I provide a brief list of 10 things everyone should know before joining defi kingdoms. This list is by no means exhaustive as there is much more to learn and know about defi kingdoms tokenomics, but here are some basics that everyone should be aware of.
When I start playing defi kingdoms I realize, there are a few things that the game doesn’t tell you when you start. It took me 3 months to learn everything about this so…
Here are 10 things you should know before enter defi kingdoms:
#1 It is not free to play
you will need to have 1 one harmony token to enter the game. If you don’t have the fund yet but want to check the game out. Don’t worry I got you, all you need to do is go discord for serandale beginner and ask someone willing to send to your wallet one harmony cost 12 cents. That’s how I start it. I was using crypto.com and they make me wait 7 days to withdraw my fund which was way too long the reason they too verify my bank to their exchange.
#2 Questing
Right now 11 heroes and I just bought another 1 last night whoo hooo, a total of 12 heroes. At this stage right now there are no pve, pvp only profession quest and you have to do quest every day to get a goodie and level your hero.
So it is a repeatable and grinding task. I don’t mind doing quests everyday because I love this game but what about you can you be able to quest hero twice per day one in the morning and one at night. One month two month or even 1 years 2 years.
They just rolling out new training quest so you can earn more.
#3 Gardens
A lot of people on discord or even reddit they want to start DeFi Kingdoms the first thing they want to get in is garden which is make sense to get your feet wet.
But there is impermanent loss associated with any sort of liquidity providing.
What is impermanent loss?
Impermanent loss happens when you provide liquidity to a liquidity pool, and the price of your deposited assets changes compared to when you deposited them.
The bigger this change is, the more you are exposed to impermanent loss. In this case, the loss means less dollar value at the time of withdrawal than at the time of deposit.
If you still want to know more about the impermanent loss I will leave the link below article from binance explain to you really clear.
There are withdrawal fees so if you might need the funds quickly, think twice before depositing these, 8% if withdrawing in 1 hour, 4% if withdrawing within 1 day of staking, 2% if withdrawing within 3 days of staking 1% if withdrawing within 5 days, 0.5% if within 5 days. Epoch is considered a specific period of time.
#4 Buying Hero
I love heroes I’m investing in them because I believe this project long term. However, if you want to buy hero you have make a decision is this hero going just quest gathering material or pve & pvp.
Another the tips I want to share with you is go straight buy advanced class.
However, this is your game you play whatever you like, do your own research and buy hero wisely. If you plan to summon don’t buy hero with 0 summon left because you can’t give birth to another hero.
You’ll know that when you get rewards from the profession quests, 1/3 of the outcome depends on the level of the two applicable stats (i.e. for Mining — Strength and Endurance), whereas 2/3 depends on the level of the profession skill (which you just level up as you do that quest). So if your hero have green stat on their profession send them to that quest. And that how you make money let me show you knight
#5 Summon
Summoning a hero is very complex, you will need to do a lot of research and patient. What I mean about research? You will need to figure what pair you going to summon, what is their gen look like, what is their profession? Do you have enough budget to summon?
You want to play safe summon is buy gen 1 with 10/10 summon but you will need to pay a lot upfront cost to buy the parents or you want to play risky summon buy gen2 hero and summon? You get the hero cheaper you do make a lot of profit but if you unlucky you will lose money.
If you love to learn more about summon I do have a video about it make sure you check out here.
#6 Airdrop
The team will reward you if you participate event, The current airdrop right now if you hold xcrystal in Crystalvale you will get raffle ticket to win gen 0 and those gen 0 worth $20k – $50K.
The airdrop before like they giving out land if player hold certain xjewel, earn crystal buy summoning and level hero. I will leave the link below where samichpunch mention previous airdrop. The sooner you get the better chance you will win something.
#7 Alchemist
I love crafting materials and sell in the market. The item that I want to craft it actually cost more than just selling the raw material. Let me show you what I mean Stamppot
#8 Buy One Harmony
You can buy one harmony using ramp but they do charge cash advanced if you using credit card. And you do need to pay % APY to your credit card company which it happen to me. So another way you can buy one harmony is using crypto.com. I buy tether or xlm from Coinbase send to crypto.com then send to my meta mask wall. Or you can use kucoin. So it is not easy like you swipe the credit card.
#9 Jeweler (the bank)
You can stake your jewel or crystal the bank and it is safe. You can withdraw anytime you want and no withdrawal fees. The only thing is not great, they don’t have attractive APR% like gardens have.
#10 Discord
They have a very strong community, if you have questions please come to discord and there will be people willing to help you. This is part of the reason why I invest my money into this game because they care about their player, not like Axie Infinity they don’t care about you.