How it works

Token Cycle

The first $KWIC Token distribution will end exactly 24 months after NFTs start to accumulate $KWIC Tokens, this date has yet to be announced. The $KWIC Tokens that are not claimed or that are spent within the KWIC ecosystem after the first 24 month distribution has ended, will be recycled as below.

• 10% will be absorbed by KWIC

• 90% will be redirected in the following ways Activity & Infrastructure Spending, Token Burn & Remodelled Staking rewards.

KWIC will absorb 10% of the collected supply after the 24 month distribution plan has been completed. This becomes part of the $KWIC Token supply that is owned by KWIC. The other 90% will then be distributed back into the economy using the split mentioned above. This means that KWIC will slowly build up a pool of tokens that can be used to entice new and existing users to be involved in the ecosystem. This is a double benefit because it rewards those who participate, whilst still rewarding those that got in early. Getting this right, there will be considerable desire for people to use their $KWIC Tokens for spending on what's mentioned above, from which we can perform the Token Cycle.