This is something we want to explain more than you want to know. Over the last few days, we have gathered a lot of feedback from you, our community, and iterated on the timelines we had initially set for ourselves.
So let’s jump straight into it.
A small recap
We wrapped up the community pre-sale through our IDO on Nov 19, and the precious aKEEPERs were airdropped by Nov 21 for all of you to hodl. We can only say that we are overwhelmed at the response and super pumped for the run up to the mainnet.
- Total aKEEPER tokens distributed: ~50,945
- Price per aKEEPER: $10
- Split between assets (value terms; Eth spot price $4,158):
- Ethereum: 63%
- USDT: 16%
- USDC: 13%
- DAI: 8%
Currently, rewards are up for grabs (check out announcements on our Discord channel) which gives you the chance to win aKEEPER allocations even if you missed the whitelist. The rewards would be finally airdropped by Nov 29/1800 UTC to the winners.
Our solid community has grown to 5.5k members on Discord and is going steady — we can’t tell you how stoked we are to have you on this rocket ship.
Last article outlined at a high level the compensation structure we proposed for all the stakeholders in the community. Some key highlights:
- cKEEPERs are nothing but a tool for incentive alignment. Think of something the upside of which you can harness provided the protocol grows with your efforts.
- A unique feature of the cKEEPER tokenomics is that the token follows an accelerated vesting schedule. As you put more effort, the upside grows non-linearly up until a threshold value of the treasury.
- >48% of the cKEEPERs have been reserved for the community + FMT and <22% for the team. We believe this is our first design intervention to assure you that we really want KeplerDAO to be a community effort with all the captainship and guide-rails that we can provide.
- More details on how the allocation would be structured across roles and functions in the community (such as marketing, operations, technology, research etc.) would be out soon with a detailed guideline which we are trying to keep as objective and inclusive as possible.
Looking forward
With the successful IDO behind us, we’re now looking at two extremely important events in the pipeline — a) public sale on copper launch and b) mainnet launch on the ethereum network (why eth, please check #FAQs on our Discord server).
The success of both these events is contingent on a few things:
- Marketing efforts to create the right momentum and project awareness for the public sale and the launch
- Audit of the Kepler contracts
We believe that these two things would be critical to kick-starting the long journey ahead in the right manner. We see the audit as not a one-time phenomena but an ongoing process as we mature and build more new contracts.
We’re currently vetting quotes from a pool of reputed audit firms and are pushing to finalize the vendor by Nov 26. As much as we would like to squeeze the audit timelines, we can’t really do it (and you should be happy we can’t influence that). Tentatively, it would take ~20 days to complete the audit + some for buffer for any back and forth. Hence, we should be good to hit the mainnet by the last week of the year (fun fact: it’s OG Kepler’s b’day on 27th of December).
For now, we’ve decided to take the public sale on Copper Launch platform live on Dec 15, 2021 around 1800 UTC. It’ll last about 3–4 days. We have chosen to give three weeks to put marketing and engagement efforts on full blast (job profiles for the same have been posted on #announcements)
Post the public sale, we believe a week would be a good time to thoroughly test and set things up for the mainnet which should be going live around Christmas (our audit report would be out by then). These timelines have been designed keeping in mind long term stability and longevity of the project. We want our actions at every step to be logical and deliberate. And, these would also allow us to have an IDO party to commemorate Kepler’s b’day along with our launch. =)
This was a quick update from our end, double clicks on how cKEEPERs would be earned is something we’re working on and will publish soon — KEEP tuned for more!
More eccentricity to you.
Kepler
