Elfarm - NFT Crypto Game on Elrond Network

Bianca D. Bianca D.
12 Apr 2022
4 min read
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Elfarm - NFT Crypto Game on Elrond Network


Elfarm is a crypto project that aims to launch its own game on the Elrond Network, a project that introduces its own token, but also a collection of NFTs that will offer a great utility in this game.


Using the advantages that the Elrond Network offers, Elfarm has introduced in the first phase a collection of NFTs that represent characters from the future game of the project, and these will have certain advantages for those who own them. It should be noted that the game Elfarm focuses on the idea of a farming simulator, and players will be able to collect 3 resources in this universe: wood, hay and stone. Of course, the game is for everyone, and you don't have to have an NFT Elf to play the game, but NFT characters will have much better farming stats than NON-NFT characters.


Elfarm collection has 6000 NFTs, and these can be mined on Isengard Market, an NFT marketplace operating on the Elrond Network. The price for creating an NFT is 0.7 EGLD, and the price increases when the collection exceeds the thresholds of 20%, 40% or 60%, reaching the price of 1 EGLD per NFT.


Elfarm NFTs have 0% royalty, meaning those who will mint will own 100% of them, and they will also receive 1000 Tradable $ELFARM tokens after the end of the presale period when a snapshot is announced by the team will be taken.


The presale of the $ELFARM token starts in Q2 and the official launch is scheduled for Q3 on the Maiar Exchange, and it will have a maximum supply of 500 million coins. The campaign will take place in the coming weeks and will be divided into 4 stages, with the price of the token increasing with each round of presale.

For example, in the first round, the $ELFARM token will be priced at 0.0001 EGLD, and those who will buy the coin at this stage will initially have access to only 10% of the investment, the project introduces a vesting system to eliminate the risk of dump once with the official launch when the price will be higher.


To give even more confidence in this project, the developers announced that the tokens allocated to the team will also have a vesting period of 12 months, with initial access to only 5% of the coins in their wallets. Team members are featured on https://elfarm.io along with their social media channels.


On the official website, you can find more details about the Giveaways organized by the Elfarm project and through which the NFT holders will be able to win prizes when they reach the thresholds of NFTs sold. Here those who own these NFTs will be able to win $eGLD or NFTs, and the value of the prizes will increase with each new threshold reached, reaching up to the grand prize consisting of a TESLA car or its value in the $eGLD, when the entire collection of NFTs will be sold.


The Elfarm token will be the key element in this because the currency offers a great utility both inside and outside the game. According to the Whitepaper, 25% of the supply of $ELFARM coins will be allocated to a PLAY and EARN fund, and each week 1% of this fund will be distributed to all players who have obtained XP during that period.


The Elfarm project introduces a staking zone in the second half of 2022, and users will be able to earn rewards if they choose to deposit the coins obtained on this platform. Of the total supply, the project will allocate 25% for this process. Elfarm is also going to implement the “Earn” form by farming in-game resources that can be traded on an in-house marketplace, where P2P resources <-> tokens will be traded.


According to the roadmap, the launch of the game is scheduled for 2023-2024, but until then the team is working to develop this platform and example for the near future would be the integration of Maiar Wallet where you can authorize the transaction directly on the site and see the Elves and how much $LKMEX they receive per month. The Elfarm team wants to introduce a lounge area for players in an initial form of minigames that will be followed by a chat & social area.



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Bianca D.
Bianca D.
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About the Author

Financial Crime Investigator & AML Specialist. Crypto Educator NFT Marketing & Crypto Promoter DeFi & Web 3.0 Content Writer

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