🔎IKO Calculation Mechanism
The world of Web3 and decentralized platforms is always changing and challenging. Lately, there’s been a lot of talk about how transparent fundraising platforms are, especially about choosing whitelist winners. A recent discussion on Twitter: https://twitter.com/bubblemaps/status/1750601244958138614 highlighted these concerns. At Kommunitas, we’re proud to discuss this conversation, and put honesty and fairness first in everything we do.
Our Transparent Approach
As a decentralized and tier-less multichain launchpad, Kommunitas is built on the foundation of transparent and trackable transactions on the blockchain. Our model eliminates the ambiguity and opaqueness often associated with fundraising in the web3 space. In our launchpad, anyone staking a minimum of 3,000 $KOM and participating in the voting process for projects can engage in the first 2 Rounds (ie Booster 1 and Booster 2, with guaranteed allocation) of our Initial KOMmunity Offerings (IKOs). This system ensures equal opportunities for all our $KOM holders. We make sure everyone has an equal chance to participate.
Allocation Mechanism Explained
While most of the launchpads in the industry never share how their allocation is distributed, we always share it publicly. It’s important for our KOMmunity to understand how we divide the project allocations.
Whitelisted Wallets. We set aside about 40% from total allocation provided for whitelist winners and partners, including KOL / influencers, campaign winners, and some of the team members.
KOM Stakers. The 60% of the allocation goes to our users who stake and vote. The more you stake, the more allocation you might get. Moving forward, we have a plan in the near future to introduce an LP Farming in our platform and to split 20% allocation to those wallets who support us in providing liquidity on DEX. So, in the near future the allocation will be 20% to the LP stakers, and 40% to the KOM stakers. Stay tune for more details!
Now, as a KOM staker, you might wonder how the calculation is for your guaranteed allocation in Booster 1 and Booster 2. Please remember this calculation is only valid if you stake KOM and you cast a Vote before the Last Staking and Voting period. If you forget to cast a vote, you are still eligible in the FCFS round of every Public Round IKO in our launchpad.
There are 2 ways for you to calculate the amount of allocation for Booster 1.
First, you can calculate your allocation with this formula :
{Your $KOM staked / Total $KOM staked from voters} * 60% of the Target Raise.
Let’s take an example from the last “Funarcade” project. We will provide the details about the number of voters as well as total KOM staked from those voters in our Preparation Period (normally several hours before each sale starts at 9 AM UTC).
So, if you staked 500,000 KOM token and cast a vote before the Last Staking and Voting period, hence your allocation will be:
{Your $KOM staked / Total $KOM staked from voters} * 60% of the Target Raise.
500,000 / 269,159,624 * $60,000 = $111.45
In Booster 1, you can expect to have approximately $111.45 allocation.
Moving forward, after 8 hours of Booster 1, there will be Booster 2 where unsold tokens from Booster 1 will be allocated to those KOM stakers who cast a vote for a particular project. The calculation will be :
{Your $KOM staked / Total $KOM staked from voters} * Unsold Allocation of Booster 1
2. Second way to calculate your allocation is to visit our homepage and put some numbers in the “Calculate your KOMvestment” section. Please note that even though it is considered a simpler way to calculate your allocation, it is also less accurate since the number of total KOM staked from all voters might differ from one project to another.
If you don’t want to calculate the amount of allocation by yourself, you can simply connect your wallet in the Preparation Period of each sale (Approximately 1–2 hours before the IKO) and you shall see the maximum amount of allocation that you can purchase.
Transparency for Projects
We’re not just transparent with our community; we’re the same with project teams. We share our IKO smart contract with them so they can see user participation themselves. This builds trust. Also, our vesting portal follows their schedule and is based on a smart contract, not just a wallet. This makes sure everything is fair and transparent.
Wrapping Up
We’re committed to being open, transparent, and fair. This helps keep the Web3 world honest and gives our community clear and fair ways to join our IKOs.
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