An advancement in blockchain technology clubbed with a higher adoption rate has resulted in the creation of multiple in-demand projects. Blockchain games and Metaverse projects are leading the race, driving high demand and adoption from mainstream users. CENS World is the latest addition to metaverse blockchain games that aims to be the future metaverse open-world game. With a Create-to-Earn economy, can CENS world dominate the GameFi & Metaverse space? Let’s find out in this review –
Table of Contents
What is CENS World?
CENS world is a 3D metaverse blockchain game built on the Solana blockchain. It will harness the power of blockchain technology to create a simulation of the real world. The gaming environment will be driven by the create-to-earn economy which encourages users to create in-game characters with distinctive personalities.
CENS is creating a world that will operate exactly like the real world. Everyday, players will be subjected to random challenges such as inability to work, illness etc to keep the gameplay fresh and engaging.
The game will feature in-game banking system to control the economy, making it as realistic as possible. Players will have multiple opportunities to earn from farming or working on other farms. Moreover, the platform will have its own NFT marketplace for trading and supporting the $CENS token ecosystem.
CENS world is focused on creating a metaverse that mimics the real world
CENS World Gameplay:
The gameplay consists of the following elements –
In survival mode, players need to buy essentials like food and drinks to survive in the game. Not enough food and water leads to inability to work and results in death i.e resetting experiences and in-game stats. This includes eliminating all non-NFT items.
Bank will help drive the in-game economy with the function of saving deposits and mortgage loans (Staking + Margin). It will also charge interest on loans and have to deposit profits to the reward pool based on the collection of taxes and fees.
Players can save or borrow capital to invest in farms and can use the money to buy NFT items. Moreover, players can open their own banks and do business as a private banks.
The Central Bank work as a mini DEX converting currencies into $CENS
Farms are built on the NFT land purchased by the players. Players can build their own farms, raise livestock and harvest. The harvested products like food can be clubbed and offered on the NFT marketplace to serve the needs of the community, especially for the players in the survival mode.
Free or paid players with time on hand will have the opportunity to create jobs or earnings from working for other player’s farms.
Players can steal food from other farms but may face consequences under the protection mechanism
To keep the metaverse engaging there will be mini-games where players can compete and win exclusive rewards including CENS tokens.
Battle is a competition among players for the first spot. Players will have to register on the leaderboard and only one will win the battle claiming the massive reward.
CENS NFT Marketplace:
Like Sandbox crypto metaverse, CENS world has its own NFT marketplace. It’s a place to buy and sell NFT items. From fashion NFTs to equipment used in farms, everything is available on the NFT marketplace.
A player can also exchange his NFT with other player’s NFT in the marketplace (horizontal trade)
What is CENS World Token?
CENS or century token is the native currency of CENS world. It’s a BEP-20 token built on the Binance Smart Chain and has the following utilities –
- Lending Fee
CENS token holders will have the right to vote for key governance decisions like electing the council members, rewards distribution plan etc. They can also submit proposals to help shape the future of the project.
CENS will be the digital currency of CENS world. Every transaction on the platform will be paid using CENS token.
When players transact with the Central bank, a small fee will be collected and deposited to the liquidity pool to help increase the value of the CENS token.
New projects within the CENS ecosystem will be launched on the Launchpad which includes new mini-games, new gameplay etc.
CENS will reward the players for their contribution to the ecosystem. Playing mini-games and battles gives them a chance to earn higher rewards. Also, there will be pools to farm within the CENS world to earn more rewards.
The total supply of CENS token is capped at $500 million. The distribution is shared below –
CENS Revenue Streams:
CENS will have multi-reveue streams. It will include revenue from the sale of NFTs & Lands, marketplace & transaction fees, Gaming and Lending commission. The percentage contribution from each of these streams can be seen from the chart shared below –
CENS world – Team Members:
CENS world has 13 core team members working on the project. Anh Le Hoang & Hung Duong are the founders of the project. Anh Le has 10 years of experience in product management, marketing & sales in domestic technology projects while Hung Duong has 7 years of experience in working software development & AI.
CENS Token IDO:
CENS launched its IDO on Waggle offering sale of 5,500,000 tokens at a sale price of $0.0365 raising $200,000.
Is CENS a good investment?
My short answer will be “Not at the moment”. CENS world does look like a promising project on paper with create-to-earn rewarding system but nothing can be said before the actual launch of its ecosystem. The team is behind the schedule and hasn’t yet launched its NFT marketplace which was scheduled to go live in Dec 2021 according to the roadmap shared below –
On the bright side of things, the project is backed by VCs giving it a strong financial support and the ability to sustain itself in the long game. If only the project starts releasing the metaverse entities like Marketplace, NFTs etc on-schedule, it will generate a higher demand and hence more adoption.
At the time of writing, CENS token is yet to be listed on the exchange which is again affecting its liquidity and price action. It’s more like a wait and watch game before the project fixes its timeline and gear up for back to back launches.
This completes my review of CENS World. In the next post, I will talk about Celer network & Immutable X. If you’re a fan of blockchain technology then do share this post on your social handles and educate everyone around you. Remember to subscribe to my YouTube channel for more informative content, released every week.
Cryptocurrency is a highly volatile market. All the information shared in the post is for knowledge purpose only. By no means, it’s financial or investment advice. Readers are responsible for their own investment decisions and should only invest in cryptocurrency after proper research.
An MBA in Marketing. Paras have a decade long experience in the corporate world. He is done with office politics and corporate life, therefore decided to move on and jumped on building Katoch Tubes. He is a crypto fanatic and has the vision to bring cryptocurrency knowledge to every household in the simplest form possible using the power of internet. His area of expertise includes online marketplace, cryptocurrency and content strategy. Reach out to him on Twitter & YouTube.