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Decentral Games Launches New Initiatives as it Seeks to Revamp its Tokenomics

Posted August 26, 2022 9:06 pm
4 min
By Jethro Sandico

Play-and-Earn game Decentral Games launched on August 18, ICE Pokers Flex app, the new Tournament Mode open beta, and Delegation v2. 

The team will be hosting another ICE Poker Flex test session on August 24, from 12pm EST to 4pm EST.

ICE Poker

In October 2021, Decentral Games launched ICE Poker, a metaverse poker game that allows players to earn through daily challenges and contests. Players are required to purchase an NFT first before receiving chips for in-game tokens $ICE and experience points (XP).

ICE Poker Flex

Decentral Games also launched the ICE Poker Flex app, a mobile platform which can be used to access the new Sit-n-Go (SNG) Tournament Mode.

Tournament Mode

Launched on the mobile platform ICE Poker Flex, ICE Poker’s 6-player “Sit-n-Go” Tournament Mode is a fast-paced single-elimination tournament where competitors can win redeemable badges. Using the badges, participants can gain prizes such as ICE Wearables, $ICE tokens, and $xDG tokens.

Aside from the excitement that the Tournament provides, it also has other benefits such as the burning of $ICE tokens for deflationary purposes, as well as creating a quicker way for skilled players to acquire Wearables.

To join Tournament Mode, participants are required to own an ICE Wearable and Shine (a requisite for entering all kinds of tournaments). Each type of wearable grants players access to Tournament Mode on various platforms.

A Tournament Wearable, as well as an All-Access Wearable can be used for ICE Poker Metaverse and ICE Poker Flex, while a Flex wearable can provide entry to ICE Poker Flex only. 

ICE Wearable NFTs

Players can use ICE Wearables to earn ICE by completing daily challenges playing poker. The team distributes wearables to the community through drops on the game’s own Marketplace. Players may view, buy, and delegate their iced NFT wearables via the DG Account page.

As of this writing, there are 42.8k ICE wearables on OpenSea. Ranging from hats, shoes, blazers, and even armors, these items can be obtained for as low as 0.347 $ETH and as high as 999 $ETH.

Delegation v2 

One of Decentral Games’ main focus is Delegation v2, a governance decision which aims to bolster the game’s Play-and-Own framework and create a more sustainable in-game economy. 

Since 90% of the game’s active users are delegated players, they have become the core of the project’s player base. Unfortunately, their options to reinvest into the game economy remains limited, resulting in the frequent dumping of $ICE rewards.

In a bid to provide incentives in favor of player ownership, Delegation v2 took effect with the release of the new SNG Tournament Mode on August 18.

Part of the implementation includes the introduction of “Banked ICE,” rewards for delegated players in place of $ICE tokens. Using Banked ICE, players are only allowed to spend their tokens using one of four paths including purchasing in-game accessories at a discount, or redeeming Banked ICE at a 70% haircut.

To lessen irregular activities that can lead to price discrimination, users are required to hold a minimum of 6,667 Banked ICE, before they can claim more than 2,000 $ICE. 

Moreover, Delegation v2 will also create a -55% drop in ICE emissions, which will make the token deflationary. A digital asset that won’t depreciate in value will entice more participants to “HODL” instead of dumping them and dragging the price down to the trenches.

What is Decentral Games?

Decentral Games is a Play-to-Earn game built as a venue inside the Decentraland metaverse. Owned and governed by its users, Decentral Game is categorized as a Decentralized Autonomous Organization, and powered by the native governance token $DG.

As avatars, users can socialize and compete in multiplayer digital gambling contests. Currently, Decentral Games include games such as backgammon, blackjack, poker, roulette, and slots.

Tokenomics

$DG

$DG is the governance and utility token of Decentral Games. The ERC-20 token is also an incentive that users can obtain through games, or as liquidity incentives/governance rewards. Fees generated by the platform are gathered in the DAO treasury and will be distributed as rewards and winnings.

As of this writing, $DG is trading at $0.06013 with a $33,388,692 market cap, and a 24-hour volume of $822,047 (per CoinMarketCap).

$ICE

$ICE is an in-game currency used to upgrade in-game items and for incentivizing player liquidity. As of this writing, $ICE is trading at $0.008712, with a $2,759,986 market cap, and a 24-hour volume of $318,021 (per CoinMarketCap).

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