Kaps

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 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.