DND
DungeonSwap
$0.00889603AUD
Market Cap
45.2K AUD
24H Trade Vol.
13 AUD
Total Supply
5.2M

Important Notice

Deposits and withdrawals are not currently available for this coin.

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What is DungeonSwap?

DungeonSwap is a decentralised finance (DeFi) role-playing game (RPG) built on the Binance Smart Chain (BSC). It merges traditional RPG elements with DeFi features like staking, yield farming, and non-fungible tokens (NFTs), providing a platform where gamers can engage in a unique gaming experience while earning rewards.

How does DungeonSwap work?

DungeonSwap functions by integrating various DeFi mechanisms into a gaming environment. Here are the main functional components:

  • Liquidity Fountain: Players can stake their crypto assets to earn DND tokens over time.
  • The Dungeon: A rogue-like web game where participants combat enemies to gain DND tokens.
  • Boss Battleground: A team-based battle feature where players use NFTs to enhance their chances of victory.
  • NFT Integration: Players can create and upgrade NFTs to better their gameplay and potential earnings.

What are the potential use cases for DungeonSwap?

DungeonSwap can be utilised across multiple sectors:

  1. Gaming Industry: Implements a play-to-earn model and enables NFT trading for additional income.
  2. DeFi Applications: Users participate in yield farming and liquidity provision.
  3. Cross-Chain Interoperability: Potential inclusion of cross-chain bridges for asset transfer.
  4. NFT Marketplaces: Custom NFT marketplaces for trading digital assets.
  5. Financial Inclusion: Promotes decentralised finance activities such as staking and yield farming for gamers and investors.

What is the history of DungeonSwap?

DungeonSwap launched as a novel concept integrating DeFi elements into a decentralised RPG. It has faced security challenges, such as a significant exploit in February 2023 where an attacker stole substantial funds by manipulating the price of DND tokens. Despite such hurdles, it continues to evolve, striving to offer a fair distribution of profits and a decentralised gaming experience combined with financial incentives. The team announced a halt in farming operations in September 2020, indicating periods of operational and developmental challenges.

Coin Contract Addresses

0x14c358b573a4ce45364a3dbd84bbb4dae87af034

Resources

Category
Gaming and Entertainment
Source Code
Github