neonewstoday.com
DeXFun, an upcoming gamified decentralized perpetual futures platform, has introduced a new mini-game on Telegram as part of its journey toward a full platform launch. This mini-game adds a playful twist to perpetual trading, allowing players to predict market movements while earning points that can later be redeemed for rewards, including tokens and NFTs.
Mini-Game mechanics
The game, accessible via the DeXFun Telegram bot (@DeXFun_Arcade_Bot), lets users place predictions on the future direction of popular cryptocurrencies like BTC and ETH. Players wager FUN Points—DeXFun’s in-game currency—by selecting contracts and predicting whether the market will move up or down.
To play, users must simply hold the “Up” or “Down” button, analogous to holding a perpetual future contract, and release it when they would like to close on their prediction. The game uses 1,000x leverage, amplifying the potential rewards for correct predictions, with players able to select what percentage of their points they would like to bet.
Points are calculated using the formula:
(Exit Price / Entry Price - 1) x 1000 x points wagered
This formula applies both when betting on upward and downward movements, with real-time price changes determining the outcomes.
Source: DeXFun Medium
In addition to trading predictions, users can earn extra FUN Points by referring friends, following DeXFun on social media, and participating in special campaigns. These points are intended to be redeemable for rewards as DeXFun continues to roll out additional features and airdrops.
Expanding engagement with gamified perpetual futures
This mini-game serves as a precursor to DeXFun’s broader vision of combining decentralized finance with gaming. Set to launch on Neo X as a recipient of support from Neo’s Elevate Program, DeXFun aims to gamify the process of perpetual futures trading, providing a user-friendly interface that blends social interaction and trading strategy.
Perpetual futures, or perps, are a type of derivative that allows traders to speculate on the future value of assets without expiration dates. DeXFun plans to enhance this trading experience with mini-games, leveling systems, and social features that allow users to share strategies, compete with friends, and unlock exclusive rewards like badges and NFTs.