diff --git a/source/token/features/liquidity-bootstrapping.rst b/source/token/features/liquidity-bootstrapping.rst index de6f37b..c050ce0 100644 --- a/source/token/features/liquidity-bootstrapping.rst +++ b/source/token/features/liquidity-bootstrapping.rst @@ -1,31 +1,30 @@ Liquidity Bootstrapping ======================= -.. warning:: - Please make sure you completely understand this section - before buying any Kenshi tokens. +.. note:: + The liquidity bootstrapping process was completed in January 2022. The Kenshi liquidity pool on PancakeSwap differs a little bit from other liquidity pools on the same DEX. We have added a functionality similar to -what the Balancer LBP does, but we've implented it off-chain, and on top +what the Balancer LBP does, but we've implemented it off-chain, and on top of the existing PancakeSwap liquidity pools. This allows us to have a higher price for the token at the start, and have a bigger liquidity in the pool over time, which in turn helps us stabilize and control the price. -This feature is implented off-chain because we couldn't find any currently +This feature is implemented off-chain because we couldn't find any currently existing DEX on the BNB Chain offering a similar service. We will have this feature on our own DEX once we launch the Kenshi DEX project. How does it work? ----------------- -At IDO, we pair 20% of our tokens with a specific amount of BNBs. This -defines the inital price of the token. The 80% remaining tokens are +At IDO, we pair 20% of our tokens with a specific amount of BNB. This +defines the initial price of the token. The 80% remaining tokens are locked in the smart contract. -Every time a trade happens and removes some tokens from the liquidity pool, +Every time a trade occurs and removes some tokens from the liquidity pool, an oracle reacts to the event by injecting the same amount of tokens back to the pool to keep the amount of Kenshi tokens in the pool a constant. @@ -35,15 +34,15 @@ an overall positive trend for the price. Once all tokens are injected into the pool, the token price goes up at a normal rate, just like any other token. This whole process can be viewed as a purchase -tax where a small fraction of the BNBs used for a purchase are used to *balance* +tax where a small fraction of the BNB used for a purchase are used to *balance* one side of the liquidity pool in favor of the other. .. note:: - Interested in purchasing this oracle for your own token? Use `this form`_ to - submit a request, we'll contact you as soon as possible. + Interested in purchasing this oracle for your own token? `Contact us`_ and + we'll contact you as soon as possible. You can check out the documentation for our `Liquidity Bootstrapping Oracle`_ if you want to learn more about this. -.. _`this form`: https://kenshi.io/liquidity-bootstrapping -.. _`Liquidity Bootstrapping Oracle`: ../services/lbp.html +.. _`Contact us`: mailto:inquiries@kenshi.io +.. _`Liquidity Bootstrapping Oracle`: ./services/lbp.html diff --git a/source/token/features/reflections.rst b/source/token/features/reflections.rst index 54c968f..833f069 100644 --- a/source/token/features/reflections.rst +++ b/source/token/features/reflections.rst @@ -3,3 +3,8 @@ Reflections Reflection is the act of distributing a percentage of each transfer to the holders, as a reward for holding the token. + +Holders will receive these on each transaction and can check the amount +received on the Kenshi `tools`_ page. + +.. _tools: https://kenshi.io/tools \ No newline at end of file diff --git a/source/token/features/variable-tax.rst b/source/token/features/variable-tax.rst index 35af83c..70be1eb 100644 --- a/source/token/features/variable-tax.rst +++ b/source/token/features/variable-tax.rst @@ -1,13 +1,15 @@ Variable Tax ============ -Since Kenshi is an investment token, holders promise to hold onto their -tokens for at least 30 days, otherwise they will face a fine. This fine -is added to the `5% base tax`_ to make up the variable tax rates. -The fine is calculated logarithmically with the amount decreasing as -we move further away from the date of purchase. +Since Kenshi is an investment token, holders will face a fine if they do not hold +onto their tokens for at least 28 days. This fine is added to the `5% base tax`_. +The fine is calculated logarithmically with the amount decreasing as days progress +further away from the date(s) of purchase. + +Holders can see what their current and future sell tax is on the Kenshi `tools`_ page. .. _`5% base tax`: ../tokenomics.html#tax +.. _tools: https://kenshi.io/tools .. warning:: diff --git a/source/token/guides/buy.rst b/source/token/guides/buy.rst index 2b9d0e2..f6b14f0 100644 --- a/source/token/guides/buy.rst +++ b/source/token/guides/buy.rst @@ -1,4 +1,4 @@ -How To Buy +How to Buy ========== 1. Read our documentation @@ -7,14 +7,14 @@ How To Buy We’re recommending anyone interested in Kenshi spend some time going through our documentation. Kenshi isn’t a token made for day trading, it’s a token that we advise to hold at least for a month -To avoid any surprise, make sure you understand the doc before going to the next step. +To avoid any surprises, make sure you understand the docs before going to the next step. -If you have any questions, ask them directly on our telegram group! Don’t be shy, we’re friendly +If you have any questions, ask them directly on our Telegram group! Don’t be shy, we’re friendly! 2. Get a wallet --------------- -If you don’t already have one, metamask_ is recommended for desktop, they have an extension for almost every web browser. +If you don’t already have one, Metamask_ is recommended for desktop, they have an extension for almost every web browser. `Be sure to keep your secret phrase in a secure place and offline!` Ideally use a hardware wallet, Metamask supports a range of these. @@ -30,9 +30,12 @@ To buy BUSD, visit Binance_ or Moonpay_ You’re finally ready to purchase some Kenshi! -Go to PancakeSwap_, connect your wallet, set slippage to 5.5% and get yourself some Kenshi! +Go to PancakeSwap_, connect your wallet, set slippage to 5.3% and get yourself some Kenshi! + +Alternatively, use the `Kenshi Swap`_ .. _Binance: https://www.binance.com -.. _metamask: https://metamask.io/ +.. _`Kenshi Swap`: https://kenshi.io/swap +.. _Metamask: https://metamask.io/ .. _Moonpay: https://www.moonpay.com/ .. _PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x42f9c5a27a2647a64f7D3d58d8f896C60a727b0f diff --git a/source/token/guides/sell.rst b/source/token/guides/sell.rst index 1f87d11..47b0ae9 100644 --- a/source/token/guides/sell.rst +++ b/source/token/guides/sell.rst @@ -1,11 +1,10 @@ How to Sell =========== -Since Kenshi is an investment token, holders promise to hold onto their -tokens for at least 30 days, otherwise, they will face a fine. This fine -is added to the `5% base tax`_ to make up the variable tax rates. -The fine is calculated logarithmically with the amount decreasing as -we move further away from the date of purchase. +Since Kenshi is an investment token, holders will face a fine if they do not hold +onto their tokens for at least 28 days. This fine is added to the `5% base tax`_. +The fine is calculated logarithmically with the amount decreasing as we move +further away from the date of purchase. (See `variable tax`_). How to sell during the first 30 days? ------------------------------------- @@ -13,6 +12,8 @@ How to sell during the first 30 days? Due to our variable sell tax, you won't be able to sell your token on pancakeswap for at least three or four days. If you still want to sell your tokens, use a DEX that allows slippage higher than 49% such as poocoin_ +You can see what your sell tax is on the Kenshi `tools`_ page. + .. warning:: Sale tax ≠ Slippage ex: setting 49% slippage when you currently have a 49% sale tax might not work @@ -22,3 +23,5 @@ On the first three to four days, you should try to set a slippage between 50% an .. _`5% base tax`: ../tokenomics.html#tax .. _poocoin: https://poocoin.app/tokens/0x42f9c5a27a2647a64f7D3d58d8f896C60a727b0f +.. _tools: https://kenshi.io/tools +.. _`variable tax`: ./token/features/variable-tax.html diff --git a/source/token/index.rst b/source/token/index.rst index d09f5dd..8a3970e 100644 --- a/source/token/index.rst +++ b/source/token/index.rst @@ -10,16 +10,18 @@ The Kenshi token TL;DR ----- -If the documentation is too long for you to read, here is a short summary: +The documentation covers some important aspects of the token: -1. There is a 5% community tax on buying -2. You promise you won't sell or transfer your tokens for 28 days, or you will be fined -3. You get reflections +1. There is a 5% community tax on buying, selling, and transferring +2. You understand that if you sell or transfer your tokens within 28 days of purchase, you will be fined per `variable tax`_ +3. You receive reflections -Check the topics below if you want to learn more. +.. _`variable tax`: ./token/features/variable-tax.html .. note:: There is no tax or fine for buying the Kenshi services. +Check the topics below to find out more. + .. toctree:: :maxdepth: 1 :caption: Table of Contents diff --git a/source/token/investment/index.rst b/source/token/investment/index.rst index 122e391..5757618 100644 --- a/source/token/investment/index.rst +++ b/source/token/investment/index.rst @@ -1,9 +1,9 @@ Investment Token ================ -As an investment token, Kenshi provides a passive income to all its holders. -Simply holding Kenshi in your wallet is enough to get this passive income. -The more tokens you hold the more shares you'll receive. +As an investment token, Kenshi provides passive income to its holders. +Simply holding Kenshi in your wallet is enough to receive this passive income. +The more tokens you hold the more you'll receive. There are multiple sources for this income: diff --git a/source/token/investment/profits.rst b/source/token/investment/profits.rst index 6956b23..002cd70 100644 --- a/source/token/investment/profits.rst +++ b/source/token/investment/profits.rst @@ -25,7 +25,7 @@ such as: - The costs of running and maintaining the project - The amount of tokens currently held in the treasury -Tokens, or money, taken out of treasury amounts to the shares of the holder's in +Tokens, or money, taken out of treasury amounts to the shares of the holders in each specific project. The amount of capital provided by Kenshi, represents the amount of shares Kenshi has in each project. diff --git a/source/token/investment/projects/development.rst b/source/token/investment/projects/development.rst index e82bc48..9e82ea0 100644 --- a/source/token/investment/projects/development.rst +++ b/source/token/investment/projects/development.rst @@ -12,12 +12,12 @@ quality custom contracts to the clients: - Commented and documented code - Kenshi developed features such as: - - anti-bot system - - anti-whale system - - sales fine - - treasury - - reflections - - and more! + - Anti-bot system + - Anti-whale system + - Sales fines + - Treasury + - Reflections + - And more! .. admonition:: Schedule diff --git a/source/token/investment/projects/index.rst b/source/token/investment/projects/index.rst index a422f0f..3964383 100644 --- a/source/token/investment/projects/index.rst +++ b/source/token/investment/projects/index.rst @@ -3,7 +3,7 @@ Kenshi Projects Here you can find a list of Kenshi projects and their current state. At the moment we're on phase 0, or the bootstrapping phase. As we go -forward, we update this page to share more details about each project +forward, we update this section to share more details about each project and to add our new projects to the list. .. toctree:: diff --git a/source/token/investment/projects/liquidity-lock.rst b/source/token/investment/projects/liquidity-lock.rst index 0310177..a82f657 100644 --- a/source/token/investment/projects/liquidity-lock.rst +++ b/source/token/investment/projects/liquidity-lock.rst @@ -4,6 +4,6 @@ Liquidity Locking Kenshi develops and provides a liquidity locking platform, allowing third parties to lock their liquidity tokens for a set period of time. -.. admonition:: Schedule - - Starting from phase 2. \ No newline at end of file +Read about these in `Locker`_ + +.. _`Locker`: ../../services/lbp.html \ No newline at end of file diff --git a/source/token/tokenomics.rst b/source/token/tokenomics.rst index 7373742..f073b9d 100644 --- a/source/token/tokenomics.rst +++ b/source/token/tokenomics.rst @@ -4,10 +4,10 @@ Tokenomics Token distribution ------------------ -20% of the tokens are added to the initial liquidity pool. The remaining 80% are +20% of the tokens were added to the initial liquidity pool. The remaining 80% were added little by little to the DEX on each purchase from the DEX, check out the `Liquidity Bootstrapping`_ page for more info about that. -There are no team or developer wallets or any other form of special allocation. +There were no team or developer wallets or any other form of special allocation. Total Supply ------------