The post HashCats prepares for Token Generation Event after completing mining season appeared on BitcoinEthereumNews.com.

HashCats, a tap-to-earn miner game, is concluding its first season and shifting focus to its upcoming Token Generation Event.  With nearly five million players engaged in the game’s first six months, HashCats has announced a $500,000 giveaway in collaboration with its partner Choise.ai to reward players ahead of this next phase, according to a release shared with crypto.news. T2E games, which allow users to earn cryptocurrency by playing, have gained attention but faced challenges in maintaining long-term engagement. Games like Hamster Kombat and Catizen (CATI) initially sparked hype but have struggled to sustain user interest. HashCats is trying to buck this trend by expanding its ecosystem and enhancing player incentives. HashCats background Tap-to-earn games let users generate cryptocurrency by playing simple games. In HashCats, players mine $HASH tokens by tapping their screens and upgrading virtual mining equipment. These tokens can then be converted into cryptocurrency or used within the game’s ecosystem.  Unlike traditional games that charge for upgrades, T2E games aim to provide a potential income stream for players. Season 1 of HashCats introduced basic mining mechanics, enabling players to use a single virtual ASIC miner designed for mining specific digital currencies based on their hashing algorithms.  According to the release, Season 2 will expand this concept, enabling players to manage a full mining farm and introducing Secret Points, which boost TGE rewards. Players from Season 1 who accumulated SP through contests and giveaways will gain an advantage in the new phase. HashCats and Choise.ai Collaboration The partnership with Choise.ai, a platform that merges traditional finance with blockchain, adds an extra layer of incentives.  The ongoing $500,000 giveaway includes events like the “Wheel of Fortune” contest, where players can win CHO tokens. Choise.ai also plans to launch Visa and Mastercard options tailored for HashCats players. Source: https://crypto.news/hashcats-prepares-for-token-generation-event-after-completing-mining-season/

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Filed under: News - @ November 21, 2024 11:18 pm