KDOE Brings Blockchain Gaming to New Heights in 2023
2021 was an important year for innovation in the cryptocurrency and blockchain industry. While most digital assets welcomed parabolic price growth, other parts of the industry such as DeFi and NFTs became household names. Another sector that developed in terms of popularity is blockchain gaming.
Unfortunately, 2022 was a huge setback from an expansion perspective. In an ever-deepening ‘crypto winter’, NFTs became irrelevant and trading volumes reached new lows. However, blockchain gaming has continued to weather the storm and according to a recent analysis, the valuation of the blockchain gaming market is expected to increase from $4.6 billion in 2022 to $65.7 billion in 2027 at a compound annual growth rate (CAGR) of 70% . Now, in line with this demand, Kudoe plans to bring 2021’s level of excitement and engagement in the blockchain gaming sector to 2023.
What is Kudoe?
Kudoe is a blockchain technology company that will be based on the Ethereum network, and it will use Web3 technology to reinvent an immersive and engaging game-based decentralized ecosystem. Using blockchain, the company is eager to outline transparency and entertainment side by side. Users will be able to enjoy a pure gaming experience while gaining ownership of their digital assets. The organization will bring a collective of all the successful ventures of 2021 i.e. NFTs, games and the unique identity of a metaverse under the same umbrella.
Kudoe is registered in the United Arab Emirates as an official organization. The UAE’s highly supportive and business-friendly environment will be key for Kudoe to explore strategies and inculcate organic growth for the company. With the independence of decentralized management, users in the Kudoe ecosystem will play an important role in the company’s growth as well as in the blockchain gaming world.
The launch of the KDOE token took place on January 18, 2023, and the KDOE token is available on the Uniswap exchange. Uniswap Liquidity injection for the ETH/KDOE pool was also conducted, with token airdrops for all holders until January 18th. Moreover, KDOE is also available on centralized exchanges such as Poloniex, MEXC, Gate, LBank and HotBit.
KDOE Token and Tokenomics
The central part of the project, the KDOE token, will be an important part of the blockchain. The token is an ERC-20 tool that will be used as a base currency for transactions in various games and decentralized applications. It will also be used for the governance protocol (DAO). Since the KDOE token is versatile, the main goal is to integrate both cryptoassets and NFTs using KDOE and the Doge of Elon NFT collection. Whitepaper mentioned,
“This allows us to create a connected ecosystem that leverages the strengths of both types of digital assets, providing a more robust and engaging experience for our token holders.”
KDOE tokenomics is unique and varies between NFT holders and non-NFT holders in the ecosystem. There is a DEX transaction fee on all buy and sell transactions processed through the DeFi exchanges i.e. Uniswap. The tax distribution between NFT holders and non-holders is illustrated in the table below.
In addition, token allocation is also explained which is spread in the following categories:
i) Airdrop: 17%
ii) Stake: 15%
ii) Gambling: 14%
iv) CEX/Liquidity: 29%
v) Development: 10%
vi) Marketing: 10%
vii) Team: 5%
Cross necklace and extension
One of the main goals of the KDOE project is to continue to implement consistent community growth. The idea of limitation is not on the books, and after launching on the Ethereum network, the protocol plans integration with other layer-1 blockchains.
According to KDOE, the project plans to start with the Binance Smart Chain next, as it will allow increased scalability and performance, leading to better adoption and development of the ecosystem. Allowing cross-chain bridges will be crucial as it will allow easier token exchange between multiple blockchains. Accordingly, the treasury will provide liquidity to maintain the efficiency of such bridges.
Kudoe games and products
The company’s primary focus is to develop decentralized gaming, which will allow users to enjoy an engaging experience with the added financial benefit. With independent ownership of NFTs, Kudoe wants to develop a blockchain that is a unique mechanism and will provide exclusivity and participation, adding real-time value to these players. That said, here are some of the games currently in the works and projects that will elevate the functionality of the blockchain.
- DOE Rangers:
It is a retro game that includes the Genesis Dogs of Elon NFT collection. The main goal of the game is for players to navigate their NFT dog character through a hostile alien invasion on Musk’s colonized Mars. The game uses a Play-to-Win tokenomic structure that rewards skilled players with KDOE prizes through tournament participation. - DOE of the tape:
This is an interesting and unique immersive single-player Sandbox RPG adventure where players complete a set of objectives and search for the Dogefather. After completing the game, players will have the opportunity to visit the virtual Kudoe Labs team or view the Doges of Elon NFT gallery in DOE Park. - Kudoe Wallet:
The wallet is one of the most important parts of the ecosystem as it will be crucial for every player. It is a decentralized self-deposit wallet that hosts Kudoe’s decentralized applications and tools. Over time, the blockchain plans to partner with fiat on-ramp solutions to make KDOE, NFTs and the ecosystem more accessible to new users. - Kudoe NFT Marketplace:
The holy grail of all things NFTs, this marketplace will allow users to browse and purchase Doges of Elon NFTs for a slightly lower fee. The marketplace will host the Genesis NFT collection, collaborative collections, collectibles and more. The NFTs can be purchased using KDOE, ETH and other assets to be announced.
For more information, please visit the official website.
Twitter: https://twitter.com/KudoeOfficial
Medium: https://kudoe.medium.com/
Telegram:
Disclaimer: This is a sponsored post
