Realis Network
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Realis Network

DeFi elements in Realis Network

DeFi elements in Realis Network

Greetings, our dear community members! We have already highlighted pretty much of our project’s features, that are dedicated to match the demands of current constantly changing era of blockchain gaming developments, so today we are going to speak about one more of them which represents the core of our team’s philosophy — DeFi elements that are we going to use in our games. To open-up our today’s speech on that, we would like to point out one more time that our ideology is to make the products that are going to be community-governed and driven, so the use of different DeFi mechanisms is pretty logical and an obvious decision. So let us jump in this mysterious world together and let’s learn how those elements will impact the games of Realis and many more.

What is De-Fi actually

Keeping in mind that some part of our community is not fond of crypto that much, it is necessary to give a brief speech on what DeFi actually is. To put it simply, DeFi (which goes for decentralized finance) uses various technologies developed in the field of blockchain. They all find application outside decentralized finance, but play an important role in the DeFi ecosystem. First of all, DeFi projects are blockchains, distributed registries for recording transactions. Currently, most DeFi services work on the Ethereum network due to its capabilities and popularity among developers. However, DeFi activity is also growing in other blockchains (Substrate, for example, which Realis uses). Next are digital assets, that is, DeFi tokens of value that can be sold or transferred to the blockchain network. The last important component is wallets: software-user interfaces for managing assets stored in the blockchain. With the help of a non-custodial wallet, the user fully controls his funds through private keys. In the case of casual wallets, private keys are managed by the service provider.

As you can see, DeFi currently represents a serious alternative to centralized financial instruments, but you might ask: how can all these features be implied into a game? The next

part of our article will tell you about it.

The use of DeFi in Realis games

The main use case for those elements in our games is decentralized distributions of in-game all in-game transactions in order to create a stable independent economic model, which will be, as it was stated in the introduction part, community-governed and driven. Thus, for example, Realis will allocate a certain portion of tokens for staking rewards. This will motivate users to block their tokens in the early stages of the game, when only we introduce the necessary features and modes, as gameplay develops and money turnover among users in the ecosystem increases — and DeFi elements will be responsible for the distribution of those tokens on in-game basis, so our community can be sure that everything is fair and the team can not affect this distribution in any possible way. The circulation of those tokens will also be governed by DeFi instruments, so that in-game economy for all of our projects will be stable and prevent our ecosystem token $LIS from unwanted speculations and possible dumps. This model that we are building will allow our games to fully utilize our unique mix of free-to-play and play-to-earn model, thus providing a unique gaming experience: first blockchain games where you can really earn profits, and the DeFi elements are the inevitable part of it.

That was all we wanted to tell you today about our projects. There will be more information regarding Realis soon enough, so subscribe to our social networks not to miss anything!

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Realis is the world’s first platform for launching mobile games using blockchain technologies for a mass audience