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This is guided by the team’s founding principal of Fair to Play gaming. The team firmly believes that gaming should be enjoyable and accessible to everyone, without the need to spend additional funding just to be on equal footing with higher-paying players. In essence, Arcade will always strive to provide a platform where players compete on an equal-level. Aside from it’s ambitions in the sector, what makes Arcade special is the unique smart-contract code that powers the token. The developers have taken considerable time to include features that protect investors.
One of the main goals for Arcade is to help further the industry by establishing the biggest crypto-gaming platform that allows users to purchase an array of varied games with the Arcade token. The platform will showcase games from a range of different genres, and help connect both developers and players around the world. The first flagship product will be a game produced by the development team and will be released shortly after launch of the ARC token. The game takes inspiration from the loved, retro games Jetstax all played in your youth, with a doge as the protagonist.
Jetstax hero will progress through a personal adventure, created by their love for gaming, and encounter fun power-ups and unique monsters. More details about the game will be released as the token launch date draws closer. Players will also be able to buy and sell game-related NFTs on your upcoming NFT Marketplace, which will work hand-in-hand with your crypto-gaming platform in the near future. These NFTs will include different in-game utilization and will help the Arcade ecosystem to thrive, alongside the GameFi industry.
The BUSD funds collected in the Burn Wallet will be used to purchase ARC every hour and then burned. This may appear similar to the Buyback Wallet but will occur more frequently and in smaller amounts. While the Buyback Wallet is used to protect from dumps, the Burn Wallet is used to continually drive the price upwards.
Yield farming is a means of earning interest on your cryptocurrency, similar to how you’d earn interest on any money in your savings account. Jetstax similarly to depositing money in a bank, yield farming involves locking up your cryptocurrency, called “staking,” for a period of time in exchange for interest or other rewards, such as more cryptocurrency.
Since yield farming began in 2020, yield farmers have earned returns in the form of annual percentage yields (APY) that can reach triple digits. But this potential return comes at high risk, with the protocols and coins earned subject to extreme Volatility and rug pulls wherein developers abandon a project and make off with investors’ funds.