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What was Chopcoin?
How Chopcoin worked
- Gameplay. Players controlled a snake on a grid-like game board. The objective was to collect bits while avoiding collisions with other players' snakes or obstacles.
- Bitcoin earnings. Each bit collected added a small amount of Bitcoin to the player's balance. These earnings could be withdrawn to the player's Bitcoin wallet once a minimum threshold was reached.
- Multiplayer. Chopcoin was a multiplayer game, which made it more competitive and engaging. Players could see each other's snakes and try to outmaneuver them.
- Leaderboards. The game often featured leaderboards where players could track their progress and compete for the top positions based on their Bitcoin earnings.
- Challenges and tournaments. Some versions of Chopcoin introduced challenges and tournaments with special rules and higher Bitcoin rewards.
Chopcoin competitors
- Blockchain-based games. Games like CryptoKitties, Decentraland, and Axie Infinity allowed users to collect, trade, and play with blockchain-based assets, including non-fungible tokens (NFTs).
- Bitcoin faucets. Bitcoin faucets are websites that give away small amounts of Bitcoin for completing tasks or captcha challenges. While not games traditionally, they offered a way to earn Bitcoin.
- Blockchain-based casinos. Some online casinos and gambling platforms incorporated cryptocurrency, including Bitcoin, as payment and rewards.
- Blockchain gaming platforms. Platforms like Enjin and WAX provide tools and marketplaces for creating and trading in-game items and assets as NFTs, often with the potential for financial gains.
- Decentralized finance (DeFi) games. DeFi games and platforms often featured yield farming and staking mechanics, allowing users to earn cryptocurrency rewards by participating in decentralized financial activities.
The bottom line
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