KAS coin issuance price and total issuance volume in one article

KAS, KardiaChain's native currency, was initially issued at $0.02 during its 2018 public sale, with a total issuance volume of 3 billion coins.

Oct 01, 2024 at 01:42 am

KAS Coin Issuance Price and Total Issuance Volume

KAS, or KardiaChain's native currency, plays a crucial role within the KardiaChain ecosystem, enabling a range of functions such as:

Key Functions of KAS:

Transaction Fees: KAS is utilized to pay for transaction fees within the KardiaChain network.
Staking: KAS holders can stake their coins to secure the network and earn rewards.
Governance: KAS holders participate in network governance by voting on proposals.
Access to Services: Certain services within the KardiaChain ecosystem may require KAS for access.

Issuance Price and Total Issuance Volume:

KAS was initially issued at a price of $0.02 during its public sale in 2018. The total issuance volume of KAS is 3,000,000,000 coins.

Of the total issuance volume:

10% (300,000,000 KAS) was allocated to the public sale.
30% (900,000,000 KAS) was allocated to the KardiaChain team and advisors.
60% (1,800,000,000 KAS) was reserved for ecosystem development, rewards, and future token sales.

Distribution Plan:

The distribution of KAS is planned to occur gradually over a period of time, according to the following schedule:

10% - Distributed during the initial public sale (Public Sale)
20% - Distributed within the first two years after launch (Early Contributors)
20% - Distributed within years 3 and 4 after launch (Core Team and Advisors)
50% - Reserved for future ecosystem development and rewards (Ecosystem Development)

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