Cryptocurrencies and their core blockchain technology are being implemented as the next-big-thing after the establishment of the internet. One of the main area where these technologies are having a major impact is Gaming sector. Basically blockchain is a form of distributed ledger technology which has the great prospective to transform major financial and economic institutions and bring it to lower cost, safer and faster execution of transactions, improved intelligibility, auditability of operations, and other benefits.
Gaming Industry is one of the biggest innovations of blockchain technology in the development of NFTs, known as non-fungible tokens. Cyclops Finance is a gaming platform where NFTs are fully being utilized. Cyclops is a hybrid DeFi project that is focused on developing highly customizable blockchain solutions for gaming.
The technologies implemented by Cyclops combine the concept of DeFi yield farming and assets identity representation through NFTs to develop a hybrid decentralized gaming platform. Hybrid decentralized gaming platform of Cyclops allows decentralized games to be developed on the blockchain with ease, also serves as a layer 2 bridge for conventional games to hybridize and interact with the blockchain. Cyclops Finance can be defined as an immutable token farm project that is transformed into a game dapp.
Cyclops Finance Platform
Cyclops Finance is a NFT project developed from a typical yield farming. The idea of the project is to create a decentralized gaming platform where game assets can be owned by any of the player, allowing them to win some rewards when their assets are used by other players. Gaming asset owners are allowed to sell or trade their assets with others. The Cyclops platform allows everyone to create their own custom game-linked assets that are subjected to approval. This is great news for everyone who loves to play gamers online.
Cyclops Finance is having an innovative approach, which is combining DeFi yield farming and non-reciprocal tokens with interesting idea by discovering fun games and puzzles. Cyclops games are created in multiple stages or levels. In each of the level there is an adventure in which players hunt for treasures and real treasures are received when the player completes the level. Since the Cyclops Finance platform is blockchain-based, it has a completely decentralized structure. It allows traditional games to easily integrate with powerful blockchain technology and monetize game assets. Cyclops platform is a gaming platform built on the Ethereum blockchain network.
Cyclops Game operates using a dual token system.
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Cyclops Treasure (CYTR)
Cyclops has two tokens, CYTR considered for a Management /Governance token. Holders of this token are sort of shareholders in Cyclops Game. They are entitled with a passive income generated by Cyclops Game. CYTR token holders have the right to vote on both the integration of assets as well as the developmental goals of the platform.
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Cyclops Currency (CYCR)
CYCR is the platform’s rewards token. Holders of this token can stake and earn rewards with the help of CYTR. CYCR can be used in the staking of other DeFi projects as well. Also these tokens can be utilized to purchase gaming assets.
More Information About Cyclops Finance
Website: https://cyclops.finance/
Twitter: https://twitter.com/CyclopsFinance
Telegram: https://t.me/CyclopsFinance
Medium: https://medium.com/@cyclopsgames
Whitepaper: https://cyclops.gitbook.io/cyclops-game/
Discord: https://discord.com/invite/dbuEXdm
Github: https://github.com/CyclopsFinance
Youtube : https://www.youtube.com/channel/UCe8CeFKNLogKZ0XJm4fn18Q
AUTHOR
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