Frequently Asked Questions

Answers to Your Queries

What is the Degen Token?

The Degen Token, often referred to as DGEN Token is a (ERC-20) governance token. It is the core mechanism players use to power tournaments, fantasy games, and other contests in the Degen Kingdom via the KOD mobile and web apps. Holders of the token will also give voting power on proposals in the Knights of Degen DAO.

What’s the difference between Knights & Steedz?

Although Steedz are independent NFTs, they can be paired with Knights to unlocked extra benefits in the Knights of Degen Kingdom.

These benefits include:

  • Access to the KoD Kingdom
  • Metaverse Land: The Kingdom has special lands, only accessible with Steedz, and said lands are believed to hold treasure and safe haven
  • Accelerated Benefits: Steedz, when paired with a Knight, establish a parlay, providing accelerated benefits for future character and token drops
  • Access to free Action Network membership
  • Exclusive tournaments & contests: Certain tournaments and games are only accessible with Steedz
  • Exclusive merch and events

How much does a Knight cost?

Knights range from 0.22 ETH ($399) and can sell for 12 ETH ($21,855)

How is Web3 gaming different to traditional Web2 gaming?

Web3 gaming is a new frontier in the world of online gaming that's revolutionizing the way we play and interact with games. Unlike traditional Web2 gaming, which is built on centralized servers owned by game developers and publishers, Web3 gaming is built on decentralized blockchain networks.

In traditional Web2 gaming, players often face issues with ownership and control of in-game assets. Developers can shut down servers or change the rules of the game at any time, leaving players with little to no recourse. On the other hand, Web3 gaming allows players to truly own their in-game assets through the use of non-fungible tokens (NFTs). These assets can be bought, sold, and traded on open marketplaces, giving players more control and ownership over their gaming experiences.

Another major difference is the ability to earn cryptocurrency or other tokens through gameplay. Web3 gaming allows players to earn valuable tokens that can be used in other games or traded for other cryptocurrencies. This opens up new opportunities for gamers to monetize their skills and earn real-world value for their time and effort.

In summary, Web3 gaming is a more decentralized, player-owned, and value-driven experience compared to traditional Web2 gaming. As blockchain technology continues to evolve, we can expect to see even more innovative and exciting changes to the gaming industry.

Why should I join Knights of Degen?

For sports enthusiasts who are also crypto-curious, Knights of Degen is a community worth checking out. With a vibrant presence on both Twitter and Discord, this active community already includes over 5000 members. But what really sets Knights of Degen apart is their free-to-play sports betting app, which offers an engaging and immersive way to bet on live sports events using cryptocurrency. In addition to the app, the team behind Knights of Degen has numerous exciting projects in the pipeline, making this an exciting time to get involved.

What is Knights of Degen and how does it work?

Knights of Degen is a Web3 sports gaming studio that builds RPG fantasy sports games powered by an economy of NFT and token rewards. The company leverages the power of blockchain technology and on-chain asset ownership to create a gaming experience that is both fun and rewarding for players.