$KDX Token Distribution
Last updated
Last updated
The $KDX token is the native governance/utility token in the eckoDAO ecosystem, designed with the long-term growth and development of the ecosystem and the DAO in mind. It is a crucial part of the system as it serves multiple functions within the eckoDAO suite of products - eckoDEX, eckoWALLET, and eckoGOV.
The token distribution has been carefully planned to ensure fair and broad distribution, aligning the incentives of all stakeholders and fostering a sustainable, decentralized ecosystem. A significant portion of the total supply is allocated to community rewards and ecosystem growth, underlining the commitment to community involvement and the DAO's development.
With Team tokens only accounting for 5% of the 1,000,000,000 total KDX supply and 95% allocated to Rewards and Community sales the eckoDAO token supply distribution is truly decentralized from inception.
The total supply of KDX is divided into the following percentages:
Team: 5.0% (50,000,000) Team tokens only account for 5% of KDX total supply to strengthen the overall decentralization and ensure long-term market stability of the KDX token. Team tokens have a rigid vesting schedule over a 4-year period to avoid any risk of market flooding in the delicate infant phase of the DAO.
2nd year: 50%
3rd year: 25%
4th year: 25%
Network Rewards: 40.0% (400,000,000)
Network Rewards account for 40% of the KDX total supply to attract users, LPs and investors. In eckoDEX, users are empowered through gas-free transactions, while LPs are incentivized via a programmatic emission schedule of rewards to be claimed in KDX as a booster. In this way, KDX inflation rate can be controlled and adjusted according to market participation: measured by Volume and Total Value Locked (TVL) in the platform.`
DAO Treasury: 25.0% (250,000,000) The eckoDAO Treasury accounts for 25% of the KDX supply, in order to guarantee users a long-term DAO and community-led vision, eckoDAO will fund future operations and developments - in a completely decentralized fashion – through the deployment of grants and bounties, open to everyone. Community initiatives range from ecosystem growth, Tokenomics impulse, marketing, IT and Smart Contract (SC) development and anything related to long-term eckoDEX success.
Community: 20% (200,577,508) Community Rewards account for 20% of the KDX supply to guarantee users a long-term DAO and community-led vision. The DAO will fund future operations and developments in a completely decentralised fashion through the deployment of grants and bounties, open to everyone. Community initiatives range from ecosystem growth, Tokenomics impulse, marketing, IT and Smart Contract (SC) development and anything related to long-term eckoDAO success.
Burnt: 10% (99,028,327) 9.9% of the supply of KDX has been burned, this was the remainder of tokens from the Community sales.
As of the end of the second public sale, 9.9% of the total supply, or 99,028,327 KDX has been burned
