Tuesday, June 28, 2022

What is GuildFi? All Ins & Outs!

2021 and the beginning of 2022 have been explosive for gaming projects, especially play-to-earn projects. Organizations that connect games, NFTs, and communities are a logical result of so many games entering the blockchain ecosystem. GuildFi is such an organization. In this article, we will give you a summary about GuildFi.

What is GuildFi?

GuildFi is a Web3 platform that aims to combine communities, games, and NFT technologies in order to create an ecosystem. Finding potential games and accessibility are always problems for all players. GuildFi’s mission is to solve all the problems while enhancing performance and optimizing rewards for users.

Here are some problem that GuildFi aims to solve:

  • For blockchain gamers, since P2E is in trend, buying and earning NFTs can be quite a challenge. Similar to Decentralized Finance at the very first start, P2E games lack particular tools for gamers to approach NFTs and make profits. GuildFi provides gamers with the needed tools to access NFTs easily.
  • For P2E developers, technical advice on their blockchain products is always a must. This not just to help upgrade their products, but also a chance to collaborate and to learn with other developers. GuildFi is aiming to create a large community for this purpose. Advices and thoughts from players are the most accurate answers that developers need. A large number of players joining the game at an early stage will help to promote and introduce products to traditional players and investors, which can increase the demand for NFTs and possibly raise the token value of the project.

GuildFi Ecosystem

The GuildFi ecosystem has two key elements:

  • Gaming Center
  • Zones

GuildFi Ecosystem

What is the Gaming Center?

Gaming Center: the key component of user onboarding. This is the starting point for participants in the Metaverse.

The Gaming Center has 4 features:

  • GuildFi ID: your GuildFi passport, which allows you to access the entire GuildFi ecosystem.
  • Game Discovery: Helps users discover games & helps developers to find their customers.
  • Guild Discovery: A scholarship of GuildFi, helping users from all over the world have the chance to join P2E games.
  • Proof-of-Play Rewards: A classification system that allows developers in any game to analyze gamers’ activities. Gamers, in return, will earn experience points (GXP). These GXP points reflect the levels and corresponding rewards.

What are Zones?

Zones: The Guild Zone, NFT Zone, and Tools Zone are dedicated engines that drive business operations to bring value to GuildFi’s ecosystem as a whole.

  • Guild Zone: GuildFi platform that includes all the P2E products, such as GuildFi Guild, Guild-as-a-Service (GaaS), and Guild Network.
  • NFT Zone: GuildFi’s first launchpad in the NFT market is the Metadrop Launchpad. Metadrop offers limited NFTs and Game Offering to the project users. GuildFi will engage more in the NFT market with many catching products in the near future.
  • Tools Zone: Tools that provide services to GuildFi users and developers, with features such as Scholarship Management, Game Status, Leaderboard, Card Explorer, and PvP Simulation.

GuildFi Token (GF)

$GF is the platform’s utility token, which is utilized in the governance mechanism and for post project ideas. GF holders, in particular, will enjoy the following advantages:

  • Earn rewards
  • Access to Game tools
  • Participate in the Metadrop
  • Get in-game or Metaverse items
  • Get into the game earlier
  • Own a part of Metaverse
  • Governance in the DAO mechanism

GuildFi GF Token

GF Token & GuildFi ecosystem

Aiming to be the first layer connecting to Metaverse, GuildFi prepared a large amount of features for their users, from the GuildFi ID, Game Discovery, Guild Discovery, Proof-of-Play Rewards to Metadrop Launchpad. There are still many features yet available, and still in secret.

Furthermore, the value of the GF token will rise in perfectly sync with the growth of the GuildFi ecosystem, as follows:

  • Revenue is made through P2E games.
  • Revenue from Play-to-earn guilds and scholarship programs.
  • NFT sales & IGOs (Initial Game Offerings).
  • NFT asset value & the yield produced from different investments.
  • NFT usage transaction volume.
  • NFT asset lending across the ecosystem.
  • Value of a token associated with a metaverse project.

GuildFi DAO member benefit

In order to become a GuildFi DAO, staking GF is a must. Being a member of the GuildFi DAO allows you to access various bonuses and opportunities based on the number of GF tokens staked. Bonuses are split into tiers.

GuildFi member’s benefits are as below:

  • Staking rewards
  • Limited NFT allocation & Token airdrops from games
  • Individual players or groups have access to special tools

Governance

The principle of Governance and DAO is to guarantee that everyone has the right to deliver their thoughts and opinions. Depending on the amount of tokens and interests you possess, your opinions will influence the whole network.

GuildFi wants to be a decentralized DAO, which will maximize their efficiency where each user’s best interests are prioritized. The more tokens you have, the more you crave for profit; therefore, you will choose what is best for the GuildFi platform. The aim is that this raises the value of GF tokens, creating a circumstance in which all participants are adequately rewarded.

Norah
Norah is a big fan of the concept of a cashless economy. She is addicted to discovering and learning about new ideas that can bring convenience to society, both now and in the future. She believes that the crypto and blockchain world is not just a new trend to expertise, but a whole new era to learn and get used to. “Never stop learning, because life never stops teaching.” - Kirill Korshikov.

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