NEOPIN: The encryption creation of the South Korean gaming giant, exploring the optimal solution between DeFi and CeFi.

NEOPIN is a "permissioned DeFi protocol" that combines the advantages of both CeFi and DeFi. It aims to bridge traditional finance and DeFi protocols for users within a compliant framework.

NEOPIN has been selected for the Abu Dhabi Investment Office's innovation program and is collaborating with local government agencies to develop a DeFi regulatory framework. It is a very rare regulated DeFi service provider, actively embracing regulation to ensure long-term development is not constrained.

NEOPIN is the only DeFi protocol that supports both the Klaytn and Finschia networks, and it is an obvious beneficiary of the merger event between Klaytn and Finschia. In the future, it may become a DeFi model for the concept of "blockchain merger."

NEOPIN offers DeFi products based on RWA, and a compliant framework to enter the RWA market helps to achieve a smooth transition and enjoy the dividends of the explosive growth of the RWA market.

Through comparative analysis valuation, we anticipate that the price of the $NPT token will reach between $3.10 and $8.39 by the end of the first quarter of 2025, indicating significant upside potential compared to its current token price.

Backed by giants, operating DeFi in compliance, and benefiting from the historic merger of two major public chains, NEOPIN has a great opportunity to earn more community trust in the future wave of blockchain mergers; as a highly inclusive DeFi protocol, NEOPIN's efforts to bring real-world assets on-chain are also more easily recognized by users, with the potential to win the loyalty of a wide range of web2 and web3 users.

NEOPIN Project Overview

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

The parent company of NEOPIN is the well-known South Korean game company Neowiz. NEOPIN has currently been selected for the innovation program of the Abu Dhabi Investment Office, which operates the sovereign wealth fund of the United Arab Emirates. NEOPIN is collaborating with the UAE government to develop a DeFi regulatory framework and is expanding services based on this framework globally.

The NEOPIN team members come from well-known companies in the web2 and web3 fields such as Binance, Samsung, Neowiz, and Coupang. According to LinkedIn, NEOPIN currently has no fewer than 30 employees, with the main team members largely from South Korea, which is quite a considerable talent scale among web3 startups.

Unique Advantages of NEOPIN

1. The biggest beneficiaries of blockchain mergers

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

Klaytn is a public blockchain developed by Ground X, a subsidiary of the South Korean internet giant Kakao. Kakao Talk is the most popular instant messaging tool among South Koreans. Finschia is a public blockchain developed by Line Tech Plus, a subsidiary of the Japanese internet giant Line. Line Messenger is the most popular instant messaging tool among Japanese people.

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 sparking a "blockchain merger" craze in the future.

NEOPIN is the only DeFi protocol and governance committee member that supports both the Klaytn and Finschia networks. In order to assist with this historic blockchain merger, NEOPIN has done a lot of preparatory work. In such a complex and large-scale merger project, every move of NEOPIN is closely watched by the market, and the launch of each new feature is expected to become an important example of how DeFi protocols 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. Actively embrace regulation and build a foundation for long-term development.

NEOPIN, as the first protocol to propose "permissioned Decentralized Finance", has made a bold and forward-looking move by actively embracing regulation.

Proactively choosing to cooperate with regulatory agencies in the early stages of a project is beneficial for building a cryptocurrency usage platform that not only complies with regulatory frameworks but also fully leverages the advantages of Decentralized Finance (DeFi) and Centralized Finance (CeFi). By collaborating with the UAE government to develop a DeFi regulatory framework and expanding services based on this framework globally, it also places itself in a favorable competitive position, while later entrants may have to accept the same regulatory framework, which cannot pose a threat to pioneers like NEOPIN.

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

3. Compliance Entry into the RWA Market

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

The RWA market is an important link between the on-chain world and the off-chain world. In recent years, the TVL in the RWA sector has achieved several times growth each year, making it a golden track with high certainty of growth.

Top global institutions such as BCG predict that the RWA market will develop into a massive market worth several trillion to over ten trillion USD in the coming years. Similarly, ONDO Finance, which conducts RWA business in compliance, has seen its governance token $ONDO grow by more than 300% in the past three months.

The NEOPIN BDLP launched by NEOPIN is a multi-yield liquidity mining protocol based on RWA, allowing users to deposit DAI, USDT, or USDC, while NEOPIN provides users with generous returns using sDAI and USDe.

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, thus efficiently investing in complex Decentralized Finance derivatives.

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 first-mover advantages from both the product and user sides, and emerge victorious in future competitions.

Overview of $NPT Token

The total issuance of NEOPIN's ecosystem token $NPT is 1 billion pieces, with the current circulating supply chain being approximately 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 ( 17.02% )
• 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 according to the designed allocation.
• Marketing ( 5% ): Promotion marketing, increasing the number of ecosystem participants
• Investor ( 2% ): Allocated to early investors

The specific token unlock time will vary depending on the type of allocation.

The NPT token plays a core role in the NEOPIN ecosystem, connecting various encryption financial services, including P2E, S2E, M2E, and NFT. Through these services, users and liquidity providers can benefit from NPT.

The NPT economic system aims to reward users based on their contributions to the NEOPIN ecosystem, by establishing a sustainable token economy and distributing most of the rewards to users. NEOPIN is dedicated to creating a user-centered ecosystem.

The specific utility of $NPT is as follows:

• Liquidity provision and trading fee rewards: Users can deposit virtual assets or NPT into the liquidity pool, generating trading fees for exchanges on NEOPIN, thereby contributing to the growth of the NEOPIN ecosystem and the enhancement of NPT value.
• Staking and Locking Rewards: NPT provides staking and locking products, with rewards proportional to the amount delegated to the staking products, aimed at rewarding users based on their contributions to the ecosystem.
• Liquidity Mining: Offers liquidity mining rewards based on the interest rates of liquidity pools and fees generated from swap transactions, incentivizing liquidity providers.
• Event and service participation rewards: By participating in events that promote NEOPIN services, users can earn rewards to encourage active usage of the ecosystem.
• Automatic repurchase and supply deflation (AutoRM): The NPT economic system adopts automatic repurchase and supply deflation strategies, supporting the stability of NPT value and the sustainable development of the ecosystem through market repurchase of NPT and profit repurchase.
• Ecosystem service support: Supports various services such as cross-chain Swap, NFT marketplace, P2E, S2E, etc., encouraging user participation through this circular structure, and collecting rewards through diversified services to help maintain the stability of the ecosystem.

The token economic system of NPT is designed to encourage users' spontaneous participation and adjust the reward ratio based on their contributions to the ecosystem. Through a stable NPT circulation and reward mechanism, NEOPIN aims to maintain the stability of the ecosystem and the liquidity pool, while expanding the use cases of NPT by supporting multi-chain products, enhancing X2E services, and creating initial liquidity pools, ensuring the long-term sustainability of the ecosystem.

NEOPIN Valuation Analysis

By conducting a comparative analysis and valuation of NEOPIN with four types of projects: DEX, Staking, Bridge, and RWA, we value the entire project with weightings of 40%, 30%, 20%, and 10% respectively.

The final valuation results show that by the end of 2024, NEOPIN's market cap will be in the range of $268 million to $727 million, with the price range of $NPT being $3.10 to $8.39 USD.

Conclusion

In summary, the main highlights of NEOPIN include:

• The project is backed by the South Korean gaming giant Neowiz, with a strong team background and considerable scale, indicating the project party's strong willingness to actively build.
• NEOPIN is the first DeFi protocol to benefit from the concept of "blockchain merging". If it can play an important role in the merger of Klaytn and Finschia, then in the future wave of blockchain mergers, NEOPIN is likely to gain more trust from the community.
• NEOPIN actively embraces regulation and is one of the first protocols to propose "permissioned Decentralized Finance". As a project built under a compliant framework, it is highly inclusive.