BECO holders, today we are tremendously excited to announce that Kephi Gallery (KPHI) as the next Initial Farm Offering to be hosted on the BecoSwap IFO platform, using the IFO format explained here.
What is Kephi Gallery?
Kephi Gallery is a cross-chain, low fees, NFT marketplace where artists from different disciplines can get together and share (and monetize!) their work. From visual arts, to music, from movie clips to even theatre, every artist is welcome to mint their NFT and start trading their pieces of art.
The main problem with current NFT platforms are related to their development in the Ethereum blockchain, which translates to very high gas fees for artists and customers. This makes the NFT market in developing economies to be quite limited.
Associated with this issue, NFT platforms are built around the “marketplace” idea, rather than providing artists with a simple yet powerful gallery to properly display their work. They require an educated notion of how blockchain technology works and its advantages, how NFTs are bought and sold and what they represent. This can alienate the not-so-tech savvy artists into entering the NFT community.
Kephi Gallery, aims to take care of these two issues, so everyone can mint their digital collectibles regardless of their budget or technological knowledge.
What is $KPHI?
Kephi Token (KPHI) is Kephi Gallery’s own utility token. KPHI will be available for mining by those who use the platform to buy and sell NFTs. Aside from that, Kephi Gallery will have a broad Loyalty Program in which KPHI will be used for benefits such as:
- Discounts on fees
- NFT Airdrops
- Special profile frames (to make your artwork standout)
- Appear on Kephi Gallery’s own collection
- …and many more!
$KPHI Token Distribution
The total supply of KPHI tokens is 50,000,000. Details:
- 16% (8,000,000 KPHI) will be reserved for the Public Sale on KardiaChain and Binance Smart Chain
- 14% (7,000,000 KPHI) were sold on the Private Sale
- 18% (9,000,000 KPHI) will be reserved for Kephi Team
- 15% (7,500,000 KPHI) will be reserved for a Loyalty Program
- 10% (5,000,000 KPHI) will be reserved for Marketing
- 15% (7,500,000 KPHI) will be reserved for Exchanges
- 7% (3,500,000 KPHI) will be reserved for Advisors
- 5% (2,500,000 KPHI) will be reserved for Future Development
Token Vesting Periods for Kephi Team: 12 months
Token Vesting Periods for Advisors: 12 months
Token Vesting Periods for Seed investors: 6 months
Total supply: 50,000,000 (Maximum total supply will always be 50,000,000. The excess of it on any of the blockchains will be locked in a proof-of-assets contract).
After the IFO, approximately 40% of the total supply will be circulating in the market. To learn more about Kephi, click https://kephi.io/.
IFO Sale Details on KardiaChain
Sale start block: 3549900 (Approx. 1 PM UTC on Friday 30th July 2021)
Sale end block: 3551200 (Approx. 3 PM UTC on Friday 30th July 2021)
Amount to be raised: $240,000 USD in BECO-KAI LP tokens
Tokens to be sold: 4,000,000 KPHI (8% of initial KPHI total supply)
Price per token: 1 KPHI = $0.06 USD
BECO to be burnt from sale: $120,000 USD
Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the “Overflow” method).
Also, as a show of the appreciation to initial investors, Kephi Gallery will airdrop a very special NFT to those who participate on the IFO.
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
To participate in the IFO:
Before Sale:
- Buy BECO and KAI tokens on KAIDEX
- Get BECO-KAI LP tokens by adding BECO and KAI liquidity on KAIDEX
During Sale:
- While the sale is live (1 PM — 3 PM UTC on Friday 30th July 2021), commit your KAIDEX LP tokens to buy KPHI tokens at https://becoswap.com/launchpad
After Sale:
- When the sale is complete, claim your KPHI tokens and your unspent funds will also be sent back to you.
- Done! In the case of an overflow you can unstake your remaining BECO-KAI LP tokens.
If you decide to acquire BECO-KAI LP tokens before the IFO starts, you can stake them on BecoSwap or SleepEarn to earn BECO token rewards while waiting for the sale.
Please note — While you are holding BECO-KAI LP tokens you will be at risk of Impermanent Loss.
An Explainer: What are the 2 different sale sessions?
Basic Sale ($72,000 — 30% of Sale allocation, equal to 1,200,000 KPHI)
Want to participate in the IFO and get the most bang for your buck? This is for you.
In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in BECO-KAI LP tokens.
The number of tokens available in this format will typically represent around 30% of the total sale.
Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.
Unlimited Sale ($168,000 — 70% of Sale Allocation, equal to 2,800,000 KPHI)
As the name suggests, the “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.
The number of tokens available in this format will typically account for 70% of the total sale.
How much is the participation fee?
The participation fee will start at 1%, which is only applied to your contribution to the “Unlimited” session.
The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.
The fee cliff for the Kephi Gallery IFO is as follows:
Overflow Multiplier
In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
Please note — The final USD price per BECO-KAI LP token will be set a few minutes before the sale starting at block 3549900 (1 PM UTC on Friday 30th July 2021) and will be broadcasted on all public media channels.
While a few things may be subject to initial change, two things are sure:
- You will need BECO-KAI LP tokens to participate.
- If the full $240,000 USD allocation is raised, then at least $120,000 USD of BECO tokens will be burned forever.
We may also be running a farm KPHI-KAI LP token to earn BECO, which will have 3x BECO rewards for the first 48 hours and then 2x BECO rewards after that.
Project Details
Project: Kephi Gallery (KPHI)
Website: https://kephi.io/
Initial Circulating Supply (Day of sale): 40% KPHI from initial supply of 50,000,000 KPHI
Contract Address:
Light paper: https://www.kephi.io/Kephi_Gallery_Light_Paper_en.pdf
Twitter: https://twitter.com/KephiGallery
Telegram (EN): https://t.me/KephiGallery
Medium: https://kephigallery.medium.com/
GitHub: https://github.com/kephi-gallery
LinkedIn: https://www.linkedin.com/company/kephi-gallery/
Completed Audits: https://www.kephi.io/token_auditory.pdf
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BecoSwap will not be held responsible for any investment losses.
