DeFi Land play-to-earn game has announced the successful completion of its initial decentralized offering (IDO) on Raydium, Gate.io, and Solanium. The team was able to sell 100 million DFL tokens during the event and the digital asset will now be listed for trading on the FTX and Raydium exchanges on November 24, 2021.
DeFi Land Completes IDO
DeFi Land, the play-to-earn game designed to teach players the workings of the decentralized finance (DeFi) ecosystem while also enabling them to earn juicy yields, has officially concluded its IDO on Raydium, Gate.io, and Solanium, selling off a total of 100 million DFL tokens (one percent of the DFL supply) to participants.
With the successful conclusion of the IDO, the DFL token, which is the native crypto and governance token of the Solana-based play-to-earn game, will be listed on Sam-Bankman Fried’s FTX exchange and Raydium on November 24, 2021, at exactly 4 P.M UTC.
DFL token will be the lifeblood of the DeFi Land ecosystem, enabling holders to participate in key governance processes, staking, trading, in-game NFT minting, and more. The DeFi Land project is backed by Play-to-Earn and Solana heavyweights including Jump Capital, Alameda, and Animoca.
“We are thrilled to announce the public sale of DeFi Land tokens.DFL will be used to govern our gaming ecosystem, stake, trade, craft non-fungible tokens (NFT), and more. Members of the DeFi Land community can expect various in-game use cases for our token, which will give them multiple ways of earning and learning,” said the team.
Promoting Learning Via P2E Gaming
While experts have touted decentralized finance as the future of finance, a good number of newbies still find it a herculean task navigating their ways through the industry and as such, miss out on the benefits it has to offer.
However, the DeFi Land team has designed the game to help DeFi noobs to understand the basics of the rapidly evolving space, whilst having fun and earning real rewards. DeFi Land is structured as a farming simulation game where each crypto is represented by a flower or a plant.
Gamers are required to manage their virtual farms and cultivate different crops. And when these virtual plants start growing, they will, in turn, start earning real yields. The game also features a “practice mode,” where gamers can learn the basics of yield farming using demo tokens.
“As play-to-earn games are triggering excitement in the crypto ecosystem, DeFi Land aims to take the “DeFi degen” culture of farming and effectively ‘playing’ with assets to earn money. DeFi Land can be considered as a gamified interface for DeFi , rather than a stand-alone game,” the team declared.
While DeFi Land is powered by Solana (SOL), the team says it’s making serious plans to bring interoperability to DeFi Land, to make it the gateway into the world of yield farming for crypto noobs.