Introducing Kenshi: A Blockchain Company and a BEP-20 Token
Today I’m excited to share my newest project with you! In the past few years, I’ve been dedicating my time to researching and developing distributed systems and related projects, and now Kenshi is my take on blockchain technology and decentralization! This article is dedicated to Kenshi and its various projects, but if you’re curious about my background and work on distributed systems, you can check my code on GitHub, read my articles on Medium, or visit my LinkedIn profile.
As the title suggests, Kenshi is a blockchain company and a BEP-20 token. BEP-20 is a token standard on the Binance Smart Chain that extends ERC-20, the most common Ethereum token standard. You can read more about it here if you’re interested.
Kenshi has two sides: the company and the token. Kenshi, as a tech company, focuses primarily on blockchain and decentralization. At Kenshi, we will launch multiple blockchain and crypto-related projects. We devised a roadmap with multiple milestones that spans the next few years, and we have already started working on the first few milestones of phase one. You can check them out here.
Kenshi is also an ERC1363 token that derives its value primarily from the Kenshi projects run by the company and not from the market hype. First, let me give you a quick overview of what we’ll be doing at the Kenshi company in the next few months. Let’s go through a summary of the projects we have planned on our roadmap:
The Kenshi Projects
Smart Contract Development
While not a core part of our business model, starting with custom smart contract development at the beginning of phase one is a good way of bringing value to fuel our next projects. This is the first project we will start after the launch of the Kenshi token while also working on our next milestones. At Kenshi, we believe in high-quality code and have very high coding standards. We properly document every contract, write unit tests for our code, and scan them for vulnerabilities. The Kenshi token is a good example of what a high-quality contract should look like. You can check it out here.
Smart Contract Auditing
As the second Kenshi project in phase one, we will audit third-party smart contracts. We take into account various elements of a smart contract, scan them for vulnerabilities, and several of our experts will analyze and review them line by line. If you want more info about that, you can check the project page of our documentation.
Liquidity Locking Platform
As our second project in phase two, we will release a liquidity locking platform, allowing our clients to lock their liquidity or any other token for a fixed amount of time. Liquidity locking is considered one of the critical steps in launching a new token, as it can help protect buyers from rug pulls.
In phase three, we will release an oracle platform. In short, oracles are services that let smart contracts interact with the outside world. We will first deploy a cryptographically-secure Random Number Generator (RNG) oracle, then release our weather API and REST API oracles. We have more oracles ready and already implemented, waiting to be released. However, we would like to keep them a secret for now to keep a competitive edge!
Opportunities in the crypto world are innumerable. We have many ideas we will implement as a part of Kenshi, some of which I’ve shared with you today! Stay tuned as we announce our new projects on our website and social media accounts. Let’s now move to the token side of Kenshi and learn more about it!
The Kenshi Token
The Kenshi token is a BEP-20 token on the Binance Smart Chain. We selected the Binance Smart Chain because of its lower gas fees and relative popularity, making our token affordable and accessible to our holders. Let’s check out together how the Kenshi ecosystem functions and how the token side connects to the tech side of the business:
Features and Tokenomics
There’s a minimum tax rate of 5% on each transaction, which breaks down as follows: 1% burned, 2% reflected, and 2% added to the treasury. Tokens held in the treasury will be used to provide grants to the builders using the Kenshi products and to grow the Kenshi EVM ecosystem.
In addition to this tax, and to protect our holders against pump and dump schemes, we have added a fine for those who buy the token and want to sell it early. This fine is then split 1:1 between reflections and treasury. You can check this page on our wiki to learn how this fine is calculated.
The initial token supply is 10T tokens with 18 decimal places. Kenshi is a reflection token, and the values we selected help us keep a better accuracy in reward distribution, as it increases the floating-point arithmetic precision.
We decided against an initial burn because we don’t see any point nor value in doing so. Burning 50 percent of the tokens at the start is just a marketing gimmick and is no different than just releasing the token with a lower total supply. Instead, we decided to gradually burn 50 percent of the supply, a small amount each time a transaction takes place. This is good because it improves the performance of our liquidity pool and helps stabilize the token's price. As Burnt tokens will never be traded again, there will be more BNB against Kenshi in the liquidity pool. That means the price of the Kenshi token won’t fall lower than a threshold based on how many tokens are burnt.
We want to reach more people instead of having the token exclusively owned by a few wallets because we want to provide a passive income to as many people as possible. To achieve this, we’ve set a limit on a wallet's maximum balance. This limit grows as our market cap grows, making Kenshi a whale-proof token. If you want to know more, visit our documentation website for a more detailed explanation of our tokenomics and features.
Launch and Distribution
In the first 24 hours, only whitelisted community members will be able to buy. We decided to do this so our community members don’t have to compete with sniper bots at launch time. Check out our Telegram group to learn more about whitelisting and how to get on the list!
There won’t be any team allocations or special treatment of addresses. However, our developers and team members are free to purchase at launch. I hope you find Kenshi an interesting project!
You can visit our website or wiki to learn more about the Kenshi Company and the Kenshi Token. Feel free to join our community and our IDO presale whitelist and ask us all your questions! We wish you happy trading with Kenshi!
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