KLS Token Utilities

To the benefit of our active and growing community, it is important to outline the many ways that KLS token can be utilized within the kulfi ecosystem and beyond, we have developed an abundance of income streams that will generously reward all KLS token holders to ensure substantial growth of our ecosystem.

KLS TOKEN UTILITIES

Governance:

The KLS token will play an important role in the governance of the protocol. KLS token holders will be able to vote on future proposals to the protocol. Your Holding gives you a voting weight. The higher your holding, the more powerful your vote. The DAO will control the direction of where some treasury strategies and where the philanthropic fund distributes the contributions.

Access Grant for Kulfi Borrowers:

Every borrower is required to a minimum number of KLS token inorder to access loans from Kulfi KPool. (Number of KLS token to be held would be decided by the DAO).

Transaction Fees:

Transaction fees with the Kulfi Ecosystem can be paid using KLS tokens.

KLS Staking:

KLS token holders can choose to stake their tokens and earn up to 20% APY and may wish to further boost rewards using Kulfi NFT.

Transaction Fees Redistribution:

KLS token holders are entitled to 50% of profits made from all the transactions carried on Kulfi platform using the KLS token.

Rewards:

Liquidity providers will receive rewards in KLS token. We have designed a model to give out rewards without diluting the supply of KLS on the market.

Future role in the Kulfi ecosystem:

KLS token will play an essential role in the expanded Kulfi ecosystem. Specific utilities will be announced as we roll out new products and features.