Experts have already identified this year 2022 as the period of game finance (GameFi) development and metaverse popularization. And if projects manage to successfully combine these two areas by offering simple and clear mechanics for managing and multiplying finances, then such companies immediately draw the attention of investors and users. One such project could be the Bot Planet ecosystem combining DeFi, GameFi and Play-To-Earn gaming solutions on one platform. How the company turns modern financial technologies into an exciting game is considered below.
Manage and earn: new opportunities with Bot Planet
The Bot Planet ecosystem unites various projects, including a lottery, Play-To-Earn game, and native series of non-fungible tokens (NFT). As of now the company is focused on the development and launch of a cross-platform wallet and a decentralized exchange (DEX), where each user can not only buy and sell cryptocurrencies, but also earn on staking and yield farming.
“Nowadays many companies are launching native wallets with a limited number of functions and one or more blockchains support. We went further and developed a cross-platform wallet enabling to store and manage fiat and cryptocurrencies”, the company explained.
In fact, the new wallet will be a single storage for all finances. Сryptocurrency holders will be able to securely store and pay for goods and services in cryptocurrencies.The wallet automatically converts cryptocurrencies into fiat money and also allows you to quickly transfer funds to other wallets or add funds to a bank card. Bot Planet also intends to issue a BOT Visa debit card, linked to the wallet. The card holders will be able to quickly and conveniently pay for goods anywhere using payment terminals with a card reader.
“Our next product will be BOTSwap Decentralized Exchange, based on the P2P platform principles. All transactions occur directly between users, our company offers only a platform for transactions”, Bot Planet representatives explained.
To exchange one cryptocurrency for another, users will have to submit an order and wait for another user to reply. Then, the exchange is made according to stipulated terms. Going forward, BOTSwap will offer other popular ways to make money, such as yield farming and staking.
“We will launch a special staking and farming program for native BOT tokens, so all asset holders would be able not only to get involved in the platform development and pay for internal ecosystem services, but also receive passive income”, the company commented.
The wallet and DEX triggering is scheduled for the first and third quarters of this year.
Game tools from Bot Planet
GameFi will be another trend for ecosystem development. Bot Planet developers are working on the launch of a blockchain lottery and Play-To-Earn game. These two products will allow users to earn BOT tokens and other cryptocurrencies by completing levels in a new computer game.
“BOTLottery is an additional service to get a chance to win big and provides the system with an additional deflationary mechanism. The user buys a digital lottery ticket in the system, then the smart contract generates a random four-digit code, where each figure has a value from 1 to 14. Once generated, the code is sent to users for matching. If the numbering in the ticket and in the code is the same, the user is considered the winner, and users who match the first 2, 3 or 4 numbers will also receive a guaranteed reward”, the company explained.
The next step towards using GameFi solutions will be the launch of a Play-To-Earn game that will be inextricably linked with NFT tokens. As the developers explained, BOT GAME V 0.1 will be a card game where NFT token figures will be the main characters. With BOT tokens users can join the game, compete against opponents and earn cryptocurrency.
“As for now, we are finalizing the NFT collection and will reveal it soon. And in the second quarter of 2022, we plan to introduce a marketplace where users can purchase tokens”, the company says.
The game demo version will be offered this year and its release is scheduled for the first half of 2022.
This year 2022 promises to be generous with new metaverses and GameFi projects that will turn a boring money-making activity into an exciting game. The Bot Planet ecosystem offers ready-made solutions for earning money using game mechanics and allows users to earn passive income from staking and yield farming.