Weekly Update 12/13–12/19
This week, KAKA has launched the House of Alchemy, introduced the upcoming DAO Fund, revealed two more mystery tokens, and more.
Part One: House of Alchemy has Launched
The House of Alchemy is a new era for $KAKA tokens, and it brings token holders a fun experience while Burn & Mint. Users can mint particular types of NFTs by burning different amounts of $KAKA tokens.
There are three FOMO prize pools in the alchemy contract of each golden, silver, and copper NFTs. At the end of the countdown, whoever minted the last NFT can receive the $KAKA in the bonus pool. Three types of NFTs can support transfers and transactions and be listed on secondary NFT exchanges. Before the end of the countdown at the alchemy house, holders of these golden, silver, and copper NFTs can receive a dividend of $KAKA consumed by subsequent people who mint these NFTs. KAKA will reveal more mysterious functions in the future.
By December 19th, within five days, holders from the House of Alchemy had earned up to 152% return on average. Also, the updated prize pools are as follows:
Gold: 62,000 $KAKA
Silver: 16,000 $KAKA
Copper: 8,400 $KAKA
Part Two: KAKA Introduces DAO Fund Which Will be Launch Soon
KAKA DAO’s foundation is a fund pool under DAO contract management used for investments and governance. DAO Fun is a breakthrough in KAKA’s exploration to expand utility for its platform token.
DAO Fund Benefits
1. Decentralization: Users can participate in a trustless system, which lowers the risk of systemic failure.
2. Transparency: KAKA DAO Fund provides users with a clear set of rules and regulations. DAO Fund members can see how everything works, and every transaction and decision happens on the blockchain.
3. Dividends: The DAO Fund’s investment return will be returned to the KAKA DAO community. After the investment return is received, the withdrawal allocations will be generated based on the NFT weight held by all users.
Part Three: Partnership with CryptoArt.AI and Acknoledger on Christmas Event
Santa KA-Laus is Coming to Town is a great event that KAKA officials prepared for all KAKArians to celebrate the incoming of Christmas. As Christmas is around the Corner, KAKA has collaborated with CryptoArt.AI and Acknoledger this week to bring more benefits to the lottery prize. There is a special giveaway event on Twitter to celebrate the partnership. Check KAKA’ Official Twitter account.
The upgraded prize pool now includes:
There is still time left for you to stake.
Part Four: KAKA Rabbit Classic Series Limited Release
KAKA has released 10 KAKA Rabbit NFTs Classic Series with the issue price of 399 BUSD on the Binance NFT marketplace on December 15th, 2021. The NFTs are sold out shortly and soon see the list price on the secondary marketplace, as high as 8825 BUSD.
Part Five: Governance Vault Update
KAKA launched the Governance Vault on December 3rd, and the vault has reached 350K staked $KAKA within two weeks.
About Governance Vault
Governance Vault is a full-new feature that KAKA has launched since $KAKA is listed. You can consider it as KAKA savings. Holders can stake a minimum of 10 $KAKA into the KAKA Governance Vault. The KAKA platform will issue daily interest to the holders who have staked their $KAKA in the lock-up governance according to the lock-up period and deposition amount. The highest annualized rate of return can reach 100%.
Part Six: The Second Round of Metaverse Key Upgrading has been completed
This week, the second round of Metaverse Key Upgrading has been completed. KAKA Official released 10 KAKA Rabbits for KAKA Metaverse Key holders to upgrade their keys and unlock more privileges. There are limited KAKA Rabbits for every Metaverse Key Upgrading, first come, first serve.
About KAKA NFT World
KAKA NFT WORLD 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).