KittieFight is Mortal Kombat for Cryptokitties. In a kittieFIGHT game, ETH & KTY tokens are awarded and shared among winning groups/coalitions of fight matches that utilize customized fighting kittie avatars derived from the Cryptokitties platform. There is a Eth & KTY token jackpot to be won in every game. All participants in games have a 50% probability of being on the winning side, Decentralized Finance or DeFi has the potential to disrupt the current financial system. One of the leading trends in crypto-town, DeFi has locked more than $3 billion in August 2020 alone. The use-cases in the DeFi landscape cater to various financial products and/ or services. One of the emerging applications in DeFi is lending and borrowing, DeFi lending protocols facilitate inclusiveness within the financial ecosystem. Traditional financial systems have limitations of restrictive access and are interlaced with multiple intermediary organizations. This has made the approach towards financial lending services complex, costly, and inefficient.
In contrast, DeFi enables lending protocols that are inclusive with greater access and run on peer to peer networks that are not controlled by a central entity. DeFi lending protocols operate on open-source blockchain networks and are governed by smart contracts. Additionally, users can retrieve benefits through innovations of yield farming and liquidity mining. Almost three yearssince Cryptokittiestook the crypto world by storm, it seems the game is back at it again, this time with KittieFIGHT, one of the games based on the platform. KittieFIGHT is offering fans of the digital pet game a chance to earn KTY tokens through an auction. Then after the auction, they can use the KTY tokens to participate in a lucrative yield farming program that will take place on the Uniswap V2 pool. Owners of KTY tokens will have a chance to provide on-chain liquidity on the network by staking Uniswap liquidity tokens. During a six month period, participants are rewarded handsomely in KTY and SDAO tokens. Users that have KTY tokens after the auction is over will now have an opportunity to earn passively by lending their tokens on the Uniswap V2 pool to offer liquidity for six months. Yield farming involves providing liquidity to a given pool by staking tokens, which earn rewards as time passes. The program dubbed KittieFIGHT volcano yield farming will distribute more KTY and SDAO tokens as rewards during the program. And those that offer more liquidity over the longest period will benefit the most.
The collateral deposited by each yield farmer is in the form of Ether (ETH). Yield farmers are free to withdraw the collateral at any point of time, however, the yield or return can only be withdrawn after the participation time exceeds a duration of one month. The KTY and DAO yield unlock gradually as a fixed percentage each month for a total duration of six months.
We will be holding a set of public testnet games on NOV 2nd 2019 and NOV 9th 2019 and the very first Ethereum Main- Net Game on Nov / Dec 2019. For both testnet game dates, $500 will be credited to the top 10 bettors in Ether. The top 2 bettors in each testnet game will be each be awarded additional $500. Actual top bettors from the First (NOV 2nd 2019) and second (NOV 9th 2019) testnet games are chosen as Black-corner and Red-corner for first main-net game competition.
This betting aspect is another lucrative aspect of this new platform. While all fights are funded by an independent bank – funded by the lenders on the platform who receive a weekly yield in return – the goal is to make the initial jackpot swell to 10 times its normal size. Once the jackpot has reached this level, the winner will be decided, giving both players and lenders an extremely lucrative revenue stream.
https://www.kittiefight.io/
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https://www.reddit.com/r/kittiefight/
AUTHOR:
THE_win
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