The success stories of DeFi and NFT have been the major highlights of the last six months. While 2021 is often referred to as the NFT year, many believe that the NFT hype will fade, allowing sustainable use cases to take center stage.
KoKoSwap is the perfect example of how NFTs have evolved and how a unique use case can grow even when the NFT space saw a significant loss in traction.
KoKoSwap is just an NFT and DeFi platform but when the core technicals of this protocol are considered along with the features it provides, this growth seems like nothing but the first step of climbing Mount Everest.
What the future holds
The world is rapidly digitizing, and Blockchain technology is playing a significant role in this transformation. Given this, it is reasonable to predict that Blockchain will take the world by storm even further than it has already.
The explosion of blockchain technology attracted people all around the world. Its growing popularity led to many people wondering about its potential and resulted in unparalleled innovation in space. As a result, the world has been bestowed with concepts like DeFi and NFTs that bring with them a new hope of a better, more transparent system.
About NFTs
NFT is an abbreviation for Non-fungible token, which is a digital way of representing a unique asset. One bitcoin can be exchanged for another, but NFTs are not. They represent a distinct set of characteristics that belong to and define an asset’s existence.
The use of NFTs enables a digital, immutable proof of ownership that establishes the authenticity of an asset.
The only difference between an NFT and a traditional asset is that instead of receiving the same physically, a person would own it in the form of a digital file. It would be unique, authenticated, and would have a monetary value as well.
The secret to KokoSwap’s success
KoKoSwap takes the NFT space one step further by introducing the powers of DeFi.
In essence, KokoSwap’s decentralized platform enables users to take advantage of DeFi features such as staking and swapping while engaging in NFT-related activities. It also combines this potent synergy with the world of gaming to provide an unrivaled use case.
This allows KokoSwap to gamify the users’ activities and make trading fun. Users can play and win on the platform while doing their everyday trading and investment activities.
From a different perspective, this allows KokoSwap to allow more stability and sustainability to the volatile space of DeFi. This applies to all the features accommodated by the KoKoSwap platform that includes NFTs, Staking, and Gaming.
Another main aspect of KoKoSwap is the holistic ecosystem which encapsulates all the features available on the platform and powers them with a seamless financial ability through the KOKO token.
KOKO is the native currency of the platform that acts as the fuel for the ecosystem. Users can buy NFTs, do staking to get rewards, KokoSwap, KoKoStake, KoKoAvatar, or perform other such activities through the use of KOKO token.
In a sense, the KOKO token has played a major role in the journey of KokoSwap for achieving a 1.6B Market cap.
Taking this even further is the KokoSwap’s Social Knockout event. The event is one of a kind as it brings various YouTubers and Social Media influencers from around the globe to join a combat event between popular influencers. And the cherry on the top is that the event accepts all payments only in cryptocurrency. For more details, click here.
Conclusion
Reaching a Market Cap of 1.6B is just the start of an amazing journey. This four-month growth shows the huge potential that KokoSwap has to set higher milestones in the NFT and DeFi industry.
