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Tokenomics

The tokenomics of the $KOLZ token are designed to create a sustainable and thriving platform within KOLZ.chat, supporting our mission in bridge the gap between leading Influencers in crypto and their followers.

Launch Date: December 2024 Launch Price: $0.0005 per token. Network: Ethereum Primary DEX: Uniswap CEX: TBC

Participation Requirements:

  • Participants had to register an account on KOLZ.chat to be whitelisted for the launch.
  • Participants had to use an ERC20-compatible wallet.
  • Excluded participants from specified restricted countries. As of December 2023, the list of restricted countries is Afghanistan, Algeria, Bangladesh, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, China, Democratic People’s Republic of Korea, Democratic Republic of the Congo, Egypt, Guinea, Republic of Guinea-Bissau, Haiti, India, Iran, Iraq, Lebanon, Libya, Kazakhstan, Mali, Myanmar, Qatar, Oman, Morocco, Nepal, Nicaragua, North Macedonia, Russia, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, USA, Venezuela, Vietnam, Yemen, Zimbabwe

The token was available to buy or sell via Uniswap as an official Decentralised Exchange (DEX) from its IDO (Initial DEX Offering) and thereafter. Token holders can also create their own liquidity pools on Decentralised Exchanges. Through market-making strategies and partnerships, we will actively manage the token's presence on our official exchanges.

Allocation:

  • KOLs Allocation: 25% (2,500,000,000 tokens) to incentivize KOLs to actively participate and promote the platform. The vesting period ensures their long-term commitment and gradual release of tokens to avoid market dumping. 18 months linear vesting. 20% unlock TGE. Vesting tied to pre-agreed promotion and interaction metrics.
  • Ops: 5% (500,000,000 tokens) to facilitate operations and onboarding and managing KOLs and overall platform rewards to contributors. 18 months linear vesting. 20% unlock TGE.
  • Liquidity: 10% (1,000,000,000 tokens) to provide liquidity for the KOLZ token on exchanges, ensuring stable trading conditions and facilitating easy access for users.
  • Pre-sale: 12% (1,200,000,000 tokens) To raise initial funds for the platform’s development and operations. All proceeds from the presale will go to the liquidity pool.
  • Public Sale: 8% (800,000,000 tokens) for sale via Enjinstarter and Poolz launchpads.
  • Marketing and Other: 40% (4,000,000,000 tokens) to fund marketing campaigns, airdrops, affiliates, quests, partnerships, user acquisition, community rewards, user rewards, and other strategic initiatives. Locked over 3 years with linear release.

Token Mechanisms:

Deflationary Supply: The $KOLZ token has a fixed supply of 10,000,000,000. Tokens may be burned from time to time as part of community activities, or business operations.

Liquidity Provision: Tokens may be used within the KOLZ.chat platform to purchase subscriptions and other goods and services within the platform. A portion of these tokens will be locked into official DEX. The LP token for this locked liquidity will be kept indefinitely in the KOLZ.chat Treasury.

Multi-Chain Future: The $KOLZ token was developed with a LayerZero OFT (Omnichain Fungible Token). The Omnichain Fungible Token (OFT) Standard allows fungible tokens to be transferred across multiple blockchains without asset wrapping or middlechains. The OFT enabled $KOLZ to be deployed to Arbitrum and Base to enable fast, cheap transactions of the utility token within the KOLZ.chat platform.

For full information about the $KOLZ IDO, visit: https://KOLZ.chat