Kollect cryptocurrency is a card collection game based on blockchain enabled by NFT technologies.
Blockchain-enabled non-fungible token (NFT) technology has made many applications possible. This includes introducing online assets that users can uniquely and exclusively own. Among these initiatives is Kollect, a protocol that aims to provide users with a profitable option to earn and market collectible digital items.
In this article, we will discuss:
What is Kollect (KOL) token?
Kollect is a blockchain-based card collecting game powered by NFT technologies. The project's goal is to reach the multibillion dollar digital collectible card market. Through a gamified mechanism, users can also be encouraged and rewarded by collecting different cards.
Kollect has a native card marketplace where users can trade with each other. These cards can also have different attributes that can affect their price as well as their rarity. Also note that these digital collectibles remain exclusive only to those using Kollect.
Kollect allows its users to not only trade with other collectors, but also synthesize their existing cards to acquire new cards that will have greater rarity and value. As users play, they also earn more in rewards, which they can take advantage of to get rare card slots. This gives them a chance to complete their book collection.
In addition to these mentioned steps, users can also burn multiple cards if they want to get a card with more rarity. These cards may have a higher value than the more common cards available on the platform.
There are two types of collection books that users can access through the platform.
public collection books
Public collection books are available to all users, allowing them to compete in claiming available book slots. There are also secret recipes that users can tap to mint hidden cards that can be added to the collection book, including necessary upgrades and synthesis of their existing cards.
private collection books
Books in the private collection are only available to the owner. Users who have completed their collection books can also be rewarded with more tokens.
Characteristics of the Collection Incentive System
First, users are rewarded by the platform for their participation by charging cards. These rewards come in the form of the protocol's native token. Collectors also have the option of purchasing packs of cards they will need to complete their collection books.
Card packs can be opened by users and once they do, those cards become theirs. NFT technology allows these cards to be unique and exclusive only to the cardholder. They can add these cards to existing collection books, public or private, in order to contribute to the ecosystem.
These contributions are evaluated and rewarded accordingly. From there, users can resume their collection once more and continue to contribute books in the collection for rewards.
NFT Projects and Kollect Token Games
world of cards
'World of Cards' is a Play to Win card battle in which anyone who has cards published by Kollect can actively participate and fight each other. By simply playing 'World of Cards', users will receive hidden Tokens and NFTs as a reward.
Licensed IP Project
The Power Ranger series is turning into a collectible digital card at Kollect!
The first Power Ranger series we present is the Zyuranger. Buy a pack of cards and open it to get several collectible digital cards. Negotiate with other collectors to obtain the desired card and complete the collection book.
Original IP Project
Collect all the adorable dumplings and slime from Dumpling Empire vs Slime Kingdom in Kollect!
Dumpling Empire vs Slime Kingdom is Kollect's first original IP collection. You can create your muffins and slime to discover a new kind of them. Earn the rewards while having fun collecting adorable cupcakes and slime.
Who Created the Kollect Token cryptocurrency
Kollect is an NFT platform developed by experts in art, business and cryptocurrency who seek to provide a unique and rewarding experience for users who want to get more digital collectibles. Its founder, Vincenzo Lee, is a well-known intellectual property and gaming expert who is also a director of Skyberry Entertainment and former vice president of YD Online's global mobile business unit.
KOL Token
The KOL token is the platform's native token. It can be used for various purposes, such as a means of exchange, payment of protocol transaction fees, stakeout, among others.
Voting Functions
The KOL token is required for users to participate in platform governance functions. This allows them to participate in voting mechanisms that allow them to take part in community decision-making. These are issues relevant to protocol parameters such as intellectual property collaborations, collection book themes, and real-world salvage assets, among others.
Stakeout and platform activities
The KOL token can be used to bet on a specific card, giving them more opportunities to earn rewards in exchange for keeping their collection. Activities such as opening new packs, trading collectibles, burning cards, and synthesizing one's own digital collectibles also require the user to have KOL tokens.
Exclusive benefits
The KOL token gives holders the privilege to access exclusive and early access benefits on the platform. These are advantages such as early unlocking, drawings and obtaining exclusive Kollect cards.
road map
The protocol developers vision covers a unique and rewarding experience for users participating in card collection, book completion, trading and community governance. The platform is not quite finished yet and there is still more to come for new users. The team behind Kollect is working on introducing more games, its own AR/VR library showroom, and a metaverse.
The platform is currently planning to launch a Telegram community group where interested users can ask more about the team's existing plans and programs. Recent introductions to the platform are card packs like the Power Ranger: Dinosaur Squadron Beast Ranger series, but there will be more in the future.
If you want to see how the platform works, the Kollect Beta teaser is now available for the public to use. This gives users the opportunity to see how they can contribute to the NFT ecosystem globally.
Conclusion
There are many collectible digital apps in the blockchain space today. This is a benefit brought to market by NFTs. However, the question for many of these apps is how they can reach a broader market than their competitors, as well as their unique value to users. Kollect is relatively new and is still under development. We still have a lot to know about the project, but the mechanics behind the team's work are solid.
The prospects for the project are positive because it aims to arouse the interest of those who are already curious to know how they can gain more from the NFT space. One of the platform's advantageous attributes that can attract newcomers is its focus on intellectual property rights, ensuring they own NFTs that may also have more value in the future.
