KCG Proposal (Kogecoin Community Gaming)

The following proposal is from Amana, a Koge community member independent from the KogeFarm team (whose identity is not known by the KogeFarm team/any potential KogeCoin multi-sig holders). This is an important initiative/decision as the requested funding is roughly equal the entire DAO fund (3 million KogeCoins) at current market prices.

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Hi Kogecoin community.

There’s so much opportunity in the rapidly growing Crypto Spaces; Metaverse, Defi, and GameFi. It's far too easy to get overwhelmed.

This is a proposal to Kogecoin DAO and community to fund a fun, self-sustainable way to increase the Kogecoin vault apy/burn-rate, and position kogefarm to be able to branch into emerging crypto sect; GameFi and Metaverse.

Crypto and gaming are becoming increasingly synergized with the release of new AAA crypto play-to-earn games constantly washing up, the crypto gaming industry is expected to reach $10 trillion by 2030. The demand for ‘ways to make money playing video games’ and ‘ways to make money online’ grows exponentially every year.

I propose opening a Community Gaming tab on Kogecoin.io where community members and the crypto gaming industry can host private tournaments with their favorite skill-based competitive video games.

With the roadmaps of future p2e games in the make looking optimistic, and continuing releases from the AAA play-to-earn gaming industry aswell as the *innovation coming from within the community and Kogecoin team, imagine the demand for our deflationary asset Kogecoin, if users of KCG (Kogecoin Community Gaming) wanted to further their gains by providing liquidity and/or depositing their LP through our platform.

-*innovation like single sided LP (and talk of kogecoin-only deposits on kogefarm.io)

If you know anything about the gaming industry, you probably know our ideal host would be Twitch/YouTube streamers with a large audience able to easily host 100+ player battle royal style matches, but I myself play Zombie FPS games with 4 player lobbies as well as BR.

In the way I envision KCG, Users would be able to easily host small to large private, decentralized tournaments though Kogecoin.io.

There are some exciting Play-to-earn games that are on and coming to market, with coins that kogefarm.io could provide a place for gamers to earn % on their p2e and metaverse coins they plan to hold.

The host of the tournament will be able to select which game they’re hosting, the prize pool size, admission/entry ticket price, and decide the rules.

Below you‘ll find basic user functionality and smart contract functionality that would be used to maintain the trust-less user experience and tokenomics KCG is proposing.

USER FUNCTIONALITY

Users should be able to:

-Deposit their entry ticket in Dai/USDC into the “tournament pool”. (for free games they just pay gas fee.)

-Withdraw from the pool if host selects a winner and/or tournament players vote a winner

-Host a tournament

-Vote on a winner

Hosts should be able to:

-Optionally add jpeg for Tournament listing

-Input game their hosting

-Input private match link/code

-Input how many players/amount of tickets for sale*

-Input how many teams in the tournament

-Select the winner

~With the rest of the pool able to vote by agreeing or disagreeing with the hosts selection. This voting period will be set on a 3 minute timer.

SMART CONTRACT FUNCTIONALITY

KCG prize pool smart contract should be able to:

-Require host to stake 1000 $Kogecoin or 10,000 $KCG per game hosted, when hosting more than one game.

-Require connecting discord/social to wallet address to participate in voting.

-Reveal or send host’s private match link/code after a user deposits Entry fee into the tournament pool.

-Count votes, on a 3 minute voting window.

-Select winner in favor of votes if voted differently then host’s selected winner.

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The data below defines the tokenomics and the strategies KCG will use to create demand and utility for Kogecoin, as-well as position Kogefarm perfectly to provide services for the GameFi space:

There is a 15% Protocol tax on the prize pool players deposit into to get credited as a player in the tournament, as well as a 1% fee from the total prize pool

-Deposit 84% of Prize Pool funds in USDC/Dai into the winner of the Tournament’s wallet.

Deposit 1% of every prize pool into KCG Dao finance wallet ( in stablecoin ) to distribute to developers for 1 year; Contingent upon being able to complete the project, as-well-as host and continue regular updates as per KCG Dao request, for at least the lifetime of the year. (After the year, the funds will be used to continue the marketing, development, and expenses of KCG, as well as continuing supporting the innovation and development of community proposed GameFi projects. This philosophy allows Kogecoin Dao to focus funding on Defi related projects and development.)

The other 15% of the prize pool will be distributed as so:

• 75% of this tax will be swapped into KOGECOIN and deposited to the Kogecoin contract address: 0x13748d548D95D78a3c83fe3F32604B4796CFfa23

• 20% of the prize pool tax goes to the host of the game in Dai/USDC, as an incentive to hosts and community members to continue hosting continuous tournaments on KCG

• 1% in Dai/USDC to Kogecoin DAO to reimburse initial investment and continue funding community projects 0x4A170561126a1D765A6B80a081dB639945a8b53b

• 2.5% swapped to Kogecoin and deposited in KCG Dao Bank Vault to hold until kogecoin price climbs back above its all time high. 0xbdce06e615ed13c8237853cd5d60c032846f7f8c

*KCG Dao Bank Vault: $KCG holders can propose how to use these funds once this predetermined all-time-high requirement is met. This also backs KCG’s value as a kogecoin utility until then.

• 1% lifetime dev royalties.

• 0.5% swapped to Kogecoin and deposited to KCG founder.

These tokenomics for the Community Gaming tab create an incentive to lock up kogecoin to earn from tournament tax AND Kogefarm.io revenue, bridging the gap between Defi, GameFi, and traditional gaming.

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KCG Dao is founded on kogecoin community grounded principles: After the launch of KCG, KCG Dao will be airdropping 800m $KCG; 80% its native governance token to all wallets that hold Kogecoin up until the Polygon/Matic block time-stamp that is closest to the time-stamp of the posting of this proposal.

The token distribution will be as follows:

1,000,000,000 $KCG:

800,000,000 $KCG - Community 80% - Airdropped to holders of Kogecoin and/or vKogecoin. (Currently sitting in Bank Vault/Contract address)

50,000,000 $KCG - Marketing 5% to KCG Finance wallet for future marketing. 0x00fe9bc2ee7b7fd978cfcee3d1ea4d444f2abf36

50,000,000 $KCG - Founder 5% to Founder and first year Project Manager.

50,000,000 $KCG / 2 - Developers 5% for developers

50,000,000 $KCG - Locked in KCG Bank Vault 5% to *KCG Bank Vault to hold until Kogecoin climbs above its all time high. KCG holders can propose what to do with funds after the requirement is met. 0xbdce06e615ed13c8237853cd5d60c032846f7f8c

*KCG Dao Bank Vault: $KCG holders can propose how to use these funds once this predetermined all-time-high requirement is met.

The KCG Dao permissions are primarily going to be managed by the founder for the majority of a full year, while slowly giving Dao permissions to the community through governance voting.

You can check out what permissions KCG Dao is set to and current holder balances @ https://client.aragon.org/#/kcg/ (Use desktop view) .....

Hosts and the Kogecoin community alike can benefit by generating an uncapped income by Hosting Tournaments with KCG.

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Timeline and Budget

-Project Budget $8k Development + $5k audit

-Project Timeline Est. 5-8 weeks

Budget Timeline/Roadmap:

$13k Total Funding

$5k Funding for Audit ~The audit funding will be directed by the KogeCoin DAO. Kogecoin Dao has relationships with auditors that they can connect us with, and they can have their multisig pay them directly. ($5k)

The Kogecoin Dao should have 7-14 days to transfer the amount in Kogecoin to KCG Dao finance wallet. The finance wallet will be goverened by Amana, the KCG Developers and a Multisig holder from Kogecoin Dao (M.sig; $KCG will be minted to your wallet, then burned after the launch. Burn/mint settings & permissions will be unassigned after launch, capping $KCG at 1 billion tokens.) …..

A copy for KCG source code will be given to a KCG multi-sig holder after the launch of KCG.

Dev/KCG Dao agreement: https://docs.google.com/document/d/e/2PACX-1vS6fwUHO3E0ijPu3CA3WBIH5NfC-UPIQ10F_7qoE5DGYJ6Uq6DgEUTpCgN3vRuOhLnR6gyQnR56KDVI/pub

https://discord.gg/J32xd9Gh

….. In closing, KCG creates additional utility and demand for Kogecoin, dramatically improves kogefarm APY and burn rate, and pays for its own marketing by supporting streamers with rewards from gaming with their own fan base.

Thank you for taking your time and consideration to vote.