Khuga Labs released the first version of its ecosystem white paper, outlining the structure of its $Koin token, planned utilities and three-phase development roadmap. The document provides insights on Khuga’s wider ecosystem, including its blockchain gaming platforms Miawwhalla and Khuga Rumble Arena.
The white paper details how $koin will act as a core economic asset in Khugaverse, facilitating trading, governance, points and incentives for players. The company also disclosed token science, revealing how 1B token supply is allocated across categories, including ecosystem development, public sales, NFT holders and marketing.
Although Koin’s release date is still not public, Khuga Labs hinted at pre-sale opportunities through social media, suggesting that community engagement may play a role in early visits.
Source: Khuga LabsWhat is Khuga Labs?
Khuga Labs is a blockchain gaming company that has developed a gaming ecosystem called Khugaverse.
It consists of multiple interconnected platforms designed to integrate Web3 technology into interactive experiences. The ecosystem has playable NFTs, market transactions, and a gaming economy built around $koin tokens.
One of Khuga’s key platforms is Miawwhalla, a gaming hub that connects ecosystem elements. Another main title is Khuga Rumble Arena, a multiplayer action game where players can control characters with unique abilities in both competitive and cooperative game modes.
In addition, Khuga Bash, who recently entered the beta test! Add another layer to gaming experience in the ecosystem.
Source: Khuga LabsWhat is Khuga’s $koin token?
$koin is a base token designed to support economic activity in the Khugaverse. It will achieve a variety of purposes, including:
- trade: Players can use $koin for in-game purchases and market exchanges.
- Governance: Token holders will participate in the decision-making process through decentralized governance.
- pile: Users can use $koin to receive rewards and ecosystem incentives.
- Incentive allocation: A portion of the ecosystem income will be distributed to the community.
Khuga Labs outlines how to distribute a total supply of $1 billion:
- Ecosystem development – 37% (release 4% in Token Generation Event (TGE), 3 Months of Cliff, 1 Year of Vesting)
- Public and pre-investors – 30% (fully unlocked in TGE)
- Khuga nft holder – 10% (50% posted on TGE, 6 Month Cliff, 1 Year of Vesting)
- team – 7% (0% of TGE, 1 year cliff, 2 year vesting)
- Ministry of Finance – 6% (0% of TGE, 1 year cliff, 2 year vesting)
- Liquidity pool – 5% (completely unlocked in TGE)
- marketing – 2.5% (TGE is 0%, 1 year cliff, 2 year vesting)
- Community Partnership – 2.5% (33.33% unlocked in TGE, 6 months of cliff, 1 year of vesting)
Khuga Labs has developed a three-phase plan to implement $KOIN in its ecosystem:
- Phase 1: $koin is based on the deployment, initial discharge mechanism and NFT put in the reward.
- Phase 2: $koin utility expansion, including integration into in-game reward systems, market transactions, and use as the primary currency of Miawwhalla.
- Stage 3: Introduce decentralized governance, expansion of incentive allocations, and partnerships with blockchain projects and gaming organizations.
More details about the $koin and khugaverse ecosystem can be found in the official white paper.
