Tofycoin: new promising project in the world of blockchain gaming
Video games represent a popular kind of hobbies for many people. But its traditional examples exist within centralized ecosystems which are absolutely controlled by their developers. You can put much time and effort while playing, but your in-game currency, avatars, items and other assets won't remain really yours, and it won't have great value in real world.
GameFi projects change everything within this area. GameFi is a term made by blending two words: “game” and “finance”. Let's see how such projects work.
What is the essence of GameFi projects?
The specifics of GameFi is in the fact that it brings together some things from blockchain world, including non-fungible tokens (NFTs), cryptocurrencies and decentralization, and advanced gaming mechanics. Such blending helps to make virtual areas where gamers can earn by simply playing and just enjoying their experience.
In comparison with traditional video games, such projects reward players for spent time and effort. Such model is called Play-to-earn (P2E). Appropriate incentives for players might include crypto assets, upgrades, weapons, avatars, NFTs, and so on. Usually, gamers are rewarded for finishing certain tasks like, progressing through new levels, mining resources, competing with other players.
GameFi projects let players not only earn and collect in-game assets, but also send them across various games and websites. It helps to monetize gamers' time and effort by selling or trading their items which truly belong to players in comparison with traditional video games.
Such model becomes real thanks to the appearance and application of decentralization and NFTs. These technologies create a new type of digital ownership where players don't have to worry about the safety of their assets no more.
Tofycoin represents an illustrative example of GameFi projects which help gaming industry to reach heights. Let's pay attention to this project.
Tofycoin: a crypto asset that is ready to change the gaming industry
Tofycoin is a crypto asset within the NFT environment. This asset can be applied as a payment system in various mobile, web and pc games. It touches upon both project own games and the products of partner companies.
It's a token on Binance Smart Chain network. What possibilities are opened for its holders?
The areas of Tofycoin application
There are different ways to use Tofycoin within gaming ecosystems. Players will be able to:
- Pay for gameplay fees
- Purchase NFTs
- Take part in tournaments
- Buy and upgrade game characters and other in-platform assets
- Engage in the governance of the ecosystems (voting on roadmap, new content and the creation of prize pools)
Worion: the first game by Tofycoin
Worion is an example of Play-to-earn games. It will be the first game where participants will be able to earn Tofycoin as a reward for their time and effort in the form of achievements or high rankings by playing.
Worion is the FPS (first person shooter). But if you don't really like this kind of games, you will be able to wait for games of other genres.
Important advantages of the project
There are several key points that helps Tofycoin to stand out from analogical projects. Here they are.
Real time update. Full-time servers allow to make transactions with 0.003 sec processing time.
Absence of transaction fees. Holders are able to transfer Tofycoin for free.
Cloud based. Cloud servers of the project are situated in 7 countries. It provides fast and safe transactions.
Experienced team and advisors. Engineers, team and consultants help the project to progress.
Tofy Wallet. This instrument is suitable for buying, selling and transferring Tofycoins. It can be downloaded from the official website or on Google Play or App Store.
Identity defense. Personal information is protected by 256Bit encryption. Coins are kept in Tofy Wallet cold storage.
The tokenomics of the project
The total supply of TOFY is 100,000,000 tokens. Listing price is going to be $0,25. But at the moment it can be bought here cheaper during public sale at Luxpad. As for presale rate, 1 BNB = 1,782.531 TOFY, or 1 TOFY = $0.16.
The image below shows the allocation of tokens.
Roadmap
At the moment, the Roadmap of the project includes different events up to the end of this year.
July 2021
The beginning of the project
October 2021
The beginning of development steps
December 2021
Marketing team building
March 2022
Working on API
July 2022
Whitepaper 2.0 release
September 2022
The start of IDO/IGO
October 2022
P2E game beta version release
October 2022
First DEX and CEX listings
November 2022
P2E game launch at Google Play and Apple Store
Conclusion
Tofycoin looks like a promising project that is going to change the current situation on the market of P2E games. This asset can be effectively applied by the developers within different gaming products. And at the moment, you still buy it at low price thanks to IDO on Luxpad before listing. This sale ends on October 25th.
You can get more information about the project thanks to the following links:
Website: http://tofycoin.com/
Whitepaper 2.0: https://www.tofycoin.com/docs/Whitepaper.pdf
Twitter: https://twitter.com/tofycoin
Telegram: https://t.me/tofycoin
Discord: https://discord.gg/tofycoin
Medium: https://medium.com/@Tofycoin
Instagram: https://instagram.com/tofycoin
Facebook: https://www.facebook.com/Tofycoin
LinkedIn: https://www.linkedin.com/company/tofycoin
Youtube: https://www.youtube.com/channel/UCly6iRcQHEKrVE0pdrpHSgQ
Proof of authentication with the data about the author of the article from BTT forum:
Forum Username: Arcadio707
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2426003
Telegram Username: @AlexejKorneev
BSC Wallet Address: 0xa2B2a90f61aFE492C343B7314EE6e03791A47ad8