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

Last updated