Press launch
PRESS RELEASE. INTERNET CITY, DUBAI, Feb 7, 2023 – LBank Exchange, a global digital asset buying and trading platform, will release records Fief Protocol (FIEF). Feb 8, 2023. For All LBank Exchange Customers, the FIEF/USDT buying/selling pair will likely be available for purchase and sale at 6:00 UTC. February 8, 2023.
Fief Protocol is a decentralized software layer built over Fiefverse, an open world voxel RPG. Its native token FIEF will be available for trading on LBank Exchange At 6:00 UTC February 8, 2023 to further expand its reach and help to achieve its goals.
Introducing The Feud Protocol
Fief protocol consists of a set of decentralized applications (dapps), which are specifically designed for NFT gaming or the metaverse.
The dapps of Fief Protocol offers users the ability to seamlessly exchange or earn rewards using in-game assets that are not yet in their wallets. Theses dapps are used to reward gamers with Fief’s tokens to encourage them to take on external tasks or create a personal metaverse using Fief as their main trading platform.
Unique to Fief Protocol is Influence Points (IP), a non-transferable off-chain currency. It is modeled on in-game currencies found in popular web2 game titles. With IP, Fief Protocol can include an additional activation or reward mechanism in its apps. This helps the platform attract customers and liquidity, while maintaining sustainable alignment with its Fief economy.
Fief Protocol is the main game title of Fiefverse, an open world voxel RPG that allows gamers to take control of a unique Avatar. Players can explore, fight, create and much more. The Fiefverse acts as an inexhaustible and growing sink for IP, further supporting its utility within the dapp layer.
The team is currently working on a series of mini-games starting with a Wave Defense game in Q1 2023. These mini-games, which are entirely free to play, reward players with IP and other in-game items.
About The FIEF token
The official utility token for the Fief Protocol is FIEF. It can be staked to unlock voting rights, earn gaming and DeFi rewards.
The main use case of FIEF is when staking. Currently, each FIEF wagered generates 0.03 IP per day. FIEF holders enjoy a continuous stream of in-game financial benefits that they can freely spend. Over time, staked FIEFs will gain voting rights to control the distribution of ETH generated fees through the dapps of Fief Protocol for Loot Farms.
This system aligns the demand for FIEF to be purchased and staked with the need for third-party metaverse projects to push ETH rewards to their in-game assets.
FIEF currently has a total supply of 500,000,000 (i.e. 500,000,000), with a circulating supply of 128,180,693. You can find more information about the distribution and availability of FIEF on this website. Official project documentation
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