Image de Jeremy Bezanger

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 and the ICO is planned for Q3 2022. The Private Sale platform is open. 



 

You could easily buy KLX with your Metamask. 

metamask-fox-wordmark-horizontal.png.webp
Image de Marga Santoso

KLX Staking

You will be able to stake your KLX !

Any holder of KLX that holds more than 100 000 KLX, (250€ of initial value) can stake KLX and earn associated rewards.

By staking your KLX on one of the staking pool, each one being associated with a candidate, you will participate in the election of validators for the Kalima main chain. 
 

Holders  will be able to stake their KLX on a dedicated Kalima platform that is currently under development.

Low Transaction Fees

Each transaction carried out on the Kalima network will generate transaction 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.

Transaction costs will stand at 1 KLX per transaction at the KLX launch for transactions in the main chain and 0.1 KLX per transactions on Privachains.

Bourse Graphique

Transaction Fees

Image de fabio

KLX Validators

How to become a KLX validator ?

Every holder possessing over 0,2% of KLX in circulation can create their own staking pool so as to candidate to become a validator.

A « validator » is a candidate who has accumulated at least 1% of circulating KLX tokens in their staking pool. There will be a minimum of 50 validators.

Every candidate wanting to become a validator can stake their own KLX. 

Each validated transaction within the Kalima main chain emits 10 KLX. These KLX are then distributed to validators, including master nodes. Each validator receives rewards based on the proportion of their stake within any given staking pool.

Each validator is able to determine their own distribution ratio. This ratio determines the portion of the reward distributed to the stakers having voted for (or staked to) the given validator.

The rewards will be distributed in a weekly fashion.

What about the burn of KLX ?

There are two burn mechanism in Kalima ecosystem, one for transactions on the main chain and one for transactions on Privachains.

These burn mechanisms complete the halving effect and contribute to control inflation. 

  • A 10% burn will apply on each transaction fee occuring on the Kalima main chain.

  • A 1% burn will apply on each transaction fee occuring on the Kalima Privachains.

Image de NASA

KLX Burn

Tokenomic Graph-min.png


Allocation of the first 160.000.000.000 KLX

The rest of the supply, 320 billion, will be produced during
KLX lifetime by validators.

 

Kalima Token.png

Up to

Token Information

Token : KLX (Erc-20) Kalima Coin

Total Supply : 480 000 000 000

Vesting from Listing

Team Vesting : 24 months / 12 months of Cliff 

Developers Vesting : 24 months / 12 months of Cliff

Advisors Vesting : 18 months / 6 months of Cliff

Foundation Vesting : 12 months

Private Vesting : 12 months

ICO Details

 

ICO Price : 0,00025€

ICO Vesting : No Vesting

ICO Hard Cap : 20 millions €

Start : Q3 2022

The Private Sale platform is open.