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  • Nakamoto Games NAKA
  • ( -4.44 % )
  • Rank #560
  • Coins

₹86.04

₹86.04

Contracts : Polygon : 0x311...6c0d737   

  • Rank #560
  • Coins

Market Cap

₹5.43 B -8.2234%

Circulating Supply

64984300

Max Supply

180000000

Volume

₹4.92 B

All Time High :

₹502.54

All Time Low :

₹4.12

Price change in 24H :

₹-7.484068

24H High :

₹91.18

24H Low :

₹82.62

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What is Nakamoto Games (NAKA)?

Nakamoto Games is a decentralized blockchain platform that hosts a variety of games accessible to users globally, aiming to establish a play-to-earn gaming ecosystem. The platform's primary goal is to offer users an avenue for generating a modest and sustainable income while engaging in blockchain-based games.

Addressing challenges in the current play-to-earn system, Nakamoto Games targets issues such as limited options in blockchain games, fragmentation across different blockchains, and insufficient developer support. The platform introduces a play-to-earn algorithm designed to provide users with internet access and the opportunity for passive income. Additionally, Nakamoto envisions creating an ecosystem where developers receive tools to upload games for a broad user base.

Nakamoto strives to democratize access to a diverse range of blockchain games for users with cryptocurrency wallets. Players on the platform compete for weekly prize pools and other rewards, fostering engagement and competition. Developers, in turn, can monetize their games and earn incentives.

Operated on the Polygon network, Nakamoto's native token is NAKA. The NAKA token serves multiple purposes, acting as a means for players to access various games, participate in a reward system, and engage in platform governance. The platform incorporates a burning mechanism, where a portion of tokens is sent to a wallet with no private key, leading to their permanent removal from circulation. Token burning is a strategy to reduce token availability and potentially increase market value.

Who are the founders of Nakamoto Games?

Established in December 2020, Nakamoto Games is a blockchain platform with its whitepaper released in the second quarter of 2021. The project is led by key team members, including Chawalit Rugsasri who serves as the CEO, Phiriyaphong Phumphoang in the role of COO, and Rumchawun Keeratipitayaporn as the CMO. According to the details outlined in the whitepaper, the maximum total supply of NAKA coins is capped at 180,000,000. Nakamoto Games aims to provide a play-to-earn gaming ecosystem, addressing challenges in the existing gaming industry and offering users the opportunity to earn income while engaging with a variety of blockchain games hosted on the platform.

What are the use cases of Nakamoto Games?

Nakamoto Games stands as a novel play-to-earn gaming platform operating on the Polygon network, providing users with the opportunity to engage in diverse games within its ecosystem while simultaneously earning income. The platform aims to introduce a range of in-house play-to-earn (P2E) games, enriching the gaming experience for its users. In addition to offering a variety of games, Nakamoto Games is actively working on the development of its metaverse. This metaverse is envisioned as a space where developers can deploy their P2E games directly within the Nakamoto Games platform.

Nakamoto Games emphasizes user-friendliness, streamlining the gaming experience. Players simply need to connect their Web3 wallet to the platform, acquire NAKA tokens, and commence their gaming journey. The platform's metaverse and ecosystem are designed to enable developers to create and launch their play-to-earn games, fostering a dynamic and collaborative gaming environment. Players stand to earn rewards through various avenues depending on the specific games they choose to engage with, further enhancing the attractiveness of the Nakamoto Games platform as a play-to-earn gaming destination on the Polygon network.

What Makes Nakamoto Games Unique?

Nakamoto Games places a distinct emphasis on skill and strategy within its gaming ecosystem, presenting a collection of hyper-casual and user-friendly games where player proficiency takes precedence over chance. By prioritizing skill-based gameplay, Nakamoto Games sets itself apart, providing an environment where strategic decision-making becomes the key to success.

Positioned as the equivalent of major app distribution platforms like Google Play or the App Store in the realm of Web3 games, Nakamoto Games extends a warm welcome to both players and developers. For developers, the platform offers a Software Development Kit (SDK) to ensure a consistent and standardized gaming experience across its offerings.

At the heart of the Nakamoto Games platform is the NAKA token, a vital component that serves various functions within the ecosystem. Players utilize NAKA tokens for in-game purchases, enhancing their gaming experience through acquisitions within the virtual environment. Additionally, NAKA tokens are distributed as rewards to players, contributing to the overall play-to-earn dynamic of the platform. This integration of the NAKA token not only facilitates transactions but also adds a layer of economic incentive, fostering engagement and participation within the Nakamoto Games community.

What is the working mechanism of the Nakamoto Games?

Nakamoto Games (NAKA) operates on the Polygon blockchain, and its native token plays a central role in the platform's ecosystem. The NAKA tokens are consolidated into a weekly prize pool, fostering a dynamic play-to-earn environment. To enhance engagement and excitement, Nakamoto Games implements a token-burning mechanism, permanently removing a portion of the tokens from circulation. The remaining tokens are then utilized to reward gamers who achieve top scores on the game leaderboards.

Token holders of NAKA actively participate in the governance of Nakamoto's decentralized autonomous organization (DAO). This involves voting on crucial matters such as the token-burning strategy and the structure of the weekly prize pool, allowing the community to have a direct impact on the platform's development and sustainability.

Furthermore, Nakamoto Games recognizes and rewards the contributions of developers through NAKA tokens. The platform initiates bounty programs to encourage research and development efforts, providing developers with opportunities to earn NAKA tokens for their contributions. Developers, in turn, have the avenue to showcase their games on the Nakamoto Games marketplace, fostering a vibrant ecosystem where innovative gaming experiences can thrive. This multi-faceted approach involving token dynamics, governance, and developer incentives contributes to the holistic and sustainable growth of Nakamoto Games.

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