#Crypto Play-to-Earn Game Development

[poojanegi99945]

12 Best Crypto Play-to-Earn Games for High Earnings in 2024 

The gaming industry is undergoing a significant transformation, driven by the advent of blockchain technology, which has introduced a revolutionary concept—Play-to-Earn (P2E) games. These games provide players with the chance to earn real-world rewards, such as cryptocurrencies or NFTs (Non-Fungible Tokens), simply by participating and engaging in gameplay. As we enter 2024, the crypto P2E landscape is more dynamic than ever, with a wide array of games offering substantial earning opportunities.

In this blog, we will explore the 12 best crypto play-to-earn games that promise high earnings in 2024 and how Crypto Play-to-Earn Game Development is shaping the future of gaming.

1. Axie Infinity

Axie Infinity remains one of the most popular P2E games, allowing players to earn AXS tokens by battling, breeding, and trading Axies. With its active community and evolving gameplay, Axie Infinity continues to offer significant earning potential.

2. The Sandbox

The Sandbox is a virtual universe where players have the freedom to create, own, and monetize their gaming experiences. By engaging in activities such as land sales, game development, and NFT trading, players can earn SAND tokens within the platform.

3. Decentraland

Decentraland is a decentralized virtual world where players can buy, build, and sell virtual real estate. By participating in events, selling land, or creating content, players can earn MANA tokens, making it a lucrative P2E platform.

4. Gods Unchained

Gods Unchained is a trading card game where players can earn rewards by participating in battles and tournaments. The game's play-to-earn model allows players to earn GODS tokens and valuable in-game assets, which can be traded or sold for profit.

5. Splinterlands

Splinterlands is a digital card game that offers players the chance to earn DEC (Dark Energy Crystals) by winning battles and tournaments. The game's vibrant marketplace also allows players to trade cards and assets for real-world value.

6. Star Atlas

Star Atlas is a space exploration game that combines strategy, combat, and resource management. Players can earn ATLAS tokens by participating in various in-game activities, including exploration, mining, and trading.

7. Illuvium

Illuvium is an open-world RPG where players can explore, battle, and capture Illuvials—creatures with unique abilities. Players can earn ILV tokens by participating in battles and tournaments, making it a highly rewarding P2E game.

8. Alien Worlds

Alien Worlds is a decentralized metaverse where players can earn TLM tokens by mining, staking, and battling. The game's unique economy and active player base make it a promising P2E platform for high earnings.

9. My DeFi Pet

My DeFi Pet is a pet-raising game that allows players to earn DPET tokens by breeding, raising, and battling pets. The game's play-to-earn model offers multiple revenue streams, including pet sales, staking, and in-game events.

10. Zed Run

Zed Run is a digital horse racing game where players can earn rewards by breeding, racing, and trading digital horses. Players can earn WETH (Wrapped Ethereum) by winning races and participating in tournaments.

11. Ember Sword

Ember Sword is an upcoming MMORPG that promises a vibrant play-to-earn economy. Players can earn rewards by participating in battles, completing quests, and trading in-game assets, all while exploring a vast open world.

12. Thetan Arena

Thetan Arena is a blockchain-based MOBA (Multiplayer Online Battle Arena) game where players can earn THG tokens by participating in battles and tournaments. The game's competitive nature and rewards system make it a popular choice for P2E enthusiasts.

The Role of Crypto Play-to-Earn Game Development

The rise of these P2E games is a testament to the power of Crypto Play-to-Earn Game Development. Developers are leveraging blockchain technology to create decentralized, player-driven economies where in-game assets hold real-world value. This shift not only enhances player engagement but also opens up new revenue streams for both players and developers. As the demand for P2E games continues to grow, the future of gaming will likely be defined by innovative development practices that prioritize player ownership, decentralization, and earning potential.

Conclusion

The year 2024 is set to be a landmark year for crypto play-to-earn games, with numerous titles offering high earnings and engaging gameplay. Whether you're a seasoned gamer or new to the P2E space, these 12 games provide ample opportunities to earn while having fun. As the industry evolves, Crypto Play-to-Earn Game Development will continue to play a crucial role in shaping the future of gaming, offering players more ways to earn and developers more ways to innovate.

Dive into the world of P2E gaming and start earning today!

[techinfo-blog]

How Play-to-Earn Game Development Is Empowering Gamers with Real Income?

Play-to-earn (P2E) games, in which users can earn real money just by playing, are revolutionizing the gaming industry. With the help of this creative model powered by blockchain technology, players may make money through exchanging assets, earning in-game awards, and other activities. P2E games enable players to own, sell, and trade in-game goods in real-world markets, in contrast to traditional games where these assets are only available within the game environment. This feature makes gaming a lucrative business.

The Power of Play-to-Earn Games

Play-to-earn games reward players with cryptocurrencies or Non-Fungible Tokens (NFTs) for their time and effort in the game. Since these virtual goods have actual worth, users can exchange their prizes for fiat money or use them to purchase other virtual goods. These games are viral since they allow you to earn money, especially in developing countries where players view it as an extra source of income.

Blockchain Technology in Play-to-Earn Games

The P2E gaming model is powered by blockchain technology, which offers a transparent and safe environment. The token distribution and NFT transfer are two examples of automated procedures known as smart contracts that guarantee transaction security and prevent tampering. Because of its decentralized structure, which ensures that participants fully control the assets they earn, the game is guaranteed to be fair and honest.

A Crypto Play-to-Earn Game Development Company specializes in creating games based on this technology. They make sure that games include a safe blockchain infrastructure to facilitate asset ownership and exchange in addition to being entertaining and captivating. These businesses support realizing the P2E game concept by building long-lasting ecosystems that allow players to prosper.

Play-to-Earn Game Development Companies: Shaping the Future

Due to the explosive growth of blockchain-based gaming, companies wishing to get into the space must collaborate with a proficient play-to-earn game development company. These businesses provide all-inclusive solutions, such as in-game economy development, token production, smart contract integration, and game design.

By collaborating with these specialized companies, you can hire blockchain game developers who specialize in creating P2E games with seamless gameplay while integrating NFT marketplaces and secure crypto wallets. Working with experienced developers ensures that your game meets the highest standards of security and player engagement.

Conclusion

Play-to-earn games are transforming the gaming market by enabling users to get real money while having fun. These games, which are based on blockchain technology, provide security, transparency, and real asset ownership. With more players realizing the financial possibilities of P2E games, there will be a growing need for well-designed platforms. To take advantage of this rapidly expanding market and provide gaming experiences that are advantageous to both players and creators, companies and developers must collaborate with a Play-to-Earn Game Development Company.

Book a Free Demo - https://bit.ly/3XDvBLR

[tamannagarg]

Crypto Game Development: Revolutionize Gaming with Blockchain

Sara Technologies Inc. is a leader in Crypto Game Development, where we revolutionize the gaming industry with the power of blockchain technology. Our developers craft immersive and innovative gaming experiences. With us, you will not only play games, but you will be part of gaming evolution.

[mobiloitteinc02]

Play-2-Earn Game Development

Unleash horizonless Possibilities with Mobiloitte's Ethereum App Development Solutions! Utilize the power of blockchain technology to produce secure, decentralized operations. Seamlessly integrate smart contracts, enable peer-to-peer deals, and make trust with transparent processes. Elevate stoner experience with unequaled security and effectiveness. Join us to revise the future, one decentralized app at a time!

[aloiz-world]

My @CropBytes farm is runing. The first week will be hard. I consume more than I produce O_o At least i know where I'm going and where to work to create a sustainable farm :3

My referral link : https://cropbytes.com/invite/10EB03

[blockchainblast]

An In-Depth Analysis Of Initial Game Offering

When the internet iteration evolved, people started playing virtually rather than physically. It all started with Play-to-Fun but now transformed into Play-to-Earn (P2E). 

When game and finance combine together, it forms a potential mix called “Game-Fi.”

In the blockchain world, NFTs, cryptocurrencies, gaming, and finance meet at a point known as Game-Fi.

Crypto investors are now entering the booming gaming world to develop feature-rich “Blockchain-based Games.”

A Quick Glance On Blockchain-Based Games!

Games are now making people addicted, and people are now happily enjoying the real benefits just by resting in their homes or anywhere comfortable playing. Gaming owners are also earning with that. It is expected that blockchain-based video games will probably be more than $200 billion by 2023. 

Today, starting a blockchain-based business is easier than you think. 

How?

Here comes the role of the Initial Game Offering (IGO).

A Deep Dive Into Initial Game Offering!

Many business owners and organizations are now willing to launch their new platforms in an effort to capture a piece of this lucrative industry.

One of the most popular ways to launch a new blockchain-based video gaming platform is by releasing an Initial Game Offering.

IGO is nothing but a means of funding blockchain video games. Game creators can get the funds by giving early access to the gaming assets for players or shares to the investors. 

Notably, the in-game materials required to play the game are frequently made available to project participants.

How Is It Put Into Practice?

You might have heard of Initial Coin Offering (ICO). IGO and ICO are almost similar. The only difference is that IGO solely concentrates on the gaming industry.

The game creator will promote the gaming project on the IGO launchpad platform.

Any investor interested in the project can participate in the campaign and invest in the game.

In return, the gamer investor will get early access to the gaming assets and other advantages of the game.

Other regular investors will benefit from a percentage of the profit.

Interestingly, the creator will get the capital he wants to begin the gaming project.

Perks Of Using An IGO!

100% Grip Over Your Game!

When investors are investing in the game, they might expect partial ownership of the game. But IGO does not drive creators to share the ownership.

Fast Funding!

With an IGO, a creator can quickly raise funds. For instance, he can rapidly collect funds from their supporters if he has substantial social media support.

Financing Upcoming Games!

IGO allows the creators to promote several projects simultaneously. As a result, he can get funds for his future games too.  There is no such limit on it.

Final Feather!

Fundraising for blockchain gaming projects using the IGO launchpad platform is a now-trending process. Additionally, they could generate more than enough traffic and hype before a game’s debut.

Are you planning to develop an IGO launchpad platform? Connect with the leading launchpad development company and get innovative ideas and affordable services.

[mobiloittet]

What is Play2Earn Games?

Mobiloitte is one of the leading game development companies offering end-to-end game development services at affordable prices Our 450+ team has experience working on the best games in the industry, including hyper-casual games, multiplayer RPGs, and VR games.We do what we love and what motivates us. Therefore, each of our projects raises the brand name and enables players everywhere to enthusiastically discuss its key features.

Source link:https://bit.ly/3U6nwKX

[ewingstan]

Is there any parahumans character who would have gotten into crypto? Besides Uber and Leet I mean.

Lisa's probably run a few investment scams promising blockchain-backed play-to-earn game development but she prolly wouldn't have touched the actual tech.

I could imagine Rain being weirdly credulous about crypto having non-speculative uses. Being raised in an apocalypse cult might prime you for the whole "this can be an actually usable currency without government backing" pitch. But even that wouldn't be the same as being "into" crypto in the post-boom investor way.

Krouse and Cody both seem like valid options here but both of them had too much going on to cultivate an OpenSeas wallet.

I feel like there's an obvious pick here I'm missing.

[b3dotfun]

B3 is powering on…

hi there,

we're a team of Base/Coinbase alumni and OG ETH contributors who are building something new.

it’s called B3.

but first, a little context.

gaming and crypto have always seemed like the perfect match. every game has a reward mechanism, where the more you play, the better you become, which should then translate into tokens that you earn. 

so why hasn't onchain gaming taken off, with every mom in Nebraska using her onchain points to pay for mani/pedis?

until now, the barriers to bring this experience to everyone have been too high.

the current onchain gaming ecosystem was built too early, with games that cater to traders rather than average players — and actually bringing these games onchain has been too costly and complicated.

that’s where we come in.

B3 is a horizontally-scaled gaming ecosystem, built on Base, that meets people where they’re at. we’re building both a chain AND an ecosystem, enabling the best game developers to focus on one thing: building fun games.

there’s more to share on the tech stack, the games that are launching on the platform, and the upcoming mainnet event. but for now, consider this your power-up, your cheat code, to a future where gaming is brought onchain.

let's change the game together.

-B3

[poojanegi99945]

Innovative Solutions from a Leading Crypto Play-to-Earn Game Development Company

The gaming industry is evolving rapidly, and one of the most groundbreaking trends is the rise of crypto play-to-earn game development. This model has shifted the way players interact with games by allowing them to earn cryptocurrency while playing. It combines the immersive experience of traditional gaming with blockchain technology, offering financial rewards to players for their time and effort.

In this blog, we will explore how a leading crypto play-to-earn game development company provides innovative solutions, helping businesses and gamers take advantage of this booming trend.

The Rise of Play-to-Earn Games

The play-to-earn (P2E) model has surged in popularity due to the integration of blockchain, cryptocurrencies, and non-fungible tokens (NFTs). In a traditional gaming setup, players spend time and money but rarely get tangible returns. Instead, crypto play-to-earn games enable players to earn cryptocurrency, in-game tokens, and NFTs that can be converted into real-world value.

This shift has paved the way for game developers to explore new ways to engage players and monetize gaming platforms. By partnering with a top crypto play-to-earn game development company, businesses can create exciting opportunities for users to enjoy games and earn financial rewards simultaneously.

Innovative Solutions in Crypto Play-to-Earn Game Development

A leading crypto play-to-earn game development company offers a range of innovative solutions designed to enhance player engagement and create profitable gaming ecosystems. Here are some of the key features that set these solutions apart:

1. Blockchain Integration

At the heart of any play-to-earn game is blockchain technology. A skilled development company ensures seamless blockchain integration, making sure that in-game assets like tokens and NFTs can be securely traded on decentralized platforms. Blockchain enhances transparency, ensuring that players can trust the game's reward system.

2. NFTs for In-Game Assets

NFTs (Non-fungible tokens) are transforming how players engage with game assets. These unique, tradable NFTs allow players to own in-game items like characters, weapons, or virtual property, which can be sold for real-world money. An experienced crypto play-to-earn game development company specializes in crafting rare and high-value NFTs, ensuring players remain engaged and invested in the game.

3. Reward Structures

Developers specializing in play-to-earn games design intricate reward systems to keep players engaged. Whether it’s daily quests, tournaments, or achievements, the reward structure is key to retaining players and keeping them coming back for more. With a properly designed economy, a crypto play-to-earn game development company ensures that the in-game currency maintains its value and appeal over time.

4. Cross-platform playability

Today's gamers prefer flexibility, which is why top development companies ensure that play-to-earn games are cross-platform compatible. Whether players are on mobile, desktop, or consoles, they can enjoy a seamless gaming experience. This increases accessibility and helps the game reach a broader audience.

5. Smart Contract Development

Smart contracts are the backbone of blockchain-based games, enabling automated, secure, and transparent transactions between players. Leading crypto play-to-earn game development companies build robust smart contracts to handle in-game token exchanges, ensuring that all transactions are executed fairly and safely without the need for intermediaries.

Benefits of Working with a Crypto Play-to-Earn Game Development Company

Partnering with an experienced crypto play-to-earn game development company offers several advantages:

- Expertise in Blockchain Technology: The complexity of blockchain technology requires developers with specialized knowledge. By working with experts, you ensure that your game's infrastructure is secure, scalable, and user-friendly.

- Innovative Game Design: A skilled development company brings creative ideas and innovative mechanics to your game, ensuring that it stands out in a competitive market.

- Seamless Integration of Crypto Rewards: Developers with experience in play-to-earn games can effectively implement in-game economies that offer real-world rewards without disrupting gameplay.

- Post-Launch Support: Leading companies provide continuous updates, maintenance, and support to ensure that your game remains relevant and bug-free long after its release.

The Future of Play-to-Earn Gaming

As blockchain technology becomes more mainstream, the demand for play-to-earn games will only grow. This model empowers players by offering them a chance to earn while playing, transforming gaming from a leisure activity into a profitable venture. By collaborating with a leading crypto play-to-earn game development company, businesses can stay ahead of the curve and tap into the growing market of crypto gamers.

Conclusion

The future of gaming is intertwined with blockchain, cryptocurrency, and play-to-earn mechanics. A crypto play-to-earn game development company plays a crucial role in bringing these elements together, delivering innovative solutions that elevate the gaming experience. Whether you're a business looking to break into the play-to-earn space or an existing gaming platform aiming to integrate crypto rewards, partnering with experts will ensure your success in this rapidly evolving industry.

Embrace the future of gaming and unlock new possibilities by choosing the right crypto play-to-earn game development company for your project.

[airdrophunting]

Notcoin – How to Earn Crypto in Telegram

Let's face it: trends have a habit of fizzling out quickly. We've seen this play out time and time again. If we're being honest, probably 95% of Telegram games are just riding the hype train, offering little to no real value.

But Notcoin? That's a whole different ball game. NOT isn't just a game; it's a philosophy. The developers realized that a simple clicker game wouldn't cut it long-term. So they used that viral mechanic merely as a way to distribute coins. The real challenge was to offer users something more substantial, something truly valuable.

No sooner had the clicker craze cooled off than Notcoin launched the next big thing: Explore-to-Earn. This is uncharted territory in the crypto world. After a successful beta run, they finally dropped the full release on July 11th.

Let's dive deep into what this project looks like today, who might benefit from it, and most importantly - how to make some money.

Getting Started with Explore-to-Earn

Jumping in couldn't be easier. All you need to do is hop into the Telegram bot.

Next up - and we can't stress this enough - link your crypto wallet to the app. Don't sweat it; it's completely safe. Notcoin can't touch your funds without your say-so. It's just requesting info. Any non-custodial wallet will do the trick. The crowd favorites? TON Space and TON Keeper.

And that's it!

The Essence of Explore-to-Earn: A Triple Win

In the crypto world, you'll often hear the phrase "win-win" - a situation where both parties come out on top. But Notcoin? They've upped the ante with a "win-win-win" system. Let's break down how this clever setup works.

The Notcoin ecosystem brings together three key players: Notcoin itself, other Web 3.0 developers, and you, the users. Notcoin's user base has already blown past an eye-popping 40 million. Let's be real - what project wouldn't jump at the chance to showcase their product to such a massive audience?

Here's how the mechanism works in practice:

A crypto project buys a chunk of NOT tokens from the market (usually around 1 million coins). Think of this as their advertising budget.

You, as a user, go through an onboarding process - getting to know their product, following their channels and social media, and completing various tasks. For your efforts, you pocket the lion's share of these tokens.

A smaller portion goes to the Notcoin team. This is how they monetize the project and fund further development of the app.

The third, also small, portion gets burned. This reduces the total supply of coins, potentially driving up the value of NOT tokens.

In the end, everyone comes out ahead:

You pocket tokens for checking out new projects.

Crypto projects tap into a massive audience.

Notcoin turns a profit from their platform.

NOT holders benefit from the token's rising value.

Simple, yet brilliant...

Let's dive deeper into how this mechanism ticks.

Pools

When a new project drops into Notcoin, they kick off what's called a "pool". Think of it as a reservoir of NOT tokens, with two key features:

Pool Size: This is the total number of NOT tokens up for grabs, waiting to be divvied up among users.

Campaign: This is your to-do list - a series of tasks you need to knock out to get your slice of the pool.

Here's how the process of participating unfolds:

You spot a new pool and decide to jump in.

You work your way through the campaign tasks. This could involve following the project's channels, getting acquainted with their product, performing specific actions on their platform, and so on.

Once you've successfully completed all the tasks, you become a full-fledged pool participant.

Now, here's where it gets exciting: As a pool participant, you start "draining" NOT tokens from it. This happens automatically, every hour. You and other participants gradually claim tokens until the pool is completely emptied.

Levels

Your farming speed in the pool depends on your level. There are three levels: Bronze, Gold, and Platinum. During the beta, your level was determined by how many NOT tokens you staked. Now, things have changed.

Those who staked their NOT tokens early (before May 16th) and haven't withdrawn them yet have been granted a permanent level (as long as they keep their coins staked).

For everyone else, it's now subscription-based. You can pay through Telegram Stars, or use your NOT tokens already in the app.

Will the subscription pay off? That's the million-dollar question. For example, over 2 months of farming at the Platinum level, we managed to mine about 10,000 NOTs. Currently, a 3-month subscription costs 9,990. It's a decision you'll have to weigh carefully.

The Evolution of Notcoin

We envision Notcoin evolving into something akin to Steam - a platform connecting products with end-users. This is the unique value Notcoin offers, setting it apart from most of its clones and imitators.

Looking Ahead:

Temper Expectations: While the potential is there, it's clear that initial promises haven't fully materialized yet. Be patient and realistic.

Stay Active: With future airdrops planned, maintaining activity in the ecosystem could pay off.

Watch the Tokenomics: The limited supply and burn mechanism could lead to price appreciation over time, but it's not guaranteed.

Keep an Eye on New Features: The trading bot and NFTs could add new dimensions to the platform's utility and value.

Platform Potential: If Notcoin successfully positions itself as a go-to platform for crypto projects to reach users, it could become a significant player in the space.

Diversify: While Notcoin shows promise, remember it's just one project in a vast crypto ecosystem. Don't put all your eggs in one basket.

The team's focus on creating a unique value proposition - being the bridge between crypto projects and users - is a smart move. If executed well, this could indeed make Notcoin a "Steam for crypto", providing lasting value beyond the initial hype.

As always in crypto, there are no guarantees. The project shows promise, but also faces challenges and competition. Stay informed, engage wisely, and as they say, DYOR (Do Your Own Research).

Good luck!

[omgmacia-blog]

What Will Drive the Next Crypto Uptrend: 

AI, Memes, or GameFi?

In the world of cryptocurrency, each market cycle often features a dominant trend that drives the overall market volume. Recently, we've observed that Meme tokens and GameFi projects have been leading these trends, capturing significant attention and creating FOMO among investors. Let's explore which sector will lead the market in this uptrend!

Meme Tokens: Simplicity and Hype

Meme tokens like $DOGE and $SHIB are prime examples of how easy it is to create a buzz. These tokens typically start with little more than a humorous concept or viral marketing, but their success depends on community-driven enthusiasm and speculative trading. 

As the value of these tokens rises, early investors reap significant rewards, while those who join later often find themselves facing higher risks. The cycle is simple: early adopters profit, and latecomers provide liquidity before getting left behind. This dynamic generates a strong FOMO effect, where the fear of missing out on potential gains drives many to invest impulsively.

GameFi: Engaging and Rewarding

Similarly, GameFi projects like $Axie Infinity have captivated investors with their engaging and potentially lucrative gameplay. These platforms combine gaming with financial incentives, allowing players to earn rewards through their participation. The appeal is undeniable: players are drawn to the opportunity to earn while they play, and investors are attracted to the potential for high returns. 

The Rise of AI Integration

As Meme tokens and GameFi projects have gained popularity, another trend has emerged: the integration of artificial intelligence into the crypto space. 

AI is becoming more important in many fields, leading to its use in new and existing projects. For example, AI tokens like $FET and $AGIX add innovative features and complexity to the crypto space.

The Potential of AI Meme Tokens

To elevate these trends, many projects are now combining these sectors to create new tokens, such as AI Meme tokens, which are gaining significant attention.

The potential for AI Meme tokens is substantial, attracting investors who want to blend the best aspects of both trends. As AI continues to evolve and become more mainstream, the development of AI Meme tokens is likely to accelerate, leading to new opportunities and challenges in the crypto market.

Famous examples like $BUSAI, $CorgiAI, and $Turbo have captured massive attention from visionary investors and those eager to avoid missing out. This enthusiasm leverages both technology and the popularity brought by the current uptrend.

Therefore, promising AI Meme tokens like $BUSAI offer great benefits to early investors. Not only can you buy these tokens at an attractive price, but their value is also likely to rise significantly with the current uptrend. 

Follow $BUSAI's social media pages to stay updated and make the most of this exciting opportunity.

Source: BUSAI

The Official Channel: Website | Twitter | Telegram 

[mobiloitteinc02]

Play to Earn Game Development Solutions by Mobiloitte USA

Looking to develop a Play2Earn game? Look no further! Mobiloitte USA offers top-notch game development services tailored for Play2Earn gaming platforms. Our skilled team of developers will bring your gaming vision to life, creating immersive and engaging experiences for players. Monetize your game and empower players to earn while they play. Level up your game development with Mobiloitte USA. Visit us today for more information!

[aloiz-world]

It's time for me to invest more than my time in @CropBytes I love how this game is made, especially the play-to-earn system.

My referral code to gain free access for 7 days and start to grow your farm : https://cropbytes.com/invite/10EB03

[layninboritas]

SOURCE PROTOCOL

SOURCE is building limitless enterprise applications on a secure and sustainable global network. Defi white-labelled services, NFT markets, RWA tokenization, play-to-earn gaming, Internet of Things, data management and more. SOURCE is providing blockchain solutions to the real world and leveraging the power of interoperability.

SOURCE competitive advantages over other blockchain projects

For builders & developers — Source Chain’s extremely high speeds (2500–10000+ tx / per second), low cost / gas fees ($0.01 average per tx), and scalability (developers can deploy apps in multiple coding languages using CosmWasm smart contract framework), set it apart as a blockchain built to handle mass adopted applications and tools. Not to mention, it’s interoperable with the entire Cosmos ecosystem.

For users — Source Protocol’s DeFi suite is Solvent and Sustainable (Automated liquidity mechanisms create a continuously self-funded, solvent and liquid network), Reduces Complexity (we’re making Web 3.0 easy to use with tools like Source Token which automate DeFi market rewards), and we’ve implemented Enhanced Security and Governance systems (like Guardian Nodes), which help us track malicious attacks and proposals to create a safer user environment.

For Enterprises — Source Protocol is one of the first to introduce DeFi-as-a-Service (DaaS) in order for existing online banking and fintech solutions to adopt blockchain technology with ease, and source also provides Enterprise Programs which are complete with a partner network of OTC brokerages, crypto exchanges, and neobanks that create a seamless corporate DeFi experience (fiat onboarding, offboarding, and mutli-sig managed wallets)

Why Source Protocol

Firstly, many protocols are reliant on centralized exchanges for liquidity, limiting their ability to scale independently. This creates a lot of the same issues traditional finance has been plagued with for decades.

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

Source Protocol’s ecosystem

Source Protocol’s ecosystem includes a full DeFi Suite, a members rewards program and white-label integration capabilities with existing online Web 2.0 enterprises:

Source Swap — An Interchain DEX & AMM built on Source Chain for permission-less listing of $SOURCE-based tokens, native Cosmos SDK assets, cw-20’s, and wrapped Binance Smart Chain (BEP-20) assets.

Source One Market — A peer to peer, non-custodial DeFi marketplace for borrowing, lending, staking, and more. Built on Binance Smart Chain with bridging to Source Chain & native Cosmos SDK assets.

Source Token $SRCX (BEP-20) — the first automated liquidity acquisition and DeFi market participation token built on Binance Smart Chain.

Source One Token $SRC1 (BEP-20) — a governance and incentivized earnings token that powers Source One Market.

Source USX $USX (BEP-20) — Source One Market stablecoin backed and over collateralized by a hierarchy of blue chip crypto assets and stablecoins.

Source Launch Pad — Empowering projects to seamlessly distribute tokens and raise liquidity. ERC-20 and BEP-20 capable.

Source One Card & Members Rewards Program — users can earn from a robust suite of perks and rewards. In the future, Source One Card will enable users to swipe with their crypto assets online and at retail locations in real time.

DeFi-as-a-Service (DaaS) — Seamless white-label integration of Source One Market, Source Swap, Source Launch Pad, and/or Source One Card with existing online banking and financial applications, allowing businesses to bring their customers DeFi capabilities.

Source Protocol Key Components

Sustainable Growth model built for enterprise involvement and mass application adoption

Guardian Validator Nodes for enhanced network security

Integration with Source Protocol’s Binance Smart Chain Ecosystem and Decentralized Money Market, Source One Market

Source-Drop (Fair community airdrop and asset distribution for ATOM stakers and SRCX holders)

Interoperable smart contracts (IBC)

High speed transaction finality

Affordable gas fees (average of $0.01 per transaction)

Highly scalable infrastructure

Open-source

Permission-less Modular Wasm + (EVM)

Secured on-chain governance

Ease of use for developers

conclusion

SOURCE is a comprehensive blockchain technology suite for individuals, enterprises and developers to easily use, integrate and build web3.0 applications. It is a broad-spectrum technology ecosystem that transforms centralized web tools and financial instruments into decentralized ones. Powering the future of web3,

Next — slow tx speeds, high costs, limited scalability, and inability to collaborate with other chains, has created severe limitations in Gen 2 blockchain infrastructure.

Lastly, there still exists a level of complexity in blockchain applications that remains a barrier to entry for the average user, and there is not enough focus on building “bridges” for the enterprise to adopt this technology easily and quickly.

In summary, consumers are eager for a blockchain ecosystem that can securely and sustainably support mass adopted applications. That’s why we’ve built Source!

For More Information about Source Protocol

Website: https://www.sourceprotocol.io

Documents: https://docs.sourceprotocol.io

Twitter: https://www.twitter.com/sourceprotocol_

Instagram: https://www.instagram.com/sourceprotocol

Telegram: https://t.me/sourceprotocol

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Forum Username: Java22

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3443255

SOURCE Wallet Address: source1svnzfy5fafuskeaxmf2sgvgcn6k3sggmssl8d7

[mariacallous]

“It’s kind of a last-man-standing situation,” says Fred Thiel, CEO of US-based Marathon Digital Holdings. His crypto-mining company, among the largest in the world, has found itself—like the rest of the industry—in the path of a perfect storm.

Over the past year, the sector has been battered by a slump in the price of bitcoin, combined with a spike in the cost of energy and an increase in mining difficulty—a reflection of the amount of computing power directed at the bitcoin network, which dictates the proportion of coins miners are able to win. 

At the height of the 2021 boom, profit margins in the mining business rose as high as 90 percent, says Thiel. But now, they have “totally collapsed.” If the price of bitcoin does not rally, he says, there will be “a lot more pain,” and firms that are only marginally profitable today will find themselves “very underwater.” 

As they scramble to cut costs, miners are playing a high-stakes game of chicken. In spring 2024, the halving, a mechanism baked into the bitcoin system that periodically cuts the number of coins awarded in half, will slash mining profits. The goal for miners is to ensure they are in a strong enough financial position to survive the fall in profits longer than anyone else; as miners give in and drop from the network, the share of coins won by the rest will increase. 

“Any miners that are struggling now will not be able to survive the halving,” says Jeff Burkey, VP of business development at Foundry, which operates its own mining facilities, a large-scale mining pool, and a marketplace for mining hardware. The dynamic will create a rush among miners to get their houses in order, he explains.

Miners will look to eke out additional profit margin wherever they can, whether by deploying superior hardware and cooling techniques, developing software to closely monitor the performance of machines, relocating to territories with cheaper power, or renegotiating the terms of their loans.

Others, like Geosyn Mining, are aiming at vertical integration—all the way down to the energy powering the facilities. The company, says CEO Caleb Ward, wants to construct its own solar farm to power its machines, thereby eliminating a major cost. “We need to be more thoughtful as an industry about how we protect against risk,” he says. “It’s not all about shooting for the moon.”

Meanwhile, the miners whose financial predicaments prevent them from fine-tuning their operations are playing a dangerous waiting game, gambling on an increase in the price of bitcoin that may never come.

“The beauty of halving cycles is that the industry [is forced] to become more efficient—a lot of weaker players will have to exit the business,” says Jeff Lucas, CFO of mining company Bitfarms, which has worked to restructure its finances in the downturn. “The devil is in the details.”

Already on the back foot, mining companies are beginning to fold. Compute North, which owned multiple large-scale mining facilities, filed for bankruptcy in September, and Core Scientific, a publicly traded miner, did the same in December. Others are having to maneuver. Argo Blockchain, also a public company, was forced to sell off mining equipment and its state-of-the-art mining center, while Stronghold Digital Mining has negotiated a debt repayment holiday. Neither company responded to interview requests.

A combination of “immaturity, poor planning, and greed” has led miners to the brink of collapse, says Phil Harvey, CEO of Sabre56, a crypto-mining consultancy firm that also operates its own facilities. While the market was hot, companies took on large amounts of debt at high interest rates (10-20 percent) to finance expansion, says Harvey, and now the value of the coins they earn is insufficient to cover the costs of repayments.

Historically, a steep rise in the price of bitcoin, triggered by a buying frenzy, has been followed by a sharp fall and then a gradual recovery. Although there is no guarantee this pattern will repeat, the process is widely described as the bitcoin cycle. The fatal mistake, says Jaime Leverton, CEO of mining company Hut 8, was to imagine that that 2021 was different—that the industry was in a “supercycle” that was going to “break prior cycles” and extend the hot streak. A lot of people bought into this idea, she explains, and so were caught off-guard when the market tanked.

In an effort to strengthen its own position, Hut 8 is in the process of merging with US Bitcoin, another mining firm. The goal, says Leverton, is to minimize risks associated with the volatility of bitcoin by diversifying both revenue streams and the regions in which the business operates.

Whereas Hut 8 only has facilities in Canada and mines exclusively for itself, US Bitcoin runs mines across the US and hosts mining hardware for third-party customers alongside other auxiliary services. “It’s important to be dynamic,” says Mike Ho, cofounder of US Bitcoin. “There is an optimal strategy, depending on the price of bitcoin. It’s about knowing how to navigate through the cycle at different stages.”

Recognizing the trajectory of the market, other companies have sought to eliminate outstanding debt as rapidly as possible. In the summer of 2021, Bitfarms had $165 million of debt on its books, at interest rates between 16 and 18 percent. Lucas says it may seem “absurd” to stomach these exorbitant rates, but it “made sense” because the cost of debt was eclipsed by the revenue generated by mining activity—at least until it wasn’t. 

“As revenues came down dramatically with the price of bitcoin, there was still a high debt to pay for,” he says. “And that put a squeeze on a lot of companies.” 

In June 2022, Bitfarms began to sell down the bitcoin in its treasury to eliminate its debt. Earlier this month, the firm also managed to negotiate down a $21 million debt to bankrupt crypto lender BlockFi that was instead paid off in a single $7.75 million cash payment. The company’s approach to slashing debt, coupled with a focus on maximizing the efficiency of its mining rigs, says Lucas, will put Bitfarms in good stead to weather the remainder of the crypto winter.

The scramble among miners to balance the books has attracted the attention of other market participants hoping to increase their market share at a reduced price. Investment firm Galaxy Digital has long been eager to expand its bitcoin-mining operations. Sensing an opportunity, the company swooped in to grab Argo’s flagship Helios mine in December, spending $65 million for a facility reported to have cost at least $1.5 billion to build.

Mergers, acquisitions, and collapses will continue to be a theme, says Alex Mologoko, analyst at blockchain intelligence company Elementus, until “all economically unsustainable mining operations are weeded out.”