👑The Kadena King/Kween NFT
The Core Asset NFT of the KDAbet excosytem
Last updated
The Core Asset NFT of the KDAbet excosytem
Last updated
Kadena King or Kween NFTs are the fundamental asset of the KDAbet protocol. When minted, whichever wallet that holds the King NFT awards it the capability to to access a key part of the KDAbet protocol smart contract which contains the proceeds of the casino/sportsbook take which is commonly called the "hold" and builds up into a "vault".
, the hold is divided into a "kingpool", which is pure profit that is distributed amongst the king holders (whose work product derived the capital) and the "treasury" which is an amount of accruing money that is held back to pay for the protocol's operations.
The Kadena Kings NFT has a maximum amount of 500 allowed nfts in the collection. This number cannot be changed.
The Kadena King is specifically designed to attack an underserved vertical in the sports betting industry called the affiliate market. Sports betting operators almost always offer a program where the affiliate betting firm can sign up and send traffic to the operator via:
Website links
Social media
Email marketing
SEO
Offers and Discount marketing
And for each conversion, realize a fee.
The Kadena King embeds these functions inside the NFT and enriches the King holder for their work product towards building out a more diverse and sizeable digital betting network. Furthermore, the notion of leaderboards and tournaments are gamified within the protocol via a subsidiary mintable NFT called the "Kadena K:night" in order to create a richer social atmosphere and competitive groudwork for growth.
Only Kadena King wallets that hold the NFT may mint K:nights.
All Kadena Kings are voter holders in the KDAbet DAO as explined in the previous topic and ultimately contribute to the evolution and direction of the betting protocol.