KOM Monthly Report for October 2021
Hi, $KOMmunity!
Perhaps you have read what we have achieved so far for the month of October 2021 in this article. We are really thrilled and grateful for the infinite support of our KOMmunity along this journey.
Starting from this month, we are aiming to present to you our monthly report the latest by 5th each month.
1st Social Engagement Burning
We have introduced the first way for us to reduce KOM token supply, which is the Social Engagement Burning. We believe this might be the first in the history of cryptocurrency. There were 7,954,075 KOM or approximately $9,544 burnt, and this is the transaction id of the burnt : 0x18aeb3779d6aef6d46bb43c357ffdcb4f2b0ba46db391ddcdf2d5493c2a26736. Now, let’s dive into the details of this burn.
1. Twitter
The very first part that we cover for our Social Engagement Burning is Twitter. Last month, in our pinned post about Social Engagement Burning, there were 171 likes and 127 retweets. Each like contributes for 100 KOM burning and each retweet contributes for 200 KOM burning respectively, which in total sum up the amount of 42,500 KOM burnt.
As seen above, there were 1,932 mentions about @kommunitas1 in twitter and it contributes to 386,400 KOM burnt. For the month of October, we did not take into consideration the profile visits and tweet impressions, but these two will be added into next month burning, to replace the pinned post likes and retweets. We decided to do that because in one month, there might be more than 1 pinned post and it’s quite hard to calculate.
Hence, starting November 2021, every Twitter profile visit will contribute to 100 KOM and each Tweet impression will contribute to 50 KOM.
Shout out to Adrian Chamber on twitter as our top followers! As Kommunitas’ top follower, he has contributed to 726,000 KOM burning as he has 363k follower on his twitter. We have also decided to change the multiplier of top follower from 2 KOM per follower to 5 KOM per follower starting November!
2. Other social media
In other social media, there was 1 Meme / Infographic about Kommunitas made last month. There were 2 video reviews about Kommunitas and there were also 24 partnerships made my Kommunitas and its community partner, which in total sum up a number of 2,655,000 KOM to be burnt.
Kommunitas medium has 454 new followers in the month of October, and 1,000 KOM burnt for every followers count, which made up a number of 454,000 KOM burnt.
In the other hand, Kommunitas medium’s views , reads, and fans added to a number of 6,768 and as promised we burnt 200 KOM for every count, which made up a number of 1,353,600 KOM.
There were 790 new users in Kommunitas main telegram group, and 3,686 is the number of total messages sent in the month of October 2021. As promised, 200 KOM will be burnt for every new user joining our main telegram group and 50 KOM will be burnt for every message sent in telegram group. Hence, it made up a number of 342,300 KOM burnt in total.
By the time we announced about Social Engagement Burning, there were 27,210 KOM token holders, and by the end of October there were additional of 1,927 new holders for KOM token. Hence, 1,927,000 KOM burnt for this holders count.
There were also a number of 67,275 KOM burnt from the address of 0xD528938cBCcd32a27b79F757Be14EDa747d06390. This address is used to verify KOM holder who wish to join our Private Partners group and get a guaranteed allocation for seed / private sale. If you wish to join our Private Partners Group , please stake more than 250,000 KOM and talk to KOM Elite Bot in telegram.
To know more details about each criteria for KOM Social Engagement Burning, visit this docs here : https://docs.google.com/spreadsheets/d/15U4xeZRdH2d4gyKmyAP0NjiETteJncrOoHjZYouRJ78/edit?usp=sharing
The number of 7,954,075 KOM burnt is below my expectation. But I hope our KOMmunity can helps us better in terms of reducing the supply of KOM token. — Robby Jeo
Liquidity Pool
The next part that we will cover in the monthly report is about KOM liquidity pools across all decentralized exchanges.
As shown above, the total value of KOM liquidity across all decentralized exchanges is at $327,254.
Kommunitas will provide this monthly report on monthly basis, and if you have some idea about how we should write and present, you are welcome to inform us at support@kommunitas.net
About Kommunitas
Kommunitas is a decentralized and tier-less Launchpad. Kommunitas is the solution for Multi Chain oriented projects, meaning that it can serve project from various blockchain like Polygon, BSC, Ethereum, Avalance, Solana.
Not only a Launchpad, Kommunitas also offers project a wide variety range of funding, starting from Private round, Strategic Round, and we also offer list of marketing service that can boost a project’s popularity. Kommunitas is ready to serve a project from community management to those related to graphic design and content creation.
Kommunitas firmly believe that with its connection to dozens of regional crypto communities and influencers, as well as several blockchain companies and Capital Funds / VCs, Kommunitas can help to boost a project exposure in a short period of time.
