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.
Staking is the process of locking KLX tokens on the chain as a mean of securing the entire Kalima network. For doing so, stakers will earn rewards.
The Kalima Blockchain is a Delegated Proof-Of-Stake (DPoS) blockchain. KLX tokens can be self-delegated directly by a validator or a Validation Pool or delegated to a Validation Pool by KLX holders (delegators).
Delegators are KLX holders who cannot, or do not want to, run a validator themselves. KLX holders can delegate KLX to a validation or master pool and obtain a part of their revenue in exchange. Stakers will be able to delegate their stake only to validation and maser pools.
A minimum of 100$ worth of KLX is necessary for staking within a given validation pool. Note that a small transaction fee of (~0.00025$) will have to be paid to execute the staking smart-contract.
Low Gas Fees
Each transaction carried out on the Kalima network will generate Gas Fees.
Gas 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.
Validators in Kalima Blockchain
Following the Kalima consensus, each validator must validate all blocks and they all must be validated in respect with their time of arrival. The same reward is given to all validators for all block validations. Validators are in charge of producing correct validation hash in time.
In return for their validation work, they receive rewards:
1 KLX is emitted every block for each master nodes
0,1 KLX is emitted every block for each validation node
Validators operate their nodes on "Validation Pools" on Kalima Blockchain. Validation pools operates several Master Nodes and Validation nodes on the Validation pools operates several Validation nodes and several Master nodes on the network.
Their role is to run Master Nodes and Validation nodes for the Kalima Mainchain channels and also for the PrivaChains that want to delegate the operation of their validation nodes.
Learn more about Validations Pools
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
The Kalima token, named KLX, is the backbone of the network. The KLX is the currency used to monetize Dapps built on the Kalima network and to pay transaction fees. The KLX will first be an ERC20 Token and willlater become a native KL20 token once bridged with the Kalima MainChain.