Over the past few months, KardiaChain has witnessed the biggest expansion in our KAI ecosystem, with the existence of some of the most promising KRC20 projects and ideas on our network. Amongst them, one of the biggest stars that are creating a craze within our community and attracting a lot of attention from others is BecoSwap - the Runner Up of our KardiaChain Pioneer Program.
In this new series of Eco Spotlight, the first issue will be dedicated to giving all of our KAI and BECO users a look back at the journey to the top of DeFi Platform BecoSwap.
The Runner-Up of KardiaChain Pioneer Program
As mentioned above, BecoSwap was one of the candidates who participated in our KardiaChain Pioneer Program in April 2021 with an attempt to diversify our ecosystem. BecoSwap provides the solution to build up YIELD Farming, AMM Swap, Launchpad, and NFT Marketplace for all users on the KardiaChain network. And at the time of writing, they have successfully delivered their value propositions since the official launch in June 2021. Within a month, their Total Value Locked across all liquidity pools has reached up to $20 million.
BecoSwap in a nutshell:
- BecoSwap is taking 0 fees on the reward whenever users join the farm.
- Maximum rewards for Beco Stakers. The BECO-KAI pools will earn a reward 40X compared to other pools.
- The Overflow method of distribution when hosting the IFO (Initial Farming Offering). Anyone can earn the token fairly according to their distribution to the pool.
- Utilized by the near-zero gas fee transaction from the KardiaChain network.
BecoSwap’s achievements so far
As yield farming is BecoSwap’s speciality, their accomplishments are focusing on how to make an IFO reach the best achievements possible. And here are some of the spotlights.
SleepEarn, or SEN, is the first KardiaChain yield optimizer and plays an essential part in enhancing the process for everyone taking part in field farming. SleepEarn Finance is a decentralized Yield Optimizer platform on KardiaChain that allows its users to earn compound interest on their crypto holdings in a seamless manner.
$SEN tokens are ‘dividend-eligible’ revenue shares in SleepEarn Finance, through which holders earn profits generated by SleepEarn Finance and are entitled to vote on important platform decisions.
For all the vaults deployed on every blockchain, SleepEarn Finance has its native governance token $SEN at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $SEN.
Just in 24 hours, SEN achieved a TVL of $4 million, $1.5 million market cap with approximately $1 million volume on KAIDEX.
Kephi Gallery IFO
Kephi Gallery was the Champion of our Pioneer program. Kephi Gallery is a marketplace where artists from different disciplines can get together and share (and monetize!) their work. From visual arts to music, from movie clips to even theatre, every artist is welcome to mint their NFT and start trading their pieces of art.
More importantly, building on KardiaChain gives Kephi Gallery undisputed advantages of low fees to bring in more artists in multiple fields such as fine art, music, and even movies to share their works and earn graciously.
More into Kephi Gallery and BecoSwap's partnership:
The 1st and 2nd place winners have a really tight bond that leads to many successes in the KPHI IFO.
A quick summary about the statistic they have gained:
- KPHI subscribers up to 2154% in the unlimited sale and 330% in the basic sale
- Price went from 0.1 $KAI when listed to ATH at 8.4 $KAI under a week on KAIDEX
- 371.891 $BECO has been burnt for KPHI IFO
Read more about the KPHI IFO here:
With such momentum, the team finally launched the BecoSwap NFT marketplace in early August with overwhelmingly positive reception from the community. From now on, everyone can easily create a profile to upload their own artworks - including but not limited to digital visual arts, music, gaming, sports and other forms of digital collectibles.
Moreover, the Beco Marketplace is more of both a functional and social platform for everyone. Everyone can join in to directly mint NFT, bidding, buying NFTs from others, and even connect with artists for both transactions or commissions as per their reference.
More information and guidelines for the NFT marketplace:
And with a great sense of humour, there was an NFT meme designing contest for everyone to contribute a bit of joy into the world that actually would create value.
Last but not least, to catch up with the GameFi trend, BecoSwap is now in collaboration with another former candidate in the Pioneer Program, Cyforce to create the Idle game, Kripto Galaxy Battle, aka KABA.
KABA is developed by Cyforce — a game studio that has developed tons of wonderful games, the game studio with more than 100M+ installs of their game applications on Google Play and App Store. Cyforce has been developing exclusive Stickman game titles for OneSoft Global — the international—scale game publisher behind Falcon Squad, 1945 Air Force, Emoji Block Puzzle, and lots more. 50+ launches, 300 mil installs, and 5 mil daily active users.
The game collaborates with BecoSwap to develop the infrastructure and economy, which facilitated further development in Defi, for example, farming, staking features, or even the NFT marketplace.
On 31 August 2021, with BecoSwap experience, they once again had a successful IFO with impressive statistics:
- Kripto Galaxy Battle IFO is currently more than 13X oversubscribed.
- $4 million were committed.
These are just the highlights of BecoSwap’s first phases including some of the best projects on the platform. There is a line of many innovative and potential projects waiting to one day see the light and bring even more diversity to the KardiaChain ecosystem. The best is yet to come, and it is closer than ever.