What is Kandle?

Introduction

Imagine playing your favorite video games, but instead of just having fun, you also earn money, l mean real cash! In GameFi, which simply means ‘Game Finance,’ you can earn special digital treasures, like unique tokens and cool items, just by being a pro gamer or selling in-game assets in an NFT marketplace or crypto exchange.

Interestingly, GameFi is rapidly evolving with lots of innovative projects and captivating games. One such project is Kandle, a GameFi gem that blends fantasy gaming and skill-based prediction contests with crypto trading for crypto degens and gaming enthusiasts globally.

Discover all you need to know about Kandle and join a growing list of players having fun playing different fantasy leagues and making money in the process.

A Brief Introduction to GameFi

GameFi popularly referred to as play-to-earn creates a virtual environment through the fusion of blockchain technology, non-fungible tokens (NFTs), and game mechanics in which players can participate and earn digital assets. Aside from play to earn, GameFi integrates DeFi properties such as liquidity pool, staking, and yield farming.

The term “GameFi” was used first by Andre Cronje, co-founder and architect of FantomFDM, in a tweet in 2020. GameFi is an upgrade to traditional (Web2) video games and reflects the monetization of the gaming industry where players are rewarded for their in-game efforts such as their time spent playing games, competing with other players, winning conquests, progressing through different game levels, and staking in-game assets.

Additionally, GameFi has the potential to bring a new level of innovation and engagement to gamers and is rapidly growing in popularity, with over 800,875 daily Unique Active Wallets (UAW) across the GameFi market in November 2022 despite FTX collapse as reported by DappRadar.

Interestingly, Kandle, a popular GameFi project that has caught the attention of many investors and gaming enthusiasts within a few months of launch hopes to make crypto fun again by integrating cryptocurrency and game mechanics.

So are you passionate about the future of GameFi and want to be part of the breath-taking revolution? Then read on to learn more about Kandle, and its unique offering to Web3 game lovers and GameFi investors.

What is Kandle? Offering a Suite of Fun Games

Source: Kandle.xyz

Kandle is a terrific GameFi project worth the hype, offering users innovative fantasy games using crypto coins, where players compete to win rewards by simply participating in its different gaming options.

The crypto fantasy gamefi project offers highly competitive games that keep you hooked to your screens till the last minute and also reward you for your time. Its goal is to “make crypto fun again” through various play-to-earn games, popularly called ‘Crypto Fantasy Leagues.’

Kandle is building for the long haul. It has robust and interesting game mechanics with a feasible and sustainable product that’s user-centric, thus, adding value to GameFi or the web3 gaming ecosystem.

Furthermore, Kandle empowers players to win big with small stakes, providing a fun alternative to crypto trading by letting users with experience in price analysis make calls on token prices and directions. Experienced crypto users can make predictions on the performance of several cryptocurrencies based on research (price analysis) and market trends.

History/Roadmap

Launched in the Q3 of 2022 initially known as ‘dRisk’. Founded by Jaideep Yadav, dRisk was rebranded to Kandle in Q2 2023. Already, its Crypto Fantasy Leagues are up and running. By Q4 2023, Kandle plans to release their smart contract, token issuance, tokenomics (token utility), staking program, and a play-to-win model.

Currently, the project is still in its early stages but has great prospects owing to its value propositions and gaming mechanics. This is a project with several game features for all crypto enthusiasts — newbies and crypto natives.

Kandle Seed Round

Source: Entrackr.com

Kandle raised $1.7 million in a successful seed funding round. The seed funding was led by Saama, an early-stage, sector-agnostic venture capital (VC) with participation from other VCs namely, PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, and Seeders Fund. Also, individual investors in the gaming and financial services industry participated in the seed funding round, notable is Sumit Gupta (CEO of CoinDCX).

According to the project, the funding will be used to develop the gaming platform and expand its user base. Already, Kandle has established its presence in Indonesia, Vietnam, Nigeria, and India and plans to expand its footprint across Asia and North America.

Following a successful seed round, Kandle founder, Jaideep Yadav, opined, “There is a massive opportunity at the intersection of gaming and crypto, and we’re excited to be at the forefront of this evolution in crypto fantasy gaming. Super grateful for the unwavering support of our investors as we forge ahead in bringing the vision of Kandle to fruition. “

How Does Kandle Work? A Study of Kandleverse

In Kandle’s Crypto Fantasy Leagues, you’ll find different suites of games. There’s the Portfolio League, Coin League, Mega League, Private League, HODL League, High/Low Game, and even a Jackpot! Each suite holds exciting adventures and challenges for you to conquer, all while earning awesome rewards. So, whether you are a newbie in the world of crypto or a crypto native, Kandle welcomes you with open arms! It’s a place where anyone can play and earn, and the possibilities are endless. Plus, they promise to build amazing and sustainable games, so this adventure is here to stay!

Also, Kandle offers new players the opportunity to play the practice leagues to be familiar with the game rules before moving on to paid leagues with returns as high as 160 - 6000 USDT or more. Let’s take a closer look at the different crypto fantasy leagues that Kandle offers.

Portfolio League

Source: Kandle.xyz

Portfolio League offers a realistic and immersive fantasy crypto trading experience offering newbies and champs the opportunity to showcase their crypto knowledge and skills. In the game, players have the chance to select five crypto coins to create a virtual portfolio and compete for USDT prizes with other players within a brief duration of just 2 minutes.

This fantasy game comprises five levels, that is Level 1 to Level 5 with different entry fees. The higher the level the higher the fees which of course equals higher risk and increased rewards with returns as high as 250 USDT. So, it’s advisable to get acquainted with the practice league which is completely free before choosing the paid leagues of your preference and most importantly to minimize losses.

Mega League Portfolio

The Mega League reflects its name as it is the most prestigious crypto league on Kandle, with a reward pool of up to 6000 USDT or even higher. The Mega League has a flexible reward structure which means that the higher the number of players who join, the higher the prize pool.

Further, the Mega League allows players from different countries (supported by the gaming platform) to choose their ‘portfolio’ when entering the Mega League. It also offers the opportunity to win substantial rewards based on the increasing price pool.

Mega League Coin

The Mega League discussed above is grouped into two categories, that’s the Mega League Portfolio and the Mega League Coin. The major difference between the two is the price pool and the game mechanics. The former offers a prize pool of up to 6000 USDT which may increase as more players join in. The latter on the other hand offers a price pool of 1,000 USD and above.

Overall, Mega League Coin is very captivating and offers gamers the opportunity to choose their coin when entering the League. Players can win considerable rewards and compete with other crypto enthusiasts from around the globe.

Coin League

Source: Kandle.xyz

Coin League popularly referred to as ‘Double or Nothing’ or ‘Head-to-Head’ league where players have to select just one cryptocurrency of their choice and battle against each other for USDT prizes every 30 seconds.

Additionally, Coin League is a fascinating game that keeps players spellbound and hooked till the very last minute with a chance to make good returns on investment.

There are five levels with increasing difficulty as players move on in ranks. The entry fees increase from low to high as well. However, higher entry fees leagues have higher reward pools and players are allowed to choose the league level.

Private League

With Kandle, there is a unique gaming experience for everyone, including a game that allows friends, family, and colleagues to compete with each other privately.

Players can gain access to the Private League through an invite link or by creating their unique link. Essentially, you can get into a private league with your family, friends, or colleagues. Check out the user guide (link below) for a deeper understanding of how to either create or join a Private League as well as the entry fees and other important features.

HODL League

HODL League offers similar features to Portfolio League but with more leverage and trading time. Basically, HODL League is an upgrade to the Portfolio League.

In Portfolio League users can leverage market volatility within a brief period of 2 minutes to make profits, but HODL League provides users with an improved trading experience and more time (of up to 4 hours) needed to implement different trading strategies and increase potential profits.

High/Low Game

Source: Kandle.xyz

In the High/Low Game, you get to show off your crypto knowledge and make predictions about the prices of different crypto coins. The more accurate your predictions, the more treasures you will get! It’s like being a fortune teller but for cryptocurrencies!

High/Low Game consists of a total of 10 questions that a player needs to answer correctly. In the first section, there are 5 questions, the player will be required to correctly predict whether the price of the second coin is higher or lower than the first coin, based on the displayed price, within 5 seconds. In the second section, the player will be shown two coins without any displayed prices and will be required within 3 seconds to determine whether the second coin’s price is higher or lower than the first coin.

Basically, if you are someone who knows how to analyze crypto prices and trends within a very short time of 3 to 5 seconds then, you can sign up on Kandle and play the High/Low game and win big, even with small stakes!

Jackpot

Source: Kandle.xyz

Jackpot is a spin-the-wheel game. It presents players with 10 free spins per day, each spin occurring at an hour interval, with the opportunity to earn rewards such as USDT bonuses, discount vouchers, and much more. There are two criteria needed to unlock the game.

First, you must have a minimum of 10 USDT in your main wallet balance at the time you want to spin, this will grant you access to get the Jackpot’s free spin.

Second, you must have played a paid (USDT) League within the last 3 hours of you wanting to spin, which also qualifies you to get a free spin.

With Jackpot, active players have the opportunity to earn amazing rewards by just spinning the wheel. The game is designed to enrich player’s crypto experience and fuel their passion for GameFi.

For more information on the various Crypto Fantasy League, refer to Kandle’s User Guide. It’s a detailed and valuable resource that offers a deeper understanding of all the features and functionalities of the GameFi project.

Kandle User Badges

Source: Kandle.xyz - User Badges

Kandle User Badges comprise different levels of gaming experience and represent users’ rise to mastery while playing their favorite leagues on Kandle. A user can ascend to different levels starting from NewB to Champ and each level has stipulated rewards and benefits attached. Each user badge is earned upon completion of leagues and other achievements. In this section, we will take a look at the different levels of the user badge.

NEWB: This is the entry-level for all players with a badge progression criteria of 0-49 leagues played. The primary benefit of this level is access to unlimited practice leagues to enhance players’ skills and knowledge.

DEGEN: This is a progression from NewB with a criteria of 50-99 leagues played. As a Degen, you will receive 1 free Jackpot spin plus 10 free spins that come with playing the Jackpot game. Also, you have 1 free entry voucher for Portfolio League and an exclusive pack of profile avatars.

PRO: This badge is earned by the player with progression criteria of 100-149 leagues played and a display of mastery of the previous level. Players with this badge are entitled to the following: 1 Voucher for 50% off on withdrawal fee, 2 free jackpot spins plus the daily 10 free spins of the Jackpot game, a booster Card for 10% extra winnings, and an exclusive sticker reaction pack.

ELITE: This is an advanced level in the Kandleverse and reserved for the most accomplished players with a progression criteria of 150 leagues played. To qualify for the Elite game, a player must have played one Mega League and at least one Level 1 to Level 4 league in both Portfolio & Coin Leagues. There are juicy benefits attached to the Elite user badge and they include 1 Voucher for 50% off on the withdrawal amount, 4 free Jackpot spins plus 10 free daily spins on the Jackpot game, 5 vouchers for 50% off on the withdrawal fee, a Booster Card for 20% extra winnings, thus increasing a player’s winning rate and Level 3 sticker reactions Pack.

CHAMP: Attaining the Elite badge qualifies you to compete to become a “Champ” — the most reputable of all the user badges. So how do you become a Champ? It’s simple, according to the Kandle user guide, “Elites who rank 1st on the daily ‘Race to Champ’ Leaderboard for the maximum number of times in a month, will become the Champ. There will be only one Champ, per month. Champs of every month deserve and actually get a full box of surprises and rewards from Kandle.”

Additionally, there are several perks attached to a Champ which include: a 15 USDT earned bonus, 6 exclusive vouchers, 5 free Jackpot spins plus 5 free daily spins in the Jackpot game, with an increased possibility of hitting Jackpot, and recognition on Kandle’s social media and community.

General Tips on How to Sign Up for and Play the Crypto Fantasy Leagues

Kandle offers players different choices in its Kandleverse. Interested in exploring any of the play-to-earn games explained above and rise in user badges, then follow these easy steps to get started:

Step 1: Visit Kandle’s Website and download the Android App.

Step 2: Sign up on the platform using your email address.

Step 3: Buy USDT directly from an integrated on-ramp on Kandle or deposit USDT, USDC, or BUSD into your Kandle wallet from your trusted crypto exchange or crypto wallet.

Step 4: After funding your Kandle wallet, you can select any of the Crypto Fantasy Leagues of your choice and get ready for a thrilling experience.

Note: Each league has its unique entry requirements and criteria, this is just a general guide, hence, for an in-depth understanding please visit Kandle’s user guide. Additionally, if you’re new to the crypto space, it’s recommended to start by playing the practice leagues which are completely free to familiarize yourself with the game rules and its requirements.

Is Kandle a Good Investment?

From its seed funding round, community support, and gaming functionalities, Kandle offers investors and players a possible return on investment. Also, looking at its roadmap, and partners the project has great prospects. So investing in the project might lead to a good return on investment.

However, investing in a crypto project requires research, due diligence, and an understanding of risk management. As of the time of writing, September 2023, the project doesn’t have a utility token or tokenomics but hopes to do so in the future.

Further, playing the crypto fantasy leagues comes with risks particularly for newbies as the games involve some level of understanding of DeFi and how to navigate Web3 gaming. So, it’s imperative to get familiar with some DeFi fundamentals and how not to get REKT as a new player.

Take Action

Note: The project hasn’t launched its utility token yet but plans on doing so in the future according to its Roadmap.