BNB Ragnarok - A P2E Game Leveraging NFT and Staking Features
NFT games are available in various styles and genres, making it difficult to choose which one to play. Casual monster-raising RPGs are available alongside complex strategic sims.
These games differ from conventional experiences in that objects gained or purchased may be sold or exchanged for real money.
BNB Ragnarok, a new initiative trying to utilize NFTs and passive crypto revenue, is the subject of today's review.
BNB Ragnarok – The Project’s Profile
A new P2E (or “Play-to-Earn”) game, BNB Ragnarok, is coming shortly to the blockchain market. The project's creators say that it will include an ever-evolving universe with the chance of earning $BNB and $ZENY.
The project has recently released a beta version of its platform, which anyone can access. While we believe experience is the best teacher, we plan to review the main aspects of this new initiative in our article.
Joining BNB Ragnarok
If you wish to enter this project’s ecosystem, you will need to follow three steps:
- Make sure you have a wallet that is compatible with the BNB Chain.
- Check that you have enough $BNB in your wallet to pay the gas fees of the system.
- Mint your character as an NFT and enter the P2E game.
The team offered a 5% payout in $ZENY through the Game Ecosystem's referral mechanism.
How to Play
The game allows thousands of players to participate, with a maximum number of heroes set to 50,000. Once you mint your hero, you will see its rarity level (e.g., “Common,” “Rare,” “Epic,” etc.). At this stage, we already know that minting a hero will require spending 0.3 $BNB and that it will be possible to use the project’s token too.
In the dedicated section of our review, we will have time to talk about $ZENY, BNB Ragnarok’s native token. For the time being, just think of it like the in-game currency of the project.
In simple terms, BNB Ragnarok will let players access the game under two modes:
- PvP (“Player vs. Player”): You may compete with your friends and other gamers with this feature. The stats and equipment you equip your character with, together with your overall plan, will decide whether or not you succeed.
- PvE (“Player vs. Environment”): Using your knowledge of the game's mechanics, you must devise a strategy to overcome your opponents and win the game.
The team plans to integrate the gameplay with other features, such as creating weekly events to fight particularly strong opponents. In a future phase, the developers should also release a staking mechanism to increase the amount of $ZENY in a wallet. Another expected feature should enable gamers to merge NFTs and obtain a stronger hero for their adventure.
Auto-Staking Feature
Each new crypto project uses its creativity to motivate gamers to commit to the initiative in the long term. In the case of BNB Ragnarok, the core feature aiming to achieve this result is, probably, the auto-staking mechanism.
We all know staking is a popular strategy in the blockchain industry to collect the passive crypto income. BNB Ragnarok employs this mechanism and promises to distribute staking rewards every 15 minutes with an automatic re-staking procedure.
Speaking of rewards, the team wishes to add the distribution of 2% of all trading fees to its community. The project's whitepaper explains that such a mechanism would run through the transfer of $BUSD reflections to token holders.
The $ZENY Token: What Do We Know?
$ZENY is a new BNB Chain coin with a maximum supply of 100 million samples. When the team launches it, $ZENY will only have a circulating supply equal to 325,000 tokens, distributed as follows:
- The vast majority (80%) of the tokens will go to the liquidity and presale funds.
- 10% of the tokens will fund the P2E/staking systems.
- The remaining 10% will be divided between the private sale round (5%) and the token burning mechanism (5%).
As the team promised, everyone holding $ZENY will have governance rights over the project’s future. Token holders will be able to vote on the course of the game’s narrative.
Each transaction will come with the application of an internal fee (18% on sales and 16% on purchases). A higher tax on sales is a standard anti-dump policy that aims to repel short-term speculators and protect long-term investors in a crypto project.
For both taxes, the proceeds will fund the reward pool (8%), the $BUSD prizes (2%), and the auto-liquidity engine (1%). Furthermore, 1% of the proceeds will go to a burning wallet to induce deflation in the ecosystem. Finally, the treasury fund will receive different tokens from sales and purchases taxes (respectively, 4% and 2%).
The Team’s Roadmap
The team dedicated the last quarter of 2021 to performing the necessary market research before its launch. The developers started working on the BNB Ragnarok’s ecosystem at the beginning of 2022, and the team expects to complete the following milestones:
- Audit & KYC of the project.
- Presale round of $ZENY through PinkSale.
- Listing of $ZENY on PancakeSwap.
- Listing of the native token on CoinMarketCap and CoinGecko.
- Engagement of Certik for smart contracts audit.
- Launch of new features for the NFT Heroes of the game.
- Creation of marketing campaigns to increase the project’s online community size.
- Completion of the PvP system.
BNB Ragnarok – Our Conclusions
As summarized in our review, BNB Ragnarok’s team has made its goals and ambitions very clear. The release of a dual game system (PvE and PvP) may attract gamers, and crypto enthusiasts will judge the project’s tokenomics.
The
official website and social media channels of BNB Ragnarok will help the team announce future developments to the community.
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