Sunflower Land is going strong, despite the fact that token prices are crashing due to the current crypto crash. Thanks to the launch of its native token SFL, Sunflower Land is defeating all odds and reigning supreme.
Sunflower Land is reigning supreme over Polygon
Unlike its predecessor Sunflower Farm, Sunflower Land is not clogging the blockchain. This is because its backend is much more stable. Moreover, it is opting for a staged approach when it comes to onboarding new players.
In addition to the overwhelming interest in the game, the introduction of its native token, SFL, gave it an additional boost. Thanks to this launch, every player has the chance to cash out their earnings in SFL, exchange SFL for other cryptocurrencies, or reinvest their earnings in the game.
All about the SFL token
SFL is the economic tentpole of Sunflower Land. This is because it serves as a play-to-earn rewards token as well as an in-game currency. Players need SFL tokens to buy new seeds, which they earn every time they harvest crops and sell them in the Sunflower Land market.
SFL’s double whammy means that the circulating supply of tokens varies. In order to have some control over the supply, the team developed SFL-halving events. Halving events influence the price of in-game crops and seeds. In addition, the SFL rewards depend on the total supply of the token at any time. The lower the supply pool, the higher the value of each crop.
Players can also participate in the Wishing Well – an SFL liquidity provision mechanism. They have to pay a withdrawal tax every time they cash out. However, part of this tax goes to the Wishing Well. Therefore, SFL / MATIC liquidity providers on QuickSwap can earn a portion of all taxes accumulated in the Wishing Well.