Today we are going to make analysis on My Defi Pet blockchain project, and it potentials, and then it official token DPET price analysis and future projections.
With that said, let dive into the guide proper.
What is My Defi Pet
My DeFi Pet is a a virtual pet game that combines DeFi, collectibles and your own personality. My DeFi Pet is operated on Supported Network including Binance Smart Chain and Kardia Chain.
My DeFi Pet has an extremely high randomization rate of genes for pets! From many different species, there are endless combinations of pet genes, they are able to offer a large range of variables that few games have ever been able to!
This is one of the reasons that makes My DeFi Pet different and unique to other NFT blockchain games.
- The variety of species will create a huge exchange for users to exchange unique NFTs with each other.
- Like real-world pets, My DeFi Pet’s pets can be bred to create new offspring.✨
- When players want to breed between two pets, there is a probability that the offspring will inherit the body parts of its father or mother’s (body type, tail, wings,..) or it may have new parts which have not appeared before from its parents from recessive traits.⭐️
- As an example, the breeding between two specific pets gives birth to a pet. The offspring inherits the body of its father and the color of its mother. Besides, the offspring also has some new parts such as the horn, the wings,…
*Please note the rule of generations (Gen) when breeding: All pets before breeding are classified as Gen 0. Of course, buying eggs will hatch pets that are only Gen 0.
After breeding, the offspring’s Gen is the highest Gen between its parents plus 1. To get information about a pet’s Gen, you can go to User Interface pet’s information, the pet’s gen will be shown below their name.
- The higher gen of the pets, the higher the rate of breeding similar accessories will be.
- Breed requirements: Pets must reach lv10
- The Specialty of Evolution: Change in appearance (larger, more body parts develop, skin color).
Features of My Defi Pet
- Collect: New monster is born every hour, and bidding lasts for 24 hours.
- Breed: You can create a new generation of monsters by breeding any two monsters.
- Evolve: A monster has many stages of evolution depending on the Rarity. Evolution ensures cool new appearance and enhanced stats.
- Seasons and Events: Collect and maxout Legendary monster to claim lucrative prizes.
- Battle: Unique battle mode in next seasons & Win ultra-rare rewards.
- Trading, Banking & Social Features: Trade on Market place to boost your collection
Compete with friends and other players. Show off your pet army, Socialize in private chat and world channel.
The DPET Token
DPET token is the main in-game currency. It will be used for trading, exchanging, improving the Pets and their special qualities, mainly in the first phase. Official Contract address: 0xfb62ae373aca027177d1c18ee0862817f9080d08
DPET token is a non-refundable functional utility token which will be used as the medium of exchange between participants on My DeFi Pet in a decentralized manner.
The goal of introducing DPET token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on My DeFi Pet, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer.
DPET token does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will DPET token entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction.
DPET token may only be utilized on My DeFi Pet, and ownership of DPET token carries no rights, express or implied, other than the right to use DPET token as a means to enable usage of and interaction within My DeFi Pet.
DPET Economics
- In-game currency: Most items in the game will be payable using DPET tokens
- Governance: Vote for new features and settings of the game to earn special rewards. Lock DPET tokens for a certain time to gain voting power.
- Staking: Become part of the game by staking DPET tokens into pools. Different pools will yield different returns such as new items, new eggs, or DPET tokens.
- Play 2 Earn: Simply playing can also get you DPET tokens via mission and social mining.
Is My Defi Pet a Good Investment
Yes, My defi pet (DPET) is a good investment. From the information deduced from it’s tokenomics you will understand that it is a community driven token, and we are in the defi games era, which will also facilitate the economy, and marketing of My defi pet.
It is the community members which would drive development of My DeFi Pet, so DPET token incentives would need to be distributed to compensate them for their time, expertise and effort.
Only users which have participated in submission of proposals, commenting, reviewing and/or voting will be entitled to receive DPET token governance rewards.
DPET Price Live Data
The live My DeFi Pet price on 7/25/21 is $9.19 USD with a 24-hour trading volume of $12,153,865 USD. My DeFi Pet is up 62.94% in the last 24 hours.
The current CoinMarketCap ranking is #381, with a live market cap of $63,221,479 USD. It has a circulating supply of 6,878,202 DPET coins and the max. supply is not available.
If you would like to know where to buy My DeFi Pet, the top exchanges for trading in My DeFi Pet are currently ZT, PancakeSwap (V2), AOFEX, MEXC, and Bibox.
Conclusion
“My DeFi Pet” is the initiative for the dev team vision of a mass-adoption
blockchain game. The name encompasses the three characteristics of the game: “Pet” raising game, “DeFi” features integrated, and “My” personalization.
My DeFi Pet revolves around a core loop of engaging gaming activities such as collecting, breeding, evolving, battling with, and trading/socializing for pets.
The dev team use the concept of Season to break down the game progress into smaller parts. This mechanism complements our human tendency for short term rewards.
Disclaimer: You acknowledge and agree that there are numerous risks associated with acquiring DPET token, holding DPET token, and using DPET token for participation in My DeFi Pet. In the worst scenario, this could lead to the loss of all or part of DPET token held. IF YOU DECIDE TO ACQUIRE DPET token OR PARTICIPATE IN MY DEFI PET, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT THE MARKET RISKS.
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