KOI Network: Unlock the Next-Gen GameFi Metaverse Economies
LPI DAO is excited to announce our latest partnership with Koi Metaverse! A DeFi suite project bringing great innovation and use cases to blockchain and GameFi. Koi Network aims at fully releasing the liquidity of each GameFi Asset through a comprehensive Marketplace that is highly scalable, multi-chain, and integrated with DeFi Services, so as to further promote the development of the Metaverse and provide more value to blockchain enthusiasts.
LPI DAO will be working with Koi Metaverse to increase their reach into various market sectors including and not limited to Turkey, China, Russia, India & Indonesia. While offering the Koi Metaverse team access to a host of Influencers, KOL’s, Launchpads, CEX platforms pre and post launch services and many other industry connections.
WHAT IS KOI METAVERSE?
Koi Metaverse (Koiverse) is a Fish Farming blockchain game that combines token economy and NFT assets. It consists of a series of smart contracts, and all of the in-game assets belong to its players. Players can mine more SHELL tokens by collecting high mining power fish and grow them by spending SHELL, creating a positive self-circulation.
If pure-bred mining fish is reproduced, you can lock it into the pictorial book to mine KOI, the governance token, and use it to participate in the other DeFi activities. Koiverse creates a variety of NFT assets in the form of fish images and aims to become the BearBrick in the blockchain GameFi space.
Background
In May this year, one of the biggest events in the crypto and blockchain world, Consensus 2021, debuted “Long the Metaverse”. It goes without saying that we are the true believers and builders of the Metaverse, and are passionate about unlocking the Next-Gen GameFi Metaverse Economies.
In the Metaverse, we have seen the following core disruptive innovations:
- Blockchain has led to the property rights revolution. With the help of blockchain technology, we can build a world in which contracts are embedded in digital code and stored in transparent, shared databases, and where they are protected from deletion, tampering, and revision. Everyone will have complete and provable ownership of their properties recorded on the blockchain, without having to worry about fraud or security threats.
2. Non-Fungible Tokens (NFTs) have changed the scope and the rules of games. Since Andre Cronje, founder of Yearn.finance, emphasized GameFi in early September, a huge range of games has come to the fore, represented by Axie Infinity. NFT’s have enabled these games to support a wide variety of rules, which has improved the gameplay experience and created a huge user base.
3. Cryptos have bred brand-new business models. Cryptocurrencies have helped unlock new types of in-game business models, such as the concept of “Play-to-Earn”. This has created a new range of jobs in digital Metaverse economics.
İntroduction
Koi Network is a next-generation network for issuing, trading, and liquifying GameFi NFTs from different chains, like Ethereum, BSC, and so on. Koi is aimed at building a Metaverse dedicated to: GameFi NFT assets:
- Marketplace. This marketplace will be the first specialized trading platform for GameFi NFT assets of different standards and chains, including ERC-721, ERC-1155, BEP-721, BEP1155, etc.
- NFT DeFi. Any GameFi NFT could be used as collateral on the Koi platform to borrow ETH or USDT to gain liquidity. GameFi NFT owners would also be able to lend their assets. to borrowers and earn interest on their assets. Koi will design the first GameFi NFT trading market index product that will be used as an important indicator to show the degree of prosperity.
- Sidechain. It is an Ethereum-based sidechain that will provide users with a host of features. such as instant trade confirmation, massive scalability, and gas-less trades without compromising user custody. Our goal is to make minting and trading Ethereum or BSC-based NFTs much easier and cheaper. Gateway. Koi will develop a cross-chain gateway to the community so that they will be able to transfer NFT assets between Koi Sidechain and other chains like Ethereum, Binance Smart Chain, and so on.
- Toolkit. By leveraging Koi Sidechain and GameFi development toolkit, GameFi designers will be able to easily develop and deploy the games on Koi Sidechain with a shorter period and lower cost, to deliver a fast and user-friendly gaming UI/UX.
GameFi Hub. It will lead to the creation of a Koi GameFi Hub for all GameFi lovers. This will include a launchpad that will empower promising blockchain games to raise funds, build their application, and grow their ecosystem. All community members will be able to share the revenue from the GameFi Hub.
KOI Token
The KOI token is the ERC-20 & BEP-20 utility token of the platform. The use cases of the KOI token are:
- Governance: KOI token holders will be able to stake their tokens and participate in governance voting.
- Staking: Players will be able to stake their KOI tokens into the Community Treasury to participate in the governance of the Koi Network and share the generated revenue.
- Payment: Players will be able to use the KOI token to play games and conduct payments for using the Koi GameFi Metaverse, including the marketplace, auction, DeFi hubs like lending services and index products, and the NFT asset renting services.
Useful Links
https://koi.io/
https://t.me/KoiMetaverse
https://twitter.com/KoiMetaverse
https://discord.gg/koi
