Recently, our partner Genopets has brought more good news with the launch of KI tokens and GENE Staker(airdrops). Airdrops are becoming more and more popular in these days, and the token team is conducting frequent airdrops in order to get information about tokens to potential investors and enthusiasts. Next, Concept Art House takes a look at how Genopets introduced KI tokens and GENE Staker.

 Since GENE's launch, there has been much discussion in the community about the pledge feature. As a governance token, GENE can be used to cast and upgrade an important in-game NFT -- habitat. After the pledge function is enabled, players will be more inclined to hold tokens for a long time, promoting the use of GENE in the game, increasing the liquidity of sub-coin KI and reducing the inflationary pressure of GENE.

 l What: KI Token will be sold in a dynamic pricing launch and airdropped to GENE stakers to bootstrap its liquidity ahead of public beta of Genopets.

l When: June 20th, 2022 at 15:00 UTC through June 23rd, 2022 at 15:00 UTC, or whenever it sells out, whichever comes first.

l How: The sale is dynamically priced and powered by Strata. Starting at $0.50, the price will gradually fall and then rise each time KI is purchased, creating a curve and allowing the community to decide the fair price.

l Where: The link will be https://ki.genopets.me/, but it will not be live until a few days before the launch.

l Why: KI Token is the Genopets in-game utility token that is earned by Habitat NFT owners for taking steps. It can be used for crafting NFTs, minting Habitats, converting to energy to level up, and refining crystals.

l Vested Airdrop: 20,000,000 KI will also be airdropped to GENE Stakers based on their staking reward weight over a period of 90 days starting at the end of the launch.

 Genopets is excited to finally announce details of the official launch of KI Token. Learn more about KI and its role in Genopets in our article on the Dual Token System.

 In determining the best approach to launching KI Token, our in-game utility token, the team has examined a variety of options. Launchpads favor speculators, while batch auctions result in over-inflated prices. As such, we decided on a method that would best enable price discovery and encourage utility to benefit the core Genopets community. We’re partnering with Strata on a Dynamic Pricing Protocol that allows the community to participate in discovering the fair market price. We first tested this unique way of selling tokens earlier this month in a Water Crystal NFT drop that empowered the community to decide what the floor of Water Crystals should be.

 The sale will be similar to a dutch auction in that the price will start high $0.50 and gradually decrease over the course of 3 days. As more Genovians buy KI, the price will rise. As a result, the price will go up and down over the course of the sale until it’s all sold out.

 Strata’s protocol is based on a Liquidity Bootstrapping Curve (LBC) that utilizes an unequally-weighted curve that seeks to obtain equilibrium over time. This price discovery mechanism allows for the community’s participation in the sale to determine the fair market price.

 The initial supply of KI will be sold in this launch and airdropped to GENE stakers. The total amount of KI being sold in the launch is equal to the amount we will be providing as protocol designated liquidity so that 100% of funds raised will be able to go towards liquidity in an DEX pool.

 Full details on the tokenomics below:

l Tokens Available: 20,000,000 KI (⅓ of the initial KI Token supply)

l KI Vested Airdrop to GENE Stakers: 20,000,000 KI (⅓ of the initial KI Token supply)

l Protocol Designated Liquidity: 20,000,000 KI (⅓ of the initial KI Token supply) or an amount equal to the total amount sold in the launch

l Starting Price: 0.50 USDC

l Starting Supply: 40,000,000 + (20,000,000 / 90) KI Token vested each day for 90 days from the airdrop to GENE stakers

Note: Any unsold KI Tokens will be burned after the launch.

 Vested KI Airdrop for GENE Stakers

 As we thought about how best to kickstart the supply of KI and bootstrap its liquidity, one thing we were sure of is that KI Token needed to land in the hands of faithful Genovians that were committed to the long term success of the project. Today, more than 24% of all GENE token addresses are staking. There was no better way to do that than to airdrop KI to GENE stakers who have locked in their support over the last few weeks.

 20,000,000 KI will also be airdropped to GENE Stakers based on their staking reward weight over a period of 90 days starting at the end of the launch.A snapshot of all GENE token staking wallet addresses will be taken on June 18th, 2022 at 23:59 UTC to confirm eligibility for the airdrop.

 In the spirit of Web3, the outcome of the KI Token Launch is in the community’s hands. And there’s no one better to launch this token with than the players who plan to use it. Join Genopets as they take another step forward on the road to the Public Beta!

 Summon your Genopet and start moving!