[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

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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