KOI Finance

April 11, 2024

KOI article about the World Bounty Campaign

KOI Finance, an innovative project in the crypto world, has attracted attention with its transparent and efficient approach to providing decentralized financial services. With KOI tokens as the backbone of its ecosystem, KOI Finance has succeeded in creating a solution that combines the reliability of blockchain technology with the real needs of users. Let's take a deeper look at how KOI Finance is bringing positive change to the crypto world.

Next, let's answer the question regarding Koi Finance's main goal in creating the KOI token. Koi Finance's main goal in creating the KOI token is to facilitate peer-to-peer (P2P), peer-to-consumer (P2C), consumer-to-consumer (C2C), and applications within the KOI ecosystem. KOI tokens use the Ethereum network with the ERC20 standard, providing convenience in various transactions in the KOI ecosystem. Therefore, Koi Finance aims to strengthen interaction and connectivity between users and expand the use of tokens in various economic activities on their platform.

Koi Finance's main goal in creating the KOI token is to facilitate transactions and interactions within its ecosystem. As a DeFi platform, Koi Finance serves as a liquidity center for all projects on zkSync. They offer a fast and efficient exchange mechanism, with very low fuel costs.

KOI tokens are also used in the KoiPond platform, a decentralized launchpad that allows investors to invest in early-stage crypto projects before their public listing, by staking KOI tokens.

Apart from that, KOI tokens also facilitate P2P, P2C, C2C transactions in KOI ecosystem applications. With these tokens, users can participate in various activities on the platform, including farming, bond platforms and others.

Token Allocation

Mute started as a proof-of-work blockchain network with the goal of creating layer-two solutions using zero-knowledge proofs. The project then switched to the ERC-20 standard and began building on top of zkSync. Throughout this process, Mute remained committed to fairness and decentralization. It was launched in a fair manner, without ICO, pre-seed, or initial investment, and can be mined with GPUs. About 10% of the block reward is allocated to the Mute treasury. The migration from Mute's native chain to ERC-20 was done via a 1:1 coin/token swap. All exchanges are carried out transparently and can be verified on the Ethereum Blockchain via Etherscan .

The Treasury wallet holds approximately 8% of the total supply of Mute tokens. These funds are used to support ongoing development of Mute, and address history and treasury movements can be tracked. In the future, the treasury and its assets in L2 will be controlled by the DAO via dMute.

Additionally, Mute has integrated/merged a side token called VOICE into its total supply. As part of this arrangement, VOICE token holders can swap their tokens for Bisu tokens at a rate of 1:197.55. The generated Mute tokens are included in the project's total supply, and VOICE token holders can still make this exchange via smart contracts .

Distributing Tokens

Token Allocation

We will update these numbers once tokens are allocated, awarded, and unlocked.

Distributed (before silent token exchange): 50%

Environmental Benefits: 30%

We have set aside for future investors: 7%

Blocks: 6%

Contingency Plans for Future Advisors: 4%

For investors and advisors with 12–18 months vesting: 30%

Roadmap

Big picture roadmap — subject to change at any time

Solutions

Major Network Release

May 2023.

Agriculture Program

The liquidity rewards protocol was launched to incentivize high-value projects to provide liquidity on Koi. Improved APY farming model enables efficient reward distribution.

Bond Infra

The Bond Market was launched to provide tools for projects to improve their PoL.

Paymaster

Pay a fee for each token traded on Koi

veDAO

Sound escrow model for Koi tokens. Get access to KOI DAO, increased farming APY, and profit sharing (Q1 2024)

Q1/Q2 2024

Mute -> Koi rebrand & token swap

Rebranded ecosystem with overhauled tokenomics

veKoi revenue sharing

Integrate a revenue sharing mechanism from protocol generated fees for veKoi locker.

Concentrated liquidity pools, limit orders, trading strategies

Implement and integrate concentrated liquidity pools with overlapping limit orders, range orders, repeat orders, and liquidity segmentation.

conclusion

KOI token is one of the interesting assets in the crypto world. Bounty campaigns are an effective strategy in promoting cryptocurrency projects. Through bounty campaigns, projects can expand the reach and awareness of their tokens. The bounty campaign also helped build public trust in the project. The advantages of bounty campaigns include wider token distribution and affordable fees.