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πŸ™ Calamari Token (KMA)

We list the basic facts about the Calamari token here:

PropertyValueRemark
Token NameCalamari
Token SymbolKMA
Total Supply10,000,000,000 KMA10 Billion KMA
Decimal121 KMA = 1,000,000,000,000 basic units
Existential Deposit0.1 KMAminimal balance to keep the account alive

KMA Treasury​

KMA token has a governance controlled treasury, which controls the KMA token supply for public good. The KMA treasury address is dmwQify37xfGt1wDhAi8zfvovsAkdK3aD4iqW8dn8nfrsAYsX.

Existential Deposit​

The Existential Deposit is the minimal amount that a user needs to hold in order to keep the account active. For example, if Bob creates an account with zero balance, by default, the account will not appear in the ledger state. Now, if Alice sends Bob no less than 0.1 KMA, then Bob's balance will be added to pallet_balances as part of ledger state. However, if Alice tried to send Bob less than 0.1 KMA, the transaction would be rejected since if ledger the accepted the transaction, Bob will have a KMA balance less than 0.1, which will violate the existential deposit requirement. Similarly, Alice cannot transfer out her balance such that she has less than 0.1 KMA left. She can either choose to leave more than 0.1 KMA or send all the remaining balances and remove the account from the ledger state.

Calamari Token Utility​

As Calamari's native currency, KMA has following major utilities:

  • Existential Deposit. As Calamari's native currency, each single account need to keep a minimal amount of KMA as existential deposit.
  • Extrinsic Fee Payment. KMA is used to pay the fee for every extrinsic, and as a mechanism to prevent DDoS attacks on Calamari.
  • Commission Fee. Commission fee for private payment/private swap.
  • On-Chain Governance: KMA holders can use the token to join the on-chain governance, voting for governance proposals.

Calamari Token Distribution​

KMA follows a community-driven distribution philosophy. The majority portion of KMA tokens will be owned by community members.

Calamari Supply

There is no team allocation; furthermore, there are no private rounds or private investors. The first community distribution is via rewards for community members who contribute to Calamari's first Kusama Crowdloan.