Announcing: KittieFIGHT “Volcano” Launch; Yield Farming Fueling NFT Cryptokitties Combat Game
With KittieFIGHT in development over the past 2 years and mainnet deployment coming up, we are announcing the launch of the Volcano yield farming unto Ethereum main net by October 5th 2020, with immediate Rinkeby testnet availability here : https://www.kittiefight.io/yield-farming.
KittieFIGHT Protocol
KittieFIGHT is a DeFI ( Decentralized Finance ) Lending backed, FOMO Mortal Kombat CryptoKitties MMO game, driven by a gamified demand based token in a closed cryptoeconomic system. The KittieFIGHT platform can be compared to a high yield casino/lotto game bankrolled by an open source bank, which is collectively funded by lenders. The game returns weekly yield to the bank which becomes available for lenders to withdraw proportionally based on initial capital commitment of each lender. KittieFIGHT is built by a team of DeFi natives and crypto veterans, some of he protocol features include:
- Game jackpots backed by Lending Protocol
- Auction-able or re-investable NFT CDP’s (ETHIE ) generated from lending to kittieFIGHT
- Gamified KTY Token demand economy with tight UNISWAP AMM integration. Limited need for gamers to hold KTY token directly, limiting friction in adoption. Learn more here
- Decentralized Governance using Aragon DAO
- Weekly yields to lenders, DAO stakers and game winners.
- Finally its an UNSTOPPABLE, PROVABLY fair and TRANSPARENT Ethereum Dapp
The KittieFIGHT KTY Token itself is an ultra deflationary gamified fixed cap token at 100 million supply, having limited initial market availability of about 15% circulating, 65% of tokens are locked up in gaming smart contract treasury and other token allocations vested over a period of 4 years. The kittieFIGHT platform host games that are DEMAND generating events putting tremendous demand pressure on the already limited market supply. The platform is ready to go to The main net with a few more edge case testing. https://github.com/kittiefight/contracts/tree/dev. You can read up more on the history and development of the project in this interview on Hackernoon
Volcano Yield Farming Launch
The Volcano launch plans include incentivized liquidity pools available for 14 KTY token pairs of uniswap to attract a broad and vision-aligned community to steward the future of the KittieFIGHT protocol and token. This does 2 things for us:
- Partnership of DAO based communities and liquidity influx into our pools via our yield farming program
- Exponential growth of community size necessary to make our testnet and main net games successful
These pools were intentionally chosen to onboard a broad number of the DeFi community, as well as communities with understanding of complex Crypto economics and proven commitment to active governance. We are approving the following KTY token pairs uniswap liquidity pool tokens within the yield farming contract: WETH, ANT, yDAI, yYFI, yyCRV, yaLink, aLend, aSNX, GNO, 2key, yETH, aYfi, UNI and SDAO. We will continue to add more community tokens over the yield farming program duration. You can get some KTY tokens by following this KTY Guide
Volcano Yield Farming Program Overview
7% (or 7,000,000 ) of the total fixed KTY token supply and 7% (or 7,000,000 ) of the total fixed SDAO token supply is allocated to the 6 month program duration. 10% (700,000 KTY & 700,000 SDAO) out of the program allocations are auto awarded to yield farmers who participate within the first 21 days of the volcano program launch, and as long as they continue till the end of the program duration.
Yield farmers are free to unstake collateral at any time, but only eligible to withdraw yield as long as participation time exceeds a minimum of 1 month schedule with the program schedule. The allocated KTY and SDAO tokens in the Volcano unlocks gradually over time each month and yield farmers receive share of the unlocked KTY and SDAO tokens over time for a duration of 6 months.
Volcano Program Details
- Volcano Testnet : 11:59 EST, September 27th, 2020
- Volcano Mainnet Launch: 11:59 EST, October 5th, 2020
- Website :https://www.kittiefight.io
- Twitter: https://twitter.com/kittiefightHQ
- Telegram: https://t.me/KittieFIGHT_DeFi
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- Contracts: https://github.com/kittiefight/contracts/tree/dev/contracts/yieldFarming
- Total Supply: 100,000,000
- Distribution: 7% KTY and 7% SDAO Governance tokens distribution to early supporters via yield farming : https://www.kittiefight.io/about/kty-dao-token
- Kittienomics : https://www.kittiefight.io/about/kty-tokenomics
- Volcano Yield farming program : https://www.kittiefight.io/yield-farming
- Volcano Yield farming program tutorial : https://blog.superdao.io/tutorial-how-to-stake-uniswap-liquidity-pool-tokens-in-the-volcano-yield-farming-program-16d5d4fdca66
Audits: Audit results should be available on or before 11:59 EST, October 5th, 2020. We have also provided several security measures to ensure safety of user funds, like modularity and extensive internal and external testing .
