Introducing Kpop v2 : The Kfan Token
It’s been months since we launch the Kpop Fan Token, we have experienced a few problems concerning the name of the token as there are a few inactive projects in the space that have the same brand name. For Kpop Digital to have a sustainable run, we have decided to migrate the Kpop Fan Token brand into Kfan Token.
Kfan will come with the same tokenomics as the v1 but with no burning mechanism. One of our goal is to protect the users from unnecessary losses from this “Burn per transaction” trend which dilutes every project that uses it. We have seen the negative impacts of this system to our holders and it is not sustainable.
What is Kfan Token in simple terms?
$Kfan Token will serve as a multi-purpose native currency in the Kpop Digital ecosystem. It will be utilized as a mode of income or payment method in the upcoming mobile app.
In addition, Kpop Game will use Kfan as the main out-of-game currency where players can exchange the in-game currency into Kfan then exchange it into various decentralized exchanges realizing their profits from the products.
Lastly, Kfan will also be used to purchase NFTs on Kpop digital’s out-of-game and in-game Marketplace.
Migration Process
The migration process will be through a smart contract, the holders must send their Kpop v1 Tokens in an address that will be posted by the official admins. Warning : Please double check the addresses you are interacting with and always wait for the official announcement.
Ratio
The ratio of the migration will be 1:1, it means 1 Kpop token = 1 Kfan token. This is already the presale as the team will provide liquidity instead of relying to initial coin offering.
The Kfan token will be sent in your wallet in 24–48 hours after sending your Kpop v1 tokens in the migration address.
What do you need to do?
You just have to ready your Kpop Token in your wallet, you can still stake it and farm in the incubator. Announcement will be made in our telegram group once the Migration is about to begin. Until that, you can still farm in the incubator.
Date of Migration
The migration will last for a week, it will start on September 20, 2021 until September 27, 2021. Other holders that won’t make it in the migration can raise their concern by messaging the admins.
Always remember that admins will never message you and ask you for funds. You can always tag the admins in the group to answer your inquiries.
To get the latest updates, follow us
App : https://app.kpop-digital.com/
Website : https://kpop-digital.com/
Twitter : https://twitter.com/KpopToken
Telegram : https://t.me/KPOPtoken
Medium : https://kpopfantoken.medium.com/
