In Brief
- Innovative Currency: Gigaverse, a blockchain-based RPG, launches GIGABIT, a currency akin to Robux aiming for market stability.
- Fixed Exchange Rates: GIGABIT ensures reduced volatility with set buy and cash-out rates to facilitate smoother transactions within its ecosystem.
- Enhanced Accessibility: The currency caters to both blockchain enthusiasts and traditional gamers, making economic participation within Gigaverse seamless.
Introduction of GIGABIT Currency
Gigaverse has recently introduced a new stable digital currency named GIGABIT. Tailored for its on-chain role-playing game environment, GIGABIT allows users to transact, such as purchasing non-fungible tokens (NFTs), paying for game consumables, and entering player-versus-player competitions, with ease and reliability.
Addressing Volatility and Accessibility
Recognizing the common issues of price volatility and access barriers in blockchain gaming, GIGABIT has been structured with a fixed exchange rate system. For every USD exchanged, users receive 100 GIGABIT, and can cash out their tokens at a rate of 80 cents per 100 tokens. This price difference is allocated such that 15 cents go towards player rewards while 5 cents support the game’s developers, GLHFers. The fixed rate model not only stabilizes the currency value but also simplifies transactions by shielding users from the frequent price swings typical to cryptocurrencies.
Expanding Game Accessibility and Integrations
GIGABIT significantly lowers the entry threshold for traditional gamers unfamiliar with blockchain intricacies. By enabling transactions via fiat currencies and bypassing the need for crypto wallets or complex exchanges, it broadens its appeal and accessibility. Such a design welcomes a larger audience, blending blockchain gamers with traditional ones, therefore fostering a more inclusive gaming community.
Tying into Gigaverse’s Anniversary and Updates
The launch of GIGABIT coincides with the first anniversary of Gigaverse, which further highlights its ongoing growth and expansion. Dubbed the “Gigaverse 1.0” update, it introduces an open-world format, fresh game modes, and an augmented economic model, evolved to enhance user interactions and leverage the benefits of decentralization.
This innovative update marks a significant milestone by integrating GIGABIT into Gigaverse, aiming for a well-rounded and stable gaming environment that potentially transforms how players engage with the game.