Economic Model

Contract address

KNOW

XRC20 : io129f58mgykp2dpx9qc9wt6luckqjs6zechen8uv
ERC20(Web3) : 0x515343ed04b054d098a0c15cbd7f98b0250d0b38

KNOWI:

XRC20 : io126cxv7t3jkz4k6rsnaj0n83d5pq6jcaa29hkaw
ERC20(Web3) : 0x56B066797195855b68709f64F99e2dA041A963bD

GKTE

XRC721 : io17y56wkr9pg6qjk9wca90ct5drefpsq5sz5dj7p
ERC721(web3) : 0xf129a758650a340958aec74afc2e8d1e52180290

Overview

The economic model must be able to solve the ecological business closed loop of each participant
There is revenue, there is expenditure, while providing value to users.

Service value

The value of learning and growth---the question maker grows through sharing (teaching and learning), and the learner increases cognition through learning
Dividends and governance rights are cut out through dual-token design.
A good economic model can address liquidity provision and the rationality of income distribution Of course, a good economic model is more inseparable from a good deflation mechanism and token lock-up mechanism to maintain a stable rising currency price We design the economic model based on the above

Token basic situation

Dual Token Design

Main token: KNOW

Output scene:

Learn by answering questions
The mining output of KNOW follows the following logics:
1. Only those with valid student status can learn to mine;
2. The output of KNOW is dynamically adjusted in real time according to the price change of KNOW. The lower the price, the greater the output, and the higher the price, the less output. At present, the annualized rate of return is set to 1200%. Based on this rate of return, the system will give different real-time mining output according to the real-time price of KNOW.

scenes to be used:

Consume KNOW to sign up for the daily PK competition;
Add KNOW/IOTX liquidity and stake to mine KNOWI
More games and malls will be launched one after another, adding more usage scenarios of KNOW

Dividend and governance token: KNOWI

Output scenario---Provide and stake KNOW/IOTX liquidity mining
Scenarios --- stake KNOWI to participate in project dividend income, DAO governance

Total supply

Main token(KNOW): 1,000,000,000,000,000
Dividend and governance token(KNOWI): 10,000,000

Token lock-up mechanism

Stake and lock KNOW/IOTX liquidity, output dividend and governance token KNOWI
Stake and lock KNOWI, participate in project dividend income

Dividends and DAO Governance

Source of income (iotx)
20% of Genesis NFT income goes into the dividends pool
100% of student status income goes into the dividends pool
100% of the learning kit income goes into the dividends pool

Distribution ratio of dividend pool (iotx)

Community 60%
Genesis nft holders 5%
Questioner 20%
Governance token KNOWI stakers 30%
The top 75 winners of the daily pk contest 5%
Node 5%
Review node
Buyback 5%
Used to buy back KNOW and burn
Project side 30%
team operation/project development/marketing/liquidity

DAO governance

Users who hold KNOWI participate in the governance, and the details need to be improved.

Distribution of KNOW Tokens

Team, 15%, 1% released every month, released in 15 months
Airdrop, 1%
Operation management, 5%
User learning mining output 79%​

Deflationary mechanism

Daily pk contest, the registered KNOW will be destroyed
Answering the question incorrectly will consume KNOW and be destroyed.
Take out 5% of Iotx from the dividend pool through the official to repurchase KNOW and destroy it
A 10% service fee is charged from the KNOW generated by the user's mining, and these KNOW are also destroyed.
More games and malls that are launched one after another will consume KNOW, and these KNOW will eventually be destroyed
Last modified 1mo ago
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On this page
Contract address
Overview
Token basic situation
Dividend and governance token: KNOWI
Token lock-up mechanism
Dividends and DAO Governance
Distribution of KNOW Tokens
Deflationary mechanism