[Announcement / IR] distribution changes due to the launch of the payment model (Proto Type) and service expansion using KONPAY

KONPAY
1 min readDec 4, 2023

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We are excited to announce significant updates regarding the distribution volume associated with the launch of KONPAY’s VISA CARD (Proto Type) and our service expansion. Here are the key details:

· Total Supply of KON : 3,200,000,000 KON

· Circulating Supply Before Update :
— Initially : 1,440,000,000 KON (45%)
· Release Quantity : 1,760,000,000 KON (55%), distributed as follows:
— User Compensation Pool (10%) / 0xf4fc4d511f86039a6b4d0818dc57dd3fea63c386
— Partner Deposit (15%) / 0xaf90afbd01ee085e28979c126c1890c0b8a570e2
— Payment Deposit (30%) / 0x1b6e0e26f9f61ec9c3b64797f02f66bfc7123860

· Circulating Supply Before Update : 3,200,000,000 KON

· Vesting Plan (Based on UTC) :
Start Date :
06, Dec 2023

— User Compensation Pool : 3 Years From the Start Date
— Partner Deposit : 2 Years From the Start Date
— Payment Deposit : 2 Years From the Start Date

· Token Metrics : https://docs.google.com/spreadsheets/d/1jeFksXTJoszEAvLbGFMJAQdShbA1tZv0/edit#gid=706253083

*This approach aims to stably and controlfully scale the KONPAY ecosystem in accordance with a strategic growth plan that includes the introduction of VISA CARD and expanded services.

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