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DeFi Land, the play-to-earn recreation that teaches the mechanism behind the DeFi world, has formally closed its IDO on Raydium, Gate.io and Solanium, with its DFL token scheduled for itemizing and buying and selling on November 24 at 4 PM UTC.
DeFi Land might be thought of as a gamified interface for DeFi, quite than a stand-alone recreation.
DeFi Land’s public sale of 100,000,000 tokens, 1% of DFL complete provide, has been concluded with 0.7% offered on Raydium, 0.1% on Gate.io and 0.2% on Solanium.
The Solana-backed crypto recreation’s governance token, DFL, is now going to be listed on FTX, Gate.io, Raydium and Serum on November 24, with different listings to comply with.
As Play-to-Earn video games are triggering pleasure for the crypto ecosystem, DeFi Land goals to take the “DeFi degen” tradition of farming and successfully “taking part in” with property to earn cash, and switch it right into a literal farming recreation.
DeFi Land is structured as a farming simulation the place every token is represented by a flower or a plant. By managing their digital farm and cultivating completely different merchandise, players will earn an actual yield from their discipline’s progress whereas additionally increasing their information in regards to the DeFi world and its nuances. DeFi Land relies on Solana however is aiming for cross-chain interactivity, and it’s already linked with the main DeFi platforms and farms on Solana. DeFi Land goals to be the gateway into the world of farming for crypto-newbies, for whom diving into the present DeFi ecosystem could also be overwhelming at first. The sport additionally affords a “follow mode” the place players can find out about crypto buying and selling and farming utilizing faux property.
The DFL token would be the gas of the platform, enabling customers to manipulate the sport, stake to earn further rewards, craft in-game NFTs and extra. The mission is backed by Play-to-Earn and Solana heavyweights together with Bounce Capital, Alameda, and Animoca.
DFL Erwin, DeFi Land’s mission lead, mentioned:
“We’re thrilled to announce the general public sale of DeFi Land tokens. DFL can be used to manipulate our recreation, stake, commerce and craft NFTs and extra. Our group can count on varied in-game use circumstances for our token, which is able to give them a number of methods of incomes and studying.”
GammaRay, co-lead of Raydium, added:
“DeFi Land is bringing an entire new degree of Play-to-Earn gamification to DeFi. Not solely will it assist onboard new customers whereas driving liquidity and quantity on Solana, it’s additionally going to be a ton of enjoyable. Raydium is tremendous excited for this launch on AcceleRaytor”
An FTX consultant added:
“The FTX crew is happy to see the continued progress of blockchain gaming and thinks Defi Land suits a very good area of interest on this vertical.”
DeFi Land is a multi-chain agriculture-simulation web-game created to gamify decentralized finance. The sport aggregates all decentralized finance platforms, turning them right into a hybrid Play-to-Earn recreation and DeFi interface for Solana and different chains.
Raydium is an automatic market maker (AMM) constructed on the Solana blockchain which leverages the central order guide of the Serum decentralized alternate (DEX) to allow lightning-fast trades, shared liquidity and new options for incomes yield.
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