Beta Access for Early Adopters: Phase I

We successfully concluded our Early Adopter Program ahead of schedule on July 8, 2023, with 2.5M early adopter tokens (yKNJ), minted by 25K wallets. Additionally, we grew the people on our email waitlist from 25K to 31K in this period. We are excited to have our early adopters onboard and thank them for participating.

We have several benefits for our early adopters.

What’s next?

We are excited to announce our upcoming platform launch for early adopters. As a part of this initiative, we are introducing a whitelisting campaign that offers exclusive benefits to the holders of yKNJ tokens and will start on July 24, 2023, at 07:30 AM UTC. By whitelisting your address, you will be eligible for principal cover, KNJ token rewards, early access, and additional benefits.

We have divided our beta access for yKNJ holders into multiple stages:

Phase I: Whitelisting and beta access to 500 users

For early access, we will only be whitelisting 500 wallets. This is entirely on the basis of the first come, first serve principle. In Phase I, the whitelisted wallet will be eligible for 110 KNJ as the reward, along with principal coverage of $50 upon investing $50 in Kunji Finance strategies. The remaining 24.5K wallets can participate to claim their early adopter rewards in the upcoming phases of the beta access.

The whitelisting portal will open on July 24, 2023, at 07:30 AM UTC. Please check the details below to participate in the whitelisting campaign.

Benefits of Whitelisting Campaign

By whitelisting your address, you will be entitled to the following benefits:

• $50 Principal coverage: Invest $50 in Kunji Finance strategies to receive $50 principal cover. This means that in the event of any investment losses, you will be protected up to $50. This is only applicable if the user holds the investment of $50 for 12 months.
• 110 KNJ Token: A whitelisted user will get 110 KNJ tokens. 100 tokens will be unlocked in 12 months. Upon completion of 12 months, the user will receive ten extra tokens as the bonus amount.
• Early access to the platform: You will be the first among early adopters to access the platform.

How will this work?

Follow these simple steps to participate in the whitelisting process.

1. Visit our website: https://beta.kunji.finance/ on July 24, 2023. The whitelisting portal will open at 07:30 AM UTC.
2. Click on the form link and submit the form. Please ensure that you are using the same address that was used to mint yKNJ tokens.

Note: First 500 wallets will be whitelisted for early access and become eligible for the benefits stated above. If the user fails to participate in the beta access within 15 days of the launch after applying for the same, they will lose all the early adopter benefits.

After whitelisting, 500 wallets will be eligible for early access to the platform. The user will have to invest $50, which will be eligible for a principal coverage of $50 if the user holds the investment for a minimum of 12 months.

Token Distribution

A total of 110 KNJ tokens will be allocated to each wallet that participates in the beta access whitelisting process and invest $50. After the investment, the unlocking of the tokens will start. The 100% tokens will be unlocked within a year from the investment date.

Here are the highlights of the program:

• A $50 investment is mandatory to participate in the program.
• A principal coverage of $50 will be provided to each 500 wallets participating in the program.
• If the user exits the strategies before one year of investment, they will also lose extra benefits like principal coverage under this program along with the bonus tokens.
• Upon completion of 12 months, an additional 10 KNJ bonus tokens will be allocated to the wallet, making a total of 110 KNJ tokens.

Terms and Conditions:

Please note the following terms and conditions associated with the token distribution:

• The user must hold 100 yKNJ in order to get whitelisted.
• A deposit of $50 is mandatory to be eligible for participating in Phase I of the beta access.
• Withdrawing your initial deposit within one year will result in losing $50 principal coverage.
• The distribution of 110 KNJ tokens will occur over a period of 12 months.
• We will only be whitelisting 500 wallets for our beta access. This is entirely on the basis of the first come, first serve principle. The remaining 24.5K wallets can participate in claiming their early adopter rewards in upcoming phases. The rewards and benefits for other phases will vary, and firstcomers will be given priority.
• If the user fails to participate in Phase I early access after applying for the same, they will lose all the early adopter benefits.
• Only early adopter rewards are included above. Allocation of tokens earned via referral campaign during the early adopter program will be announced after the public product launch.
• Our interpretation of any terms and conditions will be final and binding. We strive to ensure fairness and accuracy in all our dealings, but in the event of any dispute or disagreement, our interpretation will be the deciding factor. We encourage all users to review and understand the terms and conditions before engaging with our platform.
• Participants who violate the mentioned conditions or engage in fraudulent activity will be disqualified from the Early Adopter Program and any associated rewards.
• Participants must not engage in any activities that may harm the Kunji Finance platform or its community, including but not limited to spamming, hacking, or phishing.
• Kunji Finance may use participant data collected during the Early Adopter Program for marketing and promotional purposes, subject to its privacy policy.
• The utilization of technology related to blockchain, smart contracts, and cryptocurrencies, among others, involves certain inherent risks that you are assuming by accessing the website.
• You agree that you are not a resident, national, or agent of any country to which the United States, the United Kingdom, or the European Union embargoes goods or imposes similar sanctions.
• By accessing the website, you agree that you are not a resident of the United States or any other restricted jurisdiction and are legally allowed to use the platforms constituting the structure that Kunji Finance follows.

Note: The terms and conditions mentioned above are subject to change.

FAQs

Who is eligible for whitelisting?
Anyone who is part of the Early Adopter Program and holds yKNJ tokens can participate in the whitelisting campaign of Phase I beta access.

What benefits do whitelisted users receive?
Whitelisted users gain early access to Kunji Finance strategies, receive $50 principal coverage, and are rewarded with 110 KNJ tokens.

When does the whitelisting process end?
The whitelisting process will close on July 30, 2023, 7:30 AM UTC. It might end early if we reach 500 entries before the end date. If the whitelisted user fails to participate in the early beta access within 15 days of the launch, they will lose all the early adopter benefits.

What is principal coverage?
It provides coverage for investment losses up to a maximum of $50. One needs to hold the investment for 12 months to become eligible for this coverage.

How much do whitelisted users need to invest to qualify for the benefits?
To be eligible for the principal coverage and 110 KNJ tokens, whitelisted users must invest an amount of $50. This amount is fixed. If the user wants to invest more, they can do after the platform is available to the public.

What if whitelisted users do not invest $50?
If the whitelisted user fails to participate in the Phase I beta access within 15 days of the launch, they will lose all the early adopter benefits.

Will early adopters still receive rewards if they are not whitelisted?
Yes, early adopters will receive their rewards regardless of whether they are whitelisted. Only 500 wallets will be whitelisted for Phase I with a reward of 110 KNJ and principal coverage. The remaining 24.5K wallets will be rewarded in the upcoming phases of the beta access. Tokens earned via referral campaign during the early adopter program will be distributed after the platform is live for the public.

How long must I invest to receive $50 drawdown protection?
To qualify for $50 drawdown protection, you must maintain your investment for at least 12 months. A bonus of 10 KNJ will be provided to Phase I beta users if they maintain their investment for 12 months.

What happens if I withdraw my $50 within a year?
Withdrawing your investment within 12 months will make you ineligible for principal coverage, although you will still be entitled to receive the token rewards unlocked till the date.

Will I still be eligible to claim KNJ against yKNJ if I am not whitelisted?
Yes, if you are not whitelisted, you can still claim 50 KNJ tokens in the upcoming phases of the program. However, you will not have early access, principal coverage, and the reward of 110 KNJ tokens.

Privacy
Participants’ personal information, such as Twitter account details and wallet address, will be kept confidential and not shared with any third party except as required by law.

The whitelisting campaign will be live on July 24, 2023. Enjoy multiple benefits by accessing the platform early and protect your investment with our $50 principal coverage. Please remember that whitelisting of wallets is solely on the basis of the first come, first serve principle. Stay tuned, and get ready to get whitelisted today.

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