Latest Steedz of Degen News
Knights of Degen unveiled its PropQuest beta, an immersive daily player prop game, that offers sports fans worldwide a chance to prove their sports prediction prowess.
The Deets
- Play from Any State or Country: Engage in thrilling sports predictions anytime, anywhere.
- Gameplay: Daily quests involve picking over/under from player props with only one submission per day.
- Game Changers: Use the power of Game Changer NFTs to unlock hidden advantages.
- Leaderboard Domination: Showcase your prediction skills and top the leaderboard.
The Bulk
With PropQuest users partake in daily quests that form the crux of the gameplay. In a quest, players must pick over or under from a curated selection of player props. With only one submission allowed each day, every choice becomes a strategic move. But there's a twist! The gameplay is enhanced by mystical Game Changer NFTs. These ancient digital artifacts bestow the player with unique advantages, leveling up the gameplay.
And for those with an eye on bragging rights, topping the PropQuest leaderboard is the ultimate goal.
Moreover, early adopters have a treat waiting for them. Downloading the Knights of Degen app grants users access to the community beta and rewards them with a FREE 'Villager Sword' Game Changer NFT.
🎬 Take Action
To play PropQuest, make sure to download the Knights of Degen app in the Apple or Google Play Store. Those who download will receive a free Game Changer NFT for PropQuest.
🔜 What's Next?
Mark your calendars! An upcoming community marketing initiative is on the horizon, where PropQuest beta users can earn $DGEN by sharing their gameplay experiences on Twitter. Additionally, KoD will soon launch its own marketplace for the trading of Game Changer NFTs and more.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Knights of Degen announced the launch of the ERC-20 token, $DGEN, and with it, the official community claim.
The Deets
- $DGEN: The ERC-20 token native to the Knights of Degen ecosystem
- Purpose: Serves as a utility and governance token enabling community participation
- The Degen DAO: Facilitates decentralized community governance structure
- Claim: Eligible holders can claim their tokens starting July 31, 2023 until Nov. 1.
The Bulk
Knights of Degen is introducing a new dimension to its ecosystem with the launch of the ERC-20 token, $DGEN. The token is intended to act as a utility and governance token, creating a more interactive and participatory environment for the community.
This initiative, which leverages the power of decentralized finance (DeFi), is set to change the game for Knights of Degen. The introduction of $DGEN ushers in a decentralized community governance structure, the Degen DAO, giving the power of decision-making to the people. This structure will enable the ecosystem's participants to vote and shape the direction of $DGEN and its initiatives.
Moreover, $DGEN will act as the primary in-game token, powering various elements of the Knights of Degen's games, leagues, and tournaments. The introduction of $DGEN also aims to broaden the reach of the Knights of Degen ecosystem, inviting more members to participate and join the community.
The launching of $DGEN also has implications for the future growth of the ecosystem. New products, services, and experiences that enhance community engagement with the Knights of Degen and the KOD brand are on the horizon. The potential includes new games, contests, tournaments, and even physical merchandise, all decided and shaped by the Degen DAO.
🔜 What's Next?
With the introduction of $DGEN, the Knights of Degen community will look to further integrate the new token into its ecosystem. This includes the development of new products and services to improve community interaction and experience.
🎬 Take Action
If you were a Knights of Degen asset holder at the time of the snapshot on July 13, 2023, you are eligible to claim $DGEN tokens. Connect your wallet, check your eligibility, claim your tokens, and start participating in the Degen DAO proposals.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Knights of Degen staking went live yesterday evening, per an announcement from the project.
The Deets
- All Knight holders have been airdropped a Degen Deed.
- Use your Degen Deed to stake your Knights & Steedz in Phase 1 of Pre-Season.
- After 60 consecutive days of staking, Deeds will become “fully baked”.
- “Fully Baked” = eligible for a 1:1 exchange of a Degen Quarter during the redemption period taking place at the end of the Pre-Season.
- The Degen Quarters serve three (3) primary purposes:
- 1) Staking all of your KOD NFTs after the initial Degen Quarters redemption period. Without a Degen Quarters, you cannot stake the NFTs you acquire from the Degen Kingdom.
- 2) Earn rewards from staking like future NFTs and gameplay multipliers.
- 3) A 3D customizable space where you can display your NFTs, host others, and recharge from competitions in the Degen Arena.
❗ Why It Matters
Knights of Degen holders are now able to stake their Knights and Steedz (with the Degen Deed that was airdropped to all Knights) for rewards that impact their gameplay. Staking allows Knights to accumulate XP to move up the leaderboard, earn scarce NFTs, and earn $DGEN.
🎬 Take Action
- Receive Degen Deed: Degen Deeds (OS collection here) were airdropped to every Knight via Polygon (check your hidden folder if you don't see it)
- Access the Staking 🥩 site here: app.knightsofdegen.io/stake
- Login to your KoD account or sign up for an account (if you signed up for a Degen Bracket, you already have an account)
- Connect wallet containing Knights of Degen assets
- Select the Knight(s) and Steedz you would like to stake to your Deed(s)
🎤 Community Quotes
Love the art concept here of a futuristic Deed with some classic style mixed in (e.g. the wax stamp w/ the KOD swords). The level of thought & detail behind everything in KOD is top notch 🤌
— MetaverseKing ⚔️ (@MetavrseKing) April 8, 2023
🧠 Learn More
Participate and earn, that's the web3 way, right?
The latest edition of participate and earn comes via Knights of Degen's, Degens Brackets, where March Madness meets web3.
After building an innovative bracket solution last year, KoD is back this year with an upgrade to its March Madness product which mints brackets to the Polygon blockchain. Find the announcement here.
What Is Degen Brackets?
Degen Brackets is a March Madness pool product that allows users to create brackets that are minted on the Polygon blockchain as NFTs. The Degen Bracket solution can be found inside the Knights of Degen mobile application, which is available in both the iOS and Google Play Stores.
With Degen Brackets, users can create or join March Madness pools with a web3 twist, winning prizes like NFTs, $DGEN (the KoD ERC-20 token), and more. Notably, the Knights of Degen app will automatically creative a native wallet for new users, not requiring the use of a seed or secret recovery phrase and lowering the barrier to entry by removing onboarding friction.
Each new wallet is automatically funded with 100 $DGEN, which can be used to enter in pools or other community events. Ready to fill out your bracket? Follow the steps below. Learn even more about the product here.
How to Join a Degen Brackets Pool
This year, Knights of Degen is offering one lucky player tickets to the Final Four in Phoenix, Arizona in 2024. Below we'll show you how to join.
1. Download the Knights of Degen Mobile App
Degen Brackets is hosted in the Knights of Degen mobile app. You can download it via the Apple App or Google Play Stores.
2. Sign Up, Create a Degen Wallet
Signing up for the Knights of Degen app doesn't involve any complicated recovery phrases or technical competence. Instead, users can simply sign up with email and password at which point they'll automatically have a Degen wallet created for them and seeded with 100 $DGEN to start. Once your wallet is created, you can find your wallet address inside the settings tab of your user profile. Here you'll find your $DGEN balance. At present time, $DGEN is unable to be transferred.
3. Join a Degen Tournament
After your wallet is funded and created, you can find Degen Tournaments by selecting the "Tournaments" icon at the bottom navigational bar. From here, select "Degen Tournaments" to find a list of available March Madness pools for entry.
For each available tournament, the entry fee, prize pool, and total entrants are listed.
After you've selected the tournament you wish to join, you can hit enter and join.
3a. Create a Tournament
Don't see anything that interests you, or want to challenge your own friends? By hitting the "plus" button, you can quickly create your own Degen Tournament. Follow the prompts to create a league that fits the conditions you wish to play for!
4. Fill Out Your Bracket
Upon joining a tournament you'll be able to choose to create a new bracket, or import an existing.
For those creating their first bracket, select "Fill Out New Bracket" and begin making your way through each region and round until a champion and tiebreaker score are selected.
In the event of a tie, the player with the total points closest to the actual total will be crowned champion.
Degen Brackets uses a simple multiple scoring system, which rewards points on advancement at the following intervals:
- Round of 64 winners = 1 point
- Round of 32 winners = 2 points
- Sweet Sixten winners = 4 points
- Elite Eight winners = 8 points
- Final Four winners = 16 points
- National Championship winner = 32 points
After your bracket is completed and submitted you'll be entered into each respective tournament. All $DGEN amounts used to enter brackets will be refunded at the conclusion of the tournament as part of Knights of Degen's "Stake2Play" functionality.
5. Follow Along
Once you're submitted, you can follow along and track your standings in the Knights of Degen app. Beyond the Final Four tickets to the winner, the prize pool will allocate 30,000 $DGEN to users as well.
Get More March Madness
Knights of Degen is not the only NFT community exploring March Madness.
Below find more March Madness opportunities depending on the NFT projects you hold:
Knights of Degen announced "Degen Brackets," an NFT/March Madness crossover in a teaser video shared with its Twitter following on Thursday night.
The Deets
Degen Brackets are March Madness brackets that are minted on the Polygon blockchain. Additional details include:
- Users can join or create a "tournament" in which other brackets may be entered.
- Degen Brackets is mobile first, running on the Knights of Degen app (available on iOS and Android).
- Prizes like Knights of Degen NFTs, or $DGEN, the ERC-20 of KoD can be won.
- Users will automatically get a web3 wallet in app, without needing to remember a seed phrase.
❗Why It Matters
March Madness is a major cultural event for sports fans and the general public. Knights of Degen - the web3 community for sports and gambling fans - is utilizing its niche to drive attention to its brand via an innovative approach to March Madness participation, all while removing a major barrier to web3 adoption (initial onboarding).
🎬 Take Action
Prepare for Degen Brackets by downloading the K.o.D. mobile app in the iOS or Google Play Store.
Knights of Degen released its updated whitepaper yesterday to "set out the next phase of the development of the Knights of Degen ecosystem," while touching on a number of initiatives fior 2023 and beyond. In this article, we'll review some of the main takeaways from this announcement by the web3 sports brand.
Launching the KoD Mobile App
The project's upcoming app will serve as a hub for KoD holders to interact with each other on iOs, Android, and web. A valid "Degen Identity" will be required in order to access the app as proof of membership in the ecosystem. Interested users can join the app's whitelist here by entering password "carpeDegen" and providing an email address.
A key feature of the app will be the "Degen Feed", which covers the betting and fantasy activity of users in the KoD app. Members will be able to link different third party sports betting or fantasy applications to the feed, and that activity will be viewable by other app users.
Knights of Degen will also host "Degen Tournaments" via its app. Eventually, the app will support fully customizable, user-hosted tournaments, where tournaments can be josted by anyone in the KoD ecosystem.
What is a Degen Identity?
A KoD Identity is comprised of a member's username, avatars, web3 wallet, NFT characters and authorized third party apps. It serves as an on-chain personal identifier that is used to connect the various apps and products across the KoD ecosystem. One motivation the project had for creating Degen Identities was to help onboard new collectors by assisting with key storage and asset custody.
The whitepaper also mentions an upcoming "Gen II Knights" collection, which will serve as "the virtual personification of your Degen Identity." Gen II Knights will be customizable NFTs that provide utility within the ecosystem.
Fantasy Initiatives with LeagueDAO
Knights of Degen acquired the fantasy sports platform LeagueDAO in the summer of 2022, and this acquisition will help KoD integrate fantasy applications into the KoD ecosystem. KoD's fantasy product will be called "Degen Fantasy", and it will allow users to join and host web3 fantasy sports leagues within the ecosystem. The whitepaper provides an example future usecase of a manager being able to sell or rent out players on their team in exchange for $DGEN tokens. A variety of different fantasy formats will be supported, including:
- Season Long Fantasy Mega Leagues: multi-division season-long managed leagues
- Season Long Dynasty Leagues: Multi-year managed leagues
- Scramble Fantasy: A unique NFT-powered format where collectors mint NFTs of random players, which are then "scrambled" into teams
Members will be able to enter contests in one of three ways: by entering free-to-play contests, by staking the project's upcoming native $DGEN token, or by traditional paid entry
Betting to Earn
Members will be able to earn the project's $DGEN based on their betting activity and/or through the completion of different tasks called "quests." Contests and quests will be presented and voted on by the project's DAO.
What is The $DGEN Token?
$DGEN will be the native token of the Knights of Degen ecosystem. When the $DGEN token is released, it will be distributed according to the following allotments:
- 45% to the Degen DAO Treasury
- 30% to Knights of Degen Inc.
- 10% to Contributors
- 15% via Token Claim
There will be a DAO staking pool where holders can stake their tokens to vote on different DAO proposals, with DAO governance serving as one of the token's main utility functions. The other function is the token's use as an in-game currency as referenced in previous sections.
The DAO will also be responsible for funding ecosystem development grants, managing the DAO Treasury, reviewing and approving proposals, and managing Degen Ventures, the venture arm of the DAO, among other duties.
Read the whitepaper in its entirety here.
