My DeFi Pet ár 

DPET

My DeFi Pet was launched in April 2021 by a Vietnamese team, which is also behind 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.

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.

DPET itself is a BEP-20 token on the 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 and Polkadot. Recently, it also integrated a VRF function from Chainlink to guarantee 100% randomness in its game.

BSC is secured through the proof-of-stake 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.

DPET is available on PancakeSwap, Gate.io and Kucoin. If you want to learn more about how to start buying cryptocurrencies, you can read more here in our guide.

As the game has grown in popularity, DPET to PHP price has increased dramatically in the Philippines.

Check out Axie Infinity (AXS) – another pet-oriented trading game incorporating NFTs.

Check out CryptoZoon (ZOON) — a Pokémon-inspired NFT trading game.

Learn how NFTs work in our guide to non-fungible tokens.

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