What is the total supply of Kujira (KUJI) coins?

With a 20% token allocation, the Kujira development team holds significant sway over the token's governance and future development.

Dec 24, 2024 at 11:50 am

Key Points

• Key Statistics and Distribution of Kujira (KUJI) Tokens
• Acquisition of KUJI Tokens
• Staking KUJI Tokens
• Governance Participation with KUJI Tokens
• Tracking and Managing KUJI Tokens
• Key Utility of KUJI Tokens
• Future Developments and Utility Expansion plans

Key Statistics and Distribution of Kujira (KUJI) Tokens

• Total Supply: 15,000,000 KUJI
• Circulating Supply: approximately 9,465,700 KUJI (as of May 2023)

• Token Distribution:

  • Development Team: 20%
  • Community Incentives: 40%
  • Private Sale: 20%
  • Public Sale: 20%

Acquisition of KUJI Tokens

• Purchasing KUJI Tokens on Exchanges: KUJI is available for trading on several cryptocurrency exchanges, including KuCoin, Gate.io, and Binance DEX.
• Staking Rewards: Users can earn additional KUJI tokens by staking their existing KUJI holdings through the Kujira platform.
• Liquidity Mining: Users can provide liquidity to the KUJI/USDT pair on decentralized exchanges and earn rewards in KUJI tokens.

Staking KUJI Tokens

• Staking KUJI tokens allows users to earn additional KUJI rewards while contributing to the security and stability of the Kujira network.
• Users can stake their KUJI tokens through the Kujira web wallet or by using delegated staking services offered by third-party providers.
• The annual percentage yield (APY) for staking KUJI varies depending on the amount of KUJI staked and the duration of the staking period.

Governance Participation with KUJI Tokens

• KUJI token holders have governance rights and can participate in the decision-making process for the Kujira protocol.
• Users can vote on proposals related to protocol upgrades, fee structures, and new feature implementations.
• Voting power is determined by the number of KUJI tokens held by the user.

Tracking and Managing KUJI Tokens

• Users can track their KUJI token holdings and manage their staking and voting activities through the Kujira web wallet.
• The wallet also provides access to real-time market data, transaction history, and updates on upcoming governance proposals.
• Additionally, users can use third-party wallets and portfolio trackers that support KUJI tokens.

Key Utility of KUJI Tokens

• Staking: Earning rewards and contributing to network security
• Governance: Participating in the decision-making process
• Fees: Paying transaction and protocol fees within the Kujira ecosystem
• Incentives: Rewarding contributors, developers, and early adopters

Future Developments and Utility Expansion Plans

• Additional Staking Options: Kujira plans to introduce liquid staking and other innovative staking mechanisms to enhance the flexibility and earning opportunities for KUJI token holders.
• Decentralized Governance: The Kujira team aims to decentralize the governance process by empowering the community to make key decisions and shape the future of the protocol.
• Cross-Chain Integrations: Kujira is exploring integrations with other блокчейн networks to expand the utility of KUJI tokens and facilitate cross-chain transactions and interactions.

FAQs

Q: What is the maximum supply of KUJI tokens?
A: The total supply of KUJI tokens is 15,000,000, and it is not expected to increase.

Q: How can I store my KUJI tokens securely?
A: You can store your KUJI tokens in the Kujira web wallet, a hardware wallet, or a reputable third-party wallet that supports KUJI tokens.

Q: Can I stake my KUJI tokens on other platforms besides the Kujira wallet?
A: Yes, you can delegate your KUJI tokens to staking pools offered by third-party staking services to earn rewards without managing your own staking setup.

Q: How often are KUJI staking rewards distributed?
A: Staking rewards in KUJI are distributed daily and automatically credited to your staking wallet.

Q: What is the use case of KUJI tokens outside of staking and governance?
A: Kujira is actively developing new use cases for KUJI tokens, including oracle services, synthetic asset issuance, and decentralized lending.