My Defi Pet (DPET) Review
Welcome to the world of My Defi Pet, a game that combines NFTs and decentralized finance to create a one-of-a-kind way to earn experience in exchange for real monetary rewards.
The game is easy to grasp and makes for a lot of fun. Players collect pets that are traded as NFTs, giving them true value, and can then train, battle, or breed them to create new pets.
Every pet is unique and original, with tons of distinctive features and attributes. Your pet will never have the same combination of size, shape, color, or extra features as another pet, making them truly one of a kind and desirable.
As battling is one of the main features of My Defi Pet, each pet has battle stats such as HP, strength, and defense. Some pets are more powerful than others, giving them an advantage in battles and therefore a much higher price tag. The winner of each battle will win a cash prize, meaning powerful pets are the most useful and valuable.
The best part of all this is that you are genuinely earning real money while enjoying My Defi Pet, so you can have fun and fill your wallet at the same time.
How Does My Defi Pet Work?
To start, players must first purchase a pet. This can be achieved in two ways. The cheapest option is to randomly summon a pet, which is a gamble as you do not know what kind of pet you will receive. Alternatively, My Defi Pet hosts daily auctions in which players can bid on specific pets. Although you will know what you are purchasing, this can be much more expensive.
Once you have your first pet, it’s time to start enjoying the game. There are loads of things to do here, and you can decide to play however you like. Do you want to collect the best-looking pets, or are you looking for some powerhouses that are going to win you lots of battles? It’s entirely up to you.
Pets can be trained through battles to gain experience and eventually evolve, changing their form and gaining more firepower. Once you have more than one pet in your NFT collection, you can breed them to create a baby pet that will combine the features of its parents.
Although every pet is unique, certain features are rarer than others, making them more desirable to collectors. Breeding pets with these rare features can continue these genes and result in an extremely valuable child.
My Defi Pet operates on a seasonal basis, offering rewards more frequently than other ways to earn monster collecting games. It is a social NFT platform on which players can make friends, trade, and socialize with other players from around the world in a fun environment.
How My Defi Pet Breeding Works
If you have a pet with some ultra-rare features, then you might want to think about breeding it. Breeding two pets will result in a baby that inherits its parents’ genes, taking features from both its mother and father.
As you are mixing two different pets, you are not necessarily going to get the specific feature you want the first time, but you can breed as many times as you want until the offspring has the desired features. Just remember, breeding does cost money, so you might not want to go crazy breeding right away!
You can breed your pet with another player if you both agree to this. However, the offspring will always go to the mother’s owner first. This can then be traded or bought by the owner of the father if they want.
How Does Defi Pet Trading Work?
To streamline trading on its platform, My Defi Pet has created an auction NFT marketplace where sellers can auction off their pets and other players can bid on them. The seller can set the parameters, such as the minimum bid, and can also choose not to sell if they think the bids aren’t high enough.
These are all open auctions-meaning anyone can get involved and are supported by all internet browsers, creating a fun platform that is easy to use and understand for both sellers and buyers.
What Are DPET Crypto Tokens?
DPET is the currency that fuels the ecosystem in My Defi Pet. Operating on the Binance Smart Chain and KardiaChain, all transactions on the site are made using this crypto-token, including purchasing pets and items and paying for breeding.
The idea of the DPET token is to create a secure ecosystem where everyone is trading with the same currency, streamlining the game.
If you decide to sell one of your pets, you will be paid in DPET, and for winning battles and completing other in-game tasks, you will be rewarded with some DPET that you can either use back in the game to purchase goods or trade on a DEX for another currency.
These tokens have real value in the world of Defi. However, they can only be used in the My Defi Pet ecosystem. This encourages users to spend their winnings in the game and keeps the economy flowing.
But wait, it doesn’t stop there. Besides being used for all in-game trades, winnings, and purchases, DPET is also a governance token; that is, it gives the holders a chance to vote on the running of the platform.
To become a part of this voting cycle, you need to stake your DPET. Voting weight is calculated proportionally; those with more DPET staked will have a stronger vote than those with a small amount staked.
Staking provides some liquidity for the platform to operate and payout rewards, so in this way, you can think of it as an investment. There are two ways to make money with this: You can earn DPET while you are staking, which is like making money in the real world.
My Defi Pet is a game that combines the modern technology of decentralized finance and NFTs. All pets in the game are traded as NFTs, so they have real value and cannot be stolen or replicated. The decentralized finance aspect comes in the form of the native DPET token, and this can be used in itself to earn passive income or trade in the game.
Currently operating on the Binance Smart Chain and KardiaChain, the game hopes to branch out and become fully cross-chain soon, meaning DPET and pets will be available for trading across many different blockchains, including Ethereum and Polygon.
With its simple play-to-earn model, players can make real money in the form of DPET simply by playing the game and utilizing their NFTs to complete tasks. The game is still taking baby steps, and the full potential of the platform has yet to be realized, but it looks set to blow up in the coming months, meaning an investment now could see you pulling in great returns in the future.
So, if you want to play a fun monster collecting and battling game that can offer real money rewards, head over to My Defi Pet today to see for yourself what all the hype is about.
- To streamline trading on its platform, My Defi Pet has created an auction marketplace where sellers can auction off their pets and other players can bid on them.
- Besides being used for all in-game trades, winnings, and purchases, DPET is also a governance token; that is, it gives the holders a chance to vote on the running of the platform.
- My Defi Pet is a game that uses the new technology of decentralized finance and NFTs to make it fun to play.
- All pets in the game are traded as NFTs, so they have real value and cannot be stolen or replicated.
Further My DeFi Pet Information
- My DeFi Pet
- Price $0.201
- Market Cap