Khuga Unveils $KOIN Tokenomics and Ecosystem Whitepaper

The tokenomics for the upcoming $KOIN token have been revealed, and so has the ecosystem whitepaper for the Khuga IP. Here’s everything we know about the token so far!

What Is the $KOIN Token?

The $KOIN token is an upcoming Base-powered token for the Khuga ecosystem (which you can find referred to as the Khugaverse). This token is designed to power the Khugaverse gaming ecosystem and to help expand the IP, while fueling gameplay features, trading, and more web3-related mechanics. It will be integrated across all products developed by Khuga Labs in order to keep the ecosystem interconnected while building a rewarding economic model for players, NFT holders, and partners as well.

According to the first version of the ecosystem whitepaper, published shortly after tokenomics were revealed, other utility you can expect from this token include governance, staking, and incentive distribution, which means that some percentage of ecosystem revenue will go back to the community in the form of the $KOIN token. Players will use the cryptocurrency for in-game purchases, as well as to make marketplace transactions and unlock access to ecosystem services.

What Does the Khuga $KOIN Tokenomics Reveal?

According to the current tokenomics, $KOIN is set to have a total supply of 1 billion, distributed across the following categories, from highest to lowest allocation: Khugaverse Ecosystem (37% of total supply), Presale + Public (30%), Khugaverse NFT Holders (10%), Team (7%), Treasury (6%), Liquidity Pools (5%), Marketing (2.5%), and Community Partners (2.5%).

Here are more details on each category, officially published in the whitepaper:

• Presale + Public: 30% of total supply, 100% unlock at TGE
• Khuga NFT Holders: 10% of total supply, 50% unlock at TGE, 6 months cliff, 1 year vesting
• Khugaverse Ecosystem: 37% of total supply, 4% unlock at TGE, 3 months cliff, 1 year vesting
• Liquidity Pools: 5% of total supply, 100% unlock at TGE
• Treasury: 6% of total supply, 0% unlock at TGE, 1 year cliff, 2 years vesting
• Community Partners: 2.5% of total supply, 33.33% unlock at TGE, 6 months cliff, 1 year vesting
• Marketing: 2.5% of total supply, 0% unlock at TGE, 1 year cliff, 2 years vesting
• Team: 7% of total supply, 0% unlock at TGE, 1 year cliff, 2 years vesting

If you’re interested in getting access to the presale or public sale, it seems like there is still a chance to do so ahead of TGE. Throughout official X posts, you can see the team encouraging the community to interact and retweet for a chance at securing one of the limited spots available. It’s not stated how many spots there are, and no specific timeframes are given.

The $KOIN roadmap does not include any timeframes either, but instead features a 3-phase rollout plan.

The first phase is all about token deployment and staking, so once $KOIN launches on Base, NFT holders can look forward to seeing NFT staking rewards, while token holders can expect to see an initial staking mechanism introduced. We then move onto the second phase, where the goal will be to introduce cross-game asset utility, launch in-game rewards in Khuga Rumble Arena and Khuga Bash!, but also to add in the $KOIN token as the main currency of Miawwhalla, which is the IP’s core platform, a gamified hub that connects the entire Khugaverse ecosystem. For the third and final phase, the developers will look to expand incentive distribution mechanisms, introduce DAO governance to enable ecosystem decisions, expand IP development into media and merchandising, and foster partnerships with various blockchain projects and gaming guilds.

The TGE date for $KOIN is unknown at the time of writing.

Check out the official ecosystem whitepaper to learn more about $KOIN and the Khugaverse. Next to the token, the whitepaper also covers info on Miawwhalla, Khuga Bash!, Khuga Rumble Arena, and the Khuga NFT collection.

A beta test for Khuga Bash! launched last month.