Kehnobi Token
- The Kehnobi Token (KNB) is a utility token, issued on the Stellar, that gives Kehnobi Customers ("Advocates") a tokenized share of influence on our decisions and services.
- Stellar is a blockchain-based open network. The biggest platform by daily transactions, transparent, reliable and widely used for storing and moving money.
- KNB is mainly used for the following:
- Purchasing: KNB can be used to pay for the products.
- Rewards: KNB holders can earn rewards.
- Governance: KNB holders can vote via smart-contracts on various contract-binding "Advocate" polls published by Kehnobi.
- Interest: KNB holders will be able to earn interest or dividends*.
- KNB has a total token supply of 20,000,000 of which 1,000,000 will be initially distributed among the first customers from the moment of launch until £1M in sales. The remaining tokens are held by KNB and can be acquired by participating in advertising campaigns, earned when making purchases on kehnobi.com as well as by purchasing directly on exchanges.
Key metrics
| KNB | |
|---|---|
| Token Type | Stellar |
| Launch Start Date | May 1st 2021 |
| Launchpool Allocation | 1,000,000 KNB (5.00%) |
| Total Token Supply* | 20,000,000 KNB |
*The KNB total token supply of 20,000,000 may decrease due to future operational plans of Kehnobi (i.e. token buyback).
1. What is Kehnobi Token (KNB)?
Our story is an example of how technology can be applied to the fashion industry to achieve a more sustainable future.
The Kehnobi Token (KNB) is a utility token that gives Kehnobi customers a tokenized share of influence on Kehnobi decisions. It allows us to optimise the efficiency of our production and minimise overstocking issues, greatly improving the sustainability of the manufacturing process.
KNB tokens are linked to the value of our garments, or more precisely the real value behind the garments. When a customer makes a purchase of a Kehnobi product, we credit them with a particular amount of tokens relative to the total amount of their purchase. These tokens can later be exchanged for other products or services.
Because every token we create is backed up by the value of the garment and the money the customer paid for the garment, this differentiates the KNB token against the many other blockchain based tokens on the market.
For KNB token holders it serves as a membership key that allows users to obtain exclusive rewards, products, services, and more. KNB token holders can vote via smart contract on various "Advocate decision" polls published by Kehnobi. Kehnobi is contractually bound to act according to poll results. Token holders can interact with our platform and earn rewards, including:
- Exclusive products;
- Cashback offers;
- Bonuses;
- Digital badges;
- Specific NFTs;
Future KNB token utility includes:
- Spending KNB tokens to purchase products and services.
- Access in partnered applications/sites.
- Staking KNB for NFT rewards.
- Pure Collectibles (rare aesthetic assets).
- Real-world Utility (NFTs whose ownership signifies real-world ownership of unique garments).
2. Economics and supply
2.1 Token allocation
KNB has a total token supply of 20,000,000 of which 1,000,000 will be initially distributed among the first customers from the moment of launch until £1M in sales. The remaining tokens are held by KNB and can be acquired by participating in advertising campaigns, earned when making purchases on kehnobi.com as well as by purchasing directly on exchanges.
2.2 KNB token release schedule
The KNB tokens held by Kehnobi has a monthly linear vesting schedule of 3 years, of which 3,000,000 KNB tokens will be released per year, starting from April 2021.
3. KNB's community overview
Kehnobi will continue their efforts to promote and embed the KNB tokens in Kehnobi's digital marketing strategy, and partner projects. Current community growth strategies for the Kehnobi Token include:
- Continuing to develop governance voting polls for token holders.
- Constantly engaging with the community on social channels.
- Publishing articles relating to the KNB token via mainstream media outlets.
Future community growth strategies for the Kehnobi Token include:
- Staking KNB to acquire exclusive Kehnobi NFTs.
- Integrating KNB in the Kehnobi partner applications.
- Leveraging Kehnobi customers to promote the KNB token.
- Launching regular promotions to win products, and exclusive experiences for token holders.
Our Limited Launch Promotion
During this promotion, until we hit £1M in sales every customer who made a purchase gets KNB Tokens to the value of 100% of the order cost.
Please be aware of delivery times. We only carry limited stock therefore due to demand there may be extended delivery times for the items available as part of the limited launch promotion. Although we make all garments in Europe, from EU made materials, it still may take up to 6 weeks to produce and dispatch them (average time 3 weeks).
As soon as we get over £1M in sales, customers will earn KNB tokens for every day of waiting for their products to be dispatched. Based on the maximum possible 6 weeks dispatch delay. This means that if a customer waits for 6 weeks (42 days) for a product to be dispatched, they will receive KNB tokens to the value of the full product cost.
Token Distribution
We have issued only 20M KNB KNB Tokens on the Stellar platform which we distribute from the following wallet:
With every purchase we transfer KNB Tokens to the following account:
This wallet shows how many sales backed with Tokens we have processed. All customers who request to transfer earned tokens to own Stellar account will receive them from this account.
*The information in this section is subject to a future extension of the KNB Token Policy .