[KGeN $KGEN Raises $30 Million USD: Project Introduction, Token Introduction, and Participation Perspectives]
#KGeN is a Web3-based game data platform currently building the world's largest Verified Distribution Protocol.
First, let's take a quick look at what the Verified Distribution Protocol (VDP) is:
KGeN's proprietary POGE helps projects find "real, active, and suitable users" for promotion or service provision, and can track millions of on-chain and off-chain user data points.
My understanding: For example, if a Web3 game project wants to airdrop users, POGE can track user data to identify real users and "scammers," identifying the precise target audience. Real users can also share their data to receive more airdrops (which is very user-friendly for the project!).
The introduction gives you a sense of the project's ambition and the powerful team behind it. Let's take a look at KGeN's achievements in just a few years:
35 Million User Grid | Proposed Revenue Partnerships with 200+ AI, DeFi, and Gaming Projects Annualized revenue of $33.6 million per MRR, with continued year-over-year growth. Investors include Aptos Labs, Polygon, and Game7, bringing total funding to $30 million.
Here's a special introduction to the $KGEN token.
KGeN's overall token economics are very user-friendly. Long-term incentives and a robust ecosystem ensure the token's value, educating investors and stimulating community enthusiasm. Its core concept is "Come for the tools, stay for the network."
1. $KGeN Token Introduction and Participation
$KGeN utilizes a dual-token economic model consisting of the primary token $KGEN and an off-chain reward currency, rKGeN (or K-points). The rKGeN token is deployed on the $Aptos blockchain and will eventually be converted to KGeN tokens at a 1:1 ratio (depending on customization) after the TGE.
rKGeN Aptos Smart Contract: https://github.com/kgen-protocol/smartcontracts/tree/main/rKGEN-Core-SC
Three groups can receive rewards: Oracle node operators who contribute computing resources to the KGeN infrastructure; Ongoing participants in the KGeN platform; User publishers who strategically allocate marketing funds within the KGeN ecosystem.
Interested participants can participate in on-chain tasks to mint a "player identity NFT" for free. There are various tasks below to earn points. I'll write a detailed participation tutorial later when I have time.
https://play.kgen.io/my-pog
$KGeN Allocation and Unlock Schedule
$KGEN Token Total Supply: 1 billion
1. Community (Rewards, Ecosystem Development, and Node Sales): 400 million (40% is quite generous)
2. Finance Department: 220 million (22%)
3. Team and Advisors (allocated): 170 million (17%)
4. Early Purchasers: 160 million (16%)
5. Team and Advisors: 500 million (5%)
The team and investors have a post-unlock structure, prioritizing community ownership of the network.
Refer to the figure below for the token unlock schedule.
3. $KGeN Token Governance Rights and Token Usage
$KGEN tokens grant holders the right to participate in community governance in the following ways.
1. Voting Rights: Community members holding $KGEN tokens can vote based on the number of tokens they hold.
2. Proposal Rights: Significant token holders may propose new features or improvements, which will be voted on by the community.
3. Representative Election: Governance tokens can be used to elect community representatives, who represent the community's interests and participate in key decision-making.
Token Usage: In-store purchases, purchases of virtual and physical assets, $KGeN token staking , subscription thresholds, identity and reputation systems, etc. (which effectively guarantee the token's value, rather than the useless value some projects hype).
In summary: Strong funding, a strong background, impressive technology, a dual-token economic model that is an innovative attempt, and the token's utility cycle ensures the long-term value of the token and the sustainability of the ecosystem.
I will be keeping a close eye on the @KGeN_IO project and participating in on-chain tasks. I look forward to seeing what's to come.
📌 Official Links:
🔗KGeN: https://kgen.io/connect
🔗KAI: https://kai.kgen.io
🔗Token Economics: https://kgen.gitbook.io/kgen/tokenomics/r-kgen
🔗X: https://x.com/KGeN_IO