The $KARRAT token
Last updated
Last updated
$KARRAT is an ERC20 utility and governance token designed to empower gaming and entertainment ecosystems.
Token Contract: 0xAcd2c239012D17BEB128B0944D49015104113650
Token Properties:
Three pillars, Govern, Incentivize and Utilize.
Some call it a pie chart, we call it the $KARRAT cake:
AMGI Studios and My Pet Hooligan are early adopters of $KARRAT. As such, genesis My Pet Hooligan NFT holders will be eligible for a claim on DAY 1. You can check your eligibility on the KARRAT website. There will be 60,000,000 tokens available for this claim, of which on TGE, 10,000,000 will be equally claimable across all 8888 genesis My Pet Hooligan NFTs and also on TGE 40,000,000 will be claimable subject to the metadata attached to these NFTs. The remaining 10,000,000 tokens will be claimable across all 8888 My Pet Hooligan NFTs after 12 months. It is important to note that these 60,000,000 tokens will not be circulating or votable until claimed.
Team & Advisor tokens are subject to 4 year lockups, with the first unlock happening on 13 month anniversary of the token generation event and then monthly unlocks thereafter for the remaining three years. There is a 1.5% unlock for Service Providers upon token generation. Early Contributors are subject to up-to 2.5 year lockups, with the first unlock happening on the 7 month anniversary of the token generation event. Development tokens are subject to up-to 4.5 year lockups, with an unlock of 3% for Development happening at the token generation and the remainder happening starting on the 7 month anniversary of token generation for up-to 4 years. The Foundation Treasury & Resources are pursuant to terms set out in the and are in service of the KARRAT Community. The on-chain governance treasury will reside in a smart contract pursuant to the Constitution of the KARRATco. This is immediately unlocked but not circulating. It is important to note that any tokens above deemed as unlocked, do not constitute circulating or votable tokens.
