What is Coke
Last updated
Last updated
Coke is an experiment implementing the GP101 primitive. Coke deploys games that fit the standard and can be completely fair and community-driven.
In the past, other chains outside of Solana such as Arbitrum and Avalanche saw credible attempts at lending-based games.
DeFi Kingdoms, which now is deployed as a subnet on Avalanche, hit a peak valuation at over $2 billion, rising to as high as $2.5 billion FDV, which allowed DeFi mechanisms focused on lending.
xPet, a pet-growing game on Arbitrum, surged to as high as $600 million in FDV, showing signs of clear traction for fair lending-based on-chain games.
Despite the hype around lending games, we believe the eventual decline in their valuations can be attributed to the lack of a fair launch and community-driven elements.
If a Lend-to-Earn (LTE) has a large chunk of the supply pre-owned by VCs, it becomes a matter of time before the game economy falters as the distribution for rewards and the vesting of VCs collide.
If proper lending mechanisms are provided with fair tokenomics (akin to memecoins), we believe the game economy becomes sustainable and therefore, making the token itself more sustainable.
Coke launches LTE games that strictly adhere to the GP101 standard. The first game of Coke is called Coke Pets.