What is AFKDAO Coin (AFK) Token, DeFi, NFTs and Price Forecast?

AFKDAO is a DeFi infrastructure for utility NFTs. They believe that the value of utility NFTs comes from the high usage rate of these NFTs, including subscription cards, game NFTs, etc. Real asset class rather than being tied to some centralized utilities within a game. Read on to learn more find out about the AFKDAO project and whether it is worth it.

What is AFKDAO (AFK)?

AFKDAO is a decentralized protocol that increases the accumulation of play-to-win savings. It provides potential investors with an easy gateway to investment opportunities in game projects and metaverses through game asset initial offerings and automated game-to-win strategies, bringing together game projects, guilds and players from the base of a project. Through the governance of DAO, the community will be able to decide on wallet games, guilds and money strategies in the interest of DAO, creating the strongest and most important player syndicate in the game to win.

AFKDAO aims to differentiate itself by offering a Compound Finance-like loan protocol for widely accepted gaming assets. With this, AFKDAO streamlines borrowing and lending, allowing both activities to take place at any time. NFT owners can stake their assets at any time and earn dynamic interest.

In addition, they will have access to an unspecified number of players offering different interest rates for NFT loans. The delegator would ensure that creditors only grant access to their NFTs, not their assets. On the other hand, borrowers will have to deposit an optional number of reward tokens, depending on the pool, as collateral. The collateral will be used to offset creditors or any discrepancy between the total revenue generated during a billing cycle and the minimum allowed return. In the future, AFKDAO also plans to introduce an Oracle for NFTs and unsecured loans.

Sources:

  • Game Asset Launchpad – Get early access to profit-generating game assets at a discounted price before they hit the market.
  • Betting Aggregator – Make your betting assets work for you with automated betting strategies to win while you are AFK.
  • NFT Liquidity Protocol – Unlock Unlimited NFT Loans & Loan Liquidity with ERC-4610 Protocol

How does AFKDAO (AFK) work?

AFKDAO allows its members to create badges for early access to in-game NFTs through the in-game asset launch platform (IGO launch). The project will also give guilds and whitelisted pro gamers the ability to create their wagering pools where NFT holders can rent game assets and earn income. The AFKDAO selects and assesses all assets that are capitalized through the IGO. To ensure that only the best projects make it to the IGO, AFKDAO needs them to have growth potential, sustainable tokenomics, and the ability to continue operating even after facing security risks.

Members can purchase IGO items through Mystery Box, Auction and Fixed Price Sale. To participate, members must have an AFK badge and wager $AFK, the original token of AFKDAO. AFK badges are NFTs that represent the identity of AFKDAO members. There are five levels of badges and they provide access to various services on the platform. In addition, AFKDAO members receive royalty points, called AFK points. AFKDAO awards AFK points based on badges and the wagered amount of $AFK. The purchase of IGO items is paid. The project charges 10% of the IGO mystery box sales fees, 3% of the NFT trading fees and 20% of the NFT auction fees as service fees.

AFKDAO then takes 50% of the service charge to the Treasury and burns the remaining 50%. The Game Aggregator allows NFT holders to control their in-game assets through an interface that almost looks like a DeFi revenue aggregator with automated P2E strategies. Notably, AFKDAO has a delegation protocol, which allows anyone who owns ERC-721 and ERC-1155 gaming assets to rent them seamlessly on-chain.

By lending their assets, lenders offer borrowers access to in-game NFTs for P2E purposes without risking their loss. The delegation protocol provides for loans and low-collateralisation loans, which helps to unlock the liquidity value of gambling assets and abstract the inefficiencies of NFT lending. AFKDAO’s DAO board allows members to vote on treasury policy. This includes voting on various topics, including which games and NFTs to accept on the game aggregator and how to use or distribute the funds in the Treasury. The role of the Treasury is to monitor the platform’s assets, streamline financial allocations, maximize asset management efficiency, and bolster the Guild’s earning performance.

DAO for projects, actors and investors

  • For Gamers – Gamers can access ready-made game resources with high return potential at a very early stage. Progamers or guilds can apply to join Game Aggregator and become a real wealth manager in the Play-to-Earn metaverse
  • For Projects – Projects can launch their own game assets on AFKDAO with game-to-win strategies and guaranteed viewers that help boost the game ecosystem
  • For Investors – No Time, No Skills? No problem! Enjoy automated play-to-win strategies with a DeFi-like user experience through AFKDAO

AFK Token

The AFK token powers the AFKDAO ecosystem and allows everyone to benefit from the growth of some of the best projects in the metaverse. The total auction amount of AFK cryptocurrency is 1,000,000,000. The token will be used to create AFK badges giving access to different levels of privileges and special benefits. AFKDAO aims to become the largest DAO economy in the metaverse. The fees generated are converted into AFK and combined for incentives to increase usage and AUM.

The AFK will also be used to participate in the governance of the AFKDAO, in particular by proposing and voting on proposals related to treasury issues. The founding team of AKF DAO will manage the main responsibility of the DAO. As the community grows, $AFK token holders will rule together. The DAO must organize activities for members:

  • For regular/daily proposals: Members can vote through Discord or the website.
  • For major task operations such as asset management, incubation of new projects, project investments. Activities are managed on-chain with smart contracts and determined by member votes.
  • DAO members can vote to allow multiple asset/project subscriptions
  • DAO members can vote to authorize DAO contract trade requests
  • DAO members can vote to determine the DAO system strategy
  • DAO members vote for the $AFK token, the $AFK token is a representation of voting rights.

Where do you buy the AFK token?

The AFK token can be purchased on several major cryptocurrency exchanges, some of which are: KuCoin and Bitget.

AFKDAO (AFK) Price Forecast

The price of AFKDAO is likely to reach a maximum level of $0.0237 in 2022. According to our Crypto Price Prediction Index, the price of AFKDAO (AFK) could reach a maximum level of $0.0457 in 2023, with an average trading price of $0.0340. According to our Crypto Price Prediction Index, AFK is expected to exceed an average price level of $0.0551 in 2025.

The minimum expected value of the AFKDAO price at the end of the current year should be $0.0508. In addition, AFK can reach a maximum price level of $0.0561. The price of AFKDAO is likely to reach the lowest possible level of $0.0487 in 2030. According to our Crypto Price Prediction Index, the price of AFK may reach a maximum possible level of $0.0899, with an expected average price of $0.0677.

Conclusion

The play-to-win mechanism allows players to share in the profits of a game’s growth for the first time. Players can now turn their skills into a source of income. However, the new designs may struggle to attract real players and increase their in-game savings, while their intricate designs still keep most of the DeFi world at bay.

Many don’t have the time or just don’t know how to play to win. O AFKDAO is building a gateway for everyone to easily join the game to win, while projects can increase their savings and players can enjoy and shine. PortalCripto hopes the article has clarified everything about the AFKDAO project.

More information about AFC

* PortalCripto appreciates the quality of the information and attests to the verification of all the content produced by its team, but emphasizes that it does not make any form of investment recommendation and is not responsible for losses, damages (direct, indirect and accessories ), costs and loss of profit.

Leave a Comment