Token Distribution
The Klima Protocol uses two native tokens and onchain carbon tokens to operate its infrastructure.
Summary
kVCM
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.
K2
Fixed supply of 100 million, distributed programmatically as incentives.
Can be locked to vote on carbon class capacity.
Carbon tokens
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.
Shared mechanics
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 State
kVCM
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
Treasury
10%
2
For liquidity & future carbon allocation needs.
01X Consulting FZE (“01X”) -
2.5%
0.5
Per contractual agreement, compensation for model development.
K2
Initial K2 token distribution: 7 million.
Final distribution: 100 million.
Fixed supply.
Treasury
4.5%
4.5
Locked in kVCM/K2 LP (24 months), or held in reserve.
01X
2.5%
2.5
24 month lock providing LP in kVCM/K2
Fair Launch Participants
40%
40
Allocated proportionally against Fair Launch (distributed over 48 month period — see white paper)
Programmatic Incentives
40%
40
Protocol native incentive (distributed over 48 month period — see white paper)
Ecosystem Grant Reserve
5%
5
TBD
Product Development Fund
5%
5
TBD
pKlima Holders
3%
3
Distributed over 48 month period — see white paper
Last updated