Nakamoto Games

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Discover Nakamoto Games's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Nakamoto Games?

Nakamoto Games (NAKA) is a play-to-earn blockchain protocol offering a gaming ecosystem with a variety of games, including AAA and hyper-casual titles. It operates on Polygon and aims to create a sustainable metaverse ecosystem. Users can earn rewards by playing games, and the platform supports both in-house and third-party game development. Nakamoto Games also features its own metaverse, NAKAVERSE, where players can engage in immersive experiences and earn additional income through digital land ownership.

How is Nakamoto Games used?

Nakamoto Games (NAKA) is a play-to-earn blockchain protocol that operates on the Polygon network. It provides a gaming ecosystem where users can engage in various play-to-earn (P2E) games and generate income. The platform allows developers to deploy their own P2E games, offering an immersive gaming experience. Users can connect their Web3 wallet, purchase NAKA tokens, and start playing games to earn rewards. The NAKA tokens are used to purchase games, weapons, and items within the games, and they also serve as a governance token for users to vote on the platform's future direction.

How do I store Nakamoto Games?

To store Nakamoto Games (NAKA) tokens, you can use various wallets that support the token. Here are some options:

  1. MetaMask: MetaMask supports Nakamoto Games and allows users to manage their NAKA funds directly within their web browser. You can add NAKA to MetaMask like any other ERC-20 token.

  2. Trust Wallet: Trust Wallet is another popular option for storing NAKA tokens.

  3. Ledger: Ledger is a hardware wallet that supports Nakamoto Games, offering a secure offline storage option.

  1. imToken: imToken is another wallet that supports NAKA tokens, providing users with a convenient and secure way to manage their assets.

  2. Torus: Torus is also a compatible wallet for Nakamoto Games, offering a user-friendly interface for managing NAKA tokens.

  3. Coinbase: Coinbase is a well-known exchange that supports Nakamoto Games, allowing users to store and manage their NAKA tokens within the platform.

  1. TokenPocket: TokenPocket is another wallet that supports Nakamoto Games, providing users with a secure and convenient way to manage their NAKA tokens.

  2. iToken Wallet: iToken Wallet is also compatible with Nakamoto Games, offering users a secure and user-friendly way to manage their NAKA tokens.

When selecting a wallet, consider factors such as security, convenience, features, and fees to ensure the best fit for your needs.

How to buy Nakamoto Games?

To buy Nakamoto Games (NAKA) tokens, follow these steps:

  1. Choose an Exchange:

    • Select a reliable cryptocurrency exchange that supports NAKA, such as KuCoin, CoinEx, Bybit, gate.io, or MEXC. Ensure the exchange is available in your country and meets your trading needs.
  2. Create an Account:

    • Register on the chosen exchange by providing necessary information, including your email address and a secure password. Complete any required identity verification steps to increase withdrawal limits and unlock additional features.
  3. Fund Your Account:

  • Deposit funds into your exchange account using various payment methods such as credit/debit cards, bank transfers, or peer-to-peer trading. The available options may vary depending on the exchange.
  1. Find NAKA Trading Pairs:

    • Navigate to the exchange's spot market and find the NAKA trading pairs, such as NAKA/USDT. You can use market orders for instant purchases or limit orders to buy at a specified price.
  2. Place a Buy Order:

    • Enter the amount of NAKA you want to buy and execute the order. The tokens will be credited to your exchange account once the order is successful.
  3. Store Your NAKA:

  • You can store your NAKA tokens in your exchange account or transfer them to a personal cryptocurrency wallet like Trust Wallet or Metamask for added security and flexibility.

Remember to research the exchange's fees, security features, and supported currencies before making a purchase. Additionally, be cautious of market risks and price volatility when investing in cryptocurrencies.

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History of Nakamoto Games

Nakamoto Games, a play-to-earn gaming platform, has its roots in the early days of online gaming, dating back to 1980 when two undergraduates at the University of Essex launched a fantasy adventure game called multi-user dungeon (MUD). The platform aims to provide a seamless experience for gamers and developers, leveraging blockchain technology to create earning opportunities through play-to-earn games.

The name "Nakamoto" pays homage to Satoshi Nakamoto, the mysterious creator of Bitcoin, reflecting the platform's connection to the tech revolution and the blockchain ecosystem. Nakamoto Games is one of the earliest play-to-earn blockchain games, alongside CryptoKitties, and has been actively developing its ecosystem since its inception.

The platform's native utility token, NAKA, plays a critical role in the ecosystem, facilitating access to games, earning opportunities, and governance. The token's tokenomics are designed to reward gamers and encourage participation, with a maximum supply of 180,000,000 NAKA tokens.

Nakamoto Games has a roadmap for gradual deployment, with several games in the pipeline, including Duck Hunter and Aeroplane Warriors. The platform also plans to release tools and resources for developers and players, further enhancing the gaming experience.

Despite facing challenges such as competition and adoption rates, Nakamoto Games continues to evolve, offering a unique blend of gaming and blockchain technology.

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How Nakamoto Games works

Nakamoto Games is a blockchain-based gaming platform that allows players to earn cryptocurrency while playing games. Here's an overview of how it works:

Registration and Wallet Connection

To get started, users need to create an account on the Nakamoto Games platform by entering their email address or social media account and securing it with a strong password. Once registered, they need to connect their Web3 wallet to the platform. This wallet is used to store and manage the native token, $NAKA, which is required for in-game purchases and reward distribution.

In-Game Assets and Buy-Ins

Players need to purchase in-game assets, such as bullets, tickets, gas, or oil, using $NAKA. These assets are required to participate in games. The cost of these assets varies depending on the betting size the player chooses, which can range from $0.05 to $5 per game. The amount of $NAKA needed to buy these assets fluctuates based on the current price of $NAKA.

Game Participation and Reward Distribution

Players can join game rooms with other players who have the same betting size. The game room remains open until it reaches 8 players or 48 hours have passed. The prize pool is distributed among the top players based on their ranking, with the top three players earning a profit and the remaining five players incurring a loss. The reward distribution is designed to encourage strategic gameplay and skill-based competition.

Referral System

Nakamoto Games also offers a referral system, where players can earn a 3% referral fee on every game played by referred friends. This fee is paid in real-time and is calculated based on the price of the in-game assets used.

Free-to-Earn System

In addition to the play-to-earn model, Nakamoto Games offers a free-to-earn system. This allows players to participate in games without connecting a Web3 wallet or spending any capital. Players who achieve high scores and rank in the top 10 daily are rewarded with tickets that can be used to play play-to-earn games or sold on the platform's marketplace.

NAKAVERSE and Metaverse Integration

Nakamoto Games is building a broader ecosystem called the NAKAVERSE, which aims to connect gaming to the metaverse. This metaverse integration will provide a more immersive gaming experience and potentially open up new opportunities for game developers and players.

Overall, Nakamoto Games provides a platform for players to engage in skill-based games, earn rewards in cryptocurrency, and participate in a growing gaming ecosystem.

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Nakamoto Games's strengths

Nakamoto Games (NAKA) has several strengths that contribute to its position in the gaming and cryptocurrency markets:

  1. Robust Web3 Gaming Ecosystem: Nakamoto Games provides a platform for games that are based on skill, strategy, and in-depth game knowledge rather than luck. This focus on merit-based gaming sets it apart from gambling and casino-like activities.

  2. Hyper-Casual and Accessible Games: The platform offers a wide variety of games that are easy to understand and play, making it accessible to a broad audience. These games are designed to be short, fun, and engaging, allowing players to jump in at any time without prior learning or detailed instruction.

  3. Innovative Features and Gameplay Mechanics: Nakamoto Games incorporates innovative features and gameplay mechanics that appeal to both gamers and investors. This includes a unique blend of gamification and decentralized finance (DeFi) elements, which has attracted significant attention in the gaming cryptocurrency space.

  1. Strong Community Engagement: The platform has a vibrant and enthusiastic community that is passionate about the project's vision and eager to participate in its growth. This community-driven approach has fostered a sense of camaraderie among investors, fueling further interest and investment in the cryptocurrency.

  2. Diverse Gaming Catalog: Nakamoto Games aims to host hundreds of play-to-earn games, including WebGL, AAA, PC, and mobile games. This diverse catalog ensures that there is something for every type of player, enhancing the overall gaming experience.

  3. Multi-Chain Expansion: The platform plans to integrate with multiple blockchains, including BNB Chain, Solana, Avalanche, Near, Tron, Fantom, Elrond, and WAX. This multi-chain approach will increase its reach and accessibility to a broader user base.

  1. Strong Development Team: The team behind Nakamoto Games has decades of experience in platform development, game development, social media marketing, and blockchain technology. This expertise enables the continuous deployment and development of top-tier games for the community.

  2. Sustainable Tokenomics Model: Nakamoto Games' positive sum tokenomics model has proven sustainable and profitable, allowing the team to focus on game development and marketing, which accelerates product output significantly.

  3. Free-to-Play and Play-to-Earn Options: The platform offers both free-to-play and play-to-earn games, making it accessible to traditional gamers who can transition smoothly into the world of play-to-earn through a smooth onboarding process.

  1. Strong Partnerships and Backing: Nakamoto Games is backed by several venture capitals, including Halvings Capital, Alves Capital, CSP DAO, Lavender Capital, and others. This support provides the necessary resources for continued growth and development.

These strengths position Nakamoto Games as a formidable player in the gaming cryptocurrency market, with a focus on innovation, community engagement, and sustainable growth.

Nakamoto Games's risks

Nakamoto Games (NAKA) carries several risks that investors should consider before investing in the cryptocurrency. These risks include:

  1. Volatility of the Cryptocurrency Market: The cryptocurrency market is known for its high volatility, which can lead to significant price fluctuations. This volatility can result in substantial losses for investors if they are not prepared for market downturns.

  2. Regulatory Changes: Regulatory changes can have a significant impact on the value of Nakamoto Games (NAKA). If regulatory bodies impose strict regulations or restrictions on cryptocurrencies, it could negatively affect the value of NAKA.

  3. Competition from Other Gaming Projects: Nakamoto Games faces strong competition from other gaming projects such as Decentraland, Axie Infinity, and SandBox. This competition can make it challenging for Nakamoto Games to gain market share and attract new users.

  1. Risk of Manipulation: Nakamoto Games has been given a moderate risk assessment by InvestorsObserver, indicating that it is susceptible to manipulation by limited trading activity. This means that the price of NAKA can be influenced by a small number of traders, which can lead to market instability.

  2. Risk of Capital Loss: Investing in Nakamoto Games (NAKA) does not guarantee a profit and can result in a capital loss. Investors should be aware of this risk and evaluate their risk tolerance before investing in any cryptocurrency or project.

Overall, it is essential for investors to carefully evaluate these risks and consider their own risk tolerance before investing in Nakamoto Games (NAKA).

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Did Nakamoto Games raise funds?

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Nakamoto Games’s team

  • Chawalit Rugsasri: CEO, with experience as a project manager at Sublime Solidity and connections with the Thai government and banks.
  • Sayrung Jaibun: Blockchain Developer, specializing in blockchain-based gaming and previously managing gaming clients at Sublime Solidity.
  • Tinnapob Phengpom: Lead Researcher, with a Ph.D. in technical topics and responsible for tokenomics design.
  • Park Padungpattanadis: Blockchain Developer, skilled in web development and blockchain technology.
  • Tomek Kos: Strategic Advisor, with experience in marketing and business strategy, particularly in the gaming industry.
  • KVESTOR: Strategic Advisor, founder of VYSYN Ventures, providing early-stage funding and incubation services to successful cryptocurrency projects.
  • Phiriyaphong Phumphoang: COO, experienced in managing large-scale projects in real estate and IT infrastructure.
  • Thanig Punyakhomsiri: Lead Developer, proficient in smart contract development and on-chain logic.
  • Rumchawun Keeratipitayaporn: CMO, skilled in digital marketing and developing impactful sales strategies.

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