Etherpoly provides a decentralized gaming service, where virtual tokens are generated, based on characteristics of real cities. City tokens run on the ERC-720 standard. Moreover, the game also implements its own virtual currency, based on the independent ERC-20 token, used as the currency for the game's economy.
Description of the Etherpoly project
Etherpoly — a fully decentralized game that combines the use of two sets of tokens. POLY, the first set, is standard ERC721 tokens, virtual cities that users can freely purchase, upgrade and exchange. OLY, the second set, based on standard ERC20 tokens, is a monetary system and reflects the economics of the game. By purchasing POLY virtual city tokens, users begin to receive regular OLY income - based on an algorithm that takes into account the properties of the city - until the user sells or transfers the POLY token.
Etherpoly uses OLY, its own cryptocurrency. Virtual cities generate passive income for OLY and can be improved in several ways. You can use OLY to purchase new cities for which the OLY price has been set.
Why should you trust this project:
| Increase in value | The number of tokens is limited as the countries are hard-coded in the contract. By upgrading your cities, you significantly increase their income in the Oly cryptocurrency. |
| Update your cities | By building houses, hotels, offices or factories, you can increase the income of cities. Each update has its own benefits. Choose wisely what will bring you the most profit. |
| Freely tradable cities | You can buy or exchange cities for ETH or OLY (in-game currency). In line with the ERC 721 token standards, you can move your cities freely as well. |
After confirming the transaction, the city will become yours, and you will immediately start earning your cryptocurrency and will be able to build improvements and transfer or sell your city. NFTs will belong to your wallet address as ERC721 tokens. They can be sold on Etherpoly at a price of your choice, Eth or Oly.
More about new nft games
The WhitePaper document is available on the site. It contains general information, working rules and much more. Thus, each new participant can explore an nft site.
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