The AFKDAO protocol is a decentralized protocol that promotes the growth of play-to-earn economies. It connects gaming projects, guilds, and players from the start of a project, providing potential investors with an easy way to access investment opportunities in gaming and metaverse initiatives through initial game-asset offerings and automated play-to-earn techniques. The community will be able to decide on portfolio games, guild admissions, and treasury tactics for the DAO’s best interests through DAO governance, resulting in the strongest and largest player syndicate in the play-to-earn market.
For the first time, the Play-to-earn method has enabled players to partake in the profits from a game’s growth. Professional gamers can now convert their talents into a source of revenue. New projects, on the other hand, may find it difficult to attract real players and build their in-game economies while their complex designs keep the majority of the DeFi community at bay. Many people don’t have the time or don’t understand how to play-to-earn. AFKDAO is creating a platform that allows everyone to simply join in play-to-earn projects, allowing projects to bootstrap their economies and programmers to profit and shine.
The goal of AFKDAO is to create the world’s greatest play-to-earn economy. The company believes that the play-to-earn mechanism has the ability to change the gig economy paradigm and enable widespread adoption of crypto asset management. AFK Dao’s goal is to bring together liquidity, skill, and innovative initiatives, allowing the economy to grow sustainably while maintaining sufficient extensibility and decentralization.
Why AFK DAO can play a key governance role in Metaverse
The project connects games, guilds, and investors in the most efficient way possible through AFK DAO. The company enable guilds to attract NFT assets in a similar fashion to a decentralized fund manager by providing the on-chain infrastructure, effectively lowering their treasury risk. Since the inaugural NFT drop through AFK Game Aggregator, additional promising games will have specialized scholarship programs. This would drive the demand for NFTs and make sure the NFTs go into the right hands of users who participate in play-to-earn rather than flip NFTs in the marketplace.
The Game Asset Launchpad is a place where game asset NFTs from some of the best and most promising gaming projects can be showcased. AFK DAO’s hand-picked game assets are NFT delegate protocol compatible and Game Aggregator ready from the start. AFK Point systems govern access to these assets, which enables AFKDAO to identify and keep loyal community members who are truly committed to helping us create the play-to-earn economy.
AFKDAO will be able to provide low-collateral lending & borrowing pool solutions to unleash the liquidity value of gaming assets using the AFK delegator protocol, addressing the inefficiency of NFT lending in P2P matchmaking methods. Owners of NFTs will be able to stake their assets in the pool at any moment and collect instant dynamic interest while also having access to indefinite players who are borrowing at a dynamic interest rate. Owners would only be renting access to using the NFTs through the delegator, not ownership. The quantity and frequency of interest accrued are determined by the demand for loans, the minimum return on investment, and the accrued interest algorithm. Billing cycle regulations may be imposed on withdrawals such as T+1 or more due to the nature of games.
AFK DAO’s Tokenomics Makes it a Unique Protocol
The founding team of AKF DAO will manage to operate the core responsibility for DAO. As the community expands, the holders of the $AFK tokens will govern together.
- DAO should organize activities for members:For normal/daily proposals: members can vote via discord or website.
- For important task operations, such as asset management, new project incubation, project investment. Activities are managed on-chain with smart contracts and determined via voting by members.
- DAO members can vote to authorize multi-signature for the assets/projects
- DAO members can vote to authorize trading requests for DAO contracts
- DAO members can vote to determine the DAO system strategy
- DAO members vote by $AFK token, $AFK token is a representation of voting rights.
The total amount of supply has been capped at 1,000,000,000 which will be distributed and divided in the following manner:
Treasury: 180,000,000.00 (18%)
The Treasury of AFKDAO will hold 18% of the total allocation. No vesting schedule.
Team: 150,000,000.00 (15%)
The Team of AFKDAO will hold 15% of the total allocation. 2-year cliff, monthly release for 2 years.
Advisor: 20,000,000.00 (2%)
The Team of AFKDAO will hold 2% of the total allocation. 1-year cliff, monthly release for 1 year.
Investors – Seed/Private A/Private B/Public: 200,000,000.00 (20%)
Ecosystem: 450,000,000.00 (45%)
The Team of AFKDAO will hold 45% of the total allocation. 10% at TGE, the rest unlock based on DAO decisions.
To learn more about AFKDAO visit Afkdao.io