The Motivation for Creating DeFi Kingdoms
As big fans of the innovation happening in DeFi and in blockchain technology in general, our team had been waiting for a DeFi project to truly embrace the full potential of the blockchain in game form. Trading, returns, and moonshots are undoubtedly fun, but why couldn’t it feel more like a game? Why couldn’t we build an operation and level it up to increase returns? Why couldn’t we do daily quests and collect rare NFTs that actually augment and impact the rewards and returns? Once we decided it needed to be built, we jumped headfirst into production, and DeFi Kingdoms was born!
Ecosystem Token
When DeFi Kingdoms: Serendale launched on Harmony, the JEWEL token launched alongside it. Unlike the average crypto token, JEWEL acts as the main token of value in a metaverse game, giving it utility above and beyond that of a regular coin.
With recent changes to the DeFi Kingdoms tokenomics, JEWEL is now the Ecosystem token that is used across realms. In addition to being the native gas token on DFK Chain, JEWEL is used for liquidity pooling in the Gardens, and staking at the Jeweler for governance rights, fee distribution opportunities, and in-game Power-Ups.
Players who stake JEWEL tokens receive cJEWEL in Crystalvale and sJEWEL in Serendale.
Fee Distribution
Unless otherwise specified throughout these documents, the JEWEL fees from in-game transactions, as applicable, are apportioned to the respective wallets for each realm as follows:
- 5% – Burned
- 15% – Jeweler Rewards (cJEWEL / sJEWEL)
- 30% – Quest Reward Fund (DFK Chain / Klaytn)
- 50% – Development Fund
