Play-to-Earn Game DeFi Land Successfully Closes IDO, Prepares for Listing on FTX and Raydium
DeFi Land, the play-to-earn game that teaches the mechanism behind the DeFi world, has officially closed its IDO on Raydium, Gate.io and Solanium, with its DFL token scheduled for listing and trading on November 24 at 4 PM UTC.
DeFi Land’s public sale of 100,000,000 tokens, 1% of DFL total supply, has been concluded with 0.7% sold on Raydium, 0.1% on Gate.io and 0.2% on Solanium.
As Play-to-Earn games are triggering excitement for the crypto ecosystem, DeFi Land aims to take the “DeFi degen” culture of farming and effectively “playing” with assets to earn money, and turn it into a literal farming game. DeFi Land can be considered as a gamified interface for DeFi, rather than a stand-alone game.
DeFi Land is structured as a farming simulation where each token is represented by a flower or a plant. By managing their virtual farm and cultivating different products, gamers will earn a real yield from their field’s growth while also expanding their knowledge about the DeFi world and its nuances. DeFi Land is based on Solana but is aiming for cross-chain interactivity, and it is already connected with the leading DeFi platforms and farms on Solana. DeFi Land aims to be the gateway into the world of farming for crypto-newbies, for whom diving into the current DeFi ecosystem may be overwhelming at first. The game also offers a “practice mode” where gamers can learn about crypto trading and farming using fake assets.
The DFL token will be the fuel of the platform, enabling users to govern the game, stake to earn additional rewards, craft in-game NFTs and more. The project is backed by Play-to-Earn and Solana heavyweights including Jump Capital, Alameda, and Animoca.
DFL Erwin, DeFi Land’s anonymous project lead, says:
“We are thrilled to announce the public sale of DeFi Land tokens. DFL will be used to govern our game, stake, trade and craft NFTs and more. Our community can expect various in-game use cases for our token, which will give them multiple ways of earning and learning.”
GammaRay, co-lead of Raydium, added:
“DeFi Land is bringing a whole new level of Play-to-Earn gamification to DeFi. Not only will it help onboard new users while driving liquidity and volume on Solana, it’s also going to be a ton of fun. Raydium is super excited for this launch on AcceleRaytor.”
An FTX representative added:
“The FTX team is excited to see the continued growth of blockchain gaming and thinks Defi Land fits a particularly good niche in this vertical.”
About DeFi Land
DeFi Land is a multi-chain agriculture-simulation web game created to gamify decentralized finance. The game aggregates all decentralized finance platforms, turning them into a hybrid Play-to-Earn game and DeFi interface for Solana and other chains.
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity and new features for earning yield.