Updated KTY and DAO tokens community distribution pools

Published in

SuperDAO

5 min readMay 25, 2020

We have pivoted KittieFIGHT by integrating permissionless lending markets via smart contracts, bringing an exciting passive income opportunity to Lenders. KittieFIGHT is a DeFI Lending backed, FOMO Mortal Kombat CryptoKitties MMO game, You can read more about it here. Because of the overhaul we had to rethink our incentives and update our token distribution models to cater to our community who will soon have the privilege of governing the economic and mechanical parameters driving the KittieFIGHT DeFI lending system. Also we will be utilizing the Aragon suite of apps, with the Aragon court and Aragon agreements capabilities to bring in the long time vision of an efficient and gamified DAO.

KTY Token Distribution

The kittieFIGHT token (KTY) is a gamified utility token powering the kittieFIGHT internal economy, utilizing limited supply with suppressed emissions and incentivized crowd participation for various fees paid in Kittiefight scheduled matches. The growing demand for use of KittieFIGHT tokens (KTY) in games, drives up the value of KTY token which are additional rewards to players in each game aside from the Ether rewards.

What are the required fees paid in KTY tokens?

There is the LISTING_FEE which is ~ 1% of Jackpot allotted to each game. The listing fee is a spam protection mechanism and financial commitment guaranteeing that players would show up to games that are scheduled and would do the necessary work to garner supporters before actual game day. If enough supporters are not garnered before the game is canceled and listing fees are considered lost to the system.
There is the TICKET_FEE which is ~0.03% of Jackpot allotted to each game. Ticket fees are paid by all supporters of a fighter in fight match as the minimum financial commitment to showing up to scheduled fight on game day.
There is the Bet which is composed of :
The BETTING_FEE in. KTY which is ~ 0.002% of Jackpot allotted to each game. Betting fees are fees like gas on the Ethereum Blockchain, it allows players to bet.
There is an actual amount of ETHER bet during a “bet” which factors in how hard your champion hits the opponent and also gives a supporter a higher chance of claiming a larger share of the game jackpot.
There is the KITTIE_REDEMPTION_FEE which is Burned and ~ equal to the amount of ETH, in KTY tokens that the winner of the game claims. The redemption fee allows a losing player to gain back an NFT Cat before its lost in kittiehell forever.

Note :

With the new V2 Uniswap release and deep integration into KittieFIGHT gaming process, players need not hold KTY directly, since KTY tokens are bought and transferred automatically in the background using the Uniswap Automated market maker mechanism.

DAO Governance

The KittieFIGHT DAO : SuperDAO is a crypto-native organization using Aragon Agreements and Aragon court to constitute a 2 tier highly efficient gamified DAO to bring in the long time vision of an efficient and gamified DAO into fruition. The SuperDAO kittieFIGHT DAO is efficient because engaged actors or management execute actions on behalf of the DAO more frequently, and gamified because SuperDAO organization stakeholders make less frequent, but more critical decisions by focusing on setting the direction and rules. Because the voting process provides staking reward incentives ( kittiefight yields and other dapp ) for participation and punitive dis-incentives for apathy, there is a much lower probability of low voter turnout or voting apathy.

DAO Token Distribution

Only about 15% of a total of 100 million DAO tokens are to be distributed to participators of various categories based on various activity levels. 85% of the DAO tokens are reserved for future distributions during subsequent dapp launches. The DAO tokens are useful for various activities mentioned below:

1. As staking mechanism for access to multiple dapp Ether revenue pools
2. Governance voting tool for DAO organization steering
3. Utility tokens used within subsequent dapps to be deployed

With the deployment of the kittieFIGHT dapp unto the Ethereum mainnet, only about 15% of the total 100 million DAO Tokens will have access to 5% of the KittieFIGHT Ether revenue pool.

As more dapps with revenue pools are available and as more DAO tokens are locked up via the staking reward mechanism, there will be a progressive growth in demand for the DAO Tokens and subsequent increase in SuperDAO DAO Token valuation. Participators of various categories can get involved in private distributions or through direct effort contribution to various community activities to earn SuperDAO DAO tokens and to take advantage of future growth in value.

85% or 85 million= > Reserved, future Dapp based distributions
7% or 7 million => Ethie “Gen 0” locktime pool
3% or 3 million => TBD Private sale
1% or 1 million => Marketing partners
1% or 1 million => Pre-existing DAO holder bonus
3% or 3 million => Governance community DAO seeders

Distribution dates :

“Gen 0" lenders : These are initial lenders to our KittieFIGHT gaming system, They are reward with kittieFIGHT tokens and DAO tokens as long as their tokens remains locked for the duration of the “Locktime” associated with each token representing the amount of funds they lock.

Private distribution : DAO tokens are distributed immediately upon launch to entities who acquire SuperDAO DAO tokens privately through sales or other mechanisms
Pre-existing DAO holder bonus :DAO tokens are distributed immediately upon launch to entities who had acquired SuperDAO DAO tokens privately through sales or other mechanisms previously
Marketing partners :DAO tokens are distributed once the kittieFIGHT lending systems moves to gen 1 (generation 1 or second generation )
Governance community DAO seeders :once the kittieFIGHT lending systems moves to gen 1 (generation 1 or second generation )

Aside from “gen 0” lenders, private distributions, or pre-existing DAO token holders, to get exact dates on distribution of DAO tokens please follow our blog updates and discussion channel on Discord here : discord today!

Join us

The Ethereum mainet KittieFIGHT and DAO deployment plans are scheduled for early June 2020 with stringent restrictions and ultra low limits on amounts allowed within the KittieFIGHT system. KittieFIGHT ; the first viable dapp which will will directly provide staking yields back to the DAO is now open-sourced and more documentation around the system will be provided. We are excited to be able to provide a way to earn passive weekly income with our innovative games even in these unpredictable economic times. Expect more frequent developments and update. Join our discord today!