As promised some time ago, I wrote an article that describes my opinions and thoughts about the top 10 games I had created before.  We are about to start!🎮

I split this article on 2 parts to see your reactions and opinons

In the first of my article, I enumerated the top 10 at least playable games on the blockchain.

This article has only my thoughts.  I'll try to describe the benefits and disadvantages that I found.

This list in no particular order and definitely not an exhaustive, full list.

Special thanks to PamPo (for awesome Visual content)🤝

His Binance Feeds: https://www.binance.com/en/feed/profile/16889103

1. #Gods Unchained | 5.7/10🎮

Platforms: Ethereum

GodsUnchained is a decentralized competitive card game. It draws the user into a magical and slightly warlike atmosphere. The essence of the game is to collect/win strong decks of cards and show promising results in tournaments. You can buy/sell cards there freely.

Benefits ➕

➕ The game is constantly being updated with new features and content

➕ Large community and active user support

➕ The opportunity to start the game for free

➕ Graphics, animation, and in general everything related to visual and audio perception is done at a high level.

Disadvantages ➖

➖ Gods Unchained is nothing groundbreaking in terms of gameplay and functionality.

➖ Problem with the balance of game cards

Final thoughts:

Probably  I will come back there one day, but I'm not sure. The development plans are too uncertain, the cards are too expensive and the balance, although often subject to changes, is still not stable.

2. #Galagames | ?/10🎮

Platforms: BNB Chain, Polkadot.

A crypto gaming project that develops online games and provides players with control and ownership of a property through the use of their internal token.

Benefits ➕

➕ The opportunity to start the game for free

➕ Variety of game genres

➕ Availability of browser and desktop projects

➕ Regular new tools

Disadvantages ➖

➖ Slow development and an implicit future

➖ Not high popularity

With the future of the Gala Games, not everything is clear. On the one hand, the platform is developing and constantly replenished with games. Of course, these are far from masterpieces. But there are a couple of noteworthy titles that are being developed by experienced game designers. One of them will even make it to a major play store.

Serious funds are investing in the platform. And the developers even managed to agree on cooperation with a famous comics artist. All this, as well as a number of other factors, paint very bright prospects for Gala Games.

3. #Miniroyale 4/10🎮

Platform: Solana

Nations is a fast-paced and exciting FPS game that takes the best aspects of other games in the genre such as VALORANT, CS GO, and Call of Duty, and simplifies them into an easy-to-play blockchain gaming experience.

Benefits ➕

➕ The opportunity to start the game for free

➕ One of the first stable FPS shooters on the blockchain

➕ Very addictive and catchy

Disadvantages ➖

➖ Monotony

➖ Commonplace mechanics

➖ Rapid fall in popularity

➖ Graphics for an amateur

➖ Extracting money from users

You will not see here the ladder system, it's just a time killer or meat grinder.

The game at the exit, although it was primitive, showed very great promise. After so much time, we can see a simple pumping of money from the players, i.e. a constant update of the donation and not the game.

4. #Metastrike 7.5/10🎮

Platform: BNB Chain

One of the winners of the BNB Chain Vietnam-based accelerator program. 

Metastrike is a Multiplayer 3D FPS #BlockchainGame project that includes many essential and advanced features of a shooting game, with modern gameplay and high effort investment in both visuals and gameplay.

Metastrike is also a multiplayer #NFT GAME that allows large numbers of people to own 3d NFT guns and use those NFTs to participate in the fighting arenas and make real profits from the battles.

In particular, they allow players to freely customize the shape, and color as well as upgrade weapons, equipment, and costumes to the liking of each player through various ways and events in the game with their in-game currency/tokens.

Benefits ➕

➕ Pretty well 3D graphics

➕ Opportunity to play VR

➕ Experienced team

➕ Huge community

Disadvantages ➖

➖ The inconvenience of using the application (alpha and beta both)

➖ High ping for EU, and US players

Development is in full swing. Paired with the most active blockchain and experienced developers, the game has found its audience. The expectations from this game are very high both from the community and from me. 

It's hard to rate this game yet because the full version hasn't been released yet.

5. Thetan Arena | 5/10🎮

Platform: BNB Chain

Created by the game development studio WolfFun, Thetan Arena is a blockchain-based multiplayer online arena game available on PC, Android, and iOS devices. Thetan Arena is also a play-to-earn game, allowing players to get rewards simply by interacting with the platform.

Benefits ➕

➕ Nice graphics

➕ Catchy gameplay

➕ Frequent updates (maps, heroes, balance)

➕ Cross-platform

➕ 800k+ players at the peak of popularity

Disadvantages ➖

➖ Player mistrust

➖ Sameness

➖ Unstable economy

➖ The sharp drop in popularity

➖ Greedy team

Thetan Arena is a fun and well-made game. The gameplay is smooth and bug-free. Easy to start and free to play. It is a nice game to play on your mobile. The biggest drawback is the greed of the developers and the community is not that active.

The future of this game is not clear because after such a large fall, it is unlikely that anyone will want to invest in it again. But we are now discussing the gaming component.

This concludes the first part of the thread. I really hope you liked it. It would be fantastic to see your suggestions for a game review and I, in turn, would evaluate its pros and cons.

In the second part, I'll share my thoughts about such games/platforms:

The Sandbox

Mobox

META Apes

Axie Infinity

Illuvium

I also look forward to your opinions or comments below⏬

If you've read this far, you're incredible❤️

The recent news that the New York Department of Financial Services (NYDFS) has instructed stablecoin issuer Paxos to cease minting Binance USD (BUSD) tokens, following reports of the U.S. Securities and Exchange Commission (SEC) threatening legal action against Paxos, has once again highlighted the precarious position of stablecoins. These digital currencies lack a decentralized option that is also capital-efficient and stable. In this article, we will explore the state of the stablecoin market and how Helio Protocol (HLOS) can provide a decentralized and stable solution.

The Problem with Stablecoins

Stablecoins are a type of cryptocurrency that are backed by a reserve of assets that have a stable value, such as the US dollar. The idea is that they can be used for transactions without the volatility of other cryptocurrencies. However, the current stablecoin market is facing several challenges.

The first challenge is that most stablecoins are issued by centralized entities, which makes them vulnerable to regulatory pressure. The recent developments with BUSD and Paxos demonstrate the risks associated with centralized stablecoins. A centralized entity can be forced to stop issuing stablecoins or face legal action, which can destabilize the entire stablecoin market.

The second challenge is that most stablecoins require capital efficiency, which means that the reserve of assets backing the stablecoin is more than the actual value of the stablecoin in circulation. This is to ensure that the stablecoin remains stable even in the face of market volatility. However, over-collateralization is a capital-inefficient solution, as it requires the stablecoin issuer to hold more assets than necessary, which can limit the scalability of the stablecoin.

Stablecoin Options on BNB Chain

One popular option for stablecoins is Binance USD (BUSD), which is a stablecoin issued and managed by Paxos. However, with Paxos ceasing to mint BUSD tokens, this option is no longer viable. There are other stablecoin options on Binance Chain, such as USD Coin (USDC) and Tether (USDT), but these are also centralized and require over-collateralization likes DAI, TUSD or PAX

Introducing Helio Protocol

Helio Protocol is an open-source liquidity protocol built on the Binance Smart Chain (BNB) that allows users to borrow and earn yield on its native destablecoin, HAY. The protocol aims to position HAY as not only the pioneering but also the leading destablecoin protocol on the BNB chain. The team behind Helio Protocol has been working to develop a stablecoin product that offers sustainable, real-yield, and is resilient against market sentiment to users. In this article, we’ll take a closer look at Helio Protocol’s vision, mission, background, advantages, security strategy, tokenomics, and future plans.

The Helio Protocol’s mission is to bring in a destablecoin product that offers sustainable, real-yield, which is resilient against market sentiment to users. The protocol aims to disrupt the stablecoin industry by providing a product that achieves capital efficiency, decentralization, and safety at the same time. Helio Protocol’s current goal is to make HAY the most widely-adopted destablecoin product in the BNB ecosystem. In the future, the team looks towards bringing HAY across multiple chains and becoming the driving force behind mass-adoption of cryptocurrency.

Background

The team behind Helio Protocol has a deep involvement in not only the wider cryptocurrency landscape but also in stablecoin products and BNB chain ecosystem. The team realized early on that BNB chain lacked a leading decentralized stablecoin product that other blockchain ecosystems had. Thus, the team had been slowly, but surely iterating on the concept of Helio and HAY for a very long time. The team formerly banded together to build Helio Protocol during the early summer of 2022, when the markets saw the collapse of several large crypto projects and institutions.

Currently, Helio Protocol has a very lean team structure, with the founding members remaining anonymous. However, the team brings together significant years of experience in top finance, management consulting and technology companies, as well as multiple years of experience in cryptocurrency space. The team is united over the common beliefs that stablecoins can act as a key bridge towards cryptocurrency mass adoption and that the BNB chain is the perfect place to build on.

The advantages of Helio Protocol for users compared to similar projects in the mainstream financial market

One of the key advantages of the Helio Protocol is its decentralization. Unlike other stablecoins such as BUSD, which are centralized and backed by fiat currency held by a centralized custodian, HAY is backed by decentralized cryptocurrency assets such as BNB. This makes it more resilient to market sentiment and less susceptible to regulatory risks or intervention, as is the case with Paxos and BUSD.

Another advantage of Helio Protocol is its focus on capital efficiency. HAY allows users to earn yield on their collateral through liquid staking, which is not offered by some other similar Defi stablecoin products on the BNB chain. This means that users can earn additional returns on their collateral without having to go through the process of unstaking it, which can be time-consuming and may incur fees.

Additionally, Helio Protocol’s LTV ratio of ~66% provides a level of safety for users. This means that for every $100 worth of BNB deposited, up to $66 of HAY can be borrowed. This ratio has been battle-tested by other DeFi projects like MakerDAO, and helps to ensure that there is always enough collateral to cover any potential bad debts, while maintaining the peg to USD.

Another advantage of Helio Protocol is its open-source code, which is accessible to the public. This means that anyone can review the code and contribute to its development, improving the transparency and security of the protocol. Helio Protocol has also been audited by leading audit firms such as PeckShield, Certik, and Veridise, which adds an extra layer of security and gives users peace of mind.

Finally, Helio Protocol offers users the opportunity to participate in the governance of the protocol through its HELIO token. This means that users can have a say in the future direction of the protocol and contribute to its development, which is not possible with traditional stablecoins like USDT or Tether.

Overall, Helio Protocol offers a unique set of advantages for users compared to similar projects in the mainstream financial market, including decentralization, capital efficiency, safety, transparency, and governance.Conclusion

The recent crisis that has emerged around BUSD has brought to light the urgent need for a decentralized, stable and capital-efficient stablecoin option. As BUSD has been the primary stablecoin relied upon by BNB Chain, recent news regarding Paxos and the NYDFS has sparked concern among users. In response to this, the Helio Protocol presents a compelling solution. With a scalable, decentralized, and stable platform for the creation and management of stablecoins, Helio Protocol can provide a viable alternative for users seeking a stablecoin option that is free from the risks of centralization. As the cryptocurrency market continues to mature, platforms like Helio Protocol will undoubtedly play an increasingly critical role in developing innovative and new solutions for the challenges facing the industry.

While Helio Protocol has not yet reached TGE, the community may look forward to exciting new possibilities in the near future. We should keep an eye on this early-stage startup because of its promising product foundations.

It isn't investment advice. Before making any high-risk investments in cryptocurrency, or digital assets, investors should conduct extensive research. Please be aware that any transfers and transactions are entirely at your own risk, and any losses you may experience are entirely your own.

Source: CoinWire