DeFi Kingdoms

DeFi Kingdoms, represented by the JEWEL token, is a blockchain-based game that combines elements of decentralized finance (DeFi) and role-playing games (RPGs). The game was initially launched on Harmony in August 2021 and later expanded to the DFK Chain and Klaytn blockchain.

• August 2021: DeFi Kingdoms launched on Harmony, marking the beginning of the project.
• March 2022: The game expanded to the DFK Chain, an Avalanche Subnet, with the launch of the Crystalvale realm.
• December 2022: The Serendale realm was migrated to the Klaytn blockchain, further expanding the game's reach.
• January 2024: The tokenomics of DeFi Kingdoms were updated, introducing changes to the distribution of fees and rewards for JEWEL and Power Tokens like CRYSTAL and JADE.

• Pre-Minting: 10 million JEWEL tokens were pre-minted and distributed across various funds, including the Development Fund, Marketing Fund, Initial Liquidity Fund, and Founders Fund.
• Maximum Supply: The JEWEL token has a maximum supply of 125 million tokens, making it a deflationary token due to the consistent burning of tokens through gameplay and gas fees.
• Token Redistributions: The "Splittening" event redistributed locked JEWEL tokens to CRYSTAL, JADE, and JEWEL on Crystalvale and Serendale 2.0, ensuring a more balanced token distribution across realms.

• Play-to-Earn: DeFi Kingdoms allows players to earn real money through gameplay, making it a play-to-earn game.
• RPG Elements: The game incorporates RPG elements, such as character development and quests, which are integrated with DeFi components like liquidity pooling and NFT marketplaces.
• Power Tokens: Each realm has its own Power Token, used for in-game transactions and providing opportunities for players to earn tokens while playing.

• Market Cap: DeFi Kingdoms has experienced significant market fluctuations, reaching a billion-dollar market cap before a market crash affected its price.
• Volatility: The price of JEWEL has been subject to extreme volatility, reflecting the risks associated with digital currencies.
• Security Concerns: The game's security is a key focus, as smart contracts and decentralized systems carry inherent risks.

Overall, DeFi Kingdoms has evolved significantly since its launch, expanding to new blockchains and introducing new features to enhance gameplay and token utility. However, it is essential to acknowledge the risks and volatility associated with the project.

DeFi Kingdoms is a blockchain game that combines decentralized finance (DeFi) protocols with play-to-earn (P2E) mechanics and crypto-gamified elements. The game is designed to be user-friendly, making it accessible to those new to DeFi. Here's an overview of how it works:

DeFi Kingdoms is set in a metaverse with different realms, each with its own dedicated Power Token. The main token, JEWEL, serves as the ecosystem token and is used across realms. JEWEL is the native gas token on the DFK Chain and is used for liquidity pooling, staking, and governance.

The game features various non-playing characters (NPCs) that represent different smart contracts. For example, the Marketplace is a decentralized exchange (DEX) where players can engage in liquidity pooling and staking. The game also includes quests, such as the Wishing Well, which offer randomized rewards like experience points and Gaia's Tears.

JEWEL has a maximum supply of 125 million tokens, all of which have been minted and are circulating or burned. The token is used for various purposes, including liquidity pooling, staking, and governance. Staking JEWEL tokens earns players cJEWEL or sJEWEL tokens, which provide governance power, fee distribution, and in-game enhancements.

The Jeweler is a mechanism where players can lock their JEWEL tokens for a chosen duration to receive cJEWEL or sJEWEL tokens. These tokens are soulbound to the player's wallet and cannot be transferred. The Jeweler model encourages long-term staking and discourages short-term manipulation. Fees collected from in-game transactions are distributed to players who have locked their JEWEL tokens.

Each realm has its own Power Token, such as CRYSTAL in Crystalvale and JADE in Serendale. These tokens are used for in-game transactions and can be swapped for other tokens and items. The value of Power Tokens is linked across realms, providing arbitrage opportunities and ensuring that cross-chain expansion does not lead to a loss of value for older tokens.

The JEWEL Gardens are where players can stake LP tokens to earn JEWEL rewards. The issuance of JEWEL rewards is scheduled to change during each consecutive period of time, known as an Epoch. The length of each Epoch depends on the average block speed on the Harmony Blockchain.

Overall, DeFi Kingdoms offers a unique blend of DeFi protocols and gamified elements, making it an attractive option for those interested in exploring the world of decentralized finance.

The token DeFi Kingdoms (JEWEL) has several strengths:

1. Governance and Voting Power: JEWEL holders have governance rights, allowing them to participate in decision-making processes through voting. This ensures that the community has a significant say in the project's direction and development.

2. Fee Distribution and Rewards: A portion of the transaction fees collected in-game are distributed to JEWEL holders, providing them with a passive income stream. Additionally, JEWEL can be staked to earn rewards and participate in liquidity mining pools.

3. In-Game Utility: JEWEL is used to purchase NFTs such as items, heroes, and kingdoms within the DeFi Kingdoms game. This utility adds value to the token beyond its governance and reward functions.

4. Deflationary Tokenomics: The maximum supply of JEWEL is capped at 125 million, and tokens are burned through gameplay and gas fees, making it a deflationary token. This can lead to increased token value over time due to reduced supply.

5. Cross-Chain Compatibility: JEWEL is used across multiple realms, including Crystalvale and Serendale, ensuring its utility and value are maintained across different blockchain platforms.

6. Power Tokens and Ecosystem Integration: JEWEL is part of a broader ecosystem that includes other tokens like CRYSTAL and JADE. These tokens are used for various in-game transactions, providing a comprehensive and interconnected gaming experience.

These strengths contribute to the overall value and attractiveness of the DeFi Kingdoms (JEWEL) token, making it a promising investment opportunity in the cryptocurrency market.

DeFi Kingdoms (JEWEL) is a cryptocurrency project that carries several financial risks. One of the primary concerns is the high risk gauge score, indicating that it is a high-risk investment at the moment. This is partly due to the complexity and interconnectedness of DeFi protocols, which can lead to unforeseen risk conditions that current risk models are not equipped to handle.

Another significant risk factor is the potential for smart contract flaws. Weak coding in smart contracts can create openings for malicious actors to exploit and steal users' funds. Additionally, the project's reliance on liquidity pools and the use of smart contracts to manage these pools can also be vulnerable to exploitation.

Furthermore, DeFi Kingdoms operates in a rapidly changing and highly volatile market. The price of JEWEL can experience extreme fluctuations, as seen in the past when it dropped from $21 to $7. This volatility can result in significant losses for investors.

Regulatory oversight is another risk factor, as government agencies like the Securities Exchange Commission (SEC) may scrutinize DeFi platforms, potentially impacting their operations. The pseudonymous nature of the developers behind DeFi Kingdoms can also raise concerns for some investors.

Lastly, the project's high yields, such as the 300% APR or more offered in some gardens, can be attractive but also increase the risk of unsustainable returns and potential losses.

• The Team Behind DeFi Kingdoms: The developers who run DeFi Kingdoms are pseudonymous, meaning their real identities are not publicly known. They are referred to by names such as Frisky Fox, Professor Tango, and Pine Cone.