Duel Network

price
change

Discover Duel Network's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Duel Network?

Duel Network (DUEL) is a gaming token on the Binance Smart Chain that enables users to participate in various events, such as voting, without risking their capital. It facilitates community governance, in-game utilities, and transactions within a digital asset and NFT marketplace. The token is integral to the GameGPT ecosystem, which combines blockchain gaming with artificial intelligence tools, offering a unique gaming experience.

How is Duel Network used?

Duel Network (DUEL) is a blockchain-based token staking protocol designed to enable users to stake certain digital assets. The DUEL token is used for various purposes within the Duel Network ecosystem:

  1. Community Voting: The token is used for community voting on proposals, allowing users to participate in decision-making processes within the platform.

  2. In-Game Utilities: DUEL is utilized for in-game utilities, enhancing the gaming experience and providing additional features.

  3. Digital Asset & NFT Marketplace: The token is used in the digital asset and NFT marketplace, facilitating transactions and interactions within this space.

  1. Staking: Users can stake their DUEL tokens to earn rewards and participate in the platform's governance.

  2. Profit-Sharing: Token holders can benefit from profit-sharing mechanisms, ensuring they receive a portion of the platform's revenue.

These use cases highlight the versatility and importance of the DUEL token within the Duel Network ecosystem, providing users with a range of functionalities and opportunities for engagement and profit.

How do I store Duel Network?

To store Duel Network (DUEL) tokens, you have several options:

  1. Hardware Wallets: These are the most secure option, as they are offline and not connected to the internet. They are ideal for long-term storage of large amounts of cryptocurrency.

  2. Official Coin Wallet: You can use the official wallet provided by Duel Network for storing your tokens. This wallet is specifically designed for the DUEL token and offers a high level of security and compatibility.

  3. Third-Party Software Wallets: These wallets are provided by third-party developers and offer a range of features and security levels. Some popular options include Trust Wallet, MetaMask, and Coinbase Wallet.

  1. Exchange Wallets: You can also store your DUEL tokens on the exchange where you purchased them, such as MEXC Global. However, this is generally less secure than using a dedicated wallet, as exchanges can be vulnerable to hacking and other security risks.

When choosing a wallet, consider factors such as security, ease of use, and compatibility with your device and operating system. It is also essential to follow best practices for securing your wallet, such as using strong passwords, enabling two-factor authentication, and keeping your wallet software up to date.

How to buy Duel Network?

To buy Duel Network (DUEL) tokens, you can follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy centralized exchange that supports Duel Network (DUEL) purchases, such as KuCoin or Binance. Consider factors like ease of use, fee structure, and supported payment methods.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require providing personal information depending on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.

  2. Buy Duel Network (DUEL): Use fiat currency or a popular cryptocurrency like USDT to buy Duel Network (DUEL). You can also do a crypto-to-crypto exchange if needed.

  3. Store Your Tokens: For long-term storage, consider using a cold wallet, such as a paper wallet or a hardware wallet, for maximum security.

Additionally, you can use a crypto wallet to buy Duel Network (DUEL) directly or through a decentralized exchange (DEX).

Discover
Duel Network
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Duel Network

Duel Network (DUEL) is a cryptocurrency that has been active in the market for some time. The project is a p2e (play-to-earn) and GameFi multichain project that initially launched with the "neverlose duel mechanism" and later expanded to include its own NFT marketplace and real-time soccer game called Duel Soccer.

In addition to these features, Duel Network is also building its own IGO (Initial Game Offering) platform. This platform provides financial and consultancy support to projects, which are then offered for sale on the Duel Network's IGO platform.

As of 2023, the Duel Network has shifted its focus towards the GameFi industry, positioning itself as a game ecosystem that provides services to game projects. The project supports multiple chains, including Binance Smart Chain and Near.

Duel Network has a total supply of 40 million DUEL tokens, with a circulating supply that is not currently reported. The token is used within the Duel Network ecosystem for various purposes, including its p2e and GameFi features.

Historically, the price of DUEL has fluctuated, with an all-time high of BTC0.051159 recorded on March 13, 2024, and an all-time low of BTC0.061930 recorded on October 11, 2023. The fully diluted valuation of DUEL is BTC7.8880, which represents the maximum market cap if all 40 million tokens are in circulation.

The project has a significant following on social media, with over 26,684 followers on Twitter as of 2024. Duel Network's price and market data are tracked by various platforms, including CoinGecko and CoinMarketCap, which provide real-time updates on its price, trading volume, and market capitalization.

Discover
Duel Network
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Duel Network works

Duel Network (DUEL) is a blockchain-based token staking protocol designed to enable users to stake certain digital assets. It operates on the Binance Smart Chain protocol and is primarily used for community voting, allowing token holders to participate in key decisions and shape the future direction of the platform. The DUEL token is integral to the GameGPT ecosystem, which aims to revolutionize the gaming industry by integrating artificial intelligence (AI) tools and creating an immersive environment for gamers and developers.

Key Features and Functionality
  • Token Staking: Users can stake their DUEL tokens to participate in the platform's decision-making process and earn rewards.
  • Community Voting: Token holders have a say in key decisions, ensuring that the platform is shaped by its community.
  • In-Game Use: DUEL tokens can be used within games and other applications built on the GameGPT platform.
  • Decentralized Governance: The platform operates on a decentralized model, ensuring that no single entity has control over the network.
How to Buy and Use DUEL

To buy DUEL, users can follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports DUEL, such as Coinbase Wallet, MetaMask, or TrustWallet.
  2. Set up the Wallet: Create an account, set a strong password, and note down the seed phrase for recovery.
  3. Buy Base Currency: Purchase a base currency like Bitcoin, Ethereum, or Tether from a cryptocurrency exchange.
  4. Transfer Funds to Wallet: Withdraw the base currency to the chosen crypto wallet.
  5. Choose a Decentralized Exchange (DEX): Select a DEX that supports the wallet and DUEL, such as Pancake Swap.
  6. Buy DUEL: Connect the wallet to the DEX and trade the base currency for DUEL.
Risks and Considerations
  • Volatility: DUEL, like other cryptocurrencies, is highly volatile and subject to market fluctuations.
  • Security Risks: Users must ensure the security of their wallets and transactions to avoid losses due to unauthorized access or errors.
  • No Intrinsic Value: The DUEL token does not have inherent value and its market value is determined by user activities and secondary market transactions.

Overall, Duel Network (DUEL) is a unique project that combines blockchain technology with gaming and AI, offering users a platform for decentralized governance and community engagement.

Discover
Duel Network
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Duel Network's strengths

The token Duel Network (DUEL) has several strengths that make it a promising investment opportunity:

  1. Multi-Functional Token: DUEL is not just a cryptocurrency; it is the lifeblood of the GameGPT ecosystem, serving multiple roles that enhance the platform's functionality and user engagement. It is used for community voting, in-game utilities, transactions within the digital asset and NFT marketplace, and staking and rewards sharing.

  2. GameFi and AI Integration: DUEL is part of the GameGPT platform, which revolutionizes the gaming industry by integrating artificial intelligence (AI) tools. This creates an immersive and interactive environment for gamers and developers alike, setting it apart in the GameFi industry.

  3. Play-to-Earn and NFT Marketplace: DUEL is part of a play-to-earn project on the Binance Smart Chain network, which includes GameFi, play-to-earn, and NFT Marketplace categories. This broadens its appeal and potential use cases.

  1. Strong Market Performance: Despite being a high-risk investment with significant volatility, DUEL has shown potential for significant value appreciation in the future. Long-term price predictions suggest it could reach an average of $0.4891 by the end of 2024 and $2.19 by the end of 2030.

  2. Community Engagement: DUEL holders have a say in key decisions and the future direction of the platform through community voting, ensuring that users are actively involved in shaping the platform's development.

  3. Blockchain-Based Token Staking Protocol: Duel Network is designed to enable users to stake certain digital assets, providing a means for users to participate and earn rewards within the ecosystem.

These strengths position DUEL as a promising investment opportunity with growth potential over the next decade, particularly in the rapidly evolving landscape of blockchain gaming and finance.

Duel Network's risks

Duel Network (DUEL) carries significant financial risks for investors. The token is highly volatile, and its market value can fluctuate rapidly. Investing in DUEL should only be considered by those with a high tolerance for risk, a strong financial position, and the ability to afford potential losses. Additionally, the token's value is determined solely by secondary market transactions and may hold no intrinsic value, potentially leading to significant losses.

Discover
Duel Network
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Duel Network raise funds?

Discover
Duel Network
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Duel Network’s team

  • Margaret: VP of Brand Experience, leading the Brand Success and community teams, ensuring exceptional value for brand partners and the community.
  • Ollie: Head of Commercial, leading a team of Brand Advocacy Consultants, working with brand partners to design and execute brand advocate marketing programs.
  • Mia: Focuses on nurturing and understanding the link between employee satisfaction and success, shaping a workplace where people find purpose and joy.
  • Verity: Award-winning content strategist, providing strategic guidance to Duel’s network of eCommerce brands and managing Duel’s own B2B community & content strategies.
  • Ed: Heads up Partnerships, fostering and overseeing commercial relationships to achieve mutual benefits.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Duel Network NEWS REPORT

Latest news

Want an analysis of Duel Network? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM