About GameFi and SocialFi in Cryptocurrency

GameFi is an NFT game that combines cryptocurrency and digital collectibles. Founded in 2019, the project immediately attracted a large following, with all kinds of lively in-game activities, including a perfectly designed public chain and of course, a variety of player interactions. But since July 2019, due to a bug in GameFi's open beta that affects the security of users' assets, the official team decided to temporarily suspend trading on the main exchange. For that reason, MyRichFarm has been launched — a unique game based on DeFi (Decentralized Finance). While, socialFi is a new Defi perspective that focuses on both social and financial advancements. SocialFi's goal is to give users with perks and incentives by financializing and tokenizing social influence in a way that is convenient for them. By empowering artists and allowing more individuals to engage in the creative economy, SocialFi hopes to make a positive difference. The fact that it will decrease the barrier to entry for new users wishing to become engaged in the bitcoin field is another benefit of SocialFi's implementation. SocialFi would provide a risk-free environment for new investors to learn.

All About MyRichFarm

![图4.png](https://cdn.steemitimages.com/DQmQrNByDmCJnjPme9KSQx4rJnindNs5x2WfqWzFh6Yq49u/%E5%9B%BE4.png) MyRichFarm is the first game on blockchain that integrates NFTs, DeFi and metaverse. This platform have built an ecosystem where players can earn money from both the game and DeFi. It aims to provide a virtual world with high-quality game contents (GameFi) and social experiences for players all around the world. Players could use their RCH to construct unique modern farms and enjoy fascinating social experiences in Fun Zone. So far, this platform have implemented three main features, namely the land tokenization, the NFT creation, and the farming of RCH tokens.

This projects also have prepared a number of exciting features, including:

1. NFTs with multiple utilities: Collecting, Crafting and Trading NFTs. 2. Farming NFTs: Collecting Farming NFTs to break through the farming limits. 3. Crafting System: Crafting your own assets with limited edition digital collectibles. 4. Social Trading System: Meet new friends or collaborate with existing ones. 5. All-in-one service center: Asking for help or making suggestions to other players. 6. Brand new community system: Sharing farming experience and knowledge with other players in the forum. 7. Multi-chain wallet connection: Connecting with other multi-chain wallets, like MetaMask, Binance Smart Chain Wallet. 8. Social features included: Chatting with other players, competing & helping each other, etc

NFT in MyRichFarm

A farm is one of the irreplaceable lands in MyRichFarm, presented in the form of NFT. This area has a total of 150, 000 farms, each of which contains four distinct rarities. They are the physical space in the metaverse used to create NFTs for mining RCH tokens. The farms will come with random landscapes and components, and could be either sold or rented to other players by its owner. Each farm has its own unique Token ID and can be transferred following the blockchain protocols. Every time you logged into MyRichFarm, you will begin your adventure from your farm. The farm could also be used to store or trade your NFTs with other players.

How Players Collect NFTs in Farm

In MyRichFarm, players can plant a variety of land and livestock, and earn the corresponding income. The planting and breeding of all kinds of crops and livestock are based on the actual situation of farms. Through this game, players can experience the farmers' lives, learn about agriculture and the farming culture, and at the same time feel the charm of blockchain technology. The farm is the virtual token supported by blockchain technology. It's the irreplaceable land in MyRichFarm, presented in the form of NFT. We introduce the NFT into MyRichFarm and establish the NFT market where the digital asset owners can benefit from their in-game assets and trade for tangible assets in the real world. Owning a piece of land in MyRichFarm gives you all rights to it forever. Land transfers are not allowed unless you choose to sell it back to us. You can plant your favorite crops on your land or let it lie fallow so that you can enjoy its beauty. The land is yours forever!

Farm Management Works

![farming23.png](https://cdn.steemitimages.com/DQmb8EXD3Qq8QJ7NH5SfurrJVcrHe4Vtet4PyhqiPzGRftp/farming23.png) MyRichFarm NFT is a land and animal farming game that enables players to grow plants, fruit trees, and animals. Players can choose from four main sorts of farms, each with its own unique flair. The farm's gameplay consists of the following elements: **Farming -** Players may produce plants and raise animals by logging into their Farm account and utilizing the RCH. They may either choose a single plot of plants, fruit trees, or animals to farm or click on the "BATCH" button to farm many plots at the same time. **Harvesting -** When harvesting RCH revenue, players have the option of selecting a single plot of plants/fruit trees/animals to harvest, or they can simply click on the "BATCH" button to harvest them all at once. The money from the RCH will be sent straight into the Farm account. **Increasing Your Skill Level -** By default, one seed is planted per plot. A player may select up to nine plots in the inventory by clicking on each plot individually. Additionally, players may choose to use their RCH to level up the plots' plants, fruit trees, and animals. When plots are available, players may level up their plants, fruit trees, and animals to expedite the growing process for the next season, which drains RCH in the Farm Account. Plots cost RCH to level up; players must wait until they have enough RCH before leveling up their plots.

How To Buy RCH in PancakeSwap

1. RCH is a good investment. 2. Begin by logging into your Binance account and purchasing USDT. 3. Adding the BSC network to Metamask is the second step. 4. Make a USDT transfer to your Metamask wallet. 5. Use PancakeSwap to convert USDT into RCH.

RCH Token Allocation

The main purpose of the RCH token is to reward players who are dedicated to MyRichFarm. In addition, when the player engages in the MyRichFarm platform, they can use RCH as a play-to-earn (P2E) token, which can be used for dividends, yield farming and various events on the platform. ![Tokenomics1.png](https://cdn.steemitimages.com/DQmaXC1mJgmpUcaQBT6rm89zSCdsDnVaEc9HDvXcEVVUdTT/Tokenomics1.png) The total supply of MyRichFarm is 100 billion. The first 80% is for Play to Earn, which will be distributed through yield farming and various events. The remaining 20% is for Marketing. Among them, 5% is for marketing activities, 5% is for private sale and 10% is for team rewards. Finally, the objective in MyRichFarm is for the player to expand their own virtual farm by purchasing plots, growing crops and trees, raising animals and completing quests from other characters. Chores can be completed daily by harvesting crops and trees, gathering eggs from chickens and milking cows. Every task requires stamina points, which regenerate every few minutes depending on the player’s level. Once all stamina points are depleted, players have the option to refill them using RCH in the Farm Account or by waiting for them to replenish automatically after sufficient time has passed.

For more information, please visit at:

Website: https://myrichfarm.com/ Telegram: https://t.me/MyRichFarmGroup Twitter: https://twitter.com/MyRichFarm Discord: https://discord.com/invite/zhxMqTd55Q YouTube: https://www.youtube.com/channel/UCGAsW2ATk7ext5iWwSrvgJA Facebook: https://www.facebook.com/MyRichFarm/

Author

BTT Username: **Bernadine Frazier** BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=3447768 Wallet Address BEP-20 : **0x81559519bA7F2EA3c8f63B5CB44E4928759617B8**