Categories: EducationFAQ

What Is Everdragons?

The concept of CryptoKitties has led to a fair few similar projects over the past few weeks. While cars, tanks, and other objects are all appealing, dragons are by far the most intriguing. A project known as Everdragons is trying to capitalize on the allure of these majestic winged creatures and combine them with blockchain technology. There are quite a few potentially interesting things about this concept to take into account.

The Idea Behind Everdragons

While most people would classify Everdragons as a direct CryptoKitties clone, there are some key differences between the two. The former project makes use of real-world events and focuses on gamification first and foremost, with a chance for users to actually win cryptocurrency. It also features blockchain assets, known as Everdragon Eggs, which will hatch when the marketplace goes online.

Under the Hood

There are three key aspects of Everdragons to keep an eye on. First of all, there is the collection aspect, similar to how CryptoKitties works. Users can buy 100% unique eggs with Ethereum. Every hatched dragon has unique stats, including mana, prestige, and gems. These dragons will be tradable on the marketplace once it goes live, which should take place sometime in the next few weeks.

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Secondly, there is a “play” aspect, as one would expect. Everdragons can compete in various games, giving them a chance to win gems, prestige, and cryptocurrency. All games will be based on real-world events, including sports, cryptocurrency price movements, and so forth. Every dragon will respond to these games differently, depending on their source of mana.

Last but not least, players can also enjoy the betting portal offered by Everdragons. Even users who do not own any dragons can participate in this feature. Anyone who places the right bet on the correct dragon has a chance to win Ether, which will undoubtedly attract some attention down the line. The bets will revolve around real-world events as well, which will make this project highly engaging for most people.

The Road Ahead for Everdragons

Everdragons are ERC-721 tokens, and it will be interesting to see how this new standard holds up. The team is currently launching its Initial Dragon Offering and the associated pre-sale of eggs. Trading of assets should be going live in June, with the Play feature being added in July. Winning Ether will not be possible until September.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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