Tokenomics
Distribution of KUD
Since there are approximately 482,000 Kudu that exist in the wild that's how many tokens we will release.
10% under the Pangolin Labs
10% to Team
20% to Treasury
10% to Private Sale
5% Airdropped to DAO's
45% Community distributed
Pangolin Labs
Pangolin Labs is an incubator which has allowed Kudoo to develop into a fully fledged product. While Kudoo has been in development for years, Pangolin allowed the resources to get it working for the Blockchain and allowed us the platform to get our product to market. We will release 48,200 KUD tokens over 2 years to the following Pangolin pools:
Single sided PNG staking
USDC.e - KUD
Treasury
20% of the token allocation will be used to fund the further development of the protocol
Vesting schedule is 24 months linear
Team
10% of the tokes will be allocated to Kudoo team
Vesting schedule: 5% TGE, 6 months lock-up, 30 months linear
Private Sale
We will release KUD with a fully diluted valuation of 10 million USD at a price of $20.75 per token.
This sale will consist of two rounds.
Private sale (50%)
Avalaunch sale (50%)
We will use the proceeds from the Private Sale to launch USDC.e - KUD Liquidity exclusively on Pangolin.
So that means 500K USDC will be used to provide Liquidity from the Private Sale as well as a matching amount of KUD from the Treasury.
Vesting schedule for private sale is 24 months linear where Avalaunch public sale has 12 months linear vesting
Airdrop
We will airdrop to DAO's on Avalanche. 25% of the Airdrop will be to the following projects (vested over 2 years):
Pangolin
Snowball
Verso
Yield Yak
Penguin
Avme
Avaware
Sherpa
Spore
Elk
Markr
Canary
Trader Joe
Lydia
Avalaunch
Husky
Baguette
Cycle
Crypto Seals
Gondola
We will revise the list of DAOs for airdrop in every 6 months based on DAOs entering/leaving Avalanche
Community distributed
We'll distribute the rest of KUD via a variety of distribution methods, including staking. 20% of the total supply will be set aside for Olympus PRO for the Pangolin LP pool of USDC.e - KUD
Revenue model
Kudoo will charge users for performing actions within the dApp. These transactions will be charged in USDC.e to prevent volatility. The USDC will then be in a smart contract, which will periodically purchase back KUD on the open market.
The current thinking is the following actions will be charged:
Submitting a timesheet will be charged at 10c
Submitting a Payrun will be charged at $10
Treasury management will be charged at 0.3% per annum on a weekly revaluation period
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