Chain Games (CHAIN) is a Web 3.0 blockchain-based gaming platform. The platform combines smart contract-based contests and claims to evolve the blockchain gaming industry and level up the modern gaming era. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Chain Game (CHAIN) platform is completely ERC-20 and Ethereum attuned.
The whitepaper claims that the present blockchain gaming system only provides basic card playing and RPG (role-playing games) games and is not decentralized. Therefore, Chain Games (CHAIN) claims to modernize gameplay with decentralized and custodial competitions. Further, the platform aims to give rise to multiplayer tournaments, and as a result of these games, provide the players with rewards and exciting prizes, boosting the players' confidence and promoting the game's success. The platform uses utility token CHAIN to provide all these rewards.
The platform also provides the opportunity for game developers to integrate the platform's eSports system in their respective games and then publish a new game on the DApp of the Chain Games (CHAIN) platform. So, the in-game development seeks to provide the developer with an earning from each match. The protocol aims to support real cryptocurrency rewards to all the players involved. With the help of the tokens, the players can challenge their competitors and attain different collectibles to help them proceed in the game. The Chain Games (CHAIN) has opened eSports tournaments for everyone.
The CHAIN token is a deflationary token used as a medium of exchange for all entry fees and contest payouts on the Chain Games (CHAIN) network.In the view of gamer's earnings, the token uses smart staking to seek to provide rewards to all stakers on the network on each played game. The players stake tokens and aim to get rewards from all the games. Besides this, a passive earning is also provided by locking the CHAIN token in the staking smart contract. The platform plans a CHAIN marketplace and individual custom smart contract gaming blockchain—based on Cosmos.
