AMA recap: Q&A from Kaizen TGE date
On April 21st Kaizen performed the TGE and hosted an AMA to answer the community questions.
When listing? What exchanges? How to unlock? In this article we collected the most intriguing questions and answers about Kaizen.Finance token, platform and listing.
Q1: What is the plan for today?
Today we perform TGE — Token Generation Event! This means that today at 14:00 UTC all the tokens will be distributed among wallets, vesting contracts, and bridges according to Kaizen Tokenomics and cross-chain politics.
All our IDOs, Community, and Pre-Sale participants will receive their locked tokens airdropped on the wallets! All tokens will be distributed and smart contract addresses will be revealed to the community.
At Kaizen.Finance we trust in full transparency in tokenomics so you will be able to check that all tokens are distributed according to the plan.
Q2: When will KZEN be listed on exchanges?
Hence, our tokens are distributed among a lot of networks, especially Ethereum, Binance Smart Chain, Polygon, and Solana.
We want to provide all our users with the same opportunities.
That’s why we prepared the bridges to let you move KZEN tokens across these chains AND prepared the listing on the top exchanges to simplify the process! Will send you the bridge instructions soon.
To be honest, we planned to go live on DEXes today and add CEXes during next month, but because of your numerous demands about CEX listing, we decided to do a massive listing event!
So… Listing will happen at 10:00 UTC on April 26th on PancakeSwap and secret CEX exchange!!!
We can’t announce the exchange name right now, but trust me, it’s going to be big enough!
DEX lovers will be able to move their tokens to BSC and concentrate their powers there. Meanwhile, all CEX users will be able to prepare their wallets and make deposits to their accounts to buy, buy and buy KZEN!
Q3: What options are available before the listing? Can we still stake?
Yep, it’s just some of the amazing news we have for you. Staking opportunities, Kaizen Pass getting, and allocations buying out are still available.
Staking bonuses and conditions will be significantly changed after the listing, so hurry up to get the highest APR and top Tiers on our LaunchBooster while it’s available.
Q4: What new profitable opportunities will be opened after the listing?
First of all, I want to announce the LP staking launch! This is a big event and a top-notch opportunity for all DeFi adepts. No kidding!
Staking of LP tokens will be available for 60, 120, or 240 days with up to 100% APR at your stake. Details will be announced soon.
Also, you will be able to stake KZEN tokens for 3, 6, 12, and 24 months. Staking KZEN tokens will give you additional bonuses in your Tier calculation and provide access to better rounds and bigger allocation in our Kaizen LaunchBooster! (please, check the details here https://t.me/KaizenFinance/352 )
We also will give opportunities to stake locked tokens after listing, but conditions will be a bit worse than before: 6 months — 5%, 12 months — 12%, 24 months — 25% APR.
Q5: Seems like the unlocking of locked tokens is irrational, because I will need much more unlocked tokens to get Kaizen Pass. Do I miss something?
You are right!
We love our early adopters and want to reward them properly, so the conditions associated with the locked tokens will always be the best on the platform.
Nobody will be able to get NEW xKZEN or eKZEN tokens after listing, but existing owners will be able to trade them on kDEX.
Hence xKZEN and eKZEN are burned when unlocked, the total amount of locked tokens will decrease and their value for the ecosystem will rise!
Q6: users ask us “Why should I buy and hold Kaizen tokens?”
You see, both locked and unlocked tokens have multi-level deflation mechanisms.
Projects and individual investors need to buy out tokens from the market to pay for our services and participate in our ecosystem.
Taking into account the long-term vesting schedule and 3 months cliff we definitely can say that we’ve got one of the best price punching mechanics in the industry.
You can find more details here: https://kaizenfinance.medium.com/understanding-the-utility-of-the-kzen-token-e6b33b11971f
Q7: For how long team tokens will be locked? Do the team members plan to sell in the near future?
Team tokens are locked for 48 months because we believe in the platform’s future and definitely gonna stay here for the long term.
No team member is even able to sell tokens due to strict vesting smart contracts, which address will be published in our tokenomics report.
Q8: Do Vesting period starts from today or starts from listing date?
All Vestings timers started Today.
We just combining DEX and CEX listings day into one, Apr 26, 2022, but TGE is today as announced.
Q9: I am checking about dashboard improvements, like personal portfolio page, when will those come out?
You are absolutely right, the most desirable feature, and our tech team is working on it right now! You will see it early next month. We believe you will love it.
Q10: Can you tell us about the kdex platform? Will only locked tokens be sold? Will this platform be priced according to the market?
kDEX is a platform for locked tokens trading only. All the users will be able to trade locked tokens of all the projects listed there and have access to the early rounds! Prices will be defined by the market as a balance between demand and supply.
It’s gonna create a completely new market in crypto and surpass a top-level platform’s trading volume.
Q11: What is your top priorities in 2022. Could you share some plans for the upcoming year.Which part of the project are you most focused on right now and How many killer features of Your project that makes it ahead of its competitors Could you tell us 2–3 future listing?
Kaizen automates and simplifies token launch processes for crypto-projects. We were in great demand in the bull run because of our innovative tools. And we remained popular in the bear market because of our ability to reduce projects’ costs and make the launch more smooth and secure. We proved that we do the things the industry needs.
We have several directions for the development. As an infrastructure part, we are gonna add more networks to support projects in different blockchains. We already support Ethereum, BSC, Polygon, Avalanche, Solana and the plan is to add Fantom, PolkaDot, Terra, Cardano and of course Cosmos.
Second direction is to extend services for projects from NFT, GameFi and Metaverse space including NFT generators and INO support. We truly believe in the big future of Metaverses and the prominent role of NFTs in all of it, that’s why we will do our best for these projects!
Also I think the time has come for automatic market making solutions for DEXes and CEXes, our very own Kaizen DEX (kDEX) for retail and private investors giving access to early rounds locked tokens trading, and new standard — extended secure protocol ERC-20x we’re working on with our partners!
Q12: I’m tier3. what are the benefits of tier4+? what is the ambassador program and project launch discount? also will LP-staking count towards tier power?
Project launch discount means reduced fee for Kaizen Finance services on your demand. This is the way we make CEOs of different companies buy and stake KZEN tokens. Want to be launched by Kaizen? Buy KZEN to get a discount!
The Ambassador program means special bonuses for attracting projects to the Kaizen ecosystem and will be announced soon. It’s gonna be a unique and rewarding opportunity for a closed circle of Kaizen supporters.
Also having a higher tier just provides you with more lottery tickets meaning x2, x4 and x8 chances to get the allocation than at Tier 3.
Q13: Will it be possible to take part in ido without having a Kaizen pass?
Yes! Kaizen is not a Launchpad as others, we are helping projects with tech, and investors with early access to projects. Saying that users always will have a chance to participate in the last FCFS round. Kaizen Priority Pass gives Priority access before others and higher size of allocations. Beside that Kaizen Pass will give access to kDEX.
Q14: Where do I change xkzen for kzen?
You will be able to do it by link https://ido.kaizen.finance/ just before listing. The same link you can use for staking and obtaining rewards.
Q15. Will ekzen and xkzen have the same worth after listing?
Q16. Will ekzen and kzen always be pegged 1:1?
Yes, eKZEN and xKZEN will be always pegged 1:1 to KZEN
At the same time we see value as different. Locked tokens owners are Kaizen early adopters and supporters, so we always will benefit them. You may see it in the Tier system now. More rewards are coming on kDEX, with Referral and Ambassador programs! And you will be able to trade it on kDEX where value could be different.
Q17. When listing?
Listing will happen at 10:00 UTC April 26th on PancakeSwap and secret CEX exchange! We can’t announce the exchange name right now, but trust us, it’s gonna be big enough
Q18. My case: I have 2600 xKZEN, 11527 eKZEN which are equal to 14127. I need 1000 more tokens to get Tier 3. How can I combine my locked tokens with unlocked KZEN ones to generate tier 3? Taking into account that KZEN and x/eKZEN tokens have different(x10) value
There are several ways to do that:
Buy 8730 KZEN tokens and stake it with xKZEN and eKZEN. It will provide you enough of value to obtain Tier 3 and get corresponding bonuses!
Stake your tokens and wait for the staking rewards to get the difference. It’s ~7.5% you can get in less than 6 months
You will be able to buy the necessary amount of locked tokens on kDEX at its launch soon!
