The DeFi and NFT Markets Are in a Downtrend, but Users Feel Hopeful

The DeFi and NFT Markets Are in a Downtrend, but Users Feel Hopeful

by | Jul 15, 2022 | News

According to a report, the on-chain for DeFi apps has slowed down, but the industry has managed to retain most of its daily active users.

CoinGecko published a report for Q2 2022 that reveals the market trends and analysis for decentralized finance (DeFi). The most unexpected statistic is that the DeFi market experienced a 74.6% decline in Q2, but the user activity has remained relatively robust. 

Cryptocurrency market chances in Q2 2022 (statistics) 

  • Top 30 cryptos market capitalization decreased by 55.9%, losing over half its value and falling below $1 trillion.
  • The top 15 stablecoins lost almost a fifth of their market cap, -18.3% or -$33.9B
  • The top 30 crypto market cap correlation with the S&P500 was 0.92 (that’s a high correlation).
  • Bitcoin’s hash rate decreased by 1.7%
  • +17.82% of total ETH Staked in Q2 2022. (Almost 13 million ETH was staked, representing roughly 11% of the total ETH supply).
  • There was a 34.5% decrease in average daily DeFi Users compared to 1st April 2022
  • The NFT trading volume decreased by 26% from Q1 to Q2 2022

DeFi market in Q2 2022

The CoinGecko report states that the total DeFi market cap dropped from $142 million (in Q1) to $36 million (in Q2). This was primarily due to the collapse of Terra’s stablecoin UST in May 2022.

Another worrying statistic is the increase in DeFi exploits, which has contributed significantly to this fall. Some of the most notable hacking events involved Inverse Finance and Rari, and the lost funds accumulated up to $1.2 million and $11,000,000, respectively. These attacks affected the token prices’ tremendously, and investors have also lost confidence in these protocols. 

But it’s not all doom and gloom in the DeFi space. Although on-chain activity has slowed, the DeFi industry still retains most of its active users daily.

The DeFi daily active users decreased by only 34.5%, from 50,000 to 35,000 in Q2. There were also numerous instances that led to an increase in DeFi activity.

After Terra’s collapse, there was a spike in users’ on-chain activity. Of course, that could be explained by users who used Curve Finance or Uniswap to sell Terra (LUNA and USTC).

The second spike was seen in June when Celsius, a crypto lending platform, imposed withdrawal restrictions due to financial difficulties. Celsius filed for bankruptcy on July 12. 

The users’ behavior is normal in both f these cases, as they were trying to escape the dramatic consequences of these protocols. 

What’s happening to NFTs?

Also, the report found that the trading volume for nonfungible tokens (NFTs) decreased by 26.2.% reaching $7.6 billion since the same time last year. 

In June 2022, the NFT trading volumes reached $830 million. This coincided with the collapse of the floor prices of NFTs.

For the first time ever, we also witness a change in the NFT marketplaces’ arena. 

OpenSea maintained its grip on the top spot, despite being in decline. In May and June, however, Magic Eden, X2Y2, seemed to have caught up and took turns to surpass OpenSea’s daily and weekly volumes. 

Despite having a more advantageous fee structure, LooksRare & X2Y2 are still behind OpenSea. However, they are slowly gaining ground.

NFT trends in Q2 2022

It looks like the Play-to-Earn (P2E) games are gaining more popularity, and we can see it in the NFT trends. 

Some of the most traded in-game NFT assets are Stepn’s shoes (move to earn game), GoblinTown, and Art Blocks. 

It’s also important to note that Solana has been reducing Ethereum’s NFT share. It will be interesting to see if this momentum can last long-term.

Some of the rising NFT projects on Solana include OkayBears, Trippin’ Ape Tribe, and DeGods. 

Ukraine Sells War Snapshots as NFTs

Ukraine Sells War Snapshots as NFTs

by | Mar 28, 2022 | News, NFTs

In an age of blockchain and crypto, the physical war in Ukraine could be funded by NFTs. Ukraine’s Minister of Digital Transformation announced an NFT collection to illustrate the chronological events of the conflict between Russia and Ukraine. 

The government of Ukraine is selling non-fungible tokens (NFTs) to ensure that all the facts and events of the war between Russia and Ukraine will not be forgotten over time. All the funds collected will be used to support the army and civilians in the atrocious war.

Ukraine’s invasion 

On February 24th, 2022, Russia started to invade Ukraine. The entire world was in shock, including Russian citizens. Nobody ever believed that the threats of the Russian president, Vladimir Putin, would ever come to ve true. We were all wrong. 

Ukraine’s invasion has been going on for more than a month now, and the end of the aggression is nowhere in sight. 

While the officials of the two sides continue to meet for face-to-face talks in the pursuit to end the war, the population is either defending the country or fleeing. 

Since the first week of the invasion, the Kyiv government has started to accept cryptocurrency donations, which were plentiful, especially from famous personalities within the tech and crypto space. 

The crypto donations also proved to be a reliable financial market during these uncertain times. The Bitcoin price went up as sanctions poured in and the Russian economy started to collapse. 

Meta History: Museum of War

The NFT collection displaying the terrible facts of the war between the two countries has been announced with a Twitter post by Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation.  

Ukraine’s minister claimed that while Russia uses tanks to destroy Ukraine’s infrastructure, Ukraine relies on revolutionary blockchain tech to help rebuild it.

The Museum of War is a collection that combines non-fungible tokens (NFTs) registered on blockchain with news items. Each item of the collection is a reminder of an important event of the war and uses a unique illustration. 

The NFT launch replaces an earlier plan that would have allowed tokens to be airdropped to anyone who donated cryptocurrency to Ukraine. However, the government decided to not do the airdrop. There is currently no plan to give prior donors an advantage in selling the new NFTs.

Both countries have used cryptocurrency to bypass local currency restrictions and capitalise on the hype around cryptocurrency to solicit donations. Some claim that the Ukrainian government raised $54 million in cryptocurrency through donations.

Ukraine Sells War Snapshots as NFTs

Writing history into the collective memory of the digital age

According to the online museum, these tokens aim to preserve the memories of those events. They are created with the sole scope to share truthful information with the entire world and help continue receiving donations for Ukraine’s support.

The virtual museum platform presents the collection as a chronological record of all events in recent Ukrainian history. The NFTs are factual statements accompanied by personal reflections. Each NFT has a simple formula: each token is an actual news piece from an official source and an illustration from international artists.

At the moment, there are 54 NFTs available, which cover the first three days of the war between Russia and Ukraine. The NFT collection of the war in Ukraine starts with Russia’s announcement to launch a special military operation in Donbas. 

The collection is currently unreleased but can be seen on the project’s official website. The sale is expected to start at the beginning of April 2022. 

The NFT collection is being launched in collaboration with Fair.xyz, a blockchain company that provides the NFT sales platform.

Supporters can also choose to donate Ether (ETH) directly on the page of the project – Museum of War. 

The Gaming Industry Is Evolving Thanks to Blockchain Technology

The Gaming Industry Is Evolving Thanks to Blockchain Technology

by | Jan 25, 2022 | Blockchain Games

Blockchain supports many aspects of our modern life, and it has already proven to take the gaming industry to the next level. 

Since personal computers became a regular item in households, computer games started to earn their place as an entertainment option in the 20th century. The first goal was to provide fantasy worlds for players to escape their daily routine. Games began to compete with traditional entertainments such as movies, theatre performances, circuses and zoos for players’ attention very quickly.

As the planet’s population keeps growing, it is forecasted the world’s population will surpass the 8 billion milestone by 2023, according to Worldometer. By then, we can safely assume that gaming will become a part of everyday life and that gamers will represent a large portion of the total population. 

It is not surprising that the boundaries between media, games, sports, and communication are slowly disappearing. This creates new business partnerships and leads to more mergers and acquisitions all over the globe.

Second Life, a virtual game universe, was a pioneering attempt to create a portal into the metaverse. The game features its own virtual currency. Many players in different countries gave up their jobs to devote 100% of their time and effort to the virtual world.

Blockchain technology has reached millions while the NFT craze took off in 2021. However, this is just the beginning and there’re more use cases for blockchain, that we’ll likely hear more about it in the near future. 

One of the first and main use cases for blockchain that the industry has embraced is ownership of digital items. As the internet evolved, there was a huge need for detecting fraudulent digital items and keeping track of your own digital creations, or digital acquired goods. 

But how is blockchain being used in transforming the gaming industry and what are the blockchain gaming models used today? 

The gaming industry today

According to Newzoo, the worldwide gaming revenue reach about $180.3 billion in 2021 and the total number of gamers was about 3.2 billion. These numbers represent a 20% increase compared to 2019 before the pandemic started. 

Most of the revenue is generated by digital distribution channels. The main growth engine of the games industry is mobile games, which have a market value of $93.2 billion.

Over the last five years, the game development industry has undergone a significant transformation. Even smaller studios can now create games for the global marketplace thanks to the development of digital distribution platforms and mobile app stores.

China is the largest region when it comes to gaming revenue and it accounts for over a quarter of all sales. And if we were to look for the region with the higher profits and fastest-growing rate, we would look at the Asia-Pacific region, where we’ll find 55% of all players.

But the feature is here and the gaming industry will be heavily influenced by the latest technology developments. Market leaders are embracing new technologies such as blockchain and virtual reality (VR), artificial intelligence (AI), and virtual reality (VR). Numerous blockchain-enabled gaming apps have been developed in recent years. This will lead to a significant increase in the market’s potential growth by 2022.

The Gaming Industry Is Evolving Thanks to Blockchain Technology

How has the gaming industry evolved in the past few years?

The gaming industry can only thrive as long as the gamers are happy. And when the gamers keep increasing in numbers, the leading companies need to really listen to what they have to say. That’s why we’re starting to see two gaming models emerge from the market. 

Pay-to-Play (P2P) gaming model

From the 1970s to the 2000s, pay-to-play (P2P) was the most popular business model in the games industry. This model allows developers and publishers to generate revenue from game sales, and sometimes subscriptions. In-game advertisements were rare and that kept the gamers happy.

However, this model leaves players with little to no chance of extracting any value from games. The only thing that matters is the enjoyment and satisfaction they get from playing the game. But once the game is finished, or let’s say, it gets replaced with the latest version, all progress get deleted and the gamers have to start all over again.

Free-to-Play (F2P) gaming model

The free-to-play (F2P) gaming model gained popularity in the 2000s and 2010s and, in the beginning, it was viewed as a bad business model by some gaming companies. 

It was believed that the F2P model could not only have the effect of generating low revenues for some games, but that it could bring the entire gaming industry to the ground. However, time has proven quite the opposite and the F2P model build an entirely new world for gamers to live in.

Free-to-play games are the type of games that require no up-front payment from gamers. However, the F2P model allows players to purchase in-game items and upgrade their characters within the game. Ads make up the majority of the revenue for gaming studios. Streaming and e-sports are monetization tools for players. At the same time, there are specialised tournaments where elite players can also receive rewards. An entire industry was born from the F2P model.

Fortnite is a perfect example of the success of free-to-play business models. Fortnite, which was launched in July 2017, generated more than $5 billion in revenue in its first year. Its user base grew to 80 million monthly active users by 2018.

Many of these games are now experimenting with the blockchain technology and new games are launched every year. Many of the metaverse games we see today try to incorporate blockchain-based economies to incentivise players to participate in their tasks and keep track of their digital assets.

One remarkable game, that aims to remain F2P is FootballCoin, a fantasy football game, that many European football enthusiasts love to play. It’s not only free to play, but the game is built on a free-to-earn model, which enables players to buy NFTs in the game, with their crypto earnings. Of course, gamers are free to take those crypto earnings and exchange them for any fiat currency, using a cryptocurrency exchange. 

Play-to-Earn (P2E) gaming model

The play-to earn (P2E) model is exactly as its name implies: It allows users to play and earn tokens. Because it combines entertainment and reward, this model is a powerful psychological incentive.

The main concept behind the P2E games is that players get rewarded for putting in more effort and time into the game. This creates value for them, other game participants, as well as for developers. In exchange for their participation, they receive digital assets that can appreciate in value over time.

Noting that blockchain technology has been used in such assets has caused scarcity in digital assets in games. These can take the form of NFTs and represent any character, from CryptoKitties kittens to cryptocurrencies like Bitcoin and Ether.

Many of the popular metaverse games are actually functioning on a play-to-earn gaming model, and aim to encourage gamers to purchase popular NFTs to join the game. This model gives a true utility to NFTs but can be discouraging for new gamers, that do not afford to invest in a game. The bright side of these NFTs games is that gamers are free to sell their NFTs and in-game assets. This way, they don’t lose the funds invested to play the game.

What’s the best blockchain gaming model?

These gaming models exist because the gaming community wants them and accepts them. As long as there is a demand for a game or a particular gaming model, there will always be a company looking to serve that need. And since we have all these new blockchain gaming models to serve us, why not take the industry to the next level. 

Free or not, gamers want to own their digital items, and blockchain helps them get it. 

Best NFTs to Invest In: Why FootballCoin NFTs Are the Best Choice

Best NFTs to Invest In: Why FootballCoin NFTs Are the Best Choice

by | Oct 28, 2021 | Blockchain Games, NFTs

What are the best NFTs to invest in right now? With the rise of NFT projects and the wider awareness that the world of blockchain technology has known over the past years, investors are turning their attention towards the transparency of digital assets. 

In this article, you’ll discover the best NFTs tokens to invest in and how you can buy NFT crypto. 

Is Investing in NFTs Worth It?

Now that you’re started to learn about cryptocurrency and digital assets, you know there is an entire ecosystem in the blockchain industry. I’m guessing you’re here because you’ve heard from your friends all about NFTs. 

The internet has been talking relentlessly about NFTs since the beginning of 2021. Some gurus pretend to know everything about NFT investment and that NFTs increased their wealth. After a quick search, you’ve discovered an entire world of digital tokens and assets, and you wonder how can you benefit from it? What are the best NFTs to invest in?

First of all, let’s make sure you understand what an NFT is and how does it work.

What Is an NFT?

By definition, NFT is a Non-Fungible Token. 

Basically, this means that no two tokens are the same nor that they can be interchanged. But what are fungible assets? Bitcoin, for instance, is a fungible token. If you trade one Bitcoin for another, you have the same thing and same value.

NFTs are used to certify ownership of digital assets, and they are registered on a blockchain, which is a public digital ledger that anyone can check. 

For instance, if you sell a Bitcoin today and tomorrow you get a Bitcoin back, you have the same value in Bitcoin, although it might not be the exact same Bitcoin. In the case of NFTs, each token is unique, and can only have a single owner at a moment in time.

An NFT can be anything that can be stored digitally, such as a drawing, a collectable card, a song, a Tweet and more. There are many NFT marketplaces that offer a wide variety of non-fungible tokens, such as OpenSea. 

Investing in NFTs

The NFT movement started as a way to collect digital art. 

Think of it like this. Millions of people over the internet can admire a unique piece of art, but only one person has ownership of it. When it comes to digital art, owning it as an NFT is the only way to ensure you are the true owner of it. 

But today, NFTs are also a means of investment in digital assets, that might increase in price in the future. 

Just like physical assets, An NFT is a digital asset that can be an investment. You can decide to keep it for as long as you like and can opt for a big exit if the right price tag comes along. 

NFTs investments should be done in an industry you are familiar with. 

If you’re an art expert, go for digital art which you might later resell (and support the artist at the same time). Selling NFTs is a huge income stream for some investors, but you should also be aware that values might not fluctuate that much in the future. 

If you’re still yearning after your childhood collectable cards, then go with that. 

Knowing and understanding the ecosystem of that NFT will help you gain a profit from your investment. 

Or you can get lucky, like the person who sold a CryptoKitty collectable card for $172,000.

At the time of writing this article, the most expensive NFT ever sold is Beeple’s First 5000 Days. It was sold on March 11, 2021, by the Christie’s Auction house, for $69.3 million.

How to Invest In NFTs

Although the digital drawing of a kitten seems like an impossible thing to achieve for profit, that was an NFTs trade. And it proved that games with NFTs are a surprising but legit investment.

Many NFT marketplaces offer you the option to buy an NFT, sell or even create them. You can use online marketplaces such as OpenSea or Rarible for buying NFTs and digital art. You can think of NFTs as stocks to buy that may increase in value in the future and generate income when you sell them. 

Gamers and card collectors should look at blockchain games that offer top NFTs to invest in, such as FootballCoin. Buying and selling NFTs can be easily done on the in-game NFT market. 

Why FootballCoin NFTs Are the Best Choice

What Is FootballCoin?

FootballCoin is a fantasy football blockchain game. 

The entire ecosystem is based on the game’s own cryptocurrency, XFC, which can be earned while playing the game for free. If you’re looking for the best cheap crypto to invest in, learn more about the economics of the game and how to get XFC, as the game continues to improve year after year. Regular players earn a monthly income from the game.

But what makes the game stand out is its unique approach to fantasy football, by providing NFTs which can be used in the game, or kept in your wallet as a long term investment. These are the best assets to invest in, in a card collectable blockchain game.

In FootballCoin, a non-fungible token or an NFT comes in the form of collectable cards with football players and stadium cards. All of these are registered on the blockchain and come in limited supply. 

As a fantasy football game, players can use the NFT football cards to join competitions in the game. As a player, you can also create your own competition, if you have a stadium NFT card to play on. 

Note that not all football player cards are NFTs. Less known football players still have a card, but they are free and don’t come in limited supply. Those free cards can be used by anyone to create a fantasy football team in FootballCoin. That’s why the game is free to play. 

More famous players such as Christiano Ronaldo or Lionel Messi have an NFT card. Because of that, if you own their card, you can only use it once at a particular moment in time. If you decide to use your NFT in the game, then you can only use Ronaldo or Messi once, in a contest. After the contest is over, the NFT card is available for use again. 

NFTs Generate Daily Income

Fantasy football fans will love the concept of the game, but others might find it too complicated to start investing in NFTs. 

Trying to understand the mechanics of FootballCoin can be overwhelming, but investing in NFTs is not. One of the most undervalued aspects of the game is the NFTs market and the perspective of owning FootballCoin NFT cards as a long investment. 

Even as a complete foreigner to the world of fantasy football, with a little bit of research, you can invest in the right NFTs and earn a daily income by either playing the game or leasing the NFTs. We recommend you can follow their social media for regular tips on how to play the game.

Football Player Cards NFTs

The main two NFTs you can own in FootballCoin are football player cards and stadium cards. 

Football player NFTs have clearly marked as 3, 4 or 5-star cards. These all come in limited supply. Here’s a more detailed explanation of the NFTs distribution in FootballCoin. 

How can NFT football player cards be used in FootballCoin?

FootballCoin’s NFTs can be used to:

  • Participate in daily fantasy contests, 
  • Leased to other players to use them in the contents or 
  • Can be sold. 

If you decide to lease your NFTs, you can set your price in the game’s cryptocurrency, XFC. 

If there is demand for your NFT card, someone will probably lease it and pay you the asked amount. After the contest is over, you get the NFT back in your wallet, and you can repeat the process for each one of your NFTs. 

Unlike participating in the daily fantasy contents, leasing is more advantageous and it can bring you a predictable income. That’s why FootballCoin NFTs are the best NFTs to invest in. 

After you understand what NFT card players are in high demand and play more often, it’s easy. It’s more of a market game than it is a football skill game. That’s where your real-world knowledge about European football will help you devise investment strategies for buying and selling NFTs. 

Football player NFTs can be bought from other players, using the in-game market, or directly from the game, in packages of 3, 4 or 5 NFTs. 

Given the real-life performance of a given player, the corresponding FootballCoin NFT can experience a significant increase in value over time. 

Stadium Cards NFTs

Stadium cards in FootballCoin are the second type of NFTs available for investment. While these are more pricey than the others, stadium NFTs allow you to organize private contests in the game. 

The owner of the stadium gets a share of the total value of the prize, as follows:

  • 3-Star stadium NFT rewards you with 3% of the total prize
  • 4-Star stadium NFT rewards you with 4% of the total prize
  • 5-Star stadium NFT rewards you with 5% of the total prize

Stadium NFTs also come in limited supply and can be bought and traded. 

Transaction fees

FootballCoin does not have any transaction fees on the platform. 

Trading football players and stadium NFTs can be done easily from the market section of the game. 

Note that all NFTs can be owned indefinitely, without paying any fees in the game. However, FootballCoin NFTs can only be traded in the game, using the market section. 

Trading the game’s cryptocurrency, XFC, on third-party crypto exchanges can be subject to transaction fees. 

Are NFTs the right investment?

NFTs, or non-fungible tokens, are a secure way to ensure ownership over a digital asset. Especially digital art collectors see NFT investments as a good investment. Owning an NFT creates value for the item. Physical art can also be tokenised and this process can help eliminate duplicates, while also determining the clear owner of that piece of art.

Best Way to Earn free Cryptocurrency and Free NFTs

Best Way to Earn free Cryptocurrency and Free NFTs

by | Oct 28, 2021 | Cryptocurrency, NFTs

What is the best way to earn free cryptocurrency and free NFTs? We’ve all heard of airdrops and signup bonuses, as a way to earn cryptocurrency, but none of these methods gives you a significant amount of crypto to actually do something with it. 

After some in-depth research of the current ways to earn free crypto, we can recommend a platform that doesn’t require any initial investment. 

How to earn free cryptocurrency and free NFTs? Continue reading to discover how you, too, can make a monthly income from crypto and start earning. 

Old Strategy to Earn Free Crypto 

Giving away free crypto as a reward for performing an action has been one of the main drivers for adoption at the beginning of the crypto era. 

Some of these methods are still used today, and anyone can use them to get free crypto. What are the old strategies you can still use to earn crypto and bitcoin rewards?

Crypto Giveaways

Just like traditional giveaways, crypto companies will sometimes organise a giveaway for their users to create awareness around their coin. 

Most of these crypto giveaways will have specific rules to follow that may differ from one giveaway to another and in return, participants may earn cryptocurrency. 

An example would be when an exchange when it lists a new coin on its platform. 

That’s when they need more users and publicity to spike up the volume. By organising a giveaway, they ask users to share the news on social media, follow them on their socials, and sign up for a new account. 

The prizes are incredibly enticing for new crypto enthusiasts, but the competition is also high. 

Beware of the many giveaway scams on social media. Most of these scams require participants to send a specific amount of crypto to a given address. Don’t do it. You’ll lose your crypto. 

Crypto Coins Airdrops

Usually, new cryptocurrency projects perform airdrops. 

They give their cryptocurrency to new users in exchange for a small task, such as a share on social media. 

Airdrops allow people to obtain free crypto and to become investors while the company gets free publicity and creates awareness around its product. Airdrops may also help users start learning about crypto and their project. 

Signup Bonus

Platforms such as Coinbase and eToro are offering signup bonuses in crypto for new users. 

The bonus is often received after a specific condition has been fulfilled, such as taking a quiz about a new cryptocurrency or deposing a specific amount of cash in your exchange wallet. 

Note that some platforms ask for ID verification, and then they report back to the fiscal entities. 

Crypto Stacking

Stacking is a way to support the security and operations of a blockchain by locking your funds in for some time and receiving rewards for it. Staking is one of the safest ways to generate a passive income from your crypto funds.  It is much safer than crypto trading, although the rewards may be smaller. 

Some platforms allow users to stack crypto directly from their crypto wallets, such as Trust Wallet. Exchanges also offer the option to stake your tokens by keeping the coins in the exchange wallet. PancakeSwap is famous for this practice.

Users who participate in staking contribute to the consensus mechanism of the blockchain by facilitating the Proof of Stake (PoS). 

Unlike the Proof of Work used by Bitcoin’s blockchain, the PoS algorithm randomly chooses one of the staking participants to validate the next block.

Earn Xfc for Free Using Your Football Knowledge

Earning free crypto is awesome, but you need to signup to many different platforms to collect all the small bonuses.  

What all of the ways mentioned above to get free cryptocurrency have in common is that you only get the bonus once, and after that, you need to trade or perform other actions that require you to spend money. 

In this case, what’s the best way to get free cryptocurrency for an indefinite time?

We found a platform that rewards users with free cryptocurrency for staying active, and it doesn’t require you to spend any money. 

It’s a fantasy football game on blockchain called FootballCoin. 

Yes, you will need to know a thing or two about football, but you might get lucky anyway. 

The win the game’s cryptocurrency, XFC, you need to create a valuable football squad. 

Unlike real life, fantasy football gets really fun when choosing the lucky combination of 11 players.  

What Is Fantasy Football?

The players from real football games all have collectable football cards in the game. According to their real-life performance, they get a score in the fantasy football game. 

In FootballCoin, more points equal a higher chance of winning XFC prizes in the daily fantasy football contests. 

That’s why you need to be intentional when choosing your team in fantasy football. The better the players play in real life, the better for your fantasy football team. 

Daily Contest in Footballcoin

FootballCoin organises daily contests for the main European football leagues and tournaments. It also features the North American MLS league and the Chinese league CSL. 

Contests in FootballCoin reflect the games played in real life. 

FootballCoin players are called managers. The managers can choose the football players in their fantasy football team based on those playing in real life, in those particular football games.

The contests are free to join and have substantial prices in the game’s cryptocurrency, XFC. 

The game’s mechanics also allow users to create their own contests, for which they can charge a participation fee. These are called private contests and are fun to play within a group of friends passionate about football. 

Play for Free and Win Crypto

One of the best ways to earn bitcoin and free cryptocurrency is by joining a free blockchain game. What sets apart FootballCoin from other blockchain games is the free-to-play feature. 

It’s free to set up an account. And it is free to play. There are free daily contests that anyone can join to win real crypto. 

The free daily contests in FootballCoin are tournaments. There are two kinds of tournaments. The Double Up tournaments reward the first half of the ranking managers. The Top 30% tournaments reward the top 30% of managers. 

After a contest is finished and all, the rankings are calculated according to the scoring system. The players from the contest are rewarded automatically with XFC, depending on their rank in the contest. 

The free cryptocurrency is deposited automatically in your FootballCoin wallet, and you are free to use it however you want. 

You can choose to invest in the game, get more NFT digital assets in the game, or you can simply send it to one of the crypto exchanges that accept XFC and trade it. 

How to Get Free NFTS

By now, most crypto enthusiasts have been talking about and investing in non-fungible tokens and some big names in the industry have talked about acquiring NFT collections. 

It’s important to note that FootballCoin supports non-fungible tokens (NFTs). In fact, its market for football player cards is actually an NFT marketplace. 

NFT marketplaces are where the cards can be traded. In the FootballCoin market, the game’s users are able to freely buy, sell and lease non-fungible tokens and grow their NFT collections. 

Furthermore, the player card tokens can be easily exchanged for another card, for a small fee. In this way, the game guarantees that users will always have cards that can be used in the game. 

Assuming you start right now playing FootballCoin with a new account, you will get free crypto if you join the free daily contests. According to your real football knowledge, you will be able to create better fantasy football teams for free. 

These teams that perform well will allow you to get the game’s crypto, XFC. You can later use that crypto to buy the game’s NFTs. 

In FootballCoin, there are two different kinds of NFTs. 

You can get football player NFT cards, which are usually for more famous players, such as Christiano Ronaldo. Having these cards will eventually help you rank better in the tournaments and earn even more XFC. 

The other kind of NFT is the stadium card. These can be used to create your private contest, and you can earn a passive income from the fees that managers pay to join your contest. 

By definition, NFTs come in limited supply and are often called collectable cards in the game.

While NFTs are a good way to store value and generate more income in FootballCoin, they are not required to play. However, it’s nice to know that you can buy them if you perform well in the free contests without investing your money. 

No Investment Required

FootballCoin doesn’t require any investment to play or to win in the game. 

Unlike the famous mobile games that are pay-to-win, which sell worthless assets, in FootballCoin, you own everything you collect and win. 

The game has many different assets that might help you advance and earn even more crypto, but no investment is required. 

Most players start with nothing, and after a few months, are able to trade or sell their assets for a profit. 

It’s important to point out that regular players get a monthly income from the game without an initial investment.