Overview
DeNations (Decentralized Nations) is a web3-powered metaverse driven by the Internet of Things and the latest technology, where you can manage and build civilizations, cities, and nations. It is an AR (Augmented Reality) metaverse, a virtual world that interacts with the real world. In this metaverse, you build and own the cities, states, and civilizations in it. This world is susceptible to changes following the real world and the in-game occurrences of DeNations. The nations, cities, and civilizations you own or built are issued as NFT cards due to their tokenization, showing their authenticity. As there are only so many of these structures in the actual world, so will the quantity of NFT cards.
DeNation DeFi metaverse incorporates the use of DENA (Decentralized Nations Tokens), which are cryptotokens based on the ERC-20 Ethereum standard. It is the official currency of the Decentralized Nations Platform, allowing users to engage in governance and with one another. With these cryptotokens, you can participate in the voting process, purchase items, and participate in challenges.
Play to earn
The game is set in the DeNation metaverse, where you don’t just play for fun but also to earn. The more you participate in the games, the more you can earn. You can play the game by taking up various challenges within it. You can also operate your city and country in the Decentralized Nations with DeFi, and as your performance improves, so do your DENA cryptotoken and other cryptotoken increases. Furthermore, your profits increase as your countries and cities prosper within the DeNations metaverse. You can also build new cities into the nations and civilizations as NFT cards which you can sell anytime within the game. The more cities and civilizations incorporated into nations you build, the more powerful it becomes to build more NFT cards.
Staking
DeNation provides several ways for staking and mining your cryptotoken. You can stake national NFT cards and enter the DeNations platform. You can supply the DENA token liquidity to popular decentralized exchange platforms and stake the liquidity provider’s token they received to earn more DENA tokens. You can also earn a part of the trading charge as an incentive. The entire quantity of the liquidity provider token you deposited determines the amount of DENA users will be mining. The amount of the matching liquidity pair’s DENA reward pool.
Security
To keep your tokens safe in your portfolio, you need a wallet. The chosen wallet should support the ERC-20 Ethereum network, on which the token is based. Some of the available wallet types are hot, cold wallets, software wallets, and online wallets. Hot wallets are the least secure of all of these because their level of security is lower than the others. As a result, phishing scams and other attacks can easily target it. Hot wallets are primarily offered by exchange platforms and are used for short-term coin storage before withdrawals to other wallets.
