🔥KlayDAO Economy
Last updated
Last updated
The KlayDAO Coin (KSO) is an KIP7-compliant cryptographic token that can be traded on the Klaytn blockchain just like Klay. It is both a KlayDAO platform currency and an independent store of value for players and investors alike.
To tackle the KlayDAO Coin value fluctuations, game developers will configure the sales prices of their NFTs in USD. KlayDAO will pull the latest USD value of KlayDAO Coin from its internal coin exchange and provide the USD to KlayDAO Coin conversion rate to smart contracts, in real-time. In this way, USD prices set by content providers can be converted in KlayDAO Coin automatically at purchase time
In other words, an NFT that costs $50 will always cost $50; however, the number of KlayDAO Coins required to complete the transaction on the blockchain will fluctuate according to the latest KlayDAO Coin market price.
While KlayDAO's platform and the Marketplace will offer both KlayDAO Coin and classic payment options, all transactions will ultimately be executed using KlayDAO Coins.
Payments via traditional methods like a credit card, PayPal, etc. are automatically and transparently converted to KlayDAO Coins (by purchasing them from coin holders) which are then used to complete the transaction.
One of KlayDAO’s core user experience philosophies is to provide players diverse ways to easily and instantly earn KlayDAO Coins.
Opportunities to earn KlayDAO Coins include:
→ Referral of players → Participate in betas → Watch advertisements → Trade digital goods → Participate in our rewards program → Report bugs → Write reviews → Share content on social networks → Compete in contests
