tokens Archives - Top Crypto Game

Team shooter Farcana launches staking program with 60% APR

admin — Fri, 27 Sep 2024 12:16:21 +0000

In a bid to turn around its lagging momentum, UAE-based team shooter Farcana has introduced a new FAR token staking program.

Offering 60% APR on staked FAR, the program is one of the highest incentives among current web3 games. But as with a large majority of tokens launched in 2024, FAR has not performed well, down 96% since its February 2024 launch.

“The decline (of FAR) reflects early listing decisions that, while initially driving momentum, highlighted the need for more robust utility within the ecosystem,” commented Farcana founder and CEO Ilman Shazhaev in a post on X.

“Until the game goes live, our token has been predominantly driven by speculation – a model that, while effective in the short term, does not build sustainable growth,” he continued. “That’s why FAR has also underperformed in the current market.”

As a result of releasing its new staking system, FAR has jumped by 24%. It’s also reached number two as the most traded asset on crypto exchange Bybit. Although good news for the project short-term, there’s a larger trend plaguing altcoins more generally, and web3 gaming tokens in particular.

As the following graph shows only six of the top 20 gaming tokens haven’t declined in price during 2024.

This issue was also recently addressed by Animoca Brands chairman Yat Siu, who’s plainly stated that these tokens have failed to gain traction. Despite of – or rather because of – an increasing market cap for altcoins, the sheer number of new tokens in 2024 has “greatly diluted overall attention” for individual altcoins, causing weak price performance.

Siu goes on to suggest that institutional participation, such as in the case of Bitcoin, is imperative for the longevity of these diluted tokens, as it could both increase “trust” and bring in “substantial long-term capital”. A far cry from the speculation-driven trading that’s overshadowed most of crypto gaming tokens so far.

Meanwhile, Shazhaev added, “Staking is just the first step in creating long-term stability and utility for the token.”

“We want our holders to put their tokens to work while we continue to build out the Farcana ecosystem, slowly but surely.”

Users wanting to stake their FAR tokens need to connect their wallet to Polygon, which is also one of Farcana’s seed investors. Among others participating in the $10 million seed round announced at the end of 2023 were Animoca Brands, Fenbushi Capital, and Merit Circle.

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WARNING: CRYPTO COMMUNITY IS IN GRAVE DANGER RIGHT NOW

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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR

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CRYPTO COINS ARE INSANELY CHEAP RIGHT NOW…

EllioTrades — Sat, 31 Aug 2024 13:36:32 +0000

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URGENT: HISTORIC TRUMP CRYPTO PUMP JUST STARTED

EllioTrades — Fri, 02 Aug 2024 10:11:15 +0000

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THE CRYPTO CRASH JUST GOT WORSE (Updated Altcoin + Bitcoin Outlook)

EllioTrades — Sat, 13 Jul 2024 06:55:56 +0000

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FINAL CHANCE FOR BITCOIN BEARS TO END THE BULL MARKET

EllioTrades — Fri, 12 Jul 2024 06:54:49 +0000

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Bitcoin Breakout Confirmed! Best pattern indicate $80K BTC in the next 30 days!

EllioTrades — Wed, 03 Jul 2024 05:40:10 +0000

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CRYPTO IS STILL IN A BULL RUN

EllioTrades — Sun, 30 Jun 2024 04:46:22 +0000

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WARNING: BIDEN WANTS YOUR BITCOIN AND CRYPTO

EllioTrades — Wed, 19 Jun 2024 01:41:57 +0000

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WARNING: 2021 CRYPTO BULL RUN IS REPEATING (Altcoins will 100X)

EllioTrades — Mon, 27 May 2024 21:45:13 +0000

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URGENT: BUY CRYPTO RIGHT NOW OR REMAIN POOR FOREVER! ONLY BUY THESE COINS ALTCOINS!!

EllioTrades — Sun, 26 May 2024 21:37:54 +0000

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CRYPTO DIP BUYERS WILL 50X (Secret Altcoin GEMS for max gains)

EllioTrades — Fri, 03 May 2024 17:20:45 +0000

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I'M BUYING MILLIONS OF CRYPTO!!! This altcoin dip is the best chance to GET RICH

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BEST INVESTOR IN HISTORY MAKES CASE FOR BITCOIN

EllioTrades — Wed, 17 Apr 2024 13:46:37 +0000

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In this video, Ray Dalio, the famed and successful investor, explains how money is broken, how cryptocurrencies can fix it, and why investors should be cautious but still risk manage.

So what does all of this mean for you? If you’re interested in learning more about cryptocurrencies and the potential risks and rewards that comes with them, be sure to watch this video! It’s sure to open your eyes to all of

The new crypt investing cycle is getting tons of people excited, but equally feeling emotional, do yourself a favor a remember how LONG cycles are and how to maximize your experience within them!! Do not fall for FOMO but instead use risk management and position sizing to ensure you don’t get caught offside the blockchain tech stock mega cycle.

With things like Tesla nad Meta pumping like no tomorrow, we can see a major recovery for tech in general, people like Cathy Wood and Elon Musk are celebrating and this is not the time to forget everything we learning in the bear.

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