Dear KTK Participants,
We hope this message finds you well. While we acknowledge that we are a bit behind schedule, we are pleased to bring you an important update on the future of the KTK project. Much has transpired, causing concerns, but instead of abandoning the project, we have decided to revitalize it. We are relaunching the service with various changes aimed at enhancing the overall experience for the entire community through improvement and innovation.
1. Token Swap to TRC-20:
All ERC-20 based tokens in the KTK project will be swapped to TRC-20 based tokens.
The swap ratio is 1:1, and the process is expected to take 24 to 48 hours after the swap application.
Collected ERC-20 tokens will be burned.
The issuance limit of TRC-20 tokens is 600 million, with only 99.8 million issued in an unlocked state upon initial issuance.
2. Conversion to Paid Mining:
Free mining in the KTK project will be discontinued and converted to paid mining.
The new form of paid mining involves participation in advertisements or games.
3. Metaverse Development:
Despite delays, we will resume metaverse development and provide regular progress updates.
4. Service Expansion:
We will introduce a decentralized lottery and random box service, along with global logistics.
Development and service of tourism investment in various regions, cross-border logistics systems, and a simplified online remittance system.
5. Token Buyback:
40% of future profits will be used to purchase and burn ERC-20-based KTK Tokens.
6. Controlled Distribution of TRC-20 Tokens:
Newly minted TRC-20 tokens will not be distributed beyond ERC-20 based tokens until 2025.
Distributions after 2025 will be announced one month in advance.
7. Introduction of NFTs:
We will issue profitable NFTs, distributed 1:1 to existing NFT owners in the mining app.
NFTs will be sold for 1,000 USDT each, limited to a total of 1,000 units.
8. Global Service:
Our tokens and services are available globally, excluding countries defined as major terrorist countries in international agreements.
Services in Vietnam, previously suspended, will also resume.
9. Mining App KTK Swap:
All KTK held by existing mining apps will be swapped, with priority given to paid miners.
10. Free Mining App Updates:
The free mining app has been updated and is scheduled to resume on March 1, with the possibility of an earlier start.
We appreciate your understanding and support for these changes. We remain committed to transparency and respect for our community. If you have any questions at any time, please contact our support team.
Thank you for your patience as a participant in the KTK project.