$KIN — Current Use-Case & The Future
“What’s this token do?”
“What’s the utility?”
“What % reflections?”
Okay, if all is not clear yet, let me bring you on a journey called Kin. As you may already know from our website, we are a team that’s been working together since the wild DeFi summer of 2020. Friendships have been made, fortunes won and lost (and won again), tokens paper-handed and diamond-handed, rugs suffered, lessons learned and knowledge acquired. We were born during a time of innovation, risk and madness. We witnessed grandiose visions rise and fall and some even do what they promised. This is what drives us. This is what inspired us.
When piecing together Kin in early 2022 our one rule was this; it must be sustainable. Even if it’s not achieved, that must be the ambition. When did the highly speculative space of crypto (or the degen space if you prefer) get so uninventive? When did Game Theory & Innovation get replaced by larps and repetition? We’re not sure when it happened, but we’re here to change it.
“Dev is the love child of Vitaliks’ maid”
“He used to eat tacos and bowl with Satoshi every Friday night”
“Deployer wallet was setup in 2004, bro”
Well, that’s not us. If you’re here for a larp then sorry to disappoint. We are Kinance, not Kin Inu. We have constructed a Flywheel that will generate volume, will build slowly but surely(and maybe even explode) and will be sustainable. What we promise to do, we will do. As we add more and more parts to our Flywheel via our Treasury, it’ll fatten itself to a point of no return.
For those with long memories, they may recall $Core. What a wild ride. Zero to $100m in no time. An innovative concept that acted as a precursor to RFI reflections that, despite the meme, did indeed change the space. We’ve all moved on, but cVault Finance did what it said it would do. Unprecedented gains were made and it’s value has held to this day, despite eyes no longer watching. And therein lies what we plan to build. A project that doesn’t depend on larps, fake wallet connections or greater fools buying the top. We will, however, keep eyes on us and even if they get distracted, we will have built a valuation that will protect those who entrusted us with their investment.
Now, back to the original question. What does $Kin do? I’ll tell you what it does right now. Just know that we are not done and we won’t promise falsehoods. We will use the Treasury to add more and more parts to an ever-expanding Flywheel. Kinance is here to stay.
First the taxes, then the utility.
6% Buy/Sell Tax — What’s it for?
To note we will never increase tax above 6% and will be reducing tax according to Marketcap (MC) & Volume. This is as MC increases a lower tax is needed to incentivise traders. Equally as volume increases a lower tax is adequate for the Kinance Ecosystem.
6% Tax Breakdown:
- 50% to AnonBet Game Prize Pool
- 30% to The Treasury
- 10% to Liquidity
- 10% to The Team
$KIN Utility
Permanent & Live Utility:
- Staking to generate multipliers within our MVP Game AnonBet. $KIN will be staked with time x value variables in order to bolster AnonBet starting balances
- Anon Kin NFT holders (that have exclusive access to AnonBet) will require $KIN to participate & bolster AnonBet winning probability
- Anon Kin NFT Royalties (set at 7.5%) will buy $KIN — The $KIN will not be burned; we have plans for more Flywheels parts, remember?
- AnonBet Game profits will buy $KIN — Again, no burn, sers
Temporary & Live Utility:
- As per our LBP Holders who are receiving the 1st Round Mint of Anon Kin NFTs for free, so will something similar be used to determine whitelist for future free mints. Anon Kin NFTs will have exclusive access to KinBet’s weekly Prize Pool (standing at $90,000 as of writing)
Future Utility :
As promised we are not done with what you see. We now have funding to build more than our MVP. That is our plan, that is what we will do.
We hope you’ll join us.
Kin Jong-un
