How To Buy Decentral Games (DG)?

A common question you often see on social media from crypto beginners is “Where can I buy Decentral Games?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Decentral Games (DG)

First, you will need to open an account on a cryptocurrency exchange that supports Decentral Games (DG).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Decentral Games (DG) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Decentral Games (DG)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Decentral Games (DG) or Decentral Games (DG) trading pairs. Look for the section that will allow you to buy Decentral Games (DG), and enter the amount of the cryptocurrency that you want to spend for Decentral Games (DG) or the amount of fiat currency that you want to spend towards buying Decentral Games (DG). The exchange will then calculate the equivalent amount of Decentral Games (DG) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Decentral Games (DG) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Decentral Games (DG)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Decentral Games (DG)?

Decentral Games is a play-to-earn metaverse casino DAO powered by the DG token. Built in Decentraland, Decentral Games is a casino ecosystem that is owned, governed, and maintained by its players. The game first launched its closed beta in September 2019 and currently includes poker, blackjack, roulette, backgammon, and slots.

Decentral Games was launched in unison with Decentraland. With the public launch of the decentralized virtual world on February 20, 2020, Decentral Games released its first casino, Chateau Satoshi. Since then, the project has launched five more casinos in Decentraland and has reached a transaction volume of more than 100 million USD. Notable casino partners include Atari and Bored Ape Yacht Club.

In gambling, it is no secret that the house always wins. The founders of the project believe that, in contrast, the treasury should belong to the players. This led the team to create the first ever DAO-governed metaverse casino, powered by ERC-20 token DG. Launched on Polygon, the project provides users with fast and inexpensive transactions on the Ethereum network. Finally, Decentral Games allows its users to earn rewards for playing games, providing liquidity, and participating in governance. This way, Decentral Games seeks to build the only casino where the players own the house.

On September 1, 2021, Decentral Games announced the development of a new metaverse poker game called ICE Poker. The project enables players to earn money by completing daily challenges and competing against each other in free-to-play poker. By introducing wearable NFTs, players can receive Chips daily to play-to-earn ICE and XP. Players can upgrade existing NFTs by burning the adequate amount of ICE and XP, paying 0.1 DG, and burning the old NFT. The wearable NFTs will also be able to be sold in the Decentral Games NFT Marketplace. The objective of Decentral Games, the ICE token, and the NFT wearable market is to establish an ecosystem that incentivizes gameplay and competition.

The Decentral Games Ecosystem

The entire ecosystem of Decentral Games revolves around the dgTreasury and is powered by the native DG token. The treasury acts as the house funds for the casinos, with all the funds collected from players as part of the games being deposited to the treasury, and all winnings paid out from the treasury. Unlike centralized real-world casinos or online casinos, the treasury and house funds are publicly observable and open to anyone to view.

Because it collects and disperses all the fees and winnings the treasury is responsible for bankrolling the entire spectrum of games. This means it needs to function effectively at all times, and must always have enough funds to cover any winning wagers. In order to ensure this is the case not only does the treasury store any collected fees, it also takes advantage of liquidity provisioning by users. This provides the necessary capital for the treasury to function effectively, and also provides users with one means of generating income in the form of DG tokens. In short, the treasury incentivizes users to provide the necessary liquidity that ensures it is always able to pay out on winning wagers in the casinos.

How does Decentral Games work?

Like most play to earn models, the game aims at rewarding players with tokens and NFTs. Also available is the winning pool when users play against each other. 

To participate, players will need to get an exclusive ICE NFT wearable by purchase or by delegation. This will automatically allocate the player with some set of chips which are used to play the poker game. 

Players can earn majorly by doing the following:

1. Completing ICE Poker daily check-in and 3 challenges 
2. Competing for daily leaderboard multipliers based on Chips net winnings
3. Delegating NFT wearables to other players for a passive revenue share. This works like staking. 
4. Receiving delegation to NFT wearables for a revenue share
5. Minting new NFT wearables and selling them on the marketplace
6. Collecting and speculating on ultra-rare DG Diamond Hands wearables
7. Mining for ICE to sell to other players, which is needed to mint rarer NFT wearables

What is the DG token?

The utility token of Decentral Games is the ERC-20 token DG. Users are incentivized to participate in the ecosystem through gameplay rewards, liquidity incentives, and governance rewards. At the core of the ecosystem lies the DG Treasury. All in-game fees are collected in the treasury and are used to pay out winnings and rewards.

Decentral Games Gameplay Rewards

Gameplay mining rewards players with DG for playing games using MANA, DAI, ETH, USDT, or ATRI. A number of variables set out the amount of rewards paid out to players for performing specific actions. For example, the blackjack play-to-mine function determines the amount of DG mined per token wagered in blackjack. DG token holders may vote to change these variables in response to market conditions.

Decentral Games development updates in 2023

Decentral Games has made significant strides in 2023. Here’s a comprehensive overview of their latest developments:

• In-Game Updates and Bug Fixes: In December 2023, Decentral Games introduced an in-game casino bonus notification, enhancing the gaming experience. They also addressed various bugs, including a chip exploit in Challenge Mode, issues in blackjack, and poker game modes to ensure smoother gameplay​​.

• Website Overhaul and Community Engagement: Decentral Games revamped its website to better showcase its games, features, and ecosystem. This update highlights community members’ significant wins, fostering a more interactive and engaging user experience​​.

• Enhanced Casino Features: In November 2023, Decentral Games implemented several updates to its casino offerings. This included a 100% welcome bonus for ETH and USDT deposits, increased max bets in blackjack, and the addition of ETH cash poker tables. They also streamlined the in-world casino login process and introduced a winter theme to the DG Casino, adding a seasonal touch to the gaming environment​​.

• DG Casino and Ecosystem Focus: The platform’s development efforts were centered on the DG Casino app, incorporating wearable utility, and polishing the overall user experience. The ecosystem’s treasury, which stands at $13.7M, includes funds from secondary sale royalties, staked ETH, and USDC from LAND sales​​.

• Governance and DAO Structure: Decentral Games continues to emphasize its decentralized governance model, although there were no active or passed proposals mentioned in the latest updates. The governance structure allows DG token holders to vote on key decisions and changes within the platform​​.

• Roadmap and Future Plans: Decentral Games’ roadmap outlined key milestones, including the launch of a native mobile app, multitable tournaments, private room NFTs, and further Metaverse expansions. These initiatives indicate the platform’s commitment to broadening its reach and enhancing its offerings​​.

• Market Performance: As of late 2023, the DG token is trading at $0.03358, with a market cap of approximately $25 million. While the token has seen fluctuations in its value, these developments could potentially influence its future trajectory​​.

Decentral Games’ updates in 2023 demonstrate a focus on enhancing the gaming experience, engaging the community, and expanding its ecosystem. With its commitment to governance and roadmap for future growth, Decentral Games is poised to remain a significant player in the gaming and cryptocurrency sectors.

Official website: https://decentral.games/

Best cryptocurrency wallet for Decentral Games (DG)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Decentral Games (DG)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).