Path to the meta-universe: current products, updates and perspectives of the BRINGOLD blockchain ecosystem

In the era of digitalization, blockchain technology is continuously transforming various fields of activity, from banking to gaming. Every day, more and more projects are emerging that offer unique solutions to improve the security, transparency and efficiency of transactions. The importance of innovations in this sector can hardly be overestimated, as they not only facilitate current transactions, but also open the door to the future – to the creation of meta-universes and fully decentralized ecosystems.

BRINGOLD is one of the brightest representatives of pioneering blockchain projects. This multifunctional platform aims to create a holistic ecosystem that combines ease of use, speed of transaction processing and a wide range of services for its users. In this article – about BRINGOLD’s products, as well as the projects that the team has announced for launch during 2024.

BRINGOLD ecosystem: uniqueness and differences

BRINGOLD is a multifunctional blockchain platform based on the principles of DAOs (Decentralized Autonomous Organizations) and built on Polygon. The BRINGOLD ecosystem offers a wide range of products and services in the GameFi, DeFi, SocialFi and Education segments with the goal of creating a universal space (meta-universe and Web 3.0) that will host products to fulfill the huge variety of needs of the user community.

The BRINGOLD team chose the Polygon blockchain for the reason that it is suitable for the same purpose as Ethereum, but has high scalability and throughput with low transaction costs. This blockchain is secure due to its delegate and staker system, and is compatible with other cryptoassets and supports DeFi.

As BRINGOLD will appear by the end of 2024, according to the Roadmap published on the website, the platform will not only allow users to receive rewards in cryptocurrency as part of DeFi services, but also enjoy an entertainment zone, shopping, business and education.

Recently, more than 350 wallets have been integrated into the BRINGOLD service. This has provided users with the ability to easily manage their assets, working with familiar and trust vaults (to choose from).

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BRINGOLD ecosystem tokens

There are several key tokens present in the BRINGOLD ecosystem. Each performs specific functions and provides unique benefits to users.

• BRIN (BRIN) is the platform’s primary token used to exchange and store value within the ecosystem. It provides access to all BRINGOLD services and products, including steaking, P2P transactions, and gaming applications.
• BRINGOLD (BRING) is a governance token that gives holders the right to participate in the management of the ecosystem and receive payments through their activity. BRING holders receive bonuses every 24 hours, which incentivizes long-term investment and intensive participation in the development of the platform.
• BRINLAND (BRLD) is a token that opens additional opportunities in the BRINLAND game. It provides access to special events, auctions and airdrops. The gameplay becomes more exciting and profitable for participants.
• BRINLAND NFTs are unique digital assets that act as game characters and artifacts to enhance them. Owners of these NFTs can trade them on the Marketplace, use them in-game, or hold them as an investment. Collecting and holding certain NFTs can also earn bonuses.

Tokens provide flexibility and variety of ways to earn rewards and incentivize user activity and participation in the various products of the BRINGOLD ecosystem.

The current products are DeFi, P2P and Game Zone

BRINGOLD offers several products. They provide a variety of reward opportunities, from steaking and hodling to earning on the rate spread and engaging entertainment.Products already available on the platform:

• Proof-of-Stake (steaking). Allows users to earn rewards for holding BRIN tokens for a certain period of time. BRIN token steaking is available in several modes, including passive and active. In the former, users can freeze their tokens for 30 or 180 days and receive returns of 5% or 35% respectively, while in the latter, users can flexibly manage their tokens by unfreezing them daily and employing various strategies to maximize returns.
• BRINGOLD Earn. Gives the opportunity to earn bonuses in BRIN tokens for holding digital assets such as BRING, BRLD and NFT collections. Users can choose the asset they wish to hold and receive rewards every 24 hours. The holding period is at least a day, after which users can claim their rewards in BRIN tokens.
• P2P (peer-to-peer) exchange service. It allows exchanging digital assets directly with other users using smart contracts. The service has a secure secret chat room for communication between the exchange staff and the user, which increases the security of the transaction because it takes place entirely within the platform without third-party messengers. A user can open his own exchanger and earn on the BRIN rate spread (currently about 2%). The service offers an intuitive interface, transaction protection with smart contracts, anonymity and a variety of payment methods. Users choose exchangers by rating and the most favorable conditions.
• Games. The BRINGOLD gaming area features various mini-games such as Raffle, CoinFlip and LuckyCoin, in which users can earn BRIN tokens. Winners are determined using Chainlink Automation’s blockchain service. Transparency and reliability of the process are guaranteed. An important feature of the service is that it is possible to take the total pool even with a small investment, as the factor determining the winnings will be luck, not the size of the bet.

NFT marketplace, P2E game, social network and other future launches

BRINGOLD has ambitious plans for the development of its ecosystem. The following products and initiatives will be launched during 2024:

• NFT-marketplace and the Brinland Race NFT-gaming collection. The NFT Marketplace will enable ecosystem members to not only buy, exchange and trade unique game cards, but also create their own collections for sale on third-party platforms that support the Polygon network (e.g., OpenSea). The variety of features will enhance interaction within the platform and increase the value of game assets. The marketplace is expected to become a hub for trading unique digital items and contribute to the growth of the BRINGOLD community.
• DEX Exchange. The decentralized marketplace will allow users to exchange tokens without intermediaries. This will make transactions within the ecosystem faster and cheaper. The service of P2P transfers from one user to another without intermediaries using smart contracts and with the arbitrage function will give participants the opportunity to receive additional payments when trading on the BRINGOLD platform.
• Cryptoacademy. A large-scale educational project that will help users better understand the digital currencies and blockchain segment and attract new audiences to the platform.
• BRINPAY payment service. A fast, secure and stable way to convert one currency to another with minimal fees. It is planned to issue international debit plastic cards BRINPAY for payment of goods and services worldwide.
• Marketplace. Ability to exchange goods and services for BRIN tokens. The Marketplace will make the BRINGOLD ecosystem part of the real economy and promote partnerships within the community.
• BRINGOLD social network with Connect-to-Earn integration. This will bring users together in a “socialize and earn” format. Members will be able to earn rewards for normal actions in the social network: communication, activity, content creation, etc.

Author: Saifedean Ammous, an expert in cryptocurrency economics.