Ethlas is a free-to-play GameFi Metaverse that was awarded “Best NFT/GameFi project” by Polygon Foundation in December 2021. Players log in with MetaMask, play different genres of games, and earn Gems when they rank on the leaderboard! Their investors are high-profile executives from Coinbase, CoinMarketCap, Global Blockchain Innovative Capital, Venturra Capital, Grab, and many more. They are positioned to be the aggregator of all Web 3.0 play-to-earn games for consumers & game studios, with plans for their XGEM token sale (on-going), NFT sale, governance token sale, and land sale in the next few months.
Ethlas just concluded the pre-sale of XGEMs, their in-game currency, which was 100% sold out in a few hours. If you’ve missed that, there is still a chance to participate:
- From 28 Dec 2021, 22:00H (UTC +8): Add liquidity for XGEM<>MATIC on QuickSwap, the largest DEX on the native protocol.
- From 29 Dec 2021, 22:00H (UTC +8): Stake your QuickSwap LP tokens on Ethlas to earn up to 702% APY.
Not only are they rewarding early supporters up to 702% APY, but their innovative staking mechanism also seeks to revolutionize the way we see staking and NFTs in the future.
The innovation behind staking on Ethlas
The most interesting feature of the staking event is their innovative staking token — SGEMs (Staked GEMs). Each SGEM is actually configured as an ERC 721 token that has the features of both a staking contract on the backend, but also an NFT on the front. In fact, it’s 3 things in 1!
(Ethlas Staked GEMs combines 3 different attributes)
When you stake with Ethlas, you receive a unique SGEM ERC 721 token:
- It’s like a Treasury Bond – Since holding SGEMs gives you an APY, it is effectively dropping you
