So after Hustles Video last night decided to take a little look into SPIN, project looks pretty solid, good tokenomics, links to the team behind it and a well set out roadmap. As well as stated by hustle, no VC funding
Ive picked the Bones of whats on the Spintop website to try simplify it down for easier reading, hope you enjoy and let me know your thoughts on spin?
Can it rival GALA and UOS?
INTRODUCTION
As of 2020, the global gaming market has reached 174.9 billion USD, with over 2.8 billion players worldwide. Yet, another iteration of this revolution has been brought about by blockchain technology, which allows us to create a decentralized and innovative gaming ecosystems.
Blockchain technology will open new horizons in the gaming world. What we’ve seen so far is . Right now, blockchain gaming projects are widely scattered around the web, waiting to be discovered. Spintop hopes to try and resolve this by having it all in one place.
WHAT IS SPINTOP?
Spintop is the next generation blockchain gaming hub that aims to utilise the new tools of web3. It aspires to guide, discuss and supply through blockchain gaming. The ecosystem is designed as a gaming hub that allows players to exchange their tokens, NFTs, and reviews.
It Consists of 4 main Products-
Gamepedia- A community-driven gaming guide in which games are accessed, listed, and filtered for tokenomics, ratings, smart chains, and development statuses.
Spindex- A decentralized exchange (Dex) where gaming tokens are pooled together to create liquidity, incentivising yield farming.
Guild Maker- Meeting grounds for play-to-earn sponsors and scholars. Sponsors can burn SPIN and create their own yield guilds, recruit scholars and compete with each other.
NFT Marketplace- NFT marketplace will be the supply zone for the guilds, users and games where they will be listing their NFTs for sale or lending.
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SPIN TOKEN (Information taken 06/12/2022)
Ticker: SPIN
Chain: Binance Smart Chain (BEP20)
Current Market: PancakeSwap
Market Cap: $20,094,743
Fully Diluted MC: $329,405,861
Token Price: $0.33
The SPIN token’s utility will be as follows:
- Stake it in Spindex Pools to earn SPIN Tokens
- Use it in Yield Farms to earn more SPIN Tokens
- Burn it to create Guild
- Stake it to create a profile and apply for scholarships
- Burn it to wrap NFT
Source:
Prices taken from CoinMarketCap.
Hope you've enjoyed the read, thankyou @LGuigs.