Nakamoto GamesNAKA to PKR

What is Nakamoto Games (NAKA)?

It is a play-to-earn cryptocurrency gaming platform. This platform was Inspired by Santoshi Nakamoto. This digital coin was launched in the year 2020 by  Chawalit Rugsasri.  This platform has many in-house games as well as it supports games of different developers. This helps to encourage gamers to come forward on this platform and be a part of the gaming community. In fact, This platform was created for both gamers as well as game developers. The games on this platform are built on blockchain. This helps the gamers understand the blockchain and decentralized crypto environment.  Naka is the native token of this platform which gamers can earn by playing. This cryptocurrency has various features and use cases. 

Features of Nakamoto Games (NAKA)

This play-to-earn crypto gaming platform has a native token which has some of the best features which are as follows:

• Serviceability

The platform uses this token as its main medium of payment. Gamers can earn this token by playing games. This token can further be used for in game purchases, to take part in the tournaments etc. 

• Easy Availability 

This token is easily available in many cryptocurrency exchanges. It can be easily bought, sold or exchanged. This helps in maintaining the liquidity in the market. 

• Rewards

This token is given as rewards to the active community members who take part in the network's governance. 

• Community Driven 

This platform is community driven. It allows its community members to take part in the network's decision-making process. The members can cast votes and make necessary changes in the network. 

How to Acquire Nakamoto Game (NAKA)?

This token is available on many exchanges like KuCoin, XT.COM, CoinEx, etc. Just follow the below listed steps to buy this digital currency. 

• Security Exchange Choice 

Search for a reliable cryptocurrency exchange that supports this token. Choose a secured exchange for security purposes.

• Account Creation

Create your account on that exchange and complete the necessary KYC verification process. 

• Fund Deposit

Deposit funds into your account and place purchase orders for the required amount of coins. 

• Deposit Coins

Once the purchase order gets confirmed your coins will get deposited into your account. 

• Wallet Transfer

Transfer the deposited coins into safe wallets to keep them safe from any kind of malicious activity. 

Risks and Challenges Associated With Nakamoto Games (NAKA)

Like any other cryptocurrency in the ecosystem this token too has to face certain unavoidable Challenges which are discussed below: 

• Volatility 

Every cryptocurrency in the ecosystem is volatile.This means that it undergoes cost fluctuations very often. This constant change of cost makes it a risky investment. Moreover the investors have to keep a keen eye on the often changing cost.

• Widespread Adoption

Cryptocurrency itself is a very new concept in the financial systems. This makes it difficult for investors to opt for this financial investment. Very few people understand the concept of play-to-earn. In fact, many gamers also do not completely understand cryptocurrencies completely. Due to this reason this digital coin faces problems in gaining widespread adoption among the common public as well as  gamers.

• Competition 

Cryptocurrencies are a part of modern investments which means that they compete with other forms of investment like stock trading, gold investments, real estate etc. However, the sad part of that the competition is not only outside but also within. The digital coins are constantly in competition with each other.  Every new currency that is launched has some unique features that helps it to stand out from the others.  Hence there is always competition with ever increasing in the number of  cryptocurrencies. The new digital coin has to not only keep up with the new coins that come in the cryptoworld but they also have to lock horns with the existing crypto giants to gain a significant position in the ecosystem. 

• Regulatory Uncertainty 

Since cryptocurrency is a relatively new concept in the financial systems, the regulatory landscape is still evolving. There is no single regulatory body or set of rules. Every country has a different outlook for these coins. Everyday a new rule is introduced. This changing regulatory landscape makes it difficult for investors to make investment decisions. 
 

Future Outlook of Nakamoto Games (NAKA)

The future of NAKA is very bright because of the following major reasons: 

• Well Qualified Team

The developers of this platform are well versed in crypto currency and gaming. They are working round the clock to bring new updates that will help the digital currency reach new heights. 

• Dynamic Community 

The platform has a family of like minded people namely crypto investors, gamers, game developers and crypto enthusiasts. They actively take part in the network's governance and due to their constant suggestions and active participation they are sure to do well in the future. 

• Opportunity for Talented Gamers

There are even gaming updates for the future. This platform is built for both gamers and game developers, thus it attracts many developers to come and show their talents. 

• Top Class Features 

It has some of the best features that we have already discussed earlier. These features helps the platform provide the best to its users. The native token can be used for in game purchases and for many gaming activities. Overall this is among the  best play-to-earn gaming cryptocurrency platforms.

Conclusion 

There are many pros and cons of this digital currency. It is one of the best play-to-earn gaming platforms, on the other hand it can face some security issues in terms of its smart contracts. It enables its community to take active participation in the network's governance but at the same time it faces competition and problems in widespread adoption. Keeping in mind the risks and challenges and its constant developments and upgrades, this cryptocurrency is a good investment for gamers and game developers and there are pretty good chances of it to earn a prominent position in the ecosystem in the future.