What if you can make money while playing your favorite game? Sounds too good to be true right?
Thanks to blockchain technology. The newest trend in town that disrupted the video gaming industry is playing play-to-earn video games.
Forget Axie Infinity. I know you’ve heard about that.
In this article, we will dig into the details of the latest NFT blockchain-based game called My Defi Pet.
The purpose of this post is to determine whether My Defi Pet is legit or a scam and whether it’s a real play-to-earn video game.
Moreover, I will also teach how to buy My Defi Pet token called DPET and how to play the game in general. So, keep reading this My Defi Pet review.
Table of Contents
What is My Defi Pet
Its whitepaper says My Defi Pet is a virtual pet game that combines Defi (decentralized finance), collectibles, and your personality. The game involves collecting, breeding, evolving, battling, and trading unique and cute pets.
It is an NFT blockchain-based play-to-earn video game. NFT stands for Non-Fungible Token, a unit of data stored in a blockchain. Every pet in the game is put into NFT to have a unique characteristic different from the others.
While not integrated yet on the current version, it is designed to be a play-to-earn game. Players can trade their pets or join battles to earn in-game cryptocurrency in the future.
The Team Behind My Defi Pet
Kardiachain, the first decentralized, interoperable blockchain platform in Vietnam and South East Asia, launched the game in May 2021. It’s backed by several investors, among others, such as Kardia Ventures, Axia8 Ventures, and Megala.
It was developed in coordination with Topebox, a popular and trusted game developer in Vietnam. Topebox is the same developer behind the games Sky Dancer and Thief Rivals.
Liem Thai, the Product Lead at Gameloft, together with the experienced blockchain and game developers, composed the team.
How My Defi Pet Works
Based on its official white paper, Defi Pet’s gameplay revolves around collecting, breeding, evolving, battling with, and trading for pets. The developers adopt a seasonal concept to break down the game’s progress into smaller parts.
The current version of the game only allows you to raise and feed your pets with corn, wheat, potato, and other crops. Installation is not required since it is a browser game.
How to Collect Pets
There are two ways to get a pet. One is through summoning while the other is via auction.
Summoning means you obtain a random egg after consuming a certain amount of DPET tokens (3 tokens). Auction means you join the bidding to get the pet.
Auctioning is not yet integrated into the current version
Combining any two pets will create a new one that inherits its parent’s genes. Currently, breeding cost 5 DPET tokens and will take place in the Happy Forest.
Your pet must be level 10 before it can breed.
Your pet can be evolved after reaching level 10. Evolving a pet will require 3 DPET tokens. To reach that level your pet must be feed with enough food.
To have a steady supply of food for your pets, you need to plant various plants in your plots.
Battling in My Defi Pet
Battling is not yet integrated into the current version. However, it is already in their pipeline and will be added in the future.
This is not yet integrated yet into the game. But, according to its whitepaper, you can trade your pets for a certain price.
My Defi Pet In-Game Resources
Aside from the native DPET token that you are to use to buy eggs, evolve, and breed pets, other resources are also used in the game.
You need silver to buy cages and farm lot. Also, you need it to plant food and upgrade cages. Your pets will produce silver while inside the cage.
You use food to level up your pets. Gem is used to buy lacking resources, hasten the planting, and fast-track the construction or upgrading of buildings and cages.
How to Buy DPET Tokens
Remember, you need a DPET token to have pets in My Defi Pet. If you have been buying cryptocurrencies, this step is very easy for you.
All you need to do is buy BNB in Binance. Send the BNB to MetaMask wallet and convert it to DPET token using Pancake Swap.
For beginners, I suggest you follow the steps below on how to buy DPET tokens to play the My Defi Pet game.
First, you need to install the MetaMask chrome extension and click create a wallet. Then, choose your password and keep a backup of your secret phrase. Never disclose your secret phrase to anyone else.
Connect your MetaMask wallet to Binance Smart Chain Network. This step is very important otherwise you will be dealing with the Ethereum network which won’t work with Binance Smart Chain. Follow the succeeding steps to do this properly.
- Select “Settings” from the dropdown menu.
2. On the Settings page, locate the Networks menu.
3. Click add Network in the top-right corner to manually add the Binance Smart Chain. Use the following parameters:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
4. Click Save. Once you Save the Network and return to the main view, the network has automatically been set to the one you just entered, and the units are no longer denominated in ETH, but in BNB. Now we are ready to buy BNB in Binance.com and transfer it to this wallet.
Buying BNB shouldn’t be hard for you. Just register in Binance.com. Proceed to fiat and spot. Search BNB and click on buy.
Then, send your BNB to your MetaMask wallet. Simply click on “Account #” to copy your address in MetaMask. When sending, ensure that using BEP 20 (BSC) otherwise your crypto would be lost.
Once you received your BNB in your MetaMask wallet, proceed to Pancake Swap so you can exchange your BNB with DPET tokens. Just connect your wallet and follow the instructions in the swap.
I suggest you retain a few amounts of BNB to cover the gas fees because you might need it during your transactions in the My Defi Pet Game.
After exchanging your BNB with DPET token, proceed to https://play.mydefipet.com/ and connect your MetaMask wallet and start playing.
My Defi Pet Play to Earn Features
The play-to-earn aspect of My Defi isn’t integrated yet in the current version. However, the latest roadmap indicates that the developers will integrate these features sometime in various dates of years 2021 and 2022.
Since play-to-earn features aren’t integrated yet, the best thing you can do now to is to level up your pet. Farm more resources and upgrade buildings and cages.
My Defi Pet Roadmap
- Blockchain Feature: Breed (Released)
- In game Feature: PVP Teaser, New UI and UX, Sell Cage Feature, Bank-Increase Silver Storage.
- Season 1: Boss Fight Event
- Introduce New In-game Token for Play to Earn Features
- Play to Earn Features include: PVP Battle, Campaig Mode (PVE), Daily Quest, World Boss
- In-Game Features: Skill System, Social Features.
- Play to Earn features: Campaign Mode (unlock more maps), Endless Tower, Pet Expedition
- Mobile App Release
- Limited Nextgen Pet Sale
- Season 2: Super Hunger Game
- Play to Earn Feature: In-Game Lending Pet
- Limited Land Sale
Is My Defi Pet Legit or Scam?
My Defi Pet is a scam. Updates and progress of the game are relatively slow. There were several issues of the game that weren’t resolved properly. Developers aren’t competent enough to create a good product.
The long maintenance turned out to be hacked server incident. Accounts were reset to level 1 when developers are debugging on the current production server. The team admitted they couldn’t fix the problem and compensated those affected.
They hyped “boss fight” but delivered a frustrating release where people can’t join despite paying gas fees. During the boss fight, they had 900,000+ transactions without realizing that 90%+ of them failed.
During the incidents mentioned above, the community leaders are out and communication channels are muted. A lot of people are frustrated about this game because instead of building a solid product, the team is focused more on marketing which inflates the price of the DPET token.
I suspect the people behind this project are hyping the game to make money from the new investors by dumping their DPET tokens.
They usually do long maintenance with no new features afterward. If you follow their Twitter account, you will notice that most people are disappointed in the game.
Overall, I believe developers aren’t competent enough to develop this blockchain NFT game.
I couldn’t tell if My Defi Pet was a Ponzi Scheme without play-to-earn features. It’s simple to spot a Ponzi scheme; making money from new investments is clearly a scam.
Should You Join In and Play My Defi Pet?
At this point, I don’t recommend My Defi Pet. The game hasn’t changed much since I joined 2 months ago. The team couldn’t solve many of the game’s issues. I believe it is a scam.
But, if you really want to join. Here’s my advice.
Playing My Defi Pet requires an investment of money. So, invest only what you can afford to lose.
The game has several competitors in the market. We do not know what lies ahead. Conduct due diligence before making any investment decisions.
I believe My Defi Pet is a scam. The game’s updates and progress are relatively slow. There are many issues with the game that are not properly resolved. Hence, I don’t recommend joining the game and buying their DPET token.
The game is pay-to-play. You need to buy DPET tokens and use them to buy pets. The more pets you have, the faster you’ll level up.
Play-to-earn features aren’t included in the game yet. So, you might have to wait for few months before you can have your investment back.
However, there isn’t a guarantee that you get back your money invested in this game. So invest only an amount you are willing to lose.
What are your thoughts on My Defi Pet? Do you think it’s legit or a scam? Have you experienced any bugs?
Read: Axie Infinity Scam