Play-to-earn (P2E) games are currently all the rage, with new projects popping up every day. These are games where players can own in-game assets such as characters, skins, artifacts, weapons, and even virtual property. Additionally, players can also receive tokens for completing missions or winning PvP contests. These tokens are often tradeable in the game’s marketplace or are exchangeable for other cryptocurrencies.
During the deprivations occasioned by the COVID pandemic, when many people had lost their jobs and sources of livelihood, P2E games emerged as viable opportunities for them to earn passive incomes from the comfort of their homes.
However, in most cases, players had to invest a certain amount to purchase tokens before they could start playing and earning. And since each game had its unique token powering its ecosystem, players needed to buy a multitude of digital coins to enjoy more than one crypto game.
To eliminate the need to purchase a host of tokens to enjoy playing a variety of games, a group of developers came together and created ELEF World, an NFT platform made up of ten games powered by one universal token, ELEF.
ELEF World Explained
ELEF World is a blockchain-based game with very simple gameplay mechanics that lets players earn in-game rewards called LF, which they can then swap for the game’s native cryptocurrency, the ELEF token. The beauty of ELEF World is that no prior gaming experience is required for you to play; anyone can join in the fun.
The platform is a highly immersive shared world where regular folk can gather to play games, socialize, and work. ELEF World features ten different games from which players can earn profits from mining, farming, battling enemies and bosses, and trading NFT characters. Players can also earn rewards from a weekly prize pool by participating in the platform’s PvP game mode.
ELEF World Games and Gameplay
In January 2022, ELEF World will launch the first of the ten titles it has planned for its metaverse. These titles are to be launched in phases, and they will include Crypto Nanotube, VerdTube, DinoTube, Shark Thug, Crypto Nanotube Adventure, and DinoTube Adventure.
Crypto NanoTube is slated for release on January 16, 2022, and it is a fun and easy P2E NFT game where players will be able to mine LF and exchange them for ELEF tokens. The game will be deployed on the Binance Smart Chain network (BSC), and will be compatible with Web3.0 wallets like MetaMask. These wallets will be used to pay gas fees and for all game-based transactions.
To mine LF, players will need to have miners, who can be obtained by purchasing in-game assets called chests. There are two types of chests in the game, each with varying degrees of rarity. Ten thousand normal chests and 1,000 limited chests will be available from January 2022. Limited chests, which will have 20 times the LF-mining power of a normal chest, will be made available to players who will be part of a whitelist. There are two ways in which players can get on the limited chest whitelist: they could maintain a balance of 200,000 ELEF in their wallets for 30 days, starting from December 10, 2021, to January 9, 2022, or they could lock 90,000 ELEF for 30 days on a third party locker such as DeepLock.
Apart from miners, players in the ELEF World metaverse will also need to own pickaxes, shovels, and TNT explosives. The explosives will be used to break or loosen rocks in the first step of the mining process. After that, players will use pickaxes to remove the broken or loose rocks to uncover LF minerals. The shovels will be used to dig and expand mines in the game.
Finally, to keep miners happy, healthy, and energetic, a player will need to provide them with food. Each miner will consume 30 units of food per day, and 100 units of food will cost 50 LF.
Of course, all this mining will have to be done somewhere, and the Crypto NanoTube ecosystem will be made up of lands capable of holding different numbers of miners. Common land, which will be free, will hold a maximum of 10 miners. Deluxe and Premium land, which can be bought, will hold 20 and 40 miners respectively.
Once all the requirements are met, players will only need to press the “mine” button in the game and wait until their miner’s contract runs out. Contract lengths will range from between 3 to 15 days. LF can also be earned through lucky spins or by completing a number of challenges in the game.
And to make the game even more accessible, Crypto NanoTube will offer a World Scholarship Program, where players can rent out their miners to other players who may not yet have miners of their own.
All the player-owned non-fungible tokens (NFTs) will be minted in the ERC-721 standard, making them both unique and tradeable in the ELEF World marketplace.
Smart Contract Audit
As is required of any new crypto project, a security audit was carried out on the ELEF World smart contract by the German-based auditing company, SolidProof. Subsequently, the smart contract was given a clean bill of health, with no high or medium criticality issues detected.
Token Distribution
ELEF was recently listed on CoinMarketCap, the world’s most referenced price-tracking website for crypto assets. At the time of writing, the token was trading at $0.01149, and had a market cap of just north of $114 million.
ELEF has a total supply of 10 billion coins which was split up in the following way:
- 53.2%, which is about 5 billion tokens, went into the game’s play-to-earn model.
- 23.1%, or 2 billion tokens, went into the platform’s ecosystem fund.
- 5.3%, or 500 million tokens, were reserved for the team.
- 5.3% was set aside for liquidity providers.
- 5.3% went to centralized exchanges.
- 5.3% was earmarked for marketing.
- 1.1%, or 100 million tokens, was set aside for the community.
- 1.1% went into NFT staking.
- 1.1% was given to the project’s advisors.
- 1.1% was used for the fair launch.
Roadmap
ELEF World plans to launch more titles in 2022 after the release of Crypto NanoTube. For example, in March of next year, they hope to launch their second game called VerdTube. Two months later, they plan to launch the third game on the ELEF World metaverse, DinoTube. July 2022 will see the platform release its fourth game, which will be named Shark Thug.
ELEF World’s fifth release of 2022 will be Crypto NanoTube Adventure, followed by the launch of DinoTube Adventure in January 2023.
The second phase of game releases will commence from May 2023.
Final Thoughts
The future of gaming is in all-encompassing P2E metaverses where people can play games, interact socially, and work. ELEF World CEO,++ Ronald Cartey++, believes that the metaverse concept is still in its infancy, and as such, now is the best time to get on board and carve out a strong position for themselves before the sector becomes inundated. In the cut-throat crypto industry, a head start can be the difference between the success or failure of a project.
Right now, ELEF World’s first game is yet to be released, so we will wait and see how popular it can be, given the simplicity of its gameplay mechanics and the plethora of earning opportunities the ecosystem promises.