Koji is arriving, will you be ready?
Introduction
KOJI is an erc20 project on the Ethereum network. Koji will be the token of the people. It is a distributed, worldwide, decentralized digital token, designed to unite the earth population with a core mission on helping in times of crisis and donating to charitable organizations. In simple terms, KOJI is a hybrid digital token: a DeFi Charity following a deflationary model with redistribution features and regular NFT comics. It aims to cement its position as the leading mutual-aid token by helping the world with an automatic 3% tax on every transaction: buy, sell, or transfer.
Community Driven
KOJI is a community driven token based on the Ethereum network. It is managed without any central authority: there is no government, company, or bank in charge of KOJI. Our community has already decided the specific tokenomics, and we will continue to involve it in future decisions as KOJI spreads around the world. The development team is entirely composed of volunteers covering a wide range of skills, that have dedicated long hours and hard work to making this project a reality.
Distribution
The 3% transaction tax is distributed into four different categories:
- 1% of it will be sent to a charity wallet.
- 1% will get redistributed to all KOJI holders.
- 0.5% regeneration fund to help maintain the future development and expansion of KOJI.
- 0.5% will be removed from the circulating supply, also known as “burn”(characteristic of a deflationary currency) .
KOJI, to the best of the team’s knowledge, is the first of its kind to integrate these features into one token: Automatic charitable donations, burn, redistribution, and regeneration fees (to help investing in further development of KOJI such as NFT creation and marketing). The aforementioned taxes will be explained through the Tokenomics section. Our number one priority is to be able to make transparent charity contributions, decided by the community’s popular vote. Due to the complex logistics of these contributions we have included a more detailed explanation below.
Tokenomics
All taxed tokens will be distributed in the same manner, following this formula:
Taxed KOJI = Transaction Amount x TAX = Transaction Amount x 0.03
(TAX=0.03 in our case)
Charity Wallet
The charity wallet will be funded with 1% of every transaction. Anything accrued in the charity wallet will only ever be used to donate to charitable causes and nonprofit organizations. The charity wallet will pay the necessary gas fees to convert KOJI to ETH and if needed ETH to fiat (USD), as some of the donations will be unrealizable if kept in KOJI or ETH. The Charity wallet will transfer KOJI obtained to ETH regularly, avoiding build up of the donation and reducing the price impact of this cash-out. The charity will be changed on a regular basis and donations will be made to the most relevant charities possible. Changing charities regularly will allow us to be able to target specific supported organizations if natural disasters (such as tsunamis or earthquakes) unfortunately strike. We will use the community pages for holders’ suggestions on charitable causes; all charities will be inspected and registered. We will try and help the smaller charities that have boots on the ground, so less of the donation is lost in extravagant CEO wages and bonuses.
Deflation
Token burning, added as a slice of the transaction tax, means that a certain amount (0.5% for KOJI) of that transaction is removed from circulatory supply. Burnt tokens cannot be reintroduced into the supply, making KOJI scarcer and rarer every transaction. In this situation, holding is greatly rewarded: holders will see their market share increased due to the ever reducing circulatory supply.
Redistribution
Redistribution has been implemented in KOJI’s contract and takes place every transaction, similar to the burn feature. The agreed redistribution accounts for 1% of the transaction, split accordingly between all the holders. Every buy or sell transaction, all holders will receive a cut of the redistribution, proportional to their market share. You will need to hold your KOJI in an Ethereum based wallet(Metamask, TrustWallet, etc.) to automatically claim the redistribution.
Regeneration
The regeneration fee secures the future development and expansion of KOJI and allows for optimal management of the creative designs such as NFT drops and marketing, etc.. and accounts for 0.5% per transaction. Most tokens rely on big holders (whales) investing a substantial amount of money, making long term sustainability incredibly difficult and will always have a conflict of interest as the “whales” will have to sell to regain their investment (initially used to develop the token and increase its reach). This transaction based fee means that KOJI relies solely on KOJI for income and will not require further funding from external sources. All money accrued in the regeneration fund will be used to further develop the quality and reach of KOJI while keeping full transparency, as all transactions from/to that wallet will be publicly available (e.g. on Etherscan). Please remember that getting listed in even the small exchanges costs a substantial amount of money, making the regeneration fee imperative for long term growth and independence. The mentioned wallet (in a similar fashion to the charity wallet) will be emptied regularly and held in Ethereum, lowering the impact on price fluctuations.
Innovative & Highly Collectible NFTs
KOJI’s community is unique and we want the project to be unique as well, so in addition to the previous features, holders over a certain (yet undetermined) amount will be able to mint their own Koji NFT’s directly on our website. How this will work is each page of our comic will be broken up into smaller sections, each one being its own NFT. Our holders will be able to mint one panel from one page as the pages are released, with a waiting period in between each mint yet to be determined by the team. Each mint will have its own print ID and there will be a limited amount of printings per panel. The idea is to ultimately fill in each panel of the comic book with your own NFT version. Do you want print #1 of each panel? You might have to buy that on the open NFT market. Fill in each panel on all 30 pages and you will get an actual hard copy of our comic book sent to you (these will be very limited as well). Our NFT program will incentivize holding and give our community events to look forward to for many months and years after our launch.
Liquidity
Liquidity will be locked initially for 6 months, just as a precaution in case of Ethereum network changes, high fees, or instability. Once we have established ourselves and everything is running smoothly, liquidity will be re-locked forever, as we believe this is the best for KOJI long term. The liquidity pool will be funded with Ethereum via our public sale offering for KOJI. After launch, holders that help growing the liquidity pool (LP) will have the ability to mint NFT comic pages as well, and they will receive 0.3% on each transaction.
Developer Shares
The developers working pre-release will be paid in KOJI, when possible, to save cost and to bring more people on board long term. 90% of developer tokens will be vested for a minimum of 6 months and unlocked linearly. We believe in this project and see a long term future for it in the crypto space.
Contact
If you have any questions or suggestions, please contact us using the telegram group:
https://t.me/kojiearth or contact@koji.earth
Please visit our website at https://koji.earth
The KOJITeam
Billy — Senior Project Manager billy@koji.earth
Adam — Senior Project Manager adam@koji.earth
Rick — Project Manager & Creative Director rick@koji.earth
Alberto- Public Relations & Documentation Director alberto@koji.earth
Mounir — Partnerships Manager mounir@koji.earth
Andreas- Web Design & Branding andreas@koji.earth
Nodezy — Head Technical Development nodezy@koji.earth
