New DeFi NFT Game Based on Snake

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In recent months, DeFi-based non-fun­gi­ble token (NFT) games have been pump­ing to record highs, accu­mu­lat­ing tens of thou­sands of users globally. 

They adopt the play-to-earn busi­ness mod­el that allows gamers to earn cryp­to rewards while play­ing their favorite games. 

There are thou­sands of NFT games already in the mar­ket, and more are being launched every day. But even with the long list of games avail­able, blockchain gamers are still look­ing for some­thing that allows them to earn more rewards. And now Cryp­tosnake aims to live up to that expectation. 

What is Cryptosnake?

Cryp­tosnake is an NFT-focused blockchain game based on the sim­ple yet clas­sic “Snake” from the 2000s.

The game’s con­cept involves a snake that has to “eat” bricks to grow. Play­ers direct the snake so that it does not col­lide with either the obsta­cles in the game or its body. The game’s dif­fi­cul­ty increas­es as the snake’s length grows. 

Although this game has been adapt­ed to dif­fer­ent devices, with devel­op­ers try­ing to come up with new ideas to make it more appeal­ing, the basic con­cept remains unchanged.

But now, Cryp­tosnake is aim­ing to evoke that feel­ing of nos­tal­gia and at the same time intro­duce a way for play­ers to earn real cryp­tocur­ren­cies while play­ing the game.

How Does it Work?

Cryp­tosnake offers entic­ing and diver­si­fied income streams avail­able. The main source of income is derived from grow­ing the snake, and that involves feed­ing it tokens pro­vid­ed on the play­ing field.

Play­ers earn a pas­sive annu­al per­cent­age rate (APR) by stak­ing their SNAKE tokens, and the rate grows if the snake is more pumped.

Addi­tion­al­ly, gamers can increase their APR by accu­mu­lat­ing the many avail­able bonus­es in the game such as one which rewards you for spend­ing more time.

Inter­est­ing­ly, the game inte­grates halv­ing into its pro­to­col. Every six months, the APR will be cut in half, and this gives ear­ly users an advantage.

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Find­ing or buy­ing game arti­facts is anoth­er way that play­ers earn from Cryp­tosnake. The arti­facts, which include dia­mond, snake hunter, snake charmer, shad­ow snake, rain­bow uni­corn, and more, act like por­tions or boost­ers to increase the snake’s prof­itabil­i­ty. They are lim­it­ed in num­ber, mak­ing them more valuable.

Anoth­er income stream comes in the form of a reward sys­tem where 30% of the first trans­ac­tions con­duct­ed by new play­ers in the game are dis­trib­uted among old players. 

In this case, play­ers do not even have to invite any­one to the game to earn a reward. The only way play­ers can ensure that they get this reward is by join­ing the game in its ear­ly stages.

Cryp­tosnake is also designed in such a way that not only the in-game cur­ren­cy is a non-fun­gi­ble token (NFT) but every game asset, includ­ing the arti­facts and the snakes themselves.

This allows play­ers to buy and sell any in-game object on the mar­ket­place and earn real mon­ey from them.

How to Participate

Cur­rent­ly, Cryp­tosnake has not been offi­cial­ly launched, but it is in the final stages of devel­op­ment and is sched­uled to go live on Novem­ber 30, 2021.

How­ev­er, ear­ly fans of the game can join the project’s com­mu­ni­ty and stand the chance of receiv­ing bonus­es in the form of the SNAKE token, which will sub­se­quent­ly be sent to their reg­is­tered Cryp­tosnake dig­i­tal wal­lets when the game final­ly launches.

Tokenomics: What is SNAKE token?

SNAKE is the native util­i­ty token of Cryp­tosnake. It is based on the Binance Smart Chain (BSC) net­work and can be exchanged for oth­er BSC-based currencies.

It has a sup­ply cap of 10 bil­lion tokens, with an ini­tial dis­tri­b­u­tion of 100 mil­lion SNAKE tokens, which will be avail­able on Pan­cakeSwap for a pre­sale, allow­ing investors and oth­er mar­ket par­tic­i­pants to pur­chase the token at an ear­ly stage of the project launch.

The remain­ing tokens, 9.9 bil­lion SNAKE will serve as stak­ing tokens and will be elas­ti­cal­ly issued the moment the NFT is bro­ken (when the snake is destroyed) and con­vert­ed into SNAKE tokens at mar­ket exchange rates. New tokens will also be issued at the time of stak­ing inter­est accrual.

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