DPET Contract Address
DPET Contract Address (My Defi Pet Token $DPET)
DPET Contract Address is:
0xfb62ae373aca027177d1c18ee0862817f9080d08
Type: BEP-20 BSC Binance Smart Chain
Related Video:
MyDefiPet NFT Game Overview Tutorial, How to Play, How to Earn
Transcript (autogenerated):
my DeFi pet takes non-fungible tokens to
the next level instead of simply having
a jpeg image that you can look at
what you have is the ability to own your
very own interactive
animated pet that you can breed trade
engage in battle and socialize with
other DeFi pets on top of that
there are seasonal competitions that
allow you to earn real world
cryptocurrency rewards
hey everyone and welcome this is robert
with altcoin buzz and in today’s video
we are taking a look at my DeFi pet
which is a lifestyle based
pet game on the blockchain so
immediately the first thing you’re
probably going to think of
when you hear about this is
cryptokitties now cryptokitties was
one of the first blockchain games
especially they got really popular that
basically allowed people to
breed and trade various types of cats
that were bred on the ethereum
blockchain
DeFi pet takes this to the whole next
level because as you can see
right off the bat here these creatures
are animated they are kind of
3d generated so instead of just having a
flat
face to look at a image you actually
have an interactive
DeFi pet now within this ecosystem you
aren’t limited to simply holding these
cards right so if we look at other
things for example if you have a crypto
punk that’s really cool
but it’s just kind of there right if you
have one of these DeFi pets you actually
have
functionality to it so it’s kind of like
splinter lands or alien worlds in the
fact that you own nfts
but different nfts actually allow you to
do different things within the in-game
universe so what can you do with these
DeFi heads the first option is
obviously to collect different DeFi pets
so every
new monster is born every hour and
bidding lasts for 24 hours so
every hour there’s a new monster that’s
created in the ecosystem and you have
the ability to
bid on it or you have the ability to
just simply sit there and let other
people bid on it you can breed now this
is the thing that’s going to be most
familiar
to anyone that’s perhaps participating
cryptokitties you have the ability to
create
new monsters out of two original parent
monsters
now this is really cool you also have
the ability to evolve your monsters give
them higher stats by using
the game’s inbuilt token which i will
talk about later when you get to
tokenomics
seasons and events now this is one thing
that i really like
if you’re playing this game there’s
actually season rewards for completing
certain tasks right so let’s suppose
that
i create 10 legendary monsters all with
maxed out stats and then i burn those
nfts right i can be eligible for a
reward
and then of course battling trading and
socializing so this is
far beyond simply owning a owning a jpeg
image as people like to criticize nfts
these are nfts that are interactive
they are 3d as you can tell from the
animations here
and they actually have several different
features not just breeding but also the
trading
the creation of the new monsters and the
ability to battle other monsters as well
so
with that being said i wanted to jump
into the white paper and give you a
little bit more detailed look at all of
those other concepts that i kind of
breezed over in the introduction so
the gameplay revolves around a core loop
of collect
breed evolve battle trading and
socializing so
the thing with me my DeFi pay is that it’s
really designed to be a complete
immersive game experience it’s not just
i can go battle my monsters it’s not
just i can go
trade my monsters it’s everything right
so you can create new monsters
you can battle new monsters you can then
level those monsters up then
once you get some really high level
really powerful monsters you can breed
those monsters to create a new monster
and the cycle
starts all over so one thing that i also
like is that this season’s
thing breaks down the game into small
short term rewards so personally i’m a
big fan of the splinterlands trading
card game
and it’s an online blockchain based game
where basically every two weeks there’s
an end of a season reward so
depending on how well you did you get an
airdrop of certain cards it’s the same
thing with this they break
the long term game into several short
seasons so that you have
always something to look forward to
you’ve always got the possibility of
earning those rewards if you don’t have
such a good season you can always look
forward
to the next upcoming season and as part
of those season rewards they have
various prizes so the
very first season and again keep in mind
that this hasn’t launched yet this is a
little bit forward-looking but the first
season will start with
100 000 tether prize locked by the team
in the smart contract
the amount is claimable by sending and
burning the exact nfts stated in the
contract so
there’s a contract that says you’re
eligible for this prize if you burn
these nfts right so it’s kind of like a
quest but
instead of a quest in a video game where
you get absolutely nothing for
completing it
you actually get a reward here so
tentatively the prize requires 10
legendary monsters with
max level so basically you complete the
season you level up your cards you then
burn those cards and you receive
part of that prize in addition you have
the ability to
create these new monsters either through
breeding or through buying them
at an auction so there’s two different
ways of obtaining new monsters in the
game the first
is summoning a random egg by attributing
100 dpet tokens now these are obviously
the
native tokens of the ecosystem so you
tribute these tokens and you get a
random egg you don’t know what it what’s
in it it could be a good egg
it could be a bad egg now the other
option of doing this is that
you can buy a new monster through
auction so every 24 hours a new monster
will be basically going up for option
you have the ability to bid on that if
you choose to do so
or you can breed your own monster so
combining any two monsters will give a
new monster
that inherits its ancestors genes one
thing that’s really cool about this is
that you can
breed a pet that you own with a sire
that you own or
with a sire that you’ve been given
approval for so you can kind of again
this is kind of adding to the complexity
and the depth of the ecosystem if you
have a really good monster that you want
and you see someone else that has a
really good monster and you want to
breed them you can
combine those two monsters to create
your own monster even using those good
genes those good characteristics of a
parent monster that you don’t actually
own
and it does say that there is a
prepayment of a fee that’s given out to
the first caller so in order to do this
process you do have to pay a small fee
which
presumably will also be paid in those
dpet tokens
and one thing again that i do find
interesting is anyone can call
this function to do the birth function
however
the new pet will always go to the
mother’s owner so if i have the mother
monster
and i get the sire approval from my
friend’s father monster
i’m the one that’s actually going to
receive that monster however
this fee can be paid by anyone
then once my monster has been created i
obviously have the ability to
level that monster up so each monster
has certain evolution levels and
capabilities depending on its rarity
players can level up their monster by
feeding them dpet
tokens so you have a basic monster you
level it up you give it more
dpeg tokens this is kind of like if you
remember when you were little playing
pokemon on the gameboy right and
you would level up your charmander he
could evolve into a char
charizard right so charmander charmeleon
charizard he could level up through
those different levels
but even if you didn’t actually level
him up and involve him
he would still get better stats right so
a level 15 charmander would have better
sets than a level 5 charmander
it’s kind of the same idea here where
you can have the same monster you can
level it up you can evolve it but
you can also improve its genes improve
its stats by feeding it those
dpet tokens there will be a battle
functionality now one thing that i do
have to point out and again this is
nothing against the project at all i
realize that this is something that’s
still in the early stages so
they do have a battle functionality
planned however it has not actually been
released yet and in fact they do want to
make sure that it’s tested and finalized
before adding to the white paper so
just looking at this screenshot that
they’ve given us here it does look
pretty cool it looks like something
that’s going to be a lot of fun so
hopefully they’re able to roll that out
give us a little bit more details
soon obviously as these are nfts we have
the ability for
trading them exchanging between
different players as well so one thing
that i really do like about my DeFi pet
is that it’s really focused on being
cross block chain compatible so
currently it’s on binance smart chain
and cardiac chain now
this is the really cool thing utilizing
the non-invasive interoperability from
this cardiac chain
they’re basically offering the ability
to port the game onto any other major
blockchains community such as ethereum
and polka dot and
what you can see here is they’ve got the
cardiac chain dual node technology which
allows them to easily go between a bsc
ethereum polka dot a variety of
different chains so
that’s something that’s really cool
because right now we’re seeing a lot of
competition from ethereum and
i don’t think anyone can really tell you
100 how this is going to turn out does
ethereum remain the king
does ethereum and binance smart chain
kind of become co rulers does polka dot
take over
no one really knows what the results of
this ethereum is going to be the
ethereum 2.0 so
i think any project that kind of covers
all the bases by
making sure that it’s accessible on a
variety of different chains i think that
says a lot about the forward-looking
thing of the team as well as just basic
functionality right so i might want to
operate on bsc so i have those lower
fees
and this allows me to do that with that
being said i always do like to cover
the inbuilt token the tokenomics of the
project so in this
the native token is obviously going to
be the dpet token and
i want to call that DPET token but i’m
not sure if that’s the exam
pronunciation but it would make sense
because it’s d phi and pat so we’ll call
it the DPET token
and this is the main in-game currency
will be used for trading exchanging
improving pets and special qualities
mainly in the first phase so
the token economics we can see that it
is the in-game currency
it’s also for governance so you can vote
what new features you want to see in the
game special rewards
locking those dpet tokens for a certain
time to gain
voting power staking now this is
something pretty cool because typically
when we’re going through the white paper
we’re seeing these dpe tokens for
leveling up your monster for feeding
your monster for getting these new
random eggs but you can also become a
part of the
game by staking these dpet tokens into
pools different pools will you different
returns such as new items new eggs or
dpe
tokens so this is really cool in that
you can customize
what you want to receive as a reward so
it says there’s different pools some of
them will give us new items
some will be new eggs and some will be
different dpet tokens so
i really like this that we can kind of
tailor our staking strategy to
what we want to receive and it’s kind of
the same as an alien world right
we can customize our mining build for
whether we want to get the in-game
currency or more nft so i really like
that they’ve implemented that
i think anything you can do to give
players more choice and freedom and kind
of have that
feeling of their in control of their
game experience i think is always a good
thing and then
obviously because it is a crypto
monetized game we’re obviously going to
have
that play to earn functionality simply
playing can also get you dpe tokens
via mission and social mining alrighty
so that being said the next big step on
the roadmap the next kind of major event
for my DeFi pay is going to be their token
sale on april 27th now this will be an
ido
that’s going to be on kickpad and in
order to participate in this you have to
be whitelisted now
if you want to get whitelisted i’m not
telling you should get whitelisted i’m
not saying you shouldn’t i’m not telling
you what to invest what not to invest
right i always like to be clear
it’s important for you to do your own
research however if you do like the
project if you do want to get involved
you do have the opportunity to do that
and what i’ll do is i’ll put a link to
their twitter so that you can easily
find where you need to go to do this it
will be in the description of the video
but what you can see is that you have to
sign up for this whitelist now
check this out over 209
000 total entries so far but they’ve
still got 46 hours left to go and
just take a look at this 125 whitelist
spots available so only 100 of those are
public so
if you take a look at this they’ve got
almost let’s call that
200 and 9 000 and there’s only 100
spots available so the demand is way
ahead of the supply here there’s a lot
of people that are wanting to get on in
on this
so if you want to partake in this you do
have that ability as well i will like i
said i will leave the links for this
in the description so that you can check
it out if you want to participate that
being said
the whitelist winners will be selected
upon the contest end at april 26th now
i’m gonna try to push this video out as
soon as i can so that you’ll have plenty
of time to check this out so that you
can
get on this whitelist if you want to do
that because again
april 26th you’ve got to be on the white
list before april 26 and then you will
have
that ability to participate on april
27th
2 p.m utc last thing about this this is
not going to be available to
everyone unfortunately if you live in
the us north korea iran you are not
permitted
to join this contest so for all of those
of you in the u.s like myself sorry you
will not
be eligible for that so wrapping
everything up we’ve got my DeFi pet which
is a project that really transforms
nft’s cryptokitties takes it to the
complete next level so instead of just
having these simple kind of images on
your computer that really just sit there
and don’t do anything
you have the ability to have an
interactive kind of 3d
animated DeFi pet that not only just can
you breed but you can
engage in battle that you can trade that
you can sell that you can do
all of these different things with and
they’re really trying to build a sense
of community make this so much more
interactive than existing
DeFi so if i could give you kind of a
one sentence take away for it
it’s a blockchain based game that really
takes the power of nfts to the next
level so instead of simply having a jpeg
image that’s sitting there in your
wallet
just waiting for someone else to buy it
at a higher price what you’re seeing
with this is that you’re actually able
to
use these DeFi pets you actually have
these monsters that you can
trade them you can battle them you can
breed them you can socialize them with
other monsters they’re not just a
two-dimensional flat image they’re
animated they’re interactive right so
they’re designed to be fun
they’re designed to be an immersive
experience that’s so much more than
simply holding an nft card in your
wallet
not only is it designed to be fun but
they’ve also got some interesting
technical features as well such as
focusing
on that cross-chain blockchain inner
ability so
as always i hope you found this video
useful thanks for watching and i’ll see
you next time