💎KARAT
the gem of Karatopia
Total Supply
100 million tokens in total, and no more will ever be minted. A limited-edition treasure!
Initial Distribution
All 100 million KARAT tokens are initially placed in a liquidity pool with CAKE tokens, setting the initial price at 0.001 CAKE/KARAT.
Transparency
The KARAT smart contract is open source on BSC Scan.
Liquidity pool
PancakeSwap V3.
Auto Buyback
20% of daily game revenue in CAKE tokens is automatically burned by PancakeSwap Gaming Marketplace. The remaining 80% of CAKE tokens are used for buying back KARAT tokens from the liquidity pool.
The Buyback Breakdown
20% of bought-back tokens are burned to dust. 35% goes to daily mines for fair distribution based on hash power.
2.25% allocated to Operations.
9% allocated to Research & Development (R&D).
4.5% allocated to Marketing.
2.25% allocated to Community Improvement.
4.5% allocated to Ecosystem 1 (Eco-1).
4.5% allocated to Ecosystem 2 (Eco-2).
4.5% allocated to Ecosystem 3 (Eco-3).
4.5% allocated to Ecosystem 4 (Eco-4).
4.5% allocated to Ecosystem 5 (Eco-5).
4.5% allocated to Other Ecosystem Initiatives.
Example of the Burn Mechanism
Let's say our game generates 1,000 CAKE in revenue for the day. Here's what happens next:
Burn 20% (200 CAKE) 200 CAKE tokens are burned, reducing the total supply and increasing the value of each remaining KARAT.
Use the remaining 80% (800 CAKE) to buy back Karats Based on the real-time price in the liquidity pool, let's illustrate with an example of purchasing 100,000 Karats.
Distribution of Bought-Back KARATs (100,000)
20% (20,000 KARATs) burned These KARATs are permanently removed from circulation, ensuring more valuable KARAT.
35% (35,000 KARATs) to daily mines Added to the daily mining pool, available for players to earn based on their hash power.
2.25% (2,250 KARATs) for Operations.
9% (9,000 KARATs) for Research & Development (R&D).
4.5% (4,500 KARATs) for Marketing.
2.25% (2,250 KARATs) for Community Improvement.
4.5% (4,500 KARATs) for Ecosystem 1 (Eco-1).
4.5% (4,500 KARATs) for Ecosystem 2 (Eco-2).
4.5% (4,500 KARATs) for Ecosystem 3 (Eco-3).
4.5% (4,500 KARATs) for Ecosystem 4 (Eco-4).
4.5% (4,500 KARATs) for Ecosystem 5 (Eco-5).
4.5% (4,500 KARATs) for Other Ecosystem Initiatives.
The buyback allocation has been adjusted to enhance operational efficiency and support our expanding ecosystem. We have divided the ecosystem fund into five specific areas (Eco-1 to Eco-5) with detailed plans currently in development and to be announced.
Open public purchase after 7M Karats are burned
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