The team at DeFi Of Thrones thought to create a themed game that involves the use of the biggest tokens in this sector.
Dear #DoTx investors, here is a complete description of our DeFi Of Thrones project !
👇Check our last medium article here 👇https://t.co/Rem2GB6Lc9
— DeFi Of Thrones (@DefiOfThrones) August 27, 2020
This project is fully integrated into the decentralized finance (DeFi) sector, which has seen a monstrous increase in recent months both in terms of volumes and the birth of new projects, for example Travala, which will become a collateral for Bidao’s BAI stablecoin.
DeFi Of Thrones has completed a small ICO (Initial Coin Offering), releasing the DOT token. The ICO has raised 201 ETH, approximately $85,000, of which 75% will be used to provide liquidity to Uniswap and will be locked for 1 year.
The DeFi Of Thrones game
The rules of the game are simple enough to understand: the user will have to choose one of the 2 suggested DeFi tokens and buy as many tickets as desired.
The purchase is made using the native DOT token.
Over the course of a week, it will be clear which of the 2 tokens will perform best and the user who had bet on the best token will win the odds of the losing opponent who had bet on the wrong token.
DOT tokens are currently exchanged for 0.00015 ETH.
Betting on DeFi
This is basically a PvP (Player versus Player) game, but also with a betting/gambling portion.
Considering that there are no other operations to do, players will have to check at the end of the week whether or not their token was a winner.
It is interesting to note that the tokens in question will be more and more, starting with those with higher capitalization and liquidity, thus avoiding unknown or too risky tokens.
Another factor to take into consideration is that the smart contract of the game will use ChainLink oracles to obtain a reliable and real-time price.