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Bloktopia

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Discover Bloktopia's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Bloktopia?

Bloktopia (BLOK) is a metaverse project that aims to be an educational and entertainment hub for all levels of crypto experience. It is built on the Polygon network and powered by the Unity game engine, offering a decentralized VR skyscraper with 21 floors. The platform allows users to own and develop virtual real estate through NFTs, participate in events, and engage in various activities. The native token, BLOK, is an ERC-20 utility token used for accessing exclusive events, purchasing items, and participating in governance through a DAO.

How is Bloktopia used?

Bloktopia (BLOK) is a utility token that serves several purposes within the Bloktopia ecosystem. It is primarily used for acquiring various items such as digital wearable NFTs, REBLOK, and ADBLOK. Additionally, it functions as a governance token, allowing holders to participate in the decision-making process of Bloktopia DAO.

BLOK tokens are also used for investments, where they are staked into pools and JOBES to contribute to the network’s stability and generate passive income. Furthermore, they can be used to purchase merchandise and exclusive offerings within the ecosystem.

In the context of real estate, BLOK tokens are required to buy or lease land parcels, known as REBLOK, which can be customized and resold or leased for profit. The value of these land parcels depends on their location, with those on the first, sixth, and twenty-first floors generating more dividends.

Moreover, BLOK tokens grant access to exclusive live events and premium content tailored for Bloktopians. They can be purchased through centralized exchanges like Gate.io and decentralized exchanges like QuickSwap.

How do I store Bloktopia?

To store Bloktopia (BLOK) tokens, you can use several wallets that support the cryptocurrency. Some of the best options include:

  • MetaMask: This wallet supports Bloktopia and allows users to manage their funds directly within their web browser. You can add Bloktopia to MetaMask like any other ERC-20 token.
  • Torus
  • TokenPocket
  • BRD Wallet
  • Coinhub
  • OKX Wallet
  • SimpleHold Wallet
  • WalletConnect.

Additionally, you can use Ledger Nano X with MetaMask by adding the Polygon network via custom RPC.

How to buy Bloktopia?

To buy Bloktopia (BLOK) tokens, you can follow these steps:

  1. Choose a Reliable Exchange:

    • MEXC: Open an account on MEXC, pass the KYC (Verify Identification) process, and then click on the “Buy Crypto” link. You can purchase BLOK using various methods, including credit cards, global bank transfers, and peer-to-peer trading.
    • Binance: Although BLOK is not listed on Binance, you can follow a step-by-step guide to buy it through a decentralized exchange (DEX) like Pancake Swap. This involves setting up a Trust Wallet, buying BNB, and then trading it for BLOK.
    • Kriptomat: Sign up and verify your account on Kriptomat. Add funds using a bank deposit or credit card, and then select Bloktopia from the list of cryptocurrencies to purchase.
  2. Set Up Your Wallet:

    • MEXC: Ensure you have a wallet set up on MEXC to hold your purchased BLOK tokens.
    • Binance: Use a Trust Wallet to store your BNB and BLOK tokens.
    • Kriptomat: Your purchased BLOK tokens will be stored in your Kriptomat wallet.
  3. Trade or Purchase:

  • MEXC: You can trade BLOK on MEXC's spot market or use it for futures trading.
  • Binance: Trade your BNB for BLOK on a DEX like Pancake Swap.
  • Kriptomat: Confirm your purchase of BLOK tokens on Kriptomat.

Remember to always follow security guidelines and be cautious of scams when buying cryptocurrencies.

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History of Bloktopia

Bloktopia, a metaverse project, was founded in 2021 by Ross Tavakoli and Paddy Carroll. The project aims to create an immersive, educational, and entertaining experience for users of all levels of crypto experience. Built on the Unity game engine and supported by the Polygon network, Bloktopia leverages cutting-edge technology to provide stunning visualizations and user experiences.

The project's native token, BLOK, is an ERC-20 token with a total emission of 200 billion. BLOK tokens are used to access exclusive events, purchase items within the metaverse, and lease virtual real estate. The token was launched in October 2021 and is available on several decentralized exchanges (DEXs) such as OKEx, KuCoin, Gate.io, and QuickSwap.

Bloktopia's metaverse is designed as a decentralized VR skyscraper with 21 floors, a nod to Bitcoin's total supply of 21 million. The platform allows users to engage in various activities, including learning, earning, playing, and creating. Users can purchase real estate (REBLOK NFTs) and advertising space (ADBLOK NFTs), which provide opportunities for passive income and revenue generation.

The project has garnered significant attention and partnerships, including a collaboration with Elrond, which will have its virtual headquarters on Level 1 of the skyscraper. Bloktopia has also raised additional funds through an IDO (Initial DEX Offering) across four launchpads, further solidifying its presence in the crypto community.

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How Bloktopia works

Bloktopia (BLOK) is a cryptocurrency project that operates within a metaverse environment. This metaverse is designed as a decentralized VR skyscraper with 21 floors, each offering different functionalities and experiences. The project aims to be an educational and entertainment hub for users of all levels of crypto experience, providing information and immersive experiences in one place.

User Experience

To engage with Bloktopia, users create avatars that spawn outside the 21-story skyscraper. The first floor serves as a commercial space where users can get information about cryptocurrency prices, contact support, and participate in events. The floor also features advertising boards called totems, which are considered excellent advertising opportunities.

Key Features
  • Auditorium: Located on the sixth floor, this space hosts immersive and interactive video presentations from crypto influencers. Users can attend these events and receive rewards.
  • Gaming Section: The penthouse floor offers various games, such as poker and multiplayer games of chance, where users can win Bloktopia's native tokens.
  • Real Estate: Users can purchase real estate blocks in the form of NFTs, which can be leased to advertising parties or used to host events. The value of these land parcels depends on their location within the metaverse.
Token Functionality

The native token, BLOK, is a utility token that allows users to access exclusive events, buy items, and participate in the governance of the Bloktopia DAO. It can be used for staking, earning passive income, and purchasing merchandise and exclusive offerings within the ecosystem. BLOK tokens can be purchased through centralized and decentralized exchanges.

Earning Opportunities

Bloktopia offers various earning opportunities, including:

  • Staking: Users can stake BLOK tokens for passive income, with APY ranging from 20% to 60%.
  • Real Estate: Owning REBLOK (Real Estate BLOK) allows users to customize and lease their land parcels, generating income.
  • JOBE: A jointly owned BLOK enterprise that allows co-ownership of REBLOK and ADBLOK NFTs, distributing dividends among co-owners.
Governance

The Bloktopia DAO gives users the right to vote and steer the project in their preferred direction, with each BLOK token equating to one vote. This ensures a decentralized and community-focused project.

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Bloktopia's strengths

The token Bloktopia (BLOK) has several strengths that contribute to its value and utility within the Bloktopia ecosystem:

  1. Utility Token: BLOK serves as a utility token, allowing users to access exclusive events, purchase items, and participate in various activities within the metaverse. This includes buying customized avatars, leasing virtual real estate, and upgrading real estate spaces.

  2. Governance: BLOK tokens also function as governance tokens, enabling holders to participate in the decision-making process of Bloktopia's decentralized autonomous organization (DAO).

  3. Passive Income: Users can stake BLOK tokens to generate passive income, which helps maintain the stability of the network.

  1. Investment Opportunities: BLOK tokens can be used for investments, such as purchasing real estate blocks in the form of NFTs, which can be leased to advertising parties or used to host events.

  2. Exclusive Content: Holders of BLOK tokens can access premium content, including live events and exclusive merchandise within the ecosystem.

  3. Customization and Ownership: Users can customize and own virtual real estate, which can be resold or leased, providing a potential source of revenue.

  1. Accessibility: BLOK tokens can be purchased through both centralized and decentralized exchanges, making it accessible to a wide range of users.

These strengths collectively enhance the value and functionality of the BLOK token within the Bloktopia metaverse.

Bloktopia's risks

Bloktopia (BLOK) is considered a high-risk investment due to several factors. Firstly, it has significant volatility, which means its price can fluctuate rapidly and unpredictably. This volatility makes it unsuitable for investors who are not comfortable with the possibility of substantial losses.

Another risk factor is the potential for manipulation. InvestorsObserver has given Bloktopia a high risk assessment based on its proprietary scoring system, which evaluates how easily the token's price can be influenced by limited trading activity. This suggests that the token's price may be susceptible to manipulation by a small number of traders.

Additionally, Bloktopia's tokenomics have been criticized, with some users expressing concerns about the large supply of 200 billion tokens. This could lead to issues with token utilization and potentially push rental prices too high.

Furthermore, the project's success is heavily dependent on market demand, user adoption, and competition from similar platforms. Any negative developments in these areas could negatively impact the value of BLOK.

Overall, investing in Bloktopia requires a high tolerance for risk and a thorough understanding of the potential pitfalls involved. It is essential for investors to conduct extensive research and consult with financial professionals before making any investment decisions.

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Did Bloktopia raise funds?

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Bloktopia's ecosystem

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Bloktopia’s team

  • Ross Tavakoli: CEO and co-founder of Bloktopia, with extensive experience in retail investment and the crypto industry since 2015.
  • Paddy Carroll: Chief Marketing Officer and co-founder, with a background in marketing for prominent UK companies like BT Group and Sky.
  • Simon Benson: Chief Technology Officer, with over 25 years of experience in immersive commercial development, including work at Sony.
  • Libby Rothwell: Commercial Director, with 15 years of experience in the film industry, responsible for creating commercial partnerships.

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