My DeFi Pet is a lifestyle-driven pet game that fuses NFT collectibles with DeFi. Often likened to a blend of Pokémon and NFTs, it is particularly appealing to pet enthusiasts. The gameplay centers around collecting, breeding, and evolving NFT collectible pets, each possessing unique characteristics. The game is set in "an enchanted land with mysterious creatures and objects for everyone to embark on an adventure and uncover the magic behind the mystic veil." Launched on May 14, 2021, My DeFi Pet has demonstrated remarkable growth, reaching 166,000 token holders and gaining over 100,000 followers on both Telegram and Twitter by August 2021. Aiming for widespread adoption, the development team disrupted the conventional continuous rhythm of collectible games by introducing a seasonal approach. The inaugural season includes a competition with a grand prize of 100,000 USDT. To win, participants must locate NFTs with precise specifications as outlined in the contract and then submit them to claim the prize. The specific requirements will be finalized post-launch. Tentatively, winning the prize necessitates acquiring 10 legendary pets at the maximum level. Additionally, My DeFi Pet collaborates with other projects for yield-farming and plans to introduce battle and storage features. The release of these features and updates has been announced for Q3 2021.

My DeFi Pet was launched in April 2021 by a Vietnamese team, which is also responsible for KardiaChain, the first interoperable blockchain in Vietnam and Southeast Asia. The CEO of My DeFi Pet, Trim Pham, is also the CEO of KardiaChain. The COO, Liem Thai, serves as the CEO of Topebox, one of Vietnam’s leading game development studios. He brings over 15 years of experience in the gaming industry and media, combined with 30 years as an enthusiastic gamer. The three other core team members are affiliated with either KardiaChain or Topebox. My DeFi Pet is also supported by a four-member advisory team and a diverse array of venture capital funds, including Animoca Brands (NFT-focused), Spark Digital (DeFi-focused), Axia 8 and Bixin Ventures (product development and strategies), among others.

My DeFi Pet presents complex gameplay designed to engage players effectively. Players can acquire pets through two primary methods. The first method involves summoning them, which entails obtaining a random egg by spending a specified amount of DPET tokens. Alternatively, players can participate in pet auctions. A new pet is generated every hour, and players have the opportunity to place bids using DPET tokens over a 24-hour period. Following the bidding phase, any unclaimed pets will remain at the Altar for future use. Players also have the ability to breed new pets by pairing any two existing pets, allowing the offspring to inherit traits from both parents. This breeding process can result in entirely new pets, as the offspring adopts characteristics from each parent. Pets possess distinct evolution stages and abilities; players can evolve their pets by feeding them DPET tokens. Additionally, pets can engage in battles and fight bosses, earning DPET tokens as rewards. Each boss consists of 100 levels, appearing 15 minutes after the previous level is either defeated or time expires. Pet Masters are allocated 12 hours to defeat any boss levels before they disappear, with a 48-hour window allocated for the final boss. My DeFi Pet aims to incorporate play-to-earn and social features in the future, with plans to release a mobile application prior to the launch of Season 2 in Q2 2022.

The total supply of DPET is 100 million tokens. Of this, 21.875% were allocated in a private sale, vested at 10% per month, while 1.5625% were distributed in a public sale. The team receives 16.5% of the tokens, which are locked for one year and subsequently vested linearly over another year. Partners are allocated 10% of the tokens, locked for six months, then vested linearly over a year. Advisors receive 3% of the tokens, following the same vesting schedule. Additionally, 1.25% is designated as liquidity for the DEX, 18.8125% is held as a reserve, and 27% is reserved for marketing, vested at a rate of 5% per month.

DPET is a BEP-20 token operating on the Binance Smart Chain, while the game is hosted on the interoperable KardiaChain. The team has expressed intentions to expand DPET's availability to other blockchains, including Ethereum and Polkadot. Additionally, a VRF function from Chainlink has been integrated to ensure complete randomness in the game. The Binance Smart Chain (BSC) is secured using the proof-of-stake consensus mechanism. Each day, 21 validators are elected to validate transactions and uphold the blockchain's security. These validators must stake a specified amount of BNB coins with Binance to qualify for the role.

My DeFi Pet was officially launched on May 14, 2021, on Pancakeswap.

DPET is available on PancakeSwap, Gate.io, and KuCoin. To learn more about how to start buying cryptocurrencies, you can refer to our guide. As the game has grown in popularity, the DPET to PHP price has increased significantly in the Philippines.