Tokenomics

KREA8TE operates on a native utility token, $KR8 , which facilitates transactions and rewards within the ecosystem. Key aspects of our tokenomics include:

Distribution

• Initial Distribution: 20% to platform development, 30% to community rewards, 20% to liquidity, 15% to the team, 10% to advisors, and 5% to partnerships and marketing.

• Ongoing Distribution: Tokens are continually distributed through community rewards and staking mechanisms.

Utility

• Transactions: KR8 tokens are used to buy, sell, and trade NFTs on the platform.

• Rewards: Both artists and collectors earn $KR8 tokens through various engagement activities.

• Staking: Users can stake their $KR8 tokens to earn additional rewards and participate in governance.

Staking and Point Conversion

• Point System: Users earn points for various activities such as listing NFTs, trading, and community engagement.

• Conversion Mechanism: A staking mechanism can convert points into $KR8 tokens. Users can stake their points for a specified period, receiving an equivalent amount of $KR8 tokens based on a predefined conversion rate.