What is DeFi Land?

Photo - What is DeFi Land?
DeFi Land is a digital game aimed at demystifying decentralized finance through an engaging gamified experience.

The Mission of DeFi Land

The game's primary objective is to make the vast world of DeFi and cryptocurrencies both accessible and entertaining for its users. The project combines the essential elements of traditional gaming platforms. DeFi Land allows users to start their journey for free. As players advance, they can shift to the Play-To-Earn mode, which may involve modest investments. In this stage, players can compete with others, mint their own tokens, engage in trading, and simultaneously delve into the functionalities of DeFi platforms.
Lively alpacas serve as the game

Lively alpacas serve as the game's mascots. Source: defiland

The introductory free training level is designed to be engaging, even for children. Through a fun gaming experience, they can learn how to mint their own tokens, get acquainted with NFT attributes (such as price, rarity, and creator royalties), and grasp the workings of the blockchain.

Later, users can delve deeper into advanced attributes (like genetics and skill enhancement) and challenge themselves in the PvP stage named "Alpaca Dash". Here, players can compete in various races and tournaments. However, to participate, an initial entry fee is required, which will later be distributed among the victors.

DFL Token

DeFi Land's utility token is called DFL. It can be used for:

  • In-game asset and NFT trading
  • Staking (offering an annual yield of 13%)
  • Gaming activities
  • Lottery participation
  • Voting in platform decisions

DFL also facilitates NFT trading without incurring additional transaction fees.

The Play-To-Earn model adopted by DeFi Land lets users earn tokens by completing quests or advancing through game stages. 

As an investment asset, DFL might not draw significant interest. With a market capitalization of $1 million, its daily trade volumes were barely reaching $27,000 at the time of writing (with a token price of $0.000401).

However, DFL offers more than just monetary value. It provides users with a practical platform to grasp the basics of digital asset trading, serving as a stepping stone before diving into the trading world of larger, more substantial assets.

DeFi Land Game Features

DeFi Land is a complimentary application. Simply connecting one's wallet (with Trust Wallet being the preferred option) to the game enables users to trade tokens, oversee their portfolio, and effortlessly explore DeFi using the game's delightful alpaca characters.

The learning mode offers novices an opportunity to practice and delve deeper into the intricacies of dealing with digital assets without any financial commitments. Those new to the platform can gain practical insights into how DeFi functions within this digital realm.

On signing up, participants can take advantage of DeFi Land's referral scheme. By providing the referrer's wallet address during the initial access, the latter can earn certain rewards.

It's worth mentioning that DeFi Land has been recognized by Cointelegraph as one of the top ten GameFi platforms for 2023.