HiFi Compete and Moon-Vault
We all know that gaming is life. With HiFi, you get to make money while doing it and that is a sweet gig. You stake your HiFi on our site and you make money to play. However, we also understand that different customers have different needs. Hopefully, as you all know, we are here to serve the customers and provide a good experience while also helping you make money playing games. We want to change the direction of gaming from play to win to play to earn, and want you to be here with us on this journey.
Recently when we completed a customer journey survey to determine where we should focus some of our time, there were several elements that we have taken to heart. We are working on all of them, and found several quick ones that we could progress through to get a good foothold on the customer experience. Aside from Marketing, two big ‘Quick Hits’ stood out.
So with that being said…
Today, HiFi Gaming Society is proud to announce HiFi Compete, and a brand new partnership with Moon-Vault.
Starting with Compete for you crazy gamers out there.
The day has come. That’s right, it’s time to prove to us who really is the best of the best. This Monday, January 10th, we launched HiFi Compete. With compete you were finally able to show the blockchain who was boss.
So how did compete work? Before you do anything you have to have a MetaMask wallet or TrustWallet set up in either Chrome or Firefox and you need to have some BNB on the Binance smart chain.
Once you have BNB you need HiFi so head over to apeswap.finance and click “Trade,” and then exchange.
From there you simply trade your BNB for HiFi, you will need 1000 HiFi to play and 10,000 to stake and earn.
Click below for a step by step video on how to stake in play and earn.
Now that you have your HiFi, you have it staked to Play. Its time for Compete.
Do you have what it takes? Each competition will be 7 days and you can tough it out against the entire HiFi universe to see who is the best. At the end of the 7 days the winners will receive a common NFT, with 2nd through 5th place receiving a share of the HiFi reward pool.
To show you how much love we have for you HiFivers, the first HiFi Compete will be free to enter. Once it launches on Monday just click the Compete button at the top of the screen and its game on.
So that’s it. Compete is ready to go so we hope to see you out there. We hope you are as excited as we are to finally release this advancement to the platform. We hope it engages the community while also enabling you all to have fun battling it out. Next up is Moon-Vault.
We are equally excited to tell you of our second announcement. A partnership with app.Moon-Vault.com. With this partnership you will gain a new way to invest, while also providing liquidity to the HiFi/BNB pair. So lets walk through exactly what a Vault is, exactly how to use it, and how it will benefit both you and HiFi.
Lets start with the How of using Vault? First you need to go to apeswap.finance and create an LP. To do so you will need to purchase HiFi and pair it with BNB. Click on ‘Trade’ and then ‘Exchange’ to purchase HiFi, but don’t use more than 48–49% of your BNB because you will need a small amount to pay for fees.
Once you have HiFi and BNB you need to click on Trade and then Liquidity, in the same area you traded. There you will make the Pair of BNB/HiFi.
Once that pair is created, all the user needs to do is go to the Moon-Vault Hifi Vault (on our website) and Deposit. And that’s it. Now you are about to start getting sweet returns. Now lets understand exactly what a Vault is and why you should consider doing this.
What is a vault? Well, to understand a Vault, you must first understand a farm.
If you have used a farm before, on apeswap.finance for example, you know that if you pair two coins together you are able to stake them and earn rewards that are usually much higher than staking a single token alone. The problem here is that you are rewarded in part by the token that the site uses. Further, you then you have to claim the reward, sell it, convert it back to an LP by buying the farmed LP tokens, pairing them, and then provide liquidity again before finally being able to re-stake it. That is a lot of steps and is completely unnecessary. Essentially in a farm, each time you want to compound the rewards, you have to complete all the steps we already went through above.
So here’s how a Vault solves that issue. It does it all for you. Simple as that. It takes your LP, stakes it, earns rewards, auto compounds it, sells the earned assets that you don’t necessarily want, and purchases more of the HiFi/BNB pair. Also, if you compound a lot, this will save you greatly on transaction fees.
Pretty great if you ask me. Also you can see an estimate of how the vault will improve rewards. It depends on what apeswap.finance is paying out in terms of rewards but regardless of what it is, the vault improves it greatly.
Of Note: Your funds are NEVER locked like many Vaults, and you can withdraw at anytime. There are also no hidden fees.
One of the best “side effects” of the auto compounding, and the automatic repurchase of the HiFi/BNB pair, is that as more customers invest and hold their money in this vault, HiFi will have constant buy pressure raising the price and value consistently over time. The Platform and the user benefit, like a beautiful equilibrium.
Moon-Vault will be releasing later this week so pay attention to our socials for the announcement!
We are really excited about these two announcements and hope that you will enjoy them as much as we enjoy telling you about them. See you out there HiFivers.