pKLIMA: Aligning incentives for long-term success.

A fair launch: aKLIMA and KLIMA

Aligning long-term incentives: pKLIMA

  • Supply-based vesting means that large volumes of pKLIMA cannot be quickly redeemed and sold into the market at any given time, instead pKLIMA holders will incrementally be able to convert to KLIMA as supply grows.
  • This approach aligns the incentives between advisors, partners, the community and the DAO itself, as the only way pKLIMA holders can fully vest and secure their KLIMA allocation is if the protocol has long-term growth and success.
  • For holders, it only makes sense to redeem pKLIMA when KLIMA is above intrinsic value (i.e. above the value of 1 BCT); the greater the spread between KLIMA and BCT, the greater the incentive to redeem pKLIMA. Hence, little growth reduces the incentive to redeem pKLIMA, and reduces the risk of a sell-off during times of contraction.
  • The ongoing process of redeeming pKLIMA will lead to an increasing supply of carbon locked in the treasury, and will ensure ongoing demand for BCTs. Ongoing demand for BCTs will enable KlimaDAO to continue to draw carbon tonnes from the legacy market into DeFi and force the floor price of carbon (and the intrinsic value of KLIMA) upward.

The Details

  • Team: 330m pKLIMA, and 7.8% supply share
  • Project Stakeholders: 70m pKLIMA, and 3.5% supply share
  • Advisors: 50m pKLIMA, and 1% supply share
  • OlympusDAO: 70m pKLIMA, and 3.5% supply share
  • Klima DAO community: 480m pKLIMA (no supply share)

KlimaDAO enables mass participation in the carbon markets and governs the development of KLIMA, an algorithmic, carbon-backed currency.

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KlimaDAO

KlimaDAO

KlimaDAO enables mass participation in the carbon markets and governs the development of KLIMA, an algorithmic, carbon-backed currency.

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