Introducing Challenges and Wagers - Play-to-Earn 2.0

Last Modified:
September 9, 2024

Quick Summary

  • Tribally lets you earn rewards and tokens by participating in Challenges and Wagers.
  • Challenges are player-versus-player battles that award points to the winner.
  • The points you accumulate show up in the leaderboard and contribute to your reputation as a gamer.
  • You can also earn through Wagers by placing bets on which player wins. If you guess correctly, you earn a fraction of the rewards.

Tribally is raising the bar in Web3 gaming by introducing Challenges and Wagers, allow you to earn real value through your gaming skills. Let’s explore how these exciting new features transform the play-to-earn experience.

Tribally Challenges

Challenges on Tribally let you engage in Player vs. Player (PvP) battles with other gamers. Here’s how it works: you challenge another player, set up a game, and the winner earns rewards. Once a challenge is completed, the results are displayed on the platform.

Winners of these challenges earn challenge points, which show up on the daily leaderboard. At the end of each day, the top-ranking users receive $TRIBAL tokens as prizes, and the leaderboard resets for another day of exciting competitions.

Tribally Wagers

Tribally takes the excitement further with Wagers, which allow you to bet on your own performance or the outcome of another player’s challenge. Powered by smart contracts, these wagers ensure that all transactions are transparent and secure.

You can place wagers using $USDC or $TRIBAL tokens. However, using $TRIBAL offers lower commission rates, making it the better option if you want to maximize your earnings. Gamers earn a percentage commission on all wager volumes placed on their activities. Meanwhile, game creators and partnered platforms receive a commission on wagers made within their ecosystems. Furthermore, $TRIBAL holders can also get a percentage of commission on all wagers made across all games via staking.

If you’re a pro-gamer, you can participate in live esports events and earn more by making your gameplay exciting so more will be willing to place wagers on the outcome of your matches. If you’re a creator, you can build an audience by livestreaming PvP games to make the experience more fun and rewarding for everyone. Meanwhile, game creators can keep players engaged by offering exclusive NFTs and rewards when they place wagers. The higher the volume of wagers made, the higher the commission they receive. It’s a win-win situation for everyone involved!

Tribally’s Challenges and Wagers also have a strong community factor. The platform prioritizes the SocialFi aspect by offering strong social incentives to be an active participant in PvP games and other activities in the community. The more you participate, the more you get to earn, both in terms of reputation and $TRIBAL tokens.

By combining competitive PvP battles with financial incentives, Tribally offers a unique and engaging experience that rewards skill, strategy, and community involvement. Whether you’re a gamer, a creator, or someone who wants to hang out with a supportive gaming community, Tribally’s play-to-earn 2.0 opens the door to a richer, more rewarding gaming experience.