Kommunitas May 2022 Monthly Report
Since the month of May has ended, it’s once again time for our monthly report! We’ll be covering the outcome of our Social Engagement Burning, DxLock burning, KOM liquidity across all DEXs, as well as look back at some of the things we achieved in the past month.
This month we burned a total of 1,485,340,309 KOM or Approximately $3,357,608 at the time of writing! This includes both our Social Engagement Burning and DxLock Burning. Featured below is a breakdown of our May 2022 Social Engagement Burn as well as DxLock Burn.
Back in April, Kommunitas established “Kommunitas Priority Projects” where projects will have to pass a stringent set of criteria to become a Kommunitas Priority Project. You may read more about it here.
This month, we held our first two INOs (Initial NFT Offerings) for iStep’s NFT boxes as well as Bikearn’s NFT bikes, and we raised funds for a total of 3 Priority Projects. We also introduced Revenue Sharing, where 30% of all non-refundable fees (in USDC) collected will be distributed proportionally to KOM Private Partners (members with more than 500K KOM) on a quarterly basis. Read more about it here.
8th Social Engagement Burning!
During our 8th Social Engagement Burn this month, we burned a total of 25,510,660 tokens. That’s equivalent to $58,675 worth of KOM tokens burnt. You may check out the transaction here.
Now, let’s get into the specifics of our May Social Engagement Burn.
1. Twitter
As usual, we’ll first be taking a look at our Twitter. In the Month of May, we’ve managed to attain 680k visits to our Kommunitas Twitter profile. With 5 KOM burnt for every profile visit, that’s a total of 3,400,000 KOM burnt!
We’ve also received 606k tweet impressions in May, with a multiplier of 5 KOM for every impression, that’s another 3,030,000 KOM burnt!
As depicted above, we received 25.7K mentions on our twitter account (@Kommunitas1), leading to a burn of 2,570,000 KOM!
Our Top Follower of The Month goes to Sherif Fayed! You can head on to his Twitter and show him some support as his 636K follower count allows us to burn another 3,180,000 KOM!
2. Medium
With an increase of 191 followers on our medium page and 1,000 KOM burnt for every new follower, that leads to 191,000 KOM burnt.
Following up, our View, Reads and Fans on Medium totalled up to 23,758. With our promised burn of 200 KOM per count, that easily adds another 4,751,600 KOM to our total burn count!
3. Telegram
Next up, will be our telegram. We’ve gained an additional 18,563 members to our KOMmunity in the past month and we amassed a total of 21,730 messages sent during the month of May. After multiplying that by a burn of 200 KOM for every new member and 50 KOM per message sent, that works out to 4,799,100 KOM burnt!
A total of 4 AMAs were also held over on our main telegram. With 100,000 KOM being burnt for each AMA we hold, that’s another 400,000 KOM sent out of circulation! You can tune in and participate in our AMAs by joining our main telegram group. There are usually some prizes to be won for selected individuals!
A total of 1,296 KOM was sent to our address used to verify the wallets of KOM holders who wish to join our Private Partners group. To honor the contributions of these individuals, we’ve decided to burn 10x the amount of KOM they send, equating to 12,960 KOM burnt. You may also join our Private Partners group to get guaranteed allocation for Seed / Private sales by staking a minimum of 500,000 KOM and starting a conversation with our KOM elite bot over on telegram.
4. Private/Public sales on our launchpad
Last month, we held a total of 3 Public sales on our launchpad. This leads to an additional 1,500,000 KOM burnt. We will continue to try our best in providing our KOMmunity with high-quality, innovative projects that have passed our due diligence and criteria.
5. New Unique participants in our launchpad
Following the removal of our burning based on the number of new token holders, we have decided to replace it with a section where we burn 1000 KOM for every new and unique participant in our launchpad that month. This month, there were a total of 676 new unique participants in our Launchpad, hence we are able to burn 676,000 KOM!
That’s the end of our social engagement burn section, you may find the specifics and criteria of our KOM Social Engagement Burn here: https://docs.google.com/spreadsheets/d/15U4xeZRdH2d4gyKmyAP0NjiETteJncrOoHjZYouRJ78/edit#gid=1874240816
DxLock Token Burn
Coming up next, is the exciting part of our monthly report! Following Kommunitas’ decision to reduce our max token supply of the KOM token from 40B tokens to 2B tokens, we have started burning the tokens that are vested from our DxLock contract, in order to reduce our max supply. We’re proud to announce that we’ve burned 1,459,829,649 KOM tokens this month! That’s Approximately $3,357,608 worth of tokens, at the current price of KOM! You can find the burn transaction here.
We’ll be reporting our DxLock Token Burn at the end of every month, so stay tuned! You can also read more about our max supply reduction here.
KOM Liquidity Pool
Next up will the section that covers $KOM’s liquidity pool across all decentralized exchanges.
KOM’s Liquidity across all DEXs
As shown above, the total value of KOM liquidity across all DEXs amounts to $343,606. That’s a decrease of about 4% from the month of April, which could be due to the current unfavorable market conditions. We’ll continue to add more functionality to our token, such as Revenue Sharing which we announced this month, and we’re open to all form of opinions from you.
About Kommunitas
Kommunitas is a decentralized and tier-less Launchpad. Kommunitas is the solution for Multi-Chain oriented projects. Kommunitas welcomes projects from various blockchains such as Polygon, BSC, Ethereum, Avalanche, Solana, etc.
After starting the first Initial KOMmunity Offering (tier-less, decentralized IDO) and Social Engagement Burning, Kommunitas has introduced something new that could be the first of its kind in the Crypto Sphere.
Not only investors will get capital gain from the investment, they are also presented with the opportunity to earn passive Revenue Sharing in Stable Coin as well as in KOM Token by holding and staking KOM token.
