Over the past few months, the popularity of NFTs and their adoption by some of the wealthiest investors have fascinated both financial and mass media. DeFi, on the other hand, has expanded fivefold since the beginning of the year, thus beginning to act as a bridge between blockchain and conventional finance.
People are beginning to speak more about these two cryptocurrency phenomena, much as they did during the early days of the internet.
However, DeFi and NFT worlds are separate. Their unprecedented growth comes from their individual popularity which makes one wonder about the potential of their synergy. This is where KoKoSwap takes the center stage.
What is KoKoSwap about?
In technical terms, KokoSwap is a decentralized platform that provides exciting features of NFT trades, and facilitates modern financial activities such as staking and swapping.
While introducing key features such as NFTs, staking, & arcade gaming, and exchange, it allows users to invest, trade, earn and win at the same place, the KokoSwap platform.
In layman’s terms, KoKoSwap allows users to diversify their portfolios while earning a high yield in a fun and sustainable manner. The ecosystem is gamified in such a way that mundane activities like trading become enjoyable and exciting.
Even the feel-good website interface sets the tone for its combination of entertainment and financing features.
That leads to a fundamental question:
How Does KoKoSwap’s Ecosystem Work?
KoKoSwap aims to provide an easy-to-use and trustless ecosystem that is run by its native token, KOKO.
KOKO feeds two gorillas with one banana.
While it acts as a utility coupon to perform any type of financial activity on the KoKoSwap platform such as KoKoSwap, KoKoAvatar, KoKoStake, and many more, it also acts as a governance token.
Acting as a governance token ensures that the platform delivers an authentically decentralized experience to its users. It allows certain users to participate in the critical decision-making of the platform, thereby making it a publicly owned and governed platform.
To deal with the hype in the cryptocurrency world with entertainment, KoKoSwap divides its immersive ecosystem into key features of the platform.
Features of the KoKoSwap Ecosystem
KoKoStake – KokoStake allows users to stake Ether or KOKO tokens to earn high annual interest and generate good passive income. The minimum staking period is one year, and the staking program lasts two years.
KoKoAvatar – KoKoAvatar is an NFT platform that focuses on gaming NFTs through MMORPG games. It makes use of popular gaming accessories such as skins and other limited edition merchandise. It further allows users to represent these merchandise as rare collectibles.
KoKoArcade – KokoArcade will work in tandem with KokoAvatar and this combination will result in an exciting MMORPG platform for all gaming enthusiasts. To create an interactive crypto gaming experience, KoKoSwap developers upload fun and decentralized games.
In the cryptocurrency world, each token is subjected to a variety of economic forces. It’s critical to consider each token’s inherent utility to ensure that it’s valued correctly.
KoKoSwap’s Tokenomics gives a brief about the total supply of the KOKO coins, i.e., 330 million, and explains how these coins are divided for various functions of the platform such as staking, community growth, IDO, and many more.
KokoSwap partners with TKNights and Coca Cola Arena to launch the must-see event of the year, Social Knockout. The event will take place on 30th July, 2021, and tickets will be purchased using KOKO tokens. The event is sponsored by Dubai Sports Council, Influence, Lovin Dubai, MTK, and BTB Promotions.
DeFi and NFTs will without a doubt be serious candidates for the spotlight in 2021, if they are not already. The key features of these two trends have been implemented into KoKoSwap’s platform. It has also covered critical aspects to go Bananas over KOKO with the given transparency and robust governance structure.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.