This is great news for gamers because you just don’t play to win anymore, now you play to earn. Incredible isn’t it?
Gone
are the thrills of simply winning and feeling good about gaming, the GameFi
ecosystem has come to update your pocket while you play, and what better way to
receive, send and hold your earnings than the ever-trustworthy AFCASH Wallet?
The
GameFi ecosystem is a decentralized gaming ecosystem that enables gamers and
creators alike to get value in the guise of cryptocurrencies and NFT while they
play games hosted on the metaverse.
The
sole purpose of the platform is to bring gamers and creators together in a
relative manner where creators are free to create sources of engagement while
the gamers themselves partake.
In
the end, all stakeholders are awarded a unique kind of value known as
“In-game-token” plus NFTs through using an economic model known as tokenomics.
Just
like the peer-to-peer protocol of Blockchain exchanges, the GameFi ecosystem
deals with its common model known as Play-to-earn (P2E).
How P2E works
Before
a gamer gets the green to play on a platform, they must purchase NFT to use as
value to play with. When they play, they win tokens as they progress, and then
the tokens are then converted into real digital coins like AFCASH, BTC, ETH,
fiat currency, and so forth.
While
the players improve from each game to another, their initial NFT used to enter
the platform can be upgraded and could be sold for a higher price than its
initial value.
P2E
is the reason why GameFi projects scale their gaming base quickly through a
consistent supply of tokens, another way that builds the supply is through the
active demands for in-game assets like vehicles, weapons, props, and the like
on the marketplace.
With
that said, let’s talk about the advantages of using the AFCASH wallet for
GameFi.
ADVANTAGES
OF AFCASH ON THE GAMEFI ECOSYSTEM
Easy wallet
creation
More
than anything, all that concerns blockchains, cryptocurrency, and NFTs are
mostly reliant on the use of e-wallets whose main role is to help traders and
gamers hold assets they can use to access platforms like the GameFi ecosystem.
AFCASH
wallet is a decentralized full user control ultra fast wallet creator that
GameFi gamers can use to create all kinds of e-wallets to house their NFTs,
cryptocurrency, and tokens for their gaming platforms and also sell them off
easily without third-party interference.
As
a decentralized wallet creator, AFCASH App provides gamers with unique private
keys only accessible to them. With these private keys, they can take full
control of what happens with their assets.
Security and
Ease of use
Because
GameFi gamers are given full control of what happens on their AFCASH App, it is
nearly difficult to breach security. The app’s interface is designed to
accommodate all kinds of cryptocurrency, tokens, and digital assets
transactions.
Gamers
can easily connect their wallet from the AFCASH Wallet to any
Blockchain-enabled platform and either send or receive cryptocurrency, tokens,
and NFT.
Support for
many chains
The
AFCASH wallet provides wallets that support several chains like Excoincial,
Ethereum, Binance, and xDai. It doesn’t matter what popular chain your gaming
platform is based on, AFCASH wallets are designed to support all dApps
applications through any dApps browser.
Gamers
with low funds to purchase tokens for use can equally pull funds from their
Africunia bank virtual account which can easily be accessed using the in-built
web extension on AFCASH App.
Once
you download your AFCASP App you can use this web extension to create a new AFRICUNIA
BANK account and hold your funds in any currency of your choice, and use them
to purchase EXL Coin or other tokens when ready.
EXL
(EXL)
is the local coin Excoincial exchange that GameFi gamers can buy using the
AFCASH App, and utilize in the purchase of NFTs to access gaming platforms,
also creators can equally use EXL as a way to supply tokens to the platform
too.
EXL
is Excoincial's local token relevant for all manner of payments and
transactions with equal strength in reliability as other tokens.
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