Kitsumon | Announcements

🌐 Calling all #Kitsumon Champions! 🎉 Get ready for an exclusive glimpse into our past victories and future plans in the Kitsumon Community Call on Discord this Friday, January 12th, at 3pm UTC! 🚀🔮 Join the excitement and be part of the Kitsumon World! 🌟 Don't miss out, follow the link: https://discord.com/invite/kitsumon #Kitsumon #TelegramAnnouncement #Web3Gaming #CommunityCall #KitsumonFamily #Moba# KitsumonBattle

🎮✨ Attention Kitsumon community! 🐾🌈 This holiday season, unwrap the joy of breeding without limits! 🎁❤️ For the 12 Days of Christmas, our special promotion turns off the breeding counter. 🚫👾 Gather your favorite Kitsumons and create the ultimate combos! 🌟🔗 Let the festive breeding begin! 🎄🎮 #KitsumonBreeding #ChristmasJoy

Come join us in discord now for a live stream with our CTO Sanjay while he’s coding Kitsumon https://discord.com/channels/882233043186749522/1001872373152239666

🎉 Hey there, fabulous folks! 🌟

Are you not part of the Kitsumon Discord family yet? 🤔 Well, guess what? You're missing out on a ton of exciting sneak peeks from our incredible Discord channel! 🚀✨

Join us now to uncover all the awesome things we've been up to! 🎊 Don't miss out on the fun – the party is just getting started! 🥳🎈

👉 [Join the Kitsumon Discord now! https://discord.gg/VnHF3uAK

See you on the inside! 🌈🎮 #KitsumonAdventures

🌟 Attention, amazing Kitsumon Trainers! 🌟 We are thrilled to share some INCREDIBLE news with you that will take your Kitsumon experience to a whole new level! 🚀🎉

🔥 First off, we recently had a community vote on token allocations, and we have some exciting results to share! The vote passed with flying colors and no opposition! 🎉 So let's give a big cheer to all those who participated! 🙌

Here's a quick rundown of what was proposed: 🔥 in the original tweet https://twitter.com/KitsumonWorld/status/1677834475688927233

We're burning allocations from tokenomics for Development & Marketing, Staking & Rewards, and Play to Earn.
Additionally, we are reducing allocations for Team & Founders and Advisors.
The best part? We're burning a massive 61,208,129,795 $KMC, which will reduce the total supply by a whopping 58%! 💥💸 And that's not all, we're making $KMC a deflationary token! 💸 Any incoming marketplace commission and creator royalties will be burnt, driving deflation through platform usage!

Now, brace yourself for something truly exciting! Drumroll, please 🥁…

We're introducing the #KitsumonDAO 🏰🗳, giving YOU more control and input over the token. The new $KMC V2 contract will be deployed with the owner as the #KitsumonDAO multisig wallet! 🔑

The #KitsumonDAO will be initially managed by 3 key signers: Nshcore, JayArrowz, and Kitsumon.eth. They'll work together with a 2/3 threshold to make sure YOUR voices are heard! 🗣

We will announce a date for the contract migration, and don't worry, holders won't need to do anything – your $KMC will be automatically migrated, and you will have the same number of $KMC you had on the old contract. You will just need to update the token address in your wallet.

We encourage you to join the ⁠🗳dao channel on discord https://discord.com/channels/882233043186749522/1135005625437409371 and share your thoughts and ideas about governance procedures. We aim to eventually have key community members champion different committees, increasing the number of Key signers, so we can make @KitsumonWorld even better together! 🌎💫

read the full update in our discord https://discord.com/channels/882233043186749522/1001544905941864578/1135644754621759508

Now, let's move on to another exciting update! Update 2 is all about Kitsumon: Battle! We've received all the outstanding assets required for the MOBA game and have begun internal playtesting. Soon, we'll be running an alpha test, so stay tuned for that! Make sure to follow the official https://twitter.com/KitsumonBattle twitter account for some amazing game play reveals https://twitter.com/i/status/1683736175020843009

Last but not least, Update 3 brings the development of our Esport Gaming Competition System! 🎉🚀 Get ready to compete against friends and players worldwide with our leaderboard competitions! 🌐🤝 Whether you're breeding, trading, or dominating in the #KitsumonBattle MOBA, your achievements will shine! 🌟💪

Competitions will vary in timeframes, from week-long egg hatching bonanzas to intense #KitsumonBattle showdowns! 🥚🐣💥 And the best part is, you get to Play2Earn like never before with endless fun and rewards! 💸💎

Check out the new UI and let us know what you think! https://twitter.com/KitsumonWorld/status/1686986153281347584

Are you excited? We sure are! The Kitsumon Competitive Angle is here to stay, and we can't wait to see you rise to the top! 🏅🔥 Spread the word, tag your gaming squad, and join the fun today! Let's ignite a worldwide gaming frenzy with #Kitsumon! 🔥🔥 #GamerLife #GamingGoals

The future looks bright for https://twitter.com/KitsumonWorld and it's about to become even more incredible thanks to YOUR support and involvement! 💫🚀 Let's keep building a fantastic community and a thriving ecosystem together!

Now the fun begins with our custom 3d assets real time MOBA server
play testing can really begin

checkout our tweet bellow

https://twitter.com/KitsumonWorld/status/1683736175020843009

Hello Kitsu trainers hope you are doing well!

We have some development updates to share with you, which we would like to get feedback on.

We are progressing rapidly with the “Kitsumon: Battle” MOBA development. I’m happy to share all our 3D assets have been delivered from our development studio Adia which includes all kitsu attack animations and our battle arena map.

But there is lots of other systems required to provide the full features required by MOBA than just the game server and client. These are things like introduction of ERC-1155 game assets. Adding support to the marketplace for these types of assets. There are also several other EIPs we require to implement to provide intended features such as EIP-777 for pragmatic hooks when sending and receiving tokens. As well as support for our gas less system requiring EIP-2771 EIP-2612

To introduce these standards to support the features we need requires code update to the $KMC ERC-20 contract. When we initially deployed the ERC-20 contract for the TGE we opted to deploy a non upgradable contract a we thought this was in the best interest of the community. And these new product requirement and some of these improved EIP standards were not readily available or known at the time.

This means we will have to (at a date yet to be decided) hard fork the current $KMC contract to a new one. More information regarding this will be made available closer to the time but simply we will nominate a block number snap shot balances at the block and copy that state to the new contract holders will just have to update the contract address in their wallets.

The team discussed this we also reviewed our tokenomics and comments made by someone close to us (not about us) about how many tokenomic models are flawed especially with big allocations locked up which will result in constant sell pressure.

After reviewing our token allocations the majority are allocated for marketing giveaways and P2E rewards.

With the token contract migration we are proposing that we completely remove the following allocations

Play to earn rewards
Staking and rewards
Development and marketing

From our advisor allocation of the 4% available less than 1% has actually been assigned to advisors. We propose burning a further 2% of this supply. advisors who have tokens assigned have agreed to extend their lock up period

The founder allocation makes up 10% of the supply. As of yet no team or founder has been allocated $KMC from this. Our intention was to decide team allocations closer to the time the lockup period ended. We have agreed to reduce this allocation from 10% to 5%

This is intended to reduce all the locked up tokens that could eventually make there way to the market. And essentially fully diluting our marketcap to it current level.

We would like to make clear no changes to lockups or vesting lengths will be changed as per the TGE agreement.

Also as a project we feel that we have accumulated sufficient $KMC. The majority of kitsumon systems result in revenue for the company in the form of $KMC such as potion and land sales nft sales and royalties. We have decided in order to add a deflationary element to $KMC to

Burn all $KMC collected from the potion sales until the final batch
Burn all $KMC collected from the land sale
Burn all $KMC from the jester sale
Burn all $KMC from trade fees from the marketplace
Burn all $KMC collected from royalties.

As previously stated the hard fork of the contract must go ahead. But we want to put it to a community vote for the rest of the changes proposed in regards to the burn of token allocations and on going burn of fees.

To vote or discuss head to our discord https://discord.com/channels/882233043186749522/1001544905941864578/1127343680211124315

Keep 🔔on!!!

We are updating our 2023 roadmap!!! 🎉

The team has been hard at work and we're all excited to show you what we have done so far. With a gorgeous new website and lots of MOBA sneak-peeks, this update is worth checking out. Read it here! https://medium.com/kitsumon-metaverse/kitsumon-road-map-update-bb0403cafc49

We wish all our Kitsu family a Merry Christmas 🎄

Under your tree you find a sneak peek present of some more MOBA animations 🎁

We from the Kitsumon team wish you all happy holidays 🎉

MOBA fans, check it out 😍

We are excited to share some of our MOBA Kitsu animations with all of you - leading the charge is Johny Silverpaw! 🦾

🚨KYC DEADLINE REMINDER🚨

If you are a private/public sale $KMC buyer, your time is running out! To claim your vested tokens, you have until December 10th at 11:59PM UTC left to submit your KYC.

Read more here 👉 https://t.me/KitsumonAnnouncements/551

🔥NOVEMBER RECAP🔥

The November edition of Kitsu Diary is here! Read up on all the awesome developments from last month, including an exclusive sneak-peek at our MOBA UI! 🚀

Read here 👉 https://medium.com/kitsumon-metaverse/kitsu-diary-november-2022-c98ec058bf90

⏳Breeding Timer Increase⏳

We will be increasing the cooldown timer in our breeding gameplay on Friday 25th November 2022 @ 4PM UTC 🚨

Read more here https://bit.ly/3TMAgWV

🚨ATTENTION PRIVATE/PUBLIC SALE BUYERS🚨

If you still need to complete KYC to access your tokens, please complete it before the deadline on December 10th 2022 11:59PM UTC. We will not be accepting any KYC applications after this time.

Last year on December 10th we had our TGE, and with this came our vesting system for distributing tokens to private & public sale buyers, along with a KYC requirement. Now after almost 1 year, some buyers have still not completed the KYC to unlock their tokens. Along with our 1 year TGE anniversary, we will close down KYC applications from December 10th 2022 onwards. If you are a private/public sale buyer and have not yet completed your KYC, we ask that you please submit your KYC data before the 10th of December this year. All submissions before the deadline will be processed.

Amazing entries are flying in for the BalthazarDao Kitsu Trainer Art Comp! 😍

Why not spend some time this weekend getting involved for a chance to have your trainer made into an NFT as well as some awesome rewards to be had! 🔥🔥🔥

More details here👉 https://medium.com/p/4296f3dac319

😻 Land Sale Gleam Winners have been picked 😻

CHECK YOUR EMAILS 🚨🚨

Congratulations to those that won rewards! We have emailed you for your wallet addresses 🏆