The Collective: Week in Review

‘When all seems silent, you know we are busy’

Once again, it has been a very busy week for THE COLLECTIVE team. Much work has been put into client/partnership development whilst our Dev team has been pushing forward at blistering speed with CoinRushGo.

There has also been a LOT of discussions with other Crypto-based organisations around potential collaboration and partnership which our business development and C-Level Management have been working on.

This week, the team have had a heavy hand in marketing facilitation for #KOTH, which includes the creation of a full FAQ document for its community and the organisation of a very insightful AMA with #CryptoUnited.

The FAQ can be found here, within the KOTH Telegram Community: https://t.me/kothtoken

For those that missed it, we have also summarized KOTH’s AMA with Crypto United Here:

Crypto United

Hello everyone! It is a pleasure to have King of the Hill here today to introduce and talk about their project which is the world’s first gamified NFT staking deflationary token built on Binance Smart Chain (BSC).

Let us get it started then, could you please give us a short introduction about yourself?

KOTH

Sure, so I go by Wizdaoking, I am an early crypto adopter, enthusiast and blockchain developer. Have a long history in crypto of 10+ years

Crypto United

Can you give us a short overview of King of the Hill and how the idea behind it was born?

KOTH

We like to describe king of the hill as the world’s first gamified deflationary token that accelerates deflation with a human element with staking and NFT staking. After seeing so many copycat deflationary projects we wanted to build something different, that had the components of blockchain that are leading the space, NFTs and DeFi

Crypto United

What kind of more in-depth features does KOTH bring to a regular project with “deflationary” tokenomics? How is the gamification visible to us as users of your ecosystem?

KOTH

KOTH has 3% to burns built in. So, every transaction burn 3% to burn address. We added in a “slaughter” button that allows any holder to start war between the champions top 50% of wallets and the peasants bottom 50% of wallets. Slaughter is activated at random once every 30 days and if used slaughters the peasants for 6% of their holdings, sending 3% to burn address and 3% to the champions evenly. It sounds crazy but this is where it gets interesting. Holders can stake their tokens, earning NFT loyalty shields, while staking they are shielded from slaughter. The shields can be traded or used to trade in for NFT loot box style treasure chests. So it pays to stake, and is necessary for all holders to protect them self as well as earn rewards

Crypto United

Ah, yes. I read about the “slaughter” function, and was quite fascinated by the concept of it, adds some own spice in the game. Definitely a smart way to incentivize holding.

KOTH

Yeh our first slaughter was roughly a week ago and the smart holders were staking.

Crypto United

So basically, you could protect yourself by staking which provides your NFT loyalty shields. If I buy a NFT loyalty shield off the market, does it provide me some sort of protection against slaughter, or the staking is essential here? Are there some other ways to protect oneself, except of course be on the top 50% holders?

KOTH

Buying a shield off market would allow to trade for a treasure chest. But staking is essential if you are a bottom 50% of wallets. So, you want to be staking to protect your holdings. You must keep in mind though that although slaughter does attack bottom wallets, it is deflationary, so supply goes down at same time. It almost evens itself out but does reward top holders

Crypto United

Got it! That is rather smart tokenomics to be fair. We all fancy them to be deflationary, but this gamification surely brings it one step forward. Haven’t actually heard about anything similar being on the market so far. Would you consider there to be any similar players within the field right now?

KOTH

We have not seen any other projects that allow holders to interact with accelerating deflation. Although there are similar projects such as FEG

Crypto United

So, you guys are having the first mover advantage, perfect!

I wanted to ask regarding the token burn feature per TX, what kind of portion of the tokens in the supply has been burned so far?

KOTH

We have the supply API on the website, but we have burned roughly 80k tokens!

Crypto United

Well now that I rushed us into tokenomics, could you please share some main numbers regarding KOTH?

KOTH

Yes so, we started with 1 million total supply. 500k for IDO. 50k team tokens, 200k as liquidity, 200k developments and 50k for staking. Although we are going to be dropping development tokens for long term staking and we will announce that when we do

Crypto United

So that 80k tokens being burnt is quite a large portion (8%), really incentivizes users to stake for a long term, considering the TX burn. Do you have some estimates to share how much of the active supply is currently put into staking?

KOTH

So, there is roughly 40% of the supply currently staked. We are wanting the project to stand the test of time, so we decided on the change to keep it running smoothly, especially after we launch Clash of KOTH

Crypto United

Yeah, I read it is coming up later this year. Can you in a nutshell tell what it is and how will it further put together the ecosystem of KOTH?

KOTH

For sure so clash of KOT will be clash of clans on blockchain. Holders will be able to form guilds, collect NFT swords, shields, Armor and build their fortress to attack other guilds. Development is going to run into Q3 early Q4, so I do not want to ruin the whole surprise, but it is going to be super creative and fun

Crypto United

We will be eagerly waiting. I have quite much played the Clash of Clans, being a Finn myself — eager to see how you will put it together within blockchain. Loving those names by the way, and likewise the visuals within KOTH. A well-thought ecosystem.

So, you slightly touched on the NFT Treasure Chests earlier on. What kind of features do the Unlockable NFT Treasure Chests bring? What could we as users get from them once unlocked?

KOTH

Thank you we worked very hard to get this going. So, the chest is loot box style, so you can trade it or open it. If you open it, the contents will be released, and the chest is burned. As of now there will be Arbitrary amounts of KOTH token, NFT art from well-known artists and tokens from another project.

The treasure chest is great for promotion because it allows NFT artists to get their names out there as well as promote other projects. It is a win all the way around

Crypto United

yeah, and it is a smart addition to the ecosystem considering how hot the NFTs are in general right now. One could get a Treasure Chest by purchasing a NFT loyalty shield off the market, right? Are there some other ways?

KOTH

They can get them through staking, trading or off the marketplace!

Crypto United

Regarding the staking, I have understood you have partnered with Ferrum Network. On top of that, you recently launched the VIP Staking through your website. Can you tell how do they differ from each other and what kind of advantages does the VIP Staking have? How can one be considered as “VIP”?

KOTH

So, we ended up building out our own VIP staking that was whitelisted for KOTH holders from a snapshot date, so it is filled. We did launch a 3rd party staking option with Rocket Bunny, who were kind enough to partner with us to get another option out to our holders without having to do another audit right off the bat. So unfortunately, VIP is closed off, but we do have that second option

Crypto United

What kind of APY’s could we get off these?

KOTH

So, the APY is around 80% in the partner staking atm. And is 80% for the partner staking. When we launch NFT staking, you will unlock NFTs for locking up your tokens.

Crypto United

NFT staking is something that we have not seen much before. Very eager to see more details regarding your future features to put it up even further together.

KOTH

It is going to be exciting and fun! Also profitable for current holders

Crypto United

For sure, with already so well-incentivized ecosystem for long-term holders cannot wait to see the further developments. Let’s finish the first part with a look into the future. Besides the features talked earlier, what is on the pipeline in the next months? Any plans to get listed on some CEX’s or go deeper in the DEX world?

KOTH

So, the plan is to roll our leaders boards and tiers and status NFT character cards this month. The character cards can be claimed for reaching certain holdings and ranks within KOTH. In May we will be rolling out NFT shield staking and June we will be Rolling out the custom treasurer chests. So, a lot to look forward to in the coming months. As far as another exchange we are talking with a top 20 CEX about listing, but are still working out the details to make sure slaughter and deflation can still affect holders

Crypto United

So, lots to come even in the near weeks?

KOTH

For sure are working very hard to get everything out and will have any contract audited before release

Crypto United

Yeah, I read that KOTH passed an audit with Solidity Finance earlier on — glad to see you are doing it with all the upcoming steps within the ecosystem!

Telegram: https://t.me/kothtoken

Telegram Ann: https://t.me/KOTHNEWS

Website: https://www.koth.finance/

Twitter: https://twitter.com/KothToken

Crypto United

All right, thank you. I think we covered most of the basics here. You certainly have it all thought through. Would you have something that you would like to share before going into the community questions?

KOTH

Yes sir! Just want to say that our team is working every day to bring KOTH to life! Holders do not need to worry as we are here for the long run!

About THE COLLECTIVE

Roadmap: https://www.thecollectivegroup.org/#roadmap

White Paper:
https://link.medium.com/ndeVEN9FGdb

Website:
thecollectivegroup.org

Twitter:
https://twitter.com/TheCollectiveGo?s=09

LinkedIn: https://www.linkedin.com/company/the-collectivego

Medium:
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Bitcointalk: https://bitcointalk.org/index.php?topic=5115827

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CoinrushGo Game:
https://t.me/TheCollectiveCommunity/121757