Initial funding for the DAO (which funded smart contract development, digital asset development and seeding for Pioneer Fund I) came from the organization’s three founders.Post the startup phase, the ASDAO Treasury will contain the following types of assets as described in the table below.
KMPL (KiloAmple) is an asset developed by the AmpleSense DAO to help the organization fulfill its mission. Click here to view the kMPL contract. (Earn kMPL | Buy kMPL)
The total supply and distribution of the KMPL ERC20 is 51,000 tokens. More than 93% percent of the supply will be distributed to the community via two liquidity programs called kGeysers and the ASDAO Treasury (by funding products, services and initiatives that benefit the Ampleforth and broader elastic finance community).
To distribute KMPL tokens to the community, ASDAO has launched two liquidity programs: the Zeus and Apollo kGeysers.
The kGeyser smart contracts utilize the audited Geyser contracts developed by the Ampleforth team. No modifications to these contracts were made.
Note: Roadmap shown below is subject to change based on DAO governance and market events.
KMPL tokens will deliver a range of rewards and benefits to holders, including:
The table below outlines the ASDAO budget allocations by percentage of overall Treasury. (These allocations were approved by the DAO Founding team on September 11, 2020 via a Governance Vote. Any changes to these allocations will be subject to another Governance vote.)