Khuga Labs has officially published the first version of its ecosystem whitepaper, outlining the structure and utility of the $KOIN token. The document provides a comprehensive overview of the token’s role within the Khugaverse, detailing its integration into gaming mechanics, marketplace transactions, and various web3 functionalities. In addition to tokenomics, the whitepaper covers key elements of the Khuga ecosystem, including Miawwhalla, Khuga Rumble Arena, and other related projects.

Khuga Labs Logo and Key Art 1

About Khuga

The $KOIN token is a Base-powered cryptocurrency designed to support the Khuga ecosystem by enabling in-game transactions, trading, and broader web3 features. It is intended to serve as the primary currency within the Khugaverse, allowing users to engage in economic activities across multiple platforms. By integrating $KOIN into all products developed by Khuga Labs, the ecosystem aims to create a seamless and interconnected experience for players, NFT holders, and partners.

Beyond its use in gameplay and transactions, the token will have additional functionalities such as governance, staking, and incentive distribution. The whitepaper states that a portion of the ecosystem’s revenue will be allocated back to the community in the form of $KOIN rewards. Players will be able to utilize the token for in-game purchases, marketplace exchanges, and unlocking access to ecosystem services, further solidifying its role in the Khugaverse.

Khuga Labs Roadmap

Tokenomics and Distribution

The total supply of $KOIN is set at one billion tokens, which will be distributed across various categories to support the ecosystem’s growth. The largest allocation is designated for the Khugaverse ecosystem, followed by allocations for presale and public distribution, NFT holders, the development team, the project treasury, liquidity pools, marketing efforts, and community partnerships. Each category follows specific unlocking conditions, including vesting periods and cliffs, ensuring a controlled release of tokens to maintain long-term sustainability.

The presale and public allocation accounts for 30% of the total supply, with full unlock at the Token Generation Event (TGE). NFT holders will receive 10%, with 50% unlocked at TGE, followed by a six-month cliff and a one-year vesting period. The Khugaverse ecosystem allocation comprises 37% of the total supply, with an initial 4% unlocked at TGE, a three-month cliff, and a one-year vesting period. Other allocations, including team and treasury tokens, follow varying vesting schedules to align with ecosystem milestones. The liquidity pool allocation, set at 5%, will be fully unlocked at TGE, ensuring sufficient liquidity for early adopters.

Exclusive Details on Khuga Labs Roadmap and Whitepaper

Roadmap and Future Development

The $KOIN token roadmap is structured into three distinct phases, focusing on token deployment, ecosystem expansion, and governance integration. The first phase emphasizes the launch of the token and the introduction of staking mechanisms. NFT holders will be able to stake their assets to earn rewards, while token holders will have access to initial staking opportunities.

The second phase centers around expanding the token’s utility across multiple games within the Khuga ecosystem. This includes implementing $KOIN as the primary in-game currency for Khuga Rumble Arena and Khuga Bash! and introducing in-game rewards. Additionally, the token will be integrated into Miawwhalla, a gamified hub designed to connect the entire Khugaverse and facilitate economic interactions between players and platforms.

The third and final phase will focus on governance and further ecosystem development. Khuga Labs plans to introduce decentralized autonomous organization (DAO) governance, allowing the community to participate in decision-making processes. The project also aims to expand incentive distribution models, explore media and merchandising opportunities, and establish partnerships with blockchain projects and gaming guilds to further enhance the ecosystem.

Khuga Labs Newest Game

Final Thoughts

The release of the $KOIN tokenomics and ecosystem whitepaper marks a significant step for Khuga Labs in shaping the future of the Khugaverse. With a structured token distribution model, defined economic utility, and a multi-phase development plan, the project aims to create a sustainable and rewarding ecosystem for its users. While the exact date for the TGE has not yet been disclosed, the whitepaper provides detailed insights into the token’s role, use cases, and long-term vision.

For those interested in learning more, the full ecosystem whitepaper is available for review, covering additional details about Miawwhalla, Khuga Bash!, Khuga Rumble Arena, and the Khuga NFT collection. A beta test for Khuga Bash! was also launched last month, indicating continued progress in the development of the ecosystem.

Source: PlayToEarn