Ethlas and Komo: Another Rising Metaverse Helping Others Become Millionaires
This GameFi Project Brings Staking and NFTs to a New Level
Ethlas is a free-to-play GameFi Metaverse that was awarded “Best NFT/GameFi project” by Polygon Foundation in December 2021.
Players login with MetaMask, play different genres of games, and earn Gems when they rank on the leaderboard!
Their investors are high profile executives from Coinbase, CoinMarketCap, Global Blockchain Innovative Capital, Venturra Capital, Grab and many more.
They are positioned to be the aggregator of all Web 3.0 play-to-earn games for consumers & game studios, with plans for their XGEM token sale (on-going), NFT sale, governance token sale, and land sale in the next few months.
In the Metaverse, players engage with a suite of skill-based games to earn GEMs — the in-game currency of Ethlas. You can either use the GEMs you earned to join the weekly grand draw to win more GEMs or redeem them for crypto.
What makes Ethlas Metaverse special is that it is free to play. With no subscription fee, players can immediately dive into the world and have a good time. You can play a variety of games at your leisure, and earn a few bucks in the process.
It’s available on both PC & mobile and it’s pretty easy to get started. All you have to do is Install MetaMask on your phone or browser and connect your wallet. Easy right? Obviously, if you are a gamer as well as a crypto enthusiast, you’ll love this!
Ethlas has a game of playable NFT avatars (Komo’s) and plans for its public sale drop this March 2. The game, inspired by other train-and-battle universes, will offer cute avatars but also a serious prize pool.
Ethlas has also emerged as one of the well-financed projects with the potential to meet the demand for high-level P2E experiences.
The game is set on incentivizing the holding of collections, for future benefits within the game. Komos, the playable avatars, will offer a Genesis selection as well as regular mints.
Komo characters vary in their innate abilities and mix of strengths and weaknesses and can be trained or upgraded.
The innovation behind staking on Ethlas
The most interesting feature of the staking event is their innovative staking token — SGEMs (Staked GEMs).
Each SGEM is actually configured as an ERC 721 token that has the features of both a staking contract on the backend, but also a NFT on the front. In fact, it’s 3 things in 1!
When you stake with Ethlas, you receive a unique SGEM ERC 721 token:
- It’s like a Treasury Bond — Since holding SGEMs gives you an APY, it is effectively dropping you daily coupons of gems.
- It’s like a TSLA stock — Since all interests are dropped as XGEMs, you get upside exposure of a newly minted token backed by a growing Ethlas ecosystem.
- It’s like a Crypto Punk — SGEMs will be minted as an exclusive Ethlas NFT with varying rarity tiers, so each SGEM becomes a NFT collectible that could appreciate in value with time.
But wait, here’s the kicker! Upon vesting, you can choose to claim your original LP token and all GEM rewards attached.
However, should you decide to claim, the NFT will be destroyed and you will lose all value attached to the artwork.
Alternatively, you can hold the NFT like a piece of Crypto Punk art, or sell it on OpenSea, together with the staking contract.
This brings staking and NFTs to a whole new level as SGEMs are charged with yield bearing properties and cements a high floor price while trading on OpenSea.
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