Krakenpad Liquidity Launch

Token launch for a launchpad on BSC; the team plans to provide several dApps in their suite of products including a DEX, farms, lottery and prediction market.

DETAILS

Launch details
- Token will launch on Pancakeswap
- Token pair: KRP/WBNB
- Presale/listing rate: 1 BNB = 5,000 KRP
- Estimated listing price: $0.054
  - Subscription presale was held on Pinksale and lasted for a day (hard cap: 300 BNB; soft cap: 154 BNB)
  - 2353 BNB was raised from the subscription presale
- Estimated initial marketcap: $180,870
- 60% of the presale funds will be added to liquidity
  - ❌ No information on how the remaining presale funds are allocated
- No vesting – 100% of presale tokens unlocked at launch
Tokenomics
- KRP is the governance token
  - Users stake KRP to participate in sale rounds on the launchpad
- Total supply: 5,000,000 KRP
  - 31.9% – Token burn
  - 30% – Presale
  - 17.1% – Liquidity (will be locked on Pinksale 365 days after pool ends) according to Pinksale, 18% – Liquidity according to the whitepaper
  - 10% – Rewards fund (10% unlocks on 2022/11/23, then 10% monthly – lock info)
  - 6% – Development fund (5% unlocks on 2023/01/23, then 5% monthly – lock info)
  - 4% – Marketing fund (10% unlocks on 2022/11/23, then 10% monthly – lock info)
  - 1% – Core team (100% unlocks on 2023/10/23 – lock info)
3% buy & sell tax
- ❌️ No information on where tax goes
Launchpad, farm & DEX can be found on the homepage
- Launchpad also supports Polygon, Ethereum, Aptos & Solana chains
Prediction market & staking are on the roadmap