Ethlas is a GameFi Metaverse that offers free-to-play hyper-casual games, cross-IP NFT games, and gamified DeFi products. It was recognized as the “Best NFT/GameFi project” by the Polygon Foundation in December 2021.
Ethlas is a GameFi Metaverse that offers free-to-play hyper-casual games, cross-IP NFT games, and gamified DeFi products. It was recognized as the “Best NFT/GameFi project” by the Polygon Foundation in December 2021. By using MetaMask to log in, players can earn Gems and climb the leaderboard while enjoying a variety of game genres. Ethlas has attracted investment from high-profile executives at companies such as Coinbase, CoinMarketCap, Global Blockchain Innovative Capital, Venturra Capital, and Grab. Ethlas aims to be the go-to aggregator for all Web 3.0 play-to-earn games for both consumers and game studios. The platform plans to offer its XGEM token sale (ongoing), NFT sale, governance token sale, and land sale in the next few months.
Ethlas recently completed the pre-sale of their in-game currency, XGEMs, which was fully sold out within a few hours. However, if you missed out, there is still an opportunity to participate.
- Starting on December 28th, 2021 at 22:00H (UTC+8), you can add liquidity for XGEM<>MATIC on QuickSwap, which is the largest DEX on the native protocol.
- Starting on December 29th, 2021 at 22:00H (UTC+8), you can stake your QuickSwap LP tokens on Ethlas to earn up to 702% APY.
Ethlas is not only offering up to 702% APY to early supporters, but their unique staking mechanism is also aiming to transform the way we perceive staking and NFTs in the future.
The groundbreaking approach to staking employed by Ethlas
One of the most noteworthy aspects of the staking event is the unique staking token called SGEMs (Staked GEMs). SGEMs is an ERC 721 token that combines the characteristics of both a staking contract on the backend and an NFT on the front. Essentially, it serves as three things in one.
(Ethlas Staked GEMs combines 3 different attributes)
When you stake with Ethlas, you receive a unique SGEM ERC 721 token that combines the features of a staking contract and an NFT. The SGEM token functions like a Treasury Bond by offering daily gem coupons as APY, like a TSLA stock by providing upside exposure of a new token backed by Ethlas ecosystem, and like a Crypto Punk NFT with varying rarity tiers, making each SGEM token a collectible that may appreciate in value over time.
However, upon vesting, you have the option to claim your original LP token and all attached GEM rewards, but this will result in the destruction of the NFT and loss of its artwork’s value. Alternatively, you can hold the NFT as a piece of Crypto Punk art or sell it on OpenSea along with the staking contract.
This innovation takes staking and NFTs to a new level, charging SGEM tokens with yield-bearing properties and solidifying a high floor price while trading on OpenSea. For more information on the XGEM sale and staking process, you can read Ethlas’ pro guide.
The public sale and staking event of XGEM
(Stake QuickSwap LP tokens on Ethlas to earn up to 702% APY)
The XGEM pre-sale, which began on December 26 at 22:00H (UTC+8), has sold out 100%. However, there are still ways to get involved.
Starting from December 28 at 22:00H, you can swap MATIC for XGEMs on QuickSwap or add liquidity for the MATIC<>XGEMs liquidity pool on Quickswap and receive a QuickSwap token in return.
Starting from December 29 at 22:00H, you can stake your QuickSwap LP tokens on Ethlas for 6, 13, or 26 weeks and earn up to 702% APY. The longer you stake, the higher the APY. Each stake has a minimum of US $100 and a maximum of $5000 worth of LP tokens. In exchange for staking, you will receive an SGEM NFT across five rarity tiers: common, rare, mythical, legendary, and celestial. Additionally, the first 50 wallets that stake over $2000 USD worth of LP tokens will receive a free Komo egg via airdrop. This is a first-come, first-served offer.
About Ethlas
Ethlas is a metaverse built on the Polygon blockchain, offering a Free-To-Play and Play-To-Earn experience through a variety of games that reward players with GEMs, Ethlas’s primary currency. Its goal is to introduce casual gamers to the world of cryptocurrency and to provide equal opportunities for all users to access crypto finance. The team behind Ethlas has extensive experience working with well-known companies such as Google, Xbox, and Facebook, and the project has garnered support from executives at CoinMarketCap, Coinbase, and Global Blockchain Innovative Capital, among others.
Ethlas Social Channels
Twitter : https://bit.ly/ethlas-twitter-bt
Discord: https://bit.ly/discord-ethlas-bt