What is a jewelry token in DEFI kingdoms?

The JEWEL token is the main token of value in DeFi Kingdoms. JEWEL tokens can be used to purchase NFTs such as Heroes and Kingdoms in the game, as well as items that will be later used in the eventual combat game. JEWEL is also used in DeFi Kingdoms liquidity pools, allowing you to earn more JEWEL through staking or as a liquidity provider.

How do you use jewel in DEFI kingdoms?

However, users are able to interact with it using game-like mechanics such as summoning heroes alongside with item, land, and building ownerships to boost yields. JEWEL is the token that powers DeFi Kingdoms which can be used to purchase NFTs such as items, heroes, and kingdoms.

Why is Jewel a deflationary token?

With token burns from in-game activities and use of gas on DFK Chain, the total supply will continue to be reduced, making JEWEL a deflationary token. The circulating supply of JEWEL is further reduced by players who voluntarily lock JEWEL in exchange for governance tokens following Curve 's veToken model. Who Are the Developers of DeFi Kingdoms?

What is jewel token & how does it work?

JEWEL is the token that powers DeFi Kingdoms which can be used to purchase NFTs such as items, heroes, and kingdoms. Holders can also stake them into liquidity mining pool to earn a yield from the protocol. Finally, JEWEL can be used to vote into governance proposal for the future and growth of the project.