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Trident’s Risk to Earn Approach

Trident’s Risk to Earn Approach

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The Trident Risk to Earn Approach in Blockchain Gaming: Will It Bring a Change?

Trident ecosystem with its three challenging free-to-play blockchain games brings a new economic approach; Risk to Earn. The team at Geyser Forge Studios created Trident, a Free-to-Play blockchain game with the goal to cater two things. First, the crypto industry, and second the conventional gaming industry. Their GameFi Structure, called Risk-to-Earn (R2E), aims to address the major issues they have identified in web3 crypto gaming. It allows players to bet tokens on in-game matches, providing a solution to these issues.

As of the second week of February 2023, Trident is building a steady fanbase. It has registered 5,000 player accounts, with over 6,800 members on its Discord server. And more than 10,600 followers on its Twitter account. Moreover, the game originally launched in March 2022, but it has since been relaunched on the Arbitrum One Chain as of February 1, 2023.

PSI Token and Trident Economic System

Within the month of February 2023, Trident plans to launch their OasisSwap DEX. This decentralized exchange, designed to prioritize the community, was developed to provide liquidity pool (LP) contributors with a share of the protocol’s revenue. OasisSwap will offer a tiered LP fee-sharing system, which will be based on the amount of PSI staked by users.

What is Risk to Earn?

To address the issues they have identified in the web3 gaming industry, Trident has introduced the concept of “Risk-to-Earn” (R2E). They believe it will provide a solution to the tokenomic problem of the P2E model. The problem is evident in both Play-to-Earn (P2E) and Free-to-Earn games. Moreover, the team aims to attract players who are willing to focus on the game itself. Rather than just those who are solely focused on making money as a job from playing, which is a common phenomenon in the P2E sector.

Many Web3 games present significant barriers to entry, requiring players to make an initial payment to participate. This requirement is often in the form of purchasing NFTs to gain access to the game. As the game’s popularity increases, the value of these NFTs also tends to increase, making it even more expensive for new players to join.

Trident overcomes this problem by offering a Free-to-Play model. It will enable players to join and start playing in the Trident ecosystem without the need to make any purchases. However, players are required to connect their wallets to participate, and Trident currently supports MetaMask and Coinbase, while for other wallets, the WalletConnect modal must be used.

How Risk to Earn Brings a Solution?

Risk-to-Earn (R2E) is a zero-sum game meaning only one of the two will earn. Players enter into bets (Risk-to-Earn contracts) against each other in games hosted on Trident’s platform. A small transaction fee is levied on the amounts wagered, which goes into the Trident Treasury. It will finance the operation and growth of the Trident ecosystem – paying for salaries, server expenses, game development, and so on. The remaining amount constitutes the prize money, which the winner receives.

In R2E, the winner takes the entire pot, and the loser forfeits all the money wagered. Thus, players do not earn tokens from playing in Trident, and there is no increase in the token supply generated solely by participating in the game. Some argue that R2E is essentially gambling. However, Trident contends that it is a skill-based game where players compete against each other, and the better player prevails.

Trident Ecosystem and Blockchain Games

Trident MMO is the first one in the Trident ecosystem. According to the roadmap, the pre-Alpha version of the Trident Massively Multiplayer Online game (“Trident MMO”) is currently under development and is expected to be launched in the first quarter of 2023. The game will feature a procedurally generated universe with various planets for players to explore. Players can engage in bounties and chase each other through different planets, with the opportunity to take equipment off players they defeat.

The Trident Ecosystem also offers a super grinding and challenging game; Trial of the Trident. Finally, the last one is a pet mini game; Spirit Duel.

Play to Earn Games News

Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You’ll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games. Check out our Top Games and game lists to discover the best play-to-earn games. And don’t forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you’ll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToearn Game news writers will cover it.

Trident’s Risk to Earn Approach

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Trident’s Risk to Earn Approach

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.