How and Where to Buy My DeFi Pet (DPET) – Detailed Guide
- What is DPET?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy ETH with fiat money
- Step 3: Transfer ETH to an Altcoin Exchange
- Step 4: Deposit ETH to exchange
- Step 5: Trade DPET
- Last Step: Store DPET securely in hardware wallets
- Other useful tools for trading DPET
- Frequently Asked Questions
- Latest News for DPET
- DPET Price Prediction and Price Movement
What is DPET?
To find out even more about this project, check out our deep dive of My DeFi Pet.
What Is My DeFi Pet (DPET)?
My DeFi Pet is a lifestyle-based pet game combining NFT collectibles and DeFi. The game has been described as a crossover of Pokémon and NFTs, ideally suited to pet lovers. The gameplay revolves around collecting, breeding and evolving NFT collectible pets, which all have individual characters. The game is set in “an enchanted land with mysterious creatures and objects for everyone to go on an adventure and discover the magic behind the mystic veil.”
My DeFi Pet launched on May 14, 2021, and has achieved impressive growth since, growing to 166,000 token holders and over 100,000 followers on Telegram and Twitter each as of August 2021.
To achieve their goal of a game that gets mass-adopted, the team broke up the usual long-winded rhythm of collectible games, replacing it with seasons.
The first season features a competition with a grand prize of 100,000 USDT. To win, players have to find the NFTs with the exact specifications as prescribed in the contract and then send these to the contract to claim the reward. The particular requirements will be decided after launch. Tentatively, the prize requires 10 legendary pets with maxed level.
Besides that, My DeFi Pet offers yield-farming in cooperation with other projects and plans to have battle and storage options. The release of these features and updates has been announced from Q3 2021.
Who Are the Founders of My DeFi Pet?
My DeFi Pet was launched in April 2021 by a Vietnamese team, which is also behind KardiaChain, the first interoperable blockchain in Vietnam and South East Asia. The CEO of My DeFi Pet Trim Pham is also the CEO of KardiaChain. COO Liem Thai is the CEO of Topebox, one of Vietnam’s leading game development studios. He boasts more than 15 years of experience in the game industry and media and 30 years as a passionate gamer.
The other three team members that are part of the core team are also members of either KardiaChain or Topebox. My DeFi Pet is also backed by a four-man strong advisor team and a diverse group of venture capital funds, such as Animoca Brands (NFT-focused), Spark Digital (DeFi-focused), Axia 8 and Bixin Ventures (product development and strategies), and others.
What Makes My DeFi Pet Unique?
My DeFi Pet features intricate gameplay to keep players hooked.
Players can obtain pets in two distinct ways. The first option is to summon them, that is obtaining a random egg by consuming a certain amount of DPET tokens. Alternatively, players can participate in auctions for a pet. A new pet is born every hour, and players can bid with DPET tokens for 24 hours. After the bidding period, any unclaimed pet will remain at the Altar for later purposes.
Players can also breed new pets by combining any two pets that will inherit their parents’ genes. That means entirely new pets can arise as a result of breeding, since the offspring inherits features from both parents.
Pets have certain evolution levels and capabilities, so players can feed them DPET tokens to evolve their pets. Furthermore, pets can participate in battles and fight bosses to earn DPET tokens as a reward. A boss has 100 levels, and each boss level will appear 15 minutes after the previous boss is defeated or the time runs out. Pet Masters have 12 hours to defeat any boss levels before they run away. For the last boss, players have 48 hours.
My DeFi Pet will also have play-to-earn features and social features in the future and plans to release a mobile app before the launch of Season 2 in Q2 2022.
Related Pages:
Check out Axie Infinity (AXS) – another pet-oriented trading game incorporating NFTs.
Check out CryptoZoon (ZOON) — a Pokémon-inspired NFT trading game.
Learn how NFTs work in our guide to non-fungible tokens.
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
How Many My DeFi Pet (DPET) Coins Are There in Circulation?
The total supply of DPET is 100 million. 21.875% were distributed in a private sale (vested at 10% per month) and 1.5625% in a public sale. 16.5% of the tokens go to the team but are locked for one year and then vested linearly for one year. 10% go to partners and are locked for six months, then vested linearly for one year. 3% go to advisors with the same vesting schedule. 1.25% serve as liquidity for the DEX, 18.8125% as reserve and 27% are reserved for marketing and vested at 5% per month.
How Is the My DeFi Pet Network Secured?
DPET itself is a BEP-20 token on the Binance Smart Chain, while the game itself is running on the interoperable KardiaChain. The team states it wants to make DPET available on other blockchains as well and mentioned plans to launch on Ethereum and Polkadot. Recently, it also integrated a VRF function from Chainlink to guarantee 100% randomness in its game.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.
When Will My DeFi Pet Trading Begin?
My DeFi Pet was launched on May 14, 2021, on Pancakeswap.
Where Can You Buy My DeFi Pet (DPET)?
DPET is available on PancakeSwap, Gate.io and Kucoin. If you want to learn more about how to start buying cryptocurrencies, you can read more here in our guide.
As the game has grown in popularity, DPET to PHP price has increased dramatically in the Philippines.
DPET was first tradable on 10th May, 2021. It has a total supply of 100,000,000. As of right now DPET has a market capitalization of USD $12,355,566.53. The current price of DPET is $0.124 and is ranked 1319 on Coinmarketcap and has recently surged 29.31 percent at the time of writing.
DPET has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy DPET.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy ETH with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer ETH to an Altcoin Exchange
- Gate.io
But we are not done yet, since DPET is an altcoin we need to transfer our ETH to an exchange that DPET can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit ETH to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'ETH address', this is a unique public address of your ETH wallet at Gate.io and you can receive ETH by giving this address to the person to send you the funds. Since we are now transferring our previously bought ETH on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on ETH on the "From" field, choose the amount you wan to send and on the "To" field choose ETH under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Ethereum network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your ETH has arrived. And you are now finally ready to purchase DPET!
Step 5: Trade DPET
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "ETH" is selected as we are trading ETH to altcoin pair. Click on it and type in "DPET", you should see DPET/ETH, select that pair and you should see a price chart of DPET/ETH in the middle of the page.
Below there is a box with a green button that says "Buy DPET", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your ETH deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy DPET". Voila! You have finally bought DPET!
Last Step: Store DPET securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your DPET for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy DPET with cash?
There is no direct way to buy DPET with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy DPET in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy DPET or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on My DeFi Pet's fundamentals and current price here.