💝Overview
Introducing KOL (Key of Life) - the Hyper Burn Multichain Store of Value token
🔥What is KOL?
Key Of Life (KOL) is inspired by the Egyptian symbol ANKH or Key Of Life, that represents eternal life. We want to build a token that not only everyone want to hold for a great value appreciation overtime but also pass on to their next generations as the future's store of value. $KOL, with a hyper burn nature will eventually a store of value token better than gold or Bitcoin.
Key of Life Finance, a Decentralized, Multichain Automizer Vaults that allows its users to earn compound interest on their crypto holdings. Key of Life earns you the highest APYs with safety and efficiency in mind.
Inspired by precursive projects before us (Beefy Finance) we have developed our own Multichain Automizer Vaults.
Through a set of investment strategies secured and enforced by smart contracts, Key of Life automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.
The main product offered by Key of Life Finance are the Vaults in which you stake your crypto tokens. The investment strategy tied to the Vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite the name Vault suggests, your funds are never locked in any Vault on Key of Life: you can always withdraw at any moment in time.
DeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. While you have funds staked in a vault, you remain 100% in control of your crypto.
🔥What's special about KOL?
1️⃣ Very limited supply
KOL will be started with a total supply of 50 millons, but about ~40.6 millions is burned right at start, 8.4 millions will be locked in smart contract. So the starting circulating supply will only be at 1 million KOL and the starting market cap will be just $1.1 million.
Circulating supply of KOL will always below 3 million tokens. KOL is also an aggressive burning token, with 1% burned in each transaction.
2️⃣ Hyper Burning Rate
KOL - The world's FIRST AI-powered Store of Value Token! Watch your money AUTO-GROW in your wallet with EVERY trade!
Here is the details:
🚀 On BNB chain:
🔥0% buy tax
🔥0% transfer tax
🔥22% sell tax
Within the 22% sell tax structure, 2% will be allocated for burning, 10% will be distributed among holders, and 10% allocated to the bank stakers reward.
Given the absence of fees for buying, selling transactions will incur a 2% tax for burning, equating to a 1% fee for each transaction, whether buying or selling.
🚀 On other chains:
🔥0% buy tax
🔥0% transfer tax
🔥10% sell tax
Within the 10% sell tax structure,
BURN: 1% on each transaction
HOLDER REWARDS: 9% on each transaction
Thanks to its hyper burn nature, the more user's trading/transferring the more token will be burned. As volume is increasing rapidly with KOL's multichain strategy, we will see higher supply reduction every month and a supply shock is coming soon to make KOL's value go through the roof.
3️⃣ Earn 5% of every KOL transaction (on BNB chain & 4.5% on other chains), automatically delivered to your wallet
Just by holding KOL, every time someone sells KOL:
🚀 On BNB chain: 10% of their transaction will be automatically sent to you, your token growing continuously in your wallet!
🚀 On other chains: 9% of their transaction will be automatically sent to you, your token growing continuously in your wallet!
This is a great incentive for holders to keep KOL for a long term because it's the true store of value for you in the long run.
With KOL's active multi chain strategy, more and more token will be transferred, so the longer time you hold, the bigger you earned from trading/ defi activities, automatically delivered to your wallet.
4️⃣ Aggressive multi-chain strategy to create multiple flywheels
KOL is officially going multichain as a deflationary multichain store of value coin with treasury that stacks governance tokens to create multiple flywheels.
The end goal of KOL is to burn as much of the supply as possible. With 2.5% burn every transaction we will use our multi-chain strategy to create as much volume as possible. KOL will incentivize liquidity on multiple chains with treasury owned governance for DEXes where we can vote to direct emissions and creating multiple flywheels on multiple chains.
This turns KOL into a high APR store of value token with hyper burn. As more people buy, bridge, arbitrage and LP, more supply is burned. Imagine a supply shock is coming, sooner than you think!
5️⃣ Earn big by auto-compounding your tokens in KOL Automizer Vaults
KOL developed our own Multichain Automizer Vaults which automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the whole DeFi ecosystem (you can think of Beefy combined with Reaper farm). The 5% performance fee (lowest on the market) will be used for max-locking and get governance of Dexes and boost the APR of KOL related LPs pools on these Dexes.
So all you need is a single click to zap you tokens into LPs (such as KOL-BNB, KOL-MATIC, KOL-ETH on multichain) and deposit into one of our vaults, KOL Automizer will do the auto harvesting, auto compounding, and auto lock & voting for you to make sure you get the best out of your KOL holdings on that chain.
With these new innovative features, KOL will become the world's most hyper burn token to hold and store value!
Prepare your bag and join our great adventure to Polygon, Arbitrum, Fantom, Avalanche, KAVA and Optimism to farm the great KOL-LP APR there.
LEO - Lead dev of KOL Ecosystem.
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