DeFi or decentralized finance is simply a financial system that does not require mediation or third parties to function, it is built around digital tokens and integrates smart contracts as well as the blockchain technology to provide lasting solutions for the world's financial challenges.
The use of the blockchain and cryptocurrency has totally revamped our financial system. Besides decentralization, it facilitates borderless transactions and can scale beyond limits, One of the major areas the blockchain technology is thriving besides finance is the gaming industry.
The gaming industry has always been a major source of fun and relaxation for the global population, it has experienced a meteoric increase over the years as a result of its noticeable contributions to life. Meanwhile, let us consider CYCLOPS, a DeFi project that has developed customizable blockchain solutions to provide dynamics in gaming.
AN INSIGHT INTO THE CYCLOPS SYSTEM
Cyclops Games is a hybrid DeFi project that is focused on connecting DeFi yield farming and Assets Identity Representation via NFTs to create a gaming substrate where game developers can possibly trial their games on the blockchain structure as well as earn from monetizing their game assets.
With CYCLOPS, developers can generate game decentralized applications which will allow members of the community to own their favorite game assets or the network's native token and either of those confers on them the eligibility to earn yield rewards proportional to the amount of tokens or game assets they own.
The Cyclops is the leading substrate that will give gamers the experience they desire, each level of cyclops game is an adventure of treasure hunting, and anyone who.successfully completes each level will be rewarded with treasures of the cyclops brothers, however, for one to successfully participate in each level, it requires the use of non fungible tokens which are made available to gamers on the cyclops finance substrate.
Some of the outstanding facts about the Cyclops platform include
Gamers are allowed to purchase and own game assets like creatures, weapons and characters unlike other platforms.
Non fungible tokens(NFT) made available for purchase on the Cyclops finance platform, this token is required for participation and completion of a particular stage of cyclops game.
Owners of NFT are given a free hand to decide on how they intend to sell their assets (auction or fixed price) and are also eligible to constant rewards by staking their assets.
- Game assets are available for purchase on the cyclops platform only with the CYTR tokens.
**PECULIARITIES OF THE CYCLOPS PLATFORM
HEPHAESTUS WORKSOP
A marketplace where members of the community can trade, create or purchase game assets in a seamless decentralized manner.
EASY ACCESS TO THE PLATFORM
Participants will be given easy access to every area of the platform. With an interface that is easy to navigate, cost effective and user friendly, they can enjoy their experience even on their mobiles.
ON-DEMAND PRICE BEHAVIOUR
The level of demand of the cyclops game assets will ascertain the price or cost attached to them, these game assets confers the right to earn massive benefits on the platform to its early holders.
GREAT VALUE FOR GAMERS
Cyclops proffers not only an amazing gaming experience but also great value for users time and resources via an array of intriguing games that suits users unique tastes and needs.
USER CRYPTO MARKETPLACE
Another interesting aspect of the cyclops platform is that users within the ecosystem will be allowed to create a marketplace where game assets can be listed and exchanged on the Hephaestus workshop.
TOKEN MODEL(CTYR)
The cyclops finance substrate has successfully developed a unique cryptocurrency known as the CYTR which will aid operations and functions within the network.
It is an Erc20 token that will be used for the purchase of game assets, incentives, and transfer of value, this token confers to its holders voting rights, discounts and other bonuses on the cyclops platform.
ROAD MAP
CONCLUSION
Cyclops finance platform is setting the bars quite high as far as blockchain gaming is concerned, providing an array of addictive games, empowering users tonowb game assets, a trading marketplace for game assets and a governance digital token that will facilitate operations of the network.
Cyclops platform is the future of blockchain games, with this platform, gamers will not only be able to enjoy adventurous games but also receive rewards and bonuses for doing what gives them maximum satisfaction.
MORE INFORMATION
Project website: https://cyclops.finance/
Website: https://cyclops.game/
Discord: https://discord.com/invite/dbuEXdm
Media: https://medium.com/@cyclopsgames
Twitter: https://twitter.com/CyclopsFinance
Telegram: https://t.me/CyclopsFinance
Github: https://github.com/CyclopsFinance
Uniswap link: https://info.uniswap.org/token/0xbd05cee8741100010d8e93048a80ed77645ac7bf
Uniswap transaction link: https://app.uniswap.org/#/swap?outputCurrency=0xbd05cee8741100010d8e93048a80ed77645ac7bf
AUTHOR’S DETAILS
Bitcointalk Username: Nancyo
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Eth Wallet: 0xeF728a6f7aB532bac5b2662B9eE6a0C097bc5243