Blockchain, AAA games, and Unreal Engine. Sounds familiar? There are only a few on-chain games that are available in the market with these features. The Paradox Crypto, or rather correctly, the Paradox Metaverse, is one such game! It’s not just free-to-play but also P2E or play-to-earn that comes with its own native ecosystem and currency.
So let’s dive deep into the world of Paradox Metaverse and find out whether it’s worth investing your time and effort in or is just another one of the many metaverses out there.
So, What Is Paradox Metaverse?
The Paradox Metaverse happens to be a gaming platform based on blockchain technology. Founded by Amio Talio, Paradox Labs happens to be behind this particular project. Based in the United Kingdom, some of the most vital features of the Paradox Metaverse include:
- Play-to-earn: You can generate income while playing games here.
- AAA Game: You will find only high-profile and high-budget games.
- Developed on Unreal Engine 5: You will come across amazing visuals.
The platform does offer multi-player games. In simple words, you can easily play throughout the day across the globe. But you need to remember that you might have to be an NFT investor to participate in the games. Not only that, but the platform allows users to rent their NFTs as well. Moreover, Paradox Studios has developed an ecosystem in and around their whole metaverse.
You will come across:
- PARADOX ( paradox crypto is their native token),
- P2E game,
- ParaSwap, a DEX,
- ParaPad, their Launchpad, and
Their Layer 1 blockchain, ParaChain, is coming soon.
The team behind Paradox Metaverse plans on merging Web2 and Web3 so that they can grow the blockchain gaming industry.
How Does The Paradox Crypto Metaverse Work?
The Paradox Crypto Metaverse works in a very simple, straightforward way. And that we think is perhaps the best way to multiple adoptions. Their games are free to play. But you will require NFTs for participating in the game.
You can either rent or purchase the non-fungible tokens. The NFT owners can easily rent out their tokens, earning a passive income in the process.
Now, if you want to purchase the non-fungible tokens, you can only do this on OpenSea. But there is also their personal NFT marketplace. The only alternative in this case is to opt to rent out non-fungible tokens from other players. Moreover, the game
If you want to buy their NFTs, you can do this only on OpenSea. However, there’s also their own NFT marketplace. The alternative is to rent NFTs from other players.
Coming to the game it’s set against the backdrop of Paradox City and has 7 playable characters. So, yes, it is a story-based game. For example, the game has a ‘Prologue’ section with 3 chapters, and you will find multiple missions across the Paradox City. When you finish tasks in the game, you will find portals.
All the missions in the game follow a story. For instance, you will find portals everywhere around the city. These will instantly bring you to different parts of town or even to other planets. It will take you around the right hours to finish missions. There is a stand-down period of 24 hours before you can begin a new mission. Plus, you cannot sell any NFT that you won in the game for seven days.
There are five different currencies here:
- PDAO – DAO (ERC-20),
- ASSET – In-Game Assets (ERC-1155),
- PARA – Characters & Land (NFT) (ERC721),
- PARADOX – Token (ERC20), and
- P-Bucks – (In-Game Virtual Currency)
The Paradox Metaverse NFT:
The Paradox Crypto Metaverse has characters in the game who are known as Paradoxians. There are around 8,888 characters in the game. Moreover, these characters all have their own roles, rarities, and traits.
As we just mentioned above, the game has 7 primary characters. Now, all these characters come in the form of non-fungible tokens. While their mint cost was 0.2 ETH, the current floor begins at 0.01 ETH.
Here are some facts about the same:
- All non-fungible tokens are on-chain. You actually own the IP until you end up selling them.
- The non-fungible tokens are technically all made from scratch on the Unreal Engine 5.
- The whole collection was initially launched on Ethereum.
- Users can easily transfer the NFTS to compatible metaverses.
In due time, you will also find land plots in the form of non-fungible tokens. These will come with integrated buildings, and once these become available, users will be able to purchase the land plots.
How To Purchase Paradox Crypto Coin?
The Paradox crypto coin is the only coin you will find on an exchange. At the moment, it is only available at BitMart or Huobi. Both BitMart and Huobi listed the Paradox crypto coin in 2022 on 17th November.
Both these exchanges operate via KYC or the Know Your Customer process. Generally, every centralized exchange or CEX needs this. Now, this includes a selfie and a photo of your ID.
Currently, the price of Paradox crypto coins is $0.001157. The coin comes with a ‘self-reported’ market capitalization worth $14,462. Moreover, the total supply here is around one billion coins. Again, the ‘self-reported’ circulating supply includes around 12.7 million PARADOX coins.
And It’s A Wrap!
The Paradox crypto network doesn’t really have a complete whitepaper, the technical document that explains how the system, as well as the PARA coin, actually works.
While the system’s website does redirect to something sort of a whitepaper, it is more like the condensed version of Paradox’s homepage with some informative details presented in a modified way.
In fact, it doesn’t really say anywhere that the network uses another blockchain or has its own. This means that it might not be right to call the Paradox coin crypto if the platform uses another blockchain. It’s the lack of details that makes things a little dicey for any potential investor.
Remember, just because someone has set up something with good intentions doesn’t mean that it will definitely succeed. With crypto, you should always be careful and do your own bit before you can invest in a Paradox coin at the initial stage.