Bit Rivals on Paragen Launchpad
Have you wanted to earn money playing your favorite games? In this article, you will learn about Bit Rivals, a cool new project that may let you do just that!
Bit Rivals is changing the game, bringing together the best of Free-to-Play and Play-to-Earn in a single platform. Through Rival Rewards, players can earn Rival Points, $RIVAL tokens, Rival XP, and Rival Hero and Item NFTs just for playing their favorite games. Rewards are tied to in-game performance, so every takedown, every revive, and every victory helps players earn even more. Players can also upgrade their Rival Hero and Items NFTs to boost their in-game earnings and start earning rewards in $RIVAL tokens.
Lead VC: Ardura Ventures
Market Maker: Kairon Labs
Pool Information
Fundraise Chain: BSC
Total Raise: 100,000 USD
Tier round opens: Jun. 20, 2022 10:00 UTC
Vesting: 15% at TGE, followed by daily linear vesting for 6 months
Token Information
Token Chain: BSC
Token Price: 1 RIVAL = 0.01 USD
Total Supply: 1,000,000,000
Initial Market Cap: $ 311,910
Games compatible with Bit Rivals: Apex Legends, League of Legends, Valorant, Call of Duty Warzone, Counter Strike, PUBG, Dota 2, Fortnite, etc.
The Rival Arena is the heart of Bit Rivals. This zone allows users to create tournaments for the games of their choice and host them either publicly or privately.
The Bit Rivals platform uses 2 types of currency: Rival Points and Rival Tokens. Points are not directly exchangeable for other currencies, can be earned by all players for free, can be used to unlock exclusive NFTs or exchanged for raffle tickets to win real-world products or crypto prize pots. Tokens can be directly exchanged for other currencies, are used to buy Rival NFTs, are earned by players through Rival NFTs, winning raffles, or placing high in tournaments.
Tokenomics
Token Utilities
$RIVAl is used for:
- Tournament entry fees
- Minting NFTs
- Battle prize pots
- Stake/farm for passive income
- Reselling P2E NFTs
- Rewards acceleration
- Buying exclusive NFTs
- Daily P2E rewards
- Reload NFT earning capacity
Holding $RIVAl allows you to:
- Increase daily earning cap
- Earn increased organizer fees
- Earn income through staking/farming
- Unlock exclusive badges
- Increase reward vault capacity
- Unlock exclusive NFTs
- Access exclusive tournaments
Taking into consideration stable market conditions, Bit Rivals may pump when it launches. However with the current bear market, it may not perform as well given the experimental nature of this project. We may cover Bit Rivals once more closer to the launch-date, but at the moment, you may want to skip this one.
You may watch this review here: https://youtu.be/LPLSQgN3Ejg
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