DeFi Land, the play-to-earn recreation that teaches the mechanism behind the DeFi world, has formally closed its IDO on Raydium, Gate.io and Solanium, with its DFL token scheduled for itemizing and buying and selling on November 24 at 4 PM UTC.
DeFi Land’s public sale of 100,000,000 tokens, 1% of DFL whole provide, has been concluded with 0.7% bought on Raydium, 0.1% on Gate.io and 0.2% on Solanium.
The Solana-backed crypto recreation’s governance token, DFL, is now going to be listed on FTX, Gate.io, Raydium and Serum on November 24, with different listings to observe.
As Play-to-Earn video games are triggering pleasure for the crypto ecosystem, DeFi Land goals to take the “DeFi degen” tradition of farming and successfully “enjoying” with property to earn cash, and switch it right into a literal farming recreation. DeFi Land might be thought of as a gamified interface for DeFi, moderately than a stand-alone recreation.
DeFi Land is structured as a farming simulation the place every token is represented by a flower or a plant. By managing their digital farm and cultivating completely different merchandise, players will earn an actual yield from their subject’s progress whereas additionally increasing their data concerning the DeFi world and its nuances. DeFi Land is predicated on Solana however is aiming for cross-chain interactivity, and it’s already linked with the main DeFi platforms and farms on Solana. DeFi Land goals to be the gateway into the world of farming for crypto-newbies, for whom diving into the present DeFi ecosystem could also be overwhelming at first. The sport additionally affords a “observe mode” the place players can study crypto buying and selling and farming utilizing pretend property.
The DFL token would be the gasoline of the platform, enabling customers to manipulate the sport, stake to earn further rewards, craft in-game NFTs and extra. The undertaking is backed by Play-to-Earn and Solana heavyweights together with Leap Capital, Alameda, and Animoca.
“We’re thrilled to announce the general public sale of DeFi Land tokens,”
says DFL Erwin, DeFi Land’s nameless undertaking lead.
“DFL shall be used to manipulate our recreation, stake, commerce and craft NFTs and extra. Our group can count on varied in-game use circumstances for our token, which is able to give them a number of methods of incomes and studying.” “DeFi Land is bringing an entire new degree of Play-to-Earn gamification to DeFi,”
added GammaRay, co-lead of Raydium.
“Not solely will it assist onboard new customers whereas driving liquidity and quantity on Solana, it is also going to be a ton of enjoyable. Raydium is tremendous excited for this launch on AcceleRaytor”
An FTX consultant added that
“The FTX staff is happy to see the continued progress of blockchain gaming and thinks Defi Land matches a very good area of interest on this vertical”