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What Is Gods Unchained (GODS) Crypto?
Gods Unchained (GODS) is a cryptocurrency used in conjunction with one of the most popular blockchain-based collectible card games. It is a free game, similar to Hearthstone or Magic: The Gathering, but offers a range of unique mechanics and possibilities that blockchain technology enables.
The primary function of the $GODS token is to serve as an in-game currency that players can spend whenever they want to mint a new asset. Players can mint new assets by combining cards to create NFTs or purchasing an expansion pack directly. In either case, the $GODS token fuels players to develop new, valuable game resources.
Gods Unchained solves the problem of ownership rights in the digital world by using blockchain technology to grant players real ownership of their cards. Each card in Gods Unchained is a unique, non-fungible token (NFT) stored on the Ethereum blockchain, meaning it cannot be reproduced or destroyed.
In addition to functioning as an in-game currency, the $GODS token can be used for governance. Token holders can vote on proposed changes to the game and, in this way, influence the games future development.
How Does Gods Unchained Work?
Gods Unchained is based on the Ethereum blockchain and uses a special type of token called ERC-721, or NFTs. These tokens are unique and cannot be exchanged, meaning that each card in Gods Unchained is unique.
The Forge in Gods Unchained allows players to create new NFTs that can be used in the game or traded on the marketplace. At a basic level, players can combine two identical 'plain' cards (i.e., non-NFT cards) to create a 'Meteorite' version of that card, a process that mints the asset on Immutable X and creates a new card with real value.
Players can also use $GODS tokens to purchase items in the Gods Unchained store, with 20% of all primary sales and 20% of all secondary trading fees in Gods Unchained needing to be paid in $GODS. Buyers can choose whether to spend their own $GODS for purchase to save some ETH/USD or if they would rather keep their $GODS for another purpose.
Gods Unchained also uses a staking model, where players can stake their $GODS tokens to receive rewards. These rewards are distributed from the staking rewards pool, which consists of $GODS generated from the games operation.
History of Gods Unchained and GODS Token
The idea for Gods Unchained came in 2018 from James and Robbie Ferguson, the co-founders of Immutable. They recognized the potential of blockchain technology to revolutionize digital ownership in video games and decided to test this concept by developing a collectible card game.
In 2019, the Gods Unchained team launched a closed beta of the game, which became a massive success. By 2021, the game had over 500,000 registered players and had played more than 4 million games.
The team behind Gods Unchained is part of Immutable, a company backed by various significant investors such as Naspers, Galaxy Digital, Coinbase, Bitkraft Ventures, and Fabric Ventures. Immutable has over 50 full-time employees working on Gods Unchained, many from top companies like Riot Games, Electronic Arts, and Goldman Sachs.
Key members of the Gods Unchained team include Chris Clay, the Game Director of Gods Unchained; Matt Aldrich, the Lead Art Director; Derek Proud, a producer for the team; and Arash Mahboubi, the Crypto Product Lead.
Answers
Is Gods Unchained (GODS) a Good Investment?
There are several reasons why Gods Unchained could be considered a good investment, including:
Successful Blockchain Game
It is the most successful blockchain collectible card game on the market and has a large and dedicated player base that is likely to continue growing as the game is further developed and improved.
Well-funded Project
Gods Unchained has strong support from several high-profile investors and partners. The game is financially well-positioned and has high confidence in its future.
Strong Incentives Make Gods Unchained Highly Engaging
Gods Unchained is uniquely positioned to leverage blockchain technology to grant players real ownership of their game cards. It offers a strong incentive for players to join and stay with the game, as they can enjoy playing and achieve a real financial return.
High Demand For GODS Crypto
$GODS token is integrated into the gameplay of Gods Unchained, which means there is a constant demand for the token. This could increase the $GODS price, especially as the game grows and attracts more players.
What Is Gods Unchained Price Prediction?
Several factors could positively influence the price forecast of Gods Unchained (GODS):
Market Outlook Toward NFTs and Blockchain Games
The demand for NFTs and blockchain-based games is very high, and this trend will likely continue. As Gods Unchained capitalizes on both trends, it could benefit from the ongoing enthusiasm for these types of technologies and applications.
Level of Staking Activity on Gods Unchained
The staking model of Gods Unchained could help increase the price of the $GODS token. As players stake their tokens to receive rewards, these tokens are effectively removed from the market, which could lead to a decrease in supply and an increase in GODS to USD price.
Support From Investors and Partners
The strong support and confidence that Gods Unchained receives from its investors and partners could contribute to increasing the price of the $GODS token. This confidence could lead to more people being willing to invest in the game, increasing the demand for $GODS tokens and raising the price of GODS crypto.
Gods Unchaineds Active User Base
Fourth, the fact that Gods Unchained has a functioning product with an active user base could help increase the $GODS token price. Many crypto projects struggle to bring a product to market or attract users, but Gods Unchained has already proven that it can do both.
What Is Gods Unchained Tokenomics?
The total supply of GODS tokens is 500 million, with 50% distributed to the community, 21.8% to the team and advisors, 15.2% to the ecosystem and future development, and 13% to early investors.
GODS tokens serve as in-game currency in Gods Unchained, which means they have a natural demand. They are used to mint new game cards, purchase in-game items, and participate in certain game features like tournaments.
Additionally, GODS coins can be used for staking, effectively removing them from the market and reducing their supply. It can lead to an increase in the token's price, especially if the demand for the token rises due to the growth and popularity of the game.
How to Stake GODS Token
Players can stake their GODS tokens to receive rewards through additional GODS tokens. To stake, players must deposit their tokens into a special staking contract.
Once deposited, the tokens are locked for a specific period while staked. During this time, players cannot withdraw or sell their tokens but receive regular rewards based on the amount of staked tokens.
Staking in Gods Unchained is designed to encourage players to hold their tokens for more extended periods. It creates long-term demand for GODS tokens and can help increase the Gods Unchained price.
Who Are Gods Unchained Games Partners?
Gods Unchained has several high-profile partners and investors. Some of the most notable partners include Naspers, Galaxy Digital, Coinbase, and Bitkraft Ventures.
These partners provide Gods Unchained with various benefits, including financial support, strategic advice, and access to networks and resources. Their involvement also demonstrates a high level of confidence in the potential of Gods Unchained, which can help make the game and the GODS token more attractive to other investors.
How to Use Gods Unchained (GODS)
You need a digital wallet like MetaMask compatible with the Ethereum blockchain to play Gods Unchained. Once you have set up a wallet and purchased some Ether (ETH), you can use this ETH to buy GODS crypto.
Once you have GODS tokens in your crypto wallet, you can mint new game cards, purchase in-game items, or participate in certain game features like tournaments. You can also stake your GODS coins to earn additional rewards.
Additionally, you can use your GODS tokens to vote on proposed changes to the game. It allows you to influence the game's future development and ensure that it grows in a way that aligns with your interests.
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