The metaverse is gaining popularity. Footprint Analytics data indicates that metaverse projects have received the third-most investments in the blockchain industry, after tools and games.
Decentral Games is one such project. It has grown substantially since December last year and received several rounds of funding. Decentraland also invested strategic capital. It also received strategic investments by industry leaders like Polygon, Arca Funds and BSC.
What is ICE Poker?
ICE Poker, a Decentral Games game, was launched Oct. 20, 2021. Players can earn tokens for playing on the leaderboard.
Decentral Games is a game that allows anyone to make money from familiar games such as poker.
How to play
To begin their journey, players must purchase or delegate at least one NFT wearable.
Chips are given to players based on how many NFTs they have. Players will also earn ICE tokens or XP by completing daily challenges. Wearable NFTs can be added to earn a maximum 1.4x multiplier in rewards.
The Daily Leaderboard will have an impact on the multiplier of rewards. It will be determined by the rank of the player in the leaderboard, multiplied with the performance multiplier.
The top 40% will receive a performance multiplier of 1 to 2, while the bottom 60% will only get a multiplier of less than 1. The bottom 40% of users will lose a part of the ICE. Users in the bottom 96% will receive 0.05 x their ICE per day, which is 95% less revenue.
Players can earn more ICE by burning ICE and XP. This will increase the rewards up to 35 – 45% of the ICE bonus.
Roles of players
In ICE, there are many roles for players:
NFTs can be purchased by players through minting and at OpenSea. OpenSea currently has a floor price for NFTs at 1.215ETH. This is approximately $3,700 less than the cost of playing the game.
Players can earn ICE rewards directly by using their NFTs. They can also earn ICE bonuses through upgrading their NFTs or ranking in the game.
Many players on Decentraland are not able to afford the initial cost of NFTs. Players can rent NFTs that are wearable by receiving a delegation of ICE Wearable owners.
Players will receive only 60% ICE rewards, and the remainder 40% will go to the NFT owners. The draw for NFT owners will increase as the NFT rank rises.
Owner of a guild
Delegated players are those who allow others to play. An NFT owner may delegate one or several of his wearables to create an ICE Poker Guild.
Depending on how big the guild is and how much xDG they have, players can organize participation in the ICE Poker League to earn more xDG rewards.
NFT owners may be able to earn passive income by delegating but they also face volatility in NFT price movements. Players must evaluate the payback period. If they delegate to someone with poor results they will get less ICE.
Data expressions and tokenomics
There are two tokens in Decentral Games that can be traded.
DG can be used to upgrade and access wearable NFTs. Staking DG will give you the governance token xDG.
The xDG grants you access to advanced ICE Poker Guild tools, voting right to modify economic incentives, manage treasury funds, and a share in fees.
Over 6 years, DG will issue 1 Billion. 62% will go to the community, 20% will go to teams and 18% will go to early adopters.
ICE is an in-game token which incentivizes players and upgrades their NFT.
All of the supply is used to provide liquidity and community rewards. The NFT will be upgraded and excess profits from DG treasury will be used to relieve deflationary pressure.
Footprint Analytics reports that ICE and DG are trading at a price of $1.
Footprint Analytics – Decentral Games Token Price
The number of users has increased rapidly since December with 8,260 users at March 23. This is mostly due to December. The growth of new users has slowed after January.
OKEX sponsored a New Year’s Eve Celebration Party & Celebration on December 31, 2021. It featured performances by Cristy Lawrence and Rich DietZ as well as Fluencee, Medii, and Fluencee. Decentral Games also hosted a scavenger hunting, which attracted a lot of attention during December.
Footprint Analytics – Monthly New Users
Decentral Games’ user ratio has fallen to below 5% over the past two months. Old users make up most of the active users daily, but this also shows that some users are still stuck.
Footprint Analytics – Daily Users
Reflections on Decentraland
Decentraland has seen a lot of traffic because Decentral Games’ poker site, making Decentraland’s metaverse more useful. There is much more to be done.
First, GameFi games are prohibitively difficult to enter. Play-to earn has been replaced by pay-to play-to earn.
The cheapest NFT available in Decentral Games is $3,700. This compares to $0.09 for ICE. To make the money back, players must earn at least 40,000. Decentral Games is a game where it is difficult to make ICE through hard work. There is a lot riding on luck.
Decentral Games removed the term casino from its homepage, but it is still gambling. There are policy risks for projects that depend on gambling. There are countries that explicitly prohibit gambling, and blockchain without KYC creates a grey area.
Simon, Date and Author: March 9, 2022.
Data Source: Footprint Analytics Decentral Games Dashboard
Footprint Analytics contributed this piece.
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What is ICE Poker? It’s the game that underpins Decentral Games. CryptoSlate.
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