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This article will present an overview of Cyclops Finance, also known as the Cyclops’ Game.
The Cyclops’ Game is a Hybrid DeFi project, focused on developing highly customizable blockchain solutions for gaming.
We are combining the concept of DeFi yield farming and assets identity representation through NFTs to develop a gaming platform that will allow game developers to deploy their games on the blockchain, and to also easily monetize game assets.
Decentralized game dapps in which community members can own game assets will now be possible. Owning game assets, or the native token, attracts yield rewards, but does not work in the same way as other DeFi yield farming projects.
Additional features offered:
1. Hephaestus Workshop, which is our game assets/NFT hub. It is an all-in-one NFT and gaming assets Marketplace and Factory. Yes, it is also a gaming factory because community members or any user can leverage CYTR (our native token) to easily create their own custom asset/NFT. The hub is mainly intended for community members, allowing access to game assets and trading.
2. Game assets are not purely speculative. They have a base price which increases with demand. Essentially, the prices of all the assets are pegged to a price-demand curve. This allows users holding assets in the early stage to benefit from profits against the native token. Holders of our token can also buy game assets and trade them. They can also deploy their game assets and trade them on the platform.
3. The gaming platform will also have built-in games which are currently under development. This will enable any game developer to deploy and monetize games.
How the community benefits:
1. The token is not minable and has a very limited supply that will not increase. Being the main currency that can be used, demand will be high and prices are expected to increase.
2. Users can trade assets using the native token. As these are assets used in the games, the demand for the assets will remain high, i.e, a gamer will be required to mine an asset to play. And as the assets’ prices are proportional to demand, holders will make both short and long-term profits.
3. Users enjoy a rewards mechanism. Selling an asset generates a 20% fee, with 80% of all fees going back to the community (holders of the native tokens and assets)
With all of these developments, and the launch of Hephaestus Workshop, the Cyclops’ Game invites you to follow us on social media.