What Is Cradles Coin (CRDS): Let’s Play to Unlock

As technological advances fuel the continuous surge in demands for DeFi and web3 games, we’ve been spoiled with the choice of over 5,000 current gaming tokens. Some of the most popular ones include Axie Infinity (AXS), The Sandbox (SAND) and Enjin Coin (ENJ). We’re familiar with the myriad play-to-earn concepts. Among the myriad play-to-earn concepts, Cradles's Play to Unlock (P2U) approach stands out prominently, focusing on fair, transparent yet immersive gameplay without excessive gimmicks. This article will delve into the details of CRDS coins and explore their purpose, functionality and impact in the digital currency landscape.

Key Takeaways:

• Cradles utilizes a novel economic model called Play to Unlock to promote a fair and healthy competitive gaming environment — eradicating the abuse of gaming bots that are disproportionate to their input.

• Players must engage and interact with in-game communities in order to complete activities and perform on-chain operations to unlock their tokens.

• Cradles will periodically airdrop mysterious NFTs that possess enigmatic energy, which can instantly unlock a certain amount of CRDS upon any mission or task completion.

What Is Cradles: Origin of Species?

Cradles: Origin of Species is an MMORPG (massively multiplayer online role-playing game) built to provide web3 gamers with an exceptionally polished gaming experience that mimics Web 2.0 gaming with a touch of novelty economic model powered by blockchain technology.

Its gaming system features an immersive prehistoric world storyline with unique gaming modules for inventory management, guild interaction and novel earning mechanics. Inside the game, players can acquire crystals, which are the core currency in the world of Cradles. These crystals can be used to purchase a wide array of goods, and can also be exchanged for in-game tokens (CRDS). 

Understanding the Play-to-Unlock Concept

The play-to-earn concept focuses on rewarding players with cryptocurrency for their time and effort spent completing in-game quests, winning battles and selling in-game assets for cryptocurrencies. The play-to-unlock (P2U) model, on the other hand, focuses on unlocking CRDS using a deposit-based approach, preventing speculators from immediately injecting their profits into the secondary market for gains. The tokens within CRDS deposits inherently have a three-year lock-in period, making it impossible for speculators to unlock them swiftly. Moreover, all players can attain similar rewards, with a maximum of ten times the rewards for the highest-ranked versus the lowest-ranked player. 

However, lock-in periods vary. Lower-ranked players, needing more mastery of game intricacies, may be unable to complete all unlock tasks, meaning the Cradles Power they acquire may not reduce their lock-in time. On the other hand, higher-ranked players, skilled in completing in-game tasks, can achieve a shorter lock-in period.

Players are required to engage in in-game activities and perform on-chain operations to unlock their tokens. For example, the native coin (CRDS) represents a form of off-game cryptocurrency. Players must complete daily tasks published on the mission platform, earning them Cradles Power that will then facilitate the swift unlocking of their tokens, thus allowing them to acquire CRDS. Each CRDS deposit comes with a three-year lock-in period, and can be used with an NFT or Cradles Power and the Furnace Contract (see below) to unlock. 

We’ll discuss the specific value of CRDS later in the article. 

How to Play: Cradles Gameplay

Cradles offers diverse features and immersive gameplay that allows players to experience the thrill of an MMORPG like no other. The game focuses on a prehistoric realm teeming with prehistoric creatures and monsters. Players must exercise extreme caution when dealing with these creatures in order to avoid being slain. Furthermore, gameplay takes place in a lawless land where player-versus-player (PVP) interactions are permitted, allowing your hard-earned loot to become fair game for others. 

The Cradles game system includes modules for inventory management, guilds, monsters, skills and talents. The game's content is regularly updated to serve players better. Inside the game, players can acquire crystals, which are the core currency in the world of Cradles. 

These crystals can be used to purchase various goods, and exchanged for in-game tokens. However, exercise caution, as all items in a player’s inventory will be dropped upon their in-game death. This presents both an opportunity and a challenge as you can kill other players to gain advantages, but a player also risks significant loss if their character is slain.

The game also features an extensive PvP system with over 180 weapons and 100 skills. Players are encouraged to pay attention to their talent system in the game. They can access more powerful weapons and skills by leveling up to unlock the talent system. PvP can occur either in designated dueling arenas or in specific areas within the game, such as mining zones. 

Crystals vs. CRDS

Crystals are the most precious items in the game, and you can collect them within the mining zones. However, you'll need to equip yourself with a pickaxe and acquire mining skills. For specific requirements and item needs, follow the instructions to set up once you’re in the game. Upon entering the mining zone, the crystal mine will guide you in obtaining the necessary tools and skills. Once you've collected crystals, you can exchange them for CRDS deposits. 

CRDS is a form of off-game cryptocurrency. Each CRDS deposit comes with a three-year lock-in period and can be used with an NFT or Cradles Power and the Furnace Contract to unlock. Players who received CRDS will have a three-year lock-in period. While Cradles Power facilitates the swift unlocking of your tokens, allowing you to acquire CRDS. 

What Are Cradles Coins (CRDS)? 

Cradles’ native token is CRDS, with a total supply of 300,000,000 tokens. Most of the CRDS tokens will be distributed to the community, allowing them to contribute to Cradles' improvement. On the Token Launch night, CRDS will be airdropped to all community members. All eligible community members will receive CRDS rewards for free.

Tokens allocation is planned as follows: 

Furnace Contract Group 

The Furnace Contract is a new type of contract catering uniquely to Cradles. It’s designed for token unlocking, as opposed to pledging.

All CRDS tokens come with a three-year lock-in period. After players cash out their crystals, the crystals will become a deposit in the Furnace Contract, naturally subject to a 3-year lock-in period. After three years, you can withdraw all the CRDS within the deposit. However, if you acquire Cradles Power and burn it, you can reduce the unlocking time by a maximum of 70%. 

Cradles uses this mechanism to prevent speculators from immediately cashing out upon obtaining tokens. In addition, it rewards players familiar with the task processes and mechanisms by allowing them to receive their rightful rewards.

The Furnace Contract consists of two parts. The first one involves directly exchanging CRDS using NFTs, while the second part entails using Cradles Power to reduce the lock-in period. 

• Direct Unlocking: Players use a decaying hourglass to unlock a deposit directly. This hourglass will burn within the contract. 

• Shortening Lock-in Period: Players use Cradles Power to reduce the lock-in time of a specific deposit (with a maximum reduction of 70% each time). Specific guidelines will be provided for this in future versions.

Special NFTs

These NFTs are airdropped to players. They are mysterious and possess enigmatic energy that can instantly unlock a certain amount of CRDS. Players must pay attention to daily tasks and special missions to unlock these NFTs. Upon completing a special mission, you’ll receive a decaying hourglass. Be sure not to miss tasks related to a decaying hourglass.

Events

Mysterious events feature arena battles in which players will have a higher chance of receiving extra CRDS as rewards. However, please note that events with potentially lucrative rewards often require using CRDS as entry tickets. All players need these tickets to enter and compete in the Events section to win big prizes.

Is CRDS a Good Investment? 

Cradles is built on the Arbitrum One network, and its P2U mechanics are used to preserve the longevity of the games. The unique Furnace Contract allows users the privilege and ability to shorten the coins-locked period of a specific deposit. 

The game promotes a healthy and fair gaming environment by eradicating the abuse of gaming bots that are disproportionate to their input. Essentially, the more players engage and interact with in-game communities to complete activities and perform on-chain operations, the higher the chances of unlocking their tokens.

Unlike traditional game projects, Cradles focuses on the community, as it represents the voice of all users in the entire game process. The Cradles world is built with robust game development, game design and voting rights to promote fairness and transparency, thus, increasing the game’s sustainability. 

How to Start Investing in CRDS on Bybit

Users interested in CRDS can sign up for a Bybit account and trade with Bybit Spot for the CRDS/USDT pair. However, since CRDS is the latest coin listing via Bybit Launchpad, investors who participate in the event must complete the following requirements: 

Only users who have completed the Identity Verification Level 1 individual or business requirement are eligible for the Launchpad event.

Users from restricted countries are not allowed to use Bybit Launchpad 3.0.

Please note that Identity Verification must be completed before the subscription period starts. Please click here to complete your verification. 

Please follow the four steps below:

1. Sign up for (or log in to) your Bybit account 

2. Select Account & Security in the upper right-hand corner of the page

3. Click on Verify Now under Account Information → Identity Verification

4. Complete your Level 1 Basic Verification

And you’re set to go!

Here’s the timeline for CRDS on Bybit Launchpad:

• 11.16.2023, 10:00AM UTC: Launchpad officially announced

• 11.16.2023, 10:00AM UTC: Snapshot starts soon

• 11.17.2023, 12:00AM to 11.21, 11:59PM UTC: Snapshot for 5 days 

• 11.22.2023, 3:30AM–10:59AM UTC: Subscription phase (lasting 7.5 hours)

• 11.22.2023, 11:00–11:59AM UTC: Token distribution phase (lasting 1 hour) 

• 11.22/2023, 12:00PM UTC: Listing CRDS/USDT Spot trading pair 

• 11.22.2023, 12:00PM UTC: Deposit Open 

• 11.23.2023, 12:00PM UTC: Withdrawals Open

The Bottom Line

Cradles is more than just a blockchain game, focusing on gameplay and the game's sustainability. It consists of a global team of professional film and television producers who can provide uniform designs, film and television performances, sound effects and more. Although the community isn’t yet large, the developers promise to improve continuously and to raise more funds for development.

#Bybit #TheCryptoArk