đToken Distribution
KBL Tokenomics, Distribution and Vesting periods.
Last updated
KBL Tokenomics, Distribution and Vesting periods.
Last updated
At Genesis, 1,000,000,000 $KBL tokens will be fully minted upfront.
Initially, 20% of the total supply will be available immediately, while the remaining 80% will be locked and gradually distributed over a 6-year period from a vesting Smart Contract.
The $KBL token will be distributed among seven different categories:
Allocation: 300 million KBL
% of total supply: 30%
Distribution: Linear vesting of 250M in the first 3 years & 50M in the last 3 years
Destination: DApp incentives, staking rewards, and community grants.
Account ID: 0.0.6075564 (MultiSig 6/10)
Allocation: 250 million KBL
% of total supply: 25%
Distribution: Linear vesting of 200M in the first 3 years & 50M in the last 3 years
Destination: Product development and operations
Account ID: 0.0.6075605 (MultiSig 6/10)
Allocation: 150 million KBL
% of total supply: 15%
Distribution: 100% available on TGE
Destination: Community INO and Early Airdrops
Account ID: 0.0.6075619 (MultiSig 6/10)
Allocation: 120 million KBL
% of total supply: 12%
Distribution: 1 year cliff, 70M linear vesting in the next 2 years & 50M in the last 3 years
Destination: Team, partners and early investors
Account ID: 0.0.6075628 (MultiSig 6/10)
Allocation: 90 million KBL
% of total supply: 9%
Distribution: Linear vesting of 90M in 3 years
Destination: Inbound and outbound marketing actions
Account ID: 0.0.6075634 (MultiSig 6/10)
Allocation: 60 million KBL
% of total supply: 6%
Distribution: Linear vesting of 60M in 3 years
Destination: Council operations and performance incentives
Account ID: 0.0.6075643 (MultiSig 6/10)
Allocation: 30 million KBL
% of total supply: 3%
Distribution: 100% available on TGE
Destination: Liquidity pools, liquidity incentives, and CEX fees
Account ID: 0.0.6075664 (MultiSig 6/10)
It's important to understand that token unlocks does not mean the all the unlocked tokens will enter circulation. It only means that these tokens are available to be used.
For example, at Genesis, 200M tokens (20% of total supply) will be immediately available but less than 150M tokens will enter circulation on TGE. While the rest will gradually enter circulation over the following months and years.
