InvestDex Enters the Play 2 Earn Arena with Farcana Partnership!
Hello InvestDex community! Our team has been been a little quiet recently but there’s plenty that has been happening behind the scenes as always. We are always building and that’s why we’re excited to announce that we’ve developed a brand new strategic partnership with Farcana, a platform looking to have a huge impact on the Play to Earn sector.
The gaming sector of crypto continues to grow and evolve despite the downturn in the market, with new and emerging projects creating innovative concepts to enhance the blockchain gaming experience.
As the space becomes more sophisticated, project teams are being creative in terms of coming up with new innovative ideas in order to add value to the crypto space while also making the space safer for investors. Moreover, it’s becoming more important to address sustainability within in-game economies while allowing people to use their crypto for a wider variety of purposes. We believe we’re partnering with a project that does exactly that.
For this partnership, Farcana will be integrating many of its capabilities on InvestDex, while also supporting our team with advising, business development, marketing, and more. In return, InvestDex will give the Farcana community access to our advanced tools to facilitate greater and more efficient trading.
About Farcana
Farcana is an NFT gaming meta-universe with a seamless open world with play2earn mechanics. This new world also offers players the ability to participate in tournaments in a battle royale mode. Players can earn bitcoins for participating in tournaments. This is a new and strong economy model mechanics Play to Hash (P2H) opening a new page in play2earn gaming history. In-game NFT marketplace and Tournaments provide everyone with the opportunity to be a part of the powerful economy and gain through it. Guilds are an important part of the Farcana gaming metaverse — there can be external or internal gaming guilds whose members can be managers or scholars in tournaments.
The project’s aim is to build a revolutionary metaverse bridged with the real world. For players who have dreamt about a virtual open world sandbox to explore and participate in various tournaments to earn prizes, Farcana is bringing that vision to life.
Farcana strives to build an on-chain ecosystem that brings the best of the CeFi and DeFi realms together, on-ramping real-world assets to the blockchain. The game is the first of its kind in that it will pay out rewards in Bitcoin for every tournament.
Crypto-powered gaming projects suffer from one key issue: the life cycle of a token is tied to the life cycle of the project. A project will build up hype by promising a virtual world unlike anything ever seen, attracting
hundreds of thousands of dollars from excited investors who just want to playa new game. Unfortunately, many of these projects stop there. They raise funds to launch a massive marketing campaign, but their lack of an actual product prevents a steady flow of new users and limits the profitability of initial investors.
In reality, projects need to attract actual players after their productlaunch, not just investors. However, due to weak product marketing, the process of gaining an audience tends to fail, and those who got in early feel scammed as the token’s value crashes.
Farcana avoids this pitfall by tying its token to an already established economy: bitcoin mining. Utilizing a motivational model with a guaranteed prize fund, the Farcana project enables users to win bitcoin as well as the FARCANA token. This distinct advantage over other projects ensures Farcana and its token lasts long after the initial hype has died down, as bitcoin, the longest-standing and most successful crypto asset out there, is involved as well.
Farcana’s prize fund is backed by the bitcoin mining hashrate, introducing a new benchmark for the play-to-earn games market: play-to-hash (P2H). Play-to-hash means that as players engage with the Farcana world, it utilizes mining power to mine real bitcoin, which is then sent to the project’s prizepool. Tournament rewards are then pulled from this prize pool, ensuring the Farcana project can survive a crypto winter among other potential issues.
Users can view the game’s mining pool both on the website and in-game. From there, they can view anytime how much money is stored in prize pool contracts as well as any operations taking place from it’s. Full transparency is backed by watcherlink of the mining pool.
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