Malta, 5th May, 2021. Respectively, DeFi (decentralized finance) and NFTs (non-fungible tokens) have undergone unprecedented growth over the past few months. Since the start of this year, DeFi has already grown over 5 times in terms of total value locked from $15 billion in January, to approximately $77 billion by May, 2021. The NFT space on the other hand has undergone a 25x increase in trading volume from January 2021, to date.
With these adaptations in the industry leading to a global mass adoption of the DeFi and crypto space, KoKoSwap brings a one-stop solution for anyone enthusiastic about DeFi gaming and the NFT space. In essence, it provides a decentralized platform for the users to fulfill their NFT-related demands through trades and games while experiencing modern financial activities such as staking and swapping.
The KoKoSwap ecosystem is an inclusive economy solution, run by its native token, KOKO. The KOKO token is a utility token that can be used with features provided on the platform. KOKO also acts as a governance token. To make the platform truly decentralized, KoKoSwap allows certain token holders to participate by voting in the key decisions of the platform.
Features of KoKo in the ecosystem include the following:
- KoKoAvatar, the NFT platform is based on one of the most sustainable cases of NFTs, role-playing games, that will tokenize the in-game assets of the MMORPG game. Including approximately 5000 accessories in the game, skins, and limited-edition merchandise, that can be represented as rare collectibles.
- KoKoStake, the staking platform, allowing users to stake Ether or KOKO tokens and earn significant APY. KoKo requires a minimum of 1 year for staking, and the program will run for 2 years.
- KoKoArcade, the decentralized NFT gaming marketplace which acts as the most ideal meeting ground for gamers and developers on a distributed network.
- KoKoFantasy, a fantasy league platform facilitating fantasy sports.
KoKoSwap is an ecosystem that aims to synergize the DeFi and NFT spaces. With the inclusion of games, rare in-game NFTs, and staking capabilities, KoKoSwap provides a comprehensive ecosystem for the modern user to leverage the core features of DeFi and NFTs, experiencing higher yields in an entertaining and interactive way.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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