15.9 C
New York
Thursday, May 19, 2022
More

    Latest Posts

    DUX Games launches its own token by Bit2Me; meet the DUX token

    - Advertisement -
    Launch is being done by Spanish crypto exchange Bit2Me, newly arrived in Brazil. (Image: Unsplash)

    THE Dux will launch the Dux Token next week, which intends to strengthen the largest guild in Latin America created by startup Brazilian technology web 3.0.

    Dux grew in the last year, after the implementation of game technology “play-to-earn” and scholarshipsgetting investment from Old Fashion Research and the global leader in games Animoca Brands for the expansion and development of gaming and web 3.0 technologies.

    The IEO, or Initial Offering of tokenwas made by crypto exchange Spanish Bit2Me this Tuesday (10), and the sale on the secondary market should take place in the coming days by the brokerage itself.

    Currently, those who participated in the initial offering and acquired DUX can lock it on the Bit2Me exchange and receive an APY (yield per annum) of 100% in DUX tokens.

    What are scholarships?

    - Advertisement -

    Scholarships are a model in which the owners of NFTs lend to players who, at that time, do not have enough purchasing power to make the initial contribution necessary to enter a game and receive a percentage of the players’ earnings in exchange for the service.

    What will be the use of the DUX token?

    As DUX founder and CEO Luiz Octavio said in an interview with Cointelegraph Brasil, the startup’s token will offer its holders participation in Dux’s governance decisions.

    Another feature will also be to connect the entire community, including players, investors and researchers around scholarship, treasury and digital wealth management tools.

    the entire ecosystem of Dux Token will offer exchange products to holders, such as conversions from fiat currencies to cryptoassets, swaps – exchanges – of digital assets, in addition to functioning as a means of payment and providing decentralized finance features, such as staking and yield farming.

    DUX will also offer launchpad and incubator services for new projects, promoting the decentralization of fundraising, as informed by the company.

    Token holders will have access to reports on the GameFi ecosystem produced by the DUX research team.

    And they will be able to experience exclusive experiences in the metaverse in Dux’s virtual spaces on the Decentraland (MANA) and The Sandbox (SAND) platforms.

    Guilds in Web 3.0

    As the Dux team tells the Crypto Times, the development of technologies for the implementation of web 3.0, is a phenomenon that became viable with the advent of Bitcoin (BTC) in 2008.

    Since then, there has been the emergence of new networks such as Ethereum (ETH) that facilitate the protocols for the creation of tokens, the Smart Contracts (smart contracts) that guarantee the closing of agreements between parties that do not know each other, in addition to NFTs (Non-fungible Tokens) that certify the exclusivity and ownership of an asset.

    All this evolution was in line with game technology, which currently uses web 3.0 products to ensure that an avatar belongs only to a certain player and the exclusivity of skins and equipment.

    In-game tokens are a reality and can be purchased and exchanged for in-game governance tokens which can also be traded and exchanged for fiat currencies such as US Dollar and Real.

    Web 3.0 technology facilitated the potential for economic development that already existed within the world of games, and favored the interactions and remuneration of players in matches, giving rise to games play-to-earn (play to win $$$).

    The game Axie Infinity was a pioneer in this scenario, and several guilds were created in several countries, such as the Philippines, where a large part of the poorest population uses the game as their main source of income.

    In Brazil it was no different, several play-to-earn game guilds were created and currently foster the country’s economy.

    Finally, it is extremely necessary to emphasize that virtual world leaders affect society directly and can be useful when a task is carried out through online platforms, being as inspiring as real life leaders.

    Therefore, guilds show us that they are a favorable environment for knowledge exchange and information search based on a hierarchical structure model.

    Receive Money Times newsletters!

    Sign up for our newsletters and always be well informed with the news that enrich your day! Money Times brings 8 curators covering the main themes of the market. Register now and receive the information directly in your email. It’s free!

    Disclaimer

    THE Money Times publishes articles of a journalistic nature, which aim at the democratization of information. Our publications must be understood as announcing and disseminating bulletins, and not as an investment recommendation.

    Source: Moneytimes

    - Advertisement -
    spot_img

    Latest Posts

    spot_img

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.