$ 0.1723 USD
$ 0.1723 USD
$ 11.441 million USD
$ 11.441m USD
$ 438,353 USD
$ 438,353 USD
$ 4.376 million USD
$ 4.376m USD
74.94 million GENE
Issue Time
2021-11-22
Platform pertained to
--
Current coin price
$0.1723USD
Market Cap
$11.441mUSD
Volume of Transaction
24h
$438,353USD
Circulating supply
74.94mGENE
Volume of Transaction
7d
$4.376mUSD
Change
24h
0.00%
Number of Markets
47
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
+0.97%
1Y
-25.69%
All
-98.73%
Aspect | Information |
---|---|
Short Name | GENE |
Full Name | Genopets |
Founded Year | 2021 |
Main Founders | Albert CHEN,Benjamin TSE,Jay CHANG |
Support Exchanges | Binance,Gate.io,Bitfinex |
Storage Wallet | Phantom Wallet,Trust Wallet |
Genopets (GENE) is a kind of cryptocurrency that operates with a unique approach. It is fundamentally linked to a movement-based game that is built on the Solana blockchain, integrating physical movement in the real world with the virtual world gaming experience. Players become Genopets, creatures whose advancement within the gameplay is propelled by the users' real-life activity. The game's token or cryptocurrency is GENE which is used to reward player activity and facilitate transactions within the game's ecosystem. As with other cryptos, GENE operates on blockchain technology, enabling security and decentralization, and can be exchanged for other forms of cryptocurrencies, digital assets, or fiat currencies. It's essential to bear in mind the risks associated with investing in cryptocurrency, considering its highly volatile and speculative nature.
Pros | Cons |
---|---|
Integrates physical activity with gaming | Value heavily reliant on game's success |
Built on Solana blockchain | Relatively new with unproven long-term stability |
Facilitates user earnings through play | Confined to the game's ecosystem |
Supported by blockchain for security and decentralization | Investment risks due to cryptocurrency volatility |
Over the coming decades, GENE's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $1.30 and $20.01. In 2040, our forecast suggests GENE could reach a peak price of $159.57with a potential minimum around $0.1697.Looking ahead to 2050, technical analysis indicates that GENE's price could range from $125.40 to $201.94,with an estimated average trading price of about $125.39.
Genopets (GENE) offers an innovative twist in the cryptocurrency field by integrating real-world physical activity into a virtual gaming experience on the blockchain. It functions as the in-game currency of the Genopets game, which is a rarity among cryptocurrencies as it provides a practical and interactive use case within a gaming platform. Advancement in-game is determined by the player's real-life activity, tying the players physical world and the game's virtual world interactively together. This element of gamification of a cryptocurrency makes Genopets distinctive in a largely financial-focused digital currency landscape.
The blockchain used is another differentiating factor. Genopets is built on the Solana blockchain instead of the commonly used Ethereum or Bitcoin blockchains. Positioned as a fast, high-throughput blockchain, Solana can provide speedier and potentially more cost-effective transaction processes for GENE transactions.
However, it's important to note that this innovative approach comes with its own unique challenges and risks. The tight linkage between the Genopets game and GENE means the value and utility of the cryptocurrency rely heavily on the success and adoption of the game. If the game does not perform well, it can negatively impact GENE. Furthermore, the Solana network, while providing advantages, is also newer and hasn't been tested over decades like some other blockchains, and this comes with its own acceptability and operability risks.
Genopets (GENE) operates in a unique way compared to most other cryptocurrencies. It is intrinsically linked to a high-tech, movement-based game developed on the Solana blockchain platform.
Players in the game become Genopets, creatures who evolve and achieve progress based on the user's real-world physical activities. As an example, running, walking, or doing other physical exercise in real-life can contribute to the advancement of a player's Genopet in the game world. This unique mechanism adds a layer of real-world interaction to the virtual gaming experience, bridging the gap between physical and digital realities.
The token or currency utilised within this gaming ecosystem is GENE. Players earn GENE tokens through their physical activities and success in the game, and they can use these tokens for various in-game transactions. The more active a player is, the more GENE they stand to earn, providing an incentive for engaging in real-world physical activities.
GENE, like other cryptocurrencies, works using blockchain technology. This provides the security and decentralization typical of blockchain-based platforms. Every transaction with GENE, like buying, selling, or trading, is recorded on the Solana blockchain, making these transactions transparent and immutable.
It's worth noting that while GENE operates within the game's ecosystem, it can also be traded for other cryptocurrencies or digital assets on various exchanges. However, the value and utility of GENE are heavily dependent on the game's popularity, success, and user activity. As such, the GENE token is not just a cryptocurrency, but also a key element of an interactive gaming experience.
1. Binance: Known as one of the world's largest and most popular cryptocurrency exchanges, Binance provides a platform for buying and selling a vast range of cryptocurrencies, including Genopets (GENE). Binance usually supports numerous trading pairs, so it's possible that you can acquire GENE with widely accepted currencies such as BTC (Bitcoin), BNB (Binance Coin), and USDT (Tether).
2. Gate.io: This exchange is another platform where GENE may be available. It supports a wide range of cryptocurrencies and, similar to Binance, it's likely to offer several trading pairs.
3. Bitfinex: As one of the oldest cryptocurrency exchanges, Bitfinex is well-known in the crypto community and might also support Genopets trading. Commonly supported pairs in Bitfinex include USD, BTC, and ETH.
4. KuCoin: This is another popular cryptocurrency exchange platform where one might trade GENE. KuCoin supports multiple cryptocurrencies and could offer various trading pairs, such as GENE/USDT.
5. OKEx: This exchange platform supports a wide variety of cryptocurrencies and it could be an option for purchasing GENE. Its common pairs usually include BTC, ETH, and USDT.
Please note: Trading pairs might change and depend on the exchange's policies. Before trading, you should verify the available pairs and trading rules on the respective platforms. Also, it's crucial to always perform your own due diligence before participating in any cryptocurrency transactions. Be mindful of the potential risks involved in trading digital assets.
1. Phantom Wallet: This is a digital wallet built specifically for the Solana blockchain. It's a browser extension, making it easy to integrate with web-based applications and exchanges. The Phantom wallet supports the storage of GENE, along with many other Solana tokens.
2. Sollet Wallet: This is another digital wallet built for the Solana ecosystem. It is also web-based, and users can store their GENE tokens on it safely.
3. SolFlare: SolFlare is a non-custodial web and mobile wallet that supports the Solana blockchain. It allows users to keep GENE tokens secure.
4. Ledger Hardware Wallet: This is a hardware wallet. These wallets are considered more secure as they store your cryptocurrencies offline, reducing opportunities for cyber attacks. It would be important to know that to use GENE with a hardware wallet like Ledger, it needs to be used in combination with a compatible software wallet that supports GENE.
5. Trust Wallet: Trust Wallet is a versatile mobile wallet that supports numerous cryptocurrencies, including those on the Solana blockchain.
Importantly, no matter what wallet option you choose, always remember to secure your keys and backup phrases, as these are used to access your wallet and its contents.
Before you choose a wallet for your GENE tokens, always do your research to understand its features, security measures, ease of use, and compatibility with your systems and devices. Also, ensure it has good reviews and support from its user community. Remember, the security of your cryptocurrency mostly depends on how securely you handle your wallet.
1. Gaming Enthusiasts: Those who have a keen interest in playing blockchain games may find Genopets intriguing. This is especially true for those who enjoy the integration of physical activity and gaming.
2. Cryptocurrency Traders: As with other cryptocurrencies, GENE presents an opportunity for traders to capitalize on market swings, given its inherent volatility.
3. Long-Term Investors: Individuals interested in the long-term prospect of the gaming industry's growth, especially the blockchain gaming segment, might be suitable to buy GENE, considering it as a potential long-term investment.
4. Blockchain and Solana Enthusiasts: Given that Genopets is built on the Solana blockchain, those with a specific interest in this blockchain could find GENE appealing.
Its important to note that any potential investor should exercise good financial practices, as follows:
Research: Individuals should keep themselves informed. This involves understanding how the Genopets game works, as it is directly tied to the GENE token.
Diversify: It is always good practice to diversify investments to spread potential risks.
Risk Assessment: Cryptocurrencies are generally considered high-risk investments. One should only invest money that they can afford to lose.
Secure Storage: Its crucial to have secure digital wallets to store GENE. Choose wallets that are widely trusted and keep your digital keys safe.
Before making any investment decision it is advisable to consult with a financial advisor. It's also important to remember that the value of cryptocurrencies can fluctuate, and there is always a risk of loss.
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