NEOPIN: The encryption creation of a South Korean gaming giant, exploring the best balance 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. As one of the few DeFi service providers that have obtained regulatory approval, NEOPIN actively embraces regulation to ensure long-term development.

As the only DeFi protocol that simultaneously supports Klaytn and Finschia networks, NEOPIN is a clear beneficiary of the Klaytn and Finschia merger event and may become a DeFi example of the "blockchain merger" concept in the future.

NEOPIN launches DeFi products based on RWA, and its entry into the RWA market under a compliance framework is expected to enjoy explosive growth dividends in this field.

Through comparable analysis valuation, we expect the price of $NPT tokens to reach between $3.10 and $8.39 by the end of the first quarter of 2025, which has significant upside potential compared to the current price.

Relying on the background of gaming giants, compliant operations in Decentralized Finance, and benefiting from the historic merger of two major public chains, NEOPIN is expected to gain more community trust in the upcoming wave of blockchain mergers. As an inclusive DeFi protocol, NEOPIN's efforts to introduce real-world assets are more likely to be recognized by users, creating an opportunity to win the loyalty of a wide range of web2 and web3 users.

NEOPIN Overview

NEOPIN was established in 2021 and claims to be "a one-stop, non-custodial permissioned protocol for the secure use of encryption under a regulatory framework, while simultaneously benefiting from both CeFi and DeFi. Based on stable security protocols and a regulated environment, NEOPIN aims to bridge the gap between traditional finance and DeFi protocols."

The parent company of NEOPIN is the well-known South Korean gaming company Neowiz. NEOPIN has been selected for the innovation program of the Abu Dhabi Investment Office (ADIO), which operates the sovereign wealth fund of the United Arab Emirates. NEOPIN is working with the UAE government to develop a Decentralized Finance regulatory framework and expand services based on this framework globally.

The NEOPIN team members come from well-known companies such as Binance, Samsung, Neowiz, and Coupang. As can be seen on LinkedIn, NEOPIN currently has over 30 employees, mainly from South Korea, which is a considerable scale among web3 startups.

Highlights of NEOPIN

1. The only DeFi protocol that benefits from "blockchain merger"

Klaytn public chain and Finschia public chain announced their merger on February 15, 2024, 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 Korean internet giant Kakao. Kakao Talk is the most popular instant messaging tool in South Korea. 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 in Japan.

The merger of the public chains under the two major social giants in South Korea and Japan may become a landmark event in the blockchain industry, triggering a "blockchain merger" frenzy.

NEOPIN is the only DeFi protocol and governance committee member that simultaneously supports the Klaytn and Finschia networks. To assist with this historic merger, NEOPIN has made extensive preparations, such as launching the first cross-chain bridge between Klaytn and Finschia.

As the only DeFi protocol that simultaneously supports two networks, NEOPIN's every move is under close scrutiny, and its new features may become an important example for DeFi protocols in responding to blockchain mergers. If NEOPIN performs well in this merger, it will play a greater role as the first successful case in more blockchain mergers in the future.

2. Actively embrace regulation to ensure long-term development

In recent years, with the expansion of the encryption market, regulatory agencies in various countries have intensified their investigations and oversight of web3 projects. It has become a trend for more and more projects to be included within regulatory frameworks. Issues such as insufficient transparency, vulnerability to hacking, and compliance risks have limited the long-term development of DeFi projects.

NEOPIN, as one of the earliest protocols to propose "permissioned DeFi," actively chooses to embrace regulation, demonstrating foresight. Early collaboration with regulatory agencies is beneficial for building a platform that meets regulatory requirements while fully leveraging the advantages of DeFi and CeFi. Its partnership with the UAE government to develop a DeFi regulatory framework and promote services based on that framework globally puts it in a favorable competitive position.

Before using the NEOPIN service, users need to undergo KYC verification, which prevents illegal funds from flowing into Decentralized Finance protocols, providing users with a safer experience.

3. Compliance-driven entry into the RWA market

On March 28, 2024, NEOPIN officially announced the launch of RWA-based Decentralized Finance products, entering the RWA market.

RWA( The Real World Asset ) 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 annually, making it a golden track of highly certain growth.

Top global institutions like BCG predict that the RWA market will develop into a massive market worth trillions, even over ten trillion dollars, in the coming years. Similarly, ONDO Finance, which operates RWA business in compliance, has seen its governance token $ONDO grow by over 300% in the past 3 months.

The NEOPIN BDLP launched by NEOPIN is a multi-yield liquidity mining protocol based on RWA, where users can deposit DAI, USDT, or USDC. NEOPIN then uses sDAI and USDe to provide users with generous returns. The current annualized yield is between 13% and 30%.

To provide the best asset management ratio for each user, NEOPIN has also developed a proprietary AI algorithm that helps users determine how to allocate different asset ratios based on their preferences and on-chain data, efficiently investing in complex Decentralized Finance derivatives.

NEOPIN simplifies the investment process, allowing users to easily explore and invest in various Decentralized Finance options without having to switch between multiple protocols, thus lowering the barrier to entry.

$NPT Token Economics

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

• Ecosystem ( 50% ): includes liquidity pool ( 29.75% ), staking rewards ( 13.23% ), service rewards ( 7.02% )
• Partner (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%): Developing the ecosystem outside of the designed allocation
• Marketing ( 5% ): promotional marketing, increasing the number of ecosystem participants
• Investors (2%): allocated to early investors

$NPT plays a central 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 specific utility of $NPT is as follows:

• Liquidity provision and trading fee rewards
• Staking and Locking Rewards
• Liquidity Mining
• Event and service participation rewards
• Automatic repurchase and supply deflation ( AutoRM )
• Ecosystem service support

NEOPIN Valuation Analysis

Using the comparable analysis valuation method, we compare NEOPIN with four types of projects: DEX, Staking, Bridge, and RWA. The final result shows that by the end of 2024:

• The market value of NEOPIN is expected to be in the range of 268 million to 727 million dollars.
• The price range of $NPT is expected to be between $3.10 and $8.39.

Conclusion

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.
• It is the first DeFi protocol to benefit from the concept of "blockchain merging".
• Actively embrace regulation, first proposed the concept of "permissioned DeFi"
• Entering the RWA field under a compliance framework is expected to become an important bridge between the web2 and web3 worlds.
• Valuation analysis shows that the $NPT token has great potential for price increase.

In summary, NEOPIN, as a compliant and inclusive DeFi protocol, is expected to gain the trust and loyalty of a wide range of users in the future wave of blockchain mergers and the development of the RWA market.