Partnered With:

What you need to know about the inter-chain exchange agreement KIRA Network Dutch auction

Read this article in 5 Minutes

Understand KIRA's complicated Dutch shooting in one article.

The inter-chain exchange agreement KIRA Network will conduct a public liquidity auction at 3:00 pm UTC on November 25th (11:00 pm Beijing time on the same day), and the auction will end after 24 hours or when the hard cap is reached.

ERC20 token KEX will be sold within 24 hours after the auction ends Automatically distributed to participants. The trading of tokens will be conducted through a dedicated Uniswap pool at 3:00 pm UTC on November 27th (11:00 pm Beijing time on the same day), and the opening price will be set as the final price of the liquidity auction. The auction only accepts Ethereum, and the Ethereum price is based on CoinGecko data 24 hours before the auction.

Interpretation of Auction Rules

KIRA will be auctioned in a way that gradually decreases the token price over time (the auction will start with a valuation of $3.00 per KEX and then drop to $1.00 per KEX within the first hour. In the remaining 23 Hours, the price will decrease at a slower rate until the minimum price reaches the soft cap of $0.075 per KEX and $300,000.), because the number of tokens is fixed, the corresponding hard cap is also gradually reduced. When the hard cap is triggered at a certain time, the auction ends, and the final closing price is: the value of all raised Ethereum divided by the total amount of KEX (4 million KEX). Users who participate in the auction at a price higher than this time will also receive KEX tokens in proportion to the closing price.

Token Distribution

< p>

Seed round:

Total value 300,000 USD, KEX price 0.025 USD

3 months after the launch of the mainnet, it will be unlocked and released linearly in 18 months

Private round:

< /p>

The total value is 3.3 million US dollars, KEX price is 0.05 US dollars

1 after the mainnet launch Monthly unlock, 18-month linear release

Public offering round:< /p>

The total value is 400,000 US dollars, and the KEX price is 0.075 US dollars (the lowest price)

All are ERC20 tokens, no lock-up

Token allocation purpose:

Developer and Team: 15%

Consultant 7%

Foundation 20%

Reserves and Liquidity 26.6%

The total number of tokens in the market after the public sale is 12,483,333, and the valuation is 936,250 US dollars (calculated based on the minimum price of 0.075 US dollars). After the mainnet goes live, 4 million reserve tokens and 1 million community tokens will be unlocked from the contract every month to support incentives and liquidity.