DFKChain

    DeFi Kingdoms Blockchain is an EVM compatible chain. Follow for important information/updates on the chain and the ecosystem developing on/around it! In this dashboard, we will examine it and the behavior of its users.

    Introduction
    • DeFi Kingdoms is a play-to-earn game that operates on a DeFi protocol and has plans to become a fully-fledged MMORPG. It offers DEXs, liquidity pool opportunities, and rare utility-driven NFTs through the DFK Chain, which is an Avalanche subnet. The game has an immersive online world created in fantasy pixel art.

    • The team behind DeFi Kingdoms are big fans of blockchain technology and DeFi innovation. They wanted to create a game that could fully embrace the potential of blockchain technology in a fun and engaging way. They wanted to incorporate features such as leveling up, daily quests, and rare NFTs that impact rewards and returns. The team decided to jump headfirst into production and created DeFi Kingdoms.

    • The DeFi Kingdoms team wanted to create a DEX that allows token holders to own a valuable and usable token that gives back in fun ways. They have incorporated DeFi elements into an engaging game experience for JEWEL, CRYSTAL, and JADE token holders. The team is committed to the long-term success of the project and has plans for future phases to ensure maximum success.

    DeFi Kingdoms Blockchain

    • Information about DFK Chain, an Avalanche Subnet With the DeFi Kingdoms: Crystalvale expansion, DeFi Kingdoms introduced its own blockchain, which handles gameplay transactions in Crystalvale and hosts the Crystalvale DEX. The DeFi Kingdoms Blockchain, or DFK Chain, was built in partnership with Avalanche using their .

    DFK Chain Advantages

    • DFK Chain uses for gas. This adds additional utility to the JEWEL token and simplifies life for players so that they don't need to hold an out-of-ecosystem token just to pay for gas fees. Using JEWEL for gas means that we can better control gas prices. This mechanism allows us to ensure greater stability in the network and keep fees as low as possible for our users. In addition, DFK Chain only handles transactions for DeFi Kingdoms and our partners, on RPCs managed by Ava Labs and POKT, with more nodes to come. That means that block speed and transaction finality are not placed at the whim of the blockchain as a whole, giving us more control over user experience.

    Gas Fee Distribution

    • Gas fees are collected by a smart contract and then distributed as follows: 25% is given to the designated wallets of the validators. This allows us to attract more validators and further decentralize the chain. 50% is burned. This will continuously increase the value of JEWEL by implementing a consistent burn mechanic and deflating the supply. 25% will be sent to the to reward our community and players.

    Bridged JEWEL and Gas

    • A protocol is in place to automatically exchange JEWEL bridged onto the DFK Chain for the native gas token. No special action is needed on the part of players to handle this. The implementation of DFK Chain does not impact the total cap of JEWEL. There is also an option to wrap JEWEL into wJEWEL, as needed, in Crystalvale. This process is handled automatically when trading on the Crystalvale DEX.

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    Methodology
    • All statistics and information have been displayed since 9 months ago.
    • Data from Avalanche tables have been used for analysis.
    • Bar charts are weekly.
    • To get the price of JEWEL token, swaps information is used.
    • Tables used:
      • avalanche.core.fact_decoded_event_logs
      • avalanche.core.ez_token_transfers
      • avalanche.core.fact_hourly_token_prices
      • avalanche.core.ez_dex_swaps
      • avalanche.core.fact_transactions
      • avalanche.core.dim_labels
    JEWEL Price History
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