Web3 Explained | Free Crypto | Web3 Development
👉 Dormint Twitter: https://twitter.com/Dormint_io
👉 Get your own Binance Account from Here: https://bit.ly/Binance-Register-Now
👉 Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet
🎬Watch our most recent videos:
🔥Best Crypto To Buy Now 🔥 What is DeFi and how it works?👇
🔥Crypto Trading Strategies 🔥 What is defi and how does it work?👇
_____________________________________________________________
Links mentioned in the video:
✅ Best Hardware Wallet (Ledger Nano): https://bit.ly/Ledger-Cold-Wallet
✅ Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet
_____________________________________________________________
Welcome to our Web3 Explained Video!
Modern life comes with novel challenges that test the limits of human nature and self control. Retaining a healthy sleep cycle and avoiding outright body clock abuse is a growing concern amidst a tidal wave of everyday stresses and an increasing amount of literature underpinning the dangers of neglecting the most important part of one’s health and overall immunity.
GameFi (Game Finance) is a new trend that can sugarcoat useful habits that require a strong will to follow through. An exciting innovation in the blockchain space that combines gamification, NFT ownership and DeFi tech to build exciting opportunities for both investors and users alike. Made popular by Play-to-earn crypto games, the space is now rapidly growing with new ways to make the mundane both fun and profitable.
Dormint is the first app that incentivises a user to improve their sleeping habits and profit from them; an engaging ecosystem where healthy sleep is rewarded with tokens that can be used in a variety of ways.
Dormint: Key elements
Pillows
PIllows are the main instrument that allows for earning. Pillows are presented in a form of NFT (Non-fungible tokens). Pillows are like a character in any video game – users level them up, customize, and boost them with additional in-game elements. The higher the level of your Pillow the more DORM tokens you earn.
How to get a Pillow?
The first 10 000 Pillows are preminted and can be obtained on a future sale for enthusiasts that want to become beta-testers and receive additional benefits.
Other Pillows will be generated through the Pillow-Minting Process (PMP). It occurs when players use two Pillows as blueprints to “breed”, thereby creating a Pillow box. For a PMP to begin, these two Pillows must have full durability.
Once a Pillow has been selected, users can click the Mint tab, select the Pillow they would like to “breed” with, and press Mint. Upon receiving the Pillow box , the user can immediately open it.
Once the Pillow box is opened, users get a new Pillow, with the Pillow rarity determined by the Pillow box rarity.
Each Pillow will have a limited number of PMPs. The more PMPs a Pillow has, the more DORM it will cost. The costs of Mint for each Pillow that takes part in PMP are calculated separately.
Each Pillow can be a blueprint for PMP once every limited period, which will be determined after the simulations are finished.
It should also be noticed that the rarity (that is described later) of a Pillow box depends on the rarity of each blueprint used for PMP.
PILLOWS CHARACTERISTICS
Pillows types
We are all unique when it comes to our sleeping habits, and Dormint has come up with a solution that hopes to engage every type of sleeper out there whilst minimising sleep cycle abuse. This means that different Pillows will allow for token generation during specific times of day and up to a limited number of hours. The stricter the rules for a qualifying cycle, the more tokens may be earned.
____________________________________________________________
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Web3 Explained video. Make sure to leave a like on the video if you gained value from it!
#Dormint #Web3 #Crypto #Coin #Bitcoin #Today #BTC #Binance #Ethereum #ETH #Bitcoin #CryptoGuide #crypto #Ether #DigitalCurrency #BestCryptoExchange
👉👉 For Collaboration Contact Us At: collab@crypto-master.org
🔥 🔥 For More Crypto Projects Check Out Our Site: https://crypto-master.org
________________________________________________________________________
⏰Timestamps⏰
00:00 Introduction
00:26 Dormint project summary
10:24 Summary