90% drop in the price of Defy Kingdoms game tokens following the discovery of a significant vulnerability

DeFi Kingdoms is a hugely popular Chinese blockchain game. After identifying a vulnerability in the game that allowed users to release their locked tokens faster, the game’s token, called JEWEL, lost 90% of its value.

To Report Crypto briefing, after users lost their initial interest in the game, the price of Joule tokens fell by more than 90%. A vulnerability that allows users to extract Jol tokens from multiple accounts has been identified as the main cause of the price drop.

The Fall of Kingdoms

Once again, one of the profitable games is facing the problem of upsetting the game economy and is trying to balance its economy.

The Kingdoms Defy project token, called the Joule, lost nearly 90 percent of its value at its highest price in January. The innumerable bonuses and books that are given to the players in this game based on Jeol tokens, while there is no news of an influx of new players, have caused the pressure to sell Jeol tokens in the markets.

In addition, the discovery of a new vulnerability that will allow players to unlock their locked tokens sooner has also affected the price of the Jeol. According to Frisky Fox, the developer of the Kingdoms game, users have realized that they can increase the extraction rate by transferring locked joules between multiple accounts. This vulnerability allows more heroes in the game to extract locked gems at the same time.

The number of tokens entered into the game due to this vulnerability is much lower than that of legally extracted joules; However, the price of the Jeol token has been severely affected. Over the past night, the Jeol fell 21 percent to its lowest level at $ 2.55. Just four months ago, the Jeol traded at its all-time high of $ 22.25. Although an update is expected to be released later today to address the vulnerability, the Jeol price chart shows no signs of slowing down in several months.

According to DappRadar, the number of active Defams Kingdoms players has halved in the past month, from 30,000 on March 31 to about 15,000 today. The number and volume of transactions have also decreased. This situation is not unique to Kingdoms. Several other Chinese blockchain games, such as Axie Infinity and Crabada, have also seen a sharp decline in users and activity in recent months.

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Defy Kingdoms was known at its heyday as one of the established blockchain games. Influencers of digital currencies such as Ansem have consistently praised the game and its growth. While the expansion of Crystalvale has increased the hype surrounding the Kingdoms defense game, however, despite a dedicated development team as well as the recent launch of the game under the Olench network, the game’s token in the market is now performing digital currencies. It has not been good. It is unknown at this time what he will do after leaving the post.