What is DeFi Land (DFL)? Everything you need to know about DFL Token

Have you ever thought about farming Sunflowers or Corns? That might sound strange at first but everything is real digital assets. DeFi Land offers unique features to gamify usual activities in DeFi, making them more interesting. In this article, we will discover everything about one of the most unique gaming platforms on Solana, DeFi Land.

What is DeFi Land?

DeFi Land is a multi-chain agriculture simulation web game created to gamify decentralized finance. The game will focus on bringing features from traditional platforms to gather everything in one place. Typical elements of game playing will be transitioned to investment activities in the game.

Developed on the Solana blockchain, the project offers a fast, cheap and secure platform for users to ensure every experience is smooth through a gamification model. On the other hand, the Solana ecosystem is expanding rapidly, creating excellent opportunities to attract users and developers.

See Also: All you need to know about Solana (SOL)

How does DeFi Land work?

The unique point of DeFi Land is that it will not create a new ecosystem as we have seen in other protocols. Users can utilize well-known AMMs/DEXs/Lending protocols through the gaming platform while still enjoying their favorite activities. 

The founding team stated that they will try to accelerate and improve established DeFi platforms and gamify their functionalities to make them better and more friendly in DeFi Land.

For example, Yield Farming in their game will be using a different interface with other platforms. Each asset in the pool represents a friendly name of a represented digital asset such as SOL-Sunflower, USDC-Corn and so on. The functionality will be the same but these changes will help users to enjoy their activities even more. 

Not only that, DeFi Land offers several remarkable features for both Web and Mobile users. The v1 version offers unique features such as:

• Swap.
• Liquidity providing.
• Staking &Yield Farming.
• Governance.
• Customizable lands.
• Educational land (Practice Mode).
• Achievements.

The DeFi Land v2 will be released at the start of 2022 with more gamified experiences:

• Lending & Borrowing.
• Indices.
• NFT marketplace.
• Interactive Chat.
• Predictions & Betting.
• Unions, clans and battling *Various fun mini-games *Tournaments *Ethereum, Terra and BSC lands.

As we can see, all the complex products of DeFi will be gamified to create smooth and enjoyable experiences for users. 

What is DFL Token?

DFL is the native utility token that is used for:

• Competing, betting, tipping.
• Trading in-game assets and NFTs.
• Used for governance votes.

Detailed information about DFL Token

DFL Token Metrics

• Token Name: DeFi Land Token.
• Ticker: DFL.
• Blockchain: Solana.
• Contract: Updating…
• Token type: Utility, Governance.
• Token Standard: SLP.
• Total Supply: Updating…
• Circulating Supply: Updating…

DFL Token Allocation

A total of 110,000,000 DFL tokens are distributed as follow:

DFL Token Sale

DeFi Land will be available for purchase on Solanium and Raydium. 

• Solanium: In order to participate in the token sale, you will need to go through the whitelisting process to win the lottery. The token price is $0.005 USDC and there will be 20M tokens in distribution.

• Raydium: The sale details on Raydium AcceleRaytor are not announced yet. We will keep you updated as soon as any news is released.

How to buy DFL 

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How to mine DFL

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How to store DFL 

It can be stored on Coin98 Wallet as soon as it is available on the market.

Roadmaps and Updates

This is the roadmap published by the founding team.

In Q4 2021, there are few important updates of DeFi Land:

• Integration with Orca, Saber, Solfarm.
• Public sale phase end.
• Public launch of the game.
• Quests and achievements.
• NFT Integrations.
• Assistant - farming/portfolio guide.

Team, Investors, and Partners

Team

Investors

One of the most important news of DeFi Land is that the project is officially granted by Serum. This will support the development of the project and improve the user experience on the platform.

In addition, the project is also funded by Alameda Research, Aminoca Brands and other investors.

Partners

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Is DFL a good investment?

This article has provided some of the main ideas related to the DFL token and its implications. You should always do your own research before making any investment decisions.

However, it is important to note that there are a few key points that investors should take into account before investing in this project: 

Marketing strategies in the current DeFi world are losing their efficiency as new projects are constantly following strategies of established ones. The unique redesign of decentralized finance through gamification will definitely improve user experience in DeFi Land. However, it is still too early to put any conclusion as the project is not officially live yet.

The Solana hackathon event was open to engaging with talents around the world to build new projects and boost the ecosystem. There were over 13000 builders and 350 teams who submitted their projects. However, DeFi Land won second place with $10,000 in the prize. This proves their product’s quality and unique ideas have huge potential to come out on top.

GameFi has been one of the hottest trends in the crypto space this year. The global gaming industry value has now exceeded $300 billion this year and still has a huge potential. The market cap of Axie Infinity as the most successful project skyrocketed to over $8 billion this year single-handedly, which explains a lot about the GameFi market right now. The concept behind DeFi Land is very unique, we can totally expect it to be a big thing in the near future.

Similar Projects

Axie Infinity: is an NFT-based online video game developed by Sky Mavis which is based on Ethereum Network. Users can earn AXS tokens by playing the game.

Conclusion

I hope you have gained all of the important information about DFL including its features and highlights throughout this topic.

If you have any questions about DFL or want to know more about DFL, please feel free to leave a comment below and join Coin98 Community for further discussions about Crypto.