With the soaring price, the virtual pet application “xPET” has attracted more and more market attention. Currently, there are over 13,000 players and the market value has exceeded $413 million.
Following the trend of 90s electronic pets, after “Fren Pet,” the new “xPET” has gained popularity. Built on Arbitrum, xPET presents itself as a plug-in software, allowing players to have more interaction with the X platform.
The gameplay of xPET is similar to many GameFi platforms, where players can feed and upgrade pets and earn coins (BPET) through automatic blueberry (BERRY) harvesting. Players can use these coins to upgrade their pets and factories, increase production, and sell coins on the blockchain for real profits.
This design makes pets and factories resemble virtual mining machines, allowing players to calculate input-output and return on investment. Today, the latest news reveals that when pets reach level 10 or above, players can also activate the PvE battle mode.
What makes xPET unique is its integration of treasure chests with the X platform. These treasure chests appear randomly next to X articles, requiring players to search for them on X. This design provides players with a new game challenge and creates a new advertising model for Web3. In the future, anyone who wants to promote products or ideas can collaborate with xPET and embed treasure chests in their tweets. This way, players naturally click on these tweets while searching for treasure chests, increasing engagement rates.
According to Dune data, the total number of xPET players continues to rise, reaching 13,293, with approximately 3,848 ETH staked. It is worth noting that in games with a return cycle, investors may face selling pressure from early adopters before breaking even. Readers should be aware of the risks when playing. Before playing xPET, readers must enter the referral code. If no recommendation is given, readers can use “xpet_65b77932.”
xPET has seen a 91.52% increase in the past 24 hours.
In terms of tokenomics, xPET’s token system consists of two tokens: BPET and XPET, each with different acquisition methods and uses.
BPET Token:
Acquisition Methods:
– Players’ virtual pets can generate BPET tokens by participating in activities such as blueberry harvesting.
– Opening treasure chests found on Twitter can also earn BPET tokens.
– Players can choose to stake their existing BPET tokens to earn more BPET.
XPET Token:
Acquisition Methods:
– XPET tokens can be obtained through staking Ether (ETH).
– Players can borrow up to 90% of the value of their staked ETH in XPET tokens.
– To retrieve the initially staked ETH, players need to repay the borrowed XPET tokens.
Since December 5th, the price of XPET has been continuously rising, with a 90% increase in the past 24 hours, and the market value has reached $412 million.
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Tags:
Arbitrum
BPET
xPet