Building cross-chain bridges is one of the best things that have happened to the Hive blockchain. @LeoFinance and Hive-engine has championed this cause for linking Hive blockchain to other blockchains. While LeoFinance concentrates with DeFi and financial bridges, Hive-engine helps in the creation of tokenized communities and transaction of pegged tokens which are backed ne-to-one by a token on another blockchain.
What are pegged tokens?
Pegged tokens are tokens on Hive Engine that are backed one-to-one by a token on another blockchain or potentially by a real world asset such as USD or gold. In addition to HIVE, Hive Engine now supports pegged tokens for Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE) and plans to add many more in the near future. This means that at any time users can deposit any of the supported tokens and receive the pegged versions which can then be transferred or traded for other Hive Engine tokens on the Hive Engine decentralized market. Users can also withdraw the pegged tokens back out to the real version at any time. source
The ease with which the representation of other blockchains can be seen on Hive is transformational feature of the Hive blockchain that continues to potove its scalability claims.
ChiFiBot premiering on Aspire with its financial roots on HIVE
Years ago, @Flauwy with some gaming-loving friends created @nftstudios for the creation and engagement of blockchain games and that led to the building of the 1UP Gaming community on Hive with the ONEUP TOken serving as a reward token for gaming contents on Hive. Further, the 1UP community has served as the rally point to bring game lovers on Hive together and they proved their great strength in helping @Nftstudios to successfully raise Thousands of dollars during the ChiFIBots pre-sale on Hive.
Our first pack pre-sale via Hive was a complete success with getting our 50K USD monthly goal in just under 4 hours!
Today, we see ChiFiBots creation on a swift development improvement with the publish of the CHiFiBots Whitepaper and Roadmap . This is always necessary to help dapp supporters ann investors anticipate rightly while also planning how to engage profitably. Going through the Whitepaper earlier today, shows how ChiFiBots would be premiered on the Aspire blockchain but we also see the huge value it would bring to Hive courtesy of the ONEUP Token which powers the 1UP game blogging community.
The ChiFiBots: Trading Card Game - will be the debut game released in a plethora of games in the ChiFiBots series. In this 6 vs 6 robot battling Play to Earn game premiering on the Aspire Blockchain, fight with players all around the world and earn rewards with your NFT’s! - source
ChiFiBots intentionally promises financial freedom for players and investors and that can be a huge disruption to the world of work. While the fun and social aspect of life is covered by the gameplay, players and investors also smile to the bank after hours of enjoying themselves.
NFT Studios is committed to provide a suite of games where 100 million players can earn 100 thousand USD a year playing our games. ChiFiBots will be the debut game that showcases our goal of helping all types of players or investors around the world achieve their financial freedom. Source
Thanks to @Flauwy, @kevinli, @steemcafe and @daveonarrival for all they're putting in to make ChiFiBots a blockchain game beautiful to to look upon in 2022/23
GALA Games begins interactions on Hive
In another development, it is imperative that Gala games could find Hive blockchain as a home to discuss it gaming experiences for its players while also serving as a marketplace for GALA token as well as its games. This is informed by the addition of the SWAP.GALA pegged token on Hive-engine in the last 48 hoours.
| Property | Details |
|---|---|
| Token Name | GALA Pegged |
| Circulating supply | 232225 |
| Total supply | 232225 |
| Max supply | 9007199254740991 |
| Precision | 8 |
| Issuer | @swap-eth |
| Website | https://app.gala.games |
| Staking | No |
| Delegation | No |
I look forward to a time when games could be purchased on the @hive.pizza guild or other markets on Hive, even NFT markets on hive-engine outposts. With that, we see a huge value added to the Hive blockchain and its token since it becomes a legal tender for acquiring other digital products from other chains.
With the recent listing of SWAP.GALA token on hive-engine, I trust that shortly, HIVE wopuld be added in the Get GALA page of the gala games website.
Play2earn games are the new work in the crypto era. As Hive continues to show its tenacity and capacity to host as many blockchain games and marketplaces as possible, then, woe would have approached mass adoption.
Join Hive Here and start a new work!
What is Hive?
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source
What is Hive-Engine?
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
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Posted Using LeoFinance Beta
I've been watching Gala for awhile. Considered trying to get a game node going. Really think Hive is a great blockchain for game developers... we just need to get the word out more about successes like Splinterlands.
Posted Using LeoFinance Beta
Getting to read more and understudy it and possibly see how I can maximise the Hive-GALA bridge.
Posted Using LeoFinance Beta
Great write up, friend!
Great post, can't wait for the first alpha testing of ChiFiBots myself. It will be interesting to see if the developers can live up to creating a game that allows players to provide financial freedom.
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