RELEASE IN PRESS. Dubai, Internet City, February 7, 2023 – Fief (FIEF) will be listed on LBank Exchange, a global trading platform for digital assets, on February 8th, 2023. On February 8, 2023, at 6:00 UTC, the FIEF/USDT trading pair will become formally accessible to all LBank Exchange users.
Above the open-world voxel RPG known as Fiefverse is the decentralised application layer called Fief Protocol. To further broaden its worldwide reach and aid in the realisation of its vision, its native token, FIEF, will be launched on LBank Exchange at 6:00 UTC on February 8, 2023.
Presenting the Fief Protocol
Decentralized applications (dapps) for NFT gaming and the metaverse are available as part of the Fief Protocol.
The dapps of Fief Protocol enable players to easily trade or receive rewards with the in-game assets that already exist in their wallets, with an emphasis on the user experience. These dapps are designed to either reward users of the Fief metaverse or encourage users of other projects to make Fief their main trading platform.
Influence Points (IP), a proprietary off-chain currency for Fief Protocol, are modelled after in-game money used in a number of well-known web2 games. With the aid of IP, Fief Protocol is able to include a further gating and reward system in its decentralised applications (dapps), enabling the platform to draw users and liquidity while ensuring long-term alignment with the Fief economy.
The Fiefverse, an open-world voxel RPG that allows players to control a distinctive Avatar to explore, engage in combat, craft, and other activities, serves as the foundation for Fief Protocol. The Fiefverse serves as an ongoing and expanding sink for IP, which increases the value of the Fief Protocol dapp layer.
The Fiefverse team intends to release a number of mini-games, beginning with a Wave Defense game in Q1 2023, while the main game title is still under development. Players are rewarded with IP in addition to other in-game items in these free-to-play mini-games.
Currently, Fief Protocol offers its FIEF Staking dapp and the Fief Shop, which enables users to buy stuff for the Fiefverse with IP. In the upcoming weeks, Fief Protocol will roll out Loot Farms, an IP-gated staking dapp with a variety of reward types, as well as Fief Chat, a forum and live messaging app built on top of Influence Points and Avatars.
Concerning FIEF Token
The Fief Protocol’s official utility token is called FIEF. Voting privileges can be unlocked and DeFi & game incentives can be obtained by staking FIEF.
The constant generation of IP when staked is the main use of FIEF. At the moment, each staked FIEF generates 0.03 IP every day. FIEF followers receive a steady supply of in-game goodies that they are free to use as they like. Over time, staked FIEF will get voting privileges that will allow them to decide how the ETH fees produced by dapps on the Fief Protocol are distributed to loot farms.
With the help of this system, third-party metaverse projects can drive ETH incentives to their in-game assets, such as fungible in-game currencies and NFTs, while also satisfying consumer demand to acquire and stake FIEF.
FIEF has a total supply of 500 million (or 500,000,000), of which 128,180,693 are now in circulation. The project’s official documentation contains more details on the supply and distribution of FIEF.
On February 8, 2023, at 6:00 UTC, the FIEF token will be launched on the LBank Exchange; at that time, investors who are interested in the Fief investment will be able to simply buy and sell it there. Undoubtedly, the FIEF token’s listing on LBank Exchange will aid in the company’s further business growth and increase market awareness.
The LBank
One of the largest cryptocurrency exchanges, LBank, was founded in 2015. It provides its consumers with specialised financial derivatives, professional asset management services, and secure crypto trading. The site has more than 7 million users from more than 210 different countries and regions. LBank is a modern, expanding platform that protects the confidentiality of user funds and seeks to promote the widespread use of cryptocurrencies.
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