Polyient Games Review
Over the last few years, we have seen the world of gaming evolve in ways we never thought possible. Alongside the rise in VR technology, we have also seen blockchain gaming create entire ecosystems inside games and metaverses, reinventing the way we think about the digital space.
Just like with the rise of the internet, as we move into this new space, there will be a lot of room for new companies to emerge and become dominant forces in the future. However, the technology is often confusing, and starting up can be very expensive.
This is where you need Polyient Games.
Polyient Games has emerged as the first investment company dedicated entirely to the NFT and blockchain industry. As both a start-up ecosystem and an investment firm, Polyient Games can help creators achieve their dreams through the platform, and can even kickstart ventures started off the platform.
What Are PGT Crypto Tokens?
As a revolutionary way to give control over the platform back to the users, Polyient Games has created the Polyient Games Governance Token or PGT.
Holding PGT gives you the right to vote on any changes or decisions that the Polyient Games team would like to implement on the platform, with the holders of more tokens receiving a higher proportion of the vote. This system of governance is known as a DAO or a Decentralised Autonomous Organisation.
Generally, these votes are only about changes that impact the ecosystem of Polyient Games—such as adding new token pairings to the Polyient DEX—but as the platform evolves, the proposals could become much more exciting.
Can you Stake PGT?
Of course, this is very useful for Polyient Games’ ecosystem, as it provides more liquidity and more money for the company to invest in projects.
As an incentive for users to provide this liquidity and stake their tokens, not only do they receive a higher proportion of voting rights, but they can also earn a percentage of the profit made from the DAO treasury.
What are NFT Particles?
Previously called xTokens, NFT Particles are created to be the new standard for fractional NFTs and dual-state assets—a new and unique feature of Polyient Games.
Dual-state assets are created using the Particle Bridge, a protocol that can be used to seamlessly swap NFTs between ERC-721 and ERC-20 tokens, allowing users to take advantage of different benefits and rewards from both these formats, with NFT Particles providing proof of ownership.
What are Reward Badges?
As users complete tasks and progress within the platform, Polyient Games will reward them with special badges known as “Reward Badges.” These are one-of-a-kind NFTs that you can use to receive a higher yield from things such as farming on other platforms within the Polyient Games ecosystem.
In this way, Polyient Games can reward users for investing directly in projects that are supported by the company and encourage more activity.
What Exactly Is The Polyient DEX?
Because Polyient Games supports many different companies and protocols, they have created a decentralized exchange (DEX) within their platform that can be used to easily exchange PG tokens with other PG token pairs.
To ensure a quality DEX, Polient Games created theirs on the Uniswap protocol and Dapp. Uniswap is one of the leading DEX protocols because of its stability and security-especially when processing smart contracts-and the algorithm used in their automated market-maker is generally accepted to be the best.
What is the NFT DEX?
To ensure there is enough liquidity for the NFT market at Polyient Games, they have created the Polyient Games Utility Token or PGU. With the easy-to-use swap functionality on the NFT DEX, users can quickly and efficiently convert their NFTs into PGU, or vice versa.
The DEX operates on the Avalanche network, allowing for faster transactions with fewer gas fees. This will make it easier for everyone in the ecosystem to communicate with each other across networks.
How Does Governance Work?
Alongside PGT, Polyient Games also hosts another governance token known as PGLP. These tokens are given to users who stake their PGT to make the Polyient DEX more liquid, giving them more voting rights.
At the moment, PGT and PGLP holders have the chance to vote on any proposal put forward by the Polyient Games team or community. Most of these are decisions involving the addition of new token pairings to the Polyient DEX. Voting for a new token is very important and should not be done carelessly. Polyient Games will help it get money if it is chosen.
Using this governance model, where users invest to have a say in the business, Polyient Games is hoping to ensure all participants are active and all decisions are made thoughtfully.
With this core feature, Polyient Games can create a working treasury that can help to provide liquidity to all applications in its ecosystem and even provide grants to projects with great potential.
How Does The DAO Treasury Work?
The DAO treasury is essentially the backbone of the entire Polyient Games ecosystem. It is from here that liquidity is provided to partners and investment is given to start-up companies.
To fill this treasury, Polyient Games themselves often strategically add liquidity, either directly or indirectly, but there are other sources of income too.
All decentralized protocols and exchanges within the ecosystem will be charged a fee, which will be voted on by the DAO. All fees will be in the form of PGU or other tokens used in the ecosystem. This provides extra income and extra liquidity for Polyient Games to invest in more projects.
What Is a Particle Bridge?
The Particle Bridge is a unique feature of Polyient Games and can be used to smoothly handle conversions between ERC-721 and ERC-20 tokens. Once a token has passed through the Particle Bridge, the user will receive what’s known as an NFT particle, or a xToken, that proves ownership of their fractional NFT and creates what is known as a dual-state asset.
At the moment, the only tokens that may pass through the bridge are PGFK (a non-fungible ERC-721 token) and xPGFK (a fungible ERC-20 token), but as Polyient Games gets involved with more companies, this list is sure to grow.
Polyient Games is trying to help revolutionize the future of the internet and help budding entrepreneurs achieve their dreams in a new era of technology.
As a hybrid between an investment firm and a start-up helper, Polyient Games uses a groundbreaking way of crowdsourcing money from its DAO, investors, and other applications used within its ecosystem to create a sustainable environment where creators can thrive and investors can earn passive income with ease.
With its on-site DEX, users can easily swap tokens around for use in other applications and using its unique Particle Bridge, users can create dual-state assets that give double the benefits of regular assets.
- Polyient Games has emerged as the first investment company dedicated entirely to the NFT and blockchain industry.
- As both a start-up ecosystem and an investment firm, Polyient Games can help creators achieve their dreams through the platform, and can even kickstart ventures started off the platform.
- As a revolutionary way to give control over the platform back to the users, Polyient Games has created the Polyient Games Governance Token or PGT.
- As users complete tasks and progress within the platform, Polyient Games will reward them with special badges known as “Reward Badges.”
- Because Polyient Games supports many different companies and protocols, they have created a decentralized exchange (DEX) within their platform that can be used to easily exchange PG tokens with other PG token pairs.
- To ensure there is enough liquidity for the NFT market at Polyient Games, they have created the Polyient Games Utility Token or PGU.
- Alongside PGT, Polyient Games also hosts another governance token known as PGLP.
- The DAO treasury is essentially the backbone of the entire Polyient Games ecosystem.