Hot PlayToEarn News Today Introducing Arenum, the DeFi Platform Betting on Mobile Gaming Tournaments You Must Read To Get More Information For Making Money Online.
Arenum is a DeFi platform focused on mobile gaming tournaments. The team hosted 4 IDO events on SolRazr, Trustpad, Occam, and Infinite Launch. The platform is running on the Solana Blockchain.
After a successful set of IDOs and private funding above $1m, Arenum proved there’s a gap in the market for a Solana-powered platform for gaming tournaments.
Although not live at the moment, Arenum is set to launch their play to earn mechanics on May 15th. For the time being, they’re putting the platform to the test with nine mobile casual games and a tournament platform where players can win gems that may be traded for NFTs in the future Arenum Metaverse.
The ambitious project can be segmented into three pieces: the Arenum Platform, the complimentary Scorebeat App, and the Arenum Token – $ARN.
Arenum is the tournament platform where players can register for tournaments for PUBG mobile, Call of Duty mobile, Garena Free Fire, and Brawl Stars. Most of them are recurring tournaments, with Brawl Stars being the most popular game with 40+ tournaments per day.
Anyone can register to the platform for free and sign up for the daily tournaments. The details to join the room and participate will be posted 10-15 minutes before the first round starts.
There’s a set amount of gems up to grab for each tournament. Players in the top positions will get the most gems. As of now, gems are not coins or tokens, and they can’t be traded for the governance token ($ARN) – they’re simply in-game collectibles.
Arenum confirmed the gems will be exchangeable for NFTs once the platform releases on the 15th of May.
In its final release, Arenum will include an SDK for all developers to integrate with, and a full incentive platform to reward players that engage with partner games through tournaments, missions, or daily quests.
The main goal of the platform is to provide game developers with the tools they need to attract new players, and the cost per acquisition lowers dramatically if Arenum focuses on matching players with a set of games rather than a single one.
Additionally, rewarding players for spending time in partner games is an effective incentive for the billions of players worldwide to approach NFTs and crypto. The platform is free and will remain free, even after the release.
Free players get limited access to tournaments and have no perks. The more $ARN you stake in the platform, the more tournaments, and perks, you can access.
There’s an overarching game in the Arenum Metaverse, specifically an auto-battler. While winning tournaments in the testing phase will only get you gems, winning them in the released platform will get you tokens and eggs.
Eggs can be bred for a more valuable one or can be hatched to obtain a monster. Monsters can be used to fight in the PvP auto battler.
Scorebeat, on the other hand, is where the developers are testing out new ideas for upcoming titles they want to release. The platform is home to nine mini-games: Bouncing Balls, Rise Up, Merge Masters, Diamond Jump, Boom Ballz, Knives Hit, Dunk Stars, Flappy Doggo, and Classic 2048.
The games will reward you with coins. The coins are visual achievements, and they serve no real purpose other than testing the games.
The team wants to release over 200 mini-games like these to test out different features and host casual tournaments from time to time.
Just like any other side of Arenum, the Tokenomics is focused on Tournaments. The total supply is 100,000,000 – with 17.5% dedicated to community incentives.
Depending on how much $ARN you stake, you will get a tier from Tier IV to Tier I and, eventually, Tier God.
- Tier IV allows you to join in most tournaments, but premium ones will be locked for you. Cashing out prizes will be expensive, and getting good eggs to hatch nearly impossible;
- Tier III requires a stake of 20 $ARN, including a free starter pack with an egg for the NFT auto battler. Tier III players get some perks like an NFT badge and special events. They also get a 5% referral bonus from friends they refer to Arenum;
- Tier II requires a stake of 80 $ARN, and will reward players with 24/7 premium support, lower commission fees to cash out, and premium tournaments;
- Tier I requires a stake of 160 $ARN, and it’s the tier that allows creating tournaments on their platform. It also gives players a high chance to drop a rare egg;
- Tier 0 requires a stake of 1,000 $ARN. This tier is for developers that want to add games to the platform and benefit from gamers Arenum attracted to the tournaments. They can have infinitely deep referral links, create custom pools for prizes, and have a personal support manager. Tier 0 is also referred to as “Tier God”.
Regardless of a player’s participation in the tier system, players do not need to stake to have access to the platform. To learn more about the Tokenomis, refer to their whitepaper.
With a promising roadmap featuring multiple mini-games and an upcoming release, Arenum is set to be a platform we’ll keep covering in the following weeks.
Although their promises might be delayed due to the position of the team, which seems to be in Russia at the moment, most of their roadmap is on track.
The project does have some quite ambitious goals, and the information about how the prizes will work is scattered and sometimes inconsistent. This is usual for new projects, and once the initial version of Arenum goes online on May 15th, they should be able to clearly define how and when the play-to-earn mechanisms will be in place.
Since the previous IDO, their Discord server appears to be dormant and quite empty, and their Twitter profile exhibits similar indications of inactivity. We hope they will be able to resume publishing shortly.
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