Doki Doki monetizes the Retro Japanese visual aesthetics through creating and trading related NFTs. In other words, Japanese creative artwork inspires its original code and visual impressions, translating them into NFTs.
It aims to provide members with sustainable long-term value through innovative products, including DSwap, DBank, and DCover. Although these products replicate the traditional financial services of insurance, exchange, and banking, they exist on the blockchain.
NFTs are the core of the Doki Doki business model as they create value for the community.
Significance of NFTs in the Doki Doki project
Doki Doki focuses on NFTs for several reasons. First, NFTs are on a growth trend. Accordingly, there are many collectibles in Japan which it can tokenize. That is why the collectible industry in Japan exceeds US6 billion per year.
NFTs exist in different forms. For example, there are NFTs with unlockable content, NFT-backed music, NFT-backed video, event tickets, real-world assets, NFT financial derivatives, virtual game items, and property. Doki Doki will deal with these NFTs, among many others.
The unique Business Strategy
Doki Doki’s strategy offers practical solutions to some problems that exist in the DeFi world.
For example, when launching crypto projects, some platforms start with high returns, luring whales to acquire large stakes, resulting in the centralization of token distribution. However, Doki Doki makes the initial distribution fair through a public whitelisting event. Thus, whales cannot take much of the yield.
Besides, it uses a genuinely participative governance system, where users decide the changes they want. For instance, they choose the best pools or the most preferred emission rate. Community members also peg the rewards or multipliers the platform should use.
To overcome high gas fees, the Doki Doki protocol combines the most prevalent actions such as the addition of liquidity, stake, claiming rewards, and re-investment of interest in one transaction.
According to recent trends, many people farm DeFi tokens, which end up depreciating beyond use because such tokens do not support products and services on the market. However, Doki Doki will use its tokens for NFT integration, dividends payment, governance, yield bonuses, and many more.
Swapping, farming, and staking in Doki Doki Ecosystem
The Doki Doki platform supports swapping, farming, and staking of coins.
Staking: Doki Doki has different staking options. For example, users can stake through pools such as Pool 1-$DOKI Pool, Pool 2- $DOKI / ETH Uniswap LP Pool, Pool 3 -$WBTC Pool, and Pool 4—$WETH Pool. These pools differ in their yields and level of risks.
Mining: Users mine tokens through the volume-based Creativity and Consumption Mining system, in which participants mine the $AZUKI through their participation. Therefore, participants such as creators, merchants, and consumers, who drive volume to the site earn some tokens.
Farming: Users farm tokens through the NFT Farming dApp. For example, they earn when they create memes, redeem secondary tokens, collaborate with artists, or form partnerships with other projects.
Swapping: Doki Doki will have its token swapping project, allowing users to convert one token to another.
Doki Doki has two tokens, the $AZUKI and $DOKI.
DOKI: This is the primary native token which drives the entire ecosystem. It is useful for providing liquidity and governance purpose. The initial supply is 3 500, with 500 reserved for liquidity provision at Uniswap.
$AZUKI: This is the platform’s secondary token. Its primary function is to power the Doki Doki NFT dApp and the NFT platform. It will have a total supply of 80 000 000.
Doki Doki has a large community of users and fans who interact on telegram, Discord, and Twitter, among others. Everyone is free to join.