PREAMBLE
Despite the insurgence of Coronavirus, crypto investment has flourished. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Cyclops, a Hybrid DeFi project, focused on developing highly customizable blockchain solutions for gaming has arrived.
"Online gaming is a multi-billion dollar global industry. It is a phenomenon in itself that brought the world of entertainment to new heights. As such, technological innovation continues to disrupt the industry and provide new and exciting content as well as related services to improve the user experience. One of the latest innovation to create a buzz in the world of gaming is cryptocurrency. The introduction of blockchain aims to make online transactions faster, more secure and decentralized.
Mobile gaming contributes to half of the revenue generated by the entire industry. Unlike traditional games played using consoles and computers, mobile games use a free-to-play model. Users can install and play any game they want, but progress is only possible when you buy in-game items. Because old-fashioned elbow grease is too time-consuming, billions are spent by users each year on in-app purchases."
With that being said, Cyclops is Combining the concept of DeFi yield farming and assets identity representation through NFTs to develop a decentralized gaming platform.
Just so you know, Decentralized Finance (DeFi) is one the unique innovation that is trending in the crypto sphere because of it's aim towards providing a fully decentralized financial system. DeFi comprise of financial applications that functions effectively through decentralized blockchain.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is Cyclops Finance?
As depicted above and as indicated on the official website of Cyclops Finance, Cyclops Finance is a new Hybrid DeFi Ecosystem that combines the DeFi system with the Gaming 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, decentralized gaming hybrid ecosystem.
Furthermore, 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.
Cyclops Finance's hybrid Decentralized platform allows new, Decentralized games to be developed via Blockchain technology with ease as well as being a layer 2 bridge for conventional games that allows 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.
DeFi is a unique Innovation and continues to play an important role in the evolution of the banking and non-banking sectors. First, DeFi extends its functionalities, Cyclops Finance is one of the projects that develop this potential with their Hybrid Ecosystem which provides a new unique gaming system. Ecosystem designed by Cyclops Finance Expanding the global economy with their multi-functional system, giving users a unique system where they can play games and simultaneously participate in banking via the NFT and DeFi system.
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.
The Benefits
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.
The Features
Hephaestus Workshop
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.
About The 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.
Users are able to setup mini - marketplace within the platform, where they can list and trade the created assets/NFTs freely. Hephaestus Workshop is an all-in-one NFT and gaming assets Marketplace and Factory, which means that community member or any user can leverage CYTR in creating their own custom asset/NFT in easy steps.
Token Details
Token Name - Cyclops Treasure
Token Ticker - CYTR
Token Contract - 0xbd05cee8741100010d8e93048a80ed77645ac7bf
Total Supply - 1000
Current price (by Coingecko): 208.99
Below are the Info links;
Uniswap Info Link
https://info.uniswap.org/token/0xbd05cee8741100010d8e93048a80ed77645ac7bf
Uniswap Trading Link
https://app.uniswap.org/#/swap?outputCurrency=0xbd05cee8741100010d8e93048a80ed77645ac7bf
Proof Of Liquidity Lockup
https://v2.unicrypt.network/pair/0x4ddae4cb4aa7e7dc400153cb55b17397e5f577c9
RoadMap
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://cyclops.finance/
Telegram: https://t.me/CyclopsFinance
Twitter: https://twitter.com/CyclopsFinance
Discord: https://discord.com/invite/dbuEXdm
Medium: https://medium.com/@cyclopsgames
Github: https://github.com/CyclopsFinance
Bitcointalk Username: Cryptoholical
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2487106
Telegram: @Cryptoholical
ETH Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c
Proof of Authentication: https://bitcointalk.org/index.php?topic=5305069.msg55999929#msg55999929
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.