Black Eye Galaxy (BEG) is a decentralized virtual platform that focuses on providing gamers with a safe environment in which they can play games, earn rewards, buy virtual goods, and meet new people. Users can create unique worlds on the BEG app, which is then shared with the public. BEG aims to create a platform that also focuses on the development of new games and collaborative projects.
Black Eye Galaxy is a decentralized cross-chain virtual world (like Second Life), and is still in its initial testing phase, which means the game is still quite a ways off from being a usable product. However, because the game is based on the Blackcoin blockchain, this has led to a lot of debate amongst users, since Blackcoin is not the most secure of blockchains
Black Eye Galaxy is a dApp and cross-chain protocol that build a decentralized virtual world on EOS. Black Eye Galaxy is a confederate game, which is build on EOS blockchain. In game, you can create your own avatar with your own face, and then you can get your own secret skills and special abilities. You can do whatever you want in the game. With Black Eye Galaxy, blockchain is not only a payment system, but also a game platform.
As the concept of decentralization and blockchain technology continues to capture the imaginations of many people across the world, we continue to see a variety of initiatives investigating and addressing this area with distinct principles. Despite being a relatively new product, Black Eye Galaxy continues to garner a large user base because to its unique approach to the DeFi environment.
Are you interested in learning more about this project? or maybe how it has developed over a relatively short period of time? This review will pique your interest.
Understanding the Basics of the Black Eye Galaxy
In essence, the Black Eye Galaxy is a cross-chain NFT virtual metaverse that takes a unique approach to combining the ideas of metaverses with NFTs. In case you’re wondering, a metaverse is essentially the combination or integration of a virtual environment, augmented reality, and a network. You may buy gaming goods, books, lands, and other things in a metaverse. The NFT is used to symbolize each of these things. NFTs are Non Fungible Tokens that indicate ownership of a particular digital asset, as you may know.
As previously said, the economics associated with this initiative is very unusual and somewhat untapped. Rather of emulating comparable projects’ ideas, such as purchasing things with real-world usefulness, Black Eye Galaxy transported us to space! So, if you’ve always fantasized about owning a planet or solar system, now is your opportunity to make your fantasies come true. You may buy planets, land on them, explore the whole solar system or galaxy, and mine resources based on certain criteria. Additionally, as a user, you may initiate discovery expeditions, move to other worlds, and establish civilization on those that already exist. Needless to say, based on this comparison, this concept is quite interesting and, of course, unexplored by any initiative. As a result, we should prepare ourselves since we are heading to the moon!
Galaxy UI with Black Eye
The team in charge of this project just published the first section of the User Interface. For a project like this, it’s critical to incorporate the main concept into the UI design while guaranteeing maximum functionality. Fortunately, the team, which included people with extensive expertise in a variety of DeFi-related areas, tackled the design with great care and attention to detail. Its usefulness, in addition to its beauty, is equally stunning. As a result, it will certainly appeal to a wide variety of consumers, regardless of their functional or aesthetic tastes.
Alliances of Stars
Even more interesting, if you control at least three star systems, you may create a kind of stellar alliance. A star alliance is a collection of several stars that have joined forces to form an alliance. You may use this to mint the star alliance membership card at a ratio of 15 cards per planet in the alliance, allowing you to access equal portions of the planet rewards. Star alliances are essentially a kind of joint ownership over planet mining benefits. All plants must, however, be staked for mining before this procedure may begin. The whole procedure is automated, and as a member of the alliance, you will automatically get an equal share of the earnings earned from mining alliance planets. Because the aforementioned membership cards are represented as NFTs, you, as the owner, have the option to sell or transfer the asset as you see appropriate.
The project primarily includes two kinds of alliance cards: The Black Eye Galaxy star Alliance, which is maintained directly by the Black Eye Galaxy team, and the Super Launcher star Alliance, which is administered through Super Launcher.
- Star Alliance of the Black Eye Galaxy (BYG)
As previously stated, the BYG team will be in charge of this stellar alliance. It essentially consists of 8 star systems with a total of 30 planets, as well as a variety of utilities.
The membership card collection is very restricted, with just 450 cards available. The planets that make up the alliance are given a standard reward pool, with $BYG at the heart of it all, guaranteeing that everyone in the alliance gets the same amount of money. Furthermore, the initiative pledges to provide every member of the BYG alliance access to the platform’s Iris (core planet) Citizenship function, as well as future airdrops. Finally, Merch drawings will be held in the BYG star alliance, but only for holders of alliance membership cards. When it comes to the distribution of alliance cards, the team says that 440 will be given through BYG staking pools to those that HODL $BYG, and ten will be retained as community incentives. With that stated, if you’re the kind who wants to get more money out of a project, this may be a good choice for you.
- The Star Alliance of Super Launchers
Black Eye Galaxy just announced a collaboration with Super Launcher. Super Launcher is a cross-channel launchpad that is completely automated and safe. And, given the length of time the project has been in existence, you will agree with me that this is a bold and well-calculated move. Following the agreement, SuperLauncher Star Alliance acquired five-star systems to further expand its SuperLauncher Star Alliance.
This alliance, like the BYG star alliance, offers some amazing utility. To begin, keep in mind that the number of membership cards is likewise restricted to 300, as opposed to the 450 in BYG. Every planet in the alliance has its own reward pool in $BYG and $LAUNCH, and the total reward pool in $LAUNCH will be $10K. The Super Launcher, like the BYG star alliance, will include merch draws among alliance members as well as future airdrops. Finally, the benefits will be divided evenly among alliance members in a fair and open manner.
BYG Token
The BYG token is at the heart of these functionalities. $BYG is the platform’s native cryptocurrency, which is used to reward users for bonuses and other actions on the site. It is cross-chain, which means it may be used on any of the blockchains that the product uses for its operations. The supply is set at one billion units, with no plans to inflate the value. Staking is one of the most obvious use cases of this token, which is relevant to our review.
Staking by BYG
The Black Eye Galaxy has a framework that lets you commit your $BYG token to its protocol in return for incentives. Staking this token allows you to actively participate in the network’s security by locking up your assets. As a result, you’ll be paid in the form of the $BYG token for maintaining network security.
The platform will open its staking pools on Monday, August 23 at 2 p.m. UTC, and as a holder of the native token, you may stake your assets and get access to rewards in the form of planets and membership cards. It’s worth noting that the staking requirements and features differ depending on whatever alliance you’re a part of.
As previously mentioned, the BYG Alliance Membership cards pool has a total of 450 NFT cards, and each user may only stake their assets once from each wallet. The staking period will last 30 days, with a minimum of 5000 BYG tokens needed. You may choose to un-stake your assets before the staking period ends. However, there is a price to pay: you will be ineligible for any rewards. Finally, staker will get a 1 Alliance membership card as a reward.
Furthermore, similar to the BYG Alliance pool, each user is only permitted to stake once from a particular wallet in the SuperLauncher Alliance membership cards pool, however unlike the BYG pool, there are only 250 NFT cards in the SuperLauncher Alliance Membership pool. The staking period remains at 30 days, however the staking value has been raised to $8800 BYG. You may also opt to un-stake your token as you see appropriate as a user. The result, however, is the same as that which was emphasized in the preceding paragraph. Stakers will get 1 Alliance membership card as a reward.
There are a total of 30 planets in the planets pool, and you may only stake once from each wallet, much as the other pools. The staking period stays the same, however the number of BYG tokens needed has risen to 33k. Other requirements and prizes are the same as in the previous two pools. As a user, you have the option of betting in whatever pool you choose. However, because to the restricted number of prizes, these pools will use an FCFS architecture.
The Project’s Status
Following the project launch, the internal marketplace is the next item on the schedule, according to the plan. This, I think, is an effective and realistic approach to ensure the project’s long-term viability. Every asset on the platform will be sold, from spacecraft to planets, with $BYG at the heart of the process. This move, when combined with the staking pools, will certainly increase demand for the token.
Moving on to the midterm milestone, there is the development of Unreal-powered mobile apps and PCs. As a gamer, you know what Unreal is capable of, and you could see the magnificent genuine 3D space galaxy depicted in these advancements straight from the project Demo.
Land sales on resident planets and multiplayer planets’ surface worlds will follow this milestone. This concept is similar to that of SandBox, where you may buy lands, create new marketable resources, adopt portals to travel between worlds, and construct structures.
Please note that this is a sponsored press release. Any material on this website is not intended to be, and does not represent, financial, investing, trade, or other types of advice. TheNewsCrypto is not liable to anybody for any decisions or actions taken as a result of the information and/or claims included in this news release.
E2E3 is a Decentralized Cross-Chain Virtual World. Want to see how the E2E3 Community is dreaming of decentralizing cross-chain entertainment? Then read on to find out more.. Read more about black eye galaxy and let us know what you think.
Related Tags
This article broadly covered the following related topics:
- black eye galaxy airdrop
- black eye galaxy crypto
- superlauncher
- superlauncher twitter
- black eye galaxy review: decentralized cross-chain virtual world map
