Overview
Online gaming has undoubtedly become a phenomenon that can no longer be ignored. Millions of people across the world play a variety of games — some professionally, some casually. While gaming was a niche a year ago, it’s now the norm for many young people. Play-to-earn tossed around a lot lately. Play-to-earn is exactly what it sounds like — a business model where users get to play a game and earn cryptocurrency while doing it. It’s a very powerful psychological model because it combines two activities that have been driving mankind since the dawn of time — making money and entertainment. The key component in this model is to give gamers ownership over certain in-game assets and allow them to increase their value by playing the game actively. Usually, in the crypto world, defining the ownership and even transferring it is possible through the use of non-fungible tokens (NFTs).
Play2earn games that are free2play don't let you earn enough money to make a living, while good-paying play2earn games have a huge initial cost, not affordable for most players. Most play2earn games have the same returning tasks every day. Playing turns into doing the same tasks day by day, so playing turns into a form of working.
For players looking to get involved in these blockchain-based games and start earning cryptocurrency and NFTs, here is another potential project is 11Minutes.
What is 11Minutes?
11Minutes is not a single game, but a series of games in which the aim is to achieve a high score within 11 minutes. Creating a Game Series with totally new Games for each Session. Distributing big rewards funded by NFT Ticket Sales for Game Sessions. Adding an NFT Farming mechanism to let the NFT Tickets stay valuable after the Game Sessions.
The game challenges the players with new and exciting weekly play-to-earn games. The player must obtain a maximum score within 11 minutes in each game. The reward-based ecosystem of the platform offers the players the best gaming experience with high ROI and at a low investment on their part. Players can enjoy four gaming sessions every day and strengthen their position on the leaderboard.
Features of 11Minutes
Low Initial Cost - To participate in 11Minutes Game session you don't need tons of money to get your gaming ticket. To mint the NFT you will need to pay roughly 45$ and because it is on polygon you need to pay gas fees lower than 0.01$
High Returns - Getting a high rank on the leaderboard will bring you high rewards as the funding from NFT sales will go into the prize pool.
New Game Each Session - With each game session you will have to play a new game. There will never be a returning game so it will never get boring. You will have 11 minutes for each game to learn it and hit a high score.
NFT Staking - Besides getting into the top 25% of the leaderboard, you can use your NFT for staking. When you use your NFT for staking you will earn $ELVN. It will ensure that every player will earn with every NFT they hold and always get their initial investment back and earn money on top of that.
How Does 11Minute Work?
First of all, the player must have minted an NFT to participate in a game session.
The price is $ 45, which is the average price you would pay for a new game.
After the minting event is over, the gaming event begins.
You have 24 hours to start your own game session and set a high score within 11 minutes.
You can restart as often as you like in your 11 minutes and break your own high score.
The highest rating is entered in the leaderboard together with your wallet address and your NFT Token ID. Based on your position on the leaderboard, you will receive a profit that will differ from session to session.
When all NFT Tickets have been sold, the first game session will give a total of $ 270,000 in prize money. First place receives $ 80,000, second place $ 20,000 and third place $ 10,000 for 11 minutes of play!
If you reach the top 25% of the leaderboard you will receive $50 as a prize.
In an ecosystem, every holder will profit from NFT Staking. 11Minutes NFTs will give you the possibility to earn money in multiple ways.
ELVN Token
The ELVN Token is a BEP20 Token on the Binance Smart chain with a fixed total supply of 1 billion. ELVN is used to build an ecosystem around Game Series and for powering our GamePad.
Token Information
Token Name: 11Minutes
Token Ticker: ELVN
Total Supply: 1 billion
Network: BEP-20
Token Utilities
Token Staking - $ELVN will be used for staking and staking rewards with stable APY rates
NFT Minting - To mint Game Ticket NFTs and get into the game, you will need to use $ELVN token
Play2Earn Rewards - The rewards for the daily and weekly game sessions will be paid in $ELVN
NFT Farming - To create extra rewards for players of the gaming sessions, even if they don’t reach a good spot in the leaderboard, the Game Ticket NFT’s will be useable for NFT Farming. The farming rewards will be paid in $ELVN
InGame Purchases - In future versions of the games you will be able to create your own character. To further individualize your character, the players will be able to buy skins and other accessories with $ELVN
Tier System - 11Minutes will also work as a launchpad for new play2earn games in the space. For taking part in those launches, users will need to buy Tier NFTs, which will only be purchasable with $ELVN Tokens
gELVN Token
The gELVN Token is the counterpart of ELVN in the Gaming Dimension, where it will be used to take part in the Game Series, for Staking, and for minting Tier NFT’s with which you will be able to create a passive income and take part in Private Deals. The value of 1 gELVN is 1 ELVN. After the TGE the wormhole will be activated and every gELVN holder will be able to transfer their tokens into the Crypto Dimension and turn them into regular ELVN Tokens.
Roadmap
Conclusion
Play2Earn sounds more like a promise that has not been kept. In the games where you can really make money, like Axie Infinity, entry is simply not possible for many players. The ELVN token will be multidimensional, existing in both the crypto and gaming dimensions. Switch between the dimensions seamlessly. While the switch from crypto to gaming dimension does not entail any charge, users switching from gaming to the crypto dimension will have to pay a minimal fee. You can buy, trade, and sell your tokens on crypto exchanges easily in the crypto dimension However, auto-farming isn’t available in the crypto dimension. While in the gaming dimension, the token will be known as gELVN and can be used for a variety of purposes. For example, the token can be used to buy NFTs, get yourself on the tier list, and participate in IDOs.
Read More Here
Website: https://elevenminutes.io/
Twitter: https://twitter.com/11minutesnft
Telegram: https://t.me/minutes11
Medium: https://medium.com/@11Minutes
Discord: https://discord.com/invite/cxMzwcVxR6
Proof of Author
Bitcointalk username: Cryptonator7
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3362397
Telegram username: @Superindian46
BSC address: 0x00F6C7066f8030E03F257fB77FF47F30A055Bca5