Detailed overview of the KLON: allmetaverse avatar
Why can’t we just create one avatar and use it to log in to all metaverses, like a Facebook or Google ID? KLON developers also asked this question and found that possible. Ok, it will be possible when the KLON platform starts, and you will spend hours choosing the color of the eyes and the shade of the hair of your allmetaverse avatar.
With our tradition, let’s start with links for DYOR:
Site: https://www.klon.ai/
Twitter: https://twitter.com/klon_ai
Github: http://github.com/KLONai
What is KLON
KLON is a platform on the MATIC blockchain that allows you to create one avatar for all popular metaverses and earn from it in the future. KLON - more than just a character editor from MMORPG, it also can become something like your personal index fund for metaverses.
Who need it? An active P2E hunter or a fan-user explores several metaverses simultaneously, and for each metaverse, they have to connect a new wallet to create and customize a new avatar. So it's a little complicated to earn money on several metaverses and just inconvenient for players. KLON eliminates this board between metaverses, making the interaction with multiple worlds easier and more comfortable for the users.
Activities
What can you do in KLON? The answer is obvious - create the avatar! But not only. The list of activities includes:
Creating a "highly adaptive" and “high-quality” 3D avatar that can be widely personalized and customized. Developers say his design will automatically adapt to the connected metaverse.
Generation of the added value of your avatar - for the activity in metaverses, users will receive special points, which help earn real money. Your avatar will get a level and something like social status that you can monetize in the future.
And the "default" activity is investing in the metaverses. Developers promise to reinvest 49% off income in partner metaverses. Investition will affect the price of the native token. That means that all token holders become passive investors.
Roadmap
KLON is still in the initial stages of development. The start-up just started, and the team just created its mission and vision, so the achievements don't impress for now:
The main action for investors is planned for the second quarter - listing on the CEX, promotion of native token, advertising, influencers, and other things that prospective can generate income. But ( if everything goes according to plan), we will see the entire product only at the end of 2022:
Tokens
The KLON economy will work on 2 kinds of assets:
$KLON - native token project. It will be available on CEX and DEX and also used for fundraising. The developers say its main token value is holders of $KLON invest in partner metaverse-projects. For users, that means hold=profit. In addition, users generate the token's value with their activities and actions in metaverses.
KLON SCOR - the intra-platform point that displays the avatar's status and is the reward for activities (trading, storing property, and items) in all connected metaverses.
It is not yet clear how these assets will interact. We don't know whether users will be able to directly convert SCOR to $KLON, receive rewards in proportion to SCOR points, or that points will have a different, indirect effect on earning.
KLON tokenomics💰
Key tokenomics metrics for $KLON is next:
- Seed: a cliff 48 hours, then 5% unlock, then 11 months of linear monthly unlock.
- Strategic - a cliff of 48 hours, then 7.5% unlock, then 11 months of linear monthly unlock.
- Private - a cliff of 48 hours, then 10% unlock, then 8 months of linear monthly unlock.
- IDO: 20% unlock on TGE, then 20% for each month.
In addition, $1.5 B (3%) is reserved for liquidity providing. 100% of these funds will be sold to TGE.
Strengths of KLON
If looking at all project social from the top of the article, it is easy to highlight the following strengths:
✅This is really useful - KLON can become something like Google ID for active metaverses users, eliminating dozens of wallets and avatars. A nice bonus is a passive investment.
✅Balanced tokenomics metrics - none of the rounds have clear advantages, so the unlock is smooth. Also, the team cant drain their tokens. It means it’s a low risk of price collapse because someone sold out all the allocation.
✅Not bad social networks - 18k Twitter followers in and 42k followers in Telegram. If we think that the project is at an early stage, those numbers look adequate.
In addition, the guys follow the roadmap, although they are at the start for now. All the action ahead.
A little inside: CEO KLON says that the platform will be open-source. That is, any metaverse can freely integrate it. In addition, open-source = transparency and audit capability.
Weaknesses of KLON
The shortcomings (white spots, to be exact) of KLON that do not give a complete understanding of the project are also enough. For example:
❌Economic model - it is unclear how users can get SCOR, how it relates to the native token, and how it will help monetize activity. While in tokenomics, SCOR is not a separate token (even not an internal currency).
❌The adaptation of avatars - a mega-quality 3D avatar with hair animation - is excellent, but how will it be displayed, for example, in SandBox with pixel graphics?
❌The security of users and their property is unclear. I mean, it does not describe what function KLON in users' items managing in various metaverses, what access rights the site will have, and how the user’s avatar will be protected.
I think we will see how these problems will be solved during the development process, so it is worth tracking the project for free time. But for now, it’s a definite weakness.
Conclusions
KLON is an interesting and useful project for the metaverse ecosystem (it looks strange that no one has ever thought of it before). In addition to improving the quality of user experience, users will be able to receive passive income by holding native tokens. The main problem is that KLON is more an idea than a worked product for now. It is too early to make specific decisions, but KLON is worth tracking its development.