What is Covenant? What Does COVN Do? – Cryptokoin.com

What is Covenant? Covenant (COVN) is the native cryptocurrency of Covenant Child, the P2E game about city building and fighting. cryptocoin.com In this article, we have answered frequently asked questions such as what is Covenant Child, what it offers, what is COVN, what it does and how to get it. Let’s examine together this cryptocurrency, which sees a governance token for the P2E game.

What is Covenant?

Covenant Child is a play-to-win (P2E) themed game running on the blockchain. In this game, which includes NFT, GameFi and Blockchain features, users can earn passive income. Platformer is basically a strategic role-playing game (RPG). Early in the game, users collect and use upgrade materials in their farming fields. Thus, he improves his heroes and equipment. In addition, they compete in PVE or PVP modes by building their own cities.

Items and heroes acquired in the game can be bought and sold as NFT. At this point, users can earn money from their sales by earning NFT in the game. The platform uses a transfer protocol between the Blockchain and the game. Thus, it is possible to transfer NFT between centralized and decentralized platforms. Working on the Ethereum Blockchain, Covenant Child aims to solve the problems it sees in the current P2E environment by developing the following features;

  • Striking a perfect balance between gameplay and GameFi,
  • Making the barrier to entry low,
  • Creating games that are easy to learn, hard to master,
  • Creating diverse and interesting content.

What is COVN? What does it do?

Covenant Child powers its ecosystem with a dual token system. These are CHLD and COVN. CHLD is the platform’s reward token. This token, which is a medium of exchange in the in-game economy, can be earned through competitions and tasks. With CHLD, users access a number of features such as purchasing in-game items through the NFT marketplace. As a result, CHLD, as an Ethereum-based ERC-20 token, powers the gaming economy.

The subject of our article, COVN, is a governance token for the Covenant game and platform. Users directly participate in the management of the game with this cryptocurrency. Thus, they contribute to the decentralized management of the ecosystem. Each COVN holder gets a vote in the proposals that are voted on in the administration of the platform. However, COVN holders who meet certain conditions have access to staking rewards.

What is Covenant? How to get COVN?

Investors interested in Covenant should access crypto exchanges like Bittrex and MEXC. Investors who want to buy the token must be a full member of one of these exchanges. After that, interested investors can place a buy order for the cryptocurrency by depositing an asset in their wallet that matches the COVN pairs.

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