So far this year, it’s been a roller coaster ride, particularly for traditional gamers and streamers, since NFT games (or play-to-earn games) have gained a lot of traction.
Today, I made an honest My DeFi Pet Review to help you determine if My DeFi Pet is legit and whether it is best to invest your money here or not.
The “play-to-earn” movement is a growing trend in gaming, in which players in NFT games earn incentives that can subsequently be converted to real money. Though this type of cryptocurrency has been around for a while, it has grown exponentially during the coronavirus pandemic 2019 (COVID-19), with accompanying lockdowns leaving millions unemployed and vulnerable to making money through gaming.
I’m experienced in reviewing Crypto games. I already made an Axie Infinity review. This time, I’m gonna make a My DeFi Pet review.
In this My DeFi Pet review, I’ll show you how to play it, discuss the DPET token, its value, the rarity of the pets, and, most importantly, if it’s even worth your time and money.
Is it going to be a powerful competitor to the Axie Infinity Community, or will it simply fade into thin air, leaving the anticipation behind?
My DeFi Pet Review – Summary
My DeFi Pet may become the next best Play to Earn game if it launched its own Marketplace. Although My DeFi Pet is currently in its beta phase, many investors believe the game will become more valuable anytime soon.
Product Name: My DeFi Pet
Founder: Tri Pham
Price: $60-$100 or more depending on the game’s features in the future
Best For: Gamers and anyone interested who wouldn’t mind losing money
Recommended: Not Recommended
What is My DeFi Pet About:
My DeFi Pet is a blockchain game that revolves around collecting, breeding and evolving, battling and trading pets.
My DeFi Pet is a virtual pet game that combines personalization of collected pets in the game with features integrated to sustain survival rate through feeding and breeding in order to achieve higher stats and levels.
What is My DeFi Pet About?
My writer Channy Paster has done an in depth video review to show you What is My DeFi Pet about. Channy shows you inside My DeFi Pet, how to start with My DeFi Pet and everything about it.
According to its website, the name incorporates the game’s three characteristics:
“My” for Personalization
“DeFi” for Features Integrated or just a shorter word for Decentralized Finance
“Pet” for a Pet-Raising Game.
My Defi Pet also has its own monsters for battles that can compete in events for prizes throughout the season.
Collecting, breeding, evolving, battling, and trading are all fun things to do in My DeFi Pet. Furthermore, My DeFi Pet employs the concept of season to divide the game’s advancement into smaller chunks. This mechanism works in tandem with the human desire for immediate gratification.
How Does My DeFi Pet Work?
My DeFi Pet’s main in-game money is the DPET token, which is a non-refundable functional utility token that may be exchanged between users. These tokens are used to summon additional eggs, breed monsters, and evolve them.
1 DPET token costs $6.98 (Php 352.87) as of the time of writing this My Defi Pet review. To put that in context, 1 DPET costs $0.61 (Php 30.79) on May 8, 2021 and it’s just a matter of time before it increases.
Binance Smart Chain and Kardiachain will support and trade all DPET and NFT tokens. Kardiachain can also give the game to other blockchain communities such as Ethereum and Polkadot because of its non-invasive nature and integration.
However, as a game currency, it has a comparable economic worth in-game as it does in the real world. As a result, the more tokens you have, the more activities you can do, and the entire in-game financial ecosystem is built around healthy user trade.
Background Info of My DeFi Pet
My DeFi Pet was launched by Kardiachain in May 2021. Tri Pham, who happens to be the company’s Co-Founder and CEO, leads the team behind the virtual gaming platform. From conception to launch, Pham has been the driving force behind the invention. It was created in collaboration with Topebox, a Vietnamese game developer whose past products, such as Skydancer and Thief Rivals, garnered millions of downloads worldwide.
How to Join My DeFi Pet?
The game may be found on the official My DeFi Pet website. Because it is a web game, the game does not require installation.
Because there is currently no mobile app for My DeFi Pet, you can use the Yandex browser to play it on your phone.
You must also download or install Metamask (a digital wallet similar to Axie Infinity) as a google chrome extension.
Create a Binance account if you don’t own one to buy BNB (Binance) coins.
After purchasing BNB coins, they should be transferred to your Metamask and then swapped to DPET tokens via PancakeSwap. In order to proceed, your Metamask must be connected to PancakeSwap.
Go back to My DeFi Pet website and click “On BSC Chain” then connect your Metamask, refresh the page and you should be ready to go.
Can You Make Money with My DeFi Pet?
Players can currently earn money in 3 ways.
1. Selling DPET tokens obtained through in-game quests or combat with other monsters or pet masters, which may then be converted using PancakeSwap.
Keep in mind that the fight function is still unavailable, but it may be accessible soon, so stay tuned.
2. Putting creatures up for auction that you’ve been feeding.
If you have a high-level or rare monster, you can sell it to bidders who might be interested.
3. This is a bit more tough, as it involves trying out for the Season Rewards.
For example, the first season award is $100,000, which is locked in a smart contract for DPET Teams, with the tentative criteria for that team having 10 legendary pets with maxed out levels. So, merely to have a shot at winning the prize pool, participants must go all out to meet the requirements.
How to Play My DeFi Pet?
Do you remember the old FarmVille web game from Facebook? My DeFi Pet, on the other hand, gives off that vibe when it greets gamers with a display of their pets in their farm.
To begin, you’ll need monsters, which may be obtained by purchasing monster eggs using DPET tokens.
1 Egg costs 3 DPET tokens, so if we’re going to base it with the current rate of 1 DPET token, total cost is $6.98 x 3 = $20.94 (Php 1,058.41).
The DPET token will be used to deliver economic incentives to encourage users to contribute to and maintain the ecosystem on My DeFi Pet, resulting in a win-win situation in which each player is appropriately compensated for their contributions. Because there would be no motivation for users to spend resources to participate in activities or perform services for the benefit of the entire ecosystem on My DeFi Pet without DPET token, it is a fundamental and indispensable feature of the platform.
Because additional DPET token will be provided based only on a user’s real usage, activity, and contribution on My DeFi Pet, users of My DeFi Pet and/or DPET token holders who did not actively participate will not earn any DPET token incentives.
Keep in mind that some game features, such as breeding or purchasing game assets, will cost you additional DPET tokens. In other words, you may expect to spend more DPET tokens or put more money into the game.
To get started with the game, you’ll need somewhere between $60-$100.
Once you’ve got your monster, you can start feeding it to improve its stats and level.
You must cultivate fruits and vegetables on the farm field to feed your monster, which may then be gathered to help your monster grow big and strong.
You can then continue the procedure until you have an unstoppable fleet of powerful monsters, either by purchasing additional eggs or breeding them.
My DeFi Pet Reviews – Online
I understand that My DeFi Pet is still in its early phases, so many new features and changes are to be expected; but, as new users, we can’t deny that we want to learn more about how it went for other gamers before jumping into this new craze. We want to make sure we’re getting adequate value for our money when we invest it in this game.
Is My DeFi Pet Legit?
Is My DeFi Pet worth it?
I’ve compiled some online reviews for this new gameplay.
Is My DeFi Pet a Scam?
Just to be fully transparent with you, I am not a user of My DeFi Pet myself and I do not endorse it in any way.
I have researched the website, testimonials, and information on the Internet to get to the bottom of what My DeFi Pet genuinely does. This is because I have been burnt from programs just like this in the past and I want to prevent others from making the same mistakes. If you’d like to learn Ways to Avoid Online Scams then click the highlighted text.
I do not have the authority to determine whether or not it is a scam.
As I always say, we all have different criteria for determining whether a platform or system is a scam, and I’ll leave that to you to decide. I’m only helping you in weighing your options and making a personal decision through this My DeFi Pet review I’ve written.
What I Like About My DeFi Pet
- Cute User Interface
Take a look around their website and see for yourself. Its vibe is somehow bringing out the inner child in you.
It is a little less expensive than Axie Infinity in terms of price.
- Supported by one of the most popular wallet extensions (Metamask).
What I Don’t Like About My DeFi Pet
- Constant bugs and maintenance issues.
This has always been an issue for most of the players. Some being demoted from the highest down to the lowest level, missing DPET tokens and many more.
- The Risks
The My DeFi Pet whitepaper presented the risks associated when acquiring, using and holding DPET token.
- Insufficient Information Disclosure
My DeFi Pet is still in development as of this writing, and its design principles, agreement methods, methodologies, codes, and other technicalities and variables may be updated and changed on a regular basis.
Although My DeFi Pet’s whitepaper provides the most up-to-date information, it is not absolute and may be revised and updated by the DPET’s team at any time.
- Talent Loss
The continuous cooperation of the existing technical staff and expert advisors, who are highly qualified and experienced in their respective industries, is critical to the development of My DeFi Pet. The loss of any member could have a negative impact on My DeFi Pet’s future development. Furthermore, team stability and coherence are important to My DeFi Pet’s overall development. There is a chance that internal disagreement and/or the departure of key employees will occur, having a severe impact on the project in the future.
- Numerous Competitors
Different sorts of decentralized apps and networks are rapidly growing, and the business is becoming more competitive. Alternative networks based on the same or comparable code and protocol as the underlying DPET token and/or My DeFi Pet could emerge, attempting to re-create similar services. My DeFi Pet may be forced to compete with these alternative networks, putting the DPET token and/or My DeFi Pet in jeopardy.
- Security Weakness
Last but not least, Malware assaults, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing are just some of the methods hackers and other malicious people or organizations may try to interfere with the DPET token and/or My DeFi Pet. Furthermore, a third party or a member of the Company, the Distributor, or their respective affiliates may introduce holes into the basic infrastructure of DPET token and/or My DeFi Pet, which could negatively affect DPET token and/or My DeFi Pet, either purposefully or accidentally.
Furthermore, the future of cryptography and security innovations is highly uncertain, and advances in cryptography or technical advances (including, but not limited to, the development of quantum computing) could pose unknown risks to the DPET token and/or My DeFi Pet by rendering the cryptographic consensus mechanism that underpins the blockchain protocol ineffective.
- Insufficient Information Disclosure
I understand that each system/platform has its own set of risks, so why bring it to the community if it isn’t ready yet?
Ready to make Passive Income Online?
Hi, I’m John. I created a passive income online. And I had no marketing skills or online experience when I started.
My Opinion – My DeFi Pet
I hope that my My DeFi Pet review aided you in your decision-making process in any way.
Before investing in a cryptocurrency, as with any other venture, you should conduct your own research.
Considering the game has a lot of competitors in the market so we don’t exactly know what lies ahead.
I understand that having fun while earning money is enticing, but before diving into a trend, make sure you understand it and are fully aware of the risks you are about to take.
And, as I previously suggested with Axie Infinity, it may still be a game, but since you’ll be putting real money on the line, it’s best to use cash you’re willing to lose.
How I Make My Lifestyle Online
Thank you for taking the time to read over my “My DeFi Pet review.” I devoted some time to learn more about this platform. As you may be aware, I am a fan of cryptocurrency. It’s just that in this crypto trading market, I haven’t yet found the approach/method that works for me.
But, if there’s one thing I’m most proud of, it is establishing my own online business.
I am an extremely busy person with a lot experience with side hustles, a father, and a husband all at the same time, but it didn’t stop me from conducting research on how to build a great business online and actively building one.
Look where my perseverance and dedication have led me now. I was able to do the things I enjoy while also making money online. If I could do it, I’m confident you can too and I will personally help you.
Check out my STRONGLY RECOMMENDED method. Starting here is completely free, but if you want full access to all of its features and services, you can upgrade to premium for only $49 per month.
Don’t worry because I’ll be helping you throughout your journey in building your online business, making sure you’re ready to face the new chapter in becoming a successful entrepreneur.
Click the photo to get started.
About John Stanley
Jоhn іѕ a Fаthеr, Husband, Entrерrеnеur аnd Internet Mаrkеtіng Suрроrt Cоасh. Evеr ѕіnсе hе ѕtаrtеd hіѕ Onlіnе Buѕіnеѕѕ he lоvеѕ wоrkіng frоm аnуwhеrе аnd thе lарtор lіfеѕtуlе. Thіѕ means bеіng сlоѕеr tо our сhіld аѕ ѕhе grоwѕ uр. When hе’ѕ nоt buіldіng wеbѕіtеѕ, hе’ѕ ѕреndіng рrесіоuѕ time wіth оur lіttlе girl аnd fаmіlу, еxеrсіѕіng аnd еnjоуѕ trаvеlіng. Follow me: Webtalk· Twitter· Instagram· Facebook
6 thoughts on “My DeFi Pet Review: Is My DeFi Pet a Scam or Not?”
I’d heard about My DeFi Pet and went to search engines to look for an honest My DeFi Pet review to find what is My DeFi Pet about.
It’s my first time actually reading a crypto-involved game! It’s rather interesting, how they develop an interactive game that can essentially earn them money.
However, much like any other games or websites, customer support is critical! Constant bugs and maintenance issues can really hurt the brand and it shows here in your review.
I deal with small amount of crypto myself so it would be nice to try to play, for fun. But after reading your review, maybe I’ll just drop the idea. Thank you for sharing this extensive and genuine review.
There are indeed many ways to earn from the laptop now! It’s amazing.
Thanks Sam for reading my honest My DeFi Pet review.
Thank you also for sharing your concerns about My DeFi Pet and your reluctance to invest your money and time into My DeFi Pet. Yes customer support is critical and that needs to be demonstrated with a better track record for My DeFi Pet.
For me, there are too many risks that I have highlighted, both in terms of making money and the stability/longevity of the whole My DeFi Pet system.
My DeFi Pet is one way to try to make money and it has some concerns/risks to be aware of. Despite these risks it still may suit some people. Others may want to consider the alternative online business model I present as a more certain way to build an online business and earn from your laptop.
It’s my second time visiting your website. I like what you’ve done so far in terms of reviewing cryptocurrency-involved platforms and courses. It’s very genuine and thorough. Been researching about crypto since the start of pandemic. I’ll keep an eye on your site. Thanks for this!
Thanks for coming back to my website Jayson, I really appreciate your compliments.
As you know, the cryptocurrency industry is booming and as a result there are many trying to make profit from the popularity, such as:
Courses and programs. I have reviewed Crypto Cowboys as well as CryptoPlanet on my YouTube channel.
For gaming, I have reviewed Axie Infinity and now My DeFi Pet.
I will do a lot more reviews of Crypto related courses, products and games as I am concerned that a lot of people are falling into the traps of thinking they can make easy money and fast profits from these systems and games. Yet nothing could be further from the truth!
My DeFi Pet is one way to try to make money from gaming and it has some risks and concerns to be aware of. Sure it may suit some people, but I want to make them fully aware of the risks. Others may want to consider the alternative online business model I present as a more certain way to build an online business and make money. Even better is to make profits from your online business and then invest into Crypto – as I do.
There is so much out there in cyberspace that I am so unaware of. I knew online gaming was available, but I never knew how involved it was until I read this My DeFi Pet review article. You carefully and meticulously explained the objective, process and instructions of the My DeFi Pet game. You even described how to access it online without an app. I especially like how you show each step with a visual. That’s a great way to review and instruct online.
It sounds like the verdict is still out with this game. I, like you, would be hesistant with this game until it has been around for awhile. And as you stated it is still in its infant stages.
Before I spend money on something, I’d like to know it can work if you devote time and effort to it.
Thanks so much for this review. It is quite informative.
Thanks Nina for reading my honest My DeFi Pet review.
Thank you also for sharing your perspectives about My DeFi Pet and your hesitance to invest time and money into My DeFi Pet.
For me, there are too many risks that I have highlighted, both in terms of making money and the stability/longevity of the whole My DeFi Pet system.
My DeFi Pet is one way to try to make money and it has some concerns/risks to be aware of. Despite these risks it still may suit some people. Others may want to consider the alternative online business model I present as a more certain way to build an online business and make money.