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$211,000
$13,606
1,000,000,000 KLAP
1,000,000,000 KLAP
KLAP Finance KLAPKLAP Finance(KLAP) Allocations
| Category | Percentage | Total | Description |
|---|---|---|---|
| Advisors | 5% | 50,000,000 KLAP | - |
| Investors | 7.5% | 75,000,000 KLAP | - |
| Devs | 12.5% | 125,000,000 KLAP | - |
| Krust/Klaytn | 10% | 100,000,000 KLAP | - |
| Treasury | 9% | 90,000,000 KLAP | - |
| Community | 1% | 10,000,000 KLAP | - |
| Early Incentives | 5% | 50,000,000 KLAP | - |
| User Emission Rewards | 25% | 250,000,000 KLAP | - |
| Pool2(KLAP/KLAY) | 10% | 100,000,000 KLAP | - |
| Ve stakers | 15% | 150,000,000 KLAP | - |
KLAP Finance Token Sale
KLAP (Klaytn Lending Application) is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralized (perpetually) or under-collateralized (one-block liquidity) fashion.
Utility
The KLAP token has multiple utilities.
1.Ve
KLAP holders, vesters, and KLAP-KLAY LPs can lock their tokens in order to receive veNFTs.
Ve NFTs give you the following:
- Voting rights to determine KLAP emissions for lend/borrow pools of each token on KLAP
- Yield Boosters on liquidity mining rewards for both lending/borrowing as well as Pool 2 - Ve holders can also vote on wider protocol-level decisions, such as the usage of Treasury funds, as well as adding additional utilities.
2.A growing treasury
As a decentralized protocol, no one person has the power to shut KLAP down once it is launched. As long as there is a non-zero amount of assets lent/borrowed on KLAP, the treasury will continue to grow, as the protocol takes a small fee on the interest rates. The treasury receives 80% of all fees on the protocol. At some point down the line, Ve holders can vote and decide to allow KLAP holders to burn & redeem the treasury funds for their KLAP. For example, if someone holds 1% of the total supply of KLAP, they could burn all of their KLAP to redeem 1% of all treasury funds.
KLAP has a maximum total supply of 1,000,000,000 (1 billion) tokens.
However, if the burn and redeem mechanism is to be voted in by the community, the maximum total supply will likely be significantly less than that.
KLAP Finance(KLAP) token pre-sale platform
- Gate.io Startup: www.gate.io
Trending Token Sales
