Kommunitas November 2022 Monthly Report
The month of November has passed in the blink of an eye, thus it’s once again time for our monthly report! This month, we’ll be taking a look at the outcome of our Social Engagement Burning, DxLock burning, KOM liquidity across all DEXs, as well as look back at some of our achievements in the past month.
For our 13th token burn this month, we’ve burned a grand total of 1,002,295,592 KOM, or Approximately $1,002,296 at the time of writing! This includes both our Social Engagement Burning and DxLock Burning. Featured below is a breakdown of our November 2022 Social Engagement Burn as well as DxLock Burn.
14th Social Engagement Burning!
During our 14th Social Engagement Burn this month, we burned a total of 3,034,160 tokens. That’s equivalent to $3,034 worth of KOM tokens burnt. You may find the burn transaction here.
Now, let’s dive into the specifics of our October Social Engagement Burn.
1. Twitter
Like always, we’ll first take a look at our Twitter. Throughout the month of October, we’ve attained 296k visits to our Kommunitas Twitter profile. With 1 KOM burnt for every profile visit, that’s a total of 296,000 KOM burnt!
We’ve also received 514k tweet impressions in October, with a multiplier of 1 KOM for every impression, leading to another 514,000 KOM burnt!
As depicted above, we received 20.5K mentions on our Twitter account (@Kommunitas1), leading to a burn of 20,500 KOM!
Our Top Follower of The Month goes to Legion Network! With a total of 207K Followers, we can burn another 207,000 KOM!
2. Medium
With an increase of 64 followers on our medium page and 200 KOM burnt for every new subscriber, that leads to 12,800 KOM burnt.
Following up, our Views, Reads, and Fans on Medium totaled up to 13,255. With our promised burn of 50 KOM per count, that easily adds another 662,750 KOM to our total burn count!
3. Telegram
Next up, will be our telegram. We’ve welcomed an additional 6,558 members to our KOMmunity in the past month and amassed a total of 4,458 messages sent during the month of October. After multiplying that by a burn of 50 KOM for every new member and 10 KOM per message sent, that works out to 372,080 KOM burnt!
A total of 5 AMAs were also held over on our main telegram! With 20,000 KOM being burnt for each AMA we hold, that’s another 100,000 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 513 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 5,130 KOM burnt. You may also join our Private Partners group to get guaranteed allocation for Seed / Private sales and be eligible for Revenue Sharing 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 300,000 KOM burnt.
5. New Unique participants in our launchpad
Following the addition of our new unique participants section, we have committed to burning 1000 KOM for every new and unique participant in our launchpad for each month. This month, there were a total of 94 new unique participants in our Launchpad, hence we are able to burn 94,000 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 999,261,432 KOM tokens this month! That’s Approximately $999,261 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 be 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 $185,914. That’s a slight decrease from last month’s $216,184, possible due to the market downturn and FTX debacle.
About Kommunitas
Kommunitas is a decentralized crowdfunding ecosystem for web3.0 projects. Some might refer to it as a “launchpad” or “IDO Platform” but Kommunitas is aiming to build not only a platform, but more of an ecosystem.
Kommunitas not only provides fundraising for any type web3.0 projects from various blockchains (Ethereum, BSC, Polygon, Solana, Avax, Fantom, etc), but also other forms of support, such as Marketing, Community Management, KOL, VC Connections, SEO and even project development needs such as vesting portal and staking platform.
Since its inception, Kommunitas has introduced and pioneered of many interesting concepts in the web3.0 industry. Some of them are Initial KOMmunity Offering / IKO (tierless, no barrier and decentralized IDO) and Social Engagement Burning (a way of rewarding the community by reducing the circulation supply of the token based on engagement metrics across social media)
Not only investors will get capital gains from their investment of Public sale tokens, they are also presented with the opportunity to earn passive Revenue Sharing in Stable Coins as well as in KOM tokens by holding and staking KOM tokens. (Read more about Revenue Sharing here: https://docs.kommunitas.net/staking/quarterly-revenue-sharing)
