√ Cyclops Finance Island Of Sicily Combines the concept of DeFi yield farming and NFT ~ Crypto Magazi!ne

Cyclops Finance

Hello everybody, I hope you and your family are doing well just be safe , stay home and practice social distance.

What is a great news for you! Well crypto lovers I will share one of the good projects in the crypto industry for you, What is that ? Lets check it out.

Abstarct :

The world of cryptocurrencies is expanding at an unabating rate. What started with a mere blockchain technology known as Bitcoin in 2008, has evolved into a whole industry of its own. Many newer cryptocurrencies make their way into the crypto-markets with each passing day, and newer blockchain technologies have emerged on to the realm of crypto scenes in order to support the acceptance and use of cryptocurrencies at a wider scale. One of that is Defi ( Decentralized Finance )

What is DeFi ?

For the past few months, one domain that is of Decentralized Finance (DeFi) is very hot in the cryptocurrency space, and all eyes are focused towards the development of a DeFi product that can decentralize the digital economic system is its true sense. Decentralized Finance, in its simple sense, is basically the merger of traditional banking services with decentralized technologies such as cryptocurrencies and Decentralized Applications (dApps). In more technical sense, it refers to the amalgamation of all the decentralized products and services like digital assets, smart contracts, protocols, and applications.

Advantages of DeFi

DeFi has been the talk of town for the amazing advantages it can add to the current economic system. More decentralization will mean a user will enjoy greater autonomy. The accessibility of funds and trade ability between users will not be dependent on any third party.

• Everything is online and digital

• Borderless

• Everyone is accepted

• Open-source code

• Decentraled

What's make make Cyclops Finance different ? Check this out.

Introduction :

Cyclops Finance is developing a unique farming project that will be based as an adventure game.

What is that ?

Cyclops Finance

• Cyclops game (AKA Cyclops Finance) is a hybrid yield farming/NFT project that evolved from the typical yield farming projects. It is an NFT farming project that is developed into a gaming/puzzle dapp. It also a gaming platform that allow conventional games to easily integrate with the blockchain and monetize their game assets.

• Cyclops treasure game is a gaming platform that is built on the Ethereum blockchain. It combines the concept of DeFi yield farming and NFT into fun games and puzzles. The games are developed such that each level is a treasure hunt adventure with actual treasures at the end of it. These treasures are the long-lost treasures of the cyclops brothers and can be claimed by players who succeed in completing such a level.

Cyclops Finance-A DeFI project that evolved out of the typical DeFI yield farming project but with a different direction. It adopts the greek mythology on Cyclopes, Because it is cool and makes our dapp unique and a must-use. We are developing a one of a king farming project that is setructured into an adventure ( game). Users of our dapps will be able to complete different tasks and in turn get rewarded for doing so.

How does it work?

Completion of tasks are categorized based on the preference of a user. That is a user can choose to play it in ordinary mode or in express.

When user completes a level, he/she gets rewarded and his /her stake unlocked. If such a user fails,he/she gets penalized or fined, not in tokens or any other form of payments but by an increase in lockup time. Such a user can pay a bailout fee that brings them back to their current level, else they get kicked back to a previous level.

All level has its ow requirement and its unique structure for example a level might require a certain a minimum token stake for a certain minimum time for such a level to be unlocked.

The native token of Cyclops game is CYTR, its value proposition are as follows:

•Game assets can only be purchased using CYTR and ETH. Purchases using CYTR are discounted. When ETH is used, 50% of the ETH is converted to CYTR

•When players skip levels, use special game characters, or unlock special characters, they can do so by paying a fee in CYTR. It should be noted that options are available that do not require making a payment.

•Gamers are required to hold certain amount of CYTR to unlock higher levels.

•When a custom character or asset is approved to be created, owner of the character make payment for the character/asset to be integrated into the game and the payment is made in CYTR.

•Holders of CYTR will be able to vote on the integration of assets and will be able to vote on developmental goals of the platform.

•Treasure ruins at each level are valued in CYTR which are locked up in each level.

•So many other use-cases. But from what has been stated here, the whole operation of the platform is dependent on the assets and CYTR.

What's the Feautures of Cyclops Platform ?

• The platform is a decentralized platform, as such, anyone can purchase and own game assets, these assets include NFT game characters, NFT game weapons, NFT pets/creatures, NFT passages/gatekeeper/locks and much more.

• As all these assets are integral in the way the games operate, all are used at some point to complete steps while playing any level, asset owners get rewards when their assets are used.

• Owners of assets can sell or barter such asset, and anyone can create their own custom game dependent asset which is subject to approval.

To touch briefly on the value of CYTR, here are some:

• Rewards are distributed to Holders/stakers of CYTR.

• Game assets (NFTs) can only be purchased using CYTR.

• Holders of CYTR will be able to vote on the integration of assets/games and will be able to vote on developmental goals of the platform.

• Treasure ruins at each level are valued in CYTR which are locked up in each level.

On The TOP that The simple definition about CYCLOPS FINANCE and What's make Cyclops Finance different ?

✓ CYCLOPS FINANCE IS NOT A GAMBLING DAPP, IT IS FARMING PROJECT THAT IS FASHIONED INTO AN ADVENTURE.

✓ CYCLOPS FINANCE MODEL IS DIFFERENT FROM OTHER YEILD PROJECTS, WE ARE CREATING REAL UTULITY FOR A VERY SCARCE TOKEN AND ALL ASSETS ARE PEGGED TO A CYTR PRICE CURVE.

Cyclops Finance ROADMAP :

Cyclops Finance