$KLEO is Our Governance Token
The utility for our token is two-fold. You will be able to stake $KLEO to govern the operations of our validator and you will also earn bonus rewards.
Total Supply of 740 Million $KLEO
45% of supply will go to our delegators with 15% allocated to our early delegators on JUNO and the remaining 30% going to those who delegated on all chains we validate.

The governance pool will be allocated 40% of total supply. This includes our development fund (5%), liquidity incentives (5%), marketing fund (5%) and the community fund (25%). Community members who contribute to the DAO in meaningful ways will be eligible to receive KLEO from the community fund.

The team is allocated 15% of supply, with 5% for the core team and 10% for our developers. All team members are subject to a 1 year vesting cliff, which means that no tokens will vest during this time. After 1 year, the remaining tokens will vest linearly over the course of a year. All team tokens will be fully vested after 2 years.

Airdrop Emissions Schedule

KLEO is vested to all airdrop recipients over 12 months to prevent supply shock and to facilitate a high initial staking APR for KLEO. This also allows us to build liquidity with early revenue and attract more delegators for revenue growth. The supply increase is fixed for the first 3 months and then increases by 18% per month thereafter.

Staking Rewards

After running some financial models, we created a dynamic staking rewards plan to better serve the DAO during our first year of operations. We allocated 15% to our stablecoin treasury and will self-bond 5% of profits from each chain to our own validator. The remaining 80% allocation will be used for DEX Liquidity and KLEO Buybacks, however the allocations will be fluid to promote early liquidity growth.

We will initially use 55% of profits to build liquidity for KLEO and the remaining 45% for buybacks and staking rewards. Over the course of the year, the liquidity allocation will taper down to 15%, while the buyback and staking portions will increase to 85%.

This strategy allows us to build a healthy amount of protocol owned liquidity while token emissions are low. It will also serve as an incentive for users to continue accumulating and staking KLEO. Users who chose to buy and stake KLEO early on will receive a larger share of rewards in the future.
Like What You See?
You may delegate your assets with us on the networks we validate to become eligible for $KLEO buybacks.