Knit.Finance Token Metrics

Hello Knit.Finance Members,

The DeFi market is growing massive, and its market cap is increasing with more than $3.3 billion locked in it everyday. Such rapid and notable growth has attracted many potential investors and crypto enthusiasts. And to enhance the experience of those DeFi investors and users, Knit.Finance has come up with its cross-chain wrappers for the top multi-class assets.

We are thrilled to share that Knit.Finance is growing big with its everyday learning and achievements as the first wrapped protocol for creating cross-chain wrappers for the top multi-class assets on Polkadot. With the accomplishments, our community support is also expanding at breakneck speed. Knit’s SEED SHO is also live now on DAO Maker, where our community members have shown great interest through their participation.

With so many things happening at Knit.Finance right now, our excitement has doubled, and we could not wait but release this insightful article to explain the Knit token metrics. Check out this doc to delve deeper to understand the financial insights of Knit.Finance better.

Token Metrics

Knit.Finance Token distribution and lock-ups is designed in the simplest way for better comprehension of the users. Here’s a detailed token metrics:

Ticker:

KFT

Blockchain Network:

Ethereum

Token Supply:

100,000,000

Project Valuation:

$9,250,000

Initial Token Circulation:

8,875,000

Initial Market Capitalization:

$820,938

Total Raise (All Rounds):

$1,646,500

Platform Raise:

$145,000

Private Funding Round

Fundraised:

$999,000

Price:

$0.074

Lock-up:

20% at the TGE, then 20% on quarterly basis

Strategic Funding Round

Fundraised:

$370,000

SEED SHO:

$145,000 + $5,000 Community Round

Price:

$0.0925

Lock-up:

20% at the TGE, then 20% on quarterly basis

Personal cap:

$500

Public Sale

Fundraise:

$277,500

Price:

$0.0925

Lock-up:

Unlocked

Token Distribution and Release Schedule

The token distribution and release schedule has been carefully planned and crafted to kickstart token liquidity by ensuring sufficient incentives for the platform users:

• Strategic Round: 4%
• Private Round: 13.5%
• Public Sale: 3%
• Foundational Reserve: 14%
• Advisory Board: 5%
• Team: 10%
• Partnership: 9%
• Marketing: 5.5%
• Building Asset Reserves: 16%
• Liquidity: 20%

We have successfully raised $370,000 in our strategic funding round and $999,000 in a private funding round. With such significant achievements, we’ve now proceeded to our SEED SHO program on DAO Maker. A total of 290 lucky winners can win their share from a reward pool of $145,000 + $5,000 $KFT.

Knit.Finance believes in a high level of transparency. With this idea in mind, we are rolling out this informative token metrics guide to understand Knit $KFT metrics and distribution better. We have received enormous love and support from our community and hope for the same to continue throughout our journey.

Feel free to ask any question you have in mind regarding Knit token metrics and distribution plan or any other related points. Tag us in the chat box below or email us at <> to learn more about Knit.Finance.

About Knit.Finance

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top assets. It delivers all-chains bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s k tokens. Making Assets which weren’t available before to trade on the chain you love in a secure and easy manner.

Join our social channels for more:

Telegram: https://t.me/KnitFinance

Twitter: https://twitter.com/knitfinance