Thanks a lot for actively participating in the Kollect Cards AMA held on 31st Mar 2022 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Kollect
We have with us Ethan
My name is Ethan Chae, a U of Chicago Alumni, and the CSO at Kollect. I play a core role in Kollect’s overall strategy, branding, and business development.
I am a serial entrepreneur and strategy expert with experience across major industries. I founded several companies before and successfully exited, where my skill set for business development and business acumen have been invaluable
Kollect is the first yield-generating and IP-driven NFT collection book in the GameFi space. Users can purchase Kollect NFTs to complete yield generating collection books and battle with friends on-chain in original play-to-earn card games. $KOL is the utility token of the Kollect ecosystem, and holders can enjoy exclusive perks and drops. Kollect envisions becoming the premium hub for NFT collectibles and play-to-earn games
Q1. My question is about the copyrights and license for the Power Rangers characters in used kollect. Does Kollect have authorization and approval by the Power Ranger’s team to feature their characters and integrate it on Kollect’s platform?
Absolutely we do! NFTs in the Kollect Ecosystem feature ONLY officially licensed brands and IPs . This applies with the Power Rangers Brand.
We are partnered with powerhouses TOEI, and Daewon Media which have been integral in also auditing every piece of art that is going out to make sure that our NFTs are on brand.
Q2. In an article you mentioned that there will be games that open to multiple animations / IPs to participate together, so how can we connect with friends on a battle? Is this option already available?
There will be games integrated into Kollect's ecosystem in which our NFTs that are based on Branded IPs can participate together! The first game announced to be integrated is World of Cards or WOC for short
WOC is the name of the game project connected to Kollect. It is a card game encompassing all the NFTs in Kollect regardless of the IPs. For example, Power Rangers can fight Munchies and Munchies can fight other characters in World of Cards. It is like the ultimate battle of heroes in card game form 🙂 Am I the only one excited?!
Q3. One of the feature of #KollectCards is Synthesize in which we can synthesize our cards and acquire a new card with a higher rarity. Can you explain more about synthesizing?How does it works?In acquiring a new card with a higher rarity,is that mean we will have to pay additional?
Synthesis is an integral part of our ecosystem as it provides a way for users to burn their cards with lower-level rarities and receive a card with the same or higher rarity level. Kollectors are no longer solely reliant on unpacking the exact card or cards that they need by purchasing genesis packs.
The synthesis function will not only help Kollectors receive higher rarity cards that are inherently more valuable throughout the ecosystem, but they will also provide a way for users to synthesize the exact cards that they need. This will help them to stake and complete their collections, beat opponents in games, and more.
You will need to pay a small fee in KOL to synthesize cards!
Q4. Many Gaming Platform only Serves one Activity at a time, but we know, In crypto Market, different users have different Tastes, some are gamers, some are traders, some are Collectors. Do You agree with me? How does Kollect serves for all the users?
Our platform was designed to be attractive to multiple different users and audiences. The main audiences that we are targeting in the initial push of our project are Gamers, Profit Seekers, and IP Fandom.
Gamers: Our high quality games developed by a team of veterans are sure to bring the high quality games that the blockchain space is currently lacking
Profit Seekers: The play-to-earn aspect of our game will bring in those looking for rewards and profits
IP Fandom: The introduction of world famous IPs and Brands will bring in their respective fans like Power Rangers fans, Ruler of the Land fans, Munchie Kings, Ruler of the Land, Voltes V and the fandoms of our future IPs.
We have very diverse functions and content within our protocol that allow us to satisfy the demand of multiple groups and audiences. We believe through updates and integration of more features/IPs we will be able to continuously roll-out features catered specifically to different groups and audiences so that everyone is able to enjoy the Kollect Experience.
Q5. It caught my attention that Kollect platform has two kind of NFT Collection books called Public collection & Private Collection. What is the main difference between these two types of NFTs?
Just for clarification! These are not two different types of NFTs. They are two different types of Collection Books that are available: Public and Private
Kollect’s Collection book system is one aspect within its ecosystem that addresses the current NFT market’s lack of utility. It has a unique built-in play-to-earn feature, allowing users to strategically stake their cards in different collection books to earn rewards and yield.
Private Collection Books are completion-based. Every Kollector has access to their own set of Private Collection Books in which their goal is to collect as many cards as possible and thus maximize rewards. Kollectors will be eligible for extra rewards by reaching certain thresholds in the completion rate. If you can successfully complete a whole collection, such as gathering all the Power Rangers Hero cards, you can stake the collection book itself for bonus and hidden rewards.
Public Collection Books are competition-based. Kollectors share the Public Collection Books in which the Kollectors’ goal is to compete with others to claim the limited slots available. These limited slots are comprised of the rarer cards within the ecosystem and thus significantly harder to claim than the slots in the Private Collection book. To claim a slot, Kollectors have to stake the associated NFT card along with a sum of $KOL. Kollectors will receive a higher percentage boost to their rewards based on the amount of $KOL staked. In addition, if a Kollector becomes the first to stake their card into a particular slot, they will be given a claiming bonus. Public Collection Book rewards the user for discovering and minting the rarest cards!
You can learn about it visually through our video!
Q6. Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
1.) NFT Collectibles with Convertibility: The NFTs offered in Kollect are high-quality artworks derived from IPs with existing fandom. We will begin with Power Rangers, but more will come in the future. Our NFT cards are not just collectibles; they are characters, items, and much more in the universe that is to be built around the Kollect ecosystem.
Play-to-earn Games that are Fun: From game experts’ point of view, existing blockchain gaming projects lack details of high-quality games. Usually built as experimental projects by people with little experience in the gaming industry, the NFT games have plenty of room to improve. Kollect brings decades of game development experience to the young market.
2.)Platform with Scalability: Kollect is not a platform for single IP like Axie Infinity or NBA Top Shot. Nor is it a platform for one activity (either trading, collecting, or gaming) only. We can serve all. One exceptional feature of our NFT cards is that they have been created with games in mind. Initially, all the NFT cards in the Kollect platform can be used in our card battle game. In the future, the NFT cards will be related to the games featured in our Kollect.game launcher.
We believe all of the following will contribute to the success of Kollect as we tackle and address problems that are currently rampant within the NFT space.
Q7. Do you have any Bug Bounty to check for weakness? In what way do you plan to make Your project more complete?
Our service has not launched so we do not have a Bug Bounty program actively runnning right now. However,during the testnet, we made sure to specifically create channels such as #testnetfeedback on our discord so we can get here about the experience from our valued members! We have also created events asking for feedback from Kollectors! We will continue have bounty programs and means to rewards users giving our project feedback and how we can make a more pleasurable experience for them.
Once our service is launched too on April 7th, we will have bounty programs up and running again!
Q8. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
Yes we have an ambassador program that is up and always accepting interested candidates!
You can get the details by referring to this link!
Q9. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
You can follow us through the links below! Discord will be your greatest source for the latest news, special events, and more!
Telegram Global: https://t.me/Kollect_Official_Community
Telegram Announcement Channel: https://t.me/Kollect_Cards
Telegram Thai: https://t.me/Kollect_Official_Th
Telegram Japan: https://t.me/kollect_japan
Telegram Indonesia: https://t.me/KollectIndo
Telegram Vietnam: https://t.me/kollectvn
Telegram Turkey: https://t.me/kollectcardsTR
Telegram Korea: https://t.me/Kollect_Official_kr
Telegram Spain: https://t.me/KollectSpanish
Telegram Germany: https://t.me/Kollect_German
Telegram Russia: https://t.me/KollectRussian
Telegram Portuguese : https://t.me/KollectPortuguese
Q10. Where can I currently buy Token?
Find $KOL here:
Q10. Can you give an overview of your Tokenomics, and the UTILITY of Token?
The maximum total supply of $KOL is 1,000,000,000. The token allocation has been divided into 9 different fields.
$KOL will be used for following functions and duties:
Game: Users use $KOL to pay for transaction fees to convert their NFT in and out of games as well as to level up cards.
Store: Users use $KOL as a payment currency to buy NFTs and packs with discounts. Users that hold $KOL will also be eligible for increasing the odds of unlocking rare cards and pack whitelisting.
Synthesis: Users use $KOL to pay for synthesis transaction fee as well as holding to increase the odds of minting rarer cards
Collection Book: Users must stake $KOL in order to receive the NFT staking reward (in $KOL). The user can also stake more $KOL for a higher reward boost.
Trading: Users can use $KOL to pay for transaction fees
Future rewards and use-cases are in development stages and will be shared with communities as soon as readily available! We are always working on more use-cases to better satisfy the community and create an ecosystem fun and beneficial for all.
Q10. According to the project's roadmap- what are your most important next priorities?
The next important next priority is the Official Sales of our Power Rangers NFT Cards on April 7th, 2022!
Everything you need to know about it can be referred to this link
You can also win prizes by getting educated about our Project, so participate NOW!
I'd really like to push community members to take a look at Kollect and join our discord! We have amazing events running where you can get rewarded for all different types of activities!
We are really excited to show the teaser for our game in the next few days too!! Join now!!
Also! Again, our Sales is on April 7th, 2022.
Find out ALL ABOUT IT NOW!