🪙$dKNIGHT Token
Wanna know more about $DKNIGHT token eh?
Last updated
Wanna know more about $DKNIGHT token eh?
Last updated
Dark Knight's token $dKNIGHT being a DEX token has no max supply.
To operate most effectively as a DEX token, it is not meant to be a quick moonshot followed by a damp to the earth core. Enormous fluctuations in price make the ability to generate consistent returns difficult. A slow gradual rise overtime as user adoption & TVL is increased is much more favorable.
In order to assist with this the $dKNIGHT token can & will be minted or bought back and burned in order to control the supply & the price while accounting for farm & pool emissions.
Drawing back to our opening statement- Dark Knight is built for reliable & sustainable yields while providing the highest quality Decentralized Finance (DeFi) experience.
The Initial Launch took place November 27, 2021 & consisted of 1.2 million $dKNIGHT tokens for sale. The raise was $300,000 USDC.
There was a private sale of 200k tokens for $50,000
The presale & private sale initial price was 0.25
Starting supply of $dKNIGHT was 5 million tokens
1.2 million $dKNIGHT tokens were combined to form initial liquidity.
The rest of the initial starting supply was kept for ecosystem needs & Dark Knight treasury
The total raise achieved was 1596.26%
Ticker: $dKNIGHT
Contract Address: 0x6cc0e0aedbbd3c35283e38668d959f6eb3034856
https://ftmscan.com/token/0x6cc0e0aedbbd3c35283e38668d959f6eb3034856
Chain: Fantom Opera (FTM)
EMISSIONS/BLOCK ($dKNIGHT) | EMISSIONS/DAY($dKNIGHT) |
5 (4.1 farming, .9 to dev wallet | 432,000 |
A dynamic amount of $dKNIGHT is also minted at a rate of 9.0%. This means that if 100 $dKNIGHT are minted then 9.0 $dKNIGHT is sent to the Dev Address.
$dKNIGHT sent to the Dev address will be burned once deflationary measures are needed to control overall token amount. 1 block in FTM = 1 second approximately now, 86400 seconds in a day
https://ftmscan.com/chart/blocktime
This is a rough estimate, the actual % distribution of rewards will be found from the addition of all the multipliers down below. The multipliers will occasionally be rebalanced in order to best support the ecosystem, while the token emissions will not.
SENT TO | REWARD/BLOCK (% of emission) | REWARD/BLOCK (total $dKNIGHT) | REWARD/DAY |
Farms | 75% | 3.75 | 324,000 |
Pools | 25% | 1.25 | 108,000 |
On each of the farms & pools you will see a multiplier in this example 60X (shown at the top of the farm). This is just an indicator of how much of the % of the token emissions will go toward a particular farm (pools will be essentially counted as a single stake farm)
To figure out how many $dKNIGHT tokens get emitted to a particular farm the equation is
$dKNIGHT Per Block/ Total Multiplier
Ex) after adding up all of the multiples you reach 165x
(45+60+15+5+40[Pool])
5/165 = 0.03030303X
For a 60X multiplier (dKNIGHT FTM LP)= 0.03030303 X 60 =1.818181 $dKNIGHT per block if the multipliers add up to 165
In this example the dKNIGHT FTM LP farm would be (60/165) x100% = 36.36% of the rewards/block with 1.818181 dKNIGHT emitted per block going to that farm.
To confirm that the circulating $dKNIGHT supply shown on the KnightSwap homepage is correct,
Head to the $dKNIGHT token contract on FTMScan and see how much $dKNIGHT is held by the Burn Address. That's the total amount of $dKNIGHT that's been burned (removed from circulation FOREVER, and impossible to ever retrieve).
Then, subtract this burned amount from the "Total Supply" that FTMScan shows.
This gives you the actual $dKNIGHT supply.
