Kodi Coin (Cryptocurrency)
| Kodi Coin | |
|---|---|
 | |
| Development | |
| White paper | kodi.gitbook.io/kodi-whitepaper |
| Development status | Active |
| Developer(s) | Fowzie Ali, Jeremiah Rosen, Waleed Omar, Andre McKinnon, Mike Donovan |
| Website | kodicoin |
Kodi Coin (Kodi) is a cryptocurrency token established in October 2021 on the Binance Smart Chain network. Kodicoin is working on multiple projects. Its mission is to provide a one-stop IDO platform and give investors an interactive entertainment network that will keep users engaged, informed, and entertained while investing in the cryptocurrency market.[1]
The token charges an 11% fee on transactions on buys and sells—3% on BNB reflections, which are redistributed (or reflected) to token holders with more than 5 million Kodi tokens. 2% directed to the salary pool; 2% directed to buy back utility pool that allows sustained buying pressure and burns; 1% directed to liquidity pool; and 3% directed to its marketing division, which will permit Kodi Coin to continue to reinvest in the company and grow.[2]
Kodi Coin was listed on Coingecko and Coinmarketcap after its launch. It is currently available for purchase on PancakeSwap. Kodi Coin’s native cryptocurrency is called $KODI.[3]
Kodi Coin’s staking contracts were developed by its partners at Brewlabs. Staking reflections are in $KODI with a variable APR. There is no minimum amount required to be staked.[4]
History
Kodi Coin initially launched its previous token, Kodiak, but ran into technical difficulties with its smart contract.[5] The Gnosis multi-sig wallet used for the marketing funds malfunctioned with the contract, creating a backup in the BNB rewards distribution. Although the team resolved the issue within 24 hours, the momentum needed to sustain buying pressure was lost.[6] After deliberations, the project team concluded the best option was to snapshot current holders and migrate to a new contract. The team rebranded the project as Kodi Coin.[7]
Kodi Coin was created by individuals with professional backgrounds in different industries. It was funded through an initial coin offering (ICO) on DxSale, where liquidity remained locked for a 1-year minimum.[8]
Before the token launch, the team was audited by Brewlabs and Dessert Finance. All five of the core team members have completed a KYC through both companies with government-issued IDs. A CertiK Audit was previously completed for its previous contract, and a new one is currently in progress. The final report is expected on or before April 20, 2022.[9]
On November 16, 2021, Kodi Coin launched its first round of NFTs through its partners at Mint State Crypto.[10] There are a total of 3500 packs, with each pack containing 3 unique NFTs. There are 7 types of rarities, all of which will have utility via staking when its NFT staking contract development is complete. Each NFT pack costs 0.6 BNB.[11]
On August 27, 2021, the project began beta testing of its Entertainment Network’s 24/7 Bear Cave Radio.[12] It is hosted on Telegram and live-streamed on YouTube, Discord, and Twitch. It consists of daily and weekly programs covering a wide range of crypto and non-crypto topics. Downtimes are spent engaging in open discussions among team and community members or listening to live music streams.[13]
On September 30th, 2021, Kodi released its advertising agency, called Pitch, which operates as a subsidiary company. The agency offers marketing services to many crypto projects.[14]
On December 17th, 2021, Kodi Coin announced plans to launch its own play-to-earn game.[15]
Kodi Coin recently launched itsIDO platform "CookieSale" last March 23, 2021.
References
- ↑ "Kodicoin: What's next in the defi world". oaklandgazette.com. Retrieved 22 July 2022.
- ↑ "Kodicoin: What's next in the defi world". stlouisgazette.com. Retrieved 22 July 2022.
- ↑ "2022 Kodicoin Review". austininquirer.com. Retrieved 22 July 2022.
- ↑ "How Kodicoin is revolutionizing the DeFi world". seattledailyobserver.com. Retrieved 22 July 2022.
- ↑ "The creation of Kodicoin: A revolutionary digital asset". lifestyle.southernsportstoday.com. Retrieved 22 July 2022.
- ↑ "2022 Kodicoin Review". fresnoinquirer.com. Retrieved 22 July 2022.
- ↑ "Kodicoin: What's next in the defi world". portlandinquirer.com. Retrieved 22 July 2022.
- ↑ "The creation of Kodicoin: A revolutionary digital asset". lifestyle.thepodcastpark.com. Retrieved 22 July 2022.
- ↑ "How Kodicoin is revolutionizing the DeFi world". dallassentinel.com. Retrieved 22 July 2022.
- ↑ "Kodicoin's extraordinary growth". philadelphiachronicle.com. Retrieved 22 July 2022.
- ↑ "Kodicoin: What's next in the defi world". sandiegoobserver.com. Retrieved 22 July 2022.
- ↑ "How Kodicoin is revolutionizing the DeFi world". dallassentinel.com. Retrieved 22 July 2022.
- ↑ "Kodicoin's extraordinary growth". nycsun.com. Retrieved 22 July 2022.
- ↑ "The creation of Kodicoin: A revolutionary digital asset". lifestyle.thepodcastpark.com. Retrieved 22 July 2022.
- ↑ "2022 Kodicoin Review". fresnoinquirer.com. Retrieved 22 July 2022.