While you are waiting: KOJI Team makes big investment into BSC NFT Game

Wed. 24th Nov. 2021 Project updates

Making the first professionally written and illustrated NFT comic book takes time. It’s really not as simple as “hey, art team, draw this” and they nail it the first time out.

There is a ton of back and forth, creative differences between the crypto team and the art team, revisions, post processing, and the like. These are things we cannot shortcut or circumvent; it just takes time to get everything right.

Following our successful relaunch on the Binance Smart Chain, we realize that even though our new token contract has really great tokenomics, and a really great dApp to go along with it, we are still slow in delivering our NFT comicbook vision. The groundwork has already been laid for our staking and NFT delivery system, but we still have a lot of work to do to. This can cause periods of low volume in our daily trading and lulls in our community chats, two things we would like to avoid if possible. If there’s anything we’ve learned in crypto it’s that the shiny object gets the money.

Enter: Cryptomines Eternal

Cryptomines Eternal is an NFT game on the Binance Smart Chain. It released on September 12th, 2021 around $1 and flew under the radar for several months, steadily gaining traction. Since then, it has achieved a $2 Billion marketcap and boasted some of the largest daily volume on BSC, exceeding $100M volume on 2 consecutive days in November.

kajo-cryptomine-eternal-fleetThe forward flank

The game allows the user to buy ETL and invest in workers and spaceships by either buying those NFT avatars on the in-app marketplace, or minting them with ETL and hoping for high MP (mining power) attribute on mint. Players use these ships and workers to built fleets, which can be used to mine planets for a reward in ETL.

Miners, ships, building fleets, fuel, mining contracts, and mining rewards are all pegged to a USD amount in ETL balanced by a price oracle named “Pancho”. Pancho makes certain that the price of ETL really doesn’t matter within the game mechanics; if you get rewarded for mining a planet, the USD amount in ETL will always be the same.

This unique mechanic ensure that if ETL goes down, you will get more ETL as a reward, and if ETL goes up, you will get less.

This type of consistent daily income is very attractive to crypto holders, especially in times of high market volatility or downtrends. Users can only mine once every 24 hours, after which their fleet becomes exhausted. You can have as many fleets as you like, so long as you can afford the ETL to build them.

The above mentioned has seen the price of ETL go from $1 to a high of $542, surely minting new millionaires along the way.

On Sunday 11/21, when the reset happened and raids opened up allowing 100% guaranteed rewards, Eternal consumed 50% of all gas on the BSC network during that time period.

kajo-cryptomine-eternal-fleet-2The rear guard

KOJI becomes the master and commander of the fleet

We, like everyone else on BSC watched in awe the meteoric rise of Eternal. Our very own crypto-savvy team member Billy Wizz pointed out that if you go straight to the top and built an S tier fleet, skip planets 1–29 and go straight to “Sector G” you have a 91% chance per day of getting a $375 reward per fleet.

This intrigued us… what if we used our leftover team funds (that we previously put into the Autocake pool for consistent rewards that were wiped out in one market dump) and bought a bunch of fleets? If the game continues on, even if the price of ETL goes down, we would still get the same USD equivalent each day.

We could use these rewards to buyback our own token and burn it, or give our holders a big dividend distribution, or a combination of both.

The team has since put around $65k into ETL and Nodezy put in his own money ($32k) to help get rewards rolling in sooner.The team now has a total of 6 top tier fleets pulling in a net $325 per mining run after fuel and contracts.

This is a potential $1950 per day, $13,650 per week, or $59,150 per month. We also possess a modest 134 ETL in the Biswap stake pool earning 109% APY valued at ~$67k at time of writing.

This will be used to buy more fleets as we expect the price of ETL to continue appreciating.

If something is too good to be true, it usually is… except?

We realize these are insane numbers, and would result in a whopping 700%+ APY on the initial investment. There are many risks associated with this type of game. What if the token price collapsed? What if the team abandons the project? The liquidity is locked, but there’s a ton of team tokens unlocked.

What if they dump? What if BSC can’t handle all the transactions generated by this game? What if they run out of the initial 5 Million tokens allocated to the game?

kajo-cryptomine-eternal-rewardsA very lucrative reward indeed

These are obviously all risks that we are concerned about. But that’s what crypto is. Risk. That’s also why in crypto, the rewards can be so great, because the risk can also be great. We think Cryptomines Eternal will ultimately be the pioneer in this type of NFT game, and if the team keeps working as they are on improvements, the game could be around for a long time.

With the prospect that we could make our initial investment back in 2 months time, the risk there seems somewhat smaller.

Of course, we could be totally wrong. And time may show that we were. However, we cannot let fear dictate our direction.

We want our holders to know that we are taking on the risk to make their positions stronger, to reward their patience and loyalty as we push this thing forward. Only time will tell if we’ve made the correct call or not.

More news & updates:

Wed. 1st Dec. 2021 Project updates

Statement regarding: dividend distribution vulnerability in our contract

We just wanted to take a moment and provide everyone with an update on the withdrawals/reinvesting issue. At approximately midnight EST last night, an attacker found a vulnerability in our dividend distribution contract. He used a proxy contract to buy 50 BNB worth of KOJI and sell it in the...
Tue. 30th Nov. 2021 Project updates

2nd batch of 25B KOJI have now been burned!

2nd batch of 25B KOJI has now been burned to a current market value of ~$45,000 25,000,000,000 KOJI have been "burned", which means permanently removed from circulation. Tx is below: TX:...
Mon. 29th Nov. 2021 Promos

Congratulation to our “First Contact” NFT Giveaway winners!

Congratulation to the two winners in our NFT Giveaway contest, the winners are: Tier 1 Animated NFT winner: 0xb71bd62e28405d3cfe4078023ee36d87602c5678 Links to Winner TX and NFT transfer TX. Please add contract 0x8e162128edd0ca628f207b7215dcf1d4bc607ee8 and tokenID #108 to your wallet to...
Sat. 27th Nov. 2021 Promos

Congrats to our $KOJI BLACK FRIDAY Trading Competition Winners!

Congrats to the winnersof the buy and reinvest $KOJI Black Friday competitions! Prizes have been sent already. 1 BNB Winner ( for > 0.1 BNB KOJI buy) 0x8061ac739be4df83570143c71ef005b8b5d8230d, who bought 1 BNB worth of KOJI, a 100% refund! Links to Buy TX and Prize TX 0.5 BNB Winner...
Thu. 25th Nov. 2021 Promos

Weekend of promotions! Trading Contest, NFT Giveaway & another Burn

We have some exciting events coming up for our community this weekend, starting on Black Friday and going all the way up to Sunday at midnight. So right after stuffing yourself for Thanksgiving (if you celebrate that sort of thing), get ready for the real festivities to begin! November 26,...
Sun. 21st Nov. 2021 Promos

24h promo: 50% Tax reduction for KOJI holders of 25M or more

We have a quick promo for the next 24 hours ONLY! Current KOJI holders above 25M get a 50% TAX reduction on all buys and re-invests. Starting at midnight tonight EST (5:00 AM UTC) thru Sunday at midnight EST everyone that holds 25M KOJI or more will be able to buy and/or re-invest to a 50%...
Thu. 18th Nov. 2021 Project updates

25B KOJI burned & extra dividends equivalent of 100BNB buy distributed

As a little thanks to you to each and every one of our holders, we deposited the equivalent redistribution for 100 BNB worth of transactions into the distributor, that went straight back to you all! A total of 22.6 BNB has been sent to our holders so far since Monday launch! 9 BNB have...
Wed. 17th Nov. 2021 Partnerships

KOJI is now verified, KYC’d and tradable with flooz.trade.

KOJI Community! Today we want to announce a strategic partnership with Flooz.Trade. The KOJI project has been verified and also Team member KYC'd by the Flooz team and is now set up to be traded on their platform. Flooz is built as a layer on top of pancakeswap so it uses the same...
Mon. 15th Nov. 2021 Project updates

It’s Time! KOJI re-launching on Pancake Swap mon. 15th Nov 20:00 UTC

It’s what you’ve been waiting for! KOJI will list on Pancake Swap on Monday 15th November at 20:00 UTC! With a new Smart Contract on the Binance Smart Chain (BSC) Network, Improved Tokenomics with BNB rewards for holding, upcoming KOJI rewards for staking and BNB rewards for holding KOJI...
Fri. 12th Nov. 2021 Airdrop

BSC KOJI Airdrop done & New contract is up! Register to receive dividends

We have a really exciting announcement to share with you all! After a lot of hard work and tireless efforts: The new KOJI contract is ready and everyone should have been airdropped their new KOJI Tokens! It's been a bit of a bumpy ride, but now it's almost time for our re-launch of KOJI on the...
Mon. 18th Oct. 2021 Project updates

Network Update, Snapshot Deadline, New Contract & Tokenomics, & public beta test

New Smart Contract, new Tokenomics and the KOJI DApp Dashboard! We've gone back to the drawing board to re-imagine how our token, staking, and NFT contracts will all work and now it's almost time for re-launch! Hello fellow KOJI'ans! Nodezy here with an update on what is going on with the...
Tue. 28th Sep. 2021 Project updates

Looking back at our ETH launch & the road ahead

It’s been over 3 months since we launched the concept of KOJI on the Ethereum chain: a charity DeFi Token tied to a professionally written and illustrated comic book, collectible in NFT form. Our team, made up from a core group rugged from another project, wanted to create something of value...