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Tokenomics

Overview

Total initial supply: 200,000,000 $KNOW

200M $KNOW are minted at launch and subject to cliff and vesting terms, detailed below.

The distribution is the following:

Token Allocation

The cliff and vesting terms are the following:

TGECliffVesting
Seed5%6 months24 months linear vesting
Public Sale10%/12 months linear vesting
Foundation10%/60 months linear vesting
Advisors0%12 months36 months linear vesting
Team0%12 months36 months linear vesting
Airdrop50%12 months/
Liquidity100%/locked at TGE
DAO Treasury10%/60 months linear vesting

Maximum supply: 350,000,000 $KNOW (including block rewards, reached after 80 years)

The additional 150M tokens are released as block rewards (also called staking rewards) for Validators and Delegators over the 80 years following the launch.

Here are the details regarding the different allocations:

Distribution

Seed & Public sale

These tokens are distributed to investors in the seed round and the public sale who enabled to finance the development of OKP4.

Team

In order to build a world-class team, these tokens will reward the work investment into the project. These tokens will be split between founders, associates, current and future team members. It is also a way to increase the retention of the employees over the distribution period so that the roadmap goes on as planned.

Advisors

These tokens are reserved for advisors who accompany us throughout the development of our project and are governed by the same rules as for the team in order to incentivize them over the long term.

DAO Treasury

  • Grants: our open-source Protocol advocates rapid technological progress thanks to the many paid contributors. On the one hand, the DAO will propose on-chain tasks to be done for a certain remuneration in $KNOW tokens. On the other hand, if you have an idea to improve the Protocol, you can propose your idea to the DAO. They will be voted according to their relevance to the success of the network, the technical design and the overall quality of the team. By the community, for the community.
  • LP incentives: Liquidity Deposit Incentive Program offering a number of tokens in monthly rewards for liquidity providers. Liquidity providers earn rewards based on their percentage share of the overall liquidity pool.
  • Liquidity DEXs: in a situation where we need more liquidity than initially planned (especially if many Data Spaces decide to create their token), a part of this wallet is reserved for additional liquidity.

Liquidity

Owned by the DAO to provide liquidity on DEXs and distributed to the foundation to provide liquidity on CEXs through market makers.

Foundation (strategic reserve)

This strategic reserve will be controlled by a multisig comprised of foundation members. Initially composed of members from the development team and Cosmos community, it is subject to expansion and transparent decision-making. The funds will focus on many initiatives, including:

  • Research: research will be investigated by the foundation (or by scientists working for the foundation), with a view to finding new areas of improvement and creation for the Protocol and its surroundings. Most of what will be funded will be proposed as grants via the foundation.
  • Development: in a similar way than DAO Grants, these will be proposed by the foundation and the proposals will be reviewed by internal teams and multisig holders. The grants will be a little more oriented towards the financing of projects on the Ecosystem, interfaces... for development teams for the Ecosystem. Validators support could also be provided through delegation for providing relayer services, building out explorers, maintaining open source tooling and deploying dashboards...
  • Marketing: a part will be reserved for marketing to make known the OKP4 Protocol and to create a worldwide community. The marketing and communication activities are mainly focused on building a network of Data Providers, Services Providers, Consumers and Builders, but will also be geared towards a crypto community. We will focus the campaign mainly on two axes: one towards the traditional industry, and the other on the blockchain and cryptocurrency industry.
  • Ecosystem incentives: any kind of incentive to develop the Ecosystem. For example, hackatons, events, conferences, on-chain competitions...

Airdrops

  • Airdrop 1 (50%): This airdrop will be distributed at the time of the token release under certain conditions. The objective is to create awareness in the crypto community, a community of Providers, Consumers and Builders, in order to incentivize them to come, be interested and involved into the OKP4 Ecosystem.
  • Airdrop 2 (50%): This airdrop will take place at least one year after the first one under certain conditions.

Emission

Supply Schedule

Staking rewards

Validators and Delegators are crucial to ensuring security of the OKP4 Blockchain and help with block proposing, verification and validation.

The roles of Validators could expand to provide oracles, secure bridges, provide rollup services and other protocol-related services, making them critical participants.

Block reward for Validators and Delegators will depend on the inflation number that starts at 15% of total supply excluding block rewards (15% of 200M tokens) on the first year and then decreases by 20% each year:

  • Year 1: 15%
  • Year 2: 12%
  • Year 3: 9.6%
  • Year 4: 7.68%
  • Year 5: 6.144%
  • Year X: X-1 * 0.8

Staking APR will obviously be higher than the numbers quoted above, depending on the circulating supply and percentage of the circulating supply staked.

Overview after 3 years

Following these calculations, the circulating supply will be 243M $KNOW after 3 years, distributed according to the following:

Supply after 3 years