Review Kyoko ($KYOKO) – The DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players

April 2, 2022 - Around 5 mins mins to read

Kyoko, the DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players, plans to raise funds by distributing NFTs for allocations to the community. A more decentralized and community-driven solution is now available through Solv Marketplace

What is Kyoko?

Kyoko offers a one-stop platform that provides liquidity to the Web3 and GameFi industries. Through its DAO-to-DAO lending, Kyoko provides DAOs and Guilds with the liquidity they require to maintain operations while also allowing them to stake their onhand resources as collateral for larger credit loans. It also bridges high-potential DAOs and Guilds with the industry connections and resources they need to grow.

Meanwhile, Kyoko’s P2P NFT lending platform and cross-chain asset lending market bring liquidity to the traditionally illiquid NFT market and lower the cost of entry into popular P2E titles by bridging gaming blockchains through a single marketplace for Guilds, investors, and players to bring their game to the next level.

First, there was Bitcoin; then there was Ethereum. DeFi came next and NFTs followed. Now, it’s the era of GameFi – the culmination of all that came before it. Amid all the challenges that still remain to be solved in this emerging market, Kyoko will be here – keeping play-to-earn accessible and profitable to all.

Outstanding Features

What is the project trying to achieve?

What Is DAO to DAO Loans of Kyoko token

The project finances the future of Web3 development through its DAO-to-DAO loans.

The project offers two types of DAO-to-DAO loans: credit loans and collateralized loans. DAOs and guilds will be eligible to apply for Kyoko’s credit whitelist to obtain liquidity. If they want a higher amount of money, whitelisted organizations can also lock ERC-20 tokens, $KYOKO tokens, or NFTs into the project Vault as collateral for higher credit lines.

It has intimate partnerships with top DAO/guild data aggregator platforms. This data informs it is evaluation and risk models that assess the creditworthiness of the DAO/guilds applying for loans.

Credit loans will be drawn from a liquidity pool, and liquidity providers will earn interest income from borrowers’ interest payments, while also mining KYOKO tokens. Liquidity providers can obtain attractive interest rates via the project DAO-to-DAO liquidity pool when they deposit USDT in return for interest income and $KYOKO tokens. Liquidity providers may also be eligible for early investment opportunities and airdrops from high-potential emerging guilds.

Bringing liquidity to an illiquid NFT market

KYOKO’s P2P lending model is a protocol that aims to release liquidity for NFTs. Some users with NFTs on hand may have funding needs, and they can provide their NFTs as collateral to KYOKO’s P2P protocol in order to borrow funds.

The project P2P lending platform matches lenders and borrowers to release liquidity for NFTs. Users with NFTs on hand that have funding needs can provide their NFTs as collateral on the project P2P lending protocol to borrow funds.

The platform allows users to customize the loan amount, interest rate, and loan period. Once an agreement is reached, the project platform acts as the executor and issues a smart contract with the user-customized criteria.

what is the unique selling point?

It is a DAO-to-DAO credit provider, P2P NFT lending platform, and cross-chain GameFi NFT lending market for guilds and players.
The project brings credit to the blockchain and provides financial support for DAOs through the industry’s first DAO-to-DAO lending protocol.
The project solves the most pressing issues challenging the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains, through its innovative cross-chain asset lending platform.

Technical Data

Key Metircs

Token Name: Kyoko
Ticker: KYOKO
Blockchain: Ethereum
Token Standard: ERC-20
Contract: Updating…
Token type: Governance
Total Supply: 1,000,000,000 KYOKO
Circulating Supply: Updating…

Token allocation

Backers

Team/ Founders

Updating…

Partners

Verdict

The project’s main sources of income are its transaction fees and interest margins. It is the platform will charge 1% on the principal of each P2P loan per transaction and 5% interest on cross-chain asset lending transactions. The platform will also generate income off the interest margin of DAO-to-DAO loans in a similar way to AAVE’s business model. 100% of the projected income will be distributed to locked token holders. The specific use of these funds will be decided by voting from the project DAO. With the project’s cross-chain asset lending platform, guilds and players can monetize their unused in-game assets, while newcomers can play games and earn income more easily than what’s currently possible.

Find more information about Kyoko:

Website: https://www.kyoko.finance/

Twitter: https://twitter.com/kyokofinance

Telegram: https://t.me/kyokofinance

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.

Elise

Coincu Ventures

NFT