Kittinton Doc
  • 👋Kittinton
  • Introduction
    • 💡What's Kittinton?
    • ✨Our WEB3.0 Definition
  • Genesis NFT
    • 🖼️Kit The Cat PFPs
    • 🖼️PepeByte NFT x Kittinton
  • $KITT Token
    • 🕹️What's $KITT Token?
    • 🪙Tokenomics
    • 🪙Circulation Buyback
  • Virtual Town Kittinton
    • 🏡Virtual Land NFT
  • Roadmap & Development Schedule
    • 🛣️Roadmap
    • 🗒️Development Schedules
  • App Instruction
    • 🎮Control Manual
    • 🖱️User Interface
    • 🖥️Browser Support
  • How to Mint NFTs
    • 📌Manual
  • Technical Details
    • ℹ️Frequently Ask Question
  • Conclusion and Future Perspective
    • 👾Future Development, Working Purpose
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  1. $KITT Token

Circulation Buyback

Checkout Token Supply, Allocation, and Where token's going

PreviousTokenomicsNextVirtual Land NFT

Last updated 1 year ago

We separated the buyback fund in 3 ways

  • 5% from pre-sale fund

  • Buy/Sell Taxes

  • Creator Earns from NFT selling

Why do we use this Buyback System?

$KITT token is the key to creating the ecosystem. It's about the pipeline creation to build the return of benefits for Token and NFT holders.

We spare some amount of funds in all ways. All Funds will be sent to the Buyback Pool stored with ETH to create all the advantages of the project

  • 10-100% of Taxes and NFT creator earnings will go to Buyback Pool

  • 5% will be kept in the Prize Pool to create some campaigns and spared for upcoming features

  • Flexible Use by Community Voting(DAO)

Buyback Process

Step 1

The initial fund we have set will buy back $KITT on dex for volume injection first and the market will set the opportunity itself to create the return of buy/sell taxes

Step 2

Collected Tax will start to buy back NFT first after the launch. The return of NFT is the creator earning about 9.5% of each selling NFT. The fund will go to the $KITT Buyback pool.

Step 3

10-100% of NFT creator earnings will be directed to buy back $KITT on DEX and the above step will be repeated.

Bought back Allocation

All completion buybacks will be sent to the pool and get the community decision to vote for Burn or Keep for some benefit.

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