Welcome to the first episode of our metaverse crypto of the week series. This series will be a weekly series where we pick one of the best performing metaverse coins, analyze it, and give future projections of the coin.
For our first episode covering the first week of January 2022, we focus our light on Defi Kingdoms (JEWEL) which has been among the top-performing metaverse coins of the week. Pick a cup of coffee and let’s delve into this coin and maybe at the end you might just decide to add it to your bag.
DeFi Kingdom Info
|Market Cap Rank||#99|
About DeFi Kingdoms
DeFi Kingdoms is a blockchain game on the Harmony ONE network that combines the aspects of decentralized finance (DeFi) and play-to-earn. DeFi Kingdoms appears to be a decentralized exchange platform similar to Uniswap and Pancakeswap on the surface. Users can, however, engage with it by employing game-like mechanics like summoning heroes and owning items, land, and buildings to increase yields.
JEWEL is the currency of DeFi Kingdoms, and it can be used to buy NFTs such things, heroes, and kingdoms. Holders can also invest in a liquidity mining pool to receive a return on their investment. Finally, JEWEL can be used to vote on governance proposals for the project’s future and expansion.
The game is still in its early stages, and more features such as player vs. player, player vs. environment, and resource collection are on the way.
In the last 7 days before writing this article, JEWEL has performed very well and did over 63% and giving good returns to investors as data gotten from Coingecko shows.
Further Reading: Top 6 Rare Metaverse Coins Under $0.6
How To Purchase JEWEL
As stated earlier, Defi Kingdoms has its own decentralized exchange just like Uniswap, called Defi Kingdoms. Therefore, the purchase of JEWEL is mainly done on the platform. The exchange has 24 coins and 110 trading and a good trading volume.
With the current surge of people into play to earn games, Defi kingdoms will surely see more people trooping, and therefore the value of JEWEL is sure to rise. Apart from the weekly performance which is the focus of this article and series, you can also check the whitepaper of Defi Kingdoms to know more about the project so you can decide if to bag it long term or just for short term profits.