🐙 Calamari Token (KMA)
We list the basic facts about the Calamari token here:
|Total Supply||10,000,000,000 KMA||10 Billion KMA|
|Decimal||12||1 KMA = 1,000,000,000,000 basic units|
|Existential Deposit||0.1 KMA||minimal balance to keep the account alive|
KMA token has a governance controlled treasury, which controls the KMA token supply for public good. The
KMA treasury address is
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
KMAas existential deposit.
- Extrinsic Fee Payment.
KMAis 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:
KMAholders 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.
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.