Mar 17
Future of Kyoto Blockchain
Hello, fellow Kyotees!
We have some exciting news to share with you as we approach our targets for the L1 launch. The team has been working long and hard to raise funding and bring value to Kyoto upon launching our L1 and listing on our first centralized exchanges. We needed to implement changes to do this successfully, so let’s dive in and see what they are.
Launch of Kyoto Blockchain
We know many of you are excited about this and eagerly awaiting information regarding the L1 launch. Well, today is the day we bring the date forward, and that date is…
JUNE 30th!!
Yes, Kyotees, everything is on schedule, and the date you are all waiting for has been set. Our Testnet will soon be up and running and providing valuable information, and we need to ensure everything works as intended.
Now that we have that out of the way, onto the more pressing matters, including a couple of changes we needed to make to be sure that everything works out bullish.
Kyoto Token Maximum Supply Change
As discussed in the last couple of AMAs, the Kyoto Foundation is deep in talks with market makers to help roll out the Kyoto coin to a broader audience through listings on centralized exchanges. As it now stands, the maximum supply of the Kyoto token is 3.25 billion planned, with rebases running until July 2nd. The rebase method of token distribution has proven to be a challenge for the market makers and our team, one we needed to overcome if we wanted to have a successful launch, price appreciation after launch, and carry out what we intended to do. We understand that implementing changes this far down the line is always challenging for the holders (and the team), but they are necessary and always have the good of our holders in mind.
Rebase Stopping
As we previously mentioned, the rebase mechanics proved to be a headache for us and for our efforts to secure funding for Kyoto Protocol, so in consultation with our market makers and our board, we decided to stop the rebases as of May 1st. It was by no means an easy decision for us, but to thrive, we need to adapt and overcome. This change will enable us to secure the funding we need to push everything forward and provide more accurate metrics for new tokenomics and node income before L1 release. Stopping rebases will allow us to align with market makers and will be followed by a big marketing push explaining our vision and goal to broaden our audience, preparing us for L1 launch and our first exchange listings.
New Tokenomic Structure
Max Supply 1,000,000,000 KYOTO
Total migrated supply — 574,956,222.37
Burn wallet — 172,486,866 (30%)
Circulating supply* — 402,469,356 KYOTO
Initial Market Cap — 132,814,887 USD (at 0.33c listing price)
*includes preminted vested and/or locked tokens that are distributed to holders wallets on migration to blockchain and accrue APY, team tokens and Foundation tokens. The amount of coins in the open market will increase daily as rewards and coins are released to holders for trading on the market.
Liquidity — 12,074,080 Kyoto (3% of the circulating supply used from the Foundation owned KYOTO)
65% of the remaining supply (253,756,928 KYOTO) will be vested/locked.
These tokens will earn APY of 20% for Delegates in year one, and 18% APY in years two and three. Daily released rewards from the APY will be sellable while the initial 65% tokens will be locked for 3 years minimum.
35% of the remaining supply (136,638,346.6 KYOTO) will be released on a 3 year vesting schedule:
Year one: 8.5% released (33,183,598 KYOTO)
Year two, and three: 13.25% released (51,551,727 KYOTO + 51,551,727 KYOTO)
Vested tokens will be staked in the Kyoto Wallet and will earn APR on the token amount staked in the wallet over a 3 year period as follows:
Year one — 20% APR
Year two — 18% APR
Year three — 18% APR
Vested tokens, staking rewards and node rewards will be released daily and tradeable on the market.
Node Income and Structure
Now that we have explained what Kyoto coin holders can expect, we need to highlight what node owners can expect with the changes implemented.
First off, let’s address the node structure. Because of the recent changes and development, we had to shift from the previously announced node structure and return the nodes allocated for Lock and Earn to Kyoto Foundation.
To paint a clear picture of potential gains, we worked out a couple of scenarios that could play out depending on our holders’ selling vs. staking actions.
The following figures are worked out on the basis that nodes will earn 25% of all APY on Kyoto staked, which adds to the total supply.
This will be distributed as 10% to validator nodes and 15% to master nodes.
Everyone sells scenario:
Year one
Supply start of year — 390,395,275
Supply end of year — 476,371,823
Potential sell pressure — 122,177,654
Validator node income — 23,266
Masternode income — 355,976
Year two
Supply start of year — 476,371,823
Supply end of year — 547,973,130
Potential sell pressure — 120,311,172
Validator node income — 17,930
Masternode income — 274,335
Year three
Supply start of year -547,973,130
Supply end of year — 605,852,470
Potential sell pressure — 109,606,713
Validator node income — 15,131
Masternode income — 231,517
Nobody sells scenario:
Year one
Supply start of year — 390,395,275
Supply end of year — 487,994,088
Potential sell pressure — N/A
Validator node income— 25,516
Masternode income — 390,395
Year two
Supply start of year — 487,994,088
Supply end of year — 577,394,603
Potential sell pressure — N/A
Validator node income — 27,557
Masternode income — 421,626
Potential extra earnings if year one node income was staked through year two:
Validator nodes: 1,405,422
Master nodes: 2,108,134
Per Validator node: 4,592
Per Master node: 70,271
Year three
Supply start of year — 577,394,603
Supply end of year — 709,715,169
Potential sell pressure — N/A
Validator node income — 32,517
Masternode income — 497,519
Potential extra earnings if year one and year two node income was staked through year three:
Validator nodes: 3,176,255
Master nodes: 4,764,383
Per Validator node: 10,379
Per Master node: 158,812
35% people sell scenario:
Year one
Supply start of year — 390,395,275
Supply end of year — 483,662,262
Potential sell pressure — 41,442,018
Validator node income — 24,383
Masternode income — 373,067
Year two
Supply start of year — 483,662,262
Supply end of year — 580,170,172
Potential sell pressure — 42,028,330
Validator node income — 25,230
Masternode income — 386,031
Year three
Supply start of year — 580,170,172
Supply end of year — 676,280,045
Potential sell pressure — 38,294,492
Validator node income — 25,126
Masternode income — 384,439
KyotoWallet.io
As you all know, Kyoto Wallet is in the build phase, and we are excited about the features it will offer as a central hub for Kyoto Protocol and the Kyoto ecosystem.
We won’t go into too many details just yet but you can get a glimpse of what we are making at https://www.kyotowallet.io/.
We’ve also added a feature we know you all eagerly expected — Kyoto staking calculator so be sure to test it out ;)
Bullish changes for the future of Kyoto Blockchain
We know all the numbers we gave might surprise everyone, but as you can see, we are building full steam ahead, and our vision of Kyoto’s future is more bullish than ever. With the 3.25x reduction of supply and launching price at 0.33c, there is much room for price appreciation. Not to mention that the news we have for you that will be released as a part of our marketing push before L1 will make you explode in anticipation of our first listing…and second…and third…you get the picture.
To give some more perspective on the potential for growth that Kyoto has as a ReFi-focused blockchain, we could make a comparison to two of the most known blockchains in this space, Hedera and Celo.
Celo — max supply 1 billion — ATH price 7.3$ — ATH MC 2.8 billion$
Hedera — max supply 50 billion — ATH price 0.5$ — ATH MC 6.8 billion$
Maybe these numbers gave you something to think about :)
KyotoSwap.io — Kyoto Flagship Dex on L1
One of the first products to launch on the Kyoto Blockchain will be Kyoto Swap, our flagship product that has hit numerous milestones since its launch on BSC network.
By transferring to its native blockchain, Kyoto Swap will be able to tap into the Kyoto ecosystem directly, deepening its liquidity and TVL by providing new trading pairs and enabling us to expand its features to a whole new niche of products. It will also allow arbitrage opportunities between DEX and CEX pairing, enabling us to boost the volume further.
KyotoSwap.io’s dedication to social responsibility and environmental conservation sets it apart from other decentralized exchanges, providing users with a socially responsible investment opportunity that benefits both their portfolio and the planet.
Using a unique application to Regenerative Finance (ReFi), KyotoSwap.io provides a cost-effective solution for companies and individuals looking to reduce their environmental impact, achieve carbon neutrality, and even surpass it to become carbon negative at little to no cost passively.
Alpha — Mycelium money will be the first legacy project to launch on our L1.
Buy Kswap and offset with us today!
About KyotoProtocol.io:
KyotoProtocol.io is the world’s first decentralized multilayer carbon credit finance protocol. Our technology improves the slow and outdated carbon credit industry by implementing solutions that utilize smart contracts on a secure, fully transparent blockchain ledger, creating the ultimate standard for the carbon credit industry. KyotoProtocol.io is building the home of Regenerative Finance, a new sub-sector within DeFi that can reshape the planet.
Buy $KYOTO here: https://otc.kyotoprotocol.io/
