NFTs + DeFi + Gamification

The Kishu project sits at the intersection of 3 major tech trends: non-fungible tokens (NFTs), blockchain based Decentralized Finance (DeFi), and video games. Each of these trends has seen rapid growth, with the most valuable NFTs selling for millions of dollars, over $92.8 billion locked in DeFi pools as of earlier October 2021, and the video game industry also exploding to over $90 billion in revenue in 2020. Kishu stands to benefit from all three of these growing trends by creating a blockchain based game in which players earn valuable NFTs which they can then stake in DeFi liquidity pools to stake and breed additional NFTs. These NFTs will consist of cute and adorable Kishu Inu dog characters, which then engage in virtual game-play battles. Kishu participants will be able to earn unique and valuable NFTs, which they can then stake into DeFi liquidity pools to earn and create even more unique and valuable NFTs - all while engaging in our fun and exciting gameplay mechanics.

Blockchain & Cryptocurrencies

The Kishu project has been deployed on a blockchain network. At its core, blockchain acts as a way of recording transactions on a digital ledger. Computers which connect to the blockchain maintain the same copy of this digital ledger, and transactions conducted over a blockchain network are added as a block in the ledger along with other similar transactions. Bitcoin, the first Blockchain based cryptocurrency, is finding increased usage as a worldwide payments system. The algorithm used to mine Bitcoin both verifies transactions added to a new block in the ledger and checks additional transactions to prevent counterfeiting or “double spending”.

Non-Fungible Tokens

Unlike cryptocurrencies like Bitcoin, Non-Fungible Tokens (NFTs) are not interchangeable with other digital tokens. They are instead rare, unique and distinctive, and are a favorite asset for connoisseurs and collectors. NFTs have been created to appeal to various demographics of collectors. For example, basketball fans have spent more than $230 million buying and trading NFTs related to NBA players and exciting plays on the Top Shot platform. Fans of the rock band Linkin Park have been buying up NFTs featuring artwork from their vocalist Mike Shinoda. In early March 2021, a valuable NFT artwork featuring a prone image of former US President Donald Trump sold for a whooping $6.6 million dollars. That was quickly followed by a Christie’s auction of NFTs in which a new record breaking $69 million dollar work of art was sold by the renowned digital artist Beeple. The NFT market is showing explosive growth and is influencing domains ranging from sports to music to filmmaking, with many wealth managers and high net worth individuals treating them as an important new asset class.

NFT Based Gaming

One of the first major applications of NFTs was the decentralized game CryptoKitties. Launched in late 2017, CryptoKitties was a game in which players could purchase and collect unique NFTs depicting virtual cats. Holders of these CryptoKitties NFTs could then breed those virtual cats to create new CryptoKitties NFTs. The popularity of this NFT game skyrocketed through 2018, and by May of 2018, a CryptoKitty was sold for $140,000 dollars worth of Ether valued at that time. By October 2018 over a million digital cats had been bred on the CryptoKitties platform. For their collectors, CryptoKitties was not only a fun game, but also a unique way of creating valuable assets on a decentralized digital platform.

Other NFT based games have followed suit, such as the virtual fantasy soccer game Sorare in which players assemble teams based on digital player cards. Axie Infinity has laid claim to being the most popular NFT based game in which players inhabit a Pokemon based universe where they build kingdoms and battle using their unique digital pets. These games have generated a massive following by combining the exciting collector’s interest in CryptoKitties with additional competitive and strategic elements.

Decentralized Finance

Decentralized Finance or “DeFi” is the most recent Blockchain innovation taking the world by storm. DeFi platforms leverage Smart Contract based decentralized applications (DApps) to perform financial functions on blockchain. They are enabling a model of finance that isn’t managed by intermediaries like banks, brokers, or financial services firms. Most DeFi platforms facilitate financial services such as borrowing and lending at interest. Many of these projects revolve around Liquidity Pools, also known as “LPs”, which allow users to deposit cryptocurrencies while borrowing Stablecoins which are pegged to fiat currencies such as the US dollar.

For example, UniSwap, one of the most popular DeFi projects, leverages cryptocurrency Liquidity Pools to form a decentralized exchange for tokens issued on the Ethereum blockchain. UniSwap users who act as Liquidity Providers by contributing cryptocurrencies to these pools are rewarded with trading fees paid out in additional tokens.

The Kishu Game

The ecosystem will consist of different tokens, NFTs and assets that will be needed in order to participate in gameplay and the project itself will be broken up in 3 phases.

Ecosystem Tokens

Minikishu (BEP20) – This is the in game currency for the game. In order to purchase assets in the game this token will be needed to navigate its economy.

Male Kishu Breeder: Male Kishu Breeders are the first NFTs that will be released. In order to acquire a Male, a combination of staking and purchasing is required. Every male will cost .5BNB and 50MM Minikishus needed to be staked in the Male Kishu Breeder Contract. The Minikishus are locked away as long as the Male Breeder is active in the game or if retired, a Male Kishu Fighter Pup gets graduated to a Male Breeder in its place. Male Kishus arrive instantly, there is no time component for when their arrival happens.

Female Kishu Breeder: Female Kishu Breeder are the second NFTS that will be released. In order to acquire a Female, a combination of staking and purchasing is required. However, unlike their male counterparts, Female Kishu Breeders arrive every 30 days from a single 50mm stake of Minikishus, upon their arrival, 5mm Minikishus need to be paid for their release. The 50mm Minikishus need to be staked for 3 years in order to begin this process. The arrival of a Female Breeder Kishu can be accelerated by paying an Impatience Tax equal to a number of days left to arrival square times 5mm Minikishus. Aggressive players can insta-create Female Breeder Kishus this way, however, please take note that the Impatience Tax is substantial.

Example: A player stakes 50mm in the Female Kishu Breeder contract and has 30 days before his Female Kishu arrives. The player does not want to wait out the 30 days so he pays the Impatience Tax of 30 times 30 which is 900 times 5mm Minikishu – 4.5 Billion Minikishu.

If the player waited until there was 10 days left to the Female's arrival then the impatience Tax would have dropped down to 10 times 10 ( 100) times 5mm Minikishu equals 500 Million.

Male/Female Pup: Kishu pups is where the game play is at. In order to get Kishu Pups, a Kishu Kennel first needs to be established. This is accomplished by providing enough liquidity to the Minikishu/BNB pair to receive 0.5, 1 , or 2 LP tokens and then depositing it in the Kishu Breeding Contract. This will allow a single Kennel to be established for a Male And Female Kishu to breed. A kennel can be used for unlimited breeding, however only a single Male and single Female may occupy it at a time.

The minimum time a Kishu remains in the Kishu Kennel is 30 days for a Male and 90 days for a female. After 30 days of the Male and Female being in a Kennel, 0-4 pups would arrive. The base range of possible pups is determined by the Kennel they have:

.5 LP tokens 0-3 Pups

1 LP Tokens 0-4 Pups

2 LP Tokens 1-4 Pups

Pups are merely collectibles when they are first born. Players can choose to just keep them as collectibles or they can promote them to Fighter Pups. In order to turn them into Fighter Pups, they need to undergo training in Training Facility. Training last for 30 days and unfortunately, not all pups make it through training. Their chances of surviving training is based of its vitality score inherited from its parents. Training facilities also affects a pup's chances of survival, there is soft training and hardcore training. The type of training also affects the pups eventual statistics as Fighter Pup.

In the Blockchain based Kishu game, players will attain their unique collectible NFT tokens in three phases.

The Three Phases

Phase 1

In the first phase, an initial set of NFT tokens corresponding to male Kishu dogs will be launched. Only 1000 Male Kishus will be minted for this sale, and any additional male Kishus will only be created through breeding (see Phase 3 below). In order to participate in the Male Kishu sale. Users will need to lock 50MM Minikishu tokens in the Male Breeder contract. This will allow them to engage the sale contract and purchase 1 single Male Kishu. If the player wants to mint more than one Kishu then they have to lock away as many 50MM stakes as Male Kishus they are looking to acquire. The Minikishu tokens will be locked away and can only be redeemed when the Male Breeder Kishu retires and the player gives up their slot instead of graduating a Fighter Pup to Male Breeder.

Phase 2

In the game’s second phase, players will need to stake their 50MM Minikishu tokens in Female Kishu contract in order to earn unique collectible female Kishus, which are required (along with the male Kishus obtained through the initial sale) in order to breed Pup Kishu NFTs. Female Kishus are made once every 30 days for a 5MM Minikishu fee. However, the player has the option of releasing the female earlier by paying a premium equal to number of days left squared times 5MM Minikishu. All fees generated by the Minikishu contract are burned from the supply.

Phase 3

In the third phase, players will continually breed new generations of Kishu pup NFTs to improve their genetics and create even more unique and collectible NFTs. In this phase, players will also be able to use their Kishu NFTs to fight against other players’ Kishu NFTs in play-to-earn (P2E) games.

In order for breeding to begin, players must have a Male and Female Kishu and establish a Kennel. The Kennel is where the breeding action occurs. Players will stake their Male and Female Kishu in a Kennel.

In order to establish a Kennel, players must provide liquidity in the Minikishu/BNB pool. .5 LP Tokens will be required to be deposited into Breeding contract. This will allow them to establish a Kennel and place a Male and Female into it so they can begin breeding.

The male Kishus are only able to breed for 1 year before they are “retired” from breeding, but they will maintain value as collectibles and also potential movie stars. Female Kishus must be staked along with male Kishus in a “Kennel” liquidity pool for 90 days in order to breed. Female Kishus can have 0-4 new pup NFTs every 30 days, while male Kishus (along with a new pup NFT) is returned to the staker after 30 days.

Each new pup NFT will have a mortality rate and other traits determined by the parents’ genetics. For mortality rate specifically, there will be a value designated as the virality score which will determine how likely it is the pup survives childbirth. The parents’ traits will be passed on to the new pup in a random fashion (much as genetics works in real animal breeding), meaning each NFT created through this breeding process will be a truly unique collectible item. Before these pup NFTs can participate in the P2E games, they must be “trained” in another staking pool for 30 days. Not all of these pups survive training, with their survival rate determined by the same virality score mentioned earlier.