1. Introduction
Kaygar is an innovative blockchain-based ecosystem that combines gold trading, custom jewelry creation, alchemical arcana, and digital asset tokenization, all on the Ronin network. Its mission is to provide a hedge against inflation and cryptocurrency volatility, while attracting new users to the Ronin network and creating economic opportunities around gold, digital assets, and NFT personalization.
One of the standout features of Kaygar is reverse asset tokenization, a pioneering concept that turns NFTs into physical pieces, mainly jewelry. Through this process, digital assets take tangible form, allowing users to customize and transform their digital collections into luxury items such as rings, pendants, and custom figures. This approach to reverse tokenization connects the blockchain world with high-end jewelry, creating a new type of interaction between the digital and physical realms.
2. Token Ecosystem
The Kaygar ecosystem is made up of four interconnected tokens, each serving a distinct function within the platform:
ROLD
- Main Token: ROLD is the core token of the ecosystem, backed by tokenized gold on the Ethereum blockchain via PAXG. 1 ROLD equals 0.00032 PAXG, and 1 PAXG represents 1 troy ounce of gold (31.1 grams of gold).
- Gold-Backed Asset: ROLD offers direct exposure to gold, a tangible and secure asset, through blockchain technology.
- Value Exchange: It serves as a store of value, allowing users to securely and efficiently trade digital gold within the Kaygar ecosystem.
- Obtaining ROLD: ROLD can be obtained through the Alchemical Arcana Program and through exchanges on the merchant market.
BONDI
- Social Token: BONDI is a token granted for social media interactions and community participation.
- Use in the Kaygar Store: BONDI can be used to purchase silver jewelry in the Kaygar store.
- Alchemical Arcana: It is part of the Alchemical Arcana Program and can be transmuted into ROLD.
AUREX
- Loyalty Token: AUREX is a token awarded for purchases made at the Kaygar store.
- Alchemical Arcana: AUREX, along with BONDI, is used in the Alchemical Arcana Program to obtain ROLD.
- Exclusive Offers: It grants access to special offers and discounts in the Kaygar store.
KAYGAR
- Governance Token: KAYGAR is the governance token of the Kaygar ecosystem.
- Creation: It is obtained by synthesizing ROLD with other tokens in the Alchemical Arcana.
- Decision-Making Participation: KAYGAR holders can participate in the decision-making process within the ecosystem and receive exclusive benefits.
3. Merchant Licenses
Users can acquire licenses to operate within the ROLD market and enjoy additional benefits:
- Lic10 Mage: Allows the transmutation of tokens into ROLD.
- Lic100 Genius: Allows the transmutation of tokens into ROLD and the design of custom jewelry from ROLD.
- Lic100 Vampire: Allows the transmutation of tokens into ROLD, the creation of jewelry, and the synthesis of new KAYGAR licenses and tokens.
4. Alchemical Arcana Program
The Alchemical Arcana Program enables users to transmute tokens into ROLD through two types of procedures:
- Public Procedures: These offer a fixed success rate, guaranteeing the conversion of tokens into ROLD with a predetermined probability.
- Irregular Procedures: These add extra elements and assist in the burning of tokens and NFTs within the Ronin ecosystem. Irregular procedures offer the possibility of accessing a hidden ROLD pool, thus increasing the profitability of the transmutation.
Once a recipe is successfully completed in irregular procedures, if all the correct elements are included, there is an additional probability of receiving extra ROLD from the hidden pool, enhancing the transmutation returns.
5. Kaygar Store
- Creation and Sale of Jewelry: The Kaygar store allows for the creation and sale of jewelry made from precious metals. Additionally, it allows users to transform digital assets into physical pieces, such as Axies pendants, token symbols (SLP, PIXEL, etc.), custom rings, and figures made of silver or gold.
- Special Offers and Burning Events: Limited-time offers and burning events will allow users to purchase jewelry and gold coins at prices below market value, incentivizing token holding and serving as a marketing strategy.
With this proposal, Kaygar offers a unique ecosystem that combines the value of gold with blockchain innovation, creating economic opportunities and new ways of investing in both the digital and physical worlds.