After the Defi trend emerged as a strong phenomenon and increasing speed. But now, Defi is entering a cooling phase, the market needs an inevitable correction to balance price and capitalization.
What is the next trend after Defi? The answer is definitely NFT – (Non Fungible Token) – Non-fungible token. Up to now, NFT has gradually proven its role as an intermediary bridge to bring the concept of blockchain and crypto assets into a value portfolio, an effective way of applying blockchain in real life.
One of the most useful uses of the NFT token is in the field of online game platform development. The most typical projects can be mentioned as Cryptokitties , SandBox , .. And one of the next projects that need attention is Peafarm – a new farm game platform of NFT, which is said to be the successor. redundancy and development between NFT and Defi.
I WHAT IS PEAFARM?
- Overview:
Peafarm is a form of crypto game that applies blockchain industry practice to creating a unique, completely independent and irreplaceable product.
Peafarm's network and protocol not only creates a miniature society in the game, but it also generates surplus value measured in digital assets. The traditional concept and approach of “Game is an entertainment game” has been transformed by their team into “Game is a financial investment”.
Precisely in the world of Peafarm, your game is also a profitable value-creating activity.
2 . Basic Blockchain Platform:
Peafarm is developed based on the TRON 4.0 platform, the latest Great Voyage version of the TRON ecosystem.
For crypto projects working on games, the number of transactions and token exchanges between accounts will be a lot. Therefore, this is a plus point of this project, when using TRON's blockchain will allow users to minimize transaction costs to the maximum.
Moreover, the transaction and processing speed of the TRC network is also far superior to its rival platform, ERC. From the user's side, Peafarm is a project created with the goal of giving players in the ecosystem as many benefits as possible.
II. Products and Operation of the Peafarm Ecosystem
Product:
Peafarm is a virtual farm game system that uses blockchain and NFT technology to create various digital asset values for the purpose of unleashing creativity and giving ownership to players.
Each NFT has a special and unique value that cannot be divided or replaced by another. NFT tokens carry the characteristics of scarcity, security, and high authenticity.
Unlike some other projects, Peafarm released the Open Beta game on November 30, 2020 before they opened Pre-Sale on December 8 for the purpose of allowing their community to visit and play the game. play the game before they release the official version. And until now when you read this article, the Peafarm game version has been fully launched and every Farmer can grow crops on the virtual land of the game.
The game interface is very friendly and easy to use, just like other entertaining farming games.
Specifically, when participating in the game, you will be provided with a garden system with basic functions such as planting land, barns, houses, ... your task is to buy seeds and plants for your farm. themselves and begin to care until the harvest.
Harvest time every hour you will receive PEA tokens, you can harvest manually or use the automatic harvesting function from the system.
In the game Peafarm you will start with level 1, and you can upgrade your farm to a higher level to get more profit. Expanding the farm size you will also grow and raise many breeds to increase productivity.
Starting from Level 2 onwards you will be able to choose your own interface with two Asian and European civilizations.
A special feature in the Peafarm game ecosystem is that each seed product is an independent NFT token, and the number of issues is limited. This is what makes the game attractive when the number of seeds is scarce and the players who join later will have to buy seeds from the previous farms. Peafarm will develop the Auction Market function so that all users in the community can trade and exchange their items here.
How Peafarm Ecosystem Works:
There are 5 main functions in the Peafarm ecosystem and these 5 functions all serve the main activity of playing games and generating profits from investment in the project.
Games: Players can cultivate crops on their virtual garden in exchange for valuable PEA tokens.
Auction: An auction market is a place where players can freely sell items and interact with others in the community.
Staking: Mechanism for paying block rewards to participants in confirming transactions by contributing shares to network nodes through Cold Staking nodes.
Farming: Get your stake through contributing to the liquidity creation process for the protocol.
Exchange: Trade PEA on listed exchanges, you can trade PEA with other currency pairs like BTC, ETH, TRX, USDT, ....
III. What is PEA Token?
In the Peafarm gaming ecosystem, the Pea token acts as a base currency that is traded and used primarily in all gaming and investing activities and applications.
Specifically, Pea performs the following main functions:
Payment and use on Peafarm platform:
– PEA token is used in the ecosystem to pay for items, seeds, … or upgrade production machinery and equipment to increase productivity and profit for the farm.
– Sell items harvested from the crop in exchange for PEA tokens.
– Use as a liquidity method for the auction feature.
PEA Governance:
– Owning PEA tokens means you have the right to vote on important ecosystem work. The more tokens you hold, the more votes you get
– The PEA token is also the base coin to create many other child tokens in the Peafarm ecosystem.
Staking and Farming:
Profitable investment from Stake and Join nodes that provide liquidity to the Liquidity Pool of the protocol requires the use of the platform currency. The PEA token is the base cryptocurrency that helps you generate profits from these financial investment instruments.
Virtual Land:
PEA tokens are used to buy ownership of valuable virtual lands that are used to invest in farm expansion.
You can also exercise your right to transfer your property to someone else. All of this is clearly expressed on the smart contract.https://pea.farm/account/register?refId=03529380-b96d-4ffc-aa4b-8adaef7088d5
Foundation:
The project's PEA Foundation was established to support and provide operational costs for the development project. This is an important step that demonstrates the vision and certainty of the Peafarm team.
Therefore, the PEA token plays a fundamental role in creating liquidity and anchoring long-term value for the Peafarm community to thrive.
IV. PEA Token Details:
Token name: PEAFARM
Ticker: PEA
Blockchain: TRC20
Contract: TPZwZjcnGeoTGk6K8hhsc8nSuLpcaWEYkV
Token Type: NFT
Consensus: Delegated Proof of Stake
Total Supply: 15,000,000
Circulating Supply: 1,500,000
PEA's total allocation:
The total supply of PEA is 15,000,000 tokens divided into 5 parts by Peafarm team as follows:
PEA . token distribution diagram
PEA TOKEN ALLOCATION
Angel Investor 500,000
Public 1,000,000
Team Dev 3,000,000
Staking & Farming 9,500,000
Marketing 1,000,000
– 3.3% of PEA tokens for Angel Investors in the first Sale phase.
– 6.67% of PEA tokens are open for public sale via live auction on their websitePEA.FARM.
– 20% of PEA tokens are reserved for the development team of the project, this token will be used to invest in blockchain upgrades, completing the application features of the project in stages.
– 6.67% is used for communication, marketing and implementing affiliate programs for Peafarm partners.
– The remaining 66.3% of PEA tokens will be used for Staking & Farming program to help create liquidity and long-term profitability for the ecosystem.
With the above allocation, it can be seen that the actual amount of PEA circulating in the market is extremely small. Whereas PEA is used a lot in Peafarm ecosystem for internal transactions.
It can be said that there are few projects where the token has as many applications and creates a powerful exchange as Peafarm. As long as the main currency of the ecosystem is in good circulation, the upside potential for holding the asset for holders is limitless.
V. Summary:
Among the applications of NFT, it can be said that the game application is the most popular and effective. And what is more special than the farming game Peafarm shows a game familiar to human life. However, in addition to the entertainment and creative elements in the game, the Peafarm ecosystem is also a golden egg for people to invest financially when generating many attractive profits from Staking & Farming. Furthermore, when you play the game and harvest the items, you can convert all your farm produce into valuable PEA tokens.
Those are real values, not virtual assets like regular online games.
This makes the project really attractive, because the number of users involved in video games is huge, and the number of investors, traders, etc. participating in the crypto market. also increase gradually with each new growth cycle.
It can be said that the strategy and direction of the Peafarm team is quite smart and sure when launching the platform's products before the token sale. This helps strengthen investor and player confidence in the midst of a rapidly changing market like crypto.
Obviously, this is a potential and reliable project for you to choose to invest in.
While every day goes by, we see the birth of hundreds of crypto projects large and small, but only a few can survive and survive or is it simply a spectacular trick, when without any real products or applications.
Peafarm is a potential ecosystem that you should consider in your portfolio.
Accurate Information Pea Farm :
website: https://pea.farm/
twitter: https://twitter.com/PEAFARM3
linkedin: https://www.linkedin.com/company/pea-farm/about/
telegram: https://t.me/PEAFARM_chat
media: https://pea-farm.medium.com/
Author
User Name : Bigfootv2
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2763302
BSC Wallet : 0x9F5a0bA06D4E1201247A9BF78424f95e8c649fE7