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Disclaimer: I am a mod in Kaidro’s discord. I do hold aKDR (the pretoken). I am not a paid content creator. I am an active community member. None of these info should be treated as financial advise. This article is purely for educational purposes only. Trade at your own risk. Do your own research.
QUICK INFO
A. Token Generation Event
Date: December 18, 2024, 12:00 UTC
Centralized exchange: TBA, 1 CEX on TGE but 7 exchanges under negotiation
Decentralized exchange: Katana (RoninNetwork )
Total supply: 100,000,000
Estimated circulating supply on TGE: 10-20M which is of 10-20% of total supply. (confirmed by Peggy)
Market capitalization (Mcap): less than 20M (confirmed by Robert)
Fully diluted valuation (FDV): 100-200M , I estimate this to be at most 5-10x Mcap
Allocation
Community Rewards: 35%
Investors: 25% (5% on TGE)
Team: 12% (5% on TGE)
Liquidity: 11% (Not specified how much on TGE) Advisory: 9% (Not specified how much on TGE) Ecosystem Reserve: 4.5%
Marketing: 3.5%
More details in the appraisal part.
B. What is $KDR?
Main utility token for the Kaidro intellectual property that has a myriad of present and future utilities that span across different mediums – anime, manga, physical books, game, NFTs and many more.
C. What is Kaidro?
Kaidro is a multifaceted intellectual property that has an animated series, manga, audiobook, physical merchandise, and NFTs. The lore is set in the post apocalyptic world of T’aljor, a realm shrouded in ancient magic and technological wonders. Think magic and mechs. Learn more here
D. Who are the developers?
Kaidro was created by @pegchung and @Robert_O_Simons CEOs of Gadgetbot productions, a Los-Angeles based production company. They specialize in the following:
- character concept art
- environment concept art
- esports weapons concept art
- 3D game assets (characters and weapons)
- film production and development
- game development
- animation production and development.
Check out their company here:
Read the developers curated tweets here:
https://kaidjoe.github.io/developers
COMPREHENSIVE $KDR TOKEN APPRAISAL
ow let’s try to answer the question, is this token up to any good?
WARNING: this is quite technical. I will update this once I get actual data. All available data will be indicated by a green check mark.
Legend:
✅ Good based on actual values
❌ Bad based on actual values
☑️ Good based on estimates
✖️ Bad based on estimates
⌛️info yet to be determined
For my appraisal I will use the approach used by @joincoinsider in two of his videos about tokenomics. Mastering tokenomics and Token sinks and faucets
We will examine supply-side tokenomics and demand-side tokenomics as well as look at the token’s sinks and faucets.
Let’s begin.
A. Supply-side tokenomics:
1. Maximum token supply
Good rule of thumb is to find a token with either deflationary tokenomics or a maximum supply
✅Total maximum supply of $KDR: 100,000,000
2. Market Cap
Market capitalization = circulating supply x price. Under 100 million or even under 50 or 10 million to get the most upside. Lower market caps have higher gain potential but are unproven and might be risky
⌛️ Actual $KDR Market capitalization (Mcap): TBD
☑️Market cap: just under 20M
👉 Circulating supply: 10-20M $KDR
👉Price = Market cap/Circ supply = $1-2
3. Unit price/Unit bias
Unit bias/price. One thing we should also look at is the starting price of the token. This is called the unit bias. This is the psychological phenomenon that explains why it feels better to own 200 000 dogecoins rather than 0.26 Bitcoin. People want to own more of a whole number.
⌛️unit price of $KDR: TBD
✖️ At a price of $1-2 it may not fulfill the unit bias advantage.
4. Fully diluted valuation (FDV)
an important metric to look at is FDV or fully dilated valuation. FDV = max supply x price. Good rule of thumb: FDV should be less than 10x current market cap. Sometimes a Project’s team may play Shady games with their tokenomics to try to trick investors who don’t know better what they’ll do is release a small percentage of their tokens into circulation so their market cap looks reasonable but they’re fully diluted valuation is massive like 10 times larger
⌛️FDV of $KDR = TBD
☑️ at $1-2 price and a total supply of 100M. The range of FDV will be 100M to 200M
Assuming that mcap will be a little less than 20M say 18-19M, FDV should be 5-10x current market cap. With solid sinks in place and a community who spends on product, it should not be hard for kaidro to grow into this FDV.
5. Volume to Market cap ratio
Look for high volume to market cap ratio to make sure the market cap number we see is reliable and legit. Rule of thumb: Anything above 0.001 for that ratio is good
⌛️Volume to market cap of $KDR = TBD, would be available on trading day
6. Token distribution
Rule of thumb: widely distributed and not dominated by VCs. Vesting schedule should be spread across a longer time frame and not that aggressive.
Kaidro’s vesting schedule is non-aggressive with higher allocation to the community overall at TGE. The cliff freezes vesting till after 1 year post TGE to avoid dumping.
✅Allocation of $KDR
Community Rewards: 35%
Investors: 25% (5% on TGE)
Team: 12% (5% on TGE)
Advisory: 9% (Not specified how much on TGE)
Liquidity: 11% (Not specified how much on TGE)
Ecosystem Reserve: 4.5%
Marketing: 3.5%
✅Vesting:
for investors and team it’s 5% on TGE, Unlock every 3 months.
1-year cliff from TGE (no vesting for a period of 1 year after TGE)
4 years vesting period
💧Two faucets (producers of $KDR)
📋Synergy leaderboard – lock up 3NFTs and yield points. At the end of the month get $KDR in proportion to your points. The more people join synergy the lesser the overall rewards. This will be the main source of emissions.
🎮Game leaderboard – we tested this in the last alpha playtest. This could be one of the emitters in the future but won’t be as large as synergy leaderboards.
B. Demand-side tokenomics:
Demand side tokenomics refers to all the parts of a cryptocurrencies designed that impacts demand for a token.
Rocket ship = strong utility + healthy speculation.
Juicy financial incentive built into utility but it has to be sustainable
For Gamefi. fun + utility > cost of the sink.
1. Good token sinks/utility
Basically the project has to create a convincing enough product that people would want to spend on. This should be easy for a team as experienced as Gadgetbot as game assets are their specialty.
✅$KDR Sinks/utility
- NFT with a Leaderboard that gets you a producer role in the animated series. Possible with $KDR lockups or burns?
- NFT marketplace
- Purchase in-game currency
- Purchase Battle Passes
- Purchase exclusive items in-game
- Purchase the manga/books
- Converting in game assets to NFTs
- NFT purchases
- Weekly fee for NFT lockups that produce more KDR
- More to be determined.
✅ $KDR and NFT SINKS IN ACTION
A. NFT mint – Just this last month, 1% of the pretoken alpha $KDR supply was utilized by the community to purchase it’s 3rd NFT the Pilots. A lot of community members already expressed desire to lock up $KDR in the future for the producer role. This tells us that the community is willing to spend $KDR for kaidro’s products
B. Synergy payments – From a period of 1 month around 4851 transactions were made burning various amounts of alpha-$KDR. Although that is less than 0.001% of community allocation, this accumulate and would be significant in the long term. The team can easily increase fees to increase burning.
C. NFT burn – just after its release. Kaidro initiated an NFT burn event which led to the significant decrease in NFT supply. This translates to even lower emissions by $KDR.
2. Healthy allocation for growth
it impacts demand indirectly. Growth initiatives like influencer marketing, Community Rewards or airdrops do help generate demand most of the time
✅ Community Rewards, ecosystem reserve and marketing constitute 43% of total allocation. This ensures that 43% of the tokens will be used to generate even more demand thru various means mainly token airdrops for the community.
3. Financial and other incentives
Offering direct financial incentives to hold a coin or token one great example of this is the GMX decentralized exchange with its GMX token they distribute 30% of the protocol fees to stakers of their token. 70% goes to liquidity providers this generous profit share incentivizes people to buy and hold their tokens for the Long Haul
⌛️as of now, no details yet are revealed as to whether $KDR will have a staking protocol.
✅ However, they did reveal another incentive that could potentially bring a good incentive – producer role. It was teased that you need to lock up the pilot NFT and stake/burn/pay $KDR. You will then be awarded various producer titles for the upcoming animation whether or not this eventually leads to financial incentives is not clear.
This will however encourage token holders who truly believe in the project to hold the token for the long haul and could act as a massive temporary sink.
C. Other non-measurable but important factors
How is the team’s marketing and communication skills?
The team has demonstrated countless times that they value community overall which in effect birthed a strong loyal community. I have personally seen how they value community feedback with some of the major decisions. They’ve also shown how they quick they are to communicate and solve problems that arise in the community. Just hang around discord and you will hear anecdote upon anecdote of how well the founders have treated the community.
One beautiful anecdote, out of countless others, was one made by @mattaxie read it below.
On top of this, a new cinematic trailer will be available along side the token generation event. If kaidro’s prior trailer is any indication, then we will expect maximum FOMO from people watching that trailer.
How energetic and loyal is the community?
🤼On April 9, 2024, the community minted its first NFT for 50 RON when RON was at its all-time high of $4. Over the course of 7 months, BTC dropped by 5%, ETH by 26%, and RON plummeted by 58%. Fear and uncertainty were at their peak.
Despite this, kaidro’s community pushed Kaidro to achieve new milestones
NFT volume reached an all-time high.
Made 3,011,371 overall transactions from just an average of around 1,500 wallets, most of which occurred over the last two months.
Spent 4,030 RON on gas fees for just one product: THE SPIN WHEEL.
NFT ownership of the Sparksuit NFT was maintained at 41% despite market conditions.
🔥Actions speak louder than words, and nothing speaks louder than the kaidro community. The community participated in an NFT burning event in exchange for $KDR. So far we’ve already burned
❤️🔥26% of Sparksuits NFTs supply
❤️🔥19% of Spirit Guardians NFTs supply
❤️🔥27% of Pilots NFTs supply
Check out the dune analytics here by @0xmilyu
Conclusion
The $KDR token, within the context of the Kaidro IP, shows promising signs of both good supply and demand-side tokenomics. The project’s highly capable team, approach to token distribution, coupled with a vibrant and active community, suggests potential for growth and stability. However, as with any investment, especially in the volatile crypto and NFT space, there are inherent risks. The token’s success heavily relies on the execution of the project’s roadmap, the quality of the deliverables, and the ability to maintain and grow community interest. While the foundation seems solid, investors should remain cautious and consider the long-term commitment of the team and the sustainability of the utility provided by $KDR.
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