wKFX
Tokenomics of wKFX
Last updated
Tokenomics of wKFX
Last updated
In 2022 we have created a 'wrapped' KFX token on the Binance Smart Chain. The main reason for creating this token in addition to our KFX coin, is because the coin has a very limited supply. It would not be suitable as a utility token across multiple products. We decided to create a bep20 token with a maximum supply of 150.000.000 (150 million tokens). Being a bep20 token on the Binance Smart Chain, it is fully compatible with most token wallets (ie. MetaMask, Trustwallet, Nabox, etc).
By using smartcontracts, a total of 83.500.000 tokens have been locked in five vesting contracts. For a period of five years, tokens will be automatically unlocked and made available for the team. Starting on January 1 2024 and ending on January 1 2028 a total of 16.700.000 tokens will be unlocked.
On BSC Scan you can find all the contract details and an overview of all the transactions and tokenholders: The wallets that contain the locked tokens, are named Vesting Contract 1, 2, 3, 4, 5.
the wKFX contract has been officially audited by the renowned blockchain auditor . A copy of the audit certificate can be downloaded .