What is ICE Poker, the game underpinning Decentral Games?

2 years ago

Decentral Games' poker country has brought a caller inferior to the metaverse.

5 min read

Updated: April 9, 2022 at 2:30 am

What is ICE Poker, the crippled underpinning Decentral Games?

Cover art/illustration via CryptoSlate

Interest successful the metaverse continues to rise, with Footprint Analytics information indicating that metaverse projects received the 3rd astir investments successful the blockchain manufacture aft games and tools.

Decentral Games is 1 of these projects, having grown importantly since past December portion receiving respective rounds of funding, including a strategical concern from Decentraland. It has besides received strategical investments from manufacture leaders specified arsenic BSC, Digital Currency Group, Polygon, Arca Funds, and Hashkey.

What is ICE Poker?

Decentral Games’ ICE Poker was launched successful Oct. 2021. The crippled allows players to gain tokens by playing for ranking connected the leaderboard.

The squad believes that unfastened metaverse volition beryllium the adjacent improvement of the internet, and Decentral Games aims to let anyone to gain from playing acquainted games similar poker.

How to play

Players request to acquisition oregon beryllium delegated astatine slightest 1 wearable NFT to statesman their journey.

Players person chips each time based connected the fig of NFTs they have, and volition gain ICE tokens and XP for completing antithetic levels of regular challenges. Players tin gain up to a 1.4x rewards multiplier by adding wearable NFTs.

The Daily Leaderboard volition besides impact the multiplier for rewards, which volition beryllium based connected the player’s fertile successful the leaderboard and multiplied by the show multiplier.

The apical 40% of users volition get a show multiplier ranging from 1 to 2, and the bottommost 60% volition beryllium multiplied little than 1. This means that the bottommost users volition suffer a information of the ICE, and the bottommost 96% of users volition lone person 0.05 x the ICE for the day, losing 95% of their revenue.

To gain much ICE, players tin besides pain ICE and XP to upgrade NFTs to summation rewards by up to 35 – 45% of ICE bonus.

Player roles

In ICE, players person antithetic roles:

Player-owner

Players tin acquisition wearable NFTs done minting oregon astatine OpenSea. Currently the level terms of NFTs connected OpenSea is 1.215 ETH, which equates to astatine slightest $3,700 earlier playing the game.

Players tin usage their NFTs straight to gain ICE rewards, and gain ICE bonuses by upgrading their NFTs and ranking successful the game.

Delegated player

The archetypal outgo of NFTs is excessively precocious for galore connected Decentraland. Luckily, players tin rent wearable NFTs by receiving a delegation from ICE Wearable owners.

However, players volition lone person 60% ICE rewards and the remaining 40% volition beryllium divided to the NFT owner. As the NFT fertile increases, the gully for the NFT proprietor volition gradually increase.

Guild owner

There are delegated players and those who alteration others to play. The NFT proprietor tin delegate 1 oregon much of his wearables and make an ICE Poker Guild.

Depending connected the size of the guild and the magnitude of xDG, players tin besides signifier information successful the ICE Poker League for the accidental to gain much xDG rewards.

While NFT owners tin gain passive income from delegating, they are besides exposed to volatility successful NFT prices. Players request to measure the payback period, and if they delegate to a delegated subordinate with mediocre results, they volition person overmuch little ICE.

Tokenomics and information expressions

In Decentral Games, determination are 2 tokens that tin beryllium traded.

DG is chiefly utilized to entree and upgrade wearable NFTs, and staking DG volition gain the governance token xDG.

The xDG grants entree to precocious ICE Poker Guild tools, voting rights to modify economical incentives and negociate treasury funds, arsenic good arsenic a stock of fees successful the ecosystem.

DG volition contented 1 cardinal implicit 6 years, 62% of which volition beryllium distributed to the community, 20% to teams, and 18% to aboriginal adopters.

ICE serves arsenic an in-game token that incentivizes players to enactment successful the crippled and upgrade their NFT.

The full proviso is allocated to assemblage rewards and liquidity. To alleviate deflationary unit ICE volition beryllium burned by upgrading the NFT and excess profits from the DG treasury.

According to Footprint Analytics, some DG and ICE are presently trading astatine nary much than $1.

Footprint Analytics - Decentral Games Token Price

In presumption of users, the fig of users has grown rapidly since December, with 8,260 users arsenic of March 23. This is chiefly from December, and the maturation of caller users slowed down aft January.

On December 31, 2021, a New Year’s Eve Party & Celebration was sponsored by OKEX and hosted performances by artists specified arsenic Cristy Lawrence, Rich DietZ, Fluencee and Medii. Decentral Games besides had a scavenger hunt, each of which brought it a batch of attraction successful December.

Footprint Analytics - New Users by Month

Decentral Games’ caller idiosyncratic ratio has gradually dropped to beneath 5% since February, and astir of the regular progressive users are aged users, but it besides reflects that aged users are inactive sticky.

Reflections connected Decentraland

Decentraland has gained a batch of postulation owed to Decentral Games’ poker room, giving Decentraland’s metaverse a utility. But determination is inactive overmuch for america to deliberation about.

First, astir GameFi games person a prohibitively precocious obstruction to entry. The play-to-earn exemplary has go pay-to-play-to-earn.

The cheapest NFT successful Decentral Games costs $3,700, compared to the terms of $0.09 for ICE. Players request to mint astatine slightest 40,000 to marque backmost the money. And successful Decentral Games, it is not ever imaginable to gain ICE by “hard work”, determination is simply a batch of luck involved.

Secondly, though Decentral Games has removed the connection casino from its location page, it is inactive fundamentally gambling. Projects built connected gambling volition look argumentation risks. In particular, immoderate countries explicitly prohibition the gambling industry, and successful the satellite of blockchain without KYC, this undoubtedly creates a grey area.

Date & Author: March 09 2022, Simon

Data Source: Footprint Analytics Decentral Games Dashboard

This portion is contributed by Footprint Analytics community.

The Footprint Community is simply a spot wherever information and crypto enthusiasts worldwide assistance each different recognize and summation insights astir Web3, the metaverse, DeFi, GameFi, oregon immoderate different country of the fledgling satellite of blockchain. Here you’ll find active, divers voices supporting each different and driving the assemblage forward.

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