The Future of GameFi Is Squidanomics

Place/Date: – November 12th, 2021 at 4:45 pm UTC · 4 min read
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Source: Squidanomics

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Blockchain technology is constantly evolving, allowing for innovations to emerge. GameFi is one of these new decentralized industry innovations. Incorporating NFTs, DeFi, and fundamental blockchain concepts into traditional games has resulted in a paradigm shift in the gaming community. The ‘Play-to-earn’ model introduced by GameFi allows players to earn real money for completing specific tasks or missions in a game. The ‘play-to-earn’ game must be built on a fast and scalable blockchain for optimal game performance and scalability. Although the most popular GameFi project, Axie Infinity, was built on the slow and expensive Ethereum blockchain, the acceptance rate of the ‘play-to-earn’ model keeps rising despite the obvious blockchain hurdle.

The emergence of fast, low-cost, and highly scalable blockchains such as the Binance Smart Chain (BSC) aims to improve the overall gaming experience of GameFi projects. However, despite the development of much better blockchains and unique game designs, many ‘play-to-earn’ games have failed to replicate the success of Axie Infinity. Some of the issues impeding growth include a lack of transparency and the fact that most GameFi projects are not fully decentralized. In this article, we’ll take a look at Squidanomics, a unique play-to-earn game that aims to shape the GameFi world with its transparent platform and user-centric platform.

The Innovative Squidanomics Gaming Platform

Squidanomics is one of the unique ‘play-to-earn’ gaming platforms propelling the GameFi industry forward. The project’s core team is made up of creative individuals from Canada and the United States. The project’s token and game design were inspired by the fan-favorite South Korean series Squid Game.

The Squidanomics gaming platform features unique “hold-to-play” games where users battle for the top positions. They must overcome obstacles, and each other to win NFTs and BUSD prizes. The game model was created in such a way that holding SQUID tokens allows users to earn more. The outcomes from gameplay are endless, and will take users on a journey as they explore and escape new worlds. The BUSD reward is a U.S.-regulated stablecoin, fully backed by U.S. dollars: 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.. It provides the most extreme and lucrative pass available in the digital world.

Squidanomics uses a governance structure that gives users the ability to vote on important issues on the platform to create a fair and open ecosystem. The ‘play-to-earn’ game is a user-centric platform that ensures its community reaps the huge value from participating in the highly entertaining game. Squidanomics, as a community-driven platform, uses a transparent framework to reveal the game’s properties and probabilities by utilizing the Binance Smart Chain. Thus, Squidanomics is the ideal blend of authentic gaming experience, profitability, and transparency. The Squidanomics community earns a 5% BUSD incentive on transactions, and transaction fees are minimal because the project is based on the Binance Smart Chain, allowing users to profit.

Despite the Fear, Uncertainty, and Doubt (“FUD”) caused by a sham project with a similar name, Squid game Tokens, Squidanomics continues to grow and exceed expectations. This expansion demonstrates that Squidanomics is a solid project with a strong community behind it. Through its transparent framework and user-centric platform, the gaming platform appears to have positioned itself as the change that the GameFi industry needs. The commitment of the core team and the entire community indicates that the gaming platform may be around for a long time. Due to the high influx of fake projects and copycat tokens, it is critical to remember the Squidanomics native token, SQUID token, to avoid becoming a victim of fakes.

To learn more about the gaming platform, visit the official website. To ensure you buy the original Squidanomics, with the fully doxxed team, live games and ever-increasing marketing budget you can use the following link for Pancakeswap. You can also become a part of their strong community by following them on social media platforms: Twitter, Telegram, Discord.