What is Affyn (FYN)

Affyn is a Singaporean company creating a blockchain-driven mobile Metaverse. It combines both the element of Free-to-Play and Play-to-Earn. Furthermore, they are integrating with geolocation technology that merges the virtual and real worlds. By taking advantage of geolocation and augmented reality features, Affyn combines the enjoyment of gaming with blockchain innovation.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (FYN/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is Affyn (FYN)
What is Affyn (FYN)

What Exactly is Affyn?

Affyn is working on developing a Multiverse consisting of interoperable games and metaverses powered by blockchain technology. With the help of a global community of co-creators, the aim is to create a sustainable economy that merges the virtual and real worlds.

Interoperability is a key feature of Affyn Multiverse. There, NFTs are usable in all of the games available on the platform. Affyn has also found a solution to ensure that the rewards remain attractive to existing and new players. This will maintain a long-term and growing game economy.

Mobile geolocation-based gaming is a rising trend. Therefore, Affyn is planning to pioneer the mobile play-to-earn category in the blockchain space. In addition, users who earn FYN do not need to convert it into fiat currency to use it in the real world. Affyn provides special privileges and benefits for those who choose to pay in FYN.

The Features of Affyn

Affyn has a long-term strategy to create a sustainable business model by building an integrated ecosystem in which players can derive value from the NEXUS World play-to-earn concept. This approach differs from traditional gaming platforms. Furthermore, Affyn aims to enable players to play and earn sustainably for an extended period. To address sustainability issues related to Web 3, Affyn will implement several initiatives, which are as follows:

Adaptive Rewards Model

To ensure a sustainable business model, Affyn has designed an integrated ecosystem with a long-term strategy. NEXUS World’s play-to-earn concept is aimed at changing the way players derive value from the ecosystem compared to traditional gaming platforms. Affyn aims to make it possible for players to earn in a sustainable manner over a long period of time. In this regard, Affyn will introduce several initiatives to address the sustainability issues surrounding the Web 3 concept.

One such initiative is the adaptive rewards model. During the initial launch of NEXUS World, the play-to-earn rewards will be primarily distributed from the foundation pool. The team has set aside enough resources for this purpose. As Affyn’s user base increases, there will be a shift in play-to-earn reward distribution away from the foundation pool toward other initiatives. Additionally, player-to-player features will be implemented in NEXUS World. This allows players to earn FYN tokens from one another through trades, player-versus-player battles, user-generated content, and other activities.

Multi-Faceted Token Utility

At Affyn, players can earn FYN tokens through various means. For example, users can participate in augmented reality activities and NEXUS World campaign events. There are also user-created games and activities, referrals, NFT sales, royalties, and transactions involving virtual land. To support this play-to-earn concept, creating a multi-faceted token utility for FYN tokens is crucial.

No Non-Essential Staking

Staking is a common practice for cryptocurrencies. It is necessary to secure the network as part of the consensus mechanism requirements. Validators typically lock up their cryptocurrency to earn staking rewards. However, staking rewards are often awarded to users by increasing the circulating supply of tokens. This can negatively affect the token value depending on the number of tokens being released into the market. Although staking is necessary for some projects, many have implemented staking as a marketing strategy even when it is not essential.

However, since FYN tokens are only utility tokens, staking is not mandatory. Affyn believes that a no-staking policy will help protect the integrity and value of FYN tokens for holders by maintaining the same total supply of FYN tokens at any given point in time. Without the increase in FYN token outflow from staking, this supports a sustainable game economy.

What is Nexus World?

NEXUS World is Affyn’s first flagship metaverse. It is a mobile metaverse that has a digital layer mapped to the real world. Users can explore, play, and participate in activities based on their geolocation. The most attractive rewards in NEXUS World require users to initiate get-togethers with their friends and family. Additionally, users can create, own, and monetize their experiences within the metaverse.

NEXUS World Land

In NEXUS World, users can purchase and own virtual real estate called NEXUS World land. This land is represented digitally and mapped according to the real world, with each piece of land being a unique NFT represented by a hexagon. Users can use FYN tokens to purchase and own this land.

NEXUS World NFT Marketplace

Additionally, the NEXUS World NFT marketplace allows users to create, list, buy, and sell NFT character skins, wearables, collectibles, and structures. These NFTs can be integrated into the virtual world, and creators and artists will receive royalties from all sales of their NFT assets.

Tokenomics of FYN Token

Tokenomics of FYN Token
Tokenomics of FYN Token. Image from FYN Whitepaper

Where to buy FYN Token

You can find FYN Tokens here at MEXC! We are listing FYN/USDT in our Innovation Zone!

What is the Price of FYN Tokens?

The FYN token is currently trading at MEXC for $0.05345. It has a fully diluted market of $53,452,488. It also has a 24-hour trading volume of $1,604,604. You can check the live price of their token right here!

How to buy FYN Tokens on MEXC

You can buy FYN Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “FYN” using the search bar to see the available trading pairs. Take FYN/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of FYN you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy FYN] to confirm your order. You will find the purchased FYN in your Spot Wallet.

You can find a detailed guide on how to buy FYN Tokens here.

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