KittieFIGHT

DEFI Lending integration : Community participation KTY and DAO token reward

DEFI Lending integration : Community participation KTY and DAO token reward

task

YUP icon 37000 KTY icon 30000.0


DEFI Lending integration : Community participation KTY and DAO token reward

Rewards

No YUP/tokens awarded

TDLR : Earn more tokens for active participation in our discord and outreach activities.

  1. Join Discord : Discord invite : https://discord.gg/rgQ5F3R
  2. Submit your discord username here
  3. Participate in "weekly activities" on discord, being a knowledgeable member
  4. Follow instructions below.

Update :

We have built a lending compounding interest system into our already existing KittieFIGHT CryptoKitties - Mortal Kombat  MMO game.

Status & Mainnet release date

We are going live to Ethereum  mainnet in the first half of June 2020

Details

Today we are happy to announce That kittieFIGHT is now backed by a full DEFI lending product enabling lenders to earn Highly variable weekly interests of between 20% — 70% and up on capital committed to the internal KittieFIGHT treasury; "the Endowment fund contract". The Endowment fund contract is completely open source, user controlled and accessible in our KittieFIGHT smart contract system.


The funds in the Endowment fund are then completely utilized in games as jackpots incentives, which MUST perform to return 10x its value in order for games to be ended and for profits/rewards to be distributed to winners and various actors such as lenders. This will help KittieFIGHT fuel its systemic game funding goals, as well as to provide a nice and consistent weekly income for lenders.

 

The functionality above is possible due to a high revenue return from KittieFIGHT games and a NFT CDP (collateral debt position) called KittieFIGHT Ether. Lenders can deposit ETH and receive tradable "KETH" on open marketplace like "opensea" for it "Future Value" or just hold on to the KETH and the accumulate weekly interests. The original Eth/Ether. Plus accumulated Ether. Can be withdrawn any week by burning KETH with a small fee in KTY tokens.

In addition to new DEFI integration, we have also implemented a staking protocol by which DAO token holders can use to "Mine" Ether rewards on a weekly basis from revenue generated from KittieFIGHT Games. We will be doing a DAO token distribution to Gen 0 holders of our novel KETH NFT DEFI tokens and "Active" long term and current community participators. A portion of the KTY tokens economy will also be distributed to early participators later down the line.

 

You can now think of the KittieFIGHT lending and gaming system like an open source bank collectively funded by lenders, that funds the bankroll of a high yield casino/lotto which in turn returns yield to the bank and collective lenders proportionally. The difference is in this case games are funded collectively by DEFI lenders using Ether and the gaming model is a Cryptokitties mortal kombat themed MMO, with two opposing player groups battling with ETHER over a sizeable, initial Ether jackpot incentive, that swells to at least 10x its initial size to return lucrative winnings to players and interest to lenders.


 

Token listing  date

KTY and DAO tokens are to be listed imminently on uniswap and balacer decentralized exchanges

 

Community participation KTY and DAO token reward :

We are rewarding community loyalty participatory effort that brings value to our KittieFIGHT product and DAO organization transition to main net. As you may know, we have already done the hard work spending months/years developing a viable revenue generating product for DAO token holders as well lenders to our KittieFIGHT lending system. What is needed now is engagement and promotion to bring awareness to the amazing product we have built by providing the right incentives sharing ownership of the product and governance with active engaged community.

We will reward the first 200 active participators with 15,000 DAO tokens & 5,000 KTY tokens each. Each participator much actively engage with each of our outreach efforts weekly and check in with us on our discord server. Some of the outreach mediums and activities include :

  • Testnet games
  • Mainnet game promotion and or participation
  • KittieFIGHT Lender portal referral or promotion
  • Social media promotion / engagement - discussion, likes, retweets, reshares
  •               - Twitter
  •               - facebook
  •               - Telegram
  •               - linkedin
  • Blog updates participation ( comments, questions, likes )
  • Forum discussion participation
  • Gitcoin tasks completion
  • Related Discord engagement - discussion
  • Related reddit engagement - discussion
  • Related bitcointalk engagement - discussion

    
    
Check in location :

    The first 200 eligible members must check-in twice each week with any link to the above activities in our discord channel. Each member must check in, by making an update post in two of the following channels :

  •     - "Community Check-in" channel
  •     - "DAO Check-in" channel

    
Here is the invite link to our discord server :
    Discord invite : https://discord.gg/rgQ5F3R


Note :

    - Inactivity during any week automatically replaces participator with member on wait list and invalidates previous effort


Reward

Previous competition reward has been increased to compensate long term "active" community members and also invite new members

  •     - 15,000 DAO tokens per participator @0.40 USD/DAO token
  •     - 5,000 KTY tokens per participator @0.40 USD/KTY token

Distribution date :

    ~ Approximately 2 months after KittieFIGHT main net launch in of June, once the kittieFIGHT lending systems moves to gen 1 (generation 1 or second generation ).


DAO token benefits :

  1. As staking mechanism for access to multiple dapp Ether revenue pools
  2. Governance voting tool for DAO organization steering
  3. Utility tokens used within subsequent dapps to be deployed


Only about 15% of a total of 100 million DAO tokens are to be distributed to participators of various categories based on various activity levels. 85% of the DAO tokens are reserved for future distributions during subsequent dapp launches. The DAO tokens are useful for various activities mentioned below:

KTY token benefits :

The kittieFIGHT token (KTY) is a gamified utility token powering the kittieFIGHT internal economy, utilizing limited supply with suppressed emissions and incentivized crowd participation for various fees paid in Kittiefight scheduled matches. The growing demand for use of KittieFIGHT tokens (KTY) in games, drives up the value of KTY token which are additional rewards to players in each game aside from the Ether rewards.

Learn more :

  •  https://blog.superdao.io/updated-kty-and-dao-tokens-community-distribution-pools-498bb3ce46d7
  • Join Discord : Discord invite : https://discord.gg/rgQ5F3R

 





26 COMMENTS 4 VOTES

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5 days ago

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5 days ago

This is an interesting project and I'd like to help out. I'm amer#1581 on discord.

1 week ago

Thanks for sharing your info. I really appreciate your efforts and I will be waiting for your further write.

<a href="https://solitaireonline.io/">Solitaire Online</a>
<a href="https://krunkeriogame.com/">Krunkerio</a>
<a href="https://tetrisonline.io/">TetrisOnline</a>

1 week ago

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3 weeks ago

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4 weeks ago

I allready was (an active) member of discord. My discord username is @YeromeZ

I'll promote KittieFight

1 month ago

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1 month ago

Kim R senior

THanks for providing initial answers to our questions.  A coupke more for you...: 

 

Is there a specific channel for reddit engagement?

How far are we into the 200 members / 800 waitlist currently? 

When you say checkin 2 times weekly - how is weekly measured?  Calendar week?  any 7 day period?  other?

 

 

 

1 month ago

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1 month ago

Kim R senior

Per your comment on my post,  I just joined the discord channel  Kayly322@gmail.com.  De Gem's questions cover my own and I am looking forward to your reply

1 month ago

ola aj senior

Hey check out answers to De Gems questions I took time to answer them

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I forgot to add. My discord username is @degem2priceless. 

I was already in the #General channel but inactive. I joined the #Community-check-in and #DAO channels. I'll do my best to promote KittieFight now.

 

1 month ago

ola aj senior

We will be tracking your username for the rewards, just stay active and watch out for updates in discord

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Alright Ola.

1 month ago

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De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

KittieFight's array of social media platforms is amazing. I've visited all your above-listed social platforms at least once with the exception of the Bitcointalk, Gitcoin and KittieFight lender portal platforms. Until today, I never knew about them.

With respect to staying consistent,

-- How do you select your first 200 eligible members for community participation? 

-- Are we to follow each one of those platforms or stay committed to one?

-- Do you mean we update the KittieFight and DAO discord channels with whatever we post on a selected platform, as in, I read a KittieFight blog on medium, comment and then copy that comment and post it in the discord channels?

-- During distribution of rewards after community participation will participants receive their earnings directly into their personal wallets (for example Metamask)? Better still, how are you going to credit them?

This one nearly skipped me. Is the price of $0.40 for KTY and DAO tokens fixed? 

1 month ago

ola aj senior

1. 200 eligible members : A google document of first 200 and another list of wait list 800 will be provided on , stay tuned for that update in Discord.

2. You have the option to choose which one to interact with each week, directions will be given on Discord

3. Yes exactly, but to help with the social post more directions will be given on discord and a special channel for activities, different from the "check - in" channels

4. With distribution, you will be asked to provide an address and tokens will be auto-distributed to all ELIGIBLE participants

5. For for KTY pricing, its Currently 0.40 KTY/USD but will trend up as we launch unto main net next week. For DAO tokens its currently also fixed, but due to limited supply and weekly dividends the price may start to spike higher and higher

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Thanks for answering Ola.

1 month ago

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De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

If I get the whole explanation right, KittieFight has now integrated decentralized finance into its system. We can therefore invest any KTY and DAO tokens we accumulate/earn back into the KittieFight pool for weekly returns (anywhere from 20%-70%) right?

I have some questions I'd want answers to.

-- Is the DAO you're talking about the same as MakerDAO? 

-- By transitioning to mainnet, do you mean you have nothing to do anymore with the Rinkeby tesnet, etc.?

I ask because I wasn't really familiar with those ones and I missed KittieFight games because it never occurred to me once to check those networks on my Metamask to locate them.

-- In order for games to be ended for profits to be distributed to participators, funds invested from the endowment fund MUST generate up to 10X returns. 

How are you going to make this happen? Are you sure it's possible? Can this system be permanent?

1 month ago

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1 month ago

ola aj senior

Point 1: Only ETHER can be invested into the system on : https://www.kittiefight.io/DeFi-Lending right now, and this is what generates an "ethie" to be able to earn 20 -70 % returns ...

KTY tokens are utility tokens who's price will increase due to utility. KTY tokens don't have to be used directly by users they just send ether and all the magic happens in background...

DAO tokens can be stake using our ARAGON : https://aragon.org/ instance of a DAO, then the staked tokens earn a proportional interest according to amount of tokens staked...more information coming on discord and blogs. Also our DAO tokens are governance tokens for our DAO as well as dividend/staking tokens, they are different from MakerDAO

Point 2 : correct when we transition to mainnet we will be live, as in REAL ETHER is used in games and EARNED by players...

Point 3: The game theory behind the whole system is based on FOMO ( fear of missing out) and the 10x requirement is just the minimum for a game to end. each game could actually grow to 20x or 30x. This is based on the principle that the total ticket sales and betting fees is orders in magnitude greater than the initial Jackpot ( $10,000, USD, $20,000 USD, $50,000 USD ETC...) committed to the game and used as an incentive/lure to draw people to win the game.

This is empirical data in reality as we see in state sponsored lottos where the state announces $100 million dollars up for grabs. But then the state makes a profit of $5 or $10 billion dollars from all ticket sales from the collective hopeful, wishing to win the initial jackpot of $100 million USD. we have also seen the empirical data principle play out with the likes of Satoshi dice in the early bitcoin pre/post- 2013 days...So not only is the system possible and thought-out, its almost of guaranteed success, by building a lending market into it, enabling lenders to the system to share in the system profits

1 month ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Great response.

1 month ago

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1 month ago

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1 month ago

ola aj senior

Seems like you quoted our text, but left out your question ?

1 month ago

Karen M guru

Unfortunately that user is a known plagiarizer on this site.

1 month ago

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