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- 1 Paradox crypto, the native digital currency of Paradox Metaverse, allows individuals to enter the virtual gaming world.
- 2 The coin is used by the gamers to purchase in-game items, customize their profile, and participate in governance decision-making.
- 3 Paradox Metaverse is a multiplayer virtual game offering players rewards for task accomplishment.
The popularity and craze for Metaverse is never-ending, bringing with it huge margins with booming user demand. To stay up-to-date with the trend, Paradox Studios introduced a Metaverse game named Paradox Metaverse in August 2022 and it soon emerged as the future of crypto gaming. From Paradox crypto to a Decentralized Autonomous Organization (DAO), the platform constructed a thriving crypto economy along with an immersive gaming platform.
Let’s delve into the world of Paradox Metaverse to uncover the immersive experience.
What is Paradox Crypto?
Paradox Crypto (PARADOX) is the native cryptocurrency for Paradox Metaverse that supports an action-adventure play-to-earn (P2E) game development. The coin supports a unique gaming experience where gamers may receive rewards while engaging in the Metaverse.
Exploring the virtual world, engaging in battles, and collecting items or NFTs help players earn the coins which can be used for purchasing in-game items and characters, and it also enables players to take part in governance decisions.
The Paradox Crypto Scam
PARADOX was introduced by Amio Talio and Fasil Tariq in 2022 and holds the potential to effectively execute the Paradox Metaverse project. However, the coin’s journey was filled with excitement as well as controversies. The upsurge in the Paradox crypto price to $0.127157 on November 7, 2022, enhanced holders’ excitement whereas the controversy and scam surrounding the founders put the coin’s potential in doubt.
The Paradox crypto scam was uncovered in late 2022 when the project founder released a fake video of Cristiano Ronaldo promoting the coin. A fake Cristiano Ronaldo lookalike was brought onto YouTuber iShowSpeed’s livestream to promote the coin.
Play an Exciting Game in the Paradox Metaverse
Paradox Studio holds a vision for developing an open-world game where gamers can take part in the form of digital avatars.
The game is developed in a utopia known as Paradox City and serves seven playable characters. Individuals are allowed to inhabit the Metaverse 24/7. Unlike other metaverse games where players need to buy NFTs, Paradox Metaverse permits players to rent NFTs to enter the virtual gaming world.
The purpose behind the game launch is the merger of Web2 and Web3 to grow the blockchain gaming market.
Interestingly, the game is free-to-play and requires NFTs which can be purchased or rented. Additionally, individuals can also rent their NFTs to earn passive income. The NFTs are available at OpenSea or on Paradox’s own NFT marketplace.
Participants are tasked with a mission, and completing tasks helps players earn rewards. Individuals can generate Paradox crypto coins by accomplishing the mission which further offers flexibility for staking and renting NFTs.
Furthermore, these coins can also be used for purchasing in-game items, for taking part in governance decisions, or for upgrading their character.
The Coin Tokenomics and Buying Process
The PARADOX coin has a total supply of 1 Billion with a circulating supply of 12.7 Million. Uncovering the token distribution system, 3% of the supply was distributed to the advisory team whereas 0.40% was shared with the public launch pad pre-sale.
10% of the supply is offered to VC seed and 10% is added to the founder’s bag. 8.75% of the supply is offered to the development team whereas 5% is invested for the platform’s marketing.
1.25% of the supply is delivered to the NFT owner’s presale and over 20% is invested in P2E. Stakers are awarded 26.60%, which is the biggest share of the distribution, and the remaining 10% and 5% are distributed for Research & Development and platform development respectively.
The Paradox crypto coin was listed on the Huboi and BitMart exchanges on 17th November 2022 and can be purchased from these exchanges by going through a simple KYC process.
Conclusion
Paradox Crypto is a native token of a P2E metaverse game that aims to revolutionize the gaming world. Paradox Metaverse is the future of crypto gaming, delivering an immersive gaming experience where individuals can buy as well as rent NFTs for playing games. Earned coins can further be used for profile customization or for taking part in governance decisions.
FAQs
What is the circulating supply of the PARADOX coin?
The total supply of the coin is 1 Billion and the circulating supply is 12.7 Million.
On which platforms can the Paradox Metaverse game be played?
The game was created on Unreal Engine 5 and is exclusive to the PC platform.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
