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Is DeFi Transformation Necessary? Leveraged mining platform Alpaca ventures into NFT and GameFi, using sheep and camels to play to earn.

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Is DeFi Transformation Necessary? Leveraged mining platform Alpaca ventures into NFT and GameFi, using sheep and camels to play to earn.

The leverage mining platform Alpaca Finance ALPACA, built on the BSC Binance Smart Chain, announced on September 30th its foray into NFT Avatars, avatar-style NFTs, and Play-to-Earn GameFi chain games.

Recently, we have seen the launch of avatar-style NFT Bored Ape coin projects, and DeFi platforms such as XY Finance and Alpaca Finance are incorporating game-used NFTs into financial ecosystem applications. It seems that to attract both groups, DeFi and NFT teams are actively integrating the two concepts.

Here is a summary of information on Alpaca Finance's NFT project:

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Alpaca Finance NFT Sale Time

Alpaca Finance NFT will release a total of 10,000 Alpies, with 5,000 Alpies each issued on BSC and Ethereum, in separate series called The Dauntless and The Dreamer. It is said to be created from over 200 hand-drawn traits and categorized into common, rare, and epic NFTs, each with different attributes.

Attention! Different sale times, methods, and prices:

5,000 The Dauntless on BSC

  • Sale Time: October 19th, 10:00 PM GMT+8
  • Quantity: 5,000
  • Sale Method: Dutch auction starting at 8.88 BNB, decreasing by 0.16 BNB per hour, with a floor price of 1 BNB
  • End: When sold out, or if the floor price is reached within two days, sales will remain open for five more days

5,000 The Dreamer on Ethereum

  • Sale Time: October 27th, 10:00 PM GMT+8, may implement a whitelist
  • Quantity: 5,000
  • Sale Method: Not using a Dutch auction, floor price will be higher than the average selling price on BSC
  • End: When sold out

NFT Project Highlights: ALPACA Holder Rewards, GameFi Applications

To add functionality to NFTs, Alpaca has designed rewards for existing token holders, benefits for DeFi users, and future applications in GameFi.

ALPACA Holder Benefits

Proceeds from NFT sales will allocate 5% to charity, and 20% will be used for buybacks, burns, or distribution to ALPACA holders. Additionally, in the secondary market resale of these NFTs, 2.5% of the 5% royalty fee will also be used for these rewards.

DeFi User Benefits

  • Holding NFTs allows up to 50% higher leverage than the highest leverage available on Alpaca Finance

GameFi Applications

  • Holding NFTs will grant allocations of future game tokens
  • Possible NFT airdrops in the future
  • Access to play the Alpaca chain game beta
  • Prioritized advantages in the Alpaca chain game
  • Exclusive in-game items
  • Advantages in breeding game characters
  • Access to exclusive Discord groups
  • Exclusive physical goods

ALPACA Game Release Time: Q2 2022

The Alpaca chain game will be launched in the second quarter of 2022, where players will need three Alpies, similar to Axie Infinity. It is said to feature ten games, with over 50 different types of professions based on NFT character traits, each with unique variations.

In fact, the gameplay combining DeFi in Alpaca chain game was already planned, including features like open staking and DEX; moreover, the chain game masterpiece Star Atlas on the Solana chain will also be launched in 2022, incorporating complex NFT+DeFi mechanisms. The actual development of various projects in the future is worth looking forward to.