NEOPIN: The encryption creation of a Korean gaming giant, exploring the best solutions for DeFi + CeFi.

NEOPIN is a "permissioned DeFi protocol" designed to combine the advantages of CeFi and DeFi, building a bridge between traditional finance and DeFi protocols within a compliance framework. This project is developed by the well-known Korean gaming company Neowiz and has the following main features:

1. Selected for the innovation program of the Abu Dhabi Investment Office, currently collaborating with the local government to develop a Decentralized Finance regulatory framework, it is one of the few DeFi service providers to have obtained regulatory approval.

2. It is the only DeFi protocol that simultaneously supports the Klaytn and Finschia networks, expected to become a pioneer of the "blockchain merger" concept.

3. Provide RWA-based Decentralized Finance products, expected to enter the rapidly growing RWA market within a compliant framework.

4. Through comparative analysis valuation, it is expected that by the end of Q1 2025, the price of $NPT token may reach $3.10-8.39, which has significant upside potential compared to the current price.

5. Backed by gaming giants and adopting a compliant operational model, NEOPIN is expected to gain more user trust in the upcoming wave of blockchain mergers, benefiting from the merger of two major public chains. As an inclusive DeFi protocol, its efforts to bring real-world assets on-chain are also more likely to gain recognition, with the opportunity to win the loyalty of web2 and web3 users.

The NEOPIN ecosystem includes the non-custodial wallet NEOPIN Wallet, providing users with a seamless experience from basic wallet functions to advanced financial services. Its wallet application focuses on user experience, with a simple and intuitive design, making it easy for even cryptocurrency beginners to get started.

In terms of regulatory compliance, NEOPIN is the first DeFi protocol to collaborate with the Abu Dhabi Global Market ( ADGM ) to develop and integrate a regulatory framework. The project team believes that actively embracing regulation is beneficial for building a cryptocurrency usage platform that meets regulatory requirements while fully leveraging the advantages of DeFi and CeFi.

The total supply of the NEOPIN ecosystem token $NPT is 1 billion, with a current circulation of approximately 86.64 million, resulting in a circulation rate of less than 10%. $NPT plays a core role in the ecosystem, connecting various encryption financial services, including P2E, S2E, M2E, and NFTs. Its token economic model is designed to reward users based on their contributions to the ecosystem, creating a user-centered sustainable ecosystem.

By comparing and analyzing four types of projects: DEX, Staking, Bridge, and RWA, we have evaluated NEOPIN. Based on the valuation results of various business lines, it is expected that by the end of 2024, NEOPIN's market capitalization may reach between $268 million and $727 million, with an $NPT price range of $3.10 to $8.39.

Overall, NEOPIN, as a compliant and inclusive DeFi protocol, is expected to become an important bridge connecting the web2 and web3 worlds. Its layout in the blockchain merger and RWA fields, along with its proactive attitude towards regulation, lays a solid foundation for the project's long-term development. With the continuous improvement of the ecosystem and the expansion of its user base, NEOPIN has the potential to occupy an important position in the future DeFi field.

![NEOPIN Valuation Outlook: The Encryption Masterpiece of South Korean Gaming Giants, Exploring DeFi + C