Kaps

The community-driven token with a limited supply, a growing reserve and reward pool

KAPS is a BSC token on the BEP20 standard that offers a solid price floor through the formation of an initial stablecoin reserve and reinforcing it with transaction fees over time. The token is used for governance and rewards its active community members with fee cashbacks.

Whitepaper One Pager

The first Web3-integrated forum with a modern design

Meet KAPS

KAPS dedicates ≈100% of the proceedings collected via its initial sale to the formation of a reserve consisting of stablecoins (BUSD). The project continuously expands this reserve pool over time by dedicating 60% of all future transaction fees to the backing reserve. The KAPS collected through the fees will be subsequently sold on exchanges and directly swapped to BUSD.

Advantages

The KAPS project combines several aspects under one roof:

A growing reserve that increases over time through transaction fees

1% fee: among the lowest in the sector

Community forum with crypto-related content, voting on ecosystem development decisions and more

Community rewards in the form of fee cashback

Stable coverage through BUSD reserves

First Web3 forum

Fully transparent

Full transparency

KAPS is dedicated towards publishing regular reports of the current backing reserve. The reserve will further be audited by a third party on regular intervals to ensure the utmost degree of decentralization.

The BUSD reserve will allow no outgoing transactions unless approved by the custodian.

Features

The KAPS utility token is used to vote on important decisions related to the further development of the KAPS project and to access the first crypto and blockchain discussion forum with token rewards. The token further acts as an reward mechanism. A transaction fee of 1% is applied, which is split between the Reserve pool and the Reward pools. KAPS is dedicated towards publishing regular reports of the current backing reserve. The reserve will further be audited by a third party on regular intervals to ensure the utmost degree of decentralization. The BUSD reserve will allow no outgoing transactions unless approved by the custodian. The total supply of KAPS is limited and will never increase.

KAPS conducts an Initial Coin Offering - ≈100% of the proceedings minus the development costs for the the discussion forum are swapped to BUSD and stored in the Reserve.

KAPS splits the transaction fees into the reserve and the community reward pool. The KAPS collected via transaction fees are sold on exchanges for BUSD.

The BUSD is accumulated in the reserve, which grows over time and increases the price floor of KAPS through a provable reserve. The total supply of KAPS is limited.

The community discusses blockchain and crypto topics in the forum and votes. Top members are rewarded from the community pool at the end of the month.

Empowered by the community

Through voting, the community has the power to determine the future development of the token and the forum. The community pool is regularly distributed among the 10 most active members.

Resources

Read our Whitepaper to understand how KAPS exactly works and what problems it solves.

Whitepaper One Pager

Token name:

KAPS

Technology:

BEP20

Token Type:

Utility

Token Supply:

50,000,000 KAPS

Token ICO:

50,000,000 KAPS

ICO Price:

2 EUR

Hard Cap:

85,000,000 EUR

The KAPS token

The KAPS utility token is based on the BEP20 (BSC) standard. It is used to vote on important decisions related to the further development of the KAPS project. The token further acts as an reward mechanism. A transaction fee of 1% is applied, which is split between the Reserve pool and the Community pool.

KAPS secures a solid price floor by dedicating ≈100% of the proceedings to the Reserve pool formation. 60% of the fees are continuously added to the reserve pool, which grows over time and secures the KAPS token price.

Token sale

The KAPS token sale will commence in three stages. Early adopters recieve 50% bonus on their investment. All proceedings collected are transformed into BUSD, which is stored in securely in the reserve.

Private sale

01.01.2023 - 31.01.2023

Amount

10,000,000 KAPS

Price

1 EUR

Bonus

50%

Pre-sale

01.02.2023 - 28.02.2023

Amount

10,000,000 KAPS

Price

1,50 EUR

Bonus

25%

Main sale

01.03.2023 - 31.03.2023

Amount

30,000,000 KAPS

Price

2 EUR

Roadmap

Q3 2022

Smart Contract development

Smart Contract audit

January 2023

Start Private sale

February 2023

Start Pre-sale

March 2023

Main sale

Q1 2023

Launch of the forum

April 2023

First announcement of the state of the reserve pool

Q2 2023

Listing of KAPS on exchanges

Q3 2023

Roll out of the voting dashboard