{"id":1301,"date":"2021-08-27T05:17:25","date_gmt":"2021-08-27T05:17:25","guid":{"rendered":"http:\/\/47.241.245.212\/?page_id=1301"},"modified":"2021-08-29T15:48:34","modified_gmt":"2021-08-29T15:48:34","slug":"faqs-2","status":"publish","type":"page","link":"http:\/\/bingobsc.xyz\/?page_id=1301","title":{"rendered":""},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1301\" class=\"elementor elementor-1301\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-714e4e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"714e4e7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6516952\" data-id=\"6516952\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a4b8d91 elementor-widget elementor-widget-spacer\" data-id=\"a4b8d91\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-125b060 elementor-widget elementor-widget-shortcode\" data-id=\"125b060\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t\t\t\t\t\t<h3 style=\"margin-bottom:20px;display:block;width:100%;margin-top:10px\"> <\/h3>\r\n\t\t\t\t\t\t<style>\r\n\t\t\t\t#wpsm_accordion_1300 .wpsm_panel-heading{\r\n\tpadding:0px !important;\r\n}\r\n#wpsm_accordion_1300 .wpsm_panel-title {\r\n\tmargin:0px !important; \r\n\ttext-transform:none !important;\r\n\tline-height: 1 !important;\r\n}\r\n#wpsm_accordion_1300 .wpsm_panel-title a{\r\n\ttext-decoration:none;\r\n\toverflow:hidden;\r\n\tdisplay:block;\r\n\tpadding:0px;\r\n\tfont-size: 18px !important;\r\n\tfont-family: Open Sans !important;\r\n\tcolor:#000000 !important;\r\n\tborder-bottom:0px !important;\r\n}\r\n\r\n#wpsm_accordion_1300 .wpsm_panel-title a:focus {\r\noutline: 0px !important;\r\n}\r\n\r\n#wpsm_accordion_1300 .wpsm_panel-title a:hover, #wpsm_accordion_1300 .wpsm_panel-title a:focus {\r\n\tcolor:#000000 !important;\r\n}\r\n#wpsm_accordion_1300 .acc-a{\r\n\tcolor: #000000 !important;\r\n\tbackground-color:#e8e8e8 !important;\r\n\tborder-color: #ddd;\r\n}\r\n#wpsm_accordion_1300 .wpsm_panel-default > .wpsm_panel-heading{\r\n\tcolor: #000000 !important;\r\n\tbackground-color: #e8e8e8 !important;\r\n\tborder-color: #e8e8e8 !important;\r\n\tborder-top-left-radius: 0px;\r\n\tborder-top-right-radius: 0px;\r\n}\r\n#wpsm_accordion_1300 .wpsm_panel-default {\r\n\t\tborder:1px solid transparent !important;\r\n\t}\r\n#wpsm_accordion_1300 {\r\n\tmargin-bottom: 20px;\r\n\toverflow: hidden;\r\n\tfloat: none;\r\n\twidth: 100%;\r\n\tdisplay: block;\r\n}\r\n#wpsm_accordion_1300 .ac_title_class{\r\n\tdisplay: block;\r\n\tpadding-top: 12px;\r\n\tpadding-bottom: 12px;\r\n\tpadding-left: 15px;\r\n\tpadding-right: 15px;\r\n}\r\n#wpsm_accordion_1300  .wpsm_panel {\r\n\toverflow:hidden;\r\n\t-webkit-box-shadow: 0 0px 0px rgba(0, 0, 0, .05);\r\n\tbox-shadow: 0 0px 0px rgba(0, 0, 0, .05);\r\n\t\tborder-radius: 4px;\r\n\t}\r\n#wpsm_accordion_1300  .wpsm_panel + .wpsm_panel {\r\n\t\tmargin-top: 5px;\r\n\t}\r\n#wpsm_accordion_1300  .wpsm_panel-body{\r\n\tbackground-color:#ffffff !important;\r\n\tcolor:#000000 !important;\r\n\tborder-top-color: #e8e8e8 !important;\r\n\tfont-size:16px !important;\r\n\tfont-family: Open Sans !important;\r\n\toverflow: hidden;\r\n\t\tborder: 2px solid #e8e8e8 !important;\r\n\t}\r\n\r\n#wpsm_accordion_1300 .ac_open_cl_icon{\r\n\tbackground-color:#e8e8e8 !important;\r\n\tcolor: #000000 !important;\r\n\tfloat:right !important;\r\n\tpadding-top: 12px !important;\r\n\tpadding-bottom: 12px !important;\r\n\tline-height: 1.0 !important;\r\n\tpadding-left: 15px !important;\r\n\tpadding-right: 15px !important;\r\n\tdisplay: inline-block !important;\r\n}\r\n\r\n\t\t\t\r\n\t\t\t\t\r\n#wpsm_accordion_1300 .wpsm_panel-title a {\r\n    color: #ddbd4e !important;\r\n    background-color: black;\r\n}\r\n\r\n\r\n#wpsm_accordion_1300 .wpsm_panel-title a:hover, #wpsm_accordion_1300 .wpsm_panel-title a:focus {\r\n    color: #ddbd4e !important;\r\n}\r\n\r\n#wpsm_accordion_1300 .wpsm_panel-body {\r\n    \r\n    color: #ddbd4e !important;\r\n    background-color: #000000 !important;\r\n\r\n    font-size: 17px !important;\r\n    font-family: roboto !important;\r\n \r\n}\t\r\n\t\t\t<\/style>\r\n\t\t\t<div class=\"wpsm_panel-group\" id=\"wpsm_accordion_1300\" >\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse1\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat Is Metaverse ?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse1\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>The metaverse is a superset of virtual reality, augmented reality and the internet. Its tendencies exist in forms you may already be familiar with, such as in popular video games like Roblox, Fortnite and Animal Crossing. The term was first coined in Neal Stephenson\u2019s 1992 science fiction novel \u201cSnow Crash,\u201d where a pair of delivery drivers travel the metaverse to save themselves from a capitalist dystopia.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The metaverse that many futurists envision is similar to the ones portrayed in sci-fi stories like \u201cReady Player One<em>.<\/em>\u201d While no one knows for sure what the metaverse will look like, its basic characteristics are established \u2013 it spans physical and virtual worlds, is centered around a fully functioning economy, and allows users to travel through its different \u201cplaces\u201d with relative ease, maintaining their purchased goods and avatars.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Like a virtual theme park with no limits to its size and creativity, users will be able to move seamlessly from place to place with thousands of other people, all within the same digital universe.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong>Why the metaverse matters<\/strong><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Even if the metaverse fails to reach the epic vision many have in store for it, it could fundamentally change the way we interact with the digital world. A collective virtual experience could bring new opportunities to creators, gamers and in the same way non-fungible tokens (NFT) have, not just reshaping the creator economy, but inventing it anew.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The virtual world of the metaverse could become its own trillion-dollar industry. A go-to for entertainment, commerce and for some, even a place of work. . The metaverse is not being described as an extension of the internet but a <em>successor<\/em>. And it\u2019s being built using blockchains and decentralized applications.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Venture capitalist and essayist Matthew Ball writes  that the metaverse will become \u201cthe gateway to most digital experiences, a key component of all physical ones, and the next great labor platform.\u201d He believes it will be the driving force in creating a new generation of companies, similar to what happened with the popularization of the internet. Maybe more interestingly, it could lead to the fall of incumbent industry leaders, as we saw with the rise of digital platforms.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong>Enter Facebook<\/strong><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>At the end of June 2021 , Mark Zuckerberg told his employees at Facebook they\u2019d be working \u201cto help bring the metaverse to life.\u201d The company has assembled a team of its executives to spearhead the project, including Instagram product head Vishal Shah and Facebook Gaming\u2019s Vivek Sharma and Jason Rubin.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>In an interview with The Verge, Zuckerberg outlined his ambitions for what the metaverse could be. He discussed the idea of virtual workspaces, which he called \u201cinfinity offices.\u201d Working in VR, he argues, allows for greater multitasking, and meeting in a virtual, metaverse type environment can be intrinsically more collaborative and productive. Zoom calls have their obvious limitations, and Zuckerberg says he already prefers to do his meetings in VR if possible.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>He also brought up how the metaverse can provide solutions to social inequities. Based on the research of Raj Chetty, Zuckerberg makes the point that a person\u2019s geographic location is highly correlated with their financial opportunities. In a world with a popularized metaverse, however, this idea is sort of flipped on its head, with remote work becoming more accessible as the technology behind virtual and augmented reality improve.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Facebook plans on spearheading this development with its own set of investments. It currently owns Oculus, which makes the popular Quest VR headset. While VR technology still has a long way to go, according to Zuckerberg, it\u2019ll be ready for metaverse capabilities \u201cby the end of the decade.\u201d<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong><strong>Other tech giants stepping into the metaverse<\/strong><\/strong><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>No one person or company can have control over the metaverse, but the usual suspects of the tech world are already staking their claim on the future of the space. Google, Microsoft, Samsung and Sony have joined Facebook in the XR Association, a consortium of tech companies aiming to shape the future of \u201cexperiential reality.\u201d<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Gaming is ahead of other metaverse technology in many aspects and could continue pioneering the space. For years, video games have leaned into the concept of in-game economies, where players can buy and sell goods that hold no real value outside the universe of the game itself. The most recent example is Fortnite, but an older example is the continued success of games like Grand Theft Auto V. Despite being released more than seven years ago, the game grossed over a billion dollars in profit in 2020, thanks to a large online community still active in the game\u2019s online, open-world universe. The metaverse aims to connect these in-game economies under one cohesive umbrella of virtual experience. Unlike in the world of video games, the metaverse is not objective-based. Our relationship to it will be more similar to how we treat the internet than some kind of virtual role playing game<\/p>\r\n<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse2\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat is DeFi ?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse2\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tDeFi is short for \u201cdecentralized finance,\u201d an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.\r\n\r\n<!-- wp:paragraph -->\r\n<p>New DeFi concepts have sprung up around them:\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\n<strong>Yield Farming<\/strong> : <\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\nFor knowledgeable traders who are willing to take on risk, there's yield farming , where users scan through various DeFi tokens in search of opportunities for larger returns.\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong>Liquidity Mining<\/strong> :<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\nWhen DeFi applications entice users to their platform by giving them free tokens. This has been the buzziest form of yield farming yet.\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\n<strong>Composability<\/strong> : <\/p>\r\n<!-- \/wp:paragraph -->\r\nDeFi apps are open source, meaning the code behind them is public for anyone to view. As such, these apps can be used to \"compose\" new apps with the code as building blocks.\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\n<strong>Money legos <\/strong>: <\/p>\r\n<!-- \/wp:paragraph -->\r\nPutting the concept \"composability\" another way, DeFi apps are like Legos, the toy blocks children click together to construct buildings, vehicles and so on. DeFi apps can be similarly snapped together like \"money legos\"\u00a0to build new financial products.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse3\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat is BlockChain Gaming \/ GameFi ?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse3\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>Blockchain games introduce a new section of the industry to players. It introduces a system\u00a0 that promotes decentralised gaming activities. Instead of a centrally controlled server,\u00a0 blockchain digital game assets are distributed among players and tokens are distributed in\u00a0 the network to facilitate interactions. By implementing blockchain, players in the industry\u00a0 gain access to true ownership, decentralised games, fair gameplay, and cryptocurrency\u00a0 acquisition through gameplay, global leaderboards, and censorship resistance. Much more,\u00a0 blockchains built games and decentralised applications effectively capture the utility and\u00a0 value of in-game purchases and asset acquisition.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nAs the influence of blockchain in the gaming industry grows, non-fungible tokens have\u00a0 further driven the growth of the industry. These non-fungible tokens are digital assets that\u00a0 represent in-game content. The dynamism of non-fungible tokens introduces a shift that\u00a0 makes players capture the utility and value of assets acquired through in-game purchases,\u00a0 promotional events and regular gameplay. Assets can be tokenised, thus transforming in-\u00a0 game purchases to transferable assets that can be exchanged for currencies or interoperable\u00a0 with other games. <\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nAs NFTs can retain value beyond the game in which they are developed,\u00a0 these blockchain built games tend to establish new gaming categories, establish economies, One of the earliest adoptions of blockchain in the gaming industry is\u00a0 Cryptokitties. CryptoKitties\u00a0 game dropped on the Ethereum network in 2017 and literally clogged the network to a\u00a0 standstill. As gamers rushed to have a taste of the new type of blockchain gaming, the money\u00a0 flowed in their wake. The most expensive collectible cat ever sold in the game was valued at $117,000. And that confirmed prospects of decentralised gaming.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Ever since then, blockchain-based games have been coming off the production line with\u00a0 varying degrees of complexity and success. The first quarter of 2021 saw the advent of an\u00a0 upgrade in crypto gaming in the form of NFT games, which have made the shift from Play to\u00a0 Earn games to collectible games based on the Pay to Earn principle, as rare NFTs often fetch\u00a0 astronomical prices on the market.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Recent statistics from statista.com reveal that the game market value worldwide has\u00a0 increased significantly over the past decade and is forecast to grow over the $200 billion\u00a0 mark in 2023. The overall capitalisation of the NFT market reached over $22 billion in 2021,\u00a0 up from $338 million in late 2020. Much of the given sector is being focused on the gaming \u00a0industry, which has immense potential for providing gamers with unique opportunities for\u00a0 collecting in-game items. Such possibilities are best highlighted in the Esports market, which\u00a0 was valued at over $495 million in 2020 and is expected to reach over $646 million in 2021\u00a0 due to the injection of new technologies that make the engagement process more exciting\u00a0 for gamers and fans.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>As of the first quarter of 2021, 80% of all traffic on the Ethereum network is attributed to\u00a0 Decentralized betting and gaming transactions over the last two years running. Such figures\u00a0 are a clear indication of the interest that both players and developers are dedicating to\u00a0 decentralised infrastructures for a great number of reasons. But while Ethereum is making\u00a0 headway, the Binance Smart Chain is also catching up by offering many exciting crypto game\u00a0 projects, like Battle Pets.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong><strong>What is GameFi <\/strong>\uff1f<\/strong><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>An amalgam of gaming and decentralized finance (DeFi), \u2018GameFi\u2019 refers to the intersection between blockchain-based gaming and decentralized financial instruments in all their guises: yield farming, lending\/borrowing, algorithmic stablecoins, token minting instruments, etc.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The term was initially picked up on and perhaps even coined by \u2018Father of DeFi,\u2019 Andre Conje, as far back as September of last year:\u00a0<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\u201cGamification applied to monetary policies excites me so much. Your funds are becoming gear to use in this defi game,\u201d Conje said in a social media post. \u201cTill now we have been cloning tradfi, going forward we go into Gamefi.\u201d<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong><strong>How Is GameFi Performing?<\/strong><\/strong><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The Father of DeFi\u2019s excitement seems to have been well-founded as we see the success of recent gaming projects. The world of GameFi has flipped conventional gaming on its head.\u00a0<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>By providing users opportunities to earn profitable rewards, gaming is no longer a money drain for players\u2013\u2013 it is a money gain! The NFT Summer of 2021 has turned into the GameFi Summer, with several games taking crypto by storm.<\/p>\r\n<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse4\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat is NON-FUNGIBLE TOKENS\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse4\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.[1] NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nThe NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Although they\u2019ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nNFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. \u201cEssentially, NFTs create digital scarcity,\u201d says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nThis stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it\u2019s in demand.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nBut many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that\u2019s already floating around on Instagram.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nFor instance, famous digital artist Mike Winklemann, better known as \u201cBeeple\u201d crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of the moment, \u201cEVERYDAYS: The First 5000 Days,\u201d which sold at Christie\u2019s for a record-breaking $69.3 million.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nAnyone can view the individual images\u2014or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download?<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nBecause an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those \u201cdigital bragging rights\u201d almost more than the item itself.\r\n<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse5\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat is BingoBsc \uff1f\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse5\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>Bingo Bsc was developed as the first Decentralized gaming platform on the Binance Smart  Chain to provide players with a safe gaming network that aids in a fair share of the perks  of the platform. \r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nWhile traditional gaming networks restrict the benefits of players through  centralised control and lack of transparency, Bingo BSC makes provision for decentralised  and accountability of in-game asset ownership while still making players earn through  various reward generating mechanisms. Being built on the Binance Smart Chain, Bingo BSC  provides gaming interoperability that is not provided by the existing centralised network and  existing blockchain gaming platforms.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nWith gaming interoperability, players can play games across networks and use their in-  game purchases across provided platforms. The platform incorporates the best AAA mobile  blockchain RPG that allows players to convert their gaming passion into valuable digital  assets. Players participate in challenges, collect items and resources, and craft items to  get digital assets with uprising value. As players complete certain actions, rewards will be  distributed among them. These rewards can also be used to purchase other in-game assets  or NFTs with real value.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>On the platform, players who play games and complete certain actions can earn rewards in  the form of resources, digital assets, equipment or the platform\u2019s currency. Any reward earned  can be used to recruit and upgrade heroes or create equipment to complete progressively  harder tasks. As players complete tasks in the platform, they move up to the next task level.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nAmongst the features implemented by the network, Bingo BSC incorporates the use of NFTs.  These NFTs will be in the form of pets. The pets can initially be purchased during the presale  offering. However, when the game launches, it will only be sold by players. The NFTs will be  used to increase the chances of players success on the gaming platform. As the platform is  built on the Binance smart chain, players will be able to play their games seamlessly while  paying low fees for assets trading. <\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nThe Bingo BSC gaming platform develops an underlying  coin for players to use in the network. The coin will serve as an in-game currency for players  to spend when they need to mint an asset on the blockchain to make a primary sale purchase  or vote on important game decisions. The coins are used to mint NFTs, which are in turn used  to participate in serval games on the network. By providing different opportunities for players  to earn and build their wealth, Bingo BSC creates a massive real world economy for players  and creators.\r\n<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse6\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhy Choose Binance Smart Chain \uff1f\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse6\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>Binance Smart Chain functions as a blockchain network that leverages the high functionality  of the Binance Chain while incorporating smart contracts in its ecosystem. Being compatible  with the Ethereum Virtual Machine, it easily launches Dapps and Ethereum tools, making  it possible for developers to port their projects with Ethereum to the Binance Smart Chain  without any difficulty. <\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nThe cross-compatibility feature between the Binance Smart Chain  and the Binance Chain provides a means through which users can transfer assets from one  blockchain to another, thus enabling speedy trading capabilities with the smart contract  functionality.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>In essence, users can trade on Binance Chain while still building decentralised  apps on the blockchain. Amongst others, the Binance Smart Chain is particularly known for  its cross-chain asset transfers and EVM compatibility, five-second block time, and Proof of  Stake Authority consensus protocol to ensure scalability. It uses a mixture of Proof of Stake  and Proof of Authority Models - the Proof of Staked Authority Consensus Algorithm, thus  providing more inclusive chain management.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Bingo Bsc leverages the minimal transactions fees and speed of the Binance Smart chain  to provide players with a safe, secure, and interoperable gaming process for gamers. As  the Binance Smart Chain is also scalable, creators can mint more NFTs, and players can  seamlessly move up to the ladder to earn seamlessly.Low Transaction Fees: Binance Smart Chain was developed to be the most  inclusive blockchain for traders. \r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>By project low transaction and trading speed of up  3 seconds, the network proves to be the best for NFTs functionalities. Its features  will enable Bingo players to seamlessly conduct countless transactions without  one affecting the other\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Multi-wallet Support: Being compatible with the Ethereum Network, platforms  built on the network can be used with other wallets like Trust Wallet, MetaMask or  the Binance extension wallet\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Incorporation of Bridges and APIs: the Binance Smart Chain ecosystem consists  of tooling projects, infrastructure and bridges that aid cross-chain interoperability.  Much more, it includes APIs for quick data sharing and processing as well as  security projects analysing and providing risk assessment. The utilisation of these  features will solidify the gaming platform and keep the network seamless.\r\n<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse7\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat Are The Feature Of the Bingo Bsc\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse7\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>Bingo BSC is a Decentralized play to earn gaming network that rewards players for completing  certain tasks. The network places priority on players hardwork by providing them with  valuable assets that can be converted to build their financial holdings.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The network includes  servers that make it stand above every existing centralised and blockchain-based gaming  platform. These features are utilised by players to gain the best of the network.<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse8\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat Exactly is the BingoBsc DeFi EcoSystem?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse8\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p><strong>BINGO PLAN<\/strong> \r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The Bingo Plan is the first feature to launch on the BSC enabled gaming platform. \r\nThe feature  includes an ABCD plan to help players make huge wealth and gain access to more financial  opportunities in the gaming space.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong>BINGO COIN<\/strong>\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n\r\n<!-- wp:paragraph -->\r\n<p>BingoCoin is a premium in-game currency freely given to players for engaging in certain  gameplay actions in the Bingo mobile game network. The coin can be utilised to access  various services on the network and can also be traded between players on a marketplace.  The coin may also be distributed to community members for certain actions deemed  appropriate by Bingo Gaming.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong>Bingo Gaming <\/strong>\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>BingoCoin is a premium in-game currency freely given to players for engaging in certain  gameplay actions in the Bingo mobile game network. The coin can be utilised to access  various services on the network and can also be traded between players on a marketplace.  The coin may also be distributed to community members for certain actions deemed  appropriate by Bingo Gaming.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>It could be distributed as a reward program for community  events and competitions or distributed as grants, bonus tokens, etc. BingoCoin can be used  in the Bingo Gaming platform when players want to perform \u201cpremium\u201d actions that involve  creating new blockchain assets. For instance, It could be a part of the cost of crafting and  merging in-game items. Bingo BSC partners with Bingo.Gaming to issue and distribute the  in-game currency that will be used in the mobile game platform. <\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n\r\n<!-- wp:paragraph -->\r\n<p>This in-game currency  (BingoCoin) is a BEP-20 token. By being built on the Binance Smart Chain, the coin is notably  interoperable with other coins. Much more, coin ownership aids in the seamless facilitation  of transactions in the network. The coin will also function as a liquidity token in decentralised  exchanges in order to facilitate quick transfer of the tokens among traders. Liquidity providers  can earn from their investment while still earning on the mobile gaming  platform.\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\n<strong>BINGO SWAP (CrossChain)<\/strong>\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>DeFi innovation has brought many practical applications to the industry and has promoted  the development of open finance. The Decentralized exchange (DEX) is a notable space that  has gradually been recognised by the market following a surge of growth and consumer  participation. According to DeBank data, the total value of locked assets of Etheruem  DeFi projects is over $60 billion. However, network congestion and poor scalability have  caused unprecedentedly high network transaction fees. This problem is urgent and caused  significant financial detriment for users of the blockchain space. The problem lacks a proven  solution with community consensus. With the emergence of various Layer2 solutions and the  efforts of some side chains such as BSC and HECO, there are now choices for retail investors.  However, transaction barriers between blockchains will continue to limit the usage of assets.Bingo-Swap helps counter these limitations by leveraging cross-chain protocol to connect  different blockchain networks, thus allowing users to freely exchange.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\n<strong>BingoNFT<\/strong>\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\n<strong>\r\nEARNING NFT ASSET IN THE DECENTRALIZED GAMING NETWORK\r\n<\/strong>\r\n<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>\r\nThe Bingo Gaming platform provides several ways for gamers to earn. While the availability of  various earning measures could birth the influence of bad actors, the platform incorporates  measures to prevent these actors from influencing the market and facilitate the ability of  legitimate players and their assets to maintain value over time.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse9\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhat Exactly is BingoPlan? How can you become a member of our team?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse9\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>The Bingo Plan is the first feature to launch on the Bsc enabled gaming platform.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The feature\u00a0 includes an ABCD plan to help players make huge wealth and gain access to more financial\u00a0 opportunities in the gaming space.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Daily Interest\u00a0 +0.1% For New Deposit<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:table -->\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Bingo Plan<\/td><td>ROI<\/td><td>DAILY<\/td><td>TOTAL RETURN<\/td><\/tr><tr><td>Bingo A<\/td><td>10%<\/td><td>11<\/td><td>110%<\/td><\/tr><tr><td>Bingo B<\/td><td>8%<\/td><td>15<\/td><td>120%<\/td><\/tr><tr><td>Bingo C<\/td><td>7%<\/td><td>20<\/td><td>140%<\/td><\/tr><tr><td>Bingo D<\/td><td>6%<\/td><td>30<\/td><td>180%<\/td><\/tr><\/tbody><\/table><\/figure>\r\n<!-- \/wp:table -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The Bingo plan has (4) four categories of investment. The ROI accrued by each player will\u00a0 be dependent on the category in which they invested. On every amount invested, 0.1% profit\u00a0 will be automatically added to the existing amount invested every day. Hence if a player\u00a0 participates in plan A on the first day of launch and gets 10%, the interest would become<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>10.1% the next day for new member join . The Bingo Plan also gives a marketing bonus to\u00a0 every participating member. Hence, if the value of the cryptocurrency is invested in $100\u00a0 (USD), the member gets 2lv, if it is $500, the member gets 8lv. And if it is $1000, the member\u00a0 gets 15lv. All marketing bonuses will be automatically added to every participating members\u2019\u00a0 wallet.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:table -->\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Lv -1<\/td><td>8%<\/td><\/tr><tr><td>Lv -2<\/td><td>4%<\/td><\/tr><tr><td>Lv -3<\/td><td>3%<\/td><\/tr><tr><td>Lv -4<\/td><td>2%<\/td><\/tr><tr><td>Lv -5<\/td><td>1%<\/td><\/tr><tr><td>Lv -6<\/td><td>1%<\/td><\/tr><tr><td>Lv -7<\/td><td>1%<\/td><\/tr><tr><td>Lv -8<\/td><td>1%<\/td><\/tr><tr><td>Lv -9<\/td><td>1%<\/td><\/tr><tr><td>Lv -10<\/td><td>1%<\/td><\/tr><tr><td>Lv -11<\/td><td>0.5%<\/td><\/tr><tr><td>Lv -12<\/td><td>0.5%<\/td><\/tr><tr><td>Lv -13<\/td><td>0.5%<\/td><\/tr><tr><td>Lv -14<\/td><td>0.5%<\/td><\/tr><tr><td>Lv -15<\/td><td>0.5%<\/td><\/tr><\/tbody><\/table><\/figure>\r\n<!-- \/wp:table -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>At the end of the cycle, every participating member will get the BingoCoin during the airdrop.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>AIRDROP DISTRIBUTION<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:table -->\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Plan<\/td><td>Airdrop Amount x times<\/td><td>Total Airdrop<\/td><\/tr><tr><td>Bingo A<\/td><td>1,000,000 x 11<\/td><td>11,000,000<\/td><\/tr><tr><td>Bingo B<\/td><td>2,000,000 x 15<\/td><td>30,000,000<\/td><\/tr><tr><td>Bingo C<\/td><td>3,000,000 x 20<\/td><td>60,000,000<\/td><\/tr><tr><td>Bingo D<\/td><td>4,000,000 x 30<\/td><td>120,000,000<\/td><\/tr><\/tbody><\/table><\/figure>\r\n<!-- \/wp:table -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_1300 \" href=\"javascript:void(0)\" data-target=\"#ac_1300_collapse10\"  >\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tWhy is it that Bingo Bsc combines Decentralized Finance, Metaverse, and NFT?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_1300_collapse10\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\r\n<p>There are some platforms where existing gaming network does not provide tangible benefits to players, despite their efforts and resources giving in completing tasks and breaking records. Although blockchain technology has impacted certain aspects of the industry, it has not yet been used to preserve some aspects of the industry.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n\r\n<!-- wp:paragraph -->\r\n<p>BingoBsc is therefore a Decentralized finance + gaming ecosystem platform developed on the Binance Smart Chain, providing a solution for the ever-iterating centralized gaming network while bringing valuable returns to each player.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Existing platforms give little consideration to the interests of players, but Bingo BSC enables fair sharing so that every player participates in the gaming network, and they can earn rewards for completing tasks or use rewards to improve their ability to complete new tasks. Players can also earn more valuable NFTs as rewards for completing difficult tasks.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>By providing a platform to realize the value of blockchain technology and NFT, Bingo BSC solves legacy problems in the gaming industry while allowing users to own their in-game assets as valuable collectibles.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The future will be the decentralised financial system of blockchain combined with the game concept of \u201cMetaverse\u201d, while creating a more valuable art world of NFT. Looking forward to the next 10 years, BingoBsc will be standing at the cusp and take advantage of the trend to provide players with the greatest value.<\/p>\r\n<!-- \/wp:paragraph -->\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe13411 elementor-widget elementor-widget-spacer\" data-id=\"fe13411\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d30043b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d30043b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-efd2fa5\" data-id=\"efd2fa5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2923ac2 elementor-widget elementor-widget-spacer\" data-id=\"2923ac2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27902ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"27902ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-52060c3\" data-id=\"52060c3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-881d23f elementor-widget elementor-widget-spacer\" data-id=\"881d23f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=\/wp\/v2\/pages\/1301"}],"collection":[{"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1301"}],"version-history":[{"count":34,"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=\/wp\/v2\/pages\/1301\/revisions"}],"predecessor-version":[{"id":1347,"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=\/wp\/v2\/pages\/1301\/revisions\/1347"}],"wp:attachment":[{"href":"http:\/\/bingobsc.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}