3 entertaining game-coins to brighten your mood during the crash
No one likes a crash, particularly when you have money involved in it. However, as with all bad things, crashes are always temporary and history has yet to see a crash which the financial system hasn’t recovered from.
Therefore, while we’re waiting for the crypto market’s recovery, here are 3 gaming-related cryptocurrencies which can distract you from the current crash and be interesting investments. The last one, Quitriam Finance (QTM), is currently pre-selling its native token.
Axie Infinity (AXS)
Axie Infinity (AXS) gained notoriety as Covid-related restrictions heightened, leading people to seek ways to supplement their income. Axie Infinity provided everything they could hope for: earn money while gaming.
Axie Infinity developed a virtual world replete with Axies, NFT-based creatures that may be purchased, collected, confronted in online battles, bred with one another to create exclusive sub-Axies, and a lot more.
Each of these Axies are NFTs, meaning that data related to their ownership is stored and publicly accessible on a blockchain, making their value and transactions unfalsifiable.
These Axies proved extremely popular as they generated over $4 billion in sales revenue since Axie Infinity’s launch, making it one of the leading play-to-earn (P2E) platforms, alongside Decentraland (MANA) and The Sandbox (SAND).
Before playing this game, you will therefore have to buy an Axie first, but this can be a worthwhile investment that could multiply your money if you excel at the game.
Axie Infinity also has a native token, AXS, which currently trades for $21.54, its lowest level since July 2021, an attractive entry point for this popular project in full expansion.
Gala Games (GALA)
Gala Games (GALA) is yet another blockchain-based P2E and game development platform, though a lesser-known one than Axie Infinity.
GALA, the native cryptocurrency of Gala Games, serves as the project’s governance token and may be staked by its holders in order to contribute to the Gala network’s security and generate additional returns in the form of GALA tokens.
Gala Games distinguishes itself from other similar projects by adopting a resolute community-centric approach. Indeed, its 16,000 network nodes are entirely run by its users, who are then rewarded for this service with GALA tokens.
As opposed to the majority of gaming platforms offering a single game, Gala Games offers a diverse selection of games, including role-playing, Minecraft-like, and even city-planning ones, among others.
Over a dozen more games are being developed and expected to come out throughout 2022, making Gala Games one of the most vibrant and dynamic gaming ecosystems of the moment.
Figures speak for themselves: since its inception in 2019, Gala Games has amassed 1.3 million monthly active users and sold over 26,000 NFTs.
GALA is an excellent and lesser-known investment to gain exposure to the popular and fast-expanding P2E space.
Quitriam Finance (QTM)
Token presale for QTM, the native token of Quitriam Finance, is presently underway and expected to begin trading in early July.
QTM’s current price of $0.000023, a 40% premium over its initial Phase 1 price of $0.000016.
Just as GALA tokens, QTM will possess governance features, enabling its holders retain influence over the project’s development will be gained by QTM token holders participating in community votes, proposing improvements, and participating in board debates.
Quitriam Finance also plans to offer staking opportunities to its users, just like Gala Games, and therefore plans to reward users who decide to lock their QTM tokens to secure the Quitriam network with additional QTM tokens.
Additionally, users can search the Quitriam Finance ecosystem’s mines in order to find rare mithril ore, which can be utilised to make yield-producing NFTs through searching. These NFTs and items, alongside QTM tokens will be tradable on Quitriam Finance’s local decentralised exchange (DEX), Quitriam Swap.
In the wake of the TerraUSD (UST) turmoil, Quitriam Finance is planning to issue its own stablecoin, dubbed Quitriam Coin (QC).
If interested, you can access the project’s whitepaper directly on its official website, linked at the end of the article.
Learn more about Quitriam Finance