This metaverse coin looks up more than 669% today and is trading at $0.01809 at the time of writing. Although the crypto markets are in trouble today, metaverse coins continue to outperform other cryptocurrencies. As Kriptokoin.com, we are taking a close look at a metaverse coin that has gained close to 700% today. “What is SCARY (SCY)?” The question is also within the scope of our article.
What is SCARY (SCY)?
Released in December 2021, SCARY is a blockchain-based GameFi-integrated platform that combines immersive NFT, Farm and Adventure missions to earn SCY tokens within the Scary Doors Metaverse. The game revolves around users choosing a Scary Door to hunt down SCARY tokens inside. Players can also build their empire using SCY tokens. The game is similar to the popular Monsters Inc movie where monsters visit different gates. A random system displays three doors at a time for your monster to visit when you start the game. Players can win different prizes by choosing a certain door.
Users must have at least 1000 SCY tokens in their wallets to continue playing the game without gas fees or taxes. Scary Games has two different classes of monsters: Genesis monsters and Newborn monsters. Only 1000 unique Genesis monsters will be made. Scary Games has a fully functional NFT marketplace where users can purchase Scary Monsters. The game itself is currently in development, with beta coming in Q1 2022.
Why is SCY price going up? Recently, SCARY moved to a new contract address promoting its decentralized exchange, ScarySwa. Users can now mine liquidity on the platform and earn passive rewards. Recent immigration is probably the reason for SCY’s price increase today. Since SCY launched in December, the token has fallen victim to crypto’s bear market. Unfortunately, SCY has been underperforming since its launch and the price is slowly dropping. Also, with its current market cap of $46,000, SCY is quite modest considering it has its DEX and a fully functional NFT market. Also, when we look at the distribution of SCY holders, we can see that 93% of the supply is locked in PinkSale. Apart from the low trading volume, there doesn’t seem to be any red flags with this token as the distribution of the holders and the PinkSale lock look good.
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