PROJECT KUMONO FINANCE
ABSTRACT
Decentralized finance or DeFi has been a revolutionary conception of the crypto ecosystem from the development of yearn finance (FYI) which achieved much success in just a short period of listing in 2020. The DeFi crypto market cap is over $110,000,000,000 as at today. Kumono Finance aims to contribute to the DeFi ecosystem with NFT rewards features.
Kumono will help promote popular cryptocurrency concepts to a wider audience. It introduces holders to cutting-edge concepts such as participation rewards, non-fungible tokens (NFTs), decentralized exchanges, and more.
INTRODUCTION
Kumono was founded in 2021 with the intention of being a truly decentralized finance project with 2% tax on both buying and selling. This tax will be collected and distributed to top 20 holder of the $KUMO governance token. $Kumo will be the official governance token for the Kumono ecosystem and will be used for governance for any future development on the Kumono platform.
There will be no more than 100 million $Kumo tokens that will ever exist. There will also be periodic buy backs and burn to reduce the circulating supply. $Kumo will only be on Binance Smart Chain (BSC-20) and can be stored in any BSC-20 compatible wallet. The minting function will be burned after token creation and thus only 100 milion $Kumo token will ever be minted.
KUMONO KEY FEATURES & UTILITY
- KUMO Token
- $KUMO is the official Kumono utility token. It is a BSC-20 token that promotes and fosters quality and organic widespread of the project’s decentralization through unique rewards based on users’ participation in governance to the growth of the project.
• NFTs
- One of the key benefits of Kumono is the fact that top holders and stakers will receive rewards in form of unique NFTs which will give unique privileges.
• Staking
Stakers contribute to the growth and longevity of the project. Lucrative APY will be initiated from start so holders can stake and get rewarded from the ecosystem.
• Lottery
Kumono lottery games are guaranteed for fairness using chainlink VRF (Verifiable Random Function)
TOKENOMICS
$KUMO is the official utility token of Kumono. The maximum supply is 100 million, and some of its decentralized use incentives scheme is one of its major features. An incentive is given to holders’ decentralized wallets for every active user transaction, encouraging a healthy distributed network and community usage. The more actively $KUMO is utilized, the more incentives are given!
The $KUMO Token Smart Contract will be completed by a top-notch security assessment, boosting community confidence and ensuring complete transparency. Kumono is a totally decentralized and community-driven initiative, with numerous supporters continually adding to $KUMO liquidity pools and listings.
OUR VALUES
Kumono is completely decentralized, and is backed by a community of users. Within the community supporters, free, open, and candid communication is encouraged so that everyone interested may be informed and participate in every step of Kumono’s progress! Multiple, self-contained, free group initiatives in development, community self-management, and other areas are greatly encouraged!
The importance of trust in the crypto industry cannot be overstated. This entails complete openness not only in terms of community support and development, but also in terms of any security efforts. Audits of $KUMO’s code is an example of how to greatly decrease the danger of harmful conduct.
ROADMAP
Q4, 2021
. Token creation and Community Mobilization, Private Sale
. Contract Audit
. DEX and CEX Listing
Q1, 2022
. NFT rewards integration
. Kumono DAO
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