Wanaka Farm is founded by a core team of five co-founders, four men and one woman all from Vietnam. The project’s CEO Truong Tran is an experienced blockchain developer with work experience at cryptocurrency and technology companies. CTO Thuan Nguyen also boasts blockchain development experience at Kyber Network and non-crypto-related tech companies. Head of Development Duc Hoang worked previously as CEO for the Japanese Mirabo JSC. CPO Sang Nguyen is an experienced game and VR/AR developer.

In total, the team numbers 12 people, all hailing from Vietnam and having experience in game development. Wanaka Farm is one of several Asian-based blockchain games that have been rising to popularity in the Binance ecosystem.

To start the game, players have to purchase land, which is limited in supply and created as NFT. After purchasing, players can decorate their land to their liking with various in-game items that can additionally be purchased. It’s also possible to rent land, with players having protection from smart contracts that make reselling land impossible.

Land will come in four basic types:

• Basic land
• Lake
• Forest
• Sea

\Initially, only basic land will be available for sale. Not every land is equally adapted to growing items, depending on its rarity level and the type of season attributed to it.

To farm, players will need seed items that can be purchased from the game’s store or secondary markets. Seed items will also be genetically modifiable. Items then pass through a “growing”, “harvested”, and “product” stage and can be used either for different quests at different stages or be traded after harvesting them. Harvested items can be combined and turned into product items, while pets can be crossbred to create new seed items.

A player’s avatar will have an energy level that depletes depending on the amount of farming done. Players can also improve their productivity rate by getting other players to farm for them. Lands will also have different levels of fertility, and players will be able to improve that through planting and irrigating trees, feeding and growing pets, and harvesting crops.

Players will be able to earn WANA by trading items on the Wanatrade marketplace, completing quests to earn rewards, staking WANA, or participating in the lottery systems.

The total supply of WANA is 500 million tokens. The token distribution is as follows:

• Public sale - 2.5% - valued at $0.04, vested over seven months, no lock 10% monthly unlock rate
• Private sale - 5.5% - valued at $0.024, vested over 12 months with a three-month lock, 10% monthly unlock rate
• Strategic partnerships - 6% - valued at $0.01, vested over 12 months, with a six-month lock, 15% monthly unlock rate
• Team and advisors - 20% - vested over 24 months, with a 12-month lock, 8.33% monthly unlock rate
• Staking rewards - 10% - vested over 59 months, 1.67% monthly unlock rate
• Community and marketing - 10% - vested over 59 months, 1.67% monthly unlock rate
• Reserves - 19% - vested over 60 months, with a 12-month lock, 2.08% monthly unlock rate
• Play-to-earn rewards - 25% - vested over 60 months, with a one-month lock, 1.69% monthly unlock rate
• DEX liquidity - 2%

WANA is a BEP-20 token on the Binance Smart Chain (BSC). The team chose BSC to have as many farmers as possible with the least amount of friction. Given the ecosystem’s growing popularity in this space and the low transaction costs BSC offers, the Wanaka Team opted for it. In the long run, though, the game is designed to become a multichain experience.

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.

Check out Axie Infinity (AXS) — a pet-oriented trading game incorporating NFTs.

Check out Binemon (BINE) — another play-to-earn NFT game.

Learn more about MOBOX — a NFT gaming ecosystem built on Binance Smart Chain.

Read CoinMarketCap’s list of the top 10 NFT games in 2021.

Get the latest crypto news and latest trading insights with CoinMarketCap’s education portal — Alexandria.