What Is Katana Inu?

By Robin Wong | January 11, 2022

Katana Inu is an upcoming battle royale type game that is currently being built on an Ethereum second-layer solution.

As a play-to-earn game, Katana Inu introduces several elements that allow players to earn a real income from their in-game activities. It will also include free-to-play mechanics, allowing players to get started with the game without requiring an upfront investment.

The game primarily centers around open-world player-vs-player (PvP) battles that see winners earn rewards for defeating their foes. It stands out from other NFT-enabled games in that artists will be able to create their own in-game skins and mint these as limited edition NFTs for deployment and sale within the game.

The KATA token has a variety of functions both inside and outside of the main Katana Inu game. It’s used for in-game transactions, governancestaking, and marketplace payments. Katana Inu is being developed by Chain Vision, a Germany-based development agency that works with a variety of established game studios to build creative, cryptocurrency-powered gaming titles. The team includes experienced builders, developers, marketers, and strategists, and is backed by a range of advisors.

How Does Katana Inu Work?

Katana Inu is designed to demonstrate the capabilities of blockchain-enabled games. It achieves this by blending AAA-grade 3D graphics with fully player-owned assets and a unique in-game economy to provide a fun, competitive, and ultimately rewarding experience to players.

The game’s primary mode is a PvP battle royale system that allows players to take their characters and in-game items into battle to win items. These items can be used or minted as an NFT and sold on the in-game marketplace. A total of 100 players will compete in each battle royale session, with the top-ranking players set to win large prizes.

Besides the Battle Royale mode, Katana Inu will include several other game modes, including capture the flag, 5-vs-5 battles, races, and tournaments. The number of game modes available is set to expand with time.

Katana Inu will feature various in-game items that are represented on the blockchain as non-fungible tokens (NFTs). Some of these items will be purely cosmetic, such as player skins, whereas others will augment a character’s abilities, such as power-ups and upgrades.

All Katana Inu NFTs will be tradeable on the game’s built-in NFT marketplace, where items can be bought or sold using KATA or ETH.

The game is being built on an Ethereum layer-2 solution, similar to Axie Infinity’s Ronin sidechain. This will help keep fees low ensuring the game is as accessible as possible. The KATA token will be deployed as an ERC-20 asset on the Ethereum blockchain and a BEP-20 asset on Binance Smart Chain (with a cross-chain bridge).

Katana Inu has a detailed roadmap that is broadly separated into four phases, some of the main plans for each phase include:

  • Phase 1: Complete smart contract audit, release first Katanu Inu characters, launch first charity concept (Vision World Animal Welfare), and increase collaboration with game studios
  • Phase 2: Ramp up game development, launch e-commerce platform, and secure centralized exchange (CEX) listings
  • Phase 3: Deploy token on layer-2, launch NFT marketplace, and unveil a game beta version
  • Phase 4: Launch game beta version, launch NFT skins, and execute several charity campaigns

The KATA token presale will be made available on PAID Network’s Ignition platform on December 21, whereas its initial DEX offerings (IDOs) will be hosted on several BlueZilla launchpads, including BSCPad, GameZone, and NFTLaunch, on December 23.

The KATA token generation event is set to take place on December 23, with listings to follow on PancakeSwap and later Uniswap.

Sustainable Tokenomics

Despite its meme-based origins, Katana Inu’s tokenomics were designed with a long-term focus. A total of 29% of the KATA token’s circulating supply is reserved for staking and in-game rewards whereas a further 12% is allocated to liquidity and the Katana Inu treasury.

Team tokens will remain completely locked for 6 months following which they unlock linearly for three years. Likewise, seed sale, pre-sale, and public sale tokens all feature a cliff before they unlock linearly.

Source: https://coinmarketcap.com/alexandria/article/what-is-katana-inu-a-deep-dive-into-the-upcoming-play-to-earn-battle-royale-game

Tags: , ,

Related Articles

What is Verasity (VRA) coin?

Warren Hayes | Aug 12, 2021

What is World Token (WORLD)?

Jenny Aurora | Jul 20, 2021

What is Blocto (BLT) token?

Emily Rys | Sep 29, 2021

What is HaggleX (HAG) Token?

Emily Rys | Nov 10, 2021

What is the HAUS token?

Robin Wong | Nov 6, 2021

What is Sakura Neko (NEKO) token?

Warren Hayes | Nov 30, 2021

What is DTOP?

Jenny Aurora | Jul 15, 2021