Genopets drops more details on its upcoming $KI token launch: Here's the scoop

Move-to-earn NFT game Genopets is set to launch its $KI token on the 20th of June. Let's go through the details then!

Jun 12, 2022
by Akira Ming
Genopets drops more details on its upcoming $KI token launch: Here's the scoop
News

What do we know about Genopets' $KI token launch? 

Move-to-earn NFT RPG Genopets is set to launch its in-game utility token $KI. According to the team, $KI tokens will be sold in a dynamic pricing launch and some of them will be airdropped to $GENE stakers. Given that, the token sale will run from June 20th at 15:00 UTC until June 23rd at 15:00 UTC. Notably speaking, the token launch will be the last step to go before the release of Genopets' public beta. 

Similar to the last Water Crystal NFT drop, Genopets is teaming up with Strata Protocol for the dynamic price sale of $KI tokens. Starting at $0.50, the token price will rise or fall depending on the demand during the sale. The more people buy $KI, the higher the token price will be, and vice versa. 

$KI tokenomics

As an in-game utility token, $KI tokens do not have a fixed supply. But for the token sale itself, the initial supply will start at 60 million $KI tokens. Out of these, the team has set aside 20 million tokens (1/3 of the initial supply) for sale.

Next, the other 1/3 of the initial supply will go to DEX pool liquidity. According to the team, the total amount of $KI sold during the sale will be equal to the number of tokens allocated for DEX pool liquidity. For instance, if all 20 million $KI tokens were sold out, then another 20 million $KI tokens will go to the DEX pool as liquidity. In total, 40 million $KI tokens will be in circulation. 

At the end of the launch, the remaining 1/3 of the initial $KI supply will be airdropped to $GENE stakers on a daily basis. This will take place through a 90-day vesting period. 

What can we use $KI tokens for? 

Players can use $KI tokens to craft NFTs, mint Habitats, refine crystals and convert to energy to level up their Genopets. In order to earn $KI, you can either buy a Habitat or stake $GENE to collect $KI on a daily basis. To learn more about Genopets, make sure you visit its official website and follow its socials for the latest news. 

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
We have sent you an email, please confirm!


News Filter
Play Games Now
Galaxy Fight Club
Galaxy Fight Club
illuvium
illuvium
Gods Unchained
Gods Unchained