Wanna know more about $KNIGHT token eh?
To operate most effectively as a DEX token, $KNIGHT has no max supply. KnightSwap's DEX token $KNIGHT 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. Instead, a slow gradual rise overtime as user adoption and TVL is increased is much more favorable.
The $KNIGHT token can be minted or bought back and burned, facilitating control over the supply and the price while accounting for farm and pool emissions.
Referencing back to our opening statement: KnightSwap is built for reliable & sustainable yields while providing the highest quality Decentralized Finance (DeFi) experience.
Initial $KNIGHT supply- 4 million tokens
Initial starting liquidity $KNIGHT supply: 1.5 million tokens
Ecosystem incentives $KNIGHT supply: 500,000 tokens
IWO $KNIGHT supply: 2 million tokens
- The IWO took place on November 2nd, 2021.
- The total raise of $500,000 BUSD at $0.25 per $KNIGHT was oversubscribed by 643.35%.
The IWO took place on November 2, 2021 & consisted of 2 million $KNIGHT tokens for sale. The raise was $500,000 BUSD, making the initial price of KNIGHT $0.25. The total raise achieved was 643.35%
Chain: BNB Chain (BEP-20)
Being a DEX token there is no tax associated with the token
This means that if 100 $KNIGHT are minted, 91 $KNIGHT are distributed to farmers and 9 $KNIGHT are sent to the Dev Address.
BNB Chain average block time is 3 seconds but can vary based on congestion. You can check the BNB Chain block times below.
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.
On each of the farms and pools, you will see a multiplier. In this example, 60X (shown at the top of the farm). This is just an indicator of what % of the token emissions will go toward a particular farm (the $KNIGHT pool will be counted as a single stake farm).
To figure out how many $KNIGHT tokens get emitted to a particular farm the equation is:
($KNIGHT Per Block/Total Multiplier) x Farm Multiplier.
Let's walk through an example.
Current sum of multipliers: 45+60+15+1+5+2+2+2+2+1+1+.75+1+.5+1+30 = 169.25X Emissions per multiplier: 10/169.25 = 0.05908.
For a 60X multiplier (KNIGHT BNB LP): 0.05908x60 = 3.5448 $KNIGHT per block.
To confirm that the circulating $KNIGHT supply shown on the KnightSwap homepage is correct,
- 1.Head to the $KNIGHT token contract on BscScan and see how much $KNIGHT is held by the Burn Address. That's the total amount of $KNIGHT that's been burned (removed from circulation FOREVER, and impossible to ever retrieve).
- 2.Then, subtract this burned amount from the "Total Supply" that BscScan shows.
- 3.This gives you the actual $KNIGHT supply.