GameFi Collection aims at revolutionizing community gaming via blockchain technology & NFTs

Stan Peterson
Updated
Expertise : Web3 Projects, ICOs, DeFi, and NFTs.
A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]
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GameFi collection, a decentralized gaming platform governed by the community and attracts people worldwide to play games and earn, providing people with different types of games they want to play on the site. 

The players can earn GFC and valuable NFT rewards by playing the game and with GFC, they can get to decide what games are available on the platform as well as the future path of the game and finally have some form of ownership of the decentralized gaming platform. Most importantly, the players will be able to hold tokens to share the benefits of the game platform.

Its governance token GFC, inspired by GRV, gives a guarantee that the token price will continue to rise until a specified maximum price is achieved according to the rebase mechanics.  The price is set to increase at the rate of 10% every 24 hours to contract its circulation when the current trading price is below the peg price. The ceiling price of GFC is set at 1,000,000 USD per token.

In the future, the GameFi team anticipates that they’ll accept other game manufacturers to launch their games on the platform by paying GFC. 

GFC token can also be used for holders to participate in certain games that require holding a certain amount of GFC. On top of that, GFC holders will receive expensive dividends in the future.

The transactions have some taxation pegged on them as follows;9% transaction tax is applied to each transaction (buy or sell), 3% added to liquidity provision to create a solid price floor and secure a portion of the volume for holders.3% to strategically buy back tokens and annihilate them. and 3% to marketing budget to support the growth of the GameFi Collection community.

The GFC tokens, with a total supply of 1,000,000,000,000,000, has been assorted differently among the various shareholders of the platform in the following manner with advisors having the least share and the Play-to-earn members having the greatest:

  • Advisors – 3% (30,000,000,000,000)
  • Team – 7% (70,000,000,000,000)
  • Airdrop/Marketing – 7% (70,000,000,000,000)
  • Dividends paid to DAO – 8% (80,000,000,000,000)
  • Initial liquidity – 10% (100,000,000,000,000)
  •  IDO/presale – 15% (150,000,000,000,000)
  • Play-to-earn – 50% (500,000,000,000,000)

GameFi collection is a revolutionary platform that decentralizes the gaming platforms and is set to be one of the best. Its current partners include VT Game, Metamask, Binance Smart Chain, Coinspider Net, Pancake Swap, CoinGape, CoinAlpha, Crypto Bulls, Crypto Monsters, and Crypto Hidden Gems.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]