[PolkaStarter] Get to Know: Kyoko

Get to Know: Kyoko

Kyoko brings credit to the blockchain and provides financial support for DAOs through the industry’s first DAO-to-DAO lending protocol.

Their IDO is scheduled for April 5, so as usual, we wanted to get together with Linsey and Stave from Kyoko’s team to learn all about their vision and experience.

📍Kyoko IDO Allowlist is open until March 30, head over to their project page to apply!

📚 Read full AMA here

How is Kyoko?
Kyoko is the name of a Japanese cyber girl born in the metaverse. Kyoko doesn’t just belong to one project – rather she’s a guide for all metaverse players to explore her digital world.

Kyoko aims to address the biggest problems challenging her metaverse working on a protocol that bridges in-game assets across different blockchains and provides liquidity to high-potential DAOs within the GameFi universe.

In the future, Kyoko aims to create her own metaverse that brings games, guilds, and players together across the world.

How does Kyoko work?
Kyoko finances the future of Web3 development through its two types of DAO-to-DAO loans: credit loans and collateralized loans.
On Kyoko, DAOs and guilds will be eligible to apply for their credit whitelist to obtain liquidity. Whitelisted organizations can also lock ERC-20 tokens, $KYOKO tokens, or NFTs into the Kyoko Vault as collateral for higher credit lines.

$KYOKO: Token utility
$KYOKO is the main governance token, allowing holders to vote on the platform’s revenue distribution and DAO eligibility for credit loans. Holders will also choose which high-potential DAOs and Guilds will obtain additional investment and incubation support from Kyoko.

Holders will also be eligible for mining and staking opportunities. Kyoko’s staking model rewards long-term platform stakeholders through a time-weighted reward calculation, and all token holders – with the exception of locked tokens – are eligible to stake tokens between two different vaults. Learn more about KYOKO staking here.

Follow Kyoko Community
🔸Medium
🔹Website
🔸Twitter
🔹Telegram
🔸Discord

Community Questions

Shadow
Hi @LinseyZ @stavetime

The name of your project seems to be interesting, what was the story behind it and how did you come up with that?

Stave
Kyoko is the name of a Japanese cyber girl. She was born in the metaverse and belongs to the metaverse. Kyoko doesn’t just belong to one project – rather she’s a guide for all metaverse players to explore her digital world.

Hello Sir😎
Do you plan to bridge popular networks such as SOLANA, FANTOM or AVAX with your project?

Stave
Yes, we naturally offer support for all public chains

Md Jinnat
kyoko is The Gateway to a Web 3.0 World. But now very few projects can develop their products on Web3. How will koyko achieve this goal? What benefits will Web3 bring to users? Currently, how is the develop of Web 3.0 at kyoko?

Stave
We offer the liquidity and opportunity that projects with strong potential need to develop their visions. Imagine Kyoko as the bridge builders for the Web3 industry

Pikachu
Sir, Can I do staking your token and earn passive incomes? what are the benefits and usecase of holding it long term?

Linsey
Of course, you can! We will release an article about our detailed staking strategy recently, you could also look through the staking page: https://docs.kyoko.finance/token/stake

In the future, there will be some airdrops from our supported guilds and DAOs, for Kyoko token holders.

DEZPOV
Hello🙌🙌

Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I'd like to know who your ideal consumer is for your product?

Stave
Our products have different target users for each of them. Our DAO-to-DAO loans will be targeted for projects and investors, while our P2P NFT lending market is naturally for investors and individuals. Our cross-chain asset lending platform is the broadest, with inherent benefits for games, guilds, investors, and gamers alike.

Ms Crypto
How can a Newbie People understand your project easily? Is there some kind of educational program or some YouTube Videos to make it easier for newcomers to understand YOUR project?

Linsey
Yes! Please check with our linktree, there has an introduction video on YouTube. Also, our medium provides more  educational articles at beginning~

CRYPTO ❤️ kING❤️
𝗛𝗲𝗹𝗹𝗼 𝗞𝘆𝗼𝗸𝗼 𝗧𝗲𝗮𝗺, 𝗜 𝗵𝗼𝗽𝗲 𝘆𝗼𝘂 𝗮𝗻𝘀𝘄𝗲𝗿 𝘁𝗵𝗲 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀:

𝗤1. 𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝗞𝘆𝗼𝗸𝗼 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗣2𝗣 𝗡𝗙𝗧,𝗖𝗿𝗼𝘀𝘀-𝗰𝗵𝗮𝗶𝗻 𝗮𝗻𝗱 𝗚2𝗚 𝗹𝗼𝗮𝗻𝘀 𝘁𝗼 𝗵𝗼𝗹𝗱𝗲𝗿𝘀? 𝗔𝗻𝗱 𝗵𝗼𝘄 𝘄𝗶𝗹𝗹 𝗮 𝗴𝗮𝗺𝗲𝗿 𝗲𝘅𝗽𝗮𝗻𝗱 𝗵𝗶𝘀 𝗴𝗮𝗺𝗶𝗻𝗴 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀?

𝗤2. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝘁𝗼 𝘄𝗲𝗯3 𝘂𝘀𝗲𝗿𝘀 𝗼𝗳 𝗽𝗿𝗼𝗺𝗼𝘁𝗶𝗻𝗴 𝗞𝘆𝗼𝗸𝗼'𝘀 𝗗𝗔𝗢-𝘁𝗼-𝗗𝗔𝗢 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝘄𝗲𝗯3 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁?

Linsey
Great questions! Please read these articles for the answers!

𝗤1. 𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝗞𝘆𝗼𝗸𝗼 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗣2𝗣 𝗡𝗙𝗧,𝗖𝗿𝗼𝘀𝘀-𝗰𝗵𝗮𝗶𝗻 𝗮𝗻𝗱 𝗚2𝗚 𝗹𝗼𝗮𝗻𝘀 𝘁𝗼 𝗵𝗼𝗹𝗱𝗲𝗿𝘀? 𝗔𝗻𝗱 𝗵𝗼𝘄 𝘄𝗶𝗹𝗹 𝗮 𝗴𝗮𝗺𝗲𝗿 𝗲𝘅𝗽𝗮𝗻𝗱 𝗵𝗶𝘀 𝗴𝗮𝗺𝗶𝗻𝗴 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀?

https://kyoko-finance.medium.com/worry-not-gamers-guilds-kyoko-is-here-for-you-4db17c997c23

𝗤2. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝘁𝗼 𝘄𝗲𝗯3 𝘂𝘀𝗲𝗿𝘀 𝗼𝗳 𝗽𝗿𝗼𝗺𝗼𝘁𝗶𝗻𝗴 𝗞𝘆𝗼𝗸𝗼'𝘀 𝗗𝗔𝗢-𝘁𝗼-𝗗𝗔𝗢 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝘄𝗲𝗯3 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁?

https://kyoko-finance.medium.com/kyoko-goes-big-with-dao-to-dao-lending-heres-the-trillion-dollar-idea-8dc6d527f4f3?

H U Z A I F A❤️❤️❤️❤️
Sir, What will be the role of NFTs in your ecosystem?  What will be their field of use and what benefits will they bring? Finally i would like to konw, What is the value of NFT,s in the Ecosystem?

Linsey
We provide the platform for P2P NFT lending. We won’t set any price for any NFT.

In P2P, the lender customizes the lending requirements, including asset value, interest rate, and lending period. The lender and borrower can both negotiate on a private chat channel provided by the Kyoko platform. Once an agreement is reached, the Kyoko platform will act as the executor and issue the smart contracts.

Ishak Sumon
Kyoko’s P2P NFT lending protocol allows users to create liquidity from their idle NFT resources. But what will happened if the NFT lost its value? Will Kyoko team give back the money to lenders or the process is totally decentralized?

Stave
Valuing NFTs is an imperfect model. Kyoko simply acts as a lending marketplace for lenders and borrowers to connect and exchange freely. Once a lender and borrower agree on terms, the Kyoko platform will issue the smart contract.

Ami Siyam
Can you briefly tell us about Kyoko D2D business strategy? Who will be get an investment opportunity?

Linsey
Kyoko finances the future of Web3 development through its DAO-to-DAO loans.

Kyoko offers two types of DAO-to-DAO loans: credit loans and collateralized loans. DAOs and guilds will be eligible to apply for Kyoko’s credit whitelist to obtain liquidity. Whitelisted organizations can also lock ERC-20 tokens, $KYOKO tokens, or NFTs into the Kyoko Vault as collateral for higher credit lines.

VCs and other users can obtain attractive interest rates via Kyoko’s DAO-to-DAO liquidity pool when they deposit USDT in return for interest income and $KYOKO tokens. They may also be eligible for early investment opportunities and airdrops from high-potential emerging guilds.

Gökhan
Thanks for this great project firstly. I checked your backers and see that you have very high quality supporters. But I can't see any venture company of centralized exchanges like huobi ventures, binance labs etc. Does this situation have a special reason?

Linsey
We want to focus on the DEX at this early stage. After the IDO, we will do it in Uni swap~

Jahan
Kyoko’s P2P NFT lending protocol allows users to create liquidity from their idle NFT resources. So, With its credit loans for DAOs and ability to collateralize P2P loans with NFTs, how is Kyoko chipping away the limitations of lending in crypto? What makes it different?

Stave
DAOs that need additional liquidity can come to Kyoko’s DAO-to-DAO lending platform to apply for whitelist access and receive unsecured credit loans. The credit can be used to borrow USDT, and DAOs that require higher credit limits can lock ERC-20 tokens, $KYOKO tokens, or NFTs into the Kyoko Vault as collateral. The amount of credit would then be based upon the creditworthiness of the organization, the amount of collateral provided, and the amount of liquidity in Kyoko’s DAO-to-DAO lending liquidity pool.

In addition, early-stage DAOs that are full of potential but need additional resources can apply for credit loans. Upon passing Kyoko’s due diligence evaluation process, whitelisted DAOs can then acquire the resources they need to grow their operations.

Credit loans will be drawn from a liquidity pool, and liquidity providers will earn interest income from borrowers’ interest payments, while also mining $KYOKO tokens. This liquidity pool will be semi-decentralized upon launch, though we plan to establish a fully decentralized investment pool in the future.

Lastly, liquidity providers and $KYOKO token holders may also be eligible for airdrops from DAOs that borrow from Kyoko’s credit bank. If every DAO that borrows from our credit bank distributes an airdrop, we anticipate that this could be a very substantial source of income.

Read more here: https://kyoko-finance.medium.com/kyoko-goes-big-with-dao-to-dao-lending-heres-the-trillion-dollar-idea-8dc6d527f4f3

Mamun
For players and users with a quick profit mentality, I wonder how $KYOKO balances playability and the long-term nature of the project? Of course for investors currency is very important, how can $KYOKO persuade them to hold it for a long time?

Stave
We have a weight-based staking model that rewards long-term $KYOKO holders. You can read about the equation here: https://docs.kyoko.finance/token/stake

⚡Bdͥ saͣjͫjad⚡
Sir, Does KYOKO have any outstanding features compared to the existing P2E NFT games in the Market? And Can you share about Kyoko's more gameplay? Finally i would like to Know, How can players make money from the game?

Stave
We are not a game, but an asset lending platform. You can read more here: https://kyoko-finance.medium.com/worry-not-gamers-guilds-kyoko-is-here-for-you-4db17c997c23

Osman
Token price is important as many investors cares price only. How will you encourage long term investors to hold tokens?

Linsey
Investors usually have relatively longtime vesting. We will also encourage them to stake tokens for voting and get more benefits.

They could only get access with the early investment opportunities and voting when they stake and lock the tokens

MÂZLÚM
Investors seek more attention towards projects when the token has more utility. So what makes users hold tokens for their benefits, is there any loyalty program for holders?

Stave
Yes! $KYOKO is the main governance token of the Kyoko ecosystem. It offers holders the ability to vote on ecosystem decisions, such as platform revenue distribution, DAO eligibility for our DAO-to-DAO loans, and which DAOs will be able to participate in our incubator arm of our DAO-to-DAO loans.

$KYOKO token holders will also be eligible for mining and staking opportunities. Kyoko’s staking model rewards long-term platform stakeholders through a time-weighted reward calculation, and all token holders – with the exception of locked tokens – are eligible to stake tokens between two different vaults. More information on staking can be found on the whitepaper: https://docs.kyoko.finance/token/token-distribution

SHABON
Is the development team reliable? Do they have verifiable previous exposure to the industry? Do they have reputable backers?

Stave
Yes you can check our investor list on our website: https://kyoko.finance

Hasan
Pawn NFT sale. So, Id There is little information about Kyoko Pawn on the website. Unfortunately I missed the KyokoI am willing to buy one how can I do that? And what are the advantages of holding it?

Stave
Great question! You can read more about Kyoko Pawns here: https://kyoko-finance.medium.com/come-one-come-all-kyokos-going-public-sale-99958b10c34c

There will be more information released next week about them. Follow us for additional updates!

About Polkastarter

Polkastarter is the leading decentralized fundraising platform enabling crypto’s most innovative projects to kick start their journey and grow their communities. Polkastarter allows its users to make research-based decisions to participate in high-potential IDOs, NFT sales, and Gaming projects.

Polkastarter aims to be a multi-chain platform and currently, users can participate in IDOs and NFT sales on Ethereum, BNB Chain, Polygon, Celo, and Avalanche, with many more to come.


Stay tuned for more upcoming IDOs
Website | Twitter | Discord | Telegram | Instagram | Newsletter | YouTube



>> View on PolkaStarter

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS