FAQ
Frequently Asked Questions (FAQ)
What is GameFi?
GameFi are games built on blockchain technology where players can earn cryptocurrency for their gaming activity. The main feature is true ownership of gaming assets through NFTs.
How much money do I need to start playing?
It depends on the game. Some games are free, others require initial investments to purchase NFT characters or equipment. Minimum investments can start from several dozen dollars.
What risks exist?
Main risks: token volatility (prices can drop), project fraud, blockchain technical issues, game rule changes by developers. Invest only what you can afford to lose.
Which wallet do I need?
The most popular: MetaMask (Ethereum, Polygon), Phantom (Solana), Coinbase Wallet. The choice depends on the blockchain the game operates on.
How do I withdraw earned tokens?
Earned tokens can be sold on decentralized exchanges (DEX) or centralized exchanges (CEX), then withdrawn to a bank card through exchange services.
Are GameFi games legal?
Legality depends on jurisdiction. In most countries, the games themselves are legal, but earnings may be subject to taxation. Check your country's laws.
How to choose a reliable game?
Pay attention to: development team (experience and reputation), project whitepaper, community activity, project existence time, partnerships with known companies.
What are GAS fees?
GAS is a fee for transactions on the blockchain. On the Ethereum network, it can be high during network load. Consider alternative blockchains with lower fees.