Review Koi ($KOI) – The next-gen Gamefi focus on Metaverse, a promising project for 2022

The Metaverse, a network of shared virtual spaces where players can interact with one another and with the in-game items through their digital avatars, is a booming concept today. Excellent GameFi projects are coming to the fore, giving birth to a new category of blockchain-based tokens known as Game NFT assets.

What is KOI?

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.

Koi NFT

Koi NFTs represent both unique digital collectibles on the ETH/BSC blockchain as well as players’ access to our blockchain games. Players can join the mining and staking program with these NFTs.

The Koi NFTs of Koi Metaverse. It represents both unique digital collectibles on the ETH blockchain as well as players’ access to our blockchain games.
The marine Life in Koiverse is made up of 14 genes. When some of them fall into a specific combination, a new suit will be introduced. A new suit not only gives your Koiverse fish a cooler look but also helps generate bonus mining power.

KOI NFTS GENESIS (KNG) COLLECTION
Koi NFTS Genesis is a limited NFT Collection of 5,000 Koi NFTS of Koi Metaverse. It represents both unique digital collectibles on the ETH/BSC blockchain as well as players’ access to our blockchain games.
KNG’s unique artworks are available at different rarity levels. One NFT is randomly assigned to a blockchain address with the following probabilities:

• Legendary – 5-gene-suit 2.6%
• Very Rare – 4-gene-suit: 5.8%
• Very Rare – 4(of 5)-gene-suit: 5.8%
• Rare – 3(of 5)-gene-suit: 11.4%
• Rare – 3(of 4)-gene-suit: 11.4%
• Common – others: 63.0%

Koi Metaverse

Koi Metaverse (Koiverse) initially is a Fish Farming blockchain game that combines token economy and NFT assets. It consists of a series of smart contracts and a variety of NFT assets in the form of virtual fish. All of the in-game assets belong to its players.

Koi Network

Koi Network is a next–generation infrastructure for issuing, trading, and liquifying GameFi NFTs from different chains like Ethereum, BSC, Polkadot, and so on. Koi is aimed at building a Metaverse dedicated to GameFi NFT assets.

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.

Outstanding Features

What is the project trying to achieve?

Koi aims to Unlock the Next-Gen GameFi Metaverse Economies by Building the Digital Collectibles Platform for Virtual GameFi NFTs.

The true believers and builders who have strong motivation to unlock the next-gen GameFi Metaverse economies. in Metaverse powered by Blockchain, koi have seen the following core disruptive innovations:

• Blockchain infrastructure leads to the metaverse revolution.
• non-Fungible Token (NFT) change the types and rules of games.
• Tokenization and crypto create a brand-new business models.

What is unique selling point?

Key Features of Koi Network

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, BEP-1155, etc.
NFT DeFi Koi will provide the lending and borrowing services for the GameFi NFT holders to provide liquidity for GameFi NFT assets. Besides, Koi will also provide the best GameFi index and asset management products for GameFi users.
Sidechain. It is an Ethereum-based Sidechain which gives users instant trade confirmation, massive scalability, and gas-less trades without compromising user custody. Our goal is to make minting and trading Ethereum or BSC NFTs easier.
Gateway. Koi will develop a cross-chain gateway to the community, so that they could transfer the NFT assets between Koi Sidechain and other chains like Ethereum and Binance Smart Chain, etc.
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 shorter period and lower cost, to deliver a fast and user-friendly gaming Ul/UX.
GameFi Hub. It will lead to the creation of a Koi GameFi Hub for all GameFi lovers. A launchpad for promising blockchain games to build, fundraise and grow. All the community members can share the revenue from the GameFi Hub.

Koi Gamefi Marketplace

Based on the research and work experience in the Marketplace, Koi will develop a comprehensive One-stop General Marketplace Solution open to all GameFi Developers. The system will greatly reduce the cost and time of Marketplace development so that it can focus on the development of the game.

• Browse NFTs Koi’s Marketplace supports the retrieval and viewing of all recorded NFT assets issued by different games.
• Search NFTs. A user can search a certain NFT by the Asset’s 10 or Address, but the latter can be done only when the token has an Asset Owner
• List NFTs An Asset Owner can sell his/her holding in the Koi Marketplace, select listed NFTs module(s), and list the token in the Marketplace
• Trade NFTs In an NFT transaction, the buyer has to pay the transaction requirements and the stipulated-price set by the Seller When the payment is completed, the traded NFT will be transferred from the Koi Escrow Contract to the Buyer’s address.
• Auction NFTs. In an NFT transaction, the Seller can choose to sell his/her GameFi Asset by a traditional fixed-price method or by auction.

KOI NFT LENDING SERVICE

• As an emerging Crypto Native asset supported firmly by its application values, the GameFi asset is extremely suitable to be used as collateral by its nature. To enhance asset liquidity, GameFi Asset Owner can borrow money by mortgaging their Assets not only through trading. Koi Lending Platform will act as an intermediary service platform and collect 10% of the interest fees charged by the Lender as commission.
• On the Koi Lending & Borrowing Platform, the loan-to-value ratio (LTV) is the key determinant of the liquidation mechanism. When the LTV of a loan on the Koi platform Is lower than the agreed value at a certain time, the GameFi assets trusted by the Borrower will be forcibly liquidated and transferred to the Lender to protect the Lender’s interests.

The LTV formula in the Koi lending platform is as follows:

KOI NFT RENTING SERVICE

To enhance liquidity, GameFi assets can also be leased through Koi’s Renting Services. Premium Game assets, such as the land and equipment in games like Axie Infinity and Sandbox, are scarce but profitable. Therefore, many Gamers are willing to rent the above assets from GameFi Assets Owners to make a profit. On the other hand, Assets Owners may refuse to sell out their possessions. As a result, a GameFi Assets Renting Market is the need of the hour.
Koi will provide Renting Services in the GameFi Assets DeFi Hub, where GameFi Asset Owners can rent out their assets through Koi in order to earn dividends during the leasing period. When GameFi Asset Renters do not want or cannot buy out the GameFi Assets they want, they can choose to borrow the temporary right to use the assets. Koi Network will charge 10% of the renting income from the Lender as a service commission.

 

Roadmap

Technical Data

Token Metrics

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Token Allocation

Token sale

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Token release Schedule

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Token Use Case

The KOI token is the ERC-20 utility token of the platform. The use cases of KOI tokens are:

• Governance: Koi token holders will be able to stake their tokens and participate in governance voting
• 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 management tool.
• Staking: PLayers will be able to stake their Koi token into the Community Treasury to be the governor of Koi Network and share the revenue

Market and Community

Market

Tamper-proof blockchain provides a way to trace the ownership of work, and this infrastructure leads to the metaverse revolution. With its P2E and T2E models, games like Axie Infinity will take over the market.

Compared with the above projects, Koi Network project focuses more on the issuance and circulation of GameFi assets: Koi Sidechain and Game Hub will help game developers issue game assets faster and at lower financial costs, while Koi Marketplace will enhance the liquidity For GameFi Assets. Meanwhile, Koi DeFi Hub will help GameFi Owners get access to better DeFi services.

Backers

Team

Investors

Koi Labs Secured $2.6 Million in Pre-A Funding Round to Unlock the Next-Generation GameFi and Metaverse Economy.
The fund raised will be used to explicitly kick-off and fuel the exponential growth of Koi Metaverse, whose mission is to unlock the next-generation GameFi and Metaverse economy.

Verdict

The Metaverse, a network of shared virtual places in which players can interact with one another and with in-game products via their digital avatars, is a heated topic right now. Excellent GameFi initiatives are emerging, spawning a new class of blockchain-based tokens known as Game NFT assets. With strong backers, an experienced team, and clean decisions making, koi could be the next big project to keep an eye on.

Find more information about

Website: https://www.koi.io/

Whitepaper: https://docsend.com/view/935tampqxsj58zck

Twitter: https://twitter.com/KoiMetaverse

Telegram: https://t.me/KoiMetaverse

Discord: https://discord.com/invite/koi

Medium: https://koimetaverse.medium.com/

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

VinceH

CoinCu Ventures