Cyclops Finance is a new Hybrid DeFi Ecosystem

in blockchain •  4 years ago 

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What is DeFi? Decentralized Finance or DeFi is a system that aims to provide financial services that are open, unlicensed, transparent and available to everyone without a centralized authority.

And currently the majority of online games follow a centralized model. This means that all the data involved is stored on a server which is completely controlled by the game administrator.

What is Cyclops Finance?
Cyclops Finance is a new Hybrid DeFi Ecosystem which combines the DeFi system with the Game Market, the platform developed by them provides a new Blockchain solution that provides a Decentralized system for gaming.

Their ecosystem combines the DeFi concept and asset representation via NFT to create a new multi-functional and decentralized gaming hybrid ecosystem. Cyclops Finance's hybrid decentralized platform allows new decentralized games to be developed via Blockchain technology easily as well as being a layer 2 bridge for conventional games allowing games to interact with the Blockchain efficiently. Their platform allows conventional game developers to migrate the games they develop to Blockchain and turn them into new Decentralized games.

Cyclops Finance acknowledges Cyclopes' solidarity and strength. In addition, currently, Cyclops Finance is making a cyclops game featuring three Cyclops brothers who live on the island of Sicily. Game Cyclops is a cross-breeding / NFT developed from a general yield cultivation project, an NFT cultivation project formed into a game / puzzle dapp, and is also a game stage that allows ordinary games to be effectively combined with the blockchain and customize their game resources.

Game Cyclopes builds an expedition experience game type that has alternate levels with genuine luck at the end of the game. This fortune claims to be the fortune that the Cyclops siblings tragically lost. Only players with a fighting spirit, will, might be able to enter the caves and whoever clears the level can guarantee a reward.

Each adventure in different levels awaits different types of monsters around him, you can choose and buy your own mighty character depending on the fighting style of gameplay you want. Also, the higher the level of the adventure you successfully complete, the bigger the reward at the end!

Core Features
Cyclops Finance creates a new Ecosystem with a variety of interesting features, providing a unique new experience while playing games and simultaneously participating in banking through the Decentralized Financial system. Some of the important features are;

Optimus Chain
Cyclops Finance is developing a new ecosystem based on Blockchain technology, This is a new system that uses NULS / Nerve Network technology to enable cross-chain interoperability interactions. They will also develop their own chain which enables Hybrid systems with multiple chain interactions easily and efficiently.

Staking
A feature that provides users with a way to earn through assets they own, Provides a new unique system that allows playing games and earning Passive Income at the same time. Unique Concept offered with a lucrative Lock-Up Period and Prize Pool.

Treasure island
Treasure Island is one of the features designed in which the user fights through various campaigns and against enemies to find treasure. Inside the treasure, there are prizes that players can claim after completing certain campaigns, Users can convert to ETH or CYTR when they complete them.

Hephaestus Workshop
A feature that allows its users to trade and sell their NFTs. It is a Marketplace platform designed to provide the best secure experience for every user. Users can create their own shop on the market and contribute to the economy of Cyclops Finance.

Tournament
Providing players with events to compete against each other, Tournaments are one of the unique features that are driven to win prizes. Users can also create their own Tournaments and compete with each other, providing a unique gaming experience using Blockchain Technology.

Currently, DeFi concepts such as Yield farming are being combined with NFT (Non-Fungible Token).

What exactly is NFT ?
NFT is a type of cryptocurrency token that represents a special asset. They are basically token versions of the real world or digital assets. Non-exchangeable tokens can be used as proof of authenticity and verifiable ownership on the blockchain network.

In addition, NFTs are not interchangeable and can create scarcity in the digital market. NFTs can be integrated into games, used as collectibles, domain names, tokenized real-world assets, for music, event tickets, and so on.

In addition, NFTs are full of potential and could make a huge contribution to the DeFi sector. Therefore, NFTs can be used as collateral, for staking, Yield-NFT farming and liquidity mining in DeFi ventures.

Since, NFT was used in the DeFi aspect, Cyclops Finance has emerged to allow people to participate in the successful combination of the DeFi and NFT concepts.

The Cyclops game's featured characters and creatures include:

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The Cyclops Finance token is called CYTR and all assets you own can be sold with CYTR. Game Cyclops lets you assess your own assets when you buy your own characters and equipment for your first adventure. Users can also set up mini markets within the platform, where they can list and trade freely created assets / NFTs. Hephaestus Workshop is an all-in-one NFT and Marketplace and Factory game asset, meaning that any community member or user can take advantage of CYTR to create their own custom asset / NFT with easy steps.

Native / Governance Token Information:

  • TOKEN NAME: CYCLOPS TREASURE
  • TOKEN TICKER: CYTR
  • TOKEN CONTRACT: 0xbd05cee8741100010d8e93048a80ed77645ac7bf
  • TOTAL SUPPLY: 1000
  • PRICE (BY COINGECKO): 274.83 (As of 11/29/2020)

Market potential
DeFi market is currently more than $ 15 Billion and will continue to increase every year, On the other hand the Gaming market is also one of the fastest growing, More than $ 100 Billion and of course Cyclops Finance has the potential to become one of the largest Blockchain game platforms with various features that interesting. The combination of Blockchain Technology and Gaming provides a new ecosystem that will enter the market.

Original Currency
The Cyclops Finance ecosystem will use 2 native currencies which are tokenized via Blockchain Technology. The first is the Cyclops Treasure (CYTR), this is a governance token that allows its holders to receive a portion of the revenue from the Game Cyclops platform and the second is the Cyclops Currency (CYCR) and it is a native platform token that allows its users to earn rewards when betting using this token . For more details, you can check here; https: //cyclops.gitbook.io/cyclops-game/

Roadmap

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In conclusion, the Cyclops Finance gaming platform is growing rapidly and will be of great interest to participants worldwide due to the features of the decentralized platform, better rewards and easier monetization of game assets unlike a centralized platform.

For Detailed Information Visit the Link Below:
Website: https://cyclops.game/
Twitter: https://twitter.com/CyclopsFinance
Telegram: https://t.me/CyclopsFinance
Medium: https://medium.com/@cyclopsgames
Discord: https://discord.com/invite/dbuEXdm
White paper: https://app.gitbook.com/@cyclops/s/cyclops-game/

Author: Homio
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2865336
ETH Wallet Address: 0x3e9D0A5f1eA321a35AAec9629827123860d7Ea09

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