What is the issuance and circulation of KAIA coins?

Within the KAIA ecosystem, KAIA coins serve as the backbone for transactions, governance, staking, and ecosystem financing, incentivizing participation and driving the platform's growth and sustainability.

Dec 09, 2024 at 06:37 pm

What is the Issuance and Circulation of KAIA Coins?

Introduction:

KAIA is a decentralized, community-governed blockchain platform that facilitates the creation of decentralized applications (dApps) and smart contracts. The platform's native token, KAIA, serves as a medium of exchange, governance token, and staking asset within the KAIA ecosystem.

Issuance and Allocation

The total issuance of KAIA coins is capped at 1 billion tokens, with an initial circulating supply of 100 million tokens. The remaining tokens are distributed as follows:

• Ecosystem Fund (50%): Allocated for the development and growth of the KAIA ecosystem, including grants and incentives for developers and users.
• Foundation (20%): Reserved for long-term sustainability, governance, and community initiatives.
• Team (15%): Allocated to the KAIA team as compensation for their contributions.
• Investors (10%): Allocated to seed and private investors who supported the project's development.
• Future Allocation (5%): Reserved for future initiatives and partnerships.

Circulation

KAIA coins are distributed among various participants in the ecosystem, including:

• Developers: Receive KAIA for building and deploying dApps and smart contracts on the KAIA platform.
• Users: Use KAIA for transaction fees, governance voting, and staking rewards.
• Investors: Hold KAIA as an investment and benefit from its potential appreciation in value.

Staking

KAIA holders can stake their tokens to earn rewards and support the security and stability of the platform. Staked KAIA is used to validate transactions, produce blocks, and govern the ecosystem. Stakers receive rewards in the form of new KAIA tokens.

Governance

KAIA holders can participate in the governance of the platform through decentralized autonomous organization (DAO) voting. Token holders can vote on proposals regarding network parameters, token distribution, and ecosystem development.

Use Cases

KAIA coins have several use cases within the ecosystem, including:

• Transaction Fees: Used to cover the cost of processing transactions on the KAIA network.
• Governance: Used to vote on proposals and influence the direction of the platform's development.
• Staking: Used to earn rewards, validate transactions, and secure the network.
• Rewards: Distributed to developers, users, and stakers who contribute to the ecosystem.
• Community Initiatives: Funded through the Ecosystem Fund, promoting development, growth, and outreach within the KAIA community.