Seed:

• Amount: $300,000
• Valuation: $0.025 / KEX plus value added
• Distribution: starts on month 3 after mainnet, ends on month 18

Private:

• Amount: $3,300,000
• Valuation: $0.05 / KEX plus value added
• Distribution: starts on month 1 after mainnet, ends on month 18

During all private rounds, early supporters were nominated for token grants under the condition to contribute to the development of the network — which will be further assessed before each token distribution event. Tokens allocated to the early supporters account for ~24.67% of the total initial KEX token supply. Full release schedule is further provided in the form of the distribution table.

Public:

• Amount: $400,000
• Valuation: $0.075 / KEX
• Distribution: 100% as ERC20, no vesting
• Details such as contract address to be announced in future announcement

Tokens allocated to the public round are unvested and account for 1.78% of the total initial token supply. After finalization of the public round distributions, tokens will be simultaneously unfrozen at the date announced, including a minimum of 7 days prior notice to provide equal chances to all participants.

Public will also receive 5% of the total initial token supply that will be distributed through various liquidity and PR incentivisation events over a period not shorter than 14 months. Every month 1M tokens will be unlocked for the purpose of distributions to the community.

Token Allocation

Developers & Team (15%)

Vested over 24 months with distribution starting 16 months after mainnet

The long term commitment of the team is key for reaching a level of network maturity at which decentralization and government decisions can take over. The developers will contribute to the open source codebase of the KIRA Network and steer the early direction of the product. After full scope delivery, the on-chain contracting module will enable network governance to incentivise development without relying on any single entity contributing to further development effort.

Advisors (7%)

Vested over 36 months with distribution starting 18 months after mainnet

In comparison to industry standards KIRA Network decided to vest advisors over a considerable period of time. This ensures that advisors are fully aligned with the long term vision of the project.

Foundation (20%)

Vested perpetually and diluted over time

The foundation tokens will only be used for the purpose of delegations. Foundation will not hold or earn staking rewards. This implies that only 80% of the total initial KEX token supply will be ever liquid and available on the market.

Reserve & Liquidity (26.6%)

Vested over 16 months, unlocked at the rate of 4M KEX per month

The reserve and liquidity tokens will be used for the purpose of two sided market support to ensure long term sustainability of the market as well as bounties and other essential incentivisation programs in case where community token allocations would not be sufficient.