NEKO TOKEN WHITE PAPER

THE UTILITY TOKEN FOR PoP-Ai (PROOF OF PROVENANCE BY AI)

NEKO was born out of the MANEKI MEOW ecosystem — conceived as the utility token for PoP-Ai powered by the CONFLUX network. As a grant-winner of CONFLUX’s objective of encouraging more participation and activity in their platform, NEKO was listed in DEX on 21st February 2023 and has enjoyed overwhelming support from the community, resulting in a price gain of almost 50x as of todate. With this encouraging response, we are now in the process of listing on CEX.

Swappi — Trade NEKO
https://app.swappi.io/#/swap?outputCurrency=0xbecd75bde87020a4f0d3084bcce9cde794547660

THE ECOSYSTEM

OUR MISSION

Being the first NFT and Marketplace grantee of CONFLUX, and to borrow a most succinct phrase coined by one of our community members, we foresee MANEKI MARKETPLACE to be the ‘Opensea of China’ — the only gateway to the NFT market in China. At material time, CONFLUX is the only network for permissionless blockchain integration with XiaohongShu allowing their users to showcase minted NFTs on their profile pages — an immediate access to more than 200 million active users. Therein lies the immense potential of NEKO as the utility token of the NFT ecosystem.

Apart from this, there are also plans for a lending protocol within the ecosystem (one for NFTs and another one for coins) that will also utilize NEKO as the token. The NFT lending protocol with its attendant features will be the first of its kind in the world.

THE ECONOMY

In a market flooded with so many coins and tokens, we have consciously positioned NEKO as a utility token with actual usage amongst a huge community — thereby ensuring a healthy burn rate and a sustainable value. To achieve this, we have a multi-pronged strategy focusing on the following :-

1. Together with CFX, NEKO will be the utility token for the NFT market in China and offers a platform for China’s creators to showcase their work to the rest of the world.

2. To increase NEKO’s liquidity, our lending protocols will also be utilizing NEKO as transaction fee settlement token.

THE PAST

1 Back in 2021, Maneki-Meow was awarded the Conflux grant for NFT project — the first NFT project to be awarded such a grant. 10,001 Maneki Meow Gotokuji Collection (MMGC) was sold out, creating a robust community of collectors.

2 Maneki Marketplace 1.0 (MM 1.0) was launched — creating a Dutch auction platform for collectors to sell their MMGC. A benchmark of USD 1,950 was achieved during the auctions.

3 The first perk for MMGC Collectors was announced — allocated tickets to the Pattaya International Bikini Race 2022 were given out to MMGC Collectors. This race, sponsored by Central Pattana broke the Guinness World Record for most participants in a bikini race.

4 KaChing P2E Gamify was launched — creating the first avenue for players to earn NEKO tokens.

5 NEKO was listed on Swappi DEX which is the official Exchange of Conflux Network. A current total supply of 30 Million NEKO tokens was minted — 50% of which was airdropped for KaChing Gamify, while another 50% was put into the Swappi Liquidity Pool. In 7 days, NEKO created history by becoming the token that experienced the fastest and highest price increase — 50X!

THE ROADMAP

1 Marketplace 2.0 (MM 2.0) will be launched in the 2nd Quarter of 2023. Marketplace 2.0 was conceived to be the ‘OPENSEA’ for the Chinese NFT market — as one of our community members described it ever so succinctly.

MM 2.0 has the stated objective to discover, nurture and provide funding for talented creators in China who are in search of a platform to feature them in the international arena. All existing NFTs minted on the Conflux chain and via their collaboration with Xiaohong Shu (Little Red Book) will be tradeable on MM 2.0, thus creating a huge liquidity within the ecosystem with ZERO transaction fee.

NEKO has a most important role in this ecosystem, being the token for PoP-Ai payment of fees where NEKO will have a healthy burn rate of 0.5% per transaction, thereby guaranteeing a good inflation rate for NEKO token.

MM 2.0 will also be the FIRST platform with AI-enabled anti-plagiarism provenance-proving capabilities to ensure a secure environment to all stakeholders (PoPAi). This AI function does automatic data-farming, matching and screening over Big Data to identify potential fraud and has the feature to BLACKLIST suspected forgery. This Data Farm will be open-sourced to create a secure meta ecosystem for everybody.

PROOF OF PROVENANCE BY AI (PoP-Ai)

Developed by the Maneki Lab, PoP-Ai is the first-of-its-kind tokenomics that offers AI-enabled Proof of Provenance function. NEKO is the utility token for PoP-Ai service fees.

1 Maneki Lending Protocol (MLP), being the Liquidity Generator of MM 2.0, will be launched in the 4th Quarter of 2023. MLP provides P2P lending protocol for both NFTs and coins that utilizes MM 2.0’s AI-enabled Provenance-proving function — the first of its kind.

MLP will be the first lending platform that allows NFT holders to list their assets and leverage them for financing purposes.

MLP has a projected Total Lending Value (TLV) of USD 1 Billion. Again, the NEKO token plays an integral part in this ecosystem, being the token for fee settlement at a rate of 1.5% per matching done. This provides a healthy burn rate and again guarantees a good long term inflation rate for NEKO.

2 Token Listing on CoinMarketCap and CoinGecko. We are in the midst of applying to list NEKO token on these two independent cryptocurrency data aggregators by the 2nd Quarter of 2023.

3 CEX Listing

We are also in the midst of finalizing arrangements with a host of Venture Capitalists and Angel Investors in preparation for eventual listing on CEX. We are a little selective on this process as we believe, only with a shared vision can we move forward in unison towards a fruitful listing for everybody.

4 Migration from Core to eSpace

In appreciation for the continued support and loyalty from our pioneer NEKO token holders who have been with us from initiation stage in Conflux Core network, we plan to do a 1:1 Airdrop for this group of holders prior to CEX Listing.

5 THE FOUNDATION

The Maneki Foundation was established as the Talent Development arm of the ecosystem with the purpose of discovering, nurturing and provision of grants to talents in search of guidance and gateway to the NFT world.

6 THE MANEKI LAB

Our Lab is the heart of our existence — where dreams and ideas become reality. From NFT creation to the establishment of platforms to all AI-enabled functions — our Team works with a single goal in mind — the creation of a safe, secure and continuously-evolving environment for the NFT and crypto market.

7. CEX Listing

Is in the progress listing on major exchanges. Listing prices on centralized exchanges CEX will be 2x of the average 14 days closing price on DEX (Swappi). This price had been pre-agreed by VCs.