![]() This means that the traders, who understand all the features of the token economy, will have the opportunity to buy new KICK tokens a hundred times cheaper and increase their total share for further staking opportunities. What will happen if the price is not going to increase proportionally after the swap? This will make the token more attractive for holders, while selling will not be tempting, thus positively affecting the demand for the KICK v8 token. Staking features will be implemented in the new smart contract.Such an approach allows increasing the reputation and trust of the KICK token among holders while attracting new users and expanding the community.In other words, if you previously had 10,000 tokens equal to the amount of $10, you will receive 100 tokens equal to the amount of $10 This will not affect the value of the assets in dollar terms. After the denomination, the value of the token will be $0.3. Here is an example: Let us imagine that the price of the KICK token is $0.003. In addition, we are going to perform a denomination during the swap, thus removing two zeros from the circulation amount.This is the only way we can add staking features and distribution of tokens to holders and burning.In addition, exchanges can be sure that the holdings of their users won’t be diluted via the sudden emission of new tokens, consequently making the KICK v8 token more attractive for listing.In addition, such an approach allows limiting the overall number of tokens, thus making the token more attractive and safer for large holders This is the only way to destroy the current emission method from the token.Why does the Kick Ecosystem perform the swap of the KICK token: On this date, we will completely replace the current version of the smart contract with a new one. The swap between the KICK and KICK v8 tokens will take place on July 1, 2021. This procedure will affect both company’s and user’s tokens and will occur according to the rules listed below. This will entail changes in the total amount of tokens, their nature, the method of issue, circulation, and much more. What is a token swap, and why is it important?įirst of all, the token swap replaces an existing token smart contract with a new one. It is also worth noting that users do not have to perform any actions during token burning since it will only affect the company’s tokens. It turns out that Holder A owns 20% of the entire amount, while the value of their assets increases! As a result, the total amount of tokens is now 1,000. Now, let us imagine that the company burns all of its 9,000 tokens. Thus, the holder owns 2% of the total token amount. Holder A has 200 tokens, while the company owns 9,000 tokens. Let us imagine that we have a total number of 10,000 tokens. Company tokens that were received in the form of trading fees from our users. ![]() Test KICK tokens, which were created earlier for various experiments.Such an approach will significantly reduce the number of tokens in circulation, increasing their value among holders and the percentage of tokens in possession of users relative to the total number of available tokens.ĭuring token burning, the following will be destroyed: We are going to burn 85% of all issued KICK tokens without the possibility of their recovery. Token burning will take place on June 15, 2021.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |