Kitty Castle

At 4 Detail Branch, near Doom in Origin City(103E,199S,)

Description

A modern castle become a partner today contact: admin@bittrees.io Bittrees | we help you grow your Bits www.bittrees.io

Collaborators

anonymous, raging_bitcoin, VTGTRUST, Bittrees, 0x959112b5..., 0x836b7a44..., 0x7fb6dbab...

Latest Womps

Richtext: In 2017, a CryptoKitties craze caught mainstream media attention and slowed down the entire Ethereum network. Now there are over 1.6 million Kitties. Many of those Kitties are common and provide little utility for their owners. These Kitties are difficult to trade. Wrapped Kitties, created by an independent developer, helps solve this. Unwanted, non-fungible, illiquid CryptoKitties can be traded for fungible WCK tokens (Wrapped CryptoKitties). These tokens are backed by the underlying Kitties and each token can be redeemed for any of the Kitties in the pool that backs the token.

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: Portal -->

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Polytext: The CKC

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: <--- --- --- ---

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: <--- buy WCK inside

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: Wrapped Kitties

Sign: Whatt??

Sign: see the kitties here

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: Wrapped crypto kitties!?

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: 0x741270D942cF8F2a98020CaD6508e4F154c15117

Sign: show support

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: <--- --- --- ---

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: Buy wrapped cryptokitties

Sign: Add WCK to Liquidity Pool

Sign: <--- --- --- ---

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: <--- --- --- ---

Sign: <--- buy WCK

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: <--- buy WCK

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: <--- --- --- ---

Richtext: ERC20 tokens, each backed 1:1 by an ERC721 CryptoKitten

Sign: WCK

Sign: castle

Sign: cryptokitten

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Sign: Portal

NFT: https://opensea.io/assets/0x06012c8cf97bead5d...

Richtext: What is the point? WCK token holders can redeem one token for any Kitty in the pool. Swapping one basic Kitty for another becomes a trivial task compared to negotiating a trade with another user. Buying and selling Kitties in bulk is straightforward. There is an exchange for WCK tokens on Uniswap where traders buy and sell dozens of cat credits at once. Redemption tokens can be offered to players at a lower cost than creating new Kitties.

Richtext: Ok... Who cares? Imagine that a different asset with more utility replaces Kitties. Evoking The Big Short, the token might be a CDO backed by loans and mortgages. CryptoKitties is not the first project to have wrapped assets into a basket. However, this is one of the most tangible examples where a fungible asset is backed by a pool of illiquid, unique assets on the blockchain. And the basket is fully – and beautifully – transparent.

Richtext: The Basket of Cats backing the WCK tokens Whereas Dr Michael Burry had to find and dredge through Excel files to understand that the assets underlying CDOs where low quality, each and every Kitty backing the WCK token is publicly visible.

Sign: View on CryptoKitties

Sign: View on Etherscan

Sign: These are the unwanted Kitties backing WCK.

Sign: r/CryptoKitties

Sign: Wrapped Kitties. How to..

Sign: <-- more info inside!

Sign: WrappedCryptoKitties – cryptocurrency backed by cryptokittens!

Richtext: This service offers a smart contract that returns WCK Token for every kitty that was sent to it and then the user again can swap each WCK Token into another cryptokitty. It sounds simple, but it opens a lot of opportunities for players and CryptoKitties. 1) What is the price of cryptokitty? 2) What is WCK Token? 3) The usage of WCK 4) How to get WCK

Richtext: Unlike most other dapps, the tokens’ production in CryptoKitties is in the hands of the players. A user needs two tokens (parents) to create a new one. And it doesn’t matter how expensive these kitties-parents are, the production cost for every cryptokitty is 0.008Eth and kitten has a chance to take the additional value and become much more expensive than his parents.

Richtext: In fact, the purpose for breeding (token production) is to create a cryptokitty with an additional value, which can be sold for more than 0.008Eth The cryptokitties with additional value are Fancies/Purrstiges/Jewels/Badges/NiceIDs/Family Gems/Gen0s/Lowgen mewtations/The traits combos/OGs/etc

Richtext: Mass breeders usually send these kitties to the market with the price descending to zero. And this is how the floor of cryptokitties forms. For now, it is around 0.0019Eth. They call these kitties “fancy fails“, but how dare they call these beautiful kittens fails! These cheap kitties are surely unique as every NFT and you cannot find two similar kitties. But to the moment the demand for their cattributes or cattributes’ combos on a certain generation is lower than offered. And we can treat cryptokitties at the floor as just fungible tokens.