Project Name: Gamesfi Project Track: Builder Team Name: Gamesfi Team Member(s): 3 HackerEarth Project Link: https://devpost.com/farhadiqbal786 Project Goal:
GamesFi aims to redefine the play-to-earn gaming landscape by integrating engaging games with decentralized finance (DeFi). The primary goals of the platform are:
Create a Unified Play-to-Earn Ecosystem:
Combine web-based lottery and prediction games with mobile mini-games to offer gaming experience where users can play, compete, and earn.
Provide Transparent and Fair Gaming:
Utilize smart contracts on the blockchain to ensure fair lottery draws, transparent predictions, and secure payouts.
Increase Accessibility to Blockchain Gaming and DeFi Through Mobile:
Lower the entry barrier with user-friendly games and enable seamless withdrawals to major centralized exchanges like Binance and Huobi.
Enable Decentralized Governance:
Transition to a DAO model that empowers the community to vote on platform upgrades, new game features, and reward structures.
Scale Effortlessly for Future Expansion:
Design an architecture that accommodates new games, features, and a growing user base.
Project Value:
GamesFi harnesses the capabilities of BitTorrent Chain to deliver a play-to-earn gaming experience that helps fairness, transparency, and community engagement.
Decentralized Transparency:
Lottery Transparency: The GamesFiLottery contract leverages BitTorrent Chain’s decentralized architecture to ensure transparent lottery draws. The six-bracket reward system offers clear ticket purchasing, random draws, and fair multi-bracket rewards.
Prediction Accuracy: The GamesFiPrediction contract uses Pyth Data Feed for real-time BTC/USD rates. BitTorrent Chain’s decentralized network ensures accurate and tamper-proof predictions.
Low-Cost Transactions:
BitTorrent Chain helps GamesFi to significantly reduces transaction costs. Players can enjoy games without worrying about high fees, making the platform accessible to more users.
Fair and Immutable Gaming:
Smart contracts on BitTorrent Chain guarantee fairness in every lottery draw and prediction round, providing immutable proof of fair play.
Each game round is autonomously and securely managed, ensuring that winnings are distributed accurately.
Community-Centric Governance:
GamesFi will be transitioning to a DAO model, empowering the community to vote on critical decisions, such as new games, features, and reward structures. BitTorrent Chain’s decentralized infrastructure supports secure and transparent governance.
Innovative Earning Opportunities:
The six-bracket lottery system and real-time prediction games offer diverse earning opportunities.
Users can optimize their earnings by leveraging discounts for bulk ticket purchases or by making accurate predictions.
Project Info:
Architecture:
Designed a web-based system for lottery and prediction games that integrates seamlessly with the existing mobile app.
Smart Contracts: Solidity (for GamesFiLottery and GamesFiPrediction mechanics)
Integration:
GamesFiLottery Contract: Developed a custom smart contract for a lottery system, including ticket purchasing, random number generation using an external seed, and multi-bracket reward calculations.
GamesFiPrediction Contract: Developed a prediction contract that uses Pyth Data Feed for real-time BTC/USD prices.
GamesFi integrates web-based lottery and prediction games:
GamesFi Lottery: A decentralized lottery system deployed on the BitTorrent Chain where players can buy tickets using the GSCORE token and win rewards based on a transparent draw mechanism. The lottery utilizes a six-bracket system with adjustable rewards and discounts for bulk ticket purchases.
GamesFi Prediction: Users can predict the future prices of BTC/USD over short intervals using the GamesFiPrediction contract, which integrates Pyth Data Feed for real-time rates.
Entering in the builder track means that your project is already launched. So I dont see the reason your project post should be this scanty as you only need to copy your previous post and make some edits with your achievements and future plans. Please work on this to provide all the information the community need
Welcome to Season 6, It seems like the Gamesfi project aims to integrate gaming with blockchain technology, focusing on features like tokenization, non-fungible tokens (NFTs), and multi-asset support.
What specific benefits do tokenization, NFTs, and multi-asset support bring to the gaming ecosystem?
Integrating your project with blockchain technology can provide numerous benefits and enhance its relevance in today’s digital landscape. Some of the key advantages include:
Increased Security: Blockchain technology offers secure and immutable data storage, making it less susceptible to hacking and fraudulent activities. This heightened level of security can protect sensitive information and build trust among users.
Improved Transparency: By utilizing blockchain technology, your project can increase transparency and accountability by providing a clear and tamper-proof record of transactions. This can help build credibility and trust with stakeholders.
Efficiency and Cost Savings: Blockchain technology streamlines processes by eliminating the need for intermediaries and automating various tasks. This can lead to cost savings, faster transactions, and increased efficiency for your project.
Enhanced Data Integrity: The decentralized nature of blockchain technology ensures that data is accurate and consistent across all network participants. This can reduce the risk of data manipulation and errors, ultimately improving the quality of information.
Competitive Advantage: By integrating blockchain technology into your project, you can differentiate yourself from competitors and appeal to tech-savvy consumers who value innovation and advanced technology solutions.
In conclusion, integrating your project with blockchain technology can provide a wide range of benefits that can enhance its relevance, security, transparency, efficiency, and competitive advantage. It is a strategic decision that can help your project thrive in the digital age and attract a broader audience
Exciting news! We’ve revamped our previous game to bring you an even better experience! Check out the new version here:
But wait, there’s more! We’ve also submitted a new game in the Builder category. Get ready for endless fun and challenges! Check it out now: https://app.gamesfi.org/
Let’s level up our gaming journey together! #GamingCommunity#NewGameAlert"
We’ve revamped our previous game to bring you an even better experience! Check out the new version here:
