[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"2705f455-6590-4290-941b-e70e59583b52","updated_at":"2023-04-18T08:18:00.141852+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"DeFi Land is a game that simulates farming, gamifies DeFi, and includes traditional DeFi platform features.","sapo":"DFL is a decentralized finance (DeFi) initiative that allows users to engage in various DeFi operations within a digital realm, utilizing DFL Coin for transactions and decision-making within the platform's ecosystem.","title":"Explore DeFi Land (DFL) Project: What is It? Overview about DeFi Land & DFL Coin","content":"

DFL is a DeFi project that enables users to participate in various DeFi activities in a virtual world, using DFL Coin for transactions and governance within the ecosystem.

DeFiLand (DFL)

DeFi Land is a web-based game designed to simulate agricultural activities and gamify DeFi while incorporating all the features of traditional DeFi platforms. In other words, DeFi Land aims to convert DeFi investments into games, making it a unique and innovative user experience.

DeFiLand's project stands out from others as it doesn't operate as a self-contained ecosystem for its game. Instead, it will utilize established platforms, such as AMM/DEX/lending protocols, allowing users to use them through DeFiLand's interface. For instance, when players engage in yield farming in the game, they use various pools and staking platforms via DeFiLand's interface.

DeFi Land uses assets representing currencies, such as sunflower, USDC-corn, and COPE-Pumpkin, in the SOL demo. These assets allow users to engage in activities similar to those in traditional DeFi and other activities that the project has yet to announce.

DeFi Land is an impressive game that comes with several notable features. The game has been released in two versions, v1.0 launched in the summer of 2021, and v2.0 was introduced in early 2022, and it will be accessible to both web and mobile users. The game's mechanics and designs are experimental and will be tested several times.

What Blockchain is DeFiLand Built on?

DeFi Land decided to utilize the Solana blockchain due to its fast transaction processing speed and minimal fees, which provides all the necessary features for players. Moreover, Solana's ecosystem is expanding quickly by attracting top talent to build innovative projects. The project believes speedy, inexpensive, and secure is critical for delivering the best DeFi service experience through a gamification model.

What Problem Was DeFiLand Created to Solve?

DeFi has revolutionized both the traditional finance industry and the entire cryptocurrency industry. DeFi operates 24/7 and lacks a centralized regulatory body that can restrict payments or prevent access to financial services. With DeFi, previously slow and error-prone services are now more automated and secure, as they are managed with code that anyone can test.

The main issue with DeFi is its failure to gain widespread acceptance, which is apparent. Retail users, particularly newcomers, hesitate to use it due to its complexity.

How Does DeFiLand Solve the Above Problem?

To enhance user engagement, happiness, and acceptance, game mechanics are applied to something other than a game, and this process is called gamification. It involves the use of game design elements, as well as principles and theories, to drive gameplay in other contexts.

DeFiLand aims to simplify complicated financial products through gamification and provide users with a seamless and pleasurable experience. The development team believes the project will revolutionize the perception of decentralized finance.

Versions of DeFiLand

DeFiLand includes two main version DFL v1 and DFL v2

Figure 01. Versions of DeFiLand

DeFiLand v1

Version 1 of DeFiLand will feature a calming auditory experience, a user-friendly interface, and pleasant surroundings. The platform will also offer fundamental features of DeFi protocols, such as:

Convert
Provide liquidity
Staking and yield farming
Administration
Customizable lands
Educational institutions (practice mode)
Achievements

To help users understand the basics of DeFi, a practice mode is provided with fake assets and a guided version of the game. The ELI5 style introduces each DeFi feature and teaches users how they work. The project will also set goals to incentivize players and reward them with NFTs, DFL tokens, prizes, and other rewards to be announced later.

DeFiLand v2

The game is divided into two versions, with v2.0 planned to be released in early 2022, which includes a range of exciting features. These features in v2.0 include:

Lending & Borrowing
Index
NFT Market
Interactive chat
Predict & Betting
Unions, clans and fights
Various fun mini-games
Tournaments
Ethereum, Terra and BSC lands

DeFi Land is being built on Solana and won't be compatible with DeFi protocols on other blockchains. The project selected Solana as the initial blockchain for game development due to its fast, low-cost, and efficient user experience. However, the project plans to incorporate additional blockchains soon.

What is the DeFiLand Token Used for?

DFL Token is the native token of the DeFiLand platform, used for various functions within the ecosystem. DFL tokens can be used for governance, allowing token holders to propose and vote on changes to the platform. It also serves as a medium of exchange for transactions within DeFiLand, including buying and selling in-game assets and accessing premium features. Furthermore, DFL tokens can be staked to earn rewards through other cryptocurrencies or NFTs.

Roadmap

Roadmap involve four steps of development of DeFiLand

Figure 02. Roadmap of DeFiLand

Q3 2021

Integration with Serum, Raydium
Launch Testnet/Devnet
NFT Marketplace
Launch Mainnet Beta
Public Sale

Q4 2021

Administration
Sale of special lands
Closed beta v2 testing
Integration with other popular Solana protocols

Q1 2022

Integrate Ethereum, BSC
Develop bridges between different blockchains
Test mobile version
Collaborate with other blockchain games
Launch V2.0

2022

Sponsorship program for the ecosystem
Integration with other blockchains
Scholarship/education program
Adding all major protocols on different blockchains.

What is the Future of Project X, and Is It Worth Investing in Its Token?

Before investing in its token, investors should thoroughly analyse Project X's current state, plans and goals, and market trends. Additionally, potential risks and benefits should be considered before making a decision. Keeping up-to-date with the project's developments and progress is crucial for making informed investment decisions.

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Explore DeFi Land (DFL) Project: What is It? Overview about DeFi Land & DFL Coin

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