Genopets Game Whitepaper
  • Overview
    • Introduction
    • Rewarding an Active Lifestyle
    • Why Web3 in Games?
    • GameFi Sustainability
    • Marketplace Economy
    • Roadmap
      • PHASE 1 - PRIVATE BETA (COMPLETE)
      • PHASE 2 - WHITELIST PUBLIC BETA (IN PROGRESS)
      • PHASE 3 - FUTURE LAUNCH (COMING 2023)
  • Gameplay Pillars
    • Move-to-Play
    • Nurture & Evolution
    • Habitat Terraforming & Rental
    • Harvesting KI & Crafting
    • Battle System
  • Game Mechanics
    • Developer's Note
    • Mechanics Changelog
    • Energy
      • The Framework
      • Calculating Steps to Energy Conversion
      • Why Implement Energy?
    • Stage-based Energy Multipliers
    • Daily Banking Rewards
    • Challenges
    • Banking Streaks
    • Mood & Nurture
      • Calculating Mood
      • Nutrition
      • Joy
      • Love
      • Nurture Actions
        • Feeding
        • Playing
        • Petting
      • Nurture Items
    • Leveling Up
    • Stats
    • Items
    • Step Battles
    • Player Created Economy
      • Virtual Economies in Context
      • Players as Economic Agents
    • Crafting
      • Terraformation (Habitats)
      • Refinement (Crystals)
      • Alchemy (Items)
        • How It Works
        • Cosmetics
        • Augments
        • Reroll
        • Expedite
    • Augment Upgrading & Recycling
      • Upgrading
      • Recycling
    • Habitat Management
      • General Parameters
      • Components
      • Primary & Sub-Habitats
      • Unrefined Crystal Spawning
      • Harvesting KI
      • Terraform Seeds
      • Maintenance & Decay
      • Upgrading Habitats
      • How to Acquire Habitats
      • Delegation (Alchemists & Harvesters)
      • Habitat Hibernation
  • Tokenomics
    • Dual Token System
    • GENE Tokenomics
    • GENE Staking
      • Inspirations
      • Motivations
      • Benefits
      • Design
        • sGENE In-Game
      • Definitions
      • Current Settings
      • Staking Program Audit
      • Airdrop Reward Weight
    • KI Token Launch
  • Game Elements
    • Glossary
    • Season 0 - Item Removal
    • Crafting Recipe Book
    • Holiday Gift Guide
    • Resources
      • Giveaways
        • Genopets Duck Game Giveaway
    • Genoverse Alphabet
    • Game Rules
    • Augment Style Guide
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On this page
  • Launch Tokenomics
  • Launch FAQ
  1. Tokenomics

KI Token Launch

PreviousAirdrop Reward WeightNextGlossary

Last updated 2 years ago

We are excited to finally announce details of the official launch of KI Token. Learn more about KI and its role in Genopets in our article on the . In determining the best approach to launching KI Token, our in-game utility token, the team has examined a variety of options. Launchpads favor speculators, while batch auctions result in over-inflated prices. As such, we decided on a method that would best enable price discovery and encourage utility to benefit the core Genopets community. We’re partnering with on a Dynamic Pricing Protocol that allows the community to participate in discovering the fair market price.

100% of the proceeds from the launch will be allocated towards bootstrapping initial liquidity for KI.

Launch Tokenomics

  • Tokens Available in Launch: 20,000,000 KI (⅓ of the initial KI Token supply)

  • KI Vested Airdrop to GENE Stakers: 20,000,000 KI (⅓ of the initial KI Token supply)

  • Protocol Designated Liquidity: 20,000,000 KI (⅓ of the initial KI Token supply)

  • Starting Price: 0.50 USDC

  • Starting Supply: 40,000,000 + (20,000,000 / 90) KI Token vested each day for 90 days from the airdrop to GENE stakers

Launch FAQ

  • What: KI Token will be sold in a dynamic pricing launch and airdropped to GENE stakers to bootstrap its liquidity ahead of public beta of Genopets.

  • When: June 20th, 2022 at 15:00 UTC through June 23th, 2022 at 15:00 UTC, or whenever it sells out, whichever comes first.

  • How: The sale is dynamically priced and powered by . Starting at $0.50, the price will gradually fall and then rise each time KI is purchased, creating a curve and allowing the community to decide the fair price.

  • Where: The link will be , but it will not be live until a few days before the launch.

  • Why: KI Token is the Genopets in-game utility token that is earned by Habitat NFT owners for taking steps. It can be used for crafting NFTs, minting Habitats, converting to energy to level up, and refining crystals.

  • Vested Airdrop: 20,000,000 KI will also be airdropped to GENE Stakers based on their staking over a period of 90 days starting at the end of the launch. A snapshot will be taken on June 18th, 2022 at 23:59 UTC to confirm eligibility.

Read more about the launch here:

Dual Token System
Strata
Strata
https://ki.genopets.me/
reward weight
https://medium.com/@genopets/announcing-upcoming-ki-token-launch-gene-staker-airdrop-1915edb6efa6