Defina Finance price

FINA

#2340

Defina Finance was launched by Charles Cheng, a San Francisco-based blockchain startup investor, self-proclaimed GameFi believer and BTC miner. Cheng has extensive work experience in the gaming industry, with stints as Senior Finance Advisor at Sledgehammer Games and Investment Specialist at Red Ventures. Before he spent over ten years in the gaming industry, he worked for five years at Dell.

Defina Finance has raised $675,000 in three funding rounds, with the most notable investors being Huobi Capital, the VC arm of the Huobi exchange, and OKEx Blockdream Ventures. Another notable project that partnered with Defina is Roseon Finance, a crypto finance app.

Defina Finance sets itself apart by providing players with an extensive array of different gameplay modes, factions to choose from, and missions to complete every day.

Currently, there are three modes available in Defina Finance. In the Adventure Mode, players follow player-versus-environment-based gameplay, where they need to assemble a team to fight computer-controlled mobs, thereby unlocking different chapters. For successfully completing chapters, players receive experience points and are rewarded with FINA, the utility token of the game.

In the Mining Mode, players conquer and occupy a mining pool to mine FINA. The stronger a player's hero, the more lucrative the pool they can enter. Players can earn more FINA by mining several mines simultaneously.

In the Arena Mode, players can engage in player-versus-player matches and battle other players for FINA. Each player has an attack and defense team and is matched up with an opponent based on an ELO-type matchmaking system. The top 150 players on the leaderboard are rewarded with FINA every 45 days.

Defina also has a Squid Game Mode in development, a Last Man Standing-type of gameplay mode, where players will compete in daily battles for a prize pool.

To start the game, players mint a hero that is part of one of the four factions (Prometheus Fire, Ouroboros, Thoth's Book, Athena's Aegis). Each hero is a unique BEP721-token, with different probability distributions for different grades and levels. Players can also own multiple heroes from the same faction, which will provide them with a bonus. Every day, they can earn FINA by completing a list of daily missions:

• Win two to four PVP matches in the arena;
• Complete five to ten adventure modes;
• Conquer three PVP mines.

FINA is the game's governance and utility token and can be used for:

• Rewards and incentives in the game
• To buy mystery boxes to mint heroes
• To purchase in-game assets
• To enhance heroes through "Rebirth" and "Resonance"
• To stake and yield farm in the battle pools

The total supply of FINA is 100 million, distributed as follows:

• Seed (10%): 8.33% on TGE, linear vesting over 11 months.
• Private (12.5%): 10% on TGE, linear vesting over nine months.
• IDO (1.25%): 50% on TGE, 50% after one month.
• Marketing (4.75%)
• Team (10%): 12-months lock, linear vesting over 12 months.
• Liquidity (5%)
• Community Rewards (6.5%): used for rewarding community contributors.
• In-game rewards (50%): gradually released.

FINA is a BEP-20 token on the Binance Smart Chain. The FINA smart contracts were audited by TrustLook, and no critical security issues were found. A total of 474,341 $Defina-BUSD LP is locked for 12 months from October 2021 to provide liquidity.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

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