$KAI Tokenomics
Last updated
Last updated
© 2024 Kaichi Ltd
The $KAI token is the native coin of the Kaichi ecosystem. The $KAI token is a utility token that will be used for one main purpose:
Users staking $KAI tokens will receive 50% of all the revenues the platform generates from content sales or from Creator token trading.
The Kaichi token follows the SPL token standard on Solana: https://spl.solana.com/token
The mint address will be published after the Token Generation Event (Q2-Q3 2024).
The total supply of KAI token is limited to 1 billion tokens, which are distributed as follows:
55% to the community to fund various airdrops, and launchpads, and to build an incentive program,
15% to the team, advisors & strategic partners,
15% for private investors,
15% is allocated to the strategic reserve as a buffer for a potential Serie A. If such a deal does not materialize in the near future, this allocation will be directed to the community.
The vesting schedule is as follows:
Team members, advisors, and strategic partners have two separate vesting schedules:
A 3-month cliff followed by an 18-month vesting period, with monthly unlocks for 50% of their allocation.
The remaining 50% of their allocation is subject to vesting based on specific milestones tied to the token's market capitalization.
Incremental Release: As the token's market capitalization increases and reaches $500 million, $1 billion, $1.5 billion, $2 billion, and $2.5 billion, 2% (by tranche) of the allocated tokens automatically vest and become available.
Incentivizing Growth: This approach incentivizes the team to contribute to the growth and success of the project. As the project becomes more successful and the token's market capitalization increases, the team receives a larger portion of their allocated tokens.
Alignment of Interests: Tying the vesting to market capitalization aligns the interests of the team, and current token holders with the overall success and adoption of the project. The team stays fully motivated to contribute to activities that drive up the value of the token since it directly impacts the unlocking of their vested tokens.
Alpha Round Investors have a 3-month cliff and 9-month vesting with monthly unlocks.
Private Round Investors have no cliff and a 6-month vesting period with monthly unlocks.
Public Round Investors have no cliff and no vesting.
A strategic reserve is unlocked and will be either kept for Serie A as a buffer, or distributed to the community.
