Xiaomi could be testing CryptoBunnies
Games like CryptoKitties rely on one key feature of blockchain: Scarcity. There are a limited number of pets -- each with a different appearance -- giving them a certain value. And none of the pets can be replicated or destroyed, which means ownership is secure.
A leaked screenshot of an alleged user agreement circulating among Chinese media shows that Xiaomi’s version is called Jiamitu, which translates to CryptoBunnies. No surprise here, since the gadget maker’s mascot is a white rabbit.
There’s no official announcement from Xiaomi yet, and the reported page jiamitu.mi.com displays a “403 Forbidden” message. But any eventual product will likely have one key difference from CryptoKitties: It won’t be based on an established cryptocurrency.
CryptoKitties are traded in ether, while Baidu has stressed that the points you earn in its game can only be used to trade virtual dogs, and nothing else.
The Chinese government has been clamping down on digital currency trading. Xiaomi’s leaked document shows its CryptoBunnies might be traded in digital points called “rice grains” -- apparently a reference to Xiaomi’s Chinese name, which means “little rice”.