In this edition of Spotlight, we bring you the newest addition to the CoinSwitch platform, Alien Worlds (TLM). One of the popular blockchain games, Alien Worlds is the third-largest dApp in the market with more than 195K users, according to dappradar.com.
The founders of Alien Worlds claim that the game equips players with a better understanding of crypto, its utility, decentralized governance mechanism, staking, and so on. As a prospective buyer, this article can help you assess that claim, and understand how the game works and what makes it popular among users.
This article will also assist interested buyers as they try to understand how the game works and what makes it popular among users.
- Coin Rank: #374
- Coin Market Capitalization (as of 28th March 2022): $115 million
- Coin Economics: Fixed supply and disinflationary
- Coin Total Supply: 10 billion TLM
- Coin Circulating Supply: 5.189 billion TLM
Technical Analysis: TLM Price Analysis
On the daily charts, we can see a trend reversal, as TLM has broken above the 50-EMA* slope and is witnessing strong support around the region. Coming after several weeks of underperformance and selling pressure around the key levels, the break above the 50 Day EMA slope is a very positive development for the coin.
However, to continue moving higher, it needs to break above the two highly resistive levels: $0.1388 (₹11.10) and $0.1586 (₹12.68), the latter being the level where strong selling has been witnessed earlier. If it fails to break above and goes below the 50-EMA slope, it will be a negative development and could fall towards its next support level of $0.1034 (₹8.27).
*Exponential Moving Average
A Brief About Alien Worlds
Alien Worlds is a play-to-earn blockchain-based game that combines the world of decentralized finance (DeFi), metaverse, and Non-Fungible Tokens (NFTs). The game is hosted on WAX, Binance Smart Chain (BSC), and the Ethereum blockchains, and Trilium (TLM) is the in-game currency, play an important role.
The game presents a DeFi metaverse spread over seven planets, and each planet has its own share of decentralized autonomous organizations (DAOs). The players compete with each other to achieve planetary mastery through staking, accessing high-value features, making in-game NFT purchases to improve prospects of winning the game, and earning rewards, among other activities.
While it’s a free-to-play game, which means it is free for everyone to use, the user first needs to create a WAX cloud wallet account to enter the gameplay and receive tools to start mining. Through simple mining activities, users can create TLM tokens, which can then be used for staking in one or more planets. The more the number of tokens staked, the higher the chances of the user becoming a planetary councilor and gaining the power to rule the planet – the ultimate end of the game.
Furthermore, users can make in-game purchases (NFT items) to mine TLM, engage in battles, collaborate with other players to complete the game quest, and so on. They can also engage and vote in governance mechanisms to elect the planetary councilor, and prepare strategies to influence the gameplay. It has highly competitive gameplay as the stakes involved are real and one can increase the value of in-game rewards.
Active users can also engage in developing the Alien Worlds in-game ecosystem and gameplay. Doing so will earn them TLM tokens.
Utility of TLM Tokens
TLM has an important role in the gameplay of Alien Worlds. It has multiple functions that help users to earn rewards, including:
- Mining: Using suitable tools and NFTs, users can mine TLM from different planets
- Staking: Users can stake TLM to earn staking rewards and increase the planet’s reward pool
- Planet DAO governance: Via staking, players can participate in the governance mechanism and contribute to developing the Alien Worlds’ ecosystem
- Trade NFTs: The in-game NFTs can be traded with other players, and they can be also used for in-game missions
- Trading: Users can trade or exchange TLM tokens with other crypto tokens and fiat currencies to encash their rewards.
Trilium (TLM) Tokenomics
TLM is a fungible ERC-20, BEP-20, and WAX compatible token. It has a finite supply of 10 billion. However, not all of them are currently available; the supply is set to be slowly released over the years. The rate of supply of new tokens is not fixed. It follows a declining inflation rate pattern—9% in the first year, 7.64% in the second, and the number will further decline in the years to come.
In the Initial Coin Offering (ICO), which was conducted between 7 April and 7 May 2022, 5.135 billion TLM tokens were issued in exchange for $20 million. The current circulating supply is 5.189 billion.
Future Growth Potential of Alien Worlds
In a very short span, Alien Worlds has made its mark in the market, outdoing other leading blockchain-based games like Axie Infinity in terms of the number of users. With a higher adoption rate and an increasing number of users, TLM may witness a higher value in the long term.
However, a lot still depends on the execution of the development roadmap, which includes the launch of fighting games, the interoperability of digital items, and other upgrades.
With blockchain games, metaverses, and DeFi all evolving, the future looks promising. According to a Bloomberg research report, the metaverse is expected to be an $800 billion market by 2024.
Keeping a close watch on weekly, monthly, and quarterly metrics (like number of users, staked TLM, number of transactions, and so on) can indicate a lot about near to mid-term growth prospects.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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