PRESS RELEASE. Blockchain technology has been referred to as one of the disruptive innovations in the past decade leading to the creation of cryptocurrencies and changing the financial landscape. The gaming sector is the fastest-growing globally, and blockchain technology has been increasingly adopted within games. ChainWars is one of the GameFi projects that is at […]
PRESS RELEASE. Blockchain technology has been referred to as one of the disruptive innovations in the past decade leading to the creation of cryptocurrencies and changing the financial landscape. The gaming sector is the fastest-growing globally, and blockchain technology has been increasingly adopted within games.
ChainWars is one of the GameFi projects that is at the forefront of this new movement that enables gamers to play immersive games and earn income. It is a digital collectible card game that goes beyond the norm. Most in-game assets are minted as non-fungible tokens (NFT), ensuring that players can own and trade items within its gaming metaverse.
Players are provided gameplay with authentic and immersive sci-fi storylines that will capture their attention and allow further future developments. ChainWars has also developed an innovative tokenomics system that ensures sustainability and the development of products and services within its ecosystem.
Implementing blockchain technology to a card-based game also provides trust for gamers as the entire generation process is transparent in contrast to the suspicious nature of traditional card games. Unsurprisingly, these attributes have led to ChainWars’s massive growth since its launch in 2021.
Powered by a unique utility token
The ChainWars gaming metaverse is powered by its native token CWE which serves as the utility token. Holders can access different features and purchase in-game asset NFTs that can be traded on supported marketplaces.
It also serves as governance, and holders can create and vote for new proposals and development within the metaverse ecosystem. The higher the number of tokens, the more voting power for users. Gamers are also incentivized with CWE when they compete in tournaments and hit certain milestones in-game.
CWE is currently listed on popular decentralized exchange PancakeSwap and launchpad ecosystem MoonLift. Chain Wars has also revealed the launch of a 10-month airdrop reward program for CWE and MoonLift (MLTPX) holders.
The airdrop program will begin in March and 1% of CWE supply (2,500,000) has been reserved for the event. To be eligible to receive the airdrops, one has to be holding both CWE and MLTPX when the monthly snapshot takes place. Furthermore, the rewards are determined based on ratio, meaning that bigger holdings receive more rewards.
More developments expected in the coming months
The core team behind ChainWars has been committed to ensuring the gaming metaverse’s success with the timely launch of products and features. This approach has led to the launch of the ChainWars Essence (CWE) token and the alpha release of ChainWars tradable card game.
ChainWars has already revealed that it is set to release several products before the end of Q1 2022. Some of the key products include ChainWars account release, onboarding new partners and launching a third-party NFT marketplace.
These developments will only increase CWE token use-cases and attract more gamers to the ChainWars ecosystem.
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