> For the complete documentation index, see [llms.txt](https://kaspa-finance.gitbook.io/kaspa-finance-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kaspa-finance.gitbook.io/kaspa-finance-whitepaper/kfc-token.md).

# 🪙 KFC Token

The **$KFC Token** is the native utility, governance, and reward token that powers every layer of the **KaspaFinance** ecosystem. It is central to user participation, liquidity incentives, automated trading access, DAO voting, and staking/farming rewards.

More than just a rewards token, $KFC is designed to be **deeply integrated** across every module of the platform — from swaps and lending to AI trading bots and future applications.

***

#### 🔢 Total Supply

* **Max Supply:** `21,000,000,000` KFC
* **Circulating:** Gradually unlocked through emission schedules
* **Deflationary Events:** Token burns and via future governance votes

***

#### 💸 Token Allocation

| Category                           | Allocation (%) | Vesting Terms                                  |
| ---------------------------------- | -------------- | ---------------------------------------------- |
| Liquidity Mining (Farms & Staking) | 40.00%         | 0.5%-1% at TGE and as Market demands (rewards) |
| Treasury                           | 25.00%         | Emissions as per DAO Community Votes           |
| Team & Founders                    | 10.00%         | 12 months cliff - 24 month linear              |
| Development                        | 12.00%         | 1% linear per month as required                |
| Marketing & Partnerships           | 11.50%         | Unlocks linearly 5% (as per market demand)     |
| Capital Raise - Token Sale         | 1.46%          | As per Vesting Schedule                        |
|                                    | 100.0%         |                                                |

> All allocations are subject to **vesting schedules and governance approval for those conducted post governance set up**. Team funds are time-locked with phased unlocks over 24 months with 12 month cliff.

***

#### 📤 Emissions Model

$KFC rewards early participants while promoting long-term sustainability.

**Key Points:**

* Emissions are distributed **daily** across farming, staking, and affiliate pools
* Emission rates **halve periodically** (e.g. every quarter or epoch)
* Special farming events or triple emission campaigns may mint KFC within controlled parameters

**Examples:**

* Early-stage farms emit high APR with higher KFC flow
* As protocol matures, emissions reduce while KFC demand increases via bot access, staking locks, and lending utility

***

#### 🧰 Utility & Use Cases

KFC is **multi-functional**, with utility across the full KaspaFinance protocol:

**🔁 Trading & AMM**

* Discounted trading fees for KFC holders
* Use KFC to create custom liquidity pools
* Fee rebates when paying in KFC

**🌾 Farming & Staking**

* Earn KFC via farms and staking pools
* Stake KFC to boost farming APR multipliers
* Use KFC to unlock longer-term staking tiers (30d, 90d)

**🔐 Governance**

* Voting Criteria = 500 $KFC tokens (minimum)
* Create a propisal = 1,000,000 $KFC tokens (minimum)
* Vote on:
  * Emission schedules
  * New token listings
  * Treasury allocations
  * DAO upgrades

**🤖 KasBot Trading**

* **Required to access Premium Bots**
* Weekly bot access subscriptions paid in KFC
* Use KFC to set risk thresholds, bot parameters, and unlock exclusive AI modules

**🏦 Lending & Borrowing**

* Use KFC as collateral
* Earn interest by supplying KFC to the lending pool
* Borrow other assets using staked KFC

**🪙 Affiliate Program**

* Earn referral rewards paid in KFC
* Participate in airdrops, NFT sales, and launchpad events using KFC

***

#### 🔮 Long-Term Vision

The KFC token is not just a farm-and-dump asset — it’s a **long-term coordination tool** for the entire Kaspa DeFi ecosystem:

* Designed to **scale with usage**, not hype
* Deep integration across **AI, DAO, and DeFi verticals**
* **Expandable to L2s and future Kaspa-native apps** like KaspaBytes and Kasperpetual