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What’s Gunz (GUN)? – Bitfinex weblog


What’s Gunz (GUN)?

GUNZ is a blockchain-based platform built-in into conventional gaming codecs, enabling gamers to transform in-game objects into NFTs (non-fungible tokens) in the event that they select to take action. Bitfinex is without doubt one of the first international exchanges to record the GUN token. In contrast to typical free-to-play video games the place bought or earned objects stay locked throughout the recreation ecosystem, GUNZ offers gamers precise possession of digital belongings, which means this stuff may be traded, stored, or offered on the in-game market or different suitable platforms. This method goals to offer extra flexibility and management to customers over the digital items they earn throughout gameplay.

The platform is presently featured in two video games: Off The Grid (OTG), a cyberpunk-themed extraction battle royale out there on PC and consoles, and Technocore, a cell recreation centered on navigating a drone by complicated environments whereas amassing loot. Gamers in each titles can discover loot containers generally known as HEXes, which, if efficiently extracted, may be transformed into NFTs. This mechanism hyperlinks gameplay achievements with blockchain-based possession, distinguishing GUNZ from conventional loot or beauty methods.

What’s the GUN Token?

The GUN token is the native digital forex of the GUNZ gaming platform, designed to assist a decentralized financial system inside taking part video games corresponding to Off The Grid and Technocore. It serves as each a utility and reward token, enabling gamers to commerce, buy, and unlock in-game objects and options. In contrast to conventional recreation currencies which might be confined to a single recreation or managed solely by a government, GUN operates on a blockchain, giving gamers verifiable possession of the tokens they earn or buy.

Throughout the GUNZ ecosystem, GUN tokens are primarily used to facilitate transactions on the in-game market, the place gamers can purchase, promote, or commerce objects which were tokenized as NFTs. These things can vary from weapons and beauty upgrades to character enhancements and hideout options. This decentralized mannequin means gamers can extract real-world worth from their in-game progress by exchanging digital belongings in a clear and safe surroundings.

GUN can also be tied to gameplay incentives. Gamers earn tokens by finishing varied challenges or aims throughout matches, corresponding to rating extremely within the recreation, extracting loot, or utilizing particular gear successfully. This method encourages lively participation and ability improvement, rewarding gamers not solely with in-game development however with tradable digital belongings. These tokens can then be reinvested into the sport or held as a type of worth, relying on the person’s preferences.

Importantly, the GUN token is optionally available for gamers preferring a extra conventional gaming expertise. Gamers can take pleasure in GUNZ-powered video games with out participating within the token financial system, as all core gameplay options stay accessible with out using GUN. Nevertheless, for these enthusiastic about digital possession, buying and selling, or incomes by play, the GUN token introduces a brand new layer of engagement, merging conventional gaming with the rising world of decentralized digital economies.

GUN Tokenomics

The GUN token, native to the GUNZ gaming ecosystem, has a hard and fast most provide of 10 billion tokens, making certain a transparent cap on issuance. On the time of its itemizing, the preliminary circulating provide will stand at roughly 604.5 million GUN, representing 6.05% of the whole provide. As a part of its public launch, 400 million GUN tokens (4% of the whole provide) have been allotted as rewards by Binance’s Launchpool, permitting customers to farm GUN by staking BNB, FDUSD, or USDC. This initiative incentivizes early adoption and liquidity participation throughout three supported swimming pools, with 80% of rewards designated to the BNB pool and the remaining 20% evenly cut up between FDUSD and USDC. Full tokenomics particulars, together with good contract data, are anticipated to be made publicly out there at launch.

The best way to purchase GUN with crypto

1. Log in to your Bitfinex account or enroll to create one.

2. Go to the Deposit web page.

3. Within the Cryptocurrencies part, select the crypto you intend to purchase GUN with and generate a deposit handle on the Alternate pockets.

4. Ship the crypto to the generated deposit handle.

5. As soon as the funds arrive in your pockets, you may commerce them for GUN. Learn to commerce on Bitfinex right here.

The best way to purchase GUN with fiat

1. Log in to your Bitfinex account or enroll to create one.

2. That you must get full verification to have the ability to deposit fiat to your Bitfinex account. Study completely different verification ranges right here.

3. On the Deposit web page, underneath the Financial institution Wire menu, select the fiat forex of your deposit. There’s a minimal quantity for fiat deposits on Bitfinex; be taught extra right here.

4. Verify your Bitfinex registered e-mail for the wire particulars.

5. Ship the funds.

6. As soon as the funds arrive in your pockets, you need to use them to purchase GUN.

Additionally, we’ve Bitfinex on cell, so you may simply purchase GUN forex whereas on-the-go.

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