Understanding Tokenomics: An Overview of KUB Coin (KUB)Understanding Tokenomics: An Overview of KUB Coin (KUB)
Three Primary Functions of KUB Coin on the KUB Network
- The Gas Fee for transaction fee on blockchain network such as asset transfer, storage, and others.
- The Gas Fee for utilizing smart contracts or Decentralized Applications on the blockchain network.
Tokenomics Overview: KUB Coin Economics
| Means of Distribution of KUB | Ratio to Total KUB | Amount of KUB (coin) | Period of Distribution of KUB |
|---|---|---|---|
| Ecosystem Fund | 13.64% | 15,000,000 | Distributed 8,427,172.88 KUB |
| Sustainable Blockchain Development Fund | 18.71% | 20,586,496.24 | Will be distributed forfuture utilization |
| Community Development Fund | 0.59% | 643,543.05 | Completed |
| Bitkub Reserve Funds | 9.09% | 10,000,000 | Locked for a period of three years, after which they will be gradually released on an annual basis. The total lock-up period is three years, with the following release schedule: 1.In 2024, to Bitkub Capital Group Holdings Co., Ltd. 2.In 2025 and 2026, to Bitkub Blockchain Technology Co., Ltd |
| Liquidity Provision Fund | 46% | 50,605,103 | Completed |
| Strategic Partners Fund | 2.88% | 3,164,857.71 | Completed |
| Initial Airdrop Fund | 9.09% | 10,000,000 | Completed |
| Total KUB Supply | 100% | 110,000,000 |
Ecosystem Fund
This fund is managed by KUB Chain Development Team and used for a variety of purposes and be utilized in various forms and methods as deemed appropriate by KUB Chain Development Team to support and promote the ecosystem of KUB Chain which includes, but is not limited to, supporting and promoting the development of various projects on KUB Chain, supporting Validator, subsidizing Gas Fees, or developing other infrastructure that will help the KUB Chain ecosystem grow sustainably in the long term.
Sustainable Blockchain Development Fund
This fund is derived from the consolidation of the Community Development Fund and the Strategic Partners Fund, specifically the unallocated amounts of 14,356,456.95 KUB and 6,230,039.29 KUB, respectively, as of February 11, 2025. This budget will be managed by KUB Chain Development Team and used for any actions deemed appropriate by KUB Chain Development Team for the benefit or advantage of the infrastructure, ecosystem, or users of KUB Chain, or to build a user network, or to promote the use of the KUB Chain network, or to establish relationships or support business partners to join the network, or for the development or growth of KUB Chain. This includes utilizing the original objectives of the Community Development Fund and the Strategic Partners Fund, such as the BKC Contributor Grant and others, as specified in previous versions of the KUB Chain Whitepaper.
Community Development Fund
This fund is managed by the KUB Chain development team with the objectives as stated in the previous KUB Chain Whitepaper. However, due to the aforementioned changes in KUB coin distribution, the remaining 14,356,456.95 KUB coins under this fund, which have not yet been allocated, have been incorporated into the Sustainable Blockchain Development Fund. Therefore, this budget is now considered to be fully allocated.
Bitkub Reserve Funds
Originally, this specific fund was known as the Bitkub Capital Group Holdings Reserve Fund. It was a strategic allocation intended for the companies within the Bitkub group responsible for the development and support of the KUB Chain from its very beginning. The fund was divided, with one-third allocated to Bitkub Capital Group Holdings Co., Ltd. in recognition of its role in supporting and helping to build the KUB Chain during its initial phase. The remaining two-thirds were also allocated to Bitkub Blockchain Technology Co., Ltd., this time for its primary role as the KUB Chain’s developer. The use of this fund is subject to the discretion of the board of directors of the company that receives the allocation.
Liquidity Provision Fund
This fund is managed by KUB Chain Development Team to support the liquidity of KUB on the first trading day in the Bitkub Exchange. On August 9, 2021, a total of 49,394,897 KUB that were initially locked were burned. Meanwhile, the remaining 50,605,103 KUB that had already been purchased continue to circulate in the digital asset market as usual.
Strategic Partners Fund
This fund is managed by the KUB Chain Development Team with the objectives as stated in the previous KUB Chain Whitepaper. However, due to the aforementioned changes in KUB coin distribution, the remaining 6,230,039.29 KUB coins under this budget, which have not yet been allocated, have been incorporated into the Sustainable Blockchain Development Fund. Therefore, this budget is now considered to be fully allocated.
Initial Airdrop Fund
This fund was managed by Bitkub Exchange to use as the fund for KUB distribution for Bitkub Exchange customers who had minimum collective purchase volume that met the criteria and time as set out by Bitkub Exchange. This fund was completely dispersed at the beginning of KUB’s launching period.
