Tokenomics
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The total number of KOI tokens is 1,000,000,000, which is fixed.
Governance: KOI token holders will be able to stake their tokens and participate in governance voting.
Staking: Creators and Players will be able to stake their KOI tokens into the Community Treasury to be the governor of Koi Network and share the future revenue.
Payment: Creators and Players will be able to use the KOI token as the preferential medium to conduct transactions, play games, and access Koi Network NFT services.
Reward: Koi Network provides token rewards for the creative work done within the network, artistically and managerially.
KOI Token Deflation = Burning + Staking + Utility
Koi Network’s governance token — KOI, with a finite supply, is deflationary by default. Upon it, we add another deflationary layer that pushes Koi Metaverse and its communities to participate in activities that reduce the token supply. Listed below are the ways to achieve this end.
Burning KOI token can be used to obtain Genesis NFTs, buy islands, acquire in-game items, and be used for NFT trading. The built-in burning mechanism requires all consumed KOI tokens to be burned, reducing their future circulation.
Staking Staking has the added benefit of contributing to the decentralization of the blockchain project. Koi Metaverse will allow its communities to stake KOI tokens and receive BNB as rewards to secure the network and amplify its deflationary attribute.
Utility The utilities of the KOI token will help to further constrain its circulation. $KOI represents the right to govern Koi Network and its future roadmap. And players will need KOI tokens to enter the game and NFT/PFP services and conduct payments when using the Koi GameFi services, including the marketplace, auction, lending, renting services, and index products.
As we grow the Koi Network community in our mission to build the culture bridge between Web2 and Web3 economies, we knew we could not do this alone. After all, Web3 is more about belief than anything else. We believe the foundational principle of web3 lies in the simple shift of mindset. To make this shift happen, we need builders and believers like you to create a movement to move more people into this path.
We believe that by executing the $KOI airdrop distribution plan our community will be fairly rewarded in the form of $KOI tokens. Please know that there has been a huge community of people who extended their hands to us in ups and downs. The only regret is not being able to reach each one of you.
The $KOI airdrop comes from the KOI Ecosystem Fund, which is 2% (20,000,000) of the total KOI token supply.
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Vesting: 1-month cliff, then 100% released after TGE.
(* We are still collecting and calculating airdrop tokens for some of our previous long-term events. Details will be announced soon.)
