After a slight delay due to the recent hack on Solana wallets, Genopets launches Habitat Management for their players. This is the official start of their move to earn economy, and as such, comes with a wipe of all accumulated Energy and levels for beta users.
In Genopets, Habitats are the gateway into the move to earn economy. With them, players convert their Energy to KI tokens, generate Crystals, create new Habitats, and spawn new Terraform seeds. They will also offer additional functionality in the future with crafting and Crystal Refinement.
At the moment, there are only Genesis Habitats, which are not cheap. Luckily, Genopets already includes a rental function, allowing Habitat owners to delegate the Refining and/or the Alchemy sections of their Habitats. The owners select a fee percentage and assign a renter, who can then use the selected Habitat function (Alchemy is for Energy conversion).
Genopets Habitat Management
There are some limits. Energy conversion is maxed out at 40 KI per day for a level 1 Habitat, though level 2 and 3 Habitats have a larger cap. Also, the conversion process is not instantaneous. Tokens created from conversion have a minimum vesting period of 7 days. Players can extend that period to 10 or 14 days for a better Energy conversion rate.
Habitats can also make Refined Crystals, once per day. Genesis Habitats can make any type of Crystal they wish. Other Habitats will only be able to make Crystals that match the Habitat type. In future updates, Habitats will also be where players Refine Crystals for crafting items.
Now, of course, the problem most play-to-earn games run into is the inevitable token crash that comes from players selling their tokens. Genopets has limited this with the KI generation limits, and delayed any initial sales for 7 days, but will the demand for the KI token meet the selling pressure? We’ll have to see. At current prices, 40 KI tokens is equal to about $9 USD.
Genopets already has a couple of uses for KI tokens — Habitat upgrades and Terraforming, or the making of a new Habitat. But both are pretty pricey, and long-term goals at best for most players. Genopets will need some lower cost KI sinks to help keep the economy afloat.
But this an exciting day in the world of Genopets! And one many have been waiting for. With the implementation of Habitat management comes the true launch of the Genopets move to earn economy. Any Energy of levels that were gathered during beta were erased and everyone starts from the beginning again, though this time, it’s for keeps!
What is Genopets?
Genopets is a free-to-play, “move to earn” game built on the Solana blockchain. Genopets uses data tracked by a smartphone or fitness wearable to count steps, which users convert to energy to level up their Genopet. In this move to earn game, players earn XP from walking. They convert that XP into KI tokens using Habitats. Then, use the KI token to craft Crystals, improve their Genopet, and walk some more!
Genopets features a number of NFTs, as well as the new style ‘SFTs’ for basic resources. The main NFTs are Genesis Genopets and Habitats. SFT Resources include Raw Crystals, Refined Crystals, Terraform Seeds, and other upcoming game additions.
Players can earn via cashing out their KI tokens, crafting and selling Crystals, or renting out Habitats. Habitats are the main gateway into play to earn. Each Habitat holds one Genopet. Habitats generate Crystals and KI tokens passively, while also increasing the experience your Genopet earns. All crafting is done at a Habitat. Players must maintain their Habitats or production stops.
Genopets is still in closed beta, but expect them to start sending out additional invites as they work out any kinks in their new system. And the free-to-play, open beta should arrive soon as well!