KAKI ecology launches 2.0 sailing, Kakier NFT may become an important revenue catalyst

Author: KAKI

Liquidity mining is a major factor in promoting the deep development of DeFi. By reshaping the relationship between users and DeFi protocols, it has built a new collaborative way to enhance the efficiency of DeFi protocols, allowing everyone to become beneficiaries and collaborators. The ultra-high returns brought by early liquidity mining generated FOMO and siphoning effects, accumulating a large amount of funds and users for DeFi.

Among the vast user base supporting DeFi, long-tail users account for a significant proportion and have made major contributions to the growth of DeFi. However, the profits generated by DeFi mainly flow to large capital users, especially on Ethereum, where interaction costs are high, further compressing the returns for long-tail users.

After the deep acceleration of DeFi in 2020 and 2021, it has become a behemoth. The current stage of DeFi has become the main infrastructure for investors to trade and obtain investment services, on this basis, GameFi has become a new "speculative" direction for investors. Similarly, after experiencing a "barbaric" growth period, long-tail users in GameFi face further difficulties in obtaining returns. For example, the floor prices of NFT assets in GameFi are rising, while the overall returns of GameFi are declining and input costs are soaring, which may further reduce the participation of long-tail users.

KAKI Ecosystem for Long-Tail Users

Although long-tail users are the main characters in the decentralized world, the vast majority of DeFi protocols have not realized this. The multi-chain DeFi ecosystem KAKI has positioned itself from the early stages to connect long-tail users with early protocols, and currently, KAKI is also focusing on long-tail users.

Recently, the South Korean drama "Squid Game," which explores human nature and games, has become a phenomenon on the internet. Besides provoking deep thoughts among a wide audience, the concepts and culture of "Squid Game" have begun to merge with many fields. KAKI has also introduced the concept and model of the "Glass Game" from the "Squid Game" series to build a GameFi characteristic options derivative application called Squid Game.

Version 1.0 of Squid Game is essentially a simplified options-based DeFi derivatives protocol. Of course, the game itself has been further gamified with GameFi elements, filled with competitiveness and choices. The "Glass Game" in the series refers to players needing to cross a glass bridge sequentially, where the bridge has two paths made of glass on the left and right, each path consisting of disconnected glass pieces. Each player must choose between the two pieces of glass ahead and jump onto them; if they choose tempered glass, they temporarily save their lives, but if they choose ordinary glass, the game ends.

KAKI's Squid Game uses the short-term price fluctuations of BNB as the main factor for players to make their next choices. In each game of Squid Game, players will make five bullish or bearish (Call/Put) choices. At the start, players will be given 16 character chips and will allocate these 16 chips; choosing the wrong chip will cause them to fall off the glass bridge, while choosing the correct chip will allow them to proceed to the next round. The final number of chips reaching the endpoint will share the prize pool.

Players need to purchase a ticket to participate in each round of Squid Game, with each ticket costing only 10 BUSD. After "spending" the ticket, this BUSD will also be added to the game's prize pool, and players who successfully complete the "challenge" will be able to share the prize pool. Squid Game gamifies the DeFi derivatives options, where decision-making and competition are the main factors. "Squid Game" emphasizes strategy, using different combinations and strategies, leading to highly variable outcomes.

Although Squid Game carries considerable risks, the game's financial threshold is relatively low and generally within players' acceptable ranges, thus providing opportunities for greater returns and further creating chances for long-tail users to obtain substantial profits. This model also aligns better with the investment habits of long-tail users.

After the launch of version 1.0 of Squid Game, it received high acclaim from the long-tail user group. Recently, KAKI has further developed the 2.0 ecosystem based on the original 1.0 ecosystem and introduced NFTs with catalytic effects into the ecosystem.

KAKI Ecosystem's 2.0 Voyage

The KAKI 2.0 ecosystem mainly includes two sections: lossless trading and Squid Game.

Squid Game 2.0

Building on version 1.0, Squid Game has introduced new gameplay, where every Friday a "Squid Jackpot Pool" will be launched, with potential maximum returns reaching 77 times. However, to participate in the enticing "Squid Jackpot Pool" game, players need to hold a Trident Ticket, which can be purchased in the trading market (at a high price) or obtained through synthesis (which may be more cost-effective).

The Trident Ticket is synthesized from three types of tickets, which need to be obtained from the "Squid Vending Machine." The three types of tickets are: Small Squid Ticket (80% chance of obtaining), Giant Squid Ticket (15% chance of obtaining), and Legendary Squid Ticket (5% chance of obtaining), with only 10 Legendary Squid Tickets produced daily, while the other two types have no daily production limit.

The success rates of synthesizing different tickets vary. The contribution rate for ordinary tickets is 5-15%, for great tickets it is 10-20%, and for epic tickets, it is 49%. This means your synthesis success rate is 64-84%, so users may face the possibility of synthesis failure when creating Trident Tickets. If users want to further increase the probability of synthesizing Trident Tickets, they can use Kakier NFTs as "catalysts" to enhance the chances.

Kakier NFTs are functional NFTs within the KAKI ecosystem that can increase the synthesis probability of Trident Tickets by +2%, +3%, or +5%. When minting an NFT, one of these three attributes will be randomly generated. Each time a player synthesizes a Trident Ticket, they can use three Kakier NFTs for catalysis. If three +5% NFTs are used, the probability will increase by 15%, giving players up to a 99% chance of obtaining a Trident Ticket!

Lossless Trading 2.0

The KAKI ecosystem also allows players to "team up" to collectively earn profits. Players deposit principal, and all generated interest goes into the prize pool; this model is called lossless trading. In KAKI Lossless Trading 2.0, users can stake 2020 $KAKI to become captains and build their own "team spaceship." Alternatively, they can join a certain spaceship as a crew member (the number of crew members a high-level battleship can carry is limited, while ordinary spaceships can carry an unlimited number of crew members). Crew members and captains in the spaceship can contribute POWER by staking their principal (BUSD, BNB, KAKI-BNB LP, KAKI-BUSD LP, etc.). Captains can use POWER as chips (which crew members cannot trade) to participate in simple options trading, winning prizes, with APY potentially exceeding 3000%, and this portion of the profits will be shared among all spaceship members. All participating stakers will profit without loss, meaning the principal can be withdrawn without loss at any time while earning high returns. This portion of funds will also generate profits in other DeFi protocols. Typically, captains are professional traders with certain trading skills, while long-tail users can become "crew members," safely earning through lossless trading.

The amount of profit a spaceship earns mainly depends on how much "POWER" the captain can use for trading. The speed and quantity of POWER production depend not only on the total value of the principal staked by spaceship members but also on the time since the spaceship was established and Kakier NFTs, especially Kakier NFTs, which can significantly influence the speed and quantity of POWER production.

Kakier NFTs play two roles in this process: one is to increase the number of crew members the captain can carry, and the other is to enhance the production rate of POWER. Different Kakier NFTs provide varying contributions in these aspects. R, SR, and SSR level Kakier NFTs can increase the number of crew members by 2, 5, and 10, respectively. Additionally, R, SR, and SSR level Kakier NFTs include 10 different types and can provide mining bonuses ranging from 5% to 50%. Overall, the Kakier NFT bonus mechanism is quite complex. It is reported that captains holding KAKI NFTs can acquire POWER faster than ordinary captains without NFTs by 5-50%.

For lossless trading, holders of Kakier NFTs can also earn additional profits from liquidity providers. Liquidity providers can stake assets (BNB, BUSD, KAKI-BNB, KAKI-BUSD, etc.) in the KAKI liquidity pool to earn $KAKI (persimmon coin) rewards. They can settle at any time, but when withdrawing incentives, they will be hijacked by the captain and lose 50% of their $KAKI, with the lost $KAKI entering a dedicated prize pool to be shared by captains holding NFTs. Liquidity providers can also stake their $KAKI rewards for three months and release them linearly.

Overall, in the KAKI ecosystem, Kakier NFTs have become the main catalyst for enhancing returns, increasing the overall profits of captains and spaceship teams, allowing holders to access exclusive liquidity pool profits, improving the probability of synthesizing Trident Tickets, and serving as collateral for loans, thereby enhancing the utilization of NFTs. Of course, they can also be collected as NFT artworks. As an important catalyst within the ecosystem, Kakier NFTs create deep interconnections within the ecosystem and further enhance the participation of various roles.

Kakier NFTs Will Be Released on January 5

It is evident that Kakier NFTs are one of the important assets in the KAKI ecosystem, and the Kakier NFT assets will be released on January 5, 2022, at 10:00 AM (UTC). The total number of Kakier NFTs for sale will be 2020, categorized into three rarities based on mining speed bonuses and the number of crew members they can carry: R, SR, and SSR, with quantities of 1344, 502, and 174, respectively. This first sale will only feature 200 units. At that time, investors will purchase Kakier NFTs in a blind box format, with the attributes of the opened Kakier NFTs being randomly assigned.

As an important asset within the ecosystem, Kakier NFTs will also be tradable and rentable on the Treasureland market, allowing many Kakier NFT seekers to temporarily use them through rental, especially enabling many long-tail users to obtain high returns at lower costs.

Overall, the KAKI ecosystem can provide multi-layered returns for users at various levels, especially for long-tail users, who can not only obtain safe and stable returns through lossless trading but also earn higher returns through Squid Game under equal risks and strategies, allowing them to become main participants rather than being gradually marginalized. By gathering long-tail users, the KAKI ecosystem will also possess certain explosive growth potential, and its mechanisms are expected to serve as a reference for other DeFi ecosystems.