Nelo Metaverse (NELO) is an online gaming platform built on the Binance Smart Chain network (BSC). BSC is a decentralized blockchain network that enables the creation of smart contracts and staking mechanisms for digital assets. Nelo follows the standards of BEP-20, which defines how the token can be traded on various cryptocurrency platforms.
The platform seeks to develop NFT games for gamers to play and earn NELO tokens. NFTs are non-fungible tokens used for trading unique digital assets. Gamers and traders can trade, mint, manage, and exchange their assets using the NELO platform. Minting means converting digital goods (like gaming collectables) into a unique token.
The NELO platform is based on a metaverse. Metaverse is the next generation of the internet that helps users experience a parallel world to the real world through 3D technology. Besides this, the platform is focused on NFT Mining, Gamefi, and Socialfi.
NELO is the token name for Nelo Metaverse. Through NFT Mining, the platform seeks to allow traders to trade NFTs and use NELO tokens for Gamefi. Mining is the process that cryptocurrencies use to generate new crypto coins and verify transactions. On the other hand, with the help of the Gamefi feature, the platform aims to encourage the exchange of NELO tokens to traditional currency. For trading NFT blindbox, the NELO token earned can be used. Lastly, Socialfi focuses on building a platform on Nelo Metaverse that helps exchange services of NELO tokens to the traditional currency instead of first converting them to BNB. BNB is a cryptocurrency for Binance coin issued by Binance exchange.
Furthermore, gamers can earn NELO tokens by clearing various in-game stages and competing in Storms of War PvP Arena. Storms of War is a PvE (player vs. environment) and PvP (player vs. player) game similar to AFK Arena. On the other hand, Away From Keyboard Arena (AFK Arena) is a role-playing game that plays itself for gamers.
