Distribution & Use of Proceeds
Token Distribution
The total supply of KYO is 2,000,000,000 tokens. The distribution of the tokens and its conditions are as shown:
Treasury - Reserves : 400,000,000 (20%) *
Treasury - LP/Yield Farm/Staking: 450,000,000 (22.5%)
Dev Team & Stakeholders - 300,000,000 (15%) **
Ecosystem Partners - 300,000,000 (15%) **
Bounty - 50,000,000 (2.5%)
Public - 500,000,000 (25%) ***
* The Treasury-Reserves can be reduced if required to support KYO future price through periodic token burn.
** Both the Dev Team & Stakeholders and Ecosystem Partners have a lock-up period of 3 years with 11 quarterly vesting periods starting 6 months after receiving the allocation.
*** The Public portion will initially be available for sale on kyotocoin.io and digitorize.com at a fixed price, this is to assist those that wants to purchase the KYO tokens for offset purposes. After a while a liquidity pool will be created on KyotoDEX to allow it to be freely traded. Consistent with other DeFi projects, the Dev Team is also looking to distribute certain portion of the public allocation to a future airdrop program for users of the KyotoDEX. The Dev Team may also look into KYO listing or IEO in/though 3rd party centralised exchange.
Use of Proceeds
Any funds raised from selling of KYO will be used to:
Purchase 'live' carbon credits to fractionalise and tokenize into Carbon Credit Spot Token (KYOCS).
Purchase 'live' carbon credits to immediately offset (Carbon Credit Offset Tokens (KYOCO)).
Added liquidity to KYO liquidity pools in other exchanges where it is listed.
KyotoDEX's working capital to ensure smooth and uninterrupted running of the exchange.
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