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Play, & socialize to earn on Knoknok

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Knoknok is a decentralized mobile play-to-earn and socialize-to-earn platform where users can create their own SPACEs, monetize their gaming and social interactions, and get KKC tokens, which serve as the primary utility currency of the Knoknok metaverse. 

Overview

By leveraging blockchain and NFT technology to create a decentralized platform, Knoknok is exploring a more creative way to transform the conventional mobile gaming and social model in the Web 3.0 era. Knoknok will allow social users, gamers, and creators to participate and receive rewards for their efforts.

Since its launch in April 2020, the app has served more than 2 million users, primarily from Southeast Asia, the Middle East, Europe, and North America, with the Philippines accounting for about 50% of its usage.

Knoknok users get access to a social SPACE and a free and open online game. Users can also create and share their personal relationship networks on the platform hinging on the site’s multi-person interactive Real-Time Communications (RTC) technology.

With Boz Wang as its founder and CEO, Knoknok aims to attract regular mobile users in addition to becoming a game and social metaverse for blockchain gamers. The developers are establishing a circular economy for all users (players, creators, and NFT owners) interacting on the platform and earning KKC token rewards as revenue through the use of tokens (KKC, EKC), as well as NFTs (SPACE, Cute ELF, and ELF Egg).

Gameplay

Currently, Knoknok has four mini-social games available, and it intends to introduce between two and three casual gamesmonthly, with progressively more game categories.

Knoknok’s mini-social games’ main features are as follows:

  • both a single-player adventure mode and a 2–8 player multiplayer PVP game are supported. RTC technology enables participants to converse with one another, ensuring player authenticity and enhancing the in-game experience.
  • The game types include combat, card games, strategy games, action adventures, sports games, and more. There are no restrictions on the kinds of mobile games, which enables the platform to support a range of preferences for various gamers. Additionally, other mobile game developers can create and publish games on the platform, earning KKC tokens in the form of revenue sharing.
  • It takes 3-5 minutes to complete one mini-game. This allows players to play the game during short bursts of time, which significantly boosts their willingness and frequency to play over time.
  • Winning players will receive KKC tokens as a reward at the end of each game.

Based on the following game types, gaming incentives and player involvement requirements are divided:

 

Game Modes

 1V1 practice match

  • Free to practice and play
  •  No token is awarded.

Standard 1v1 game

  • Players are matched in a 1V1 skill-based tournament according to their ability level.
  • The winner’s prize will be calculated based on both players’ scores.
  • Each player will need to use KKC tokens to pay an entry fee, and the winner will receive all of the KKC tokens.
  • The platform charges up to 20% of the costs associated with hosting and arranging each game as the prize pool, which is made up of the entry fee of KKC tokens paid by both players.

Public contest

Competitions based on skill and time-limited tournaments for numerous players of all skill levels. 

  • The scoreboard will display each player’s rankings during the competition.
  • To enter the competition, each player will have to use KKC tokens to pay a fee.
  •  The prize money, which is sponsored by the Knoknok platform or other event hosts, will go to the top 12 players.

Sponsored Contest

  • Limited-time events and skill-based competitions open to participants of all skill levels.
  • The scoreboard will display each player’s rankings during the competition.
  • There is no admission cost for players to take part.
  • The top 12 competitors will share in the prize pool, which is funded by a third-party event host or operator.
  • For sponsored tournaments, additional bonuses are provided in the form of limited NFTs, virtual tickets, or real physical prizes.

In-app Networking 

Knoknok has created a text and voice interactive chat room that supports up to 15 individuals in real-time by fusing existing Real-Time Communication (RTC) technology and blockchain-based technology, and an option to play in a range of interactive games while in the room. Users can create decentralized social networks where they can host chat rooms, share contents, maintain relationships and invite new users from anywhere in the world. They can also meet and communicate with friends in a realistic virtual 3D space using the RTC technology.  Members will also receive KKC tokens for engaging in social activities such as starting and running a chat room, exchanging material, preserving connections, inviting new users, and other activities. The table below shows the breakdown of the remuneration process. 

Key elements of Knoknok

SPACE

SPACE are ERC-721 assets that stand in for units of space in the Knoknok metaverse. Users and players who purchase SPACE own their personal SPACE in the Metaverse, where they can add and share information like NFT assets, favourite gameplays, chat rooms, video channels, and more. 10,000 SPACE can be purchased in the Knoknok metaverse as a whole. Owners of SPACE can make changes to and use their personal SPACE in any way they see fit, earning them money in the process. 

Cute ELF NFTs

Cute ELF is a blockchain-based ERC-721 NFT created to offer play-to-earn and social-to-earn experience. The Cute ELF NFTs have three guiding principles:

  • True Digital Ownership
  • Play and Social-to-Earn
  • Decentralization

There will be a maximum supply of 5,000 Cute ELFs with the first set made available on Aptos NFT Launchpad Bluemove with over 100 of them being given out as whitelist spots out of the 2,793 items. With Cute ELF, players may join exclusive competitions, carry out unique social activities, upgrade their Cute ELF, trade and sell Cute ELF, and earn more tokens as they explore the metaverse.

There are numerous ways for cute ELF owners to increase their KKC income, including:

  • Play quick arcade games on the app.
  • Join or run a chat or audio room.
  • Take part in notable live events

Owners of Cute ELFs can also gain access to exclusive new features in the Knoknok metaverse, including:

  • Exclusive Game Tournament: holders of a Cute ELF get to participate in exclusive game tournaments. KC tokens will be used as the jackpot pool for the games, and winners will be selected based on leaderboard rankings.
  • Exclusive Social Tasks: players who own a Cute ELF can get to participate in exclusive social tasks and earn a bonus as a reward.
  • Betting: Owners of cute ELFs can win token rewards by placing bets on other players. The amount of money that can be wagered will have a time restriction, and the rules will be made public before each betting game. The first betting game will launch in 2022 Q4, and successive betting games will award payouts totaling $1 million in KKC tokens.
  • PVP battle game: Owners of Cute ELFs have a choice between competing against other Cute ELFs directly or training their Cute ELFs in the practice arena (single-player experience). The Knoknok team will create the PVP Battle Game, which will debut in 2023.
  • Breeding: Cute ELF can breed ELF eggs and create new elfs with random features.


Tokenomics

The Knoknok virtual world’s digital currency is the KKC token, an ERC-20 utility token. Users can access, trade, earn, and govern on the Knoknok gaming social network using KKC tokens. KKC tokens, for instance, can be used to buy SPACE or other in-game digital objects, take part in tournaments, buy and upgrade gaming characters, etc. In addition, holding KKC tokens grants users governance powers, which include making recommendations, voting on important choices about the project roadmap, new game material, extra social features, setting up prize pools, and funding other initiatives within the Knoknok ecosystem.

KKC’s initial circulating supply is set at 200,000,000 KKC, a 20% of the overall supply, which is fixed at 1,000,000,000 KKC. KKC tokens will be unlocked at a predetermined schedule that lasts for 36 to 60 months from the public sale.

 

 

Roadmap 

Since inception till date, Knoknok has attained some significant milestones. In April 2020, Knoknok was launched targeting gen-Zs in Southeast Asia, Europe and North America. Between 2020 and 2021, the platform was able to release a real-time video chat room application and also unlock mini party game features. Within this particular year, a total of 1.5 million users was recorded with 80,000 daily users. 

In April 2022, two years after its debut, Knoknok launched its official metaverse website, launched its KKC and EKC token and listed them on uniswap and also launched its Cute ELF NFTs on OpenSea and minted the first set. It was in this same period Knoknok released its metaverse whitepaper and roadmaps. 

In the Q2 of 2022, Knoknok became part of the web3 ecosystem. It also launched its Dapp and commenced internal testing. In 2022’s Q3, it completed its seed round of financing, it recorded its first anchor card and membership card NFT sale. The seed community accumulation also took place during this period.  Knoknok launched its stream to earn in the Q4 of 2022 as it also explored more socialfi scenarios. 

After reaching these significant milestones, there are other already set milestones that the developers are working towards.

For the Q1 of 2023, Knoknok will launch its Staking services, launch the social battle game and also launch wallets and decentralized markets. In the Q2 of 2023, the platform has planned to launch more battle games and also publish advertising platforms. In 2023’s Q3, Knoknok will launch a Knoknok DAO thst will  allow token holders participate in major decision-making processes. For the Q4 of 2023, Knoknok will start the sales of SPACE NFTs and allow users to create their own personal 3D spaces. It will also open technology ecological cooperation. 

Between the Q1 and the Q2 of 2024, Knoknok will build a creator ecosystem and for the Q3 and Q4 of 2024, a it will build a dApp developer ecosystem. 

For its future plans, Knoknok envisions to build the largest social and game open platform in the web 3 space. Knoknok aspires to be an open and decentralized platform in the future, administered by a DAO (Decentralized Autonomous Organization) where important decisions will be made by all Knoknok community members.

Read Also:

Why liquidity from 2021 is enough for Web3 start-ups to build through 2023

All you need to know about Binance rules on NFTs

 

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