🇺🇲Issuance Plan(EN)

■ About KON

The payment service provided by KONPAY can be used by downloading the wallet app (iOS and Android)

· Name : KONPAY

· Ticker : KON

· Total Supply: 3,200,000,000 KON

· Contract address : https://explorer.konwallet.com/address/0x716c2ECca2cD5f42B20D52417A321ce3b76d3a0c

· Network : KON

■ KONPAY Coin Distribution

The KON COIN used in KONPAY's network is created with a total of 3,200,000,000 tokens at the same time as the network launch, and the coin distribution ratio and plan are as follows.

· Marketplace Liquidity Supply Pool (30%)

· User Compensation Pool (10%)

· Partner Deposit (15%)

· Payment Deposit (30%)

· KONPAY Operation & Marketing (10%)

· Advisors (5%)

(1) Marketplace Liquidity Supply Pool (30%)

As a stockpile to provide transaction liquidity in the KONPAY marketplace, it may temporarily rise or fall depending on the trading volume, but the specified 15% value will be maintained at a 50:50 ratio in KONPAY and KRW respectively.

(2) User Compensation Pool (10%)

It is a designated deposit to pay a certain amount of KON as a reward for participating in the platform ecosystem to all users who use the transaction and remittance service in KONPAY. The time when all designated deposits are exhausted may vary depending on the transaction volume, but it is expected to be 3 to 10 years from the start of the service. In order to prevent temporarily large quantities from being circulated in the market due to excessive promotions, detailed information about the distribution quantity and unlocking will be made available through a separate announcement.

(3) Partner Deposit (15%)

KONPAY will continue to collaborate with various strategic partners to spread the platform's payment network, and partner deposits can be used for airdrop-type promotions or marketing purposes to continue projects with future partners.

(4) Payment Deposit (30%)

KONPAY is applying a 5% discount rate when paying with KON COIN to expand the network, attract affiliates, and do commission work through blockchain. As a result, in preparation for many payments made with KON COIN, we plan to operate a payment deposit so that merchants do not suffer losses from KONPAY price volatility at the time of settlement and payment. Therefore, the price volatility is reduced by converting the price into KRW that matches the value of KONPAY at the time the payment is approved, and the KONPAY is sold to users who want to purchase KONPAY again. Also, in the future, participants in charge of settlement at KONPAY will also be able to have their own payment deposit by specifying in the contract the provision of depositing the payment deposit in KONPAY's payment deposit pool. After settlement in Korean won, the deposit will be maintained in a 50:50 ratio between KRW and KONPAY, which corresponds to the existing holdings, so that the liquidity of the settlement deposit will be continuously maintained even after settlement.

(5) KONPAY Operation & Marketing (10%)

The operating budget consists of initial talent recruitment and business operation expenses for actual operation and business promotion of KONPAY, and then it will create profits by establishing its own business model.

(6) Advisors (5%)

From the initial planning stage, KONPAY has sought technical advice and advice for using the blockchain payment system in real life from experts in various industries. And in the future, in order to launch and further develop the service, the network intends to cooperate and consult with them for a long time, so a portion of the total issuance has been allocated to them.