What Is Kalao (KLO)? Features, Tokenomics and Future Outlook

To learn more about this project, check out our [deep dive into Kalao (KLO)](https://coinmarketcap.com/alexandria/article/what-is-kalao-klo-features-tokenomics-and-future-outlook).



## What Is Kalao (KLO)?

[Kalao](https://coinmarketcap.com/currencies/kalao/) (KLO) is a [non-fungible token](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) (NFT) ecosystem built on [Avalanche](https://coinmarketcap.com/currencies/avalanche/) (AVAX), a [layer 1](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain). It aims to accelerate the adoption of virtual reality (VR) technology and combines its own VR showroom with [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) capabilities on its NFT marketplace. On the Kalao NFT marketplace, users can create, sell, purchase and collect NFTs. Furthermore, they can also showcase their NFT collections in a personalized 3D NFT gallery. By using Avalanche as its blockchain of choice, Kalao offers fast and secure transactions at low fees. Kalao also aims to integrate NFTs into real-world use cases by enabling users to exhibit their art, sell luxury goods through the marketplace, or even use it as an event ticketing framework. In the future, Kalao plans to build a metaverse called “The Citadel,” where users can buy or rent lands, promote their businesses, or invite people over for a virtual hangout.


## Who Are the Founders of Kalao?

[Kalao](https://coinmarketcap.com/currencies/kalao/) (KLO) was founded by CEO Hassan Benahmed and chief marketing officer (CMO) Efe (last name unknown). Although not much is known about the team behind Kalao, the project has an illustrious list of backers and investors that include [Avalanche](https://coinmarketcap.com/currencies/avalanche/) (AVAX), AvaLaunch, Maven Capital, OkEx Blockdream Ventures and Fantom, to name but a few. It has a particularly strong relationship with Avalanche, whose “vision fits perfectly with Kalao’s ambition,” in the words of Kalao’s CEO Benahmed.


## What Makes Kalao Unique?

[Kalao](https://coinmarketcap.com/currencies/kalao/) (KLO) aims to stand out by offering a fully [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized), scalable and low-cost NFT marketplace. That is crucial to fulfilling its goal of bringing real-world use cases to NFT like:



* **Event ticketing**. Event organizers will be able to use the Kalao Marketplace to issue and sell tickets for concerts, sports events and seminars; users can trade tickets; artists can stream their concerts live and thereby reach out to a wider audience.
* **Luxury goods commerce**. Companies can sell luxury goods, with users able to try them virtually before purchasing. In future, users will be able to display their luxury goods in the Kalao metaverse, “The Citadel.”
* **Art exhibitions**. Artists can display their works and users can enjoy digital art the same way as they would with other forms of art. 

Unlike many other marketplaces, Kalao offers VR technology to augment and improve the user experience. Its Kalao Gallery is a VR gallery where visitors can immerse themselves in art exhibitions, concerts, and more. All of Kalao’s virtual galleries will be supported on PC, as well as on mobile. 

By providing a single trading hub, Kalao aims to streamline the process for artists and buyers alike and to allow for a more immersive and pleasant experience. Kalao plans to bring features like live event broadcasting and real-world use cases live in 2022. 


## Related Pages:

Check out [Avalanche](https://coinmarketcap.com/currencies/avalanche/) (AVAX) — the blockchain Kalao is built on.

Check out [Solana](https://coinmarketcap.com/de/currencies/solana/) (SOL) — another high-speed layer 1 blockchain.

Read our [deep dive into Kalao (KLO)](https://coinmarketcap.com/alexandria/article/what-is-kalao-klo-features-tokenomics-and-future-outlook).

Get the latest crypto news and latest trading insights via the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


## How Many Kalao (KLO) Coins Are There in Circulation?

The total supply of [Kalao](https://coinmarketcap.com/currencies/kalao/) (KLO) is 500 million. The current circulating supply of KLO is 11.735 million. Kalao’s tokenomics are as follows:



* 45% – community rewards
* 15% – team, six months locked, linear vesting
* 7.5% – advisors, six months locked, linear vesting
* 12.5% – ecosystem
* 20% – sale (8% seed round at $0.025, 10% private round at $0.035; both three months locked, linear vesting. 2% public round at $0.04; six months linear vesting)


## How Is the Kalao Network Secured?

[Kalao](https://coinmarketcap.com/currencies/kalao/) (KLO) runs on [Avalanche](https://coinmarketcap.com/currencies/avalanche/) (AVAX), one of the most popular layer 1 blockchains out there. Avalanche has its own [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). As distinct from [proof-of-work](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow) (PoW) or [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS), all [nodes](https://coinmarketcap.com/alexandria/glossary/node) on Avalanche process and validate transactions by employing a directed acyclic graph ([DAG](https://coinmarketcap.com/alexandria/glossary/directed-acyclic-graph-dag)) protocol. In this way, transactions are processed simultaneously and [validators](https://coinmarketcap.com/alexandria/glossary/validator)’ random polling ensures that transactions are correct with statistical certainty. Unlike PoW and PoS, there are no [blocks](https://coinmarketcap.com/alexandria/glossary/block) in this consensus mechanism, thus allowing for immediate finalization and significantly improving the blockchain’s speed.


## Where Can You Buy Kalao (KLO)?

[Kalao](https://coinmarketcap.com/currencies/kalao/) (KLO) is available on [ZT](https://coinmarketcap.com/exchanges/zt/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [TraderJoe](https://coinmarketcap.com/exchanges/traderjoe/) and [Pangolin](https://coinmarketcap.com/exchanges/pangolin/).

If you want to learn more about how to start buying [cryptocurrencies](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies), you can read more in [this guide](https://coinmarketcap.com/how-to-buy-bitcoin/).


Kalao framework will accelerate adoption of VR technology to develop virtual worlds and sustain digital transformation of business use cases.
Kalao Marketplace is powered by fast, secure and low-fees Avalanche blockchain, supporting both X-Chain and C-Chain networks, offering multiple auction types and rewarding you for your loyalty.
Fully decentralized, it provides access to a superior tech and advanced features in a seamless experience.
Kalao aggregates all NFTs available on the Avalanche C-chain. So, you don’t have to navigate other marketplaces, there is only one place to go : Kalao marketplace.
Kalao is developing a unique way to experience NFTs. Magnify your NFTs in a full 3D virtual reality experience. With or without a VR headset, Kalao supports multi-platforms. You’ll feel right at home in Kalao Galleries.

Kalao

HyperPay

Avalanche C-Chain

Avalanche

Coq Inu

Pangolin

BENQI

Tether Avalanche Bridged

OpenBlox

Avalaunch

Bitcoin Avalanche Bridged

Platypus Finance

BENQI Liquid Staked AVAX

Nuklai

Snowball

Gamer Arena

Wrapped AVAX

Nitro Network

USD Coin Bridged

XANA

ROCO FINANCE

CEEK VR (CEEK) is a metaverse platform that connects creators with their fans in virtual worlds, allowing artists to gain attention, reach audiences around the world. CEEK is an AI based platform for virtual landowners and ceek users (ceekers) to build worlds.

Artists get new sources of income, and advertisers get the opportunity to identify user traffic and establish financial transparency by using CEEK VR. Access to the CEEK VR metaverse can be obtained on the official website, as well as via VR headsets: Oculus, HTC Vive and CEEK mobile VR headset.

The manufacturer of virtual reality headsets CEEK VR and headphones CEEK 4D is positioned by the team as "an award-winning developer of premium social virtual and augmented reality experiences." CEEK VR designs are proprietary and can be purchased through major retailers like Best Buy and Target.

The company's mission is to create a clear and easy-to-use decentralized VR entertainment metaverse, where music artists, athletes and event creators acquire the necessary tools to digitally monetize creativity.

CEEK VR allows users to attend live concerts and exclusive events along with their friends, from anywhere in the world, at any convenient time. Moreover, the company suggests that users will be able to participate in the platform's virtual events.

The virtual community has been formed since 2016 and CEEK is currently partnering with Universal Music, Meta Oculus, Apple and Microsoft, T-Mobile and Baptist Health, which allows the project to accelerate audience growth and get strong recommendations. The collaboration with Universal Music gives the CEEK VR platform the rights to use live performances with world-famous artists such as Lady Gaga, Ziggy Marley, Demi Lovato, U2, Sting, Bon Jovi, etc.

CEEK VR

BOSagora

Wilder World

Efinity is a cross-chain NFT platform developed by Enjin and built on Polkadot. Efinity was created as the next generation blockchain for digital assets with the aim of adapting to the challenges of the world of non-fungible tokens (NFTs), according to the project.

The main specialization of the Efinity project is the NFT space. With the protocol, traders and gamers can create, distribute, transfer, sell and buy NFTs. Efinity aims to remove barriers to entry into the NFT space/decentralized gaming, and to simplify user experience and digital asset governance.

Efinity Token powers the entire Efinity ecosystem, EFI aims to prioritize the generation, transfer and purchase of tokens using an inter-chain infrastructure of protocols resulting in lower transaction fees. As for incentives, rewards on PoW blockchains with NFT functionality go to miners who create/trade tokens, thereby forming a community.

One of the long-term goals of Efinity is to become a hub for both fungible and non-fungible tokens, accepting tokens from any other chain, facilitating the pricing and exchange of NFTs, increasing transaction volume, and creating network effects.

In December 2021, the project won the Polkadot parachain auction, and in March 2022, Enjin launched their flagship parachain Efinity on the Polkadot Relay Chain — a blockchain platform that provides a decentralized parachain network where people havecontrol over their data and identity.

Efinity Token

RFOX

Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create.

Bloktopia

Aurory is a next-generation studio building a universe of interoperable web3 games. Two original IP’s were born from this universe, which are actively shaping the future of the Aurory player experience.

The first of these two IP’s are Aurorians. A collection of 10,000 anime style NFT characters that double as both a PFP, as well as a playable avatar with various in-game perks.

The second are Nefties. These magical creatures have been designed as non-fungible tokens NFTs with a unique set of stats that influence their performance in-game. They serve as companions on each player’s journey, and can be hatched, traded, collected, and used in battles.

Aurory currently hosts two playable games (both in alpha) which continue to evolve in a live-ops development format:

Seekers of Tokane: A JRPG, where players embark on a dangerous rogue-like adventure through the world of Tokane, collecting and battling fierce Nefties in epic turn-based combat.

Aurory Tactics: A PvP timeline-based battling game where players must learn how to best use their Neftie creature's abilities, competing against opponents to rise to the top of the leaderboard for rewards and glory.

The project proudly boasts one of the most experienced executive and development suites in blockchain gaming, with dozens of talents from established gaming studios, such as Ubisoft, Electronic Arts, Rovio, Warner Bros, and more.

Aurory

Dvision Network

JOE (JOE) is the native token of Trader Joe, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain that offers DeFi services, including swapping, staking and yield farming. The exchange has been growing rapidly, attracting over $4 billion in total value locked (TVL) since it was launched in June 2021. Trader Joe claims to take a community-first approach, and to prioritize innovation, speed and safety. It aims to provide a one-stop-shop DeFi experience and to integrate new products without compromising on security. To achieve this, Trader Joe has outlined an ambitious roadmap that focuses on token-holder growth. It plans to have improved staking, non-fungible-token (NFT) exchange listings, the collateralization of the JOE token, and leveraged trading –– all during 2021.

BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The lending protocol allows users to lend, borrow, or earn interest using their digital assets.  The Liquid Staking protocol provides a solution for capital efficiency, offering users the opportunity to unlock their “staked” AVAX to be used on Decentralized Financial protocols

The founding team chose Avalanche because of its decentralized network’s claimed high scalability, low fees and compatibility with popular plugin wallets.

BENQI was founded in 2021 with $6 million in backing. Among its strategic investors are Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, Moon Inc.

Who Are the Founders of BENQI?

Rome Blockchain Labs Inc. is responsible for the development of BENQI. It is an incubator and a software development firm specializing in decentralized finance (DeFi). JD Gagnon is one of the co-founders and CEO of Rome Blockchain Labs. The two other co-founders are Hannu Kuusi and Alexander Shul.

JD Gagnon graduated with a bachelor’s degree in commerce in finance and accounting from the University of Alberta in Edmonton, Canada. Before Rome Blockchain Labs, Gagnon has created the Velox algorithmic trading platform. Gagnon is also the founder and CEO of Scotch & Ramen Media, Inc. and CSO of Etheralabs, Inc.

Hannu Kuusi has experience building institutional-grade infrastructure for financial technology (fintech) and military applications.

Alexander Szul is in charge of managing the development of the BENQI liquidity market platform.

What Makes BENQI (QI) Unique?

BENQI (QI) claims to be the first DeFi Lending project on the Avalanche platform. It offers DeFi users from congested and centralized networks the option to move and place their unused assets on BENQI with no hurdles and low network fees. Avalanche allows BENQI users to seamlessly and affordably access decentralized financial services and increase control over their strategies.

Developers have the option to use BENQI to create financial products using the protocol and governance tokens.

BENQI also aims to ease the overloading of the Ethereum network by providing Ethereum users with a less expensive and faster alternative. BENQI members can withdraw liquidity from the shared liquidity market, borrow from the liquidity market and get a clear view of interest rates.

My Neighbor Alice is a farming-themed play-to-earn builder game built on Chromia. The game bills itself as a place where “players can buy and own virtual islands, collect and build exciting items while also making new friends.” Each player has their own avatar representing them in the game, which they can modify as they please. Players can buy virtual real estate from Alice, the game’s eponymous central figure, or the internal marketplace. All purchased land is represented as an NFT.

My Neighbor Alice aims to introduce blockchain to millions of players and targets a diverse gaming community within the traditional gaming market. Although the game is blockchain-based and integrates DeFi features, it does not require prior knowledge of cryptocurrency and blockchain. My Neighbor Alice takes inspiration from several popular sources. For instance, daily in-game tasks and social aspects are inspired by Animal Crossing, whereas Minecraft serves as a role model for building mechanics. The artwork was inspired by the Swedish children’s book Pettson and Findus.

MyNeighborAlice

Web3's Decentralised Commerce Layer.
Sell physical things as redeemable NFTs, everywhere, online, in-game and in-verse.
We have solved the hard tech problems of tokenizing and twinning physical items, so you can focus on creating innovative Web3 commerce experiences for your customers.
Our no-code, low-cost tools make it easy to tokenize and sell physical products as NFTs everywhere, including your own Web3 store, the Metaverse, or on NFT marketplaces.
Redemption can be integrated into your own website, giving your brand full control of the customer experience.
With Boson, you can create phygital assets and token-gate purchases, allowing you to effortlessly develop engaging and rewarding digi-physical commerce experiences.
Buyers can redeem the NFT for the physical with the assurance that either they will receive the item or their money back- all without the need to trust intermediaries or sellers, just code and independent dispute resolvers.  Alternatively, Buyers can transfer, gift, trade or hold the NFT - just like any other NFT.
Boson is a groundbreaking technology recognized as a Technology Pioneer by the World Economic Forum. As a decentralized protocol, Boson is built for the benefit of and governed by its users. Consequently, Boson only charges a minimal 0.5% per transaction protocol fee.

Boson Protocol

Aavegotchi (GHST) is the governance token of the Aavegotchi NFT Gaming protocol. GHST token holders receive voting power in the AavegotchiDAO, which oversees all aspects of the protocol, Aavegotchi’s flagship game the Gotchiverse, and Aavegotchi NFTs.

Aavegotchis themselves are pixelated ghosts backed by the ERC-721 token standard. The Aavegotchi NFTs have dynamic metadata that changes over time through user interaction.

An Aavegotchi’s value and rarity is determined by its collateral stake, traits and wearables.

Collateral stake is based on the innovative ERC721 Aavegotchi NFT that manages an escrow contract holding Aave-backed ERC20 collateral or "aToken," which generates yield via Aave's LendingPool. Traits are based on random traits upon birth, kinship and experience (XP).

The protocol is called Aavegotchi as a nod to Aave, which translates to “ghost” in Finnish, and is powered by the Aave protocol, one of the leading lending protocol in DeFi. The token ticker also cleverly spells out “ghost,” minus the vowel.

Aavegotchi

Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra promises a solution that is more equitable to players and developers alike. Players can benefit from immediately playable games, earn UOS by using the platform, and access platform-exclusive games. At the same time, developers benefit from access to more effective marketing tools and the potential for 20% higher sales revenue.

Besides content and game publishing, Ultra offers a demand-side and service-side platform for advertisers, the opportunity for players to resell their used games, and a platform-exclusive app.

Ultra

Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds. Due to this, Alien Worlds also has a decentralized finance (DeFi) element to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).

Play-to-earn (P2E) NFT games have seen an exponential rise in popularity and value this year. Alien Worlds allow the players, called “explorers” to earn monetary rewards through gameplay or participation in Planet DAOs. By mining in Alien Worlds, a user is rewarded with the native, in-game currency — Trilium (TLM) or NFT packs. Players can stake TLM to boost their rewards or battle with other users for NFTs.

To date, Alien Worlds has established a fair amount of its roadmap, having TLM on Binance launchpad and farming period of TLM on Binance Launchpool. A large portion of game developments have been forged as well. Moving forward, Alien Worlds aims to automate the claiming process of daily allocation to landowners in the game. Artifacts NFTs are soon to be released, and future plans include NFT interoperability.

Alien Worlds

Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization.

Instead of painstakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.

Having achieved product-market fit, we are now planning to execute the next phase of Covalent, which is a progressive decentralization that will enable the Covalent Network to be owned and operated by its users. Of course, a critical piece to this is CQT.

CQT is the native token of the Covalent Network. It has three primary purposes:

CQT is a governance token, whereby token holders vote on proposals to change the system parameters.

CQT is a staking asset. Validators will earn fees for answering queries.

CQT is a network access token that fulfills data queries for users of the API.

Developer resources include:

Covalent Knowledge Base for extensive guides on how to use the Covalent API. 

Covalent API Documentation.

Covalent

RACA

Polkastarter is a decentralized fundraising platform empowering Web3 projects to launch and raise funds through multi-chain token pools whilst significantly growing their communities.

The platform supports initial dex offerings (IDOs) across major blockchains, including Ethereum, BNB Chain, Solana, Polkadot, Polygon, Avalanche and Celo.

The platform enables investors to secure early access to IDOs, NFTs and Gaming Web3 innovation. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.

Through Polkastarter, blockchain projects can easily create their own fixed-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.

POLS is the native utility token of the Polkastarter platform. Its main utility is gaining access to pools and giving projects the option to give priority access to POLS holders. Users are incentivised to stake POLS, rewarding the most loyal members.

In Q4 2022, Polkastarter will release new community utility features, such as governance and POLS Power Boosters (increasing your allowlisting success). The platform first went live in December 2020, and has quickly grown to become one of the most commonly used platforms for initial DEX offerings (IDOs) operating on the Ethereum blockchain.

Polkastarter

Mines of Dalarnia (DAR) is an action-adventure game with a blockchain real-estate market. MoD is based on a simple and simultaneously captivating gameplay, where users can mine and combine in-game items, then utilize them to upgrade their characters (skills and equipment), thereby increasing their rank in the game. Players can go in search of rare artifacts / relics / minerals, complete quests, team up with other players to defeat monsters and unlock rewards.