The KICKS Token

Description
$KICKS is the governance token for the GetKicks ecosystem. Holders can spend their $KICKS to purchase boosts that amplify their $LACE earnings, and to increase their chance to win higher rarity Kick NFTs when opening KickBoxes. Holders can stake $KICKS and claim their rewards. These rewards include Kick NFT allocations, KickBoxes, and LACE tokens. 
$KICKS is the exclusive currency used on the GetKicks NFT marketplace. 
GetKicks is a community-owned project! $KICKS holders and stakers are able to vote on governance proposals that determine the direction of the GetKicks ecosystem.  
$KICKS Vesting
$KICKS is minted at the token generation event with a max supply of 5.000.000.000. On which the contract address will be made available.
10% of the total $KICKS supply is distributed through pre-sales. This is to provide the GetKicks ecosystem with a well-rounded backbone of strategic investors and communities.
The vesting of this pre-sale pool is subject to a strict vesting schedule. Please see the distribution and vesting page for more details. 
30% of the total $KICKS supply is locked inside the GetKicks treasury.
40% of the total $KICKS supply is dedicated to rewards, these are both move 2 earn rewards.
5% of this reward pool will be distributed pre-TGE through a temporary exclusive free move 2 earn mode. This feature will only be available during the beta version of the app. 
5% is allocated to advisors and partnerships.
5% is allocated to liquidity fund and market-making.
10% is allocated to the GetKicks team
Staking $KICKS  
The synthetic staking model will be made available somewhere after TGE. With this staking model users, will be able to stake $KICKS for $KICKS rewards. Holders can receive an APY boost by holding a Kick NFT in their wallet. Moreover, top sneakers will have their in-game luck increased, and are able to create their own governance proposals for the whole GetKicks community to vote on. 
Burning $KICKS 
Burning $KICKS is an essential mechanism in maintaining its deflationary nature. There is a fixed transaction fee on the GetKicks NFT marketplace and a proportion of this fee is burned. Holders can have their $KICKS burned during attempts to earn higher rarity sneaker NFTs using lower rarity NFTs. $KICKS spent on earning multipliers is also burned. 
Earning $KICKS
$KICKS is a governance token, dedicated to remaining scarce. This is reflected in the $KICKS burning mechanics, and staking incentives. Earning $KICKS is an absolute privilege, reserved for the most dedicated users of the GetKicks Ecosystem. 
The earliest adopters of the GetKicks ecosystem will be able to use an exclusive temporary free 2 move 2 earn mode, in which they will earn $KICKS per step. In order to enter this temporary game mode, users need to be highly engaged in the Get Kicks social channels and consequentially receive an invite code. This is how the first $KICKS will enter the circulating supply before liquidity is added. 
Once users reach level 30, users will be provided with exclusive M2E stamina that allows them to earn $KICKS per step. Users will be able to boost these earnings by spending $LACE.
The GetKicks staking model will allow users to earn $KICKS based on their APY. This APY will be boosted by holding a Kick NFT.
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Tokenomics

Distribution and Vesting

Last modified 19d ago

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