Launchpool Announces Upcoming AME for Defi-11 — DeFi Powered Gaming Ecosystem
DeFi11 is a defi powered gaming ecosystem for fantasy sports, NFT virtual hybrid world, Marketplace, predictions and betting.
DeFi 11 is bringing decentralisation to fantasy sports. The $750 billion fantasy sports market still enjoys meteoric growth. The prospects of pairing two exponential growth industries like fantasy sports and DeFi is tantalizing. The prospects for success offered by this intersection of growth trends attracted a bevy of heavyweight and emerging crypto funds to invest in DeFi 11’s private sale rounds. TDeFi, Protocol Ventures, MoonWhale, Propeller, GBV, x21, AU21 Capital, Kyros Ventures, DaoVentures, Fomocraft and others joined Launchpool in the raise.
Crypto and online fantasy sports are a match made in DeFi Heaven, both born out of the rapid digital innovation over the past decade and both supported by furiously passionate fan followings fanning the flames of white-hot market expansion. DeFi 11 harnesses the power of Decentralised Finance to revolutionise the virtual gaming, betting and predictions industry by removing the barriers of the traditional centralised status quo.
DeFi 11 eliminates the problems plaguing the conventional fantasy sports sector with the transparency, accountability and trust of the blockchain. Fake winners, manipulation of data, no audit processes, a lack of user privacy and internal governance no longer hold back fantasy sports game developers with our D11 token, ushering in a new growth phase for an already booming industry powered by trust.
The D11 Token is built as a unique gaming utility token on top of the D11 Protocol. The token can be used to pay contest fees, buy assets, redeem game rewards, etc. into the D11 token for fiat swap or redemption. Token holders can fund the operations of the platform’s game developers via a liquidity pool and earn rewards from popular games. The better the games, the better it performs, the more rewards for token holders, which spurs innovation and potentially offers lucrative returns.
The best part is that the platform is built on top of the lightning-fast proof-of-stake Ethereum alternative, Polygon (Matic). In the past year, the MATIC token has enjoyed over 400x gains for a reason. Since Matic is a Layer-2 solution it can be accessed from the same in-browser MetaMask wallet that drives your Ethereum experience. It seems that DeFi is coming to Polygon and DeFi 11 aims to be an important building block that will connect that essential tooling to the exciting fantasy sports niche.
Game developers get a head start with DeFi 11. Whenever a new game is launched, it generally takes quite some time for the game to build its own market. DeFi 11 will provide them with an ecosystem which is already consumer driven and backed by avid users.
The team assembled to make DeFi 11 a long term sustainable growth engine is made up of experienced crypto mavens, seasoned market makers and industry insiders ready to meld the forces of DeFi with fantasy sports. Bringing with it more innovation, more games and more rewards. Long may we play!
Sounds exciting? The $D11 token will be coming to Launchpool for an Allocation Mining Event (AME) in a few weeks’ time. More details #comingsoon.
DeFi11 is a defi powered gaming ecosystem for fantasy sports, NFT virtual hybrid world, Marketplace, predictions and betting. The entire platform runs as a chain agnostic solution with a decentralised mobile application. It has a deflationary token model for $D11 tokens, the value for what is pumped up with every game being played on the application.
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