High Score, High Pay: CoinFantasy’s Gamification in the Crypto World
Gamification in the crypto world has proliferated, and several platforms have jumped onto the bandwagon. By creating a game, platforms can incentivize participation by offering rewards for achieving certain milestones. Blockchain is the perfect platform to promote gamification and gamified launchpads as it helps develop and deliver unique elements that were not possible before.
Crypto space has seen several gamified platforms that generally revolve around NFTs and meme coins. However, CoinFantasy has developed the world’s first decentralized fantasy gaming platform for financial marketing using NFTs. It is a unique platform that combines NFT, Crypto and Fantasy-Gaming in a single space to offer better rewards, functionalities and services.
CoinFantasy recently launched early access to its fantasy game and offers handsome rewards to the users who participate.
How does CoinFantasy work?
CoinFantasy allows anyone to create a pool based game where anyone can participate. CoinFantasy is powered by three communities that tie together to create a lucrative experience for everyone. These three communities are:
– Game Organizer
– Game Participant
– Sponsor
A game organizer creates a game pool by setting up the contest rules such as entry fee, number of participants, etc. The organizers first have to lock up 10% of the game pool pot money in cFantasy tokens to begin the pool. After that, the organizers share the pool with game participants.
Once the game begins, it will last 4 hours in which participants can predict the outcome of the set of tokens. However, if the pool does not fill, the game is dropped. On the completion of the game, the organizer gets 20% of the pool as rewards & locked up amount back. They are able to 2x their money in a span of 4 hours. They can participate in staking & game farming for the locked up tokens to earn additional rewards.
Game participants can choose to enter any pool and use their skills to pick the suitable token set of seven coins within a given budget. There is an entry fee that the participant must pay. This fee fills the pool, which then rewards the winner. The game-winners are immediately announced after ending the pool. The highest scorer is awarded the highest pay for maintaining fairness. Also, the transaction is settled using smart contracts on Ethereum Network to ensure immutability and security.
On the other hand, sponsors can purchase limited edition NFTs from both organizers and participants using the cFantasy token based on their performance. Sponsors who purchase these NFTs will get a share of the prize money from the minter of the NFT which works like a royalty deal. If the minter of the NFTs is performing well on the platform, the value of the NFTs increases, in this way CoinFantasy’s NFT model brings in the intrinsic value of the NFTs. In this way, Sponsors can earn income passively a share of the prize money by just holding these NFT.
Mega Pools Contests and Mega Pool NFTs
CoinFantasy also hosts Mega Pools Contests and Mega Pool NFTs, where the prize money is over $1 Million. Organizers can also host these Mega Pools by putting up their “Hosting” slots as NFTs. These Mega Pool NFTs are confined to different time slots and parameters.
Mega Pool NFTs can be purchased on auctions held by CoinFantasy at its NFT launchpads, anticipated to increase with the increase in the ecosystem. These NFTs, however, are finite in quantity and act as a “Slot Share.”
CoinFantasy early access game launch
The platform recently launched the early access of the game with exciting rewards and airdrops for the participants. Users who participate in the early access will receive handsome rewards such as $10,000 worth of game pool prizes and $100 value of tokens airdrops.
Also, CoinFantasy will reward users who create memes and infographics about the game with airdrops of $125 worth tokens and an additional $150 worth of tokens for people who make a video about the game. To become eligible for the rewards, users must share the memes, infographics and videos on Twitter and tag CoinFantasy.
Conclusion
CoinFantasy is the only platform that offers a gamified experience for crypto financial markets such as Stocks, Derivatives, Prediction Events, etc. Find out more about CoinFantasy at https://coinfantasy.io/.
