DeFi Degen Land

What is DeFi Degen Land (DDL) ?

It’s a virtual environment where users can socialize, play games and even earn rewards in the form of crypto assets. The metaverse of DeFi Degen Land perfectly incorporates both the gamification and DeFi together. DDL is built on top of blockchain which makes the metaverse more simple and allows the players to collect their in-game rewards in the form of bitcoins or other crypto assets.

 

Main character or Avatar of players and also the in-game assets can be customized and owned as NFTs.  Online voice chat feature is available in DDL which allows the players to communicate with others during the game. The metaverse allows players to play and compete against others and in return they will earn prizes in the form of crypto assets.

 

DDL Token 

DDL Token is the in-game token of DeFi Degen Land metaverse. Over 10,000,000,000,000 (10 Trillion) initial tokens were minted (Fixed Supply, No more to be minted). At present, one DDL token is equivalent to $0.000001125 and has a market cap of $168,772. 

 

DDL: Play to Earn

Play to earn forms part of the DeFi Degen Land Metaverse. It offers the possibility of generating a new income for the players inside the metaverse. 

 

There are multiple mini-games in the metaverse that the players can opt to play. Each of these mini-games will record it’s weekly leaderboard of top 10 players based on their score in the game. These players will be then rewarded with rewards that vary from $50 up to $500 weekly.

 

VR Compatibility

DeFi Degen Land will be available on the Oculus Quest 2 (VR headset) in Q2 of 2022

 

Squid Game: Red-Light & Green-Light

This mini-game involves 5 players placed on an “Island”, These players need to run to the other end of the bridge. Players need to run when there is a green-light and should stop running when it’s red-light. When the lights turn red, players can not move or they will die. Players who cross the bridge successfully are rewarded with 4 points whereas the players who are out will be rewarded by just 1 point in the leaderboard.

 

The leaderboard of this mini-game resets weekly with a $100 split to the top 10 players as follows

1st:  $30

2nd: $20

3rd: $15

4th to 10th: $7 

Fig1.0 Squid Game

DDL Rewarding System 

• Buy/Sell: When an investors or users make a buy or sell of DDL tokens, 15% of that investment or transfer is charged as tax, which constitutes of 8% for rewards in the form of Bitcoin (BTCB), 4% dedicated for the DDL Liquidity Pool (liquidity) and 3% which are sent to BTCB exclusively for marketing.
• Passive Income: With every transaction DDL takes 8% of the value and redistributes it automatically to holders in Bitcoin as passive income.

 

The funds generated from transactions (which include buying, selling and transferring of DDL) are sent to a pending pool. These pending rewards are updated daily and can be seen in the Metaverse. Once this pending pool has enough gas fees, it will automatically send the rewards (BTCB) to holders depending on the amount of DDL they are holding (minimum amount required is 900 DDL). In addition, holders can also claim their rewards from the metaverse against a gas fee.