Introduction to Kalamint
Kalamint is one of the first curated NFT marketplaces native to Tezos (using the FA2 token standard) where users can mint, sell, buy and auction NFTs.
‘Kala’ represents art in almost all of the languages native to the Indian subcontinent. The brand Kalamint aims to represent art, freshness, and colour in a sustainable way!
Cost-Benefit: Creating, selling, and collecting at a fraction of the cost compared to marketplaces on Ethereum.
Ease of Use: You focus on creation, we focus on making the process of creating seamless for you.
Community Feedback: To make Kalamint the best NFT platform, users should be part of the decision-making process and allow the people that understand this ecosystem best to lead the way. Most of our feature releases are driven by community feedback, and this will be enhanced with the introduction of the DAO in the future.
KALAM Rewards: Certain actions on the platform earn the users $KALAM tokens that can be used for liquidity mining/farming, used as payment on the platform, and for governance.
Rapid verification and onboarding: At Kalamint, we need to ensure that the creator is who they really say they are to combat copyminting on the platform. We try our best to ensure that there is a quick and effective process for creator verification via the information provided during the creator’s application.
Weekly Reward Distribution: The $KALAM governance token will be distributed to artists and collectors of the platform on a weekly basis.
NFT Registry: We value the work that any artist does dearly and try our best to discourage plagiarism or copyright infringement in the platform by employing an NFT Registry. A separate smart contract tracks all the assets minted on Kalamint. Any other platform can read this contract and find what is already minted on Kalamint.
What is $KALAM?
$KALAM is the native platform token and $KALAM token’s primary utilities constitute the following:
- Governance
- Weekly platform token rewards for buyers and sellers who transact on the marketplace, based on their activity during the week
- $KALAM earned can be used to pay any fees on the platform
- Liquidity Mining/Farming
$KALAM utilities include but are not limited to fees, liquidity mining, staking, incentivized platform participation, and community governance.
Token Distribution
$KALAM Token emission
The total supply of Kalamint is capped at 10,000,000 $KALAM.
1,650,000 $KALAM are allocated to seed round investors and private sale.
Tokens worth USD 200,000 were sold at USD 0.45 each at the seed round. The remaining tokens were sold at USD 0.54 each at the private round.
Both early-stage seed round and strategic private sale investor tokens are vested for 12 months with 15% token being unlocked on listing and rest with daily distribution from day 31 for the next 11 months.
4,800,000 $KALAM is allocated for the community in the form of a reward pool.
Total reward pool of 1,600,000 $KALAM distributed to platform participation each year.
This will result in an average emission of 33,333.33 $KALAM per week to platform participants, and 133,333.33 $KALAM every month.
*The weekly platform rewards emission can be revised periodically based on user feedback, changes to the tenure of the rewards (longevity) or other future platform features that may necessitate additional rewards distribution.
A total of 120,000 $KALAM tokens will be distributed to early community members as a one-time airdrop for being the founding members (employees are not considered, in case there are any). 10% will be released at listing and the rest will be distributed daily from day 31 for the next 11 months.
300,000 $KALAM allocated for liquidity provision on listing which will be only used for exchange market pools, both decentralised and centralised.
1,000,000 $KALAM are allocated to the foundation with 24 months vesting for future strategic funding needs, product development and incentives/rewards.
1,750,000 $KALAM tokens are allocated to founders and the team and 0% token will be unlocked until the 6th month. No bulk % token will be unlocked even after 6 months and we will have daily distribution for the next 12 months.
500,000 $KALAM are allocated to advisors with 0% token unlocked until the 6th month. No bulk % token will be unlocked even after 6 months, we have daily distribution for the next 12 months.
Initial Circulating Supply of $KALAM token will be 559,500 i.e 5.595% of the total supply, which is 247,500 from early-stage investors and 12,000 from the founding community members. 300,000 tokens allocated for liquidity provision of exchanges, these tokens will be available on exchanges for the sole purpose of liquidity pool which means they are locked as well.
So effective Initial Circulating Supply is 259,500 $KALAM i.e. 2.625%
The initial market cap of $KALAM will be ~US$402,840
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If you have any questions or doubts, reach out to us at our Telegram Support Channel or our Discord server for help.
Kalamint, a leader of the Clean NFT movement is one of the first marketplaces on Tezos, an LPoS blockchain that consumes a fraction of the energy compared to its power-hungry counterparts. Backed by Draper Goren Holm Ventures, Amesten Capital, Moonwhale Ventures among others, Kalamint is one of the only NFT marketplaces which is truly on-chain, meaning that the data on the chain can never be altered or lost.
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