KoKoSwap launches amid the DeFi and NFT evolution
2 min read
Decentralized finance (DeFi) and non-fungible tokens (NFTs) have undergone unprecedented growth over the past few months.
Malta, May 5, 2021 – Since the beginning of 2021, DeFi has already grown over 5x in terms of total value from $15 billion in January to approximately $77 billion by May 2021. From January 2021 to date, the NFT space has undergone a 25x increase in trading volume.
With these adaptations in the industry, leading to 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 fulfil 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:
- 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 5,000 accessories in the game, skins, and limited-edition merchandise that can be represented as rare collectables.
- KoKoStake: The staking platform allows 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 acts as the most ideal meeting ground for gamers and developers on a distributed network.
- KoKoFantasy: A fantasy league platform facilitating fantasy sports.
To find out more about KoKoSwap visit kokoswap.org.
The post KoKoSwap launches amid the DeFi and NFT evolution appeared first on BeInCrypto.
