KokoSwap is a platform created on the Ethereum blockchain by a company with the same name from Malaysia. It combines NFT space and blockchain gaming with decentralized finance and staking. It allows users to invest, trade, earn, stake, and play games in one place. The company aims to be totally decentralized, transparent, and reliable with shared community ownership, scalability, and a secure governance mechanism. The platform’s key features include NFTs, exchange, staking, and arcade gaming.
The entire KokoSwap ecosystem is fueled by its native KokoSwap token (KOKO). It is an Ethereum-based utility token used to perform any type of financial activity on the platform. The maximum supply of the KOKO coins is 330 million. They are allocated in the following way: 15% is left to the team and advisors, 10% was intended for a strategic sale, 15% was saved for IDO, 18% went to launchpads, 24% is left for staking, 8% is spent on community growth and partnerships, 10% is spent on ecosystem development and expansion.
The earliest trading data for KokoSwap refers to May 2021. KokoSwap is listed on 2 exchanges: Uniswap V2 providing the biggest portion of its volume and Uniswap V3 trading only 1% of KOKO. Uniswap V2 maintains a large pool of KOKO liquidity paired with Ethereum. You can buy KOKO with a card or via a bank transfer with the help of the Ramp network integrated into the KokoSwap platform, where one buys Ethereum and then uses it to buy KOKO.
The team strives to make the platform completely decentralized. Therefore, it allows token holders to participate in making important decisions on the platform which can be performed with the help of KOKO. Thus, the KokoSwap token also acts as a governance token. Its use cases include staking, earning profits, voting, rewarding, community growth, IDO, and more. In addition, corporate clients can use KokoSwap to purchase a sponsorship for upcoming events.
KOKO tokens can be utilized outside of the KokoSwap network as well. The Social Knockout event took place on July 30, 2021, at the Coca-Cola Arena in Dubai. It was the first combat event in the world powered by KokoSwap and based entirely on cryptocurrency transactions. Tickets could be purchased only with KOKO. Moreover, the token was used for all purchases at the event, including photos that are planned to be auctioned as non-fungible tokens.
KokoSwap ecosystem provides its members with a number of valuable features, the most significant of which are staking, NFTs, exchange, fantasy, and arcade gaming. The KOKO token is used across the whole ecosystem for all the products including KokoSwap, KokoStake, KokoAvatar, KokoArcade, and KokoFantasy. KokoSwap allows exchanging ETH for KOKO tokens using the Uniswap application.
KokoStake is the platform allowing users to earn annual interest and generate passive income by investing and staking Ether and KOKO tokens. The minimum staking period is one year, and the entire staking program lasts for two years. Program participants can harvest KOKO tokens for one month after placing a stake. They can earn 0.3% of all ETH/KOKO trades depending on their share.
KokoAvatar provides a new way for artists to reach their audience. Thanks to social media, fans can constantly follow the activities of their favorite stars, but they cannot interact with them. KokoSwap increases fan engagement providing the platform for NFT trading. KokoAvatar NFT platform is suitable for celebrities from all across the world who can create beneficial digital assets to post in a trusted environment. It is a good opportunity for them to elevate their brand. KokoAvatar is available only for users who get an invitation which gives them the ability to bid on their favorite celebrity`s digital assets.
KokoAvatar aims to add NFT experience to MMORPG games so it is planned to serve as a unique identification of users. They will be able to create their own gorilla characters and mint special NFT badges, which will be based on the real Koko gorilla from The Gorilla Foundation in California who can communicate with humans via gorilla sign language. 1000 badges will be minted to represent the signs that Koko learned. After that gorillas will be able to trade thousands of accessories and limited edition items minted as NFTs.
KokoArcade is a decentralized gaming platform working in tandem with KokoAvatar and enabling game developers to upload their games. The KokoSwap team aims to establish an MMORPG platform giving all gaming lovers the opportunity to compete with anyone in the world playing pool, tennis, football, cricket, etc. Players can earn XP points for completing quests and accomplishing missions. For each level up they will receive KOKO tokens. Developers will be rewarded with 4% of the KOKO tokens used during the game.
KokoFantasy is a decentralized fantasy league platform facilitating fantasy sports, such as football, cricket, basketball, and American football. All KOKO token holders will be able to vote on the performance of the players and receive rewards based on it.
KokoSwap team and partners
There is no information about the KokoSwap team on the web. It is only known that Shaun Sullivan is the KokoSwap founder.
The company has already established partnerships with several news portals such as LitecoinNews, Zephyrnet, CoinFutureZone, Maxbit, and Crypto Daily. Cryptobank Chatex listed KokoSwap token. KokoSwap also acts as an advertising company that hosts sports events. It teamed up with TKNights and Coca-Cola Arena for the Social Knockout event.