Kaby Arena price

KABY

#2201

Kaby Arena was developed by Ziga gaming arena, which was established in 2014. Games by Ziga have seen a million monthly active users and 300,000 monthly. \ \ The founders of Kaby Arena are Nhan Bui and Anh Phan. CEO Nhan Bui was a former IT lead at RMIT, and has ten years in virtual collectible trading. COO Anh Phan has a phD from Japan’s Nara Institute of Science and Technology, with five years of experience in AI and data science. Both founders come from competitive gaming backgrounds.

The Kaby Arena team has a total of six members.

Kaby Arena is unique in that it aims to solve the issues that plague regular NFT games — that of a low player base, a result of high cost required for a player to begin taking part in the tournaments.

This high cost of introduction results in regular players unable to join and only seasoned gamers being able to break the cost barrier, which KABY aims to solve by minimising the high entry cost of the game, such as by making the game free to play and by introducing anti-scripting measures to disallow bots and remove such accounts.

Several ways Kaby Arena uses to make its games more attractive include emphasising the competitiveness factor, firstly by using a matchmaking algorithm to ensure players get fair fights with those of similar levels and ultimately creating fair game play.

Next, regular tournaments are held every week, month, quarter and year with attractive prizes to be won to incentivise gamers to stay active. \ \ Finally, Kaby Arena allows for the combination of powerful heroes to create a new offspring with inherited traits to counter overly powerful heroes, again ensuring fair game play. \ \ Beyond being linked to online games and letting players earn money through gaming, Kaby Arena also allows users to lease their assets, allowing users to generate income. Those who choose to rent NFTs can also surpass the barrier of high cost of owning their own NFTs. To smoothen the renting process, rentals can be done with or without collateral, benefitting free-to-play gamers and ensuring easier market entry. \ \ The KABY token has multiple uses both in the game and outside. Within the game, it can be used to exchange for resources or gaming upgrades. The token can also be used to mint NFT, buy or rent NFT assets and also to be staked for interest for passive income.

There are two types of heroes in the Kaby Arena world. Non-NFT heroes are a free reward from the player versus environment (PvE) mode of the game and can be converted to NFT heroes by utilising the KABY token. These NFT heroes are ERC-721 tokens and can be traded on the Kaby Arena marketplace or other NFT markets.

A final unique point of the Kaby Arena is the earlier mentioned links to the cryptocurrency world, where Crypto Wars are held to benefit players with an understanding of how crypto works, and thus onboarding more people onto the crypto world and hence benefitting the entire crypto market as a whole. \ \ Kaby Arena does not stop at just creating games — it allows community-wide participation through the usage of forums to engage users and ensure that everyone has a stake in future game developments, a strategy that promotes game loyalty.

KABY token is a BSC and polygon token.

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 to do so.

Polygon is a(https://coinmarketcap.com/headlines/news/ethereum-layer-2-scaling-solution-optimism-preliminary-mainnet-january-15/)Ethereum Layer 2 solution utilizing a network of proof-of-stake validators for security. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return. In addition, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using checkpoints and fraud-proof mechanisms.

Kaby Arena is listed on several cryptocurrency exchanges. Among them: PancakeSwap (V2), Gate.io, QuickSwap and ZT.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, KABY or any other token in CoinMarketCap education portal — Alexandria.

Take a deep dive into Kaby Arena.

Learn about what play-to-earn is, and the top NFT games in 2021.

Read more about other P2E games: Binemon, My DeFi Pet, MOBOX, CryptoZoon and Guild of Guardians.

Find out more about CryptoBlades versus Axie Infinity, two of the top P2E games.

Learn more about non-fungible tokens (NFTs) in our guide here.

What is web 3.0? Click here and find out.

Visit CoinMarketCap Alexandria to learn everything you need to know about cryptocurrency and more.