GameFi.org GAFIPrice $ 0.368

GameFi (GAFI) is a decentralized finance (DeFi) platform for blockchain gaming. It also serves as an NFT marketplace for play-to-earn crypto games. It offers all of the necessary tools for building games, making it easier for developers. The resulting games can utilize Polygon and Binance Smart Chains blockchains. 

The overall ecosystem goes even further. It includes a gaming accelerator (it includes the needed tools and templates for easier integration of blockchain components into the systems), yield guilds (a source of passive incomes, that allows the participants to earn without playing), a DeFi wallet for more complex financial interactions, a game launchpad, mini-games for newcomers and many other things. The resulting all-encompassing solution is useful for gamers, developers and investors alike. 

GAFI is the platform’s token, mainly used for governance and staking. It is also used for yield fees, as well as discounts at the platform’s NFT marketplace. 

The project is developed by a team led by Hai Duong. Most of the team is based in Vietnam and the platform was launched in 2021. Being backed by Icetea Labs and DAO Maker, accelerated the growth of the project. 

What are GAFI's key features and how does it work?

The worlds of crypto games and decentralized finances (DeFi) have been co-existing and the all-around blockchain gaming platform can be useful. GameFI serves exactly that niche, offering a versatile all-encompassing solution that would help gamers and developers alike. 

GameFI works on the play-to-earn business model and mainly acts as an NFT marketplace. 

The platform is powered by the GAFI token. It’s a BEP-20 solution that plays a large role in the platform’s economics. The list below shows what it offers: 

Staking and governance. The voting rights are granted to those who stake GAFI. The list includes voting on important decisions, such as new features and upgrades and helping shape the project’s future. 

Discounts. Those who hold GAFI token can get exclusive discounts in the marketplaces, allowing them to buy NFTs for less. Discounts on trading will also be received.

Supporting liquidity of the platform. The GameFi hub charges fees in the form of GAFI tokens. This will boost the ecosystem’s overall liquidity at the secondary markets and add more coins to circulation. 

The fees within the ecosystem. There are different types of fees: trading ones, acceleration fees for accelerator and launchpad and yield fields for those who use the system’s Yield Guilds (a solution that offers an ability to earn money without playing). These fees will push the growth of the platform in the long run. 

Where can you buy GAFI?

The GAFI tokens are available to buy at several exchanges: KuCoin, Gate.io, BKEX, Hoo, and PancakeSwap (V2). The coins can be traded against cryptocurrencies such as ETH, as well as stablecoins such as USDT. 

How can you store GAFI?

The GAFI tokens are connected to the Binance Smart Chain Mainnet. This means that any BEP-20 compatible wallet should be sufficient. 

Mining

GAFI coins are not minable and total supply of the tokens is limited to 15,000,000 GAFI. The tokens are mainly earned through in-game activities, but there is a staking program available, as well as other earn-without-playing activities.