The process of crop yields in the defi world has proven to be one of the most lucrative crypto investment options of our time for quite some time. Many platforms launch every other day, with each promising to offer great high-yield farming services but instead offering services very similar to those we know today.
Due to the lack of fun in the Defi world, investors withdraw from projects when they achieve their desired profits and look for other lucrative products. However, what if there was a platform to provide the much needed profitable activities with overwhelmingly fun?
A new innovative, self-sufficient and progressive network is introducing yield farming services in the crypto world. This platform, ArenaSwap, will bring an entirely new twist to the crypto-defi world, a synchronicity of income farming and fun.
ArenaSwap is Binance’s first intelligent chain-based Dex project bringing together interesting NFT, gaming and gambling options with yield farming. This decentralized exchange platform has set itself the task of providing interactive storytelling and gamification in the world of yield farming and gambling and thus offering an opportunity for your assets to continuously increase in value.
This new platform will introduce a wide range of gaming, gambling, NFT and yield farming options for complete simplicity and reliability. Let’s dive deeper into the platform, how it works and what services it offers.
The ArenaSwap network provides a hub for investors and users to explore, play, collect, and receive rewards for just playing. This platform currently offers services with heavily deflationary tokens, NFTs and gaming options.
The platform has its native token called ARENA which helps in providing the platform’s services. This token is said to be digital gold by constantly increasing in value.
In addition, the platform structures a decreasing offering model, in which the number of tokens burned is higher than the number of tokens released. Therefore, yield farmers will benefit greatly from this network as the tokens continuously increase in value. The deflation policies introduced include;
- 3% of the amounts collected in betting pools for each battle will be burned
- 25% is burned in each jackpot
- 85% of the quantities used in IGO are incinerated
- In Pyramid Royale, 15% of the amount of the pot is burned
- In every Gladiatorial Odyssey 80% of the entry fee is burned
- 85% of the sales when buying loot boxes are burned
- 75% of the deposit fee will buy back ARENA tokens for burning
This network uses NFTs and Defi-Tokens to reward users for participating in gaming, gambling, or creating NFT on the network. For example, as mentioned earlier, there are two types of gladiators, large gladiators and smaller gladiators.
Large gladiators (celebrities or star gladiators) will take part in the large platform arena, which includes 3 participants in each round, black, red and green team gladiators. A person who wagered on the winning gladiator will be selected at random and awarded the NFT victory. However, as long as a user bets on the winning gladiator, he receives a share of the pool of betting brands. 90% of the betting tokens will be paid out to the team winners based on their bet.
Remember that in order to receive the Victory NFT Award, an individual must have entered the betting pool and been on the winning team of Gladiators. The higher the stake in the pool, the higher the chance of winning the NFT.
The Victory NFT represents a share of the Gladiator, which means that you benefit from every win. As the gladiator grows through the levels and gains more experience, your NFT value also rises. During the gladiator’s resignation, his NFT value can increase, which further benefits the NFT holder.
A first gladiator offer is being carried out in the large NFT area. At this IGO, the value of gladiator NFTs will be low, as these gladiators are not yet registered in the roster.
The list currently has 5 gladiators but is expanding to meet its target of at least 16 gladiators. The winning gladiator’s NFT holders share 3% of the pool token on the bets. Each of these gladiators has a full backstory that shows their relationship with other gladiators, their mission, and their fighting style.
After every IGO, a lucky investor receives a limited edition IGO NFT with a unique serial number. These limited editions are rarer than the normal IGO NFTs, so their value is higher than standard IGO NFTs.
Smaller gladiators are small players in the network who will never reach the large gladiatorial arena. Little Gladiators are custom NFTs created by and owned by the platform users. The little gladiator NFTs will have characteristics such as uniqueness.
To get the customizable NFTs, you’ll need to get loot boxes. Fortunately, there are several easy ways to get the Loot Crates, including getting them when your opponent drops them in battle, getting them in Airdrops, and putting other tokens in your pocket. In the loot box you will find ready-made armor and weapons, smaller gladiators and monstrous pets.
There are excellent game alternatives on this platform, which are divided into the large and small gladiator areas. The entire gaming area has yet to be launched as it is still in the works according to the website and should be released in Q3 2021. The start of this game will bring an arena for great gladiators and a pyramid royale for smaller gladiators.
The great gladiators play red, black and green teams in the game arena, which has three players each round. According to Litepaper, red and black teams have very high chances of winning (20-85%), while the green team has only (4%) chances of winning.
On the other hand, smaller gladiators have their center to draw one another into battle, the royal pyramid. With this royal, the rules of winning are simple, that is, a gladiator must stay on the top of the pyramid for 60 seconds. During those seconds, some other players and fighters struggle to climax.
If the player is still at the top of the pyramid after 60 seconds, they are facing the worst of the worst infernal guardians. After that, you can win a jackpot and the NFT of the infernal guardian you defeated.
The Odyssey for Lesser Gladiators is another excellent option for smaller gladiators. Here also smaller gladiators can be transported with the Odyssey to different parts of the cosmos, where they can quickly achieve and maximize yields.
Best User Interface (UI) and User Experience (UX)
As mentioned earlier, this platform combines many activities in the same applications. Ordinarily, many platforms would complicate things, making some of the key services within the network very difficult to access. However, much like the entrance to a normal arena, the ArenaSwap network makes its services easily accessible to users and increases the opportunity to generate revenue streams.
For example, the user interface (UI) in design easily shows all the required services or complete simplicity. Access to the tools such as large or small gladiators, games of chance and IGO are easily displayed to the users.
For example, when you open the website you will see a dashboard panel on the left. This dashboard has displayed tools like Farms and Pools, Recommendations, Pyramid Royale, Odyssey, IGO, Lootboxes, Audits and more. The “More” section has all the documentation you need, including the lite paper, documentation, Github, and the blog page.
The user experience (UX) is also top notch as the services are easy to access. With a single touch, you can open any of the services you want to work with. The layout and the direct links to the wallet of your choice are even more interesting. Since this platform wants to make sure you have the best experience, it currently supports tons of crypto wallets like Metamask, Trustwallet, Mathwallet, Token Pocket, Wallet Connect, and Binance Chain Wallet. Everything is available with a single touch.
In addition, the website is of course in dark mode. Nowadays, many people who spend long hours with computing devices prefer the dark mode settings to protect their eyes. The Arenaswap platform is natively in dark mode and thus provides more convenience.
Plenty of options with NFT. Generate income
As mentioned earlier, the main goal of introducing this platform is to provide extensive, high-yield farming opportunities that are combined with fun. ArenaSwap’s native token, ARENA, will be an excellent asset for high-yield farming for the average user due to its deflationary nature.
In addition, the platform has the major gladiator NFTs that help generate income for their owners as the gladiators increase their profits. Through multiple token use cases, the platform creates a variety of opportunities for investors to generate passive income.
Audit and Security
Security is one of the main issues that tarnish the decentralized financial world today. However, the ArenaSwap network does not compromise on security. First and foremost, this platform is being reviewed and given the green light by a popular blockchain auditor. The idea is to ensure the highest levels of security and efficiency for all users. By publishing the report on their website, the platform proves that it works transparently.
After looking at the ArenaSwap platform, it is clear that this platform is here to revolutionize the Defi world. This network interacts with gaming, yield farming and NFTs in the same dashboard, making it easy for users to generate income with ease.
There will be game options for large and small gladiators, with the former being the star NFTs playing in the major leagues (arena) while the former remaining the custom NFTs playing in smaller leagues. In addition, the platform offers advantages such as an excellent user interface, high security and community engagement. You can invest in the ArenaSwap Dex while you wait for the game options to start.
To interact directly with the growing community and learn more about this wonderful project, visit their social media pages: Telegram, Twitter or access their website directly.