The world is covered with uncertainty about what the next cryptocurrency step is going to be. While a sudden crypto collapse is justified by several contributing factors, like the recent China ban and the cease of Tesla accepting Bitcoin for its cars as announced by Elon Musk on Monday, the question of whether Bitcoin will ever recover is on everyone’s minds.
However, this is too early to be plunged into a pessimistic mood – despite negative prognosis and speculation of a bubble, the current events may simply be labelled as “correction” in a crypto market. Being an inherently volatile asset, 47 cases were recorded in the past when Bitcoin experienced a 20%-loss or more.
This unexpected move prompts investors to search for stability. One alternative for the crypto market has always been provided by DeFi – a marketplace for altcoins that, unlike Bitcoin, have a real project backing up its growth – and therefore, a possibility of future investment returns.
DeFi market has been abundant with striking novelties, like NFT cards and extremely popularized liquidity pools, and the number of them doesn’t seem to stop growing. Luckily for investors, EmiSwap has incorporated them into one platform. Being the world’s first truly autonomous DAO, it’s a community–driven market maker exchange whose core proposition centres around bringing an actual yield return with NFT Magic Cards.
EmiSwap Review – A Decentralized Exchange With NFT Magic Card Rewards >
The forerunner among similar platforms, EmiSwap can boast of their advanced gaming mechanics and cheering investors with a multiplied return on their investment. With the help of special bonuses and attractive offerings, NFT Magic Cards are capable of augmenting the yield return on ESW tokens by 2 or even 3 times. What’s even more, the platform allows its users to acquire a unique range of cards: from exceptional value mythic to battle, that can later be used to participate in community events or tournaments, as well as simply be exchanged on the internal marketplace.
Seeing the true revolution of tokenization in gamification stirred by EmiSwap, I’m rushed to pose questions to its founder, Grigory Rybalchenko. We discussed the perspective for the crypto market in the long–term future, the aspects of the gamification experience enhanced by the blockchain technology, as well as looking into how EmiSwap can improve the conditions of the world that experiences heavy financial losses.
To begin with, how would you describe the recent behaviour of the cryptocurrency market? Does it undermine the authority of 2021 being the year of crypto? What is your view on the prospects in this niche?
In 2021, people in crypto got used to excess profits and got very upset when the BTC price dropped. But, if I purchased Ethereum 1 month ago, I would have a 120% ROI by now. If I did that 3 months ago when Ether’s price was $700 – the ROI would be over 300%. So the recent behaviour of the market doesn’t undermine the authority of 2021 being the year of crypto as you said.
In traditional markets, having a 10% APY is good. Everything that exceeds this threshold is considered to be a top investment. And if we look closer at this year in crypto, we realize that the market practically grew 10 times.
The rumour goes that the online lifestyle has increased speculation in digital currencies, especially Bitcoin. In general, how has COVID-19 been so far reflected on the crypto market – and is it a good or a bad thing?
For crypto, this was the first big move to establishing a truly decentralized society. In centralized institutions, most people had to start working remotely and many people loved this lifestyle as it practically gives more freedom. A more decentralized way of life leads to the adoption of more decentralized instruments.
A similar transition to decentralization would have taken place anyway, by itself. The pandemic has only accelerated this process.
How would you describe the difference between DeFi and cryptocurrency markets? Which of the two creates a more advantageous environment for long-term investment, in your opinion?
In DeFi, every token has some utility user cases whereas, in traditional crypto, only some tokens are a utility with many so-called shitcoins that have no practical use cases. In the short term, crypto tokens are more volatile as they are subject to speculation whereas DeFi tokens are usually better as a long-term investment.
Speaking about the recent China ban on institutional cryptocurrency activity – what motivated this move, and how would this be reflected on the DeFI market?
This is big politics and a big game. It’s not the first time crypto is banned in China. In the past, many countries banned Bitcoin, the price dropped and then they changed their mind like it was in India. Though, people get frightened and sell their assets expecting a price drop and cause the drop unknowingly.
Furthermore, nowadays people mainly trade with bots that analyse signals, including news. So this is somehow like a snowball. It has some impact on the whole market, including DeFi, though I believe the impact is exaggerated.
Gamification on blockchain became the big trend that constantly drives new users in. What is so alluring about this activity, as contrasted with ordinary gaming experience?
First and foremost, gamification is a big trend in any sphere, not only on the blockchain. It makes the onboarding process easier and more engaging, thus many companies both in the traditional and crypto sector use this approach. In crypto, where the barrier to entry is quite high due to technical complexity, gamification makes it easier to adapt and learn.
At the same time, the blockchain-based gaming experience is associated among gamers with more reward-based activities. Compared to traditional games, where users get loyalty points and can spend them only to purchase some in-game assets, in crypto you can withdraw the tokens you get to exchange them for some other tokens or coins.
What are the pitfalls of gaming that blockchain covers up, and what is the future of this industry?
I believe that one of the most promising use cases is the cross-platform transaction of in-game assets as well as account details storing and transfer. For example, you achieve some big level in an online game and when you start using a similar game you have to start from the very beginning. It can be different with blockchain.
The idea of EmiSwap seems quite unprecedented – NFT cards now bring an advanced return on gamer’s investment. Could you describe to us the algorithm powering it?
It’s not only about the gamer’s experience. We have farmable NFTs that can be either withdrawn and sold on some marketplace or opened – giving the holder some utility bonuses including bonus tokens, liquidity reward boosters, battle cards, farm-speeding powers, and so on.
Battle cards that users can receive help them build a deck and join Card Wars – tournaments that are similar to Magic: The Gathering or Hearthstone, the famous card games. Winners get extremely valuable prizes, they can win other cards and sell some of them on marketplaces – as simple as that.
What are the features of EmiSwap that make it unlike any other? What other properties can the EmiSwap ecosystem boast of?
EmiSwap has the most appealing rewards of any DEX. We provide excellent user service and support. Our workforce and scale grow in tandem with the growth of our community. When it comes to individual customers experiencing difficulties or encountering IT issues, most DEXs with bigger liquidity pools provide bad assistance. We have dedicated community heroes to engage people, as well as a separate IT staff to deal with problems as they arise. This relates to the user experience.
EmiSwap is also entertaining to use, has a sleek design, is adaptable to problems, and can save you a lot of money on Ethereum gas fees. There is no other DEX that refunds swapping and pooling gas expenses with their native utility token and gives individuals daily bonuses based on the exchange’s overall trading volume. This is why EmiSwap is unique, well thought, beneficial, and lucrative. You get the ether you spent on the exchanging or pooling refunded back in ESW, which returns you additional ESW and that’s a win for our users.
Could you please talk about the type of cards your platform offers and the benefits associated with it? Which are the ones users should pay special attention to?
EmiSwap Magic Cards are incredible because they are also functional. Magic Cards, when combined with EmiSwap AMM DEX, let you earn more cryptocurrency by pooling liquidity, farming new cards, and winning free ESW tokens. They’re all valuable, some more than others, but they’re all magic and have some superpowers.
For instance, there are special cards. Special powers let you perform EmiSwap activities quicker. A collectible may cut the time it takes to win a card by 10% or you may win a 10% bonus from our liquidity pools if you invest in a weekly liquidity flash game for example.
What is your plan for the distribution of EmiSwap tokens? How could it help to improve the financial balance of people who suffered most heavily during the pandemic and recent crypto crash?
We built EmiSwap on the principle of improving decentralized decision power. The goal was always to stand by value-centric DAO communities to aid and assist people who do not have access to decision-making power, be it because of physical or social constraints.
Eventually, we wish to provide people with the information and resources they need to become financially independent and reach their full potential. We just want to make the world a better place, this is all we care about.
ESW tokenomics are very rewarding, but at the same time, balanced and are designed to give EmiSwap a steady way up and through, so we can break into the mainstream, and start to actually help people and give them the best all-in-one DeFi platform.