On the Cardano Blockchain, ADA Demon is the first in-depth play-to-earn, metaverse-based environment. The ADA Demon project attempts to implement blockchain technology into popular gaming by giving fans of crypto and traditional games access to the benefits of genuine ownership, digital scarcity, monetization, unique land rewards, and interoperability.
1. Introduction
ADA Demon is an immersive metaverse-based environment inspired by the Greek underworld and based on the Cardano blockchain.
Both crypto and non-crypto game enthusiasts can take advantage of ADA Demon’s benefits, which include actual ownership, digital scarcity, profitability, and interoperability. This is done to facilitate the integration of blockchain technology into popular gaming.
The ADA Demon video game is an immersive experience that simulates real-world concepts such as social interaction and real estate ownership. This Virtual Underworld is built on an idea that, in the annals of blockchain technology’s development, has never before been attempted.
The success of ADA Demon can be attributed to the fact that it brings together gamers, mythologists, and NFT enthusiasts in a massive metaverse. They are engaging and participative, in which magic, adventure, and peril hold the highest echelons.
Unfortunately, many metaverse-based projects are missing key components, such as engaging narratives, fluid gameplay, and adaptable player options. But these capabilities are included in the ADA Demon platform, which paves the way for the next generation of Blockchain-based games to be produced on the Cardano blockchain.
The Cardano blockchain is the foundation for the ADA DEMON protocol. This blockchain is of the next generation, and it offers a new generation of decentralized apps and an architecture that is quick, secure, and efficient in terms of cost. Users also have full control over their private keys, which means they do not need to be concerned about the security of their $Agony tokens even if hackers get access to the network. Investors can remove their coins from an exchange and delegate them to other parties by using the user interface of a software wallet they have created. This wallet can be created by investors. As a direct consequence of this, the Cardano delegation mechanism will provide the highest level of accessibility to new users.
When playing ADA Demon, players can interact with the Greek Underworld and acquire resources from it to construct their avatars and explore the platform. According to the ancient Greek conception of Hell, the fields of Asphodel are the destination for souls after they have passed away. Those who aren’t quite ready to give up on life might wander the fields, but until they are, they will be trapped in this never-ending limbo.
2. Project Roadmap
During the third quarter, the ADA Demon team is eager to keep their project moving forward in the right direction. They want to carry out a security audit, launch their own NFT mint, put in place a beta rating system, and create a leader board. During this phase, they also intend to begin the distribution of their video games, as well as provide awards to their early gamers, offer instructions and template files for developers, and more.
The following kinds of work are scheduled to be carried out during the final three months of the year:
- Cross-chain Bridge
- Staking rewards
- ADA Demon DEX/AMM
- Primary net ADA Demon Staking/Liquidity Mining
- Liquidity Mining
- ADA Demon Wallet
3. $AGONY Usecases and Tokenomics
One of the most intriguing play-to-earn (P2E) games now available in the metaverse is being brought to players by the ADA Demon project. This new game will be supported by $AGONY, the official token of the project. $AGONY will have a robust economy, guaranteeing this project will succeed in the mainstream.
$Agony, the platform’s utility token, may be used in every aspect of ADA DEMON’s creation of a digital world where users can develop, control, and even sell their own unique gaming experiences. Users are able to own, trade, and sell the resources they gain through skillful gameplay and involvement with the ecosystem when the ecosystem is user-owned. This enables users to profit from their participation in the ecosystem. This Virtual Underworld is constructed on an idea that, in the annals of blockchain technology, has never before been attempted.
There are many different methods to use $AGONY. The platform is developing an ecosystem that will consist of four primary pillars, which will generate a digital economy in which players will be able to earn cryptocurrency. As the world begins to recognize the advantages of cryptocurrencies, the gaming industry has the potential to experience a great deal of innovation.
The Solid Token Economy of the ADA Demon
The ADA Demon platform has very straightforward token economics. The amount of $AGONY tokens, which are the game’s native currency, will have a total quantity of 5,000,000,000,000,000. To ensure that the DeFi protocol is community-driven and decentralized, these tokens will be dispersed among a broad group of people worldwide. So the protocol is not under the control of a small group of individuals.
Following is a breakdown of how the total supply of $AGONY will be divided up:
- The private seed sale will receive 10% of all tokens that are ever created.
- The presale will account for 8% of the total number of tokens.
- The total amount of the development budget will be funded by 10% of all tokens.
- The liquidity pool will receive 30% of all tokens in circulation.
- 10% of all tokens will go to the marketing budget.
- 0.78% of all tokens will be used during the security audit.
- The ecosystem grants will receive 12% of all tokens that are issued.
– Staking rewards will account for 2.89% of all tokens in circulation.
– 3.28% of all tokens will be allocated for use in the project’s governance.
– Participation rewards will take up 1.5% of the total amount of tokens spent.
– 10.55% of all tokens will be set aside to develop external protocol.
What Implications This Has for Those Who Play This Game
It only takes a glance at the presented token allocation chart to become clear that the $AGONY token is part of a robust economy.
What this means for players of ADA Demon is that the virtual cash they use within the game will continue to have value in the real world for a significant amount of time into the future. The value of the tokens will increase in proportion to the growth of the project as a whole.
4. METAVERSE
The fact that you have the possibility to own digital land is easily the most exciting aspect of ADA Demon’s metaverse. Those who invest a significant amount of money in the project may be eligible to obtain ownership of digital property. This land may either be rented out to generate a stable passive income or it can be used to run a rest stop for tired travelers for which they can charge a fee.
The name “The Elysian plains” has been chosen for ADADEMON Land. There will be 150,000 individual pieces of land that make up the Elysian plains.
The land parcels range in size and will be differentiated from one another based on the traits and characteristics they possess.
Access to a Land provides a basis for developing your metaverse. It also offers you access to our technology, the network layer, and other resources you’ll need to construct a successful ADA Demon Experience.
Land Economics
The opportunity to acquire a land mortgage is available in ADA Demon.
There are two routes to take to acquire land in ADA Demon:
1) Initial mint at the time of the land sale
2) Make use of ADA Demon’s rental system, which allows players to rent a piece of land for long-term use and then complete the ownership access process after three months.
Rarities of Land
The rarity of each piece of land is directly proportional to its size; the dimensions of the parcels are various and the land Rarities range from the extremely common 10m x 10m to the extremely rare 55m x 55m
THE WORTH OF THE LAND AND ITS SIGNIFICANCE
The value of Elysian Land is determined by several factors, including its size, proximity to significant allies, the ease with which it can acquire resources, magical or mineral features based on the Land, and accessibility of those properties. Remember that to be desirable to potential buyers; land brokers will preferably have to carry out some statistical surveying, remain serious, and offer a fair price.
As a result, players can purchase one or more plots to call their own.
With the purchase of this land, the owner will have the option of using it for his gain or renting it out to other players who cannot acquire land of their own.
5. UNIQUE FEATURES
The Overlord effect
The Overlord effect is a feature that can only be found in Elysium plains and no other place.
The Overlord effect is a game component that awards the top 10 landowners 1.5 percent of all ADA Demon income. This amount is distributed fairly among the landowners in proportion to the quantity of land they control.
These top 10 landowners will be referred to as “Overlords.” In addition to exceptional privileges, they will have a particular ability to manage and manipulate the territory over which they have dominion.
The Underdog effect
The underdog effect is just another one of the distinctive characteristics.
The retail investors’ version of the metaverse includes the underdog effect as one of its components. This is how ADA DEMON takes care of its entire community and extends this benefit to adherents of this ecosystem, even if they cannot purchase large tracts of our properties because of financial constraints. On ADA DEMON’s Defi Space, those whose holdings do not over a certain level will receive a high APY for their farming items. This will notably cater to the needs of small retail investors while still meeting the requirements of the rest of ADA DEMON’s audience. Complaints of this nature typically come from members of the cryptocurrency community, who assert that everything is focused on the whales. Because of this, the rest of ADA DEMON’s community also has access to this unique benefit. People will be encouraged to use the DeFi Space because of this, which will also increase retail interest to ADA DEMON’s land.
Lobbying is an additional fantastic function that can be found in the Underdogs—permitting the Underdogs to combine players’ land holdings to gain access to the Overlord effect, provided that enough territory is combined.
6. LAND SALES
Players of ADA DEMON are the target audience for one of the game’s unique features: the ability to claim their very own piece of land within the expansive ADA DEMON metaverse. It is also possible for players in ADA DEMON to rent out territories contained within the ADADEMON magical metaverse, which is relevant to the realm of real estate. Major investors can become landlords by owning parcels of specially allotted land.
Tired travelers enduring an arduous journey might take a break here for a while, and the proprietors of the land may charge them a small fee for the privilege of finding consolation within their sphere of influence. It is a virtual environment where users can develop, control, and sell their experiences. The platform is meant to have a two-tiered market structure, allowing players to sell their experiences for a charge privately and then sell these experiences to the platform for a profit.
The option to construct and own your property in the form of NFTs, sell those NFTs on the market, and then use the drag-and-drop functionality to create new virtual game environments and situations are available to you as a player.
7. P2E Game
Play-to-earn, also known as P2E, is a business model that enables players to earn cryptocurrency while participating in a gaming activity. Because it incorporates two goals that have driven individuals since the beginning of time — obtaining money and experiencing pleasure — P2E is a sound psychological model. Gamers are given control over particular in-game assets and are allowed to increase those assets’ value by participating actively in the game. In the world of cryptocurrencies, it is common practice to use non-fungible tokens to denote ownership and even to transfer ownership (NFTs).
ADA Demon’s goal is to establish a new financial system that combines gaming and blockchain technology to provide a P2E game that is fun to play and beneficial as an investment opportunity. This is the company’s objective. ADA Demon offers an immersive gaming experience. The more you participate, the greater your potential earnings will be. Community members who contribute significantly to the network, such as acting as necessary resources, are acknowledged and rewarded for those contributions. The same holds even if end-users are ultimately unsuccessful.
8. Game Development
Web 3.0
Although the Web 2.5 approach to building a P2E ecosystem holds a lot of promise, it will not be successful in preventing value capture from the community. This is since players will still be dependent on a single coordinator who will oversee the end-to-end development of the game in addition to managing the game economy and the end-user experience. In contrast to this viewpoint, ADA Demon holds that the P2E ecosystem should be handled as an open-source, publicly available product.
Decentralization Of The Gameplay
The implementation of blockchain technology has transformed the gaming sector. ADA Demon was created as a decentralized game. Participation is available to anyone, anywhere in the world. Via trustless processes, ADA Demon allows users to buy and sell things without going through a centralized body.
Blockchain technology made the development of decentralized games easier, eliminating the requirement for centralized server infrastructure in these games. This innovative technology also allowed the team to create ADA Demon, a P2E game that utilized cryptocurrencies as its primary form of in-game currency.
9. Project Overview
The quantity of games has also been expanding at a breakneck pace in recent years. The Game Changer is here regarding the Realm of Virtual Reality; everyone is vying for the position of king of the hill. ADA Demon has arrived to alter the course of the game. It is shattering the norms of the gaming industry by providing a virtual environment in which players can create, direct, and sell their own experiences.
ADA Demon is a fascinating blockchain initiative that has the potential to completely transform the gaming industry by opening up entirely new avenues of opportunity. The ADA Demon platform is one of the most recent developments made by the group responsible for ADA, which has been undergoing consistent improvement and expansion for some time now. This cutting-edge platform isn’t only about games; it also focuses on the user experience virtually and in the real world. The ADADEMON ecosystem will be comprehensive, including various material and entertainment options, video games, and other interactive activities.
Learn More
Twitter: https://twitter.com/ADADEMON_?t=gPBFY
Medium: https://medium.com/@ADADEMON
Websites: http://adademon.com
Telegram: https://t.me/ADA_Demon_Channel
Discord: https://discord.gg/dmVcqaa86S
Youtube: https://www.youtube.com/channel/UC21rUtXV
Instagram: https://www.instagram.com/adademonpage/?ut
Facebook: https://facebook.com/adademonn/
Github: https://github.com/ADADEMON
Reddit: https://reddit.com/user/Ada_demon/
Disclaimer
Opinions stated on CoinWire.com do not constitute investment advice. Before making any high-risk investments in cryptocurrency, or digital assets, investors should conduct extensive research. Please be aware that any transfers and transactions are entirely at your own risk, and any losses you may experience are entirely your own. CoinWire.com does not encourage the purchase or sale of any cryptocurrencies or digital assets, and it is not an investment advisor. Please be aware that CoinWire.com engages in affiliate marketing.
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