Transparency within the Ecosystem

As crypto has been steadily increasing in popularity over the years, we have seen exponential growth in the ecosystem that is working on improving everyone’s life through blockchain technology. And, throughout the years, this talk has turned into NFTs and Defi especially for the mainstream. This, in turn, has caused many individuals to question how powerful these features are.

NFTs

But, in reality, an NFT builds on top of an existing product which allows something to be unique. For any newcomers, an NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos(Forbes.com). Anyhow, the PokerFi ecosystem implements NFT miners which creates transparency for our users. And, through this, the combination of the NFT card mining machine mode and card slots allows for the card mining output to be like Bitcoin machine mining, but PokerFi is more suitable for ordinary users to take part, reducing additional computing power and power consumption. So, NFTs have a major part of the token which gains confidence for the users through the backing.

Defi

Trust is an important aspect of any asset. For any newcomers: Defi is short for “decentralized finance,”; Defi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source (coindesk.com). This revolutionary idea is a major part of the crypto space through loans and other aspects. PokerFi uses Defi smart contract codes to ensure the trust mechanism of the entire ecosystem, as well as card NFTs to establish a brand new cryptocurrency ecosystem on public chains such as ETH and BSC.

Conclusion

PokerFi has established a complete development plan intending to build a greener and more environmentally-friendly cryptocurrency system based on DeFi+NFT. By looking at the crypto space, we have recognized that many flaws are underlying it, especially regarding electricity use. By creating a safe, transparent form of backing, the PK token allows for every aspect of the token to be viewed on the outside to gain trust.