Nakamoto’s Fishpond — A Launchpad associated with the KAKA Ecosystem
Introduction to NAKAMOTO’s FISHPOND platform
This is a blockchain game that uses NFT to realize the binding of in-game items.
The team focuses on the GameFi sector, through the construction of a large-scale fishpond on the chain based on the concept of metaverse. Initially, there will be only 5,000 metaverse fish ponds with each fishpond individually contracted to players.
After each game player purchases part of the fishpond, he can obtain the NFT file representing the range and location of his fishpond.
By identifying this NFT file, the contractor of the fishpond can regularly collect the income from the fishpond operation, and of course, they can also resell and auction these NFTs through the secondary trading market.
More players can catch the NFTs of various fishes in fishpond in-game by paying fees and then sell them back through the interactive contracts of the fishpond to obtain revenue.
KAKA Metaverse — Nakamoto’s Fishpond collaboration
Nakamoto’s Fishpond and KAKA Metaverse have reached a strategic cooperation to build an IDO platform focused on blockchain gaming projects.
It will be the first platform in the world to use NFT verification as a whitelist authenticator, and the first to introduce an insurance mechanism, in fact, if the price falls below IDO levels users will be reimbursed for their losses.
How to participate in the IDO project on Nakamoto’s fishpond IDO platform?
1. The user’s wallet needs to hold the Privileged NFT of Nakamoto’s Fishpond or a KAKA Monster series NFT (in the future staking $KAKA to obtain qualification will be introduced)
2. Connect the user’s wallet to Nakamoto’s Fishpond IDO platform to check the available personal subscription amount
3. Select the project IDO you want to participate in. Confirm and pay the subscription amount with BUSD or USDT (TBD)
4. After the project IDO is over, wait for the subscribed project tokens to arrive in your account
Subscription Method
Each user has an initial subscription limit of 100$, and each time users participate in a project IDO subscription, the maximum amount will be increased by 100$.
The subscription allocation cannot be shared among multiple project IDOs in progress at the same time, and the user’s subscription allocation will be returned to unlock and increase after the participating project IDO ends.
For example: a user has a subscription allocation of up to 100$, in two concurrent projects A and B that conduct IDO, he subscribes 80$ in project A and can only subscribe at most 20$ in project B.
The user’s subscription allocation will be limited to A and B.
After the projects IDO ends, it will be increased to 200$ that can be subscribed.
What is the compensation mechanism of Nakamoto’s Fishpond IDO value drop insurance?
After users participate in the project subscription on Nakamoto’s Fishpond IDO platform, if the project’s value drops below IDO levels within 10 days, they will receive compensation from the platform’s funds.
The platform will introduce longer insurance effective mechanisms in the future.
The source of funds for Nakamoto’s fishpond IDO platform value drop insurance compensation mainly comes from the capital pool of the DAO management fund of the collaboration institution.
With the addition of more strategic collaboration institutions, this capital pool will become larger and larger.
Why do I put money into Nakamoto’s fishpond IDO platform’s value drop insurance, what is the benefit to me?
Each project that goes online with IDO needs to pay relevant application fees and service fees according to the platform’s online requirements.
If the project value does not drop below IDO levels within 10 days after it goes online, this part of the income will be distributed to the underwritten users in the form of digital asset packages.
Tokens including BNB and IDO activities, the ratio is 50% respectively (if the price of the tokens issued by IDO rises significantly, this part of the income will also rise on the currency standard).
How to participate in the underwriting and value drop insurance mechanism of Nakamoto’s fishpond IDO platform?
Since KAKA strategically invested in Nakamoto’s IDO platform, and invested 500,000 $KAKA as the initial underwriting fund, according to the contract, in the next 1 year, the platform’s underwriting funds will only support $KAKA.
After 1 year, the platform will start supporting other assets for underwriting. Users can currently use $KAKA to participate in the underwriting and breaking compensation mechanism of Nakamoto’s Fishpond IDO platform.
ABOUT Nakamoto’s Fishpond
Nakamoto’s Fishpond- Based on the essence of free exploration games: fishing, combined with metaverse + NFT + GameFi technology.
This is a blockchain game that uses NFT to realize the binding of in game items. Our team focus on the gamefi sector, through the construction of a large-scale fishpond on the chain based on the concept of metaverse. Initially, there will be only 5,000 metaverse fishponds with each fishpond individually contracted to players. After each game player purchases part of the fishpond, he can obtain the NFT file representing the range and location of his fishpond. By identifying this NFT file, the contractor of the fishpond can regularly collect the income from the fishpond operation, and of course, they can also resell and auction these NFTs through the secondary trading market. More players can catch the NFTs of various fishes in fishponds in game by paying fees, and then sell them back through the interactive contracts of the fishpond to obtain revenue.
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Video Description | Chinese Video
A preview of the upcoming new official website
About KAKA Metaverse
KAKA Metaverse is a competitive gaming ecosystem platform focusing on the metaverse blockchain gaming sector. It is committed to combining the application of NFT+DEFI in the ecosystem, constructing a cross-chain bridge based on the concept of global decentralization, integrating various IPs of global brands, and creating Decentralized Autonomous Management (DAO). It aims to create a prediction agreement perpendicular to the e-sports prediction market, and an open, transparent, decentralized, and complete project for the ecosystem. The main sectors are divided into the two following categories: providing services such as R&D, sales, trading, circulation, e-sports, and trendy games for game and art NFTs; focusing on the prediction market in the field of e-sports (Prediction Market).
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