The KLX Token
The KLX is the utility token used to monetize DApps and PrivaChains on Kalima and to pay transaction fees.
The number of KLX tokens, the initial value of the ICO, as well as the market capitalization, are initialized according to the means required for the implementation of the ecosystem related to the growth hypotheses and priorities of the project.
The KLX will be first an ERC20 Token during the ICO and will become a KL20 when it will be bridged with the Kalima Main Chain.
The Private sale begins in May 2022 . The Private Sale platform is open.
You could easily buy KLX with your Metamask.
You will be able to stake your KLX !
Any holder of KLX that holds more than 250€ in KLX can stake KLX and earn associated rewards.
By staking your KLX on one of the validator pool, each one being associated with a candidate, you will participate in the election of validators for the Kalima main chain.
Rewards are equally distributed between validator pools, rewards within an individual validator pool will be proportionally distributed between stakers, or delegators, in regard to their stake.
Low Gas Fees
Each transaction carried out on the Kalima network will generate Gas Fees.
These fees remain very low within the Kalima ecosystem and have an essential role.
Provide compensation for network validators for the necessary resources required for validating transactions, as well as storage.
Reduce and prevent network spam by introducing a real cost for transactions.
The gas fee will be 0,00025 € per kb for each transaction.
How to become a KLX validator ?
Delegators are one type of participant in the staking subsystem of Kalima. They are responsible for delegating their stake to the validators who are the second type of participant. By appointing their stake, they can vote for the election of a validator of their choosing and share in the rewards that are paid out.
While the validators are active participants in the network that engage in the block production and finality mechanisms, delegators take a slightly more passive role. Being a nominator does not require running a node of your own or worrying about online uptime. However, a good delegator performs due diligence on the validators that they elect.
In 2023, after the token launch on February first, 6 Master Node pools and 30 Validator pools will be put at disposition for Kalima holders to delegate (or stake) their KLX tokens.
A Master Node can be delegated up to 6400 million KLX (4% of initial supply)
A Validation Node can be delegated up to 720 million KLX (0.45% of initial supply)
In each Master Node pool, an entity is elected to maintain the Master Node.
With a minimum of 2% of initial supply (or 3200 million KLX), one can obtain the majority in a Master Node pool.
What about the burn of KLX ?
A 1% burn provision will apply on each transaction fee occurring on Kalima Blockchain as to complete halving effects as well as maintaining inflation to a stable level. This means 1% of each transaction fee will be accumulated until it becomes necessary for a burn to occur.
Token : KLX (Erc-20) Kalima Coin
Total Supply : 480 000 000 000 KLX
Initial Supply : 160 000 000 000 KLX
First KLX will be allocated to the team and advisors, Marketing and Grants for developers of the Kalima Community and the liquidity Pool.
• 13% of initial KLX emissions are dedicated to Grants
• 60% of future transactions fees will be allocated to Grants
KLX will first be an ERC20 and will then be bridged to the native KLX token in 2024 when the Kalima Platform launches.
• Seed phase is completed with success : 1M€ of KLX.
• Private Sale starts now and will end at the end on January 2023 with an objective of 5M€.
• First Round of Public Sale will begin in February 2023 with an objective of 2M€.