We’re happy to announce that the KuStarter tokenomics and public sale details have been finalized. This article will detail the tokenomics, and will act as a quick guide on how to participate in the public sale.
Make sure to follow KuStarter on all our social channels to receive updates & announcements regarding the sale and subsequent listing.
Public Sale for $KUST
Several key events need to occur without significant unexpected delay in order for the KuStarter public sale to proceed as planned. They are as follows:
- Smart contract development must be completed
- Smart contracts must be audited by a reputable auditor
- Marketing and partnerships must be finalized
- The platform and website must be completed
Subject to the completion of these items we expect to launch within the next week, however we do not yet have a specific date. The details of the sale are as follows:
- Tokens will be sold at $0.20 (seed) and $0.25 (public) per token
- The max purchase will be 2,000 tokens
- There will be 200 spots on the whitelist
- 100 of these will be filled from our Gleam.io competition
- The remaining 100 whitelist spots will be allocated for marketing and a series of promotional competitions which will be announced on our Telegram
- 20% of tokens will unlock at listing, with the rest of the tokens vesting linearly from 2 weeks after listing, over a period of 6 months
Tokenomics at Launch
The initial supply of KuStarter at launch will be 465,000. This will be comprised of the following:
- Initial DEX liquidity (225,000 tokens)
- 20% seed sale unlock (60,000 tokens)
- 20% public sale unlock (80,000 tokens)
- 20% marketing budget unlock (100,000 tokens)
This equates to a market cap of ~$160,000 (465,000 tokens at listing price $0.35) at the moment of listing.
After all Vesting
The eventual KuStarter tokenomics after all vesting (3 years at the longest) will be as follows:
- Seed sale @ $0.20: 300,000 tokens (20% on TGE, two week vesting pause, linear over nine months)
- Public sale @ $0.25: 400,000 tokens (20% on TGE, two week vesting pause, linear over six months)
- Liquidity: 225,000 tokens (locked for one year)
- DAO Fund: 5,000,000 tokens (linear vesting over three years, token control ceded to KuDAO community)
- Marketing: 500,000 tokens (vested)
- Development: 1,000,000 tokens (50% linear vesting over Q1, 50% linear vesting over year)
- Staking rewards: 1,575,000 tokens (details TBC)
- LP mining rewards: 1,000,000 tokens (details TBC)
Links
- Website: https://kustarter.com
- Telegram: https://t.me/kustarter_official
- Twitter: https://twitter.com/kustarter
- GitHub: https://github.com/KuStarter
