NEOPIN Valuation Outlook: The Crypto Creation of a Korean Gaming Giant, Exploring the Optimal Solution of DeFi + CeFi

NEOPIN was established in 2021 as a "one-stop, non-custodial licensed protocol for the secure use of encryption under a regulatory framework, while incorporating the advantages of both CeFi and Decentralized Finance. Based on a stable security protocol and a regulated environment, NEOPIN aims to bridge the gap between traditional finance and DeFi protocols."

The parent company of NEOPIN is the renowned South Korean gaming company Neowiz. NEOPIN has currently been selected for the innovation program of the Abu Dhabi Investment Office (ADIO), which manages the sovereign wealth fund of the United Arab Emirates, attracting both direct and indirect investments. NEOPIN is collaborating with the UAE government to develop a DeFi regulatory framework and is expanding services based on this framework globally.

The NEOPIN official website introduces that its team members come from certain well-known companies. Through LinkedIn, it can be seen that NEOPIN currently has no fewer than 30 employees, with most team members coming from South Korea, which is quite a considerable talent pool in the web3 startup sector.

NEOPIN believes that centralized exchanges represented by CeFi have encountered numerous problems due to unclear management of customer funds and ethical issues, resulting in many victims. DeFi also faces a series of risks including oracle risks and protocol defects, leading to massive disasters. Therefore, NEOPIN has proposed a new concept of "permissioned DeFi."

The permissioned DeFi protocol established by NEOPIN is committed to providing a stable, secure, and compliant platform while maintaining high transparency, innovation, and flexibility.

In terms of regulatory compliance, NEOPIN has become the first DeFi protocol to collaborate with the Abu Dhabi Global Market (ADGM) to develop and integrate a regulatory framework.

In terms of the functions of the DeFi protocol itself, the NEOPIN ecosystem also connects various encryption financial services such as P2E, S2E, M2E, and NFT, allowing users and liquidity providers to benefit from the ecosystem token $NPT.

With the product updates of NEOPIN, the crucial non-custodial wallet NEOPIN Wallet in its ecosystem is hard to ignore.

Firstly, it is not just a simple encryption wallet; it represents a comprehensive blockchain ecosystem. This is reflected in its provision of a seamless experience for users, ranging from basic wallet functions to advanced financial services. Its ecosystem design allows users to explore Decentralized Finance, NFTs, and other blockchain-based innovative products and services, thus extending beyond traditional asset management.

More importantly, the design of the NEOPIN App focuses on user experience, with its intuitive interface and simple operation process making the management of encryption assets incredibly easy, even for cryptocurrency beginners.

The compliance of NEOPIN is also fully reflected in its wallet application. After creating or importing a wallet, a simple KYC verification is required. The good KYC process simplifies the user identity verification process. Through simple steps and clear guidance, users can quickly complete the verification and enjoy a wider range of services and features.

What are the differences between NEOPIN and other DeFi protocols in the market? Why is NEOPIN likely to shape extremely high user loyalty? We believe that the outstanding highlights of NEOPIN include at least the following three points:

1. NEOPIN is the only DeFi protocol that simultaneously supports the Klaytn and Finschia networks.

To understand this, it is necessary to first understand the following background information:

On February 15 this year, the Klaytn public chain and the Finschia public chain agreed to merge in order to build Asia's largest Web3 ecosystem, Project Dragon, covering over 250 million Asian wallet users.

The backgrounds of Klaytn and Finschia are both very strong: Klaytn is a public chain developed by a subsidiary of a South Korean internet giant.

A certain chat tool is the most popular instant messaging tool among Koreans, equivalent to WeChat in Korea; Finschia is a public chain developed by a subsidiary of a Japanese internet giant. A certain instant messaging tool is the most popular instant messaging tool among Japanese people, equivalent to WeChat in Japan.

The merger of the Korean version of WeChat and the Japanese version of WeChat's public chain is likely to become a landmark event in the blockchain industry, potentially triggering a "blockchain merger" trend in the future.

In the world of Web3, it's important to know that blockchain "forks" are very common, while blockchain "mergers" are extremely rare. During the hard fork of a certain cryptocurrency in 2017-2018, the blockchain industry experienced a "forking wave", with many project teams forcibly creating "community conflicts", resulting in a large number of forked coins (, such as certain cryptocurrencies ). However, it has been proven that these forked coins have mostly fallen into obscurity.

On the contrary, the "merging" of blockchain is rarely proposed or implemented. However, it is a very obvious truth that a purely divisive approach will only make the blockchain world increasingly fragmented, with various forces operating in isolation, project parties reinventing the wheel on different public chains, issuing various tokens, resulting in an already small-scale Web3 world with extremely fragmented assets.

The concept of blockchain merging is different: the merging of public chains signifies the crystallization of community will and the establishment of a higher level of consensus. Furthermore, from the perspective of traditional finance, "forking" is equivalent to "spin-off listing," while "merging" is akin to "mergers and acquisitions." In traditional financial markets, the latter occurs far more frequently than the former. Spin-off listings usually only bring temporary speculation, while mergers and acquisitions are important means for enterprises to grow and strengthen.

Therefore, we firmly believe that the frequent occurrence of blockchain "forks" is merely an interlude in the development process of the web3 world. In the long run, blockchain "mergers" represent the progress and future of the web3 world.

So, what is the relationship between this merger and NEOPIN?

------Because NEOPIN is the only DeFi protocol that supports both the Klaytn and Finschia networks and is a member of the governance committee.

In order to assist with this historic blockchain merger, NEOPIN has done a lot of preparatory work (. For example, NEOPIN has launched the first cross-chain bridge between Klaytn and Finschia, supporting bidirectional cross-chain between Klaytn and Finschia ).

In such a complex and massive merger project, users who use on-chain protocols or hold on-chain assets are bound to encounter many unprecedented issues. As the only DeFi protocol that simultaneously supports both the Klaytn and Finschia networks, NEOPIN's every move is closely watched by the market, and the launch of each new feature is expected to serve as an important example of how DeFi protocols can respond to blockchain mergers.

If NEOPIN performs excellently in this merger, then in more blockchain mergers in the future, NEOPIN, as the first DeFi protocol to take the plunge, will definitely have the opportunity to play a greater role.

2. NEOPIN actively embraces regulation and leads the development of the DeFi regulatory framework.

In recent years, with the continuous expansion of the encryption market, regulatory agencies in various countries have intensified their investigations and regulatory efforts in the web3 field. An increasing number of projects are being brought under regulatory frameworks, which has become an inevitable trend. Issues such as lack of transparency, vulnerability to hacking, and compliance risks are significant problems that restrict the long-term development of Decentralized Finance projects.

NEOPIN, as one of the earliest protocols to propose "permissioned Decentralized Finance", has chosen to actively embrace regulation, which is a very bold and forward-looking move.

Proactively choosing to cooperate with regulatory authorities in the early stages of a project helps to build a cryptocurrency usage platform that aligns with the regulatory framework while fully leveraging the advantages of Decentralized Finance and CeFi. Its collaboration with the UAE government to develop a DeFi regulatory framework and the global expansion of services based on that framework also places it in a favorable competitive position, while later entrants may have no choice but to accept the same regulatory framework and cannot pose a threat to pioneers like NEOPIN.

Before using the NEOPIN service, users need to complete KYC verification, which also prevents illegal funds from flowing into DeFi protocols, bringing unnecessary trouble to users.

The birth of Web3 is not to create a lawless land; its ultimate goal is to promote innovation in traditional fields in a different way. For long-term development, DeFi protocols, which involve large capital flows and high risks, must inevitably integrate into the existing regulatory framework. Therefore, for a DeFi project, only by achieving compliant development can a foundation be laid for long-term healthy growth.

We believe that actively accepting regulation and operating in compliance with the law in the early stages of a project is more beneficial for the project to survive in the future under stricter regulatory conditions. A good reputation can also help the project attract more new users who are just getting into web3, and attracting a large number of new users who have not yet been exposed to web3 is a necessary condition for the entire industry to grow.

3. NEOPIN's DeFi products based on RWA, asset allocation is more intricate and complex.

On March 28 this year, NEOPIN officially announced the launch of RWA-based Decentralized Finance products, entering the RWA market.

RWA( Real World Assets ) market is an important link between the on-chain world and the off-chain world. In recent years, the TVL in the RWA field has achieved several times growth each year, making it a golden track with highly certain growth.

Top global institutions predict that the RWA market will develop into a massive market worth several trillion to even over ten trillion USD in the coming years. Similarly, a project that is compliant with RWA business has seen its governance token grow by over 300% in the past three months.

The NEOPIN BDLP launched by NEOPIN is a multi-yield liquidity mining protocol based on RWA. Users can deposit DAI, USDT, or USDC, while NEOPIN provides users with generous returns using sDAI and USDe. Currently, the annualized yield is between 13% and 30%.

In order to provide each user with the best asset management ratio, NEOPIN has even developed a proprietary AI algorithm to help users determine how to allocate the ratio between different assets based on their preferences and on-chain data, thereby efficiently investing in complex Decentralized Finance derivatives.

In this process, NEOPIN simplifies the investment process, allowing users to easily explore and invest in various Decentralized Finance options without having to jump through multiple protocols, thus lowering the user entry barrier.

In the future, compliant RWA products will serve as a bridge between the web2 world and the web3 world. Only compliant RWA platforms can enable more web3 beginners to access high-quality real-world assets. Currently, pioneers in the RWA field have the opportunity to establish a first-mover advantage from both the product and user sides, and succeed in future competition.

Token Distribution and Economic System

The total supply of NEOPIN's ecological token $NPT is 1 billion pieces, with the current circulating supply chain of about 86.64 million pieces, resulting in a circulation rate of less than 10%. The distribution ratio of $NPT is as follows:

• Ecosystem ( 50% ): including liquidity pool ( 29.75% ), staking rewards ( 13.23% ), service rewards ( 7.02% )
• Partners (18%): used to establish new partnerships and develop new services.
• Team operation (15%): Incentivize project teams and allocate to individuals based on their contributions to the ecosystem.
• Reserve Fund (10%): To develop the ecosystem outside of the designed allocation.
• Marketing ( 5% ): Promotion marketing, increasing ecosystem participants