What is Bloktopia?
The Bloktopia token or BLOK is the utility token of Bloktopia - a blockchain-based metaverse built on Polygon.
As the native token of Bloktopia, BLOK is the driving force behind the entire project. It has several use cases, however, it’s mainly used as a medium of exchange within the metaverse.
For instance, real estate or REBLOK, which comes in the form of non-fungible tokens (NFTs), can only be purchased with BLOK tokens.
Moreover, BLOK holders receive exclusive access to digital events. They can acquire digital assets quicker via pre-sales.
BLOK plays an important role in securing the network. Users can participate in this process by staking their tokens and earning BLOK in return.
BLOK is based on the ERC-20 token standard.
Anyone can acquire BLOK tokens via major supported exchanges. You can find our list of recommended exchanges in the section above.
There is a max cap of 200,000,000,000 BLOK tokens which makes the supply deflationary. As such, it’s possible that as BLOK becomes more scarce, the Bloktopia price will increase.
Bloktopia tokens have been distributed as follows:
- 33% - Treasury;
- 25% - Staking;
- 15% - Team;
- 7% - Advisors;
- 6.16% - Second Private Round;
- 4.15% - First Private Round;
- 4% - Seed Round;
- 3.29% - Early Adopters;
- 1.4% - Public Sale;
- 1% - Exchange Liquidity.
As a cryptocurrency, the Bloktopia price tends to fluctuate. You can keep up with these fluctuations via our tracker above.
In the case of Bloktopia, it will provide you with a better look at the current BLOK price and its trends.
What are the Main Features of Bloktopia?
Bloktopia is a metaverse powered by blockchain technologies. The entirety of the metaverse exists in a skyscraper. The skyscraper itself has 21 floors inspired by the 21,000,000 Bitcoins - the first ever cryptocurrency.
Residents of Bloktopia are called Bloktopians. In order to become one, you must first have a passport to prove your Bloktopian citizenship. This can be done by creating a Bloktopia wallet.
In Bloktopia, users are represented by their avatars - digital characters that are completely customizable.
Aside from proving that you are part of the Bloktopia metaverse, this digital wallet will be where you hold your BLOK tokens.
Bloktopia is based on four principles - learn, earn, play, and create.
Learn - Bloktopia aims to become a crypto hub where anyone can educate themselves about blockchain technologies from A to Z.
Earn - Bloktopia aims to provide a variety of ways to earn a passive income;
Play - Bloktopia is a virtual space where people can come together to hang out, relax, and have a good time.
Create - Bloktopia provides all of the necessary tools to let your creativity run free. Users can create digital content or even develop their own games.
As discussed in the What is Bloktopia section, users can purchase digital land within the Blotkopia metaverse. REBLOK owners can rent out their digital space and earn a passive income.
There are two types of ownership when it comes to these digital pieces of land - sole ownership and joint ownership. The usage of joint ownership NFT is determined via a vote. A single NFT represents sole ownership while multiple NFTs represent joint ownership.
Another type of digital land within Bloktopia is ADBLOK - an advertising space that generates revenue. All of the earnings gathered by ADBLOK It can be acquired via BLOK tokens.
ADBLOK is also referred to as totems. There are two types of totems - small totems and large totems.
When it comes to governance, Bloktopia will be governed by its community with the help of another native token called BLOKG. It will enable users to vote on proposals and change the course of the Bloktopia project.
Bloktopia has been audited by Zokyo. Its audit report is publicly available for anyone to review.
Who Developed Bloktopia?
The Bloktopia crypto project was launched in 2022. It was co-founded by tech entrepreneurs Ross Tavakoli and Paddy Carroll who are taking the roles of CEO and CMO respectively.
Ross Tavakoli is a crypto enthusiast who has been in the sector for over 6 years. He has a background in retail investment and uses his experience to further the Bloktopia project.
Paddy Carroll is a marketing expert. Prior to co-founding Bloktopia, he worked at Sky and BT group.
The core team is also joined by the CTO, Simon Benson, and CIO, Libby Rothwell.
Bloktopia has signed partnership agreements with major players in the crypto industry including Venly, Anzu, Babylons, Zokyo, and, of course, Polygon.
The project is backed by Animoca Brands, Avalanche, Polygon, x21, Bitboy Crypto, Genblock Capital, AU21 Capital, Magnus Capital, Anti Fund, ZBS Capital, CryptoWendyO, TKX Capital, and Shima Capital.
Before jumping into the project, please make sure to do your research. You can start by analyzing the BLOK price history on the graph above.
