The Falling P2E 1.0
We have just experienced the most severe crash in the history of gaming cryptocurrency. The value of major gaming tokens and gaming NFT assets plummeted as the new year began.
AXS, the governance token for the popular play-to-earn NFT game Axie Infinity, was down as much as 19.3% in the last few days and was down more than 50% from its all-time high.
Other prominent Game Fi projects, such as Farmers World, BinaryX, and Raca, are also in similar situations. The BinaryX token BNX has fallen from over $200 to $30, while the Raca token RACA has lost more than 80% of its value since November.
The Emerging P2E 2.0
While the Play-to-Earn 1.0 (P2E 1.0) is in a wide market route, the construction of Play-to-Earn 2.0 (P2E 2.0) is in rapid development
In less than one month. Binance launched and invested a bunch of new P2E 2.0 projects:
- 2021-12-14 Voxies token VOXEL opened Trading
- 2021-12-16 Binance Labs made a strategic investment in Elfin Kingdom
- 2021-12-18 Binance Listed Highstreet token HIGH
- 2022-01-11 League of Kingdoms token LOKA opened for sale on Binance Launchpad
- 2022-01-14 Binance Labs Makes Strategic Investment in Nine Chronicles
Here you may ask, what can be defined as the P2E 2.0?
A game’s core features are play, entertainment, and enjoyment. However, for the majority of P2E 1.0 games, the Earning aspect weighed significantly more than the Gaming factors.
P2E 2.0 places a greater emphasis on gameplay, resulting in a high-quality gaming experience. When you dig deeper into the history of those P2E 2.0 projects, you’ll discover that the majority of the teams have extensive experience in the traditional gaming industry, including game development, operation, and publication. They are experts in both gaming and blockchain technology, combining the most cutting-edge gameplay content with the most cutting-edge crypto technology, thereby increasing the sustainability of the Earning portion. We anticipate that a well-designed game will attract genuine players, new capital, and new hype to the crypto industry.
A New Opportunity in P2E 2.0
On 13 January. Baby Swap announced the launch of its first GamePad launching project – ElementX. Baby Swap is the top decentralized Automated Market Maker and Non-Fungible Token exchange on the Binance Smart Chain. It provides a fun and friendly trading environment, as well as excellent project support.
ElementX is a decentralized game world that combines NFT, DeFi, and gaming. The Game consists of on-chain and off-chain games, providing users with an incredible experience. Element’s development team is comprised of members of the top Korean gaming company Netmarble. District 187: Sin Streets, Lineage2 Revolution, and BTS WORLD were all developed by Netmarble. The team has extensive experience developing games and runs one of the largest gamer communities.
ElementX is a typical P2E 2.0 game in every way: it has a team backed by a traditional game giant, an incredible gaming experience on- and off-chain, and experienced development resources.
Also, people are setting great expectations on the ElemeotX INO on Baby GamePad for several reasons:
- ElementX is based on the Bioane Smart Chain, which applies low transaction fees, fast speed, and various forms of project support.
- ElementX is available on both mobile applications and websites. It keeps the main gameplay off-chain while implementing the on-chain assets interactions delicately but concisely. This enables the delivery of a flawless gaming experience.
- The game contains fast-paced PVE & PVP combat, immersive stories, stunning landscapes, and a long-proven game economy
ElementX INO Info
NFT: ElementX Hero Blind Box
Starting Time: 1 PM UTC, Jan 20th, 2022
Ending Time: 1 PM UTC. Jan 21st, 2022
Total Amount: 5,000
Price: 0.1 BNB
Blind Box Content
Each Hero Box contains a code that can be redeemed for a specific hero in the ElementX game. You can begin exploring the ElementX world with your team of heroes, fighting the enemy and earning your fortune.
The Hero Boxes are divided into five different Ranities:
SS/2.25%) S(6.00%) A[17.00%) | B(25.00%) | C[49.75%)
Normally players will need to pay a certain amount of governance token to mint heroes in the game, and each hero will have a certain ratio:
SS(1.50%) S(0.00%)A(17.50%) B(25.00%) | C(50.00%)
The ratio of SS heroes is increased from 1.5% to 2.25% in this INO, because the ratio of three SS heroes is boosted by 100%! It’s an absolute steal to obtain an INO blind box rather than wait for the standard hero minting.
Launch of the Governance Token
ElementX recently announced that FIRE, the in-game governance token, will conduct a fair launch with a big surprise. Let’s now wait and see what happens next!