What is Bloktopia?

Bloktopia is a decentralized Virtual Reality (VR) metaverse built on the Polygon blockchain. The VR world takes the form of a 21-storey skyscraper, with each level representing one million bitcoins. Bloktopia aspires to be the go-to destination for all things crypto, offering users a variety of educational, entertainment, and earning opportunities. The BLOK token will power the Bloktopia metaverse and be utilized to purchase land, gain access to premium content, and take part in a variety of other activities. BLOK tokens are available for purchase on a number of cryptocurrency exchanges.

Here are some of the key features of Bloktopia:

• A decentralized VR metaverse built on the Polygon blockchain
• 21 levels, each representing one million bitcoins
• A variety of educational, entertainment, and earning opportunities
• The BLOK token can be used to purchase land, access exclusive content, and participate in various activities
• Partnerships with leading crypto companies such as Binance, KuCoin, and Polygon
• Over 40 million USD in funding from investors such as Animoca Brands and Polygon Studios

The Bloktopia DAO

It is a voting system that allows BLOK holders to influence Bloktopia's direction. You become eligible to participate in the governance process and exercise your voting rights using your holdings of BLOK. The DAO currently operates on the Polygon (MATIC) and Binance Smart Chain (BSC) networks, with plans to expand to Arbitrum (ARB) soon. To learn more about the DAO, click here.

Getting Involved

To participate in the DAO proposals, you must have BLOK tokens and an opinion. As a token holder, you have the ability to cast your vote on the proposals that will shape Bloktopia's future. Your participation is not only useful in influencing decisions, but it also earns you an APY, which is Bloktopia’s added incentive to participate. You can vote multiple times if you own BLOK on multiple networks.

Several exciting proposals are currently live on the Bloktopia DAO platform, including one significant suggestion (Proposal #3) concerning the total supply of BLOK tokens. Click here to explore the proposal and cast your vote. Make sure to familiarize yourself with the FAQs, too.

Proposal #3:

Token burning is a process by which tokens are permanently removed from circulation. This is typically achieved by sending the tokens to a burn address, which is a special address that is inaccessible to anyone. Token burns can have significant impacts on the price of a token, one of which is the reduction of the overall token supply, which can create a higher demand and drive up the price.

In the case of Bloktopia, a token burn of 30% or 40% would result in a substantial reduction in token supply, which could stimulate greater demand and potentially lead to a price increase. However, it's essential to consider that other factors, such as overall market sentiment and project-related news, can also have a major influence.

Steps for voting

1. Send BLOK tokens using either the Polygon (MATIC) or Binance Smart Chain (BSC) networks to your own wallet of choice
2. Connect your wallet to the DAO site
3. Select your voting option
4. Enter the BLOK amount to stake for the voting period
5. Confirm your vote
6. Cast your vote

Impact

Bloktopia looks to be encouraging community engagement, decentralization, and collaborative decision-making by providing token holders with a voice and voting power. The DAO enables Bloktopians to actively define their growth and development, resulting in a more inclusive and participatory environment.

Additionally, token burns can be beneficial for a project as they can enhance the token's value and attract new investors.

Opportunity and risks for investment

While any DAO focuses primarily on governance and community engagement, owning BLOK tokens with Bloktopia's DAO represents a small financial incentive, too. Additionally, as the Bloktopia ecosystem grows in popularity, the demand for BLOK may rise, perhaps contributing to a value increase. However, it's important to note that in crypto, anything is possible. It's a must to conduct thorough research and follow tried and trusted investment strategies. Follow our Twitter and join our Discord server to get the latest updates as they happen.