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 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.
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.
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€.