DegenParty is the first GameFi project of DegenX. Again, it is at some level, inspired from the game RaidParty, but it’s not a fork, but a perfected version.
Degen BigShot is a MUST in the game. Only those who hold at least 1 Degen BigShot can enter the DegenParty. Most importantly, Degen BigShot is the necessary fundamental of the DegenX ecosystem. It can decide the team size and damage multiplier in the game (Directly related to the P2E profit) and has basic DPS. Users can increase the game rewards via DegenParty Gangsters. DegenParty Gangster is DegenParty’s native NFT, and it can decide the direct DPS in-game (which is directly related to the P2E profit).
As the game develops, we will:
Launch Whale Room, DegenParty Block, DegenParty Mercenary, etc, to upgrade the mechanism and enrich the gameplays for the stability and health of the game.
Associate with DegenFi and DegenDAO in the DegenX ecosystem to ensure sufficient liquidity and more possibilities.
veDGEN is the staking certificate of DegenParty, which enjoys rights and interests such as game bonuses, protocol dividends, and community governance. Game Bonus: Less possibility to fail in Enhancement with veDGEN. Protocol Dividend: Hold veDGEN to enjoy 30% of DegenParty game protocol revenue ($DGEN) and 50% of royalty fees for DegenParty NFTs traded on OpenSea ($ETH). Community Governance: Degen DAO Ticket.
The DAO treasury accumulates more and more funds under the continuous operation of the project, and Degens can decide how to use the funds through DeFi Vault or DAO governance. 100% of the income generated will be distributed to all veDGEN holders according to the holding weight. Degen Vault: The team will develop Vault to explore more benefits at the DeFi level, including but not limited to: Yield Farm, Smart Money tracking investment, etc. Degen Invest: The community proposes and votes for projects that are the most recognized or the most desirable for investment and ways of earning, including but not limited to: Gem Spot, Yield Farm, Perpetual, etc.
As the previous article stated, DegenParty will get beyond RaidParty.
Mission I: Sufficient liquidity for $DGEN, with a professional DeFi mechanism to empower $DGEN.
Plan:
Associated with DegenFi: Ensure sufficient liquidity via veDGEN and empowerment.
Associated with DegenDAO: Hold veDGEN to earn from DegenVault/Invest.
Mission II: Lower the game barrier to increase the user volume.
Plan:
Degen BigShot can be earned via Initial Sale and Summon. You only need ETH for it, and there’s no need to consume your Gangsters. (We are not Hannibal, right?)
Referral System - All players will share 5% of the Summon costs with their referrer. But the $DGEN you get from the referral cannot be used in the secondary market, but can only be used to Summon or Enhance Degen BigShots and DegenParty Gangsters you owned.
Mission III: Transparency of Treasury Plan: Expenses of all addresses will be announced to the community - we want close communication with the players.
Mission IV: Listen to the community, respond fast, and act immediately. Plan: That’s to build our basis.
Mission V: Farsighted, GameFi + DeFi + PFP + … Plan: This is the core advantage of DegenX
Overall, DegenX is whatever degens want!
The overall ecosystem of DegenX will be divided into 3 stages: Warm-up, Party, and Carnival. Wanna know more about DegenX? Please stay tuned for the full version of our whitepaper.
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