Kujira (KUJI) coin issuance price and quantity introduction

The Kujira (KUJI) token, offered at an issuance price of $0.10 during its IDO, comprises a total supply of 100,000,000 tokens distributed among various stakeholders, including IDO participants who hold 40% of the initial supply.

Dec 22, 2024 at 02:59 am

Key Points:

• Kujira (KUJI) is a decentralized finance (DeFi) token built on the Cosmos ecosystem.
• The coin's issuance price was set at $0.10 during its initial decentralized exchange (DEX) offering (IDO) on June 7, 2022.
• The total supply of KUJI is 100,000,000 tokens, of which 40% (40,000,000 KUJI) was distributed to IDO participants.
• The remaining 60% of the KUJI supply is allocated to various stakeholders, including the team, investors, and community development fund.

Issuance Price

• KUJI's issuance price of $0.10 was determined during its IDO on Osmosis Zone, a popular DEX on the Cosmos network.
• The IDO lasted for two hours, during which participants could purchase KUJI tokens using OSMO, the native token of Osmosis Zone.
• Of the 40,000,000 KUJI tokens allocated for the IDO, 20,000,000 tokens were available for whitelisted participants, while the remaining 20,000,000 tokens were sold in a public lottery.

Quantity

• The total supply of KUJI is set at 100,000,000 tokens.

• The distribution of the initial supply is as follows:

  • IDO participants: 40% (40,000,000 KUJI)
  • Team: 25% (25,000,000 KUJI)
  • Investors: 15% (15,000,000 KUJI)
  • Community development fund: 10% (10,000,000 KUJI)
  • Strategic reserve (locked for 6 months): 10% (10,000,000 KUJI)

Potential Funding Raised

• Assuming all KUJI tokens allocated to the IDO were sold at the issuance price of $0.10, the project would have raised approximately $4 million.
• This funding would be used to support the development of the Kujira platform, which aims to streamline and enhance the DeFi experience on the Cosmos ecosystem.

FAQs:

• What is the purpose of KUJI tokens?

  • KUJI tokens are used for various purposes within the Kujira platform, including staking, governance, and fee payments.

• How can I buy KUJI tokens?

  • KUJI tokens can be purchased on Osmosis Zone, PancakeSwap, and other decentralized exchanges.

• Can I stake KUJI tokens?

  • Yes, you can stake KUJI tokens on the Kujira platform to earn rewards in the form of KUJIRA (KLAY) tokens, which represent the platform's revenue.

• How does the Kujira platform benefit users?

  • The Kujira platform offers several features that benefit users, such as automated yield farming, margin trading, and liquidations.

• Is the Kujira platform safe to use?

  • Kujira is built on the Cosmos network, which has a strong security reputation. The platform also employs various measures, such as multi-sig wallets and smart contract audits, to ensure user funds are protected.