KIWI Token
Last updated
Was this helpful?
Last updated
Was this helpful?
The total supply of $KIWI is unlimited, however, to keep the token price stable and 'ascending' rather than 'descending' we must keep the supply of $KIWI scarce.
New $KIWI will be minted at a rate of 0.00005 per block.
An additional 18% of $KIWI emission will be sent directly to PolyKiwi's Dev address, of which 8% will be automatically burned (the reason for this is a mistake in the code to mint the extra 8%: as we can't stop minting the extra 8% without redeploying, we will burn it). The remainder 10% will be used to provide liquidity, facilitate lottery/referral payouts, and support collaboration in the DeFi space through partnerships.
This means that approximately 2.31 new $KIWI is minted every 24 hours (this includes the additional 18% sent to the Dev address).
The emission rate of $KIWI will be reduced further, over time. Any changes to emissions will be shared with the community in advance.
From all deposit fees made on PolyKiwi Finance;
50% Attributed to buying and burning $KIWI.
20% Attributed to marketing and promotional material.
20% Attributed to project development.
10% Attributed to the team.
$KIWI is used as the governance token in community proposals, check to find out more!