Kyoko’s Cross-Chain Asset Lending Platform Testnet Event Is LIVE!

Kyoko Community and Partners, we’re excited to announce that GameFi’s first cross-chain asset lending platform has finally arrived! Alongside this, we’ve put together a testnet event that will have everyone excited to test the platform for themselves!

At a glance:

  • Kyoko’s cross-chain asset lending platform allows guilds and players to monetize their unused in-game assets, while newcomers can play games and earn income more easily than what’s currently possible. Read more in our Gitbook.
  • Kyoko partners that are listed on our Game Connect and Guild Connect can join the first batch of institutions to experiment with GameFi’s first cross-chain asset lending platform. Benefits include: community promotion, platform fee waivers, increased listing visibility, contract loophole rewards, and bug bounties.
  • Kyoko community members can join the first batch of gamers and traders to experiment with GameFi’s first cross-chain asset lending platform. Benefits include: contract loophole rewards, bug bounties, and 350,000 $KYOKO token share.
  • We’ve put together a guide specifically tailored to Kyoko’s cross-chain asset lending testnet platform. Follow along, here: Kyoko’s CCAL testnet platform tutorial.

About Kyoko’s Cross-Chain Asset Lending Platform

Earn BIG at a fraction of the cost in CCAL

Guilds and players need a solution to maximize the utility of their idle in-game assets while also having the ability to borrow new game assets and earn more income. Kyoko’s cross-chain asset lending platform (“CCAL”) allows lenders to list game assets across different blockchains on a single platform, while guilds and players can borrow their desired NFTs to enter new games at a fraction of the cost.

Similar to the Kyoko P2P lending platform, lenders can list their in-game assets, customize cash deposits, lending rates, and lending period. Borrowers can use the Kyoko cross-chain asset lending platform to find and rent the in-game assets they desire. Once the lender and borrower reach an agreement, the Kyoko platform will automatically execute the transaction and carry out the exchange.

With Kyoko’s cross-chain asset lending platform, guilds and players can monetize their unused in-game assets, while newcomers can play games and earn income more easily than what’s currently possible.

Read more about Kyoko’s cross-chain asset lending platform and its example use cases on our Gitbook, here.

Kyoko’s CCAL Platform Testnet Event

We’ve dreamed up a CCAL testnet event that should leave P2E games, guilds, and players whetting their lips to join. Read on to learn about the benefits to joining Kyoko’s CCAL bug bounty and testnet campaign:

For Institutional Partners

Kyoko partners that are listed on our Game Connect and Guild Connect can join the first batch of institutions to experiment with GameFi’s first cross-chain asset lending platform.

Not a Kyoko partner yet? Reach out to us at partnerships@kyoko.finance or DM a community manager in the Kyoko Discord.

Our institutional partners who join our testnet event will be eligible for the following benefits:

  • Community promotion. Kyoko will co-sponsor events and promote partner projects in the Kyoko Discord. Partners will gain additional visibility in a community of highly-related P2E gamers seeking the newest opportunities in GameFi.
  • Platform fee waiver. Partners that test Kyoko’s CCAL and inform the team will have their wallet addresses placed on a whitelist that will have ALL platform fees waived for 3 months following the CCAL platform’s official public release.
  • Increased listing visibility. Partners that participate in Kyoko’s CCAL testnet event will receive additional credibility and visibility with a ‘Verified ✅’ on their product listings after the CCAL platform’s official public release.
  • Contract loophole rewards. Any loopholes found and verified in the contract will be awarded up to 500,000 USDT. Specific bounty amounts will be subject to Kyoko developer team determination.
  • Bug bounties. For any additional bugs caught and reported by partners will be rewarded with a bounty valued at up to 10,000 $KYOKO (paid out in tokens or a cash+token combination), subject to Kyoko developer team determination. Bug bounties have a maximum total reward of 10,000 $KYOKO tokens.

For Kyoko Community Members

Kyoko community members can join the first batch of gamers and traders to experiment with GameFi’s first cross-chain asset lending platform.

Community members that join our testnet event will be eligible for the following benefits:

  • Contract loophole rewards. Any loopholes found and verified in the contract will be awarded up to 500,000 USDT. Specific bounty amounts will be subject to Kyoko developer team determination.
  • Bug bounties. For any additional bugs caught and reported by community members will be rewarded with a bounty valued at up to 10,000 $KYOKO (paid out in tokens or a cash+token combination), subject to Kyoko developer team determination. Bug bounties have a maximum total reward of 10,000 $KYOKO tokens.
  • $KYOKO token share. Kyoko has allocated approximately 350,000 $KYOKO tokens as rewards for the CCAL testnet event. All participants that complete the lender+borrower process will equally share the remaining tokens after bug bounty rewards have been subtracted from the pool.

How to Use Kyoko’s CCAL Testnet

We’ve put together a guide specifically tailored to Kyoko’s cross-chain asset lending testnet platform. Want to join the testnet event? Follow along, here: Kyoko’s CCAL testnet platform tutorial.

Keep in mind that any institutional partners who want to enjoy platform fee waivers following official platform launch will need to provide the wallet addresses that were used in testing to a Kyoko team member. These wallet addresses will be placed onto an official whitelist upon launch.

That’s about it for now, Kyokoans. As always, contact the Kyoko team or mod team within the official Kyoko Discord with any questions or feedback. Happy testing!

About Kyoko

Kyoko.Finance is a DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players. Kyoko’s DAO-to-DAO lending offers liquidity to promote Web3 development, while its guild-to-guild lending, P2P NFT lending, and cross-chain asset lending platforms aim to solve the most pressing issues challenging the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains. Kyoko’s metaverse will also allow Guilds to display their history, progress, and other accomplishments, while players can connect with others in a world that can be built in, developed, and sold off.

Follow Kyoko at the links below to stay up to date on upcoming events, releases, and news.

Website | Twitter | Telegram | Announcements | Discord | Gitbook

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