Project The ISLAND

Project The ISLAND

ISLAND with L’ile in DeFi
L’ile with its ISLAND concept takes advantage of decentralized apps (dApps) that work together through Smart contracts that enforce revenue sharing, mining for the content and behavior, not the asset itself while having unique NFTs as avatars, which can be upgraded, trained, and traded, which are also stackable DeFi objects. Decentralized finance uses technology to disintermediate centralized models and enable the provisioning of financial services anywhere for anyone regardless of ethnicity, age, or cultural identity. DeFi services and apps are mostly built on public blockchains, and they either replicate existing offerings built on the rails of common technology standards or they offer innovative services custom-designed for the DeFi ecosystem. At the same time, DeFi applications provide ISLAND users with more control over their money through personal wallets and trading services that explicitly cater to individual users instead of institutions.

 

NFT used by The ISLAND for Multiple Purposes
NFTs unlock and mobilize value where there previously was value, but you couldn’t mobilize it. For instance, a rapper’s fan base. A popular rapper has millions of fans all over the world, but could he provide any value for them directly apart from the tracks he produces? With NFTs fans purchase tokens to take part in special engagement sessions with rappers. Of course, this comes at a cost. But some fans are happy to pay the price. Both security tokens and non-fungible tokens offer a value proposition. This value proposition is priced. As a piece of real estate can have a dollar value on it, so can digital real estate, digital art, or a rapper’s future cash flows.

 

Few advantages of NFT that ISLAND can Provide also
Unique
Unlike Bitcoin, NFTs are unique. No two tokens are the same. Think of them as a movie or concert ticket, they allow entry into an event to a specific person. Even if your concert ticket (with your details were stolen) the new holder will have to prove they are you in order to attend the event.

Indivisible
Like a Bitcoin can be divided into a million satoshis or a $100 bill to one hundred $1 bills. An NFT cannot be divided into secondary units. This destroys their value proposition, which is given to one holder.

 

Trustworthy and fair mechanisms of Gamification
The Island employs gamification, which is all about engaging customers by introducing new rules, risks, and reward systems. Unfortunately, centralized authorities tend to enact rules that only benefit them. Businesses are compelled by blockchain technology to create equitable risk and reward mechanisms and to design and follow set rules. The use of cryptocurrencies even enables gifts, such as those from loyalty programs, to have greater financial utility for users. Customers' rewards gain more value as a result of the concept of digital ownership. Users can be confident that by using such methods, gamified campaigns will benefit all parties.

 

Blockchain gamification with The Island and other industries is possible with applications designed to borrow aspects from the gaming industry's success. Other areas can exploit the successful features of the gaming sector with blockchain technology. Glamorisation is ready to follow as blockchain technology continues to disrupt every business and everyday life. Controversy can be created and maintained by faster, smarter, and flexible loyalty campaigns.

 

Contact With Us:

Website : https://theisland.live/

Medium : https://the-island.medium.com/

Telegram : https://t.me/theislandofficial

Twitter : https://twitter.com/theisland_live

ANN : https://bitcointalk.org/index.php?top

 

AUTHOR

Bitcointalk Username: Antonio Puertas
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2855040
Telegram Username: @Donita2020
Bsc Address: 0xFA73fa1977078CC6b926F1a59fc5b886a67912cC