An IEO (Initial Exchange Offering) is where a cryptocurrency exchange oversees the token sale. The benefits are clear: blockchain projects go through a comprehensive vetting process where their white paper is scrutinized, and their crowdfunding drive will also get publicity.
Many investors tend to find IEO platforms more appealing because there’s a greater level of due diligence than what’s seen with an ICO.
For example, Binance Launchpad is one of the trading platforms that aims to deliver innovation and bring IEOs to the crypto market. The platform has helped more than a dozen blockchain projects raise capital since launch.
Kaafila (KFL) is a new video sharing platform, built using blockchain technology. Using this video sharing platform, Kaafila (KFL) aims to provide useful content and learning resources, along with courses, tests, certifications, and internships, to a wide range of users of different age groups, from school children to working professionals, to help in their careers.
We are launching our IEO on VinDAX exchange which has a daily volume of over $140 million listing over 110 markets with over 78 cryptocurrencies listed
Kaafila (KFL) token has a total supply of 100 billion with just 20 billion circulating supply with over 8500 holders despite just one listing on the Tinyman DEX on the algorand blockchain alone.
The anticipated utility is massive as it aims to rival giant video sharing platforms by using our blockchain technology platform for delivering quality education (mostly free or at very low cost) to students/youth worldwide — so that anybody can learn and earn, irrespective of their present economic condition — and we will reward merit/performance with awards, scholarships, internships, and jobs. We want to encourage individual content creators, in all industries/niches, with best possible rewards for their content.
Here is our tokenomics:
KFL tokens will be released on a four-yearly “halving schedule”, to ensure enough supply of tokens to reward future efforts to maintain and grow the Kaafila project. This gradual token release schedule has been adopted from Bitcoin, which has demonstrated clear benefits of limited and controlled supply of tokens over a long period of time.
Tokens Released & Timeframe:-
50% tokens will be released in first 4 years - 2021–2025
25% tokens will be released in next 4 years - 2025–2029
12.5% tokens will be released in next 4 years - 2029–2033
6.25% tokens will be released in next 4 years - 2033–2037
3.125% tokens will be released in next 4 years - 2037–2041
96.875% tokens will be released in 20 years - 2021–2041
Token Release Mechanism:
- Total 100 billion tokens (pre-mined, maximum total supply). 80 billion tokens frozen.
- Tokens will be released from their frozen state by User effort and Team effort. So it’s the effort of Users and Team members that releases tokens from their frozen state, and this effort may be considered the equivalent of mining.
- Some of the released tokens may then become available to Investors for buying through exchange/swap sites, when Users or Team Members put their tokens for sale. The participation of Investors will help liquidity and price stability for tokens, and benefit all stakeholders of the project.
- More Info: https://vindax.com/project/618cb53cf4daee5d9089d3f0.html
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