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KING is a community-driven currency on the Solana blockchain, aiming to attract new users and foster a sustainable community. Launched alongside King Charles III's coronation, $KING strives to become the leading community-driven currency in the Solana ecosystem. The project employs innovative deflationary mechanisms, a redistributive rewards system, and continuous expansion of offerings to benefit its community. The $KING roadmap includes a coronation celebration, centralized exchange listings, and holder rewards for active participation. $KING has gained significant attention, ranking as the #3 most popular token across all blockchains within 24 hours of its launch. With a trading volume exceeding $20 million and over 9,000 unique wallet holders in its first 48 hours, $KING is poised to make a substantial impact in the Solana ecosystem and the wider crypto market.
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What Is Kingdomverse (KING) Crypto?
Kingdomverse is a unique Mobile Gaming Metaverse (MGM), offering a diverse ecosystem consisting of multiple mobile games with an underlying dynamic, open-world social hub serving to connect them. The Kingdomverse platform merges the best elements of blockchain gaming with social networking to create a gamified social hub.
Players within Kingdomverse can play games, form gaming guilds, challenge each other, acquire resources and land as conquests, and experience various adventures. Its ecosystem is powered by non-fungible tokens (NFTs) that players own, earn, compete for, acquire, trade, and generate passive income.
Kingdomverse aims to offer a wide range of Web3-based mobile games powered by the tenet of digital ownership. Unlike traditional freemium gaming models, the use of NFTs in gaming allows Kingdomverse to offer fun and immersive experiences with higher user retention and engagement levels.
KING is the native token of the Kingdomverse ecosystem and the ERC-20 token on the Ethereum blockchain. It serves as the native currency for conducting transactions, buying or selling NFTs, upgrading heroes and characters, and enjoying the MGM experience to the fullest.
How Does Kingdomverse Work?
Kingdomverses MGM offers an open-world mobile metaverse where you can play various mobile games, earn rewards in the form of NFTs and tokens, and do more. Its social hub model sets it apart from most other blockchain gaming experiences, allowing mobile gamers to socialize, collaborate, and experience higher engagement.
Kingdomverses first mobile game, Defend the Kingdom, is a casual Player vs. Player (PvP) Tower Defense Game. Users can play this game by unlocking Heroes who battle enemies. Unlocking access to stronger Heroes can help you level up faster and reach the top of the gaming Co-Op.
To play the game, you need to assemble a team of five Heroes who can fight waves of enemies. Placing your team of Heroes in strategic positions on the map and combining their prowess can maximize your chances of overpowering the enemies and emerging victorious in the battles.
Heroes are the quintessential in-game characters that power DTK. These NFTs can be traded and upgraded. You can also combine Heroes to increase their power and raise your chances of winning over the enemies in battle.
History of Kingdomverse and KING Token
Kingdomverse is a relatively new entrant into the crypto market and the world of GameFi. The project was introduced in October 2022, and its first game, Defend the Kingdom (DTK), enjoyed its maiden NFT Mint event on Fractal Marketplace in December 2022.
The co-founders behind Kingdomverse include CEO Terence Chow, CTO Garfield Ip, CSO Josh Kovac, CPO Cloud Hui, CCO Fung Man, Executive Director Benjamin Lee, and Creative Director Guillermo Sierra. The team consists of early Bitcoin adopters with prior work experience in the online entertainment industry, gaming, branding, advertising, and more.
Adrian Lai, founder of Newman Capital, and Brian Lu, Partner at Headline Asia, serve as advisors to the Kingdomverse MGM project. Their expertise and guidance are expected to help the project scale up and gain traction among end users and investors.
In January 2023, the project team announced bringing Monkey Legends Gen 3 NFTs into the Kingdomverse. This popular NFT collection on Solana now features as in-game assets and has utility within fan communities and tournaments on the Kingdomverse ecosystem. Holders of Monkey Legends Gen 3 NFTs are also entitled to a GUILD PASS to the Kingdomverse community so they can rent and trade in-game NFTs anytime, stake in-game tokens to earn rewards and more.
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Is Kingdomverse (KING) a Good Investment?
Investing in Kingdomverse (KING) can be a favorable option, especially if you believe in the potential of Play-to-Earn (P2E) and the metaverse. The increasing mainstream adoption and interest in these areas of the crypto industry could drive up the price of KING token. Additionally, new collaborations and game launches by the developers could further boost the value of KING. Moreover, improved market sentiment towards cryptocurrencies, NFTs, metaverse, and GameFi sectors could attract more investors and support the Kingdomverse price.
What Is the Kingdomverse Crypto Price Prediction?
While it is impossible to provide an accurate price prediction for KING, monitoring certain fundamental factors can help gauge its volatility and price action. These include the level of adoption, partnerships, collaborations, future developments, and the overall market outlook. As Kingdomverse expands its game offerings and attracts more users, the demand for the KING token may increase. Partnerships with established crypto projects and positive market sentiment towards digital assets and related sectors can also contribute to the potential growth of KING.
What Is KING Token Used For?
KING is the native asset of the Kingdomverse ecosystem and serves various purposes:
- Native Currency: KING is used for purchasing in-game assets, NFT utilities, guild passes, avatars, buildings, land, and more within the Kingdomverse MGM. It is also required for trading NFTs and other assets in the Kingdomverse Marketplace.
- Earn Rewards: KING is the incentive token for the gamified social hub, allowing users to earn rewards by participating in Season Tournaments and other mobile games on Kingdomverse.
- Staking: Certain NFT holders, such as Monkey Legends Gen 3 NFTs, can stake their KING holdings to earn passive income and engage more with the gaming metaverse.
- Governance Token: Staking KING grants voting rights and participation in the decentralized governance mechanism of Kingdomverse. The voting power is proportional to the number of KING tokens staked.
- Crypto Asset to Trade and HODL: KING can be traded against other crypto assets to profit from market conditions and volatility. It can also be held as a long-term investment.
How Many KING Tokens Are There?
The total supply of KING tokens is set at 1 billion according to the Kingdomverse whitepaper. The genesis circulating supply is 400 million tokens, which accounts for 40% of the total supply. The remaining tokens will be unlocked over the next ten years based on a predetermined schedule.
The token distribution for KING is as follows:
- 29.7% allocated to the Kingdomverse community
- 12.9% reserved for game rewards
- 15.6% earmarked for the Play-to-Earn mechanism within the ecosystem
- 20% allocated to the Kingdomverse team
- 10.8% set aside for project investors
- 5% reserved for project advisors
- 6% allocated to the Kingdomverse Treasury
Who Are the Partners and Investors of Kingdomverse?
Kingdomverse has partnered with notable entities such as Fractal, GGWP, QooApp, Immutable X, YGG, and Gensokishi Online. The project has received investments from Infinity Ventures, Shima Capital, Newman Capital, SweeperDAO, Chiron Partners, and other investors.
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