Kommunitas Priority Project

Kommunitas is excited to announce significant enhancements to our Priority Projects Criteria, reinforcing our commitment to providing a secure and trustworthy investment environment in the cryptocurrency space.

Background

Kommunitas has consistently sought to lead the cryptocurrency launchpad sector by offering our community — the KOMmunity — access to high-quality, secure projects. The Kommunitas Priority Projects initiative marks projects that surpass our stringent criteria, ensuring elevated standards of quality and safety for our investors.

What’s New in the Priority Projects?

We are thrilled to share two major policy updates in our Priority Projects initiative, aimed at bolstering community trust and project accountability.

1. Refined Refund Policy with Potential of “Airdrop” Benefit

We’ve enhanced our refund policy to offer even more benefit to our investors:

- Previous Policy: If a project’s token price fell below the IKO price for more than 24 hourly candles within 48 hours post-listing, investors were eligible for a full refund (100% of their participation).

- New Policy: In addition to the refund, if the same price condition occurs (token’s price fell below the IKO price for more than 24 hourly candles within 48 hours post-listing), investors will retain the TGE tokens as free airdrop tokens while still be eligible for a full refund.

Example Scenario: Consider Project A with 20% tokens released at TGE and a 6-month linear vesting schedule for the rest 80%. Under the new policy, if Project A’s token price falls below the IKO price as specified here:

https://medium.com/@kommunitas/kommunitas-refund-policy-updates-1ce875a641c4, investors will keep their 20% TGE tokens as free airdrop tokens, along with a full refund of their investment.

Understanding the Conditions for “Free Token/Airdrop” Under the Refined Refund Policy

As an investor in the Kommunitas, it’s important to understand when and how you become eligible to receive TGE tokens as “Free Tokens/Airdrop” under our updated Kommunitas Priority Project policy:

  • Specific Condition for Free Tokens/Airdrop: You are entitled to receive TGE tokens as “Free Tokens/Airdrop” only if the project you’ve invested in experiences a drop in token price below the IKO price for more than 24 hourly candles within the 48-hour timeframe after listing.

  • No Free Tokens/Airdrop if Condition is Not Met: If this specific price condition is not met, there will be no distribution of TGE tokens as Free Tokens/Airdrop. In such cases, the token vesting will proceed as initially planned.

  • Additional Refund Policy: Alongside the provision of Free Tokens/Airdrop, you are also eligible for a full refund under the same condition.

  • Eligibility Criteria: This policy is applicable for investments in projects with up to 40% token release at TGE. Projects with more than 50% release at TGE do not qualify for this policy.

Please be aware that receiving TGE tokens as Free Tokens/Airdrop is a benefit specifically tied to the project’s performance in maintaining its token price post-listing. Your investment decisions should take into account this critical aspect of the policy.

Continued Three Consecutive Days Rule: Alongside this new policy, the existing rule where if a token’s price stays below the IKO price for three consecutive days, investors are eligible for a refund, still applies.

2. Updated Vesting Schedule for Raised Funds

We have also revised the vesting schedule for the funds raised:

- Old Policy: Funds were released according to the project’s public sale vesting schedule.

- New Policy: Once 50% of the project’s tokens are vested, the remaining funds raised will be released immediately to the project.

Example: If a project’s tokens have already released more than 50% from their vesting, the remaining funds will be released in full to the project, bypassing the staggered release schedule.

Why These Changes?

These updates are driven by our commitment to:

- Enhancing Investor Benefit: Offering refunds and free airdrop tokens under certain conditions provides an additional value for our investors.

- Encouraging Project Accountability: These policies motivate projects to sustain their token value post-launch and adhere to high standards of operation and transparency.

- Funds Released after 50% token has been vested: Once 50% of the tokens are vested, the project team will gain access to the remaining funds. This is because, beyond this point, there are no obligations for refunds, allowing us to confidently release the funds

Looking Ahead

Kommunitas continues to innovate and set new standards in the crypto launchpad industry. These policy updates demonstrate our dedication to the KOMmunity, ensuring a secure, transparent, and mutually beneficial ecosystem for investors and projects alike.

We invite you to join us on this exciting journey as we redefine excellence in cryptocurrency launchpads.

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