Khuga Labs has unveiled the first version of its ecosystem whitepaper, detailing the tokenomics and utility of the upcoming $KOIN token.
Khuga Labs has unveiled the first version of its ecosystem whitepaper, detailing the tokenomics and utility of the upcoming $KOIN token. This token, built on the Base platform, aims to enhance the Khugaverse, a gaming ecosystem that includes multiple products developed by Khuga Labs.
The $KOIN token will have a total supply of 1 billion tokens, allocated across several categories: 37% for the Khugaverse Ecosystem, 30% for presale and public sales, 10% for Khugaverse NFT holders, 7% for the team, 6% for the treasury, 5% for liquidity pools, and 5% for marketing and community partners.
Notably, 100% of the presale tokens will be unlocked at the Token Generation Event (TGE), while NFT holders will see 50% of their allocation unlocked at TGE with a six-month cliff.
In addition to serving as the main currency for in-game purchases and marketplace transactions, $KOIN will facilitate governance, staking, and revenue-sharing mechanisms, returning a portion of ecosystem revenue to the community. The roadmap for $KOIN is structured in three phases. The initial phase will focus on token deployment and staking rewards for NFT holders.
The second phase aims to enhance cross-game asset utility, introduce in-game rewards, and integrate $KOIN as the primary currency for Miawwhalla, the core platform of the Khugaverse. The final phase will expand incentive distribution, implement DAO governance, and foster partnerships with blockchain projects and gaming guilds.
As of now, the TGE date for $KOIN remains undisclosed. The whitepaper also provides insights into other aspects of the Khugaverse, including Miawwhalla, Khuga Bash!, and Khuga Rumble Arena.
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