The Klima Protocol uses two native tokens and onchain carbon tokens to operate its infrastructure.
Floating supply (starting at 20 million), expanding and contracting as carbon is acquired or retired.
Serves as the medium of exchange for all carbon trades with the Protocol.
Can be locked to influence carbon class execution rates.
Fixed supply of 100 million, distributed programmatically as incentives.
Can be locked to vote on carbon class capacity.
Tokenised representations of specific carbon credits.
Grouped into carbon classes for efficient pricing and allocation.
Acquired by the protocol and retired when users redeem certificates.
All carbon is priced and executed in kVCM terms only only.
Participants can engage with, or withdraw from the ecosystem, via the kVCM<>USD liquidity pool 24/7.
Vote-locked kVCM, user-locked K2, and liquidity providers may receive protocol incentives in accordance with pre-defined rules.
Initial kVCM token distribution: 20 million.
Floating supply.
KLIMA Holders (Fair Launch participants)
77.5%
15.5
Via Fair Launch claim function
Latecomers migration contract (KLIMA holders)
10%
2
To enable remaining KLIMA conversion to be converted at a reduced rate
DAO / Treasury
10%
2
For liquidity & future carbon allocation needs.
01X Consulting FZE (“01X”) -
2.5%
0.5
Per contractual agreement, compensation for model development.
Initial K2 token distribution: 7 million.
Final distribution: 100 million.
Fixed supply.
DAO / Treasury
4.5%
4.5
For kVCM/K2 LP, or held in reserve.
01X
2.5%
2.5
24 month lock providing LP in kVCM/K2
Reserve for Protocol Launch
93%
93
Minted and held in reserve for protocol launch. See table below.
Fair Launch Participants
40%
40
Allocated proportionally against accrued points. Claimable over 48 month vesting period
Ecosystem Grant Reserve
%
5
TBD
Programmatic Incentives
40%
40
Incentive Curve (See white paper)
pKlima Holders
3%
3
48 month vesting period
Product Development Fund
5%
5
TBD
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