JEDSTAR is pleased to update the community regarding its Gaming Project, as it is set to use their GameFi Token, Kred. The metaverse is the next step in both human social engagement and the boundaries that can be pushed in terms of creative and inspirational possibilities.
People already spend the majority of their lives within the digital world
People already spend the majority of their time online. As evidenced by their frequent use of social media apps and online video gaming, to name a few examples. The metaverse will take all of these online social interactions to the next level by fusing the digital and physical worlds.
Various projects are now incorporating virtual reality into their models to make their metaverses much more immersive for users. As well as incorporating NFTs into their models to ensure transparency of ownership of digital assets. Which has been lacking in AAA gaming companies’ business models for the past decade or so.
They will allow those who use the metaverse to truly own what they are purchasing
They will allow those who use the metaverse to truly own what they buy on the game’s marketplace. Allowing them to trade it with other players and earn money.
Axie Infinity ($AXS) and The Sandbox ($SAND) are two companies that are doing just that. Additionally both have had a lot of success in terms of attracting players and investors.
With their GameFi token KRED, the JEDSTAR project is doing just that for their gaming project. This will be the project’s in-game currency in a variety of applications, including their NFT marketplace AGORA, CCG, MMORPG, and metaverse games, as well as their STARDOME partnership with Skill Gaming.
About JEDSTAR
A DECO with three BSC tokens, JEDSTAR focuses on three sectors: DeFi, GameFi, and in-game governance. Just over three months ago, the first DeFi token, JED, launched and has seen significant growth. With a market capitalization of only $33 million USD, there are now over 5000 $JED token holders.
Now they’re getting ready to launch their presale for the GameFi token KRED, which will have a variety of uses in the project’s gaming sector. With the partnership with Skill Gaming, the token will result in the world’s first CAAS (Currency as a Service). Allowing gamers to exchange their in-game currency for fiat when withdrawing their rewards.
Their AGORA NFT marketplace, as well as their CCG, MMORPG, and metaverse games will use it.
For the CCG, you’ll be able to play the game and earn in-game currency using your phone, thanks to a proof of play (POP) system for casual gamers that serves as a counterpoint to the traditional play to earn (P2E) system for more serious competitive gamers.
Additionally, JEDSTAR will implement their STARSTAKING platform, which will allow JED token holders to stake their tokens and earn up to 120 times as much in KRED rewards.
In addition to generating rewards for staking JED tokens in the long-term, it will also allow users to receive returns on KRED.
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