Tokenomics
We're in the process of building an eco-system that provides a stack of benefits to our token holders, giving them discounts on products and services, as well as the potential to receive tokens in exchange for community rewards.
1
Tokenomics
300,000,000 Maximum Supply.
10M sold for $0.0035 during the initial sale. ($35K)
20M sold for $0.005 during the pre-sale ($100K)
150M sold for $0.01 via an on-site smart contract ($1.5M)
30M reserved for adding permanent liquidity.
50M held for the Kokolato Reserve Protocol
60M for team and partnerships.
Funds from the on-site smart contract token sale are utilized accordingly
20% is automatically paired with CHEF tokens reserved for adding liquidity.
10% is placed into the Kokolato Reserve Protocol.
The remaining funds are used to develop Kokolato's business infrastructure.
2
Liquidity
Liquidity is stored in a Balancer LP with 50% CHEF, 25% MAI, 10% ETH, 10% BTC, 10% Matic. Stored on Matic Chain.
3
NFTs
Users can exchange their CHEF tokens for NFTs.
5% of CHEF used to mint is burned.
30-50% of CHEF is transferred to the Kokolato Reserve Protocol.
45-65% of CHEF is sold and used to fund Kokolato operations.
[Variable range determined by the economic health of CHEF token as established by the Kokolato Reserve Protocol]
4
Under Construction
We're currently doing due diligence to see if we can create a mechanism where 50% of the net profits from Kokolato could be used to buy CHEF. Those CHEF tokens would then be transferred to the NFT holders. The remaining 50% of profits would be used to expand Kokolato operations and increase returns for NFT holders over time.
The Kokolato Reserve Protocol is a trading bot that trades the CHEF Balancer LP with the intention of producing additional revenue while balancing the value of CHEF within a 0.3-30% spread of the target price. Drastically reducing drawdown for our customers.
CHEF token has an automated 1/101 transfer fee for amounts under 1,000,000 units. Transfer fee changes to 1/303 for amounts over 1,000,000 units.
50% of the fee is burned, and the other 50% is sent to the Kokolato Gnosis Multi-Sig.
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