The idea of using cryptocurrency to pay for real-world goods and services is no longer a pipe dream. Cryptocurrency enthusiasts see this as an ideal use case for the technology, and many companies have projects in the works that aim to make it a reality.
One such project is Worion, a blockchain-based video game with P2E elements. By using cryptocurrency — specifically Tofycoin ($TOFY) — to purchase and exchange both in-game assets and real-life goods, Worion hopes to pave the way for other games to follow suit and allow gamers to earn money while playing.
The idea behind P2E gaming isn't new — but it's only recently become feasible due to improvements in cryptocurrency technology. In many ways, this is a return to the basis of what cryptocurrency was intended for: removing third parties from transactions and allowing users to send value directly from one party to another.
It's no secret that the video game industry is a multi-billion dollar industry, and it's grown steadily in the last decade. According to SuperData Research, the annual revenue of the global video game market exceeded $100 billion in 2017.
The other fact that is not known to many outside the gaming community is that players can profit from playing their favorite games by earning money through in-game tournaments, or "skill-based competitions". The great thing about these competitions is that they are skill-based and don't require participants to be professional gamers: you can win money just by playing your favorite FPS game online with other players who are also trying to win.
One of the biggest problems facing these skill-based competitions is finding a reliable way to conduct transactions between players and tournament owners. Most of these transactions are done in cash, but cash isn't very convenient for those who aren't familiar with the gaming culture.
One way to improve this situation is through TofyCoin, which can be used as a payment solution between tournament owners and players. This cryptocurrency will be used as an incentive for every player who participates in one of Worion's tournaments.
GameFi and P2E Concept Explain
The specifics of GameFi is in the fact that it brings together some things from blockchain world, including non-fungible tokens (NFTs), cryptocurrencies and decentralization, and advanced gaming mechanics. Such blending helps to make virtual areas where gamers can earn by simply playing and just enjoying their experience.
In comparison with traditional video games, such projects reward players for spent time and effort. Such model is called Play-to-earn (P2E). Appropriate incentives for players might include crypto assets, upgrades, weapons, avatars, NFTs, and so on. Usually, gamers are rewarded for finishing certain tasks like, progressing through new levels, mining resources, competing with other players.
GameFi projects let players not only earn and collect in-game assets, but also send them across various games and websites. It helps to monetize gamers' time and effort by selling or trading their items which truly belong to players in comparison with traditional video games.
Such model becomes real thanks to the appearance and application of decentralization and NFTs. These technologies create a new type of digital ownership where players don't have to worry about the safety of their assets no more.
Tofycoin represents an illustrative example of GameFi projects which help gaming industry to reach heights. Let's pay attention to this project.
What is Tofycoin?
A "play-to-earn" (P2E) cryptocurrency game in Tofycoin, are rewarded in-game crypto and NFTs for their successes inside the game. The NFTs may be traded for other players' tokens or sold on the Tofycoin network, while the cryptos can be converted into fiat cash or used in any other player-to-player (P2P) crypto game.
Tofycoin's goal is to create its own game environment, complete with its own protocols and infrastructure. All economic activity inside the ecosystem will be conducted using this. It's also accepted as a form of payment in the Apple and Google Play shops, speeding up and reducing the cost of buying and selling digital money. Worion is one of the first games to include Tofycoin as its in-game money, and it is also the first first-person shooter (FPS) game in the play to earn sector.
Tofycoin is the first of a new breed of digital money, and it offers simplicity, no cost, and lightning-fast transactions. Tofycoin is the only money you'll ever need since it has zero transaction fees and a processing time of 0.003 seconds. Your transactions will always be safe, since our lightning-fast servers are spread across 7 different locations. Bring your Tofycoin wallet with you, it will always be ready.
Tofycoin may be downloaded on the web, the Google Play Store, and the Apple App Store. With our user-friendly wallet, you can quickly and easily exchange Tofycoins for other currencies.
So, Tofycoin is at the vanguard of a new business model that financially compensates users for their dedication and participation on the platform. In this approach, participants have a sense of belonging and are more likely to remain around for the long haul, all while enjoying the process of collecting incentives.
Worion, First Play-to-Earn FPS Game in Tofycoin Ecosystem
Worion is a free mobile application available on Android and iOS devices, where you can play different mini games. The goal of these games is to earn points which can be exchanged into Tofycoins to get various rewards such as skins, weapons, power ups etc. These points can also be used to redeem real life merchandise such as mobile phone accessories and gadgets through mobile apps like Google Play Store or App Store.
By making use of blockchain technology, Worion is able to maintain an account of all the game assets in a non-centralized manner which in turn helps players to play from anywhere without the need for any centralized servers. Each player will be provided with a unique digital wallet where they will be able to store their Tofycoins. This wallet is also linked with their gaming account in Worion.
As the number of gamers playing Worion increases, more people will be required to enter tournaments and this in turn will increase the demand for Tofycoins. This demand will be driven by the fact that players will require Tofycoins to buy characters in tournaments and this will create an increased requirement for these coins in exchange markets.
Advantages of the Tofycoin
Tofycoin is a digital currency based on blockchain technology, which allows safe and fast transactions worldwide. Tofycoin is a cloud-based cryptocurrency that can be downloaded for free and used for online purchases, deposits and withdrawals.
Tofycoin has several advantages over analogical projects. The most significant ones are real time update, absence of transaction fees, cloud servers and experienced team. Holders can make transactions with zero processing time (0.003 sec). Transactions are free of charge, so it’s an ideal payment method for both large and small businesses as well as individuals. Moreover, it has the most up-to-date infrastructure which makes it very secure in terms of confidentiality and security. This cryptocurrency is very easy to buy, sell or transfer with Tofy Wallet which can be downloaded from the official website or Google Play or App Store.
The project team is composed of engineers, advisors and consultants who help the project to progress. They also provide any kind of support to users who have questions about the cryptocurrency itself. Since personal information is protected by 256Bit encryption, all coins are kept in cold storage (Tofy Wallet).
The Tokenomics of $TOFY
Final Thought
The gameplay Tofycoin is simple and fun - you play along with other players to rack up points. Compete with your friends and collect points to win trophies and medals. The more points you earn, the more goodies you get! Points that you earn while playing Tofy games can be redeemed for real life merchandise through online mobile apps like Google Play Store or App Store. These points can also be exchanged into TofyCoin cryptocurrency, which means that it's not just points that you're collecting - it's cryptocurrencies as well!
If you’re a gamer and are looking for a new game that pays you to play, then Worion is the game for you. It’s not just any other FPS game; it’s an online multiplayer skill-based game that allows players to enter skill-based tournaments, purchase and upgrade game characters and other in-game items. The best part about it? All of these can be purchased by spending TofyCoin!
To earn points for the purchase of TofyCoin, you can simply play mini games within the Worion app. Alternatively, you can also exchange your points for real life merchandise such as mobile phone accessories and gadgets through mobile apps like Google Play Store or App Store.
Tofycoin Roadmap
#Tofycoin #Gamefi #IDO #Play2Earn #NFT #P2E
For more information at:
Website: http://www.tofycoin.com/
Twitter: https://twitter.com/tofycoin
Telegram: https://t.me/tofycoin
LinkedIn: https://www.linkedin.com/company/tofycoin
Discord: https://discord.gg/tofycoin
For more information at:
Website: http://www.tofycoin.com/
Twitter: https://twitter.com/tofycoin
Telegram: https://t.me/tofycoin
LinkedIn: https://www.linkedin.com/company/tofycoin
Discord: https://discord.gg/tofycoin
Author : stars_world
BSC wallet address : 0xF0906bb918D87DAFF77047099af42FF21775EE3D
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