What is My Defi Pet?
My DeFi Pet is a pet-simulation game that runs on the Binance Smart Chain (BSC) and KardaChain blockchains. The game, based on the NFTs and GamFi premise, allows players to collect NFTs assets and eventually sell them at Decentralized Finance for a profit.
My Defi Pet Gameplay
“My DeFi Pet” revolves around a core loop of engaging gaming activities such as pet collecting, breeding, evolution, battling, and trading/socializing. We use the concept of Season to divide the game’s progression into smaller chunks. This mechanism supplements our human proclivity for short-term gratification.
Collecting
There are two primary methods for obtaining a pet in My Defi Pet game as listed below:
- Summon: by consuming a certain number of DPET tokens, you can obtain a random egg.
- Auction: Every hour, a new pet is born, and bidding (with DPET tokens) lasts 24 hours. Any unclaimed pets after the bidding period will be kept at the Altar for future use.
Summoning
When any two pets are combined, a new pet is created that inherits the genes of its parents.
breed(uint256 _matronId, uint256 _sireId)
Breed a pet you own (as matron) with a sire you own or have previously received Siring approval for. Requires the payment of the DPET token fee, which is given to the first caller of giveBirth () Parameters include:
- _matronId: The ID of the pet acting as matron (will end up pregnant if successful)
- _sireId: The ID of the pet acting as sire (will begin its siring cooldown if successful)
giveBirth(uint256 _matronId)
The new pet is assigned to the matron’s current owner. Both the matron and the new pet will be ready to breed again once the procedure is completed successfully. It’s worth noting that anyone can call this function (as long as they’re willing to pay the gas! ), but the new pet always goes to the mother’s owner.
Evolve
Depending on its rarity, each pet has different evolution levels and abilities. Pets can be leveled up by feeding them DPET tokens.
evolve(uint256 _petId, uint256 _newGenes)
The evolved pet is assigned a _newGenes according to its _oldGenes
Season Reward
The first season will begin with a $100,000 USDT prize, which will be locked in a smart contract by the DPETs team. The amount can be claimed by locating NFTs that meet the contract’s exact specifications and then sending them to the contract to claim the reward. The specific requirements will be determined after the launch. The prize, tentatively, requires 10 legendary pets with maxed levels.
Battle
The battle system is being tested and will be finalised.
Trading
To facilitate trading between players, we implement an auction marketplace. All of the major browsers are supported.
How to Make Money from My DeFi Pet
Despite the fact that the official has yet to reveal a portion of the features and reward systems, you can now Play-to-Earn in the world of My DeFi Pet. Many methods for making money in this game are detailed in the My Defi Pet’s Whitepaper, as follows:
Trading NFT Assets in the marketplace
As previously stated, simply selling NFT pets on the marketplace can earn you a lot of money. When it comes to pet prices, rarity and epicness are the most important factors to consider!
Team Your Pet Up and Enter the Battle
Despite the fact that it has not yet been released, there is still a lot of enthusiasm for the battle mode. Players can compete in battle tournaments to win epic prizes and form teams to fight against one another.
Complete Missions & Seasonal Events
This method can also be used to make money in this game. Each season, mission, and activity will have a unique set of duties. In the first season, for example, players are tasked with tracking down and acquiring the NFT pets specified in the Contract. The winners’ smart contracts received a check for around 100,000 USDT at the time.
Sending Pets Out For Hunting
Players can send their pets out of their farm to hunt for food and DEPT Token as a form of staking.
DPET Tokens in My Defi Pet
My DeFi Pet’s native digital cryptographically-secured utility token (DPET token) is a transferable representation of attributed functions specified in My DeFi Pet’s protocol/code, and is intended to be used solely as an interoperable utility token on the platform.
The DPET token is a non-refundable functional utility token that will be used as a decentralized medium of exchange between participants on My DeFi Pet.
The goal of introducing the 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 is not intended to be, a medium of exchange accepted by the public (or a segment of the public) as payment for goods or services or debt discharge; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not excluded.
The DPET token does not represent any shareholding, participation, right, title, or interest in the Company, the Distributor, or any other company, enterprise, or undertaking, nor does it entitle token holders to any promise of fees, dividends, revenue, profits, or investment returns, and is not intended to constitute securities in Singapore or any other relevant jurisdiction.
DPET token can only be used on My DeFi Pet, and ownership of DPET token confers no rights, express or implied, other than the right to use DPET token to enable usage and interaction with My DeFi Pet.
The DPET token will be used to distribute economic incentives to encourage users to contribute to and maintain the ecosystem on My DeFi Pet, resulting in a win-win system in which every participant is fairly compensated for their efforts.
Because there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on My DeFi Pet without DPET token, DPET token is an integral and indispensable part of My DeFi Pet.
Given that an additional DPET token will be awarded to a user solely based on their actual usage, activity, and contribution on My DeFi Pet, users of My DeFi Pet and/or holders of DPET token who did not actively participate will not receive any DPET token incentives.
The DPET economics were created to incentivize and maximize interaction between the players and the game. For example, users will be rewarded with DPET and random rewards to encourage them to spend money on activities within the system that promote platform adoption, such as purchasing, breeding, or evolving pets, or spending time playing games. Players can spend DPET to significantly improve their progress and experience in-game.
To encourage decentralized community governance for the network, holders of the DPET token would be able to propose and vote on governance proposals to determine features and/or parameters of My DeFi Pet, with voting weight calculated in proportion to the tokens staked.
To avoid confusion, the right to vote is limited to voting on My DeFi Pet features; the right to vote does not entitle DPET token holders to vote on the operation and management of the Company, its affiliates, or their assets, or the disposition of such assets, and does not constitute any equity interest in any of these entities. This arrangement is not intended to be a joint venture or partnership in any way.
My DeFi Pet’s development would be driven by community members, so DPET token incentives would need to be distributed to compensate them for their time, expertise, and effort. Only users who have participated in proposal submission, commenting, reviewing, and/or voting will be eligible for DPET token governance rewards.
Conclusion
My DeFi Pet is a pet-simulation game that runs on the Binance Smart Chain (BSC) and KardaChain blockchains. The game, based on the NFTs and GamFi premise, allows players to collect NFTs assets and eventually sell them at Decentralized Finance for a profit.
If you are interested in playing other NFT games like Apeiron, Angrymals, Ember Sword, Era7, MetamonGo, Bomb Crypto, Untamed Isles or Dragonary make sure you have gone through our ultimate guides on them.
NFT items which is so popular these days offers so many new ideas and potential money earning if you catch the correct time.
It is also super easy to sell anything on NFT marketplaces.
You can sell your game character or crafted item or reward items.
Have you played My DeFi Pet already? Feel free to share your experience as well as your own NFT gaming tips in the comments!
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