Tokenomics
A deeper dive into $KNS token economy.
Token Distribution
Community Rewards (50%)
Allocation: 5,000,000,000 KNS (5 billion KNS)
KNS governance staking reward 2,000,000,000 KNS (2 billion KNS)
KNS-KLAY LP staking reward 3,000,000,000 KNS (3 billion KNS)
Distributed over 48 months for liquidity pool and staking rewards
Treasury (15.75%)
Allocation: 1,575,000,000 KNS (1.575 billion KNS)
Managed by DAO after the launching of the governance function
Initial LP (0.75%)
Allocation: 75,000,000 KNS (75 million KNS)
Used for providing liquidity the initial $KLAY-$KNS pool
Marketing & Partnership (5%)
Allocation: 500,000,000 KNS (500 million KNS)
Used for marketing or cooperation with other projects
Airdrop (0.5%)
Allocation: 50,000,000 KNS (50 million KNS)
Airdropped to the winners of KNS Domain Auction from March 28 to April 10, 2022
Team (15%)
Allocation: 1,500,000,000 KNS (1.5 billion KNS)
Distributed to the KNS Dev Team
30 months of linear distribution after 6 months of lock-up (Total 36 months)
Investors (13%)
Allocation: 1,300,000,000 KNS (1.3 billion KNS)
Distributed to institutional investors of KNS
30 months of linear distribution after 6 months of lock-up (Total 36 months)
Revenue Distribution
10% of domain sales revenue will be distributed to KNS Dev Team, 40% to the Treasury, and 50% to GradualDistributor.
The details on the revenue distribution are as follows:
After domain registration, the revenue (KLAY) for KlayRegistrarController is moved to PrimaryDistributor.
PrimaryDistributor distributes 10% to the team wallet, 40% to Treasury, and 50% to GradualDistributor.
GradualDistributor gradually sends distributed KLAY to SecondaryDistributor during the registration period of each domain.
SecondaryDistributor purchases $KNS using 50% of the KLAY it received and distributes it to $sKNS holders, and with the remaining 50%, it purchases $KNS and provides liquidity to the $KLAY-$KNS pool. The LP tokens are managed by Treasury and become POL(Protocol Owned Liquidity).
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