What is Hoopoe Ventures?

Hoopoe
4 min readApr 9, 2021

HHoopoe Ventures is a decentralized community driven autonomous organization (DAO) which empowering and investing in non fungible tokens (NFTs) used in blockchain-based gamefi projects. These in-game assets are used by guild members to play games and generate profit share.

We’re committed to creating an open financial system for the world. We can’t do it alone, and we’re eagerly bringing together gamers in the crypto gaming ecosystem to build empowering metaverse for everyone.

As Hoopoe Ventures, our aim is to create a sustainable metaverse ecosystem and make NFTs, whom we believe to have a soul, come alive by dressing their Body skins in-game. In this way, we want to create a revenue model that can be shared in this revolutionary movement by bringing together Games, players and investors. We make this model in a completely decentralized way in the most appropriate way to the spirit of the blockchain.

We are also combining the best of DeFi and NFTs to create a truly unique and everlasting play to earn ecosystem. We have many decentralized earning methods for our members. In this way, beyond being a classic Guild project, we are serving GameFi in every field.

Earning Mechanism of Hoopoe

  1. NFT Staking
  2. Profit share distribution to Hoopoe Members
  3. Participating INOs
  4. Every member of Hoopoe is part of our Game Guild also. So our members can use project’s game assets (NFTs) for playing and earn.
  5. Participating IGOs

JOIN HOOPOE VENTURES FAMILY

For joining our Hoopoe family, you need to have Hoopoe membership NFT card. These cards are designed in four different structures. Users can earn reward at our stake pool depending on their membership level.

You can only buy NFT membersip card with $HOOP token. This is one of the most important deflationary features of $HOOP token.

How can I be Hoopoe member?

  • Go to the Membership page here.
  • Connect to your compatible wallet by clicking the Connect button (top right-hand side).
  • Choose your membership card.
  • Your wallet will ask you to confirm the action.
  • Click buy. Your wallet will ask you to confirm the action.
  • Congratulations you are now part of Hoopoe family.

Membership cards can be upgraded. Members can increase their membership level. In this way members can earn more reward in our stake pools.

How can you upgrade your Hoopoe membership?

  • Go to the Membership page here.
  • Connect to your compatible wallet by clicking the Connect button (top right-hand side).
  • Choose your new higher leveled NFT card and press upgrade button.
  • Click Approve. Your wallet will ask you to confirm the action.
  • Congratulations you have successfully upgraded your membership.

If your membership card is locked in the stake pool, please unstake it first. NFT cards cannot be upgraded while in the stake pool.

Stake pool

Stake Pools are the simplest way to earn profit share on Hoopoe staking platform. Stake NFT Membership card, earn rewards. It’s really that easy.

In stake pool, the tokens of the projects we invest in are distributed as rewards. $HOOP tokens are not distributed in staking pool. In this way, the profit sharing method takes place fairly. At the same time, the inflation that may occur in the $Hoop token will be prevented.

Each member will get additional benefit in a form of annual yield reward by staking Hoopoe Membership Card. Membership cards have different coefficient according to their level. Members earn rewards from the stake pool in proportion to their membership level.

How can I use Stake Pool?

  • Go to the Stake Pools page here.
  • Connect to your compatible wallet by clicking the Connect button (top right-hand side).
  • Stake your membership card.
  • Your wallet will ask you to confirm the action.
  • Click Confirm. Your wallet will ask you to confirm the action.
  • Start earning tokens of the projects we invest in.

About INO launchpad

Initial NFT offering involves offering a set of first generation NFTs, or genesis NFTs, for a certain period of time. Therefore, Initial NFT Offering empowers participating investors to benefit from the inherent supply scarcity of the NFTs.

Features

  • Gaming projects can launch their NFTs through the Hoopoe INO Launchpad
  • All members can participate in INOs.

How can I join INO?

  • Go to the INO page here.
  • Connect to your compatible wallet by clicking the Connect button (top right-hand side).
  • You need to be Hoopoe member for being participant of INO.
  • Click Open Chest button for minting your NFT.
  • Your wallet will ask you to confirm the action.
  • Congratulations, now you have successfully joined the INO and mint your NFT.

You can participate INO if you are a member. Your membership level does not matter in INO participations. All members of all levels can participate in every INOs. Membership level only determines the profit rate in stake pools.

Token Utility

HOOPOE will issue Utility Token namely HOOPOE VENTURES emblazoned with $HOOP sticker. Players use $HOOP as an native currency in HOOPOE Ecosystem on top of that it’s also tradable, and has burnt feature. $HOOPOE also has some other functionality such as:

  1. Payment on the Platform.
  2. Governance (Voting Right & Proposal).
  3. Activities reward.
  4. NFT Staking (Membership Cards can only be bought with $HOOP token.
  5. Upgrading NFTs
  6. 1% of HOOP token is burned for every transaction.

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Hoopoe

Hoopoe is a decentralized community backed deflationary finance protocol which gives precious metal to Hoop token holders as a staking rewards