KOTKET has announced the release of its Move2Earn NFT gaming platform’s first beta version. Gamers can begin playing the game entirely on the website.
KOTKET is a 2021 project that began in the first quarter. KOTKET will be a “Hidden Gem” in the GameFi community after more than a year of preparation, from the idea to the long-term development roadmap before launching the token to the market.
The project is a decentralized game that is organized and created on the Ethereum network, which is now the world’s largest ecosystem. KOTKET is the first game in the GameFi series, and it was created with the goal of integrating enjoyment, technology, and investment.
The game is based on a mythical figure who is best known for being one of the main characters of a 16th-century Chinese tale.
Monkey King is a stone-born monkey that gains supernatural abilities through Taoist practices, as well as the 72 Transformations, which grant him access to 72 unique abilities. All 7 Monkey characters have various rights, powers, and missions in KOTKET. To get more power, players must acquire more powerful monkeys by earning in-game awards or purchasing limited editions from the marketplace’s auction section.
The player guides his monkey character “PUMP” or “DUMP” through each “Candle Task” candle challenge in the game. Each candle will burn for a total of 60 seconds (or 1 minute). All of these difficult candles are the same size as Bitcoin’s price candles in real time.
The player’s goal is to guess whether the next candle will be green (PUMP) or red (DUMP) and bet on it to win a prize. You’ll also be able to forecast how the Bitcoin market will move. KOTKET neither sells nor trades Bitcoins; instead, all measures are publicly and reliably mirrored from the world’s top exchanges.
When the player wins, they will be rewarded. When a player’s prediction matches the market, they win and receive a profit that ranges from 95 percent to 98 percent, depending on the NFT monkey character they own. The higher the reward amount, the rarer the monkey characters.
When a player’s market prediction is incorrect, they lose and incur a loss. Each weekend, they will be eligible for insurance depending on the total amount of their losses.
Only KOKE tokens are issued by KOTKET. The KOKE token ensures the capacity to regulate inflation through a variety of measures, including compensation, insurance, profit sharing from the “Community Treasury” to participants, and so on. All of this is done to ensure the project’s long-term success and prevent the token’s value from depreciating.
