AMA Recap Crypto Library with KAKA

                                         

On 11th November 2021, KAKA conducted an AMA in the Crypto Library Community. Our guest is Kaka Chan. Lots of questions as usual from the Community about KAKA progress. The KAKA team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into KAKA.

Let’s take a look at the most interesting points of our conversation. 

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Kaka Chan (KAKA) : Hi everyone, nice to meet you all here. This is KAKA Chan. KAKA Chan is a series of quality talent idols released by KAKA NFT World. The platform will launch more talented female idols as development continues. This program will cover distinguished women in singing, dancing, painting, musical instruments, and various other talents. The name KAKA Chan originates from an endearing term for cute girls in the anime/manga culture. As the leading platform for games and anime IPs across the world, KAKA NFT also put resources into an IP brand of their own, KAKA Chan. Not only does KAKA NFT gather a large amount of quality IPs across the world, KAKA is also able to realize the platform’s strong brand incubation abilities as one of the most resourceful platforms with this opportunity.
FIRST SEGMENT (HOST)
Crypto Library Team : Could you share more info about  your project?

Kaka Chan (KAKA) : 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 licensed 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).

Crypto Library Team : We would like to ask about KAKA token. What role does this token play in KAKA's ecosystem, and what will investors benefit from holding this token?

Kaka Chan (KAKA) : The initial value capture of $KAKA platform token comes from the in-game card sales of the genesis game, “Troland”, which automatically distributes 20% of the NFTs selling into $KAKA platform token’s dividend pool through smart contracts, allowing for profit sharing with token holders.All the sales receipts of in-game items are used for the deflationary destruction of $KAKA tokens, that is, players need to use $KAKA tokens to purchase key items in game, and the $KAKA tokens that are paid will be directly destroyed. Its smart contract address will also be made public to ensure the game development team cannot impact the market price of $KAKA tokens through the mass production of game items. Through the rigid demand of in-game items, the circulation of $KAKA tokens is handed over to the market to complete the deflation process. $KAKA Holders can benefit as below:
  1. For holders with NFT licensed with IP, they can stake their IP NFT and mine for $KAKA.
  2. $KAKA holders have the right to vote for proposals through DAO.
  3. KAKA will do some airdrop events and reward the new users in terms of tokens.
  4. $KAKA token can be used to purchase gaming items, as service fee of gaming APIs and paid for minting, upgrading and fusing NFTs.
  5. $KAKA holders stake $KAKA into the pool and mine for $KAKA.
For the 59% mining that i mentioned above, it will be distributed to the following:
  1. 6.8% comes from mainstream token staking, which is to increase traffic to fund pools.
  2. 8.5% is from NFT Staking. Here, the NFT refers to licensed IP NFT issued by KAKA
  3. 25.4% is from liquidity mining that means you can stake KAKA/ USDT LP pair into the pool and earn $KAKA
  4. 59.3% is from play-to-earn games and airdrops. During game battling,you consume NFTs, and perform play-to-earn and gamefi.
Crypto Library Team : Community is very important for a project. When you are creating your project, do you consider feedback and demands from the community?

Kaka Chan (KAKA) : We do value our users' feedback and needs. That's why we have DAO:
  1. The requirement of proposing is to hold at least 50 NFT cards of the IP series released by KAKA.
  2. Another proposal cannot be created by the same wallet address if the previous proposal has not yet expired.
  3. If a proposal with inappropriate remarks is published, KAKA retains all rights to delete said proposal and / or restrict the publisher’s permission to propose.
  4. After a proposal is successfully published, KAKA will carefully evaluate the proposal before going through with it.
Voting rules:
  1. Users who have purchased KAKA IP series NFT cards can participate in voting. One IP series card represents one vote. The more IP cards, the more votes will be made.
  2. The IP series cards can reserve the required number of votes in different proposals, and can participate in the voting of different proposals.
  3. During the validity period of the proposal, users voted to reach 51% of the total number of IP series cards and the proposal passed.
  4. The total number of IP series cards does not include the number of cards that users have repurchased and the number of blind boxes of the IP series that have not been opened. These statistics are valid votes.
The DAO community has been launched officially since Spet. 29th and the first proposal was created on Oct. 2nd by a user whose address is 0xef0e556D0Ed228e41340E5eF567154AEa72Bc60b. Feel free check KAKA official website: https://kakanft.com/suggest. The first approcved proposal is by creator whose address 0x7fFafc85A09144891fF7c9215BD694dE476948a6. The proposal is applying for IP NFT Cards holder for staking mining to take place repurchase from Oct. 9th to 16th. The vote for Staking mining is more than 53%. The proposal was first evaluated by KAKA officials and has been approved. The details of Staking will be released by KAKA Official later as it is just added to our roadmap.

Crypto Library Team : Various NFT games are already in service in the market and will be released soon. Does KAKA have the strength to survive in this game market?

Kaka Chan (KAKA) : KAKA‘s game has the following advantages when compared to other competitors. 
  • Multi-chain Deployment:
KAKA has crypto assets deployed on multiple public chains such as ETH, BSC, OKEx Chain and Conflux Chain. This allows users from different chains to join the games.
  • Cross-chain Operability:
KAKA applied cross-chain technology for users to transfer their assets and play games between several public chains such as BSC and OKExchain.  It enables the liquidity of users’ assets.
  • Deflation Mechanism 
KAKA has a deflation mechanism where 20% NFT cards are burned through each round of the game. The supply of cards in circulation decreases along with the battles.Therefore each card value will increase.
  • Buyback System
KAKA has a repurchase pool. After purchasing KAKA’s Troland NFT cards, holders can perform buyback through KAKA official site at a price offered by the repurchase pool.

Crypto Library Team : What are the details of the KAKA token supply, project valuation, initial market cap, etc.?

Kaka Chan (KAKA) : Here's:
  • Ticker: KAKA
  • Blockchain Network: BSC
  • Total Supply: 100,000,000
  • Project Valuation: $15,000,000
  • Initial Token Circulation: 5,504,800
  • Initial Market cap:$825,720
  • Platform Raise: $145,000+$5,000 community round
  • Individual Allocation: $250
Participants can win multiple tickets, more information please check as follows: 
Crypto Library Team : KAKA looks bright enough to be on the Binance smart chain MVB top list. Can you tell me what kind of work KAKA will focus on in the future?

Kaka Chan (KAKA) :  On June 3rd, KAKA was listed on Binance Smart Chain MVB top list. KAKA has optimized the token’s economic model and market value management and KAKA will perform IDO for $KAKA on Nov 23. In Dec, KAKA will officially launch the 1st play-to-earn game Troland. Also we will complete the market value deployment and value management of DEX and choose high-quality CEX(s) for cooperation at the right time.

In Q1,2022, KAKA plans to complete the standardized interface for the card games and open the standardized interface up for development teams and projects out there who wish to enter blockchain gaming. They just need to have their own IP and artwork. The already small economic model can be easily transformed to publish their own blockchain games on KAKA NFT using KAKA's game rules.

In Q2, KAKA will complete the introduction of more than 10 card games and launch the second new standardized interface game, which will be a simulation type game. At the same time, this game will continue to use the economic system of KAKA NFT World. The opening of the new game will bring great boons to the economic profitability of KAKA NFT. (You do not need to pay special fees using KAKA‘s standardized card game interface to launch your own game, but you do need to hold a certain amount of KAKA tokens and stake it.) The platform uses this mechanism to ensure that projects that utilize the interface will not harm the interests of platform users and gamers using underhanded tactics.

In Q3 2022, KAKA will open the user value exchange between the Metaverse art gallery and the gaming platform and have a standardized game publishing platform, NFT art gallery (supporting auctions and exhibition activities), a derivative store with trendy goods that supports users across the globe simultaneously. 
Then KAKA will enter a period of diversified value development on multiple fronts. KAKA tokens will become an important economic value support and indicator for performance.

In Q4 2022,we will reform its multiple business integration models and start the prediction Market. We expect that more traditional investment institutions will join and invest in KAKA NFT’s global businesses. At the same time, KAKA will begin to deploy games on PS and Mi.
SECOND SEGMENT (TWITTER)
Crypto Library Team : I want to ask, Which one the most important for you in developing the community and increasing the value of the project? Which one that Will you do first?

Kaka Chan (KAKA) : Such an amazing question. I would say increasing the value of the project is very important because only your project is fantastic, more users would enjoy it and be a royal fan sticking on it as well. Maybe they will share it to their communities and attract more followers and make it more popular. I am not saying developing the community is less important. In my opinion. Both of them are quite vital at a company.

Crypto Library Team : Can you tell us about some of the partners #KAKA NFT is currently working with?Can you expand on #KAKA NFT’s recent focus on DeFi?

Kaka Chan (KAKA) : We have our own KAKA Rabbits listed on The Binance NFT at the moment. All of them are unique designs and limited to 10, 000 pieces with exclusive images.
Benefits: 
  1. Enjoy dividends from profits of physical goodies: reap the dividends from KAKA Rabbit related physical products.
  2. Enjoy airdrops such as receiving airdrops of KAKA cards, platforms and so on from time to time.
  3. Priority participation for events like receiving exclusive news and get walkthroughs for events such as unlimited treasures.
  4. Priority purchase for garage kits like priority for KAKA garage kits with the opportunity to get free event whitelist privileges.
  5. Discount bonuses like enjoying discounts for NFTs, mystery boxes and so on from KAKA official and other collaborating platforms.
  6. Exclusive customized NFTs which you have the rights to own exclusive customized NFTs with a minimum platform points from purchases.
  7. Multi-chain metaverse experience like enjoying all of KAKA’s collaborated metaverse services and experiences without crossing chains.
  8. Virtual character persona receiving customized KAKA metaverse virtual person and personal space.
Besides that,  we also have Peppa Pig, One Piece, Marvel, Paul Frank, Overwatch and many other world-renowned IP brands. The first GameFi blockchain gaming project Troland NFT card game is in a global public beta phase at the moment. Troland Arena NFT cards game is based on the combination of many top IPs and NFT cards. For more info please kindly check the link below:
And wish you good luck and win!!!

Crypto Library Team : Can you share your official social media links so we can update ourselves?

Kaka Chan (KAKA) : Yah we do have a YouTube channel and other official social media links please kindly check as follows.
  • Official Website
  • Twitter
  • Telegram
  • Medium
  • Discord
  • YouTube  
  • Instagram
  • TikTok
  • Whitepaper
Crypto Library Team : And for the community round or IDO how much $KAKA will sale at this event? how we can participate in this IDO of $KAKA? please share soemthing about this IDO by KAKA NFT...

Kaka Chan (KAKA) : Yes  I would like to share our tokeneconomic. I think I have shown the distribution on  the previous questions as below.
 
Now, I would like to share the way to get our tokens.First is to participate in our IDO, which will begin the registration in Nov 19 on Daomaker, Here is our data page in Daomaker:
Also, people could do mainstream tokens staking, liquidity mining and IP NFT staking. People can also win from airdrop which we will have with Coinmarketcap in a few days.Also, you could participate in the Play-to-earn game. For more details please stay tuned with us for the official twitter account.
 

Crypto Library Team : There are several NFT GAME projects on the market right now, so what is the Bomb crypto project's strongest competitive advantage? Do you have any plans to enhance your graphics in the near future? Is the team interested in creating mobile games for Android or iOS platforms?

Kaka Chan (KAKA) : Sure,  I will take Axie Infinity, Crypto Blades, Gat Network for example. KAKA are available for multi-chains such as ETH, BSC, OEC, Conflux and Chain but the rest of them could be done on BSC or ETH and Ronin. KAKA could cross chain on BSC and OEC, others only on BSC besides Axie Infinity. Please kindly check the picture below to understand better.

THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : 1) Which do you think is more important:
A. Community B. Investors C. Token Price If all of the above is important to you, Whiich Should come first?

Kaka Chan (KAKA) : I would say community, investors and token price are all very important and the quality of a project is vital to a company as well. only our project is amazing people will join us and be a part of it. As the reputation is getting better and better will attract communities from all over the world and investors, the token price should be reasonable as well ofc
Crypto Library Team : Hi, According to the project's roadmap - what are your most important next priorities??

Kaka Chan (KAKA) : The next priority is IDO on DaoMaker

Crypto Library Team : Can you Explain how is your tokenomics distribution? How many Tokens Will be minted?and How many Tokens Will be locked by the Team.?

Kaka Chan (KAKA) : 15% for the team

Crypto Library Team : Question: BSC is really in trending now because it has low gas fee and high transaction speed. Have you any plan to move on BSC?

Kaka Chan (KAKA) : there are multi chains for KAKA such as ETH, BSC, OEC, Conflux chain, also cross chain on BSC and OEC

Crypto Library Team : Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?

Kaka Chan (KAKA) : yah there is one article we shared on medium maybe will help you guys to understand it better.
https://kakanft.medium.com/introduction-to-kaka-nft-world-9b4ca221905b

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