iKOMP Finance LitePaper

iKOMP
3 min readJun 1, 2021

iKOMP is a Defi yield farming project that provides liquidity in UniSwap and mines iKOMP by staking the received LP tokens in iKOMP’s liquidity pool.

Liquidity Mining

The iKOMP liquidity pool consists of the Kompass foundation ecosystem tokens.

Pool List:
HLAND-USDT UNI-V2 LP Token Liquidity Pool
KOMP-USDT UNI-V2 LP Token Liquidity Pool
H10-KOMP UNI-V2 LP Token Liquidity Pool
iKOMP-USDT UNI-V2 LP Token Liquidity Pool x2
iKOMP-HLAND UNI-V2 LP Token Liquidity Pool x4
iKOMP-KOMP UNI-V2 LP Token Liquidity Pool x2

Ecosystem of tokens

The mined iKOMP is used as a trading fee and major investment asset in the Kompass foundation and the JVC’s ecosystem.

  1. Transaction fee in Kompass Market
    When selling assets on Kompass Market, iKOMP is used as a sales fee. 2% of the sales amount is deducted by iKOMP, reflecting the market price of iKOMP. It is available for user-to-user transaction within Kompass Market.
  2. Transaction fee in Mobuildz
    The first project in the JVC ecosystem, Mobuildz, is an NFT auction platform. By trading NFT-based building cards between users, users can auction at the desired price after 3 days. iKOMP, USDT, CNV can be accepted as trading fee for auction bidding process, and there is 50% discount for iKOMP.
  3. BTCREITs Liquidity pool
    ERC-20 based iKOMP issued BSC-based BiKOMP. iKOMP can be traded on all major networks on the blockchain. BiKOMP participates in a liquidity pool of BTCREITs that can mine BTCR tokens which can be invested in real estate.

Liquidity Mining:
BTCR-BiKOPM MDEX LP Token Liquidity Pool
BiKOPM-BNB MDEX LP Token Liquidity Pool

Halving and Burn policy

In order to stabilize the quantity and prevent some investors from monopolizing the assets, iKOMP is implementing twice of halving and a buy-back type of burn policy that purchase and burn iKOMP as much as the foundation’s income from transaction fee.

  • 1st halving (2021.04.21) : 100 iKOMP → 50 iKOMP
  • 2nd halving (2021.05.21) : 50 iKOMP → 25 iKOMP
  • 1st token burn (2021.05.03~04) : 421 iKOMP burned
    TXID: 0xc224be8a211f8944c6f7ac60e8dda3133ad45bf4eafe119e413f335ffa47d924
    TXID: 0xfec731bdfb39ac71696800670837f5587312fcd1b9b94c5bb54204513ef23c2b

Smart Contract

iKOMP received a safety fit for all parts in the Smart Contract Audit Report from Knownsec blockchain security team.
More details can be found here.

iKOMP TOKEN ALLOCATION

  • MAX Total Supply : 5,601
  • Circulating Supply : 5,180
  • Quantity of foundation hold includes : Quantity in Main account, Developer account, Kompass Market wallet, Metamask wallet, Pending to mine
  • Average of daily mining : 16 iKOMP
  • Mining proportion of pools : 49.7%

Our official channels

Homepage: http://kompasswallet.com/
Twitter: https://twitter.com/kompasswallet
Telegram https://t.me/kompassKr

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