Cross-chain gaming platform DeFi Kingdoms has announced that it’s time for Serendale on Harmony to retire and launch on Klaytn. Klaytn is an open-source Tier 1 public blockchain built for the future Metaverse.
The platform is built to provide enterprise-grade performance and scalability, which is crucial to delivering a smooth Web3 experience across different touchpoints. Currently, there are many GameFi projects on Klaytn, including Cross Worlds.
What changes can users expect from the move from Serendale to Klaytn?
The move from Serendale to Klaytn will come with minor visual updates and other changes to the tokenomics of DeFi’s realms.
Here are the highlights of the proposed changes that will accompany the move:
Removal of Serendale from Harmony
- DeFi Realms will deactivate all evolving smart contracts on a progressive schedule.
- Based on Harmony’s current schedule, locked JEWEL will be unlocked again.
- The gaming platform will provide fully functional gateways to transfer assets to the DFK channel prior to retirement.
- DeFi realms will take a snapshot of all DFK chain native tokens that do not allow assets to be transferred through the bridge.
Serendale 2.0 launches on Klaytn
- The gaming platform will make some minor visual updates to the look and feel of the game realm.
- Users will have access to a new native DEX where they can hit new utility tokens. The native DEX has not yet launched and the platform will reveal the name of the new utility token in due course.
- The gene sets and new classes will be synced with the Klaytn theme.
- In-game gateway services will support gateways between Klaytn and DFK Chain.
JEWEL Token Utility and Changes
- JEWEL will become the fee sharing and governance token for all chains.
- The platform will reduce the JEWEL supply cap to 125mm, and there will be no ability to mint more tokens.
- The in-game benefits of owning a specific number of xJEWELs are subject to a time lock.
New Klaytn Power Token (KPT)
- The name of the new token has not yet been revealed. It will be the twin token of CRYSTAL. Players will use it for all game features associated with Serendale 2.0.
- KPT’s first 20mm liquid will be distributed to locked JEWEL holders with a one-year linear unlocking schedule.
Crystal Update
- CRYSTAL will remain the game utility token for Crystalvale.
- The gaming platform will phase out the xCRYSTAL, and the donated JEWEL will become the only token to bet on the JEWELER.
DeFi Kingdom will hold a voting event on August 30 to deliberate and vote on this proposal. Community members can vote with xJEWEL from Crystalvale and Serendale and xJEWEL from Gardens and Heroes. A majority vote is required for the proposal to pass.
