Everything you need to know about the Sunflower Land economy
Sunflower Land is the reborn miracle project which rose from the ashes of Sunflower Farm using the SFL token to empower players. After the initial dapp essentially broke the Polygon network because of its popularity, the development team started anew and launched Sunflower Land.
Sunflower Land launched in February 2022 with an extensive beta testing phase. Importantly, players were able to migrate their Sunflower Farm land and items and continue playing from the point they reached during the initial release. If you’re curious about what happened to Sunflower Farm, you can read this detailed overview.
What is Sunflower Land?
Sunflower Land is a Play-and-Own crypto game where everything you collect is identifiable on the Polygon blockchain. You can farm, chop, mine, and craft items as you build your farming empire.
Each crop you farm has a different SFL sale price on the in-game market. SFL can be used to purchase booster items, and new seeds to plant on your farm. What’s more, SFL also allows players to benefit from the play-to-earn mechanics of the game.
While the first launch of Sunflower Farm was not completely successful, it shed light on the vast number of players that have an interest in such a platform. Consequently, the development team decided to start again and is now running the Sunflower Land beta. Check out the trailer below to get a better idea of what Sunflower Land is:
What is the SFL token?
SFL is the economic backbone of the Sunflower Land ecosystem. It serves as both an in-game currency and the play-to-earn rewards token. Players receive SFL tokens for every crop they harvest and sell on the in-game market. Importantly, players will also need SFL tokens to purchase new seeds and craft bonus-generating items.
Halving events are an integral part of the Sunflower Land economy. As this is an in-game token as well as a rewards token. This means that the circulating supply of tokens varies a lot. In order to balance out the economy, the development team introduced SFL halving events. These halvings affect the pricing of crops and seeds in the game, but not the price of the token itself. SFL rewards are based on the total supply of the token. For example, when the supply is less than 100,000 farmers receive 0.02 SFL when they sell a sunflower. On the other hand, when the supply is between 100,000 and 500,000 farmers will only receive 0.01 SFL when they harvest a sunflower.
Players can also take part in the SFL liquidity provision mechanism called the Wishing Well. As gamers pay a withdrawal tax when they take out their SFL earnings, a portion of this tax goes into the wishing well. All SFL / MATIC liquidity providers on QuickSwap have a chance to earn a portion of the taxes collected in the wishing well.
Sunflower Land is a fun play-to-earn platform with DeFi functionalities. If you want to learn more about the game, check out its official page here. Additionally, you can follow DappRadar on Twitter for more informative blockchain game reviews and news.