With the advent of cryptocurrencies and NFTs, these games have become popular, especially among people with a small bank account. But how do they work?
In such games, developers create a token that binds it to the rate of some cryptocurrency, providing a pool of liquidity, and you, in turn, can exchange these tokens for cryptocurrency. The liquidity pool is not unlimited and is constantly supported by the players themselves, buying something in the game for tokens, and by the developers. If players only sell, then the price of the token will fall and the liquidity pool will simply disappear.
What games are there?
There are a lot of games and they are all different, it is very important to study them so as not to fall for some kind of scam, since there are many people in this market who want to earn easy money. Starting from simply pressing buttons for a certain period of time, ending with completing various quests. If you want to start playing something, do your research and go from the start, as there is a lot to miss, but never go into something you're not sure about.
For example, Alien Worlds is my first P2E game. It all started in April 2021. I found out about the game and decided to try it. By the way, the game had just launched.
The essence of the game was, roughly speaking, to simply press buttons. Press the button and receive tokens. You could also get NFTs that were selling for $100-200+. New items dropped easily, which helped to get more tokens and increase the chance of issuing NFTs. It’s a pity that this game for making money did not last long and after 2 months it lost its potential for good earnings. The developers began to ban accounts, greatly reduced the chance of NFT drops, and the liquidity of the token decreased. That's why it's so important to get in early.
Another example. Sandbox is a metaverse. Every day new maps were opened, on which you, by completing quests, could receive EP (experience) and increase your level. Good rewards were provided for the speed of completing cards. So for example, if you get into at least the top 10,000, you get $60, which is pretty good, just by running around the map and completing quests. The season lasts 60 days, at the end of the season you could pick up your rewards and also get a pass for $500.
Results:
Carefully analyze P2E games so as not to fall for a scam and waste time;
Having studied the game, it is better to start from the very start;
Do not waste time on games in which it is no longer possible to earn money, or has become very difficult;
Do not hold the game token, but withdraw it gradually, if possible, so as not to become a hostage to the exchange rate and then lose all your invested funds.