KDSwap IDO date details confirmed!
The time has come! We are getting a fully featured DEX on Kadena, and you only have to wait 2 weeks for it!!!
May 15th, at the latest, KDSwap will come alive, fully functional and ready to go.
Here are the dates to keep in mind:
🔹04/05/2022 — KDSwap IDO registration opens
🔹09/05/2022 — Whitelist Round
🔹10/05/2022 — KDL Round
🔹12/05/2022 — Fair Distribution Round
🔹15/05/2022 — Sale Ends
IDO details:
🔹Softcap: 40,000 KDA
🔹Raise: 160,000 KDA
🔹1 KDS = 0.0016 KDA
🔹IDO supply: 100,000,000 KDS
🔹Allocation size: 400 KDA
KDSwap launches as soon as the sale ends!
Why the KDS token?
We have heard some members of the community wonder why we decided to mint a new token and not just use KDL for any use case we want to implement on the DEX. There are a couple of reasons for this, and both stem from the same cause: KDSwap was not planned when we had the KDL IDO.
This means that the tokenomics and fundraising were all designed with KDLaunch in mind. As such, having KDL serve as the token for both dapps would be impossible, because:
1. We set up the reward and token supply around the launchpad. If we want to incentivize people to use and offer liquidity to the DEX, we can’t use KDL as a reward, because it imbalances its supply and market.
2. We did one of the lower fundraising rounds of any project out there, in terms of USD value (not to mention that KDA was 3 times higher than it is today). The amount raised makes it impossible to create a healthy pool of liquidity pools on the DEX. We want to have all KDA tokens listed and have reasonable price impacts, to begin with. This is where most of the raised funds will be spent.
Now that you understand why WE need KDS, let’s see why YOU would want to hold it!
🔹 Governance; holding KDS will give you a say in deciding the future of KDSwap
🔹 Cross platform staking rewards; Stake KDS and earn KDL Tokens
🔹Rewards for the traders; Get allocation on sales on KDLaunch based on your trading volume on KDSwap
🔹 “Discounts” on KDLaunch tiers
But now this may leave you wondering “What about me, the loyal KDL holder? Don’t I get anything?”. Of course you do!
Having both KDS AND KDL will be the most beneficial for both platforms. The synergy between the platform will not only reward the users with a unified and simple user experience, but also with rewards that can be utilized on both platforms.
All of the details on numbers and APY, APR etcetera, will be shared in a timely manner.
We hope this will reward the community members that have supported us from day one, but also those who are joining later. All of you have a spot in our community!
KDS Tokenomics
KDSwap will be backed by our own token, KDS. There will be a small public sale with the goal to fill the liquidity pools, fund further development and technical audits.
🔹20% community airdrop, 15% of this divided over users based on their trading activity, 3 months after going live, and the remaining 5% for KDL holders.
🔹40% Public sale
🔹5% KDS Liquidity on KDSwap
🔹30% Staking and Farming. Ecosystem rewards which will be decided upon by governance
🔹2.5% Marketing & strategic partnerships, locked for 6 months and vested over 12 months
🔹2.5% Team, locked for 6 months and vested over 12 months
We are so excited to get KDSwap live! So come register for the IDO and get in on the ground floor of another amazing project from the team at KDLaunch.
KDSwap Website: https://www.kdswap.exchange
KDSwap Twitter: https://twitter.com/KdSwap
KDSwap Telegram: https://t.me/KDSwapOfficial
KDSwap/KDLaunch Discord: https://discord.gg/WqbQQUeuRu
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