Koy Network Sustainability Focus

The Koy Founders, together with the executive leaders, don’t only have ample knowledge on all the facets of the blockchain technology but a tried-and-tested skills and expertise running a network since the dawn of Ethereum development.

These are the sustainability measures which we will all be focusing on a long-term basis for the viability and success of this startup based on the skills and experience in this industry:

1. Revenue Model: A sustainable blockchain startup should have a clear and viable revenue model. This includes understanding how the company plans to generate income, whether through transaction fees, token sales, licensing, or other means. The revenue model should align with the value proposition of the blockchain solution. The founders are now finalizing how we will be able to have this one sorted out. It may come from a joining fee from the dapps getting onboarded or any products and services that we may offer sooner or later.
2. Cost Structure: Evaluating the startup’s cost structure is crucial. This involves understanding the fixed and variable costs associated with developing and maintaining the blockchain platform. Efficiency in cost management is important for long-term sustainability. It will start with the founders and the executives. We all work with no compensation (yet) at all and just purely out of fulfilling our mission and vision to saturate the African Region. Unlike the networks we’ve all been into, the CEO, COO, BizDev, and Liquidity / Exchange Director and other roles have humungous amount of wages that are taken-off to the funds of the network per month without any KPI’s and target metrics being shown publicly to the community.
3. Network Effect: The strength of the network effect is a significant factor. A blockchain platform becomes more valuable as more participants join the network. Economies of scale can lead to increased adoption, which in turn attracts more users and enhances the overall value proposition. 40,000 Transactions per second is a mind-blowing feature that any blockchain could have. Then a zero-fee transfer capability is already immense when Africa has always been used to heart-breaking fees and the inconvenience they always encounter doin it in any remittance centers that are not easily available in their area.
4. Token Economics: If the startup utilizes its own cryptocurrency or token, the token economics become critical. This includes factors like token issuance, distribution, scarcity, and utility within the ecosystem. A well-designed token economy can incentivize users to participate and contribute to the network. (Koy Network has it’s White Paper that you can always check)
5. Regulatory Environment: Regulatory compliance is essential for sustainability. The startup must navigate the legal landscape, ensuring that its operations align with existing regulations or working proactively to shape favorable regulatory frameworks. Our team has partnered with global lawyers that will ensure strict compliance to the regulations (initially in Africa).
6. Innovation and Differentiation: Blockchain is a rapidly evolving technology. The startup’s ability to innovate, adapt, and differentiate itself from competitors can contribute to long-term sustainability. Continuous improvements and staying ahead of technological trends are crucial. There have been a number of decentralized apps in the test-net now and waiting for them to be deployed in the main-net.
7. Security and Scalability: Blockchain security and scalability are paramount. Users need confidence in the system’s reliability and resistance to attacks. Ensuring the platform can handle increasing numbers of transactions without sacrificing security is important for sustainability. Security has always been a top priority of this blockchain. Coming from a network with Zero-Down Time, we will just continue to be like that.
8. Environmental Impact: The environmental impact of blockchain, particularly energy consumption, can be a sustainability concern. As an economist, assessing the environmental costs associated with the blockchain’s operation is important, especially in an era where environmental considerations are increasingly significant. Since the founders have always been adhering to an ESG-Compliant network all along, we will bring this advocacy to Koy Network.
9. Partnerships and Ecosystem Growth: Collaboration with other startups, businesses, and organizations can contribute to ecosystem growth. Partnerships can enhance the value proposition of the blockchain platform and lead to broader adoption. The admins and the growth team have always been well-connected to their respective fellow crypto and blockchain enthusiast. We also delved into the web3.0 communities that will certainly be proactive in participating with the projects that this awesome network is about to onboard.
10. User Engagement and Retention: High user engagement and retention rates are indicative of a successful and sustainable blockchain startup. Ensuring that users find value in the platform and remain active participants is essential. We are committed that everyone from the founders to the ambassadors to stay active in the community channels and always hear the new community members out.
11. Long-Term Viability: Evaluating the startup’s long-term vision and ability to adapt to changing market conditions is crucial. A sustainable blockchain startup should have a clear roadmap for growth and development beyond the initial stages. We are now currently finalizing the road-map at this moment for the much-awaited coin-presale.

These factors collectively contribute to the startup’s potential for success in the competitive blockchain landscape. We will soon add our Koy Network Founders’ own key points of their own.

With the upcoming presale that is about to get announced VERY SOON! Turn your excitement into a higher notch.

Article created by:

FYCEE APPICS-Philippines — Koy Network Chief Marketing Officer

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