Tokenomics
Last updated
Last updated
Maximum supply is hardcoded at a 750,000,000 $KYOTO
$0.08
Initially 75,000,000 $KYOTO at launch
$6,000,000
$60,000,000
The Kyoto Foundation retains 33% of the token supply to foster growth within the Kyoto Ecosystem. Initially, 200,000,000 Kyoto will be locked in the Kyoto Safe for 18 months. Governance over the unlocked supply will be overseen by the Kyoto DAO and community.
Kyoto Labs owns 30% of the token supply and serves as the development arm of the Kyoto Ecosystem. Its token ownership is private and is utilised to enhance ecosystem value through infrastructure development and maintenance. As part of the vesting schedule, Kyoto Labs will lock 200,000,000 million Kyoto tokens, while reserving 25 million for partnerships, grants and product development.
The public presale supply originates from the Fair Launch on the Binance Smart Chain. This presale is vested over 18 months, with daily unlocks.
10% of supply is allocated to establishing liquidity and a treasury for the Blockchain. This portion will be unlocked with half allocated to market-makers and the other half utilised to support DeFi ecosystem products such as KyotoSwap.io
Staking rewards include Kyoto Nodes and $kyoto Staking. During the vesting schedule the Kyoto DAO will vote on block rewards which will replace single staking after a migration to POS.
Locked and vested, the team token supply is used to provide Kyoto incentives to core contributers of the project.
Deflationary Mechanics
To help control the supply and appreciate Kyoto as an asset, we will implement planned token burns starting with 1 million Kyoto to be burned over the first year.
Token burns will be done in 15-minute intervals, reducing the circulating supply by the end of the first year by 0.2% (490,850,482.77 - 0.2% = 1 million $KYOTO) or 28.5388127853 $KYOTO burned per 15 mins.
