Token Evaluation: Evening Life Crypto (NLIFE)


Whereas gaming has been touted as probably the most promising use instances for the blockchain, it has arguably managed to remain caught within the Stone Age and — for probably the most half — has did not stay as much as the hype. A budding venture referred to as Evening Life Crypto is hoping to alter that by reaching actual avid gamers, serving to blockchain gaming to realize its potential, and elevating the usual for the remainder of the trade. It’s a tall order however one which the builders behind the Evening Life Crypto platform, Evening Life Labs, LTD, are betting on.

Evening Life Crypto (NLIFE) is the native cryptocurrency for the Evening Life Crypto venture, an on-chain trustless gaming platform that harnesses the facility of decentralized finance (DeFi) and a second-layer answer comprising Binance Good Chain and Turtle Community. The Evening Life Crypto workforce’s imaginative and prescient is to symbolize “next-gen blockchain gaming” by constructing a platform on which avid gamers can do what they do greatest (play video games) in a zero-fee setting (for arcade video games) whereas additionally producing returns by way of staking.

Whereas there isn’t a scarcity of blockchain gaming choices, Evening Life seeks to distinguish itself by providing prime quality trendy arcade video games, a deck constructing buying and selling card sport and on line casino gaming. Most blockchain gaming platforms on the market select one or the opposite and up to now have largely did not ignite the magic spark with avid gamers.

Evening Life Crypto Mechanics

Evening Life Crypto combines gaming with DeFi and the blockchain. The platform incentivizes customers with achievements within the type of non-fungible tokens (NFTs), that are all the fashion, and of which there are 5 that may be attained per sport and ultimately directed towards buying and selling with different customers on a future market or cashed in for prizes. NLIFE token holders can even take part within the newest DeFi craze by utilizing their tokens to supply liquidity on decentralized trade PancakeSwap whereas staking their liquidity tokens to earn a share of the charges tied to promote orders.

The NLIFE token is tradeable on Binance Good Chain. Evening Life Crypto has partnered with the Turtle Community blockchain, which is thought for its velocity and low transaction value, to construct the gaming platform on. PancakeSwap is used for staking.

  • There’s a 2.5% tax on Pancakeswap switch charges (aside from sending to/from the platform)
  • Of that, 1.5% goes to liquidity stakers whereas 1% goes to the venture for future growth

Token Distribution

Evening Life Crypto means that its “tokenomics enable for pure value will increase over time.” Right here’s what we all know:

  • NLIFE has a most provide of three,425,000
  • The circulating provide on the token-generating occasion is 800,000 NLIFE
  • The gateway provide, or financial institution for on line casino winnings, is 1,500,000 NLIFE
    • All consumer losses within the on line casino return into the gateway, decreasing promote strain.

Pre-Sale Token Launch Schedule

  • 250,000 NLIFE tokens can be launched at launch
  • Presale tokens can be launched each 30 days for the primary 4 months for a complete of 262,500 NLIFE
  • Presale tokens can be launched each 30 days for months 5 and 6 for a complete of 37,500 NLIFE

TokenomicsWorkforce

Evening LIfe Crypto is being developed by the aforementioned Evening Life Labs, LTD. The venture boasts a workforce of advisors and companions, together with:

  • Draeth — Undertaking advisor; President of the Blockchain Privateness, Safety & Adoption Alliance (BPSAA); and Captain of Pirate Chain
  • DreamTim — BPSAA VP of promoting; Pirate Chain head of promoting.
  • Wolf —Know-how advisor; Polarity.trade CBO; Turtle Community advisor
  • Aureus (Polarity.trade) —Companion; Platform growth; Sport growth

Advantages

  • Trustless — The Evening Life Crypto platform is trustless whereas transactions are open-source and verifiable on the blockchain. This can be a massive deal for gaming and casinos, the place there’s a lack of transparency related to off-chain exercise.
  • Privateness — Evening Life Crypto doesn’t acquire private data on customers. Avid gamers have the choice to create nameless accounts with out the necessity for an electronic mail deal with. In the event that they so select, customers can present an electronic mail deal with and entry on-chain two-factor authentication (2FA) for larger safety.
  • Two-layer answer: The usage of two blockchains, Binance Good Chain and Turtle Community, is exclusive for a gaming platform. This enables Evening Life Crypto to entry a devoted platform for buying and selling the NLIFE token and one other for gaming with out having to compromise or accept a single community.
  • Zero transaction charges for all sport transactions, and whereas the platform makes use of Binance Good Chain (BSC), there isn’t a want for avid gamers to carry Binance Coin (BNB) of their wallets and as an alternative can spend NLIFE tokens to ship their funds again to BSC.
  • Non-custodial wallets — Customers management their very own wallets, that are generated on the platform. In the event you’re accustomed to ‘not your keys, not your crypto,’ then you know the way vital it’s to personal your individual seed phrase for the pockets and management your individual funds and rewards, which is exactly what Evening Life Crypto lets customers do.
  • The workforce is seemingly accessible on social channels together with Discord, Instagram, Twitter, Bittube, Medium, Telegram and Flote.

Potential Dangers

  • Blockchain gaming has not but hit its stride, regardless of all of the hype. Whereas the Evening Life Crypto can actually speak a great sport, it stays to be seen whether or not actual avid gamers will really flock to the platform.
  • Competitors from the normal gaming trade, together with Steam and Origin.
  • Whereas Evening Life Crypto has some distinctive options to supply customers, the blockchain gaming decentralized app (dApp) house is kind of crowded and solely a fortunate few have hit it massive, equivalent to CryptoKitties.
  • Whereas the NLIFE token might be traded individually on BSC, its worth is tied to its use case on the Turtle Community.
  • The venture continues to be being constructed. Whereas they’ve 5 on line casino video games, the arcade and buying and selling card portfolios seemingly have but to be created. The NFT market can also be nonetheless being constructed.

Development Potential

Evening Life Crypto has massive plans for Q2 2021, together with:

  • IDO listings
  • Contract and sport auditing
  • Arcade sport demo releases
  • Extra sport growth and releases
  • NFT market launch

Disclaimer

There’s quite a lot of threat related to investing in cryptocurrencies — particularly new tokens — and in some instances extra so than different asset courses. We advise you to “do your individual analysis” (DYOR) and carry out your individual due diligence previous to investing. For extra data on Evening Life, or to overview their full white paper, you possibly can go to https://nightlifecrypto.com.

 



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