Re-imagining the Blockchain Gaming Experience with DeFi11

Re-imagining the Blockchain Gaming Experience with DeFi11

Blockchain
September 20, 2021 by Editor's Desk
975
While fantasy sports have become mainstream, the traditional centralized model is still prone to the problems posing risks and inconveniences to players and stakeholders. The most common issues faced by the centralized fantasy sports applications are,  Creation of fake, dummy accounts and winners without a way to verify them. Manipulation of databases and unaccountability of
DeFi 11 Blockchain Gaming Experience

While fantasy sports have become mainstream, the traditional centralized model is still prone to the problems posing risks and inconveniences to players and stakeholders. The most common issues faced by the centralized fantasy sports applications are, 

  • Creation of fake, dummy accounts and winners without a way to verify them.
  • Manipulation of databases and unaccountability of reward pool amounts. 
  • Lack of auditability makes it harder to track the inner workings of the platform.
  • Users have no safety regulations, and their data is not protected. 

 

Luckily, DeFi11 has figured out a decentralized solution for all the problems. DeFi11 is built by Pranav Sanghai, the co-founder of MahaDAO, with several built-in features aimed to improve the fantasy game experience using Defi apps and blockchain technology. 

 

DeFi11 is built on Polygon Network to use its side-scaling solution and low-cost gas fees. The platform has been making a lot of waves in the Defi space, and the platform got recognition from the founder of Polygon, Sandeep Naliwal himself, 

 

“As Fantasy sports, Gaming and NFT craze is booming, here is another @0xPolygon powered DApp @defi_11 which lets you Re-imagine the Blockchain Gaming Experience!”

 

What makes DeFi11 genuinely unique?

DeFi11 is the world’s first Decentralized Finance powered gaming ecosystem built for Fantasy Sports, Sports Prediction, and NFT Virtual Hybrid World. The platform operates as a chain agnostic decentralized mobile application with an in-built smart wallet. 

 

DeFi11 aims to deliver a rich and polished experience to users and offers a variety of products such as,

 

  • Token Swapping
  • Fantasy Sports
  • Prediction Contracts
  • Smart Wallets
  • Staking
  • NFTs
  • Liquidity Pool
  • Rewards and Incentives

 

Using all the products, DeFi11 aims to solve the problems faced by the centralized fantasy gaming platform and offer advantages such as complete Decentralization, maintain User Anonymity, zero Market Manipulation, no-house involved P2P transactions. 

 

DeFi11 recently announced its IDO that will begin on 20th September 2021 at 11 AM UTC, followed by listing on Acendex and QuickSwap DEX. DeFi11 is bringing new facets of transparency, accountability, and security to the inefficient world of fantasy sports. 

 

DeFi11 has seen participation and appreciation from several big names in the crypto world, such as Alphabit, AU21 Capital, A195 Capital, Fomocraft, PhoenixCryptoVC, X21, Minted Labs, etc. Moreover, DeFi11 has partnered with giants such as Polygon, Chainlink, Biconomy, Sheesha Finance, Cometh, Blockchain Alliance, NiftyPays, etc. 

 

DeFi11 is a Defi-powered platform built by a team of dedicated developers, designers, artists, programmers, and innovators with an aim to make gaming platforms fraud-proof and transparent. Since its inception, DeFi11 has already observed 18,500 app downloads and over 40,000 on-chain transactions.