Elfin Kingdom is a GameFi project that combines decentralized finance yield farming and non-fungible tokens with gamified aspects to create a play-to-earn platform that enables users to acquire, battle, and farm their cryptocurrency in order to earn more.
In the Elfin Kingdom, players select their own positions and determine how to best utilize all available opportunities. Each role can maximize their earnings with a sophisticated approach thanks to an integrated banking system.
What is covered in this article:
Elfin Kingdom integrates the finest of Decentralized Finance and GameFi into a single gaming metaverse through a virtual commercial operation in a collection of tiny communities that includes farming, harvesting, banking, and industrial processing functions. On the blockchain, an unrivaled real MMORPG experience awaits, complete with built-in play-to-earn joy and prizes.
In the Elfin Kingdom, players may choose their roles and begin the journey right away, earning tokens and other in-game goodies along the way as they progress. They could own or rent a farm or property, train elfins to fight to level up, or simply capture and gather elfins for entertainment. Some may take up the task of competing in and winning the World Championship of the Elfin Kingdom and becoming the Master Elfin Trainer.
The Elfin Kingdom is continually evolving. They have already accomplished a lot on their roadmap by the year 2021. This year, the Elfin Kingdom continued to improve itself by doing internal beta testing and forming new partnerships. The launch of the entire game, the introduction of new battle leagues, the launch of the Farmers Union, and the completion of the Elfin Town infrastructure are also on their 2022 roadmap. Currently, the game is in Open BETA Testing. Users can try out the catching feature and PVE mode, but we can’t get into the game town. However, because the game is still in production, expect additional updates in the future.
Elfin Kingdom’s gameplay is similar to Pokemon in Gameboy Color version 98'. PvE and PvP modes, as well as minigames and quests, will all be available to players in this game. In this game, players will take on the role of a trainer. They can empower their Elfins by training and battling them. Every Elfin is a one-of-a-kind NFT that allows gamers to collect, combat, farm, and earn more.
Initially, players begin in Elfin Town, which contains a variety of locations to explore in the Elfin Game. In their shop, players can purchase in-game products such as potions, food, catchers, skill cards, gems, and other items. Trade NFTs, such as Elfins, lands, or NFTs from the Elfin Ecosystem, in their marketplace. In the guild, players can also apply for scholarships. Stake $ELFIN tokens in the Elfin Bank and get a healthy APY, among other benefits. Some structures in the Elfin town can be explored, however they are not open at the moment due to the BETA stage. Players will be able to check them out once the game is fully released.
To begin a league, players will need three Elfin, which is the same number of Axies required to play Axie Infinity. Their battles are simple to understand and operate similarly to Axie battles.
The Elfin Kingdom is both a play-to-earn and a free-to-play game, which means that users do not need to pay hundreds or even thousands of dollars to receive a return or play the game. All they have to do is keep accessing the Kingdom and participate actively. A wallet is all that is required to log in and begin playing instantly. Players can also earn income by just having daily login bonuses, taking care of farms, and training Elfins.
Elfin Kingdom’s main team consists of eight members. Elfin Kingdom is led by Juan Ibagon, a former CEO of LA Conexion and Director of Investment and Business Development at Bytom. Juan has over five years of experience in the crypto industry, and he has worked in all of the major areas.
All of the members of their team are dear friends who were inspired by the childhood game Pokemon to come up with the idea of creating and executing this project.
Good Games Labs, Chumbi Valley, Merit Circle, Kava Labs, among many other well-known platforms, are working with Elfin Kingdom, including Binance Lab, the venture capital arm and innovation incubator of Binance, Polygon Studios, the gaming and NFT arm of Polygon that is focused on bridging the gap between Web 2.0 and Web 3.0 and growing the blockchain gaming and NFT ecosystem, and many others.
The Elfin Kingdom’s native currency, $ELFIN, is meant to be distributed fairly among the Kingdom’s citizens while also ensuring future growth and other incentives to maintain the Kingdom’s economy healthy.
First and foremost, as we’ve seen, $ELFIN is a BEP-20 token on the Binance Smart Chain that can be used within the Kingdom’s ecosystem for governance within the Decentralized Autonomous Organization (DAO), to purchase Elfins or bind them into gems to summon rare and legendary Elfins, to stake and earn interest, or to form farmer’s unions.
The initial circulating supply of the $ELFIN token will be 40 million tokens, with a market capitalization of only $2 million. The majority of the $ELFIN tokens will be used to assist the Elfin Kingdom expand by sponsoring marketing initiatives and the ecosystem, motivating the community, and incentivizing farming, as seen in the figure above.
In the Elfin Kingdom, the $ELFIN token is the primary currency, and it performs a variety of functions. Residents of the Kingdom can use $ELFIN to buy Farmland, Elfins, Factory Gem Processing power, form Farmers Unions, and vote on game direction.
NFT assets, such as Elfins and farm equipment, must be generated by burning the token. It can be obtained through staking and farming as well as through direct purchase or through a Farmer’s Union. Those who own tokens worth $ELFIN can also play a role in community governance and earn rewards through the Kingdom’s Decentralized Autonomous Organization (DAO).
The citizens of the Kingdom must also stake $ELFIN in order to purchase additional land or factories. Finally, the Kingdom’s transactions create revenue that may be used to repurchase more $ELFIN, thus raising the value of the currency and ensuring its continuous operation.
This token has no limit on supply and can be used to buy in-game products such as ElfinCatchers, skill cards, potions, and other food. The BEP-20 token protocol is used by the $KING token.
Residents can purchase ElfinCatchers with $KING tokens, which can be used to guard the Elfin Kingdom against threats from wild Elfins. These tokens, which have no supply limit, are used to reward the most active citizens.
Residents must complete daily quests in-game or distribute referral links on social media to earn $KING.
Now that you’ve learned everything there is to know about the game, I’ll show you how to get started.
However, if you already have one, you’re all set to begin. After creating a metamask wallet, we must change the wallet’s default network from Ethereum to Binance Smart Chain Mainnet because Elfin Kingdom is built on this network.
To add a new network, navigate to your metamask account settings.
Fill in the details with the following parameters:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
You will be able to see on your main page that you have successfully added the network and your balance after saving the network.
And now, once you’ve completed your metamask account setup, we’ll link metamask to Elfin Kingdom by visiting the Elfin Kingdom game website: https://game.elfinkingdom.com/
Afterward, click the metamask icon. Simply click “connect” on the pop-up window to link your wallet.
And there you have it, folks. Now you can play Elfin Kingdom whenever you wish. Just make sure you’ve transferred enough BNB to cover the registration and daily quest gas payments. Best of luck!
For more detailed information regarding linking metamask to the Elfin Kingdom, click here.
Overall, you’re now armed with a wealth of fundamental knowledge to help you explore the world of the Elfin Kingdom. Furthermore, even though not all of the game’s features have been fully released, we hope that players will still find the game enjoyable to learn. Especially since it still hasn’t released an official whitepaper, which keeps the game intriguing and even thrilling to discover.
To learn more about their latest developments, follow them on their social media accounts and visit their official website.