KiX Tokenomics
Last updated
Last updated
The KiX Tokenomics shows how the treasury will apportion tokens to KiX stakeholders over time. This is a summary of that distribution:
The total max supply of $KIX will be 650 million.
400m (61.54%) of which are reserved as 'on-demand' via a type of bonding curve. Due to this they are cash-backed for those in the future that either wish to play the KiX game, and hence effectively dedicate their $KIX to DAT, or hold $KIX to vote and participate in KiX governance.
This $KIX issuance is driven by that demand within the market according to the On-Demand $KiX Issuance Mechanism. It's crucial that the supply of $KIX tokens over time is controlled to ensure a sustainable future for the development of the ecosystem and to avoid excessive volatility in the overall environment. The basic principle of the $KiX On-Demand Issuance Mechanism is that if there is little or no demand at the prevailing market price, new tokens will not be issued. However if demand increases, the size of the AMM needs to grow over time to reflect the number of tokens in circulation, so new tokens must be issued.
We believe that the On-Demand $KIX Issuance Mechanism is more decentralized than other models within the industry, a typical example being where large blocks of tokens are being issued into the market at intervals determined by a small group of individuals. The KiX mechanism is transparent and code driven.
Apart from the 400 million on-demand tokens, there are a further 250 million (38.46%) $KIX token emissions that are not 'on-demand' or backed by cash at the time of distribution. These tokens are released over time according to their specific vesting schedules. Our comprehensive tokenomics can be viewed here at KiX Tokenomics
According to the KiX Constitution the full 400 million On-Demand tokens will be dedicated exclusively to the sport of football. Should further sports be voted for by the DAO, then a further and totally separate on-demand reserve would be added along side it's own specific AMM pool. Some other emissions might also be voted for to promote this new sport.
Once issued through their separate on-demand reserves, $KIX tokens will be totally fungible between sports. So selling Kylian Mbappe will enable you to use your $KIX to buy an NBA player, or a cricketer, depending on the markets available at the time.
