CoinAvatar
CoinAvatar is a platform that converts cryptocurrency into rare digital coins, combining artistic appeal with financial utility. It was founded in 2022 with a primary location in Cologne, Germany, the CEO is Kyrylo lusov and the main business advisor is Sasha Andreiev. It also provides investors with an opportunity to increase returns by up to 15%, offers gift-givers a personalized and memorable way to present cryptocurrency, and introduces beginners to the crypto space with a straightforward and accessible approach. [1] [4] [8] [9]
Overview
CoinAvatar enhances the usability and value of cryptocurrencies by transforming digital assets into visually unique, tangible, and rare forms using Bitcoin Ordinals and ERC-721 standards. It simplifies crypto asset management and introduces innovative earning and investment opportunities. Catering to a diverse audience, CoinAvatar appeals to crypto HODLers, gift givers, DeFi enthusiasts, tech innovators, collectors, and icons or brands looking to engage with tech-savvy audiences. It also serves users leveraging NFTs as loan collateral and those maximizing returns by restaking Liquid Staking Tokens (LST) or Liquidity Restaking Tokens (LRT). CoinAvatar's multi-chain protocol allows users to lock crypto, LST, and LRT to generate yield-bearing LSD assets while maintaining their original investments. This approach offers benefits like daily yields, instant liquidity, zero price drop, and up to 95% loan-to-value (LTV) loans, exceeding the advantages of traditional DeFi platforms. [2] [3]
CoinAvatar has officially launched on Ethereum and Polygon networks, enabling users to mint Molds and Coins directly on these mainnets. Whether seasoned in DeFi or new to the space, users are invited to engage with CoinAvatar's features and explore fresh minting opportunities. [5]
Ecosystem
NFT Coins Constructor: CoinAvatar features an innovative NFT coin construction system, combining unique attributes created by skilled 3D artists and proprietary technology. Each NFT coin incorporates numerous distinct elements, ensuring exclusivity and rarity, which can enhance value in secondary markets.
NFT Marketplace: The platform includes an integrated marketplace where users can trade NFT coins and molds, providing a convenient hub for transactions and value exchange.
Liquid Staking: CoinAvatar offers liquid staking, enabling users to mint yield-generating NFT coins that represent a 1:1 reflection of their staked cryptocurrency. Users can stake directly on the platform or through various DeFi protocols, offering flexibility and a seamless staking experience. [2]
Platform Utility
CoinAvatar provides a variety of functionalities centered around the creation and use of NFT molds and coins. Users can create molds, which serve as the basis for minting unique NFT coins. Each mold can only mint one NFT coin, but users can fuse molds to produce new ones with enhanced attributes, allowing for the creation of more complex NFT coins that offer staking bonuses and higher market value. These NFT coins can be used for:
- Liquid Staking: Users can stake their NFTs directly on CoinAvatar or through various DeFi protocols.
- Marketplace Trading: NFT coins and molds can be traded on the platform’s marketplace, often at a premium above the cryptocurrency locked within them.
- Locked Interest Rate: NFT coins can be sold with a fixed interest rate, adding extra value.
- Liquid NFTs: NFT coins can be traded or used in DeFi protocols while the underlying cryptocurrency is still staked, offering flexibility and liquidity.
- Maximized Lending Power: NFTs minted on CoinAvatar have a stable floor price, enabling up to 95% Loan-to-Value in NFT lending protocols.
- Create Collections: Users can build and share collections of their unique NFT coins with others. [2]
Roadmap
- Mainnet Launch
- Token Listing on Exchanges
- Integration of Multichain: Layer N
- DAO Implementation
- Support for New Cryptocurrencies
- Support for Additional Cryptocurrencies
- Integration of Popular Liquid Staking Protocols
- Support for LP Tokens
- Influencer Marketing for Mobile App
- ASO Optimization for App Launch
- Release of iOS and Android Apps
- Co-marketing Activities
- Public Relations Support for Multichain
- Addition of Popular DEXs
- Integration of NFT AMM
- Influencer Social Media Marketing Campaign
- Public Relations Support for NFT AMM
- Multichain Integration Expansion
- Influencer Videos on New Features
- Trading Competitions
- Growth of Marketing Efforts [2]
Tokenomics
CoinAvatar Token ($CAV)
CoinAvatar's ecosystem is powered by the native CAV token, a fungible utility and governance token that supports the ERC-20 standard. CAV tokens are utilized in various platform activities, such as creating and fusing NFT molds, minting and demolishing NFT coins, and participating in transactions within the marketplace. Additionally, users can stake NFT coins multiple times and participate in DAO voting, which will be enabled once the platform progresses beyond its MVP stage.
Key details of the CAV token are as follows:
- Symbol: CAV
- Category: DeFi/NFT
- Max Supply: 924,896,700 tokens In addition to the CAV token, CoinAvatar also incorporates non-fungible tokens (NFTs), which follow the ERC-721 standard. These include NFT molds and coins, used to mint and trade digital assets within the ecosystem. [6] [2]
Allocation
Token Utility
The CAV token supports various functions within the CoinAvatar ecosystem, including:
-
Creating molds and coins.
-
Melting down molds and coins.
-
Fusing molds to generate new assets.
-
Buying and selling assets on the marketplace.
-
Staking to earn rewards.
Partnerships
Armeda Partnership
CoinAvatar has partnered with Armeda to enhance cross-chain experiences and explore innovative solutions. This collaboration seeks to leverage the strengths of both platforms to provide users with expanded opportunities in the digital asset space, focusing on seamless integration and enhanced functionality. [7]
