Key takeaways:
- LunaFi has announced the first-ever gamified Initial DEX Offering (IDO)
- Players will be able to participate in the LunaFi IDO Crash game and bet on the game’s outcome to earn LFI rewards
- LunaFi is a decentralized betting protocol, which unites players, liquidity providers, and developers in an LFI-powered ecosystem
LunaFi IDO Crash game players can score LFI awards
LunaFi, a decentralized betting protocol that allows players to earn a share of house profits, has announced a betting-inspired Initial DEX Offering (IDO) that features exciting and potentially lucrative gamification elements.
The LunaFi Crash blockchain-powered game lets players earn crypto rewards with a twist. The premise of the game is pretty simple. The LunaFi rocket is the star of the show and constantly goes up, before it randomly crashes. This is where the fun element comes in. Players can bet their ETH holdings to try and predict when the rocket will crash. If they are correct, they will receive LFI at the token generation event (TGE). However, if their guess turns out to be wrong, they will need to try again. The uses smart contracts, which ensures that the underlying mechanics are probably fair.
The LunaFi team aims to raise $500,000 in the first, week-long phase of the game, during which players can deposit ETH to participate in the IDO. The phase is slated to commence on April 1. At the same time, the team will launch a classic private slate on Lithium.finance (BSC) and Starter.xyz on Polygon. IDO participants will have time until April 15th to claim their funds. On the same day, LFI staking will go live.
After the liquidity deploys to Quickswap and the initial token distribution concludes, the second phase of the LunaFi Crash game will start. During this phase, players will be able to use ETH-LFI LP tokens to score LFT at discounted rates.
LunaFi CEO George Porchester commented on the company’s gaming-inspired IDO:
“We thought it would be fun to have our very own gamified IDO. No better way to showcase our platform right from the start. The LunaFi Crash game is the first Proof of Concept of how we can revolutionize gambling with crypto, but there will be more.”
LunaFi was created by a team of blockchain enthusiasts with an extensive background in the gambling industry. The decentralized betting platform not only allows players to place bets on sports events, but also gives users the ability to earn yield farming rewards and earn a share of the revenues generated by the platform. The LunaFi ecosystem is underpinned by the LFI token, which grants its holders governance rights and the ability to boost their crypto earnings.
