcap.com/en/exchanges/pancakeswap-v2/).


## Where Can You Buy My DeFi Pet (DPET)?

DPET is available on [PancakeSwap](https://coinmarketcap.com/en/exchanges/pancakeswap-v2/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) and [Kucoin](https://coinmarketcap.com/exchanges/kucoin/). If you want to learn more about how to start buying cryptocurrencies, you can [read more here](https://coinmarketcap.com/how-to-buy-bitcoin/) in our guide. 

As the game has grown in popularity, [DPET to PHP price](https://coinmarketcap.com/currencies/my-defi-pet/dpet/php/) has increased dramatically in the Philippines.


My DeFi Pet

MetaMask

Binance Chain Wallet

BNB Smart Chain (BEP20)

PancakeSwap

Trust Wallet Token

SafePal

BinaryX

Bitcoin Bam

RealFevr

Monsta Infinite

NuriTopia

Okratech Token

BullPerks

Inflation Hedging Coin

milestoneBased

Edgeware

Dreams Quest

Heaven Token

Mar3 AI

Botopia.Finance

BSCM

Good Games Guild

Splinterlands is a digital, collectible card game based on blockchain technology and inspired by games like Magic the Gathering and Hearthstone, where players build a collection of cards with different attributes and battle other players in skills-based matches. It is a game where players can buy, sell and trade their digital assets just as they would with physical trading cards games such as Magic the Gathering, Pokémon and Yu-Gi-Oh!

Splinterlands was created as players lost the ability to truly own their assets (or trading cards) once games went digital. With blockchain technology, it allows players to own and trade their digital assets freely once again. It also allows the game to have true scarcity and transparency, which means all cards on Splinterlands have a verifiable supply and historical record.

Players battle other players by choosing ranked or practice battles. With ranked battles, players can increase their rating. There is no downside to playing ranked battles as a beginner since players with a rating below 100 do not lose ranking points. Battles take place between players of similar strength. When matched up with an opponent, both players choose a set of six monster cards and one summoner card for the battle to destroy all their opponent’s monster cards and win the battle.

Although the game is free-to-play, players need to purchase the summoner’s spellbook for $10 if they want to unlock the game in full. With the summoner’s spellbook, players get access to their account keys and unlock the ability to earn Dark Energy Crystals, which can be redeemed for real currency.

Splinterlands started in May 2018 and launched Splintershards (SPS) – its governance token for the SPS decentralized autonomous organization (DAO) at the end of July 2021. It concluded a $3.6M private token sale for 6.6% of the SPS token supply. After reaching 100,000 players in its first three years, it added another 50,000 in just over a month from June 2021. Splinterland plans to build out its game in the latter half of 2021, with oracle integration planned for Q1 2022.

Splintershards

GameCredits

EOSDT

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

GoChain

Bytom

CNNS

Validity

Ruff

AvatarCoin

Tachyon Protocol

Abyss

Kleros (PNK) is a decentralized dispute resolution project that launched in July 2018. It is an open-source online dispute resolution protocol that uses blockchain and crowdsourcing to adjudicate disputes fairly.

Kleros offers a middleman service for decentralized applications (DApps) and their users. If the service provided by the application does not create a dispute, Kleros acts as a trustless third-party service for payment.

When a dispute does occur, however, each party can apply for arbitration through the Kleros arbitrators that are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.

At this point, the jurors can make a decision that will favor either party. The arbitration fees are distributed to all arbitrators in the form of ETH; jurors who have issued a minority decision lose part of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed, at a cost. The stated mission of Kleros is to offer easier access to justice and improve individual freedom.

Kleros charges a cost that is payable in ETH and is provided by the parties to the dispute or drawn from the funds previously locked in escrow.

Kleros

Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.

The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.