May 30, 2022
Tokenomics & Liquidity Re-locking
Tokenomics Development
Structuring our tokenomic system is a top priority. Our smart contract Solidity Developer is working with senior advisors finalizing the coding and staking contracts for the upcoming Disclosure kNFT Collection and $KNDX token. Many factors and models are being examined as we design the $KNDX ecosystem. Establishing a healthy and balanced economic network for our 3D NFT Marketplace dApp, kNFTs and Design Lab services, is a larger scope than the average tokenomic system! We are working very hard to accomplish all the goals we have set forth and have been engaged in lengthy meetings with outside consultants to ensure the success of the project is secure. We will be releasing the information as soon as it’s completed.
Liquidity Re-locking
Liquidity for our contract is re-locked for one year. We have been continuously examining the next steps or our forthcoming roadmap initiatives, and after a thorough analysis of the project we have chose re-lock 70% of liquidity and purpose the remainder for facilitating the project goals. These changes will benefit the project, and better fit the business structure we aim to implement with Kondux. We are not selling $KNDX as to not dilute the token value. When liquidity is unwrapped the tokens will be sent to the burn wallet. To best respond to the needs of the ecosystem the remaining 30% will be used for the following initiatives:
- Completion of POC Omniverse server cluster
- Liquidity for staking vaults in the $KNDX ecosystem
- Retention of developers and contractors
TXN ID of lock: 0x45d46abe559827d96cd45aab67ef9e74da61243a2e308859bdb2f479a9c950a4
Vault contract address: 0xE2fE530C047f2d85298b07D9333C05737f1435fB
Wallet Allocation Revision
We are changing the structure of our wallets. To fulfill the next phases of development we are shifting a total of 12% of token allocation from our Partnership & Exchange wallets to the Developer and Marketing wallets.
Marketing & Roadmap Q3 & 4 2022
We are currently aligning the development teams to build out the next phase of our Roadmap. As our contracts and reward systems are finalized, a supporting Whitepaper will be published containing all the details. Both updates will be on our website once complete, and an announcement will be made. Information is a major part of the formula for successful marketing and product launch. As soon as these things are completed, marketing efforts, onboarding influencers and creating new wallet holders will be much more effective. Information is key. We understand this, and are working hard to work it into a clear, presentable fashion.
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