About Duelist King
Duelist King is a fully-fledged blockchain-agnostic online NFT card game platform that aims to champion tokenization and democratization of card games. All decisions made on the card issuance, distribution and proceeds allocation are governed by decentralized mechanics on blockchain with proven fairness, transparency and best interests for the community. Duelist King will achieve the aforementioned—through the DKDAO platform, a meta-ecosystem for game distribution and digital assets issuance. Thanks to the distinct permissionless, verifiable and community-driven power of blockchain democratization and decentralization, DK aims to transform the way people buy, collect, play, trade and earn in card games.
Decentralized gaming can be defined as any game that was built with blockchain compatibility and either operates fully or partially on the blockchain. Decentralized gaming applies the exact same principles of DAOs to gaming companies which when combined with blockchain technology enables transparency and proof of ownership. Furthermore, it allows gamers to have a say in how the game evolves, as well as the opportunity to earn while they play. All of this is transforming how we think about games. We no longer have to be passive players that have to pay-to-play. Instead, we can shape the games we love and earn while we play them.
Gamers, creators, collectors and investors alike can participate in the Duelist King ecosystem. Artists that created artwork for a card automatically receive a card genesis version exclusively issued to them. Each card is issued as a Non-Fungible Token (NFT), allowing transferable and auditable ownership for the user. Members including creators, players or collectors can partake in the ecosystem as a token holder similarly to a stakeholder—by buying and holding the Duelist King token. Token holders will also be able to vote on proposals and purchase “mystery boxes” that contain cards—at a discount. Following the Win2Earn model, Duelist King will reward the winner of a game with a card or in-game artifacts—after each game. The winner has a chance to win a card of any rarity. Scarcity is guaranteed as each card is unique and timestamped once issued. No other replica or extra edition of the issued cards will be produced or circulated. Card distribution is guaranteed to be fair, transparent and traceable via blockchain and smart contracts. The community will be empowered to have voting rights with the game mechanics, volume and type of new cards to be issued. In the future, the community members can also propose initiatives and get funding from the community fund to amend rules, host tournaments or enforce improvement proposals. Duelist King also alleviates the issue with the uncapped number of issued cards—in the Duelist King ecosystem every card edition is unique and final. This means collectors can rest easy when purchasing a card—knowing that the purchased card will not be devalued in the future with more issued copies.
Decentralization and the blockchain technology allow a card game to provide benefits to stakeholders of the card game. Blockchain technology enables 100 % transparency regarding card rarities and value flows within the ecosystem. Blockchain technology also provides stakeholders the ability to decide the future of the card game. The NFT concept that is a part of the blockchain technology allows each collector to instantly authenticate if a card is genuine—and it also allows the collector to immediately find out the exact rarity of a card in question. Another great feature of NFT card games is the ability to exchange them in a permissionless manner on any of the NFT exchanges that are currently in use.
Duelist King utilizes Non-Fungible Tokens (NFTs) and decentralized mechanics to revolutionize card games like never before. The Duelist King card game is written in Solidity. This means that any blockchain that has EVM capability—will be compatible with our technology. Some popular chains that are compatible with EVM are BSC, TRON, Polygon—while the Cardano blockchain will have EVM compatibility operational very soon. We will initially launch our Duelist King tokens on Binance Smart Chain. Our NFTs have already been launched on Polygon and they will be available on other chains in the near future.
NFT is an acronym for Non Fungible Token. NFTs are native tokens on a blockchain that behave similarly to other—fungible tokens. You can store them, trade or send them, and with new technology—even stake them. The primary difference between Non Fungible and Fungible tokens is—NFTs are indivisible, which means you cannot split an NFT token into multiple NFTs. Non-Fungible Tokens are an emerging approach to represent and verify the ownership of a unique asset, for example a collectible, an artwork, a card or a memorabilia, powered by programmable and deterministic smart contracts on blockchain.
You can buy mystery boxes that contain random cards on our official website duelistking.com. Each mystery box contains five Duelist King NFT cards. Another option is to buy and sell your cards on popular marketplaces including Opensea, Refinable, and soon on the Binance NFT marketplace as well. Players can also trade cards with other Duelist King community members. At the moment you can only use MetaMask to purchase and trade cards. Once we integrate a fiat on-ramp you will be able to use fiat currencies as well. We plan to keep our cards at 1 USD - 5 USD for one mystery box throughout the game since we aim to keep the entry barriers low for gamers. This will allow our ecosystem to flourish and be open for new community members and artists.
NFTs are now issued on Polygon and we plan to issue the NFTs on BSC as well. We will be building on other chains including Cardano and Fantom in the future. Cross-chain is definitely a must for a global and community-oriented game and we are planning to do that with our own platform and also through partnerships with our partners.
Duelist King DAO
Duelist King will ensure fairness in all aspects of the game and the ecosystem by utilizing the decentralized blockchain technology. Decentralized mechanics utilized by Duelist King to ensure fairness include the concept of the Decentralized Autonomous Organization (DAO) and decentralized Random Number Generator (dRNG). The two latter tools are built-in input mechanisms that power the distribution of cards in a fair and transparent way. Unlike the traditional distribution scheme of card games in lootboxes where the distributor has offered anything but transparency and fair supervision of distribution. Duelist King uses an oracle to process external inputs from a decentralized RNG, essentially creating a manipulation-proof and 100% random process, allowing fair distribution of cards. The DAO, as an open source, transparent and community-powered entity—will govern the whole ecosystem in a permissionless, incorruptible and community-driven approach.
DKDAO will be launched tentatively later in the year of 2022.
An elector is any person that has staked DKT tokens. Electors can initiate proposals and vote on proposals. To become an elector—one must have DKT tokens staked for more than 15 days to be eligible for elector benefits.
An elector initiates a proposal through the DKDAO User Interface. Other electors then vote on the proposal. Each proposal will expire 7 days after initiation regardless of the number of votes. An elector can vote in favour or against any proposal at his or her own discretion. The sum of FOR votes must be over 50% to activate proposal execution. A proposal will contain two parts— the first part in text and the second part will contain the data that will be executed if the proposal was accepted by the community.
Stakers of the DKT token will be able to vote through the DKDAO User Interface. Duelist King DAO voting mechanism is based on weighted voting—this means a user's weight of his or her vote is affected by the amount of tokens staked and the time the tokens have been staked.
The basic principles that DKDAO utilizes to achieve its purpose are: Weighted voting; Proposal-based decision making; Community-based approach to ensure transparency and democracy; All revenues and profits will be channeled to a Duelist King Pool where the fund will be managed via Duelist King DAO.