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All Things KDK - Merry Beramas
Recorded: Dec. 19, 2025 Duration: 0:51:00Space Recording
Short Summary
Kodiak is set to launch its token on December 23rd, with a strategic focus on community engagement through airdrops and partnerships. The platform aims to enhance trading infrastructure on BearChain, leveraging innovative liquidity strategies and collaborations to drive growth.
Full Transcription
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Music Music Music Music Music Music Music Music Music Music Thank you. I'm going to go to the next video. Oh I'm going to go to the next video. Thank you. I'm going to go to the next video. Thank you. Music Music Music
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Music Music Music Music Music Music Music Music Music Music Music Thank you. I'm going to go to the next video. Hey everyone. Oh Oh Thank you. All right, let's do this.
How are we doing, guys?
BM. BM.
BM. Hey, guys. How are we doing?
Doing quite well. Thank you. Big shout out to our hosts, the Honeycast, aka Tez and Nomad from Vase.
Super excited to be here. Super excited to answer all of your guys' questions.
And yeah, let's get started
yeah cheers yes do it i guess also shout out to uh barotan foundation we're on the big stage today
so uh thanks for for hosting us all um yeah i guess yeah we should kick it off i guess for
those who don't know uh no matter myself we'll be interviewing bear rodman and bertick who are
the founders of Kodiak.
And I'm guessing everyone here is probably aware they've got a token launch coming up very soon.
So we just wanted to kind of dig into the nuts and bolts of that.
Are you there, Nomad?
Yep, here. Can you hear me, guys?
Yeah, I can hear.
For those who don't know Nomad, he's kind of like, I think of him as like the guru of Bearer Chain.
He's the all-knowing.
He writes these amazing articles he drops every now and then.
Have you got another article cooking up at the minute?
No, I was working on something.
Nice, nice.
All eyes on Kodiak now, though.
That's true.
It's Kodiak.
It's Kodiak's special, special time.
We've also got Kevin from Gate with us today, where the ICO is being hosted. Welcome, Kevin.
Mic check, Kevin. We'll get back. We lost Kevin. We'll get back to Kevin when he jumps back on.
kevin when he jumps back on um in saying that we do have some questions about the uh not the ico
sorry the ieo as as we are as we're calling it but maybe once kevin comes back we'll dig into
that more so maybe we just kick it off i'll ask you robman with for for those who maybe don't know
just a little overview of kodiak i think most people here probably do but just in case we have
a few newbies uh how would you describe kodiak to the people? Yeah, so Kodiak is BearChain's native liquidity pub.
We are the number one place to launch LP trade on BearChain.
Yeah, we're the number one place to launch trade in LP on BearChain.
Our goal has been to create and our goal has been and is to create the best trading infrastructure and trading environment for our users.
And so what does this mean? What does this include?
So our core products include a full range plus concentrated liquidity AMM,
our automated liquidity manager, and now perps.
In addition to this, we've developed some fun products on the side,
such as the KX Super Aggregator.
This is kind of similar to Llamaswap and really ensures that you get the best trading execution
when swapping
on bear chain. We run a few bear chain validators. We have auto compounding vaults. We also developed
the Panda Factory, which is our no-code token deployer. And then in combination with our
friends over at YIT, developed BakerDAO, which is our native LST or bear native LST.
LST or bare native LST.
Yeah, beautifully said.
Yeah, I think you've impressed everyone with the sheer amount of output you guys have had.
Like, I think we didn't expect you to drop a perp stacks.
And of course, you had Baker Dow.
You guys are constantly shipping, which has been very impressive from you guys.
Have we got you, Kevin?
Are you back on stage?
Hey, Jim, Jen, everyone uh can you hear me yes welcome yeah wow it's been a while since i come to the space like with all the traveling uh so i definitely don't
miss all this like ex-technical issues so uh uh very few of that um so yeah so so very happy to be here today tonight.
I am the Chief Business Officer Gates.
For those of you, I would imagine there's only a few, but like there's always people that don't know about us.
So I will just take the 30 minutes intro to our exchange.
It's a top three exchange right now.
Top two if you counted the spot trading volume right now.
We've been around for 12 years and it's been, I would say, the crypto world is like eternity.
So we've been through a few cycles already and probably in the midst of another cycle again. But I think for those of you who know our brand, we are here for a long time,
which is by itself as a proof of resilience.
That's why we're here.
And that's why we're supportive to Veritain
and Cordia as well for this very exciting project
for us as well.
So yeah, let's start doing more questions.
Yeah, beautiful.
That was in half an hour,
so no, I appreciate the piffiness.
Bertik, you're on the main account, right?
Yeah.
Cheers, nice.
If I may ask you, man,
what was the decision behind going with Gate?
Why did you guys decide to do a token launch there?
Yeah, so I think for some context, we've been working with
the gate team for for a while now, integrating their wallet
early on when we launched on on mainnet. And then more
recently, gate alpha has actually integrated bear chain
and specifically Kodiak into their alpha product. So we've
been working closely with them and with this relationship
and just given that gate is a um like like one of the largest exchanges um they have wide
distribution and our goal for our token launch and in general for kodiak's future was to expand
um to broaden the distribution even further for people who have maybe never heard of kodiak or
never heard of bear chain itself um we believe that working with Gate, with RTG,
as well as the IEO itself would have,
yeah, there's, would have been a perfect way
to kind of segue into our token launch.
And we're very excited to work with them.
And more specifically, like we will be the number,
we'll be the number five Launchpad project on Gate Launchpad.
So we're super excited about that.
Yeah, and I've got to say, I was pretty blown away by the sheer amount of volume.
Last time I checked, around $55 million worth of bids have gone in, which is incredible.
But for those who maybe haven't quite jumped in yet, maybe I'll ask you this, Kevin, how
would one go about approaching this?
How would one want to bid on the KDK token on Gate?
Yeah, it's rather simple.
So you can subscribe with the usual USDT, but also you can subscribe with GUSD. For those of you who may not have heard about it,
GUSD is actually our yield-bearing stablecoins.
So basically, you means your GUSD,
you inherently already have 4% yield,
and then you can use it to subscribe to Kodiak
in this round.
So we would have 30% of the total of 3 million KDK
that's available specifically for GSD.
So if you're like chuckling whether or not
you want to subscribe with like USDT or GSD,
you can always like split it up.
And it's only the minimum requirements
is only 10 USDT or 10 GSD.
So like, I mean, I'm not trying to sell this.
Like it's not my duty to sell it,
but I'm sure that's like, it's like Christmas season.
I'm sure like you have some some at least spare change to actually
try it out uh but i think that's i want to echo as far as like launchpad um we go a very opposite
direction of where the market's been going in 2025 i know like for the light of like all this token
launching platforms there will be millions of tokens just launched within days for launch pads
for us this is only the fifth project so we actually curate and select really carefully what
kind of projects to be able to be on our platforms not only because of the size not only because of
the potential but also like how they benefit the Gates ecosystem as well.
And if their brand actually resonate with Gates brand as well.
So yeah, just like check it out on Gates website.
I'm sure you can find it on the Launchpad right away
with just like a few single places.
Yeah, I can definitely attest to that.
I went in, I threw a few shekels into the IEO today. So I pretty much opened the app, I saw Max Verstappen, and then under that I saw the Kodiak token. So yeah, it was actually very straightforward and easy to use.
On the TGE though, is it subject to any vesting or lockups for the token at launch?
is it subject to any vesting or lockups um for the token at launch hey and i say come second
after the step it's not not a bad thing at all no it's not too bad yeah so that there won't be any
investing or lock up so the you uh the tokens will be fully unlocked um and uh that's before the, I think that's 20 seconds on the 8 a.m. UTC time that will be allocated.
And as soon as it's allocated, it will be fully allocated.
Lovely.
And I might throw a question to you, Robin.
Can you tell us at all about the supply that's being sold in the public round?
Yeah, absolutely.
So 3% of the Kodiak supply is being sold into the public sale.
This has no lockup, no vesting, and it's being sold at a FDV of effectively $35 million.
Beautiful. million beautiful and um i guess my last question i guess maybe for kevin is in regards to the gate and and and the and the ideo when will people be able to start trading kdk on uh on your platform
yeah so i mentioned the allocations on 22nd and the trading date on spot will be 23rd of December obviously at 2 o'clock in UTC time.
So obviously again for those who celebrate Christmas we don't want to wait until it's Christmas time and
it's become a lot of uncertainty, people going away etc. So like consider this like a Christmas present to everyone's in this call.
Like we just try to get it done and get it through.
Everything's before Christmas.
Sure.
It's a little, it's a little bear and miss miracle
for all the bearers.
Nomad, do you have any questions in regards to the ICO man? Oh, we, Nomad, do you have any questions in regards to, to the ICO man?
Oh, we lost Nomad.
It's not a space as if it doesn't run.
Hey, well, I'll, I'll get back to him in a minute.
Um, Kevin, you're welcome to stay, but I've been told it's quite late where you are.
So you're welcome to come hang out.
But also if you don't feel obligated to stay up here, if you need to, if you need to go
to bed or anything, but, um, I really appreciate you making the time.
Yeah. Yeah. Thank you. thank you for having me here uh i mean yeah i would like uh in a very different
time zones uh but like uh as final words i really hope this project to be successful
um that will means a lot to the community here listening and it will be meaning a lot for us at Gates as well.
We want to see every single project
in Launchpad to be successful
and we will continue this partnership going forward.
So thank you very much.
Cheers, Kevin. Thank you.
No, Matt, I wanted to give you an opportunity
if you had anything you wanted to ask.
We lost you there for a sec.
Yeah, sorry.
I don't know how I got disconnected.
I guess one more thing to clear out about the ICO.
It says that people who subscribe early get kind of a bonus and allocation.
So I just wanted to know how steep that bonus is.
Like, how does that work?
Yeah, I think the best resource for anyone looking
to fully understand that would just
be to check out the recent GATE article as it's fully,
it's very descriptive in the article.
And it'll save us a bit of time.
Yeah, fair enough. Check out the article um all right well in saying that we kind of covered uh the ICO should we kind of get into the nuts and bolts of KDK and xKDK and kind of the tokenomics
that you guys dropped last night maybe we can uh dig into that because I'm sure a lot of people
want to learn about that as well if you're happy to I might throw it to you again Rodman saying
uh we have you here um yeah I don't know do you just want to. I might throw it to you again, Rodman, seeing we have you here.
Yeah, I don't know. Do you just want to do like a very high level overview of what KDK is,
how and how it affects or how it works in the Kodiak ecosystem?
Yeah, absolutely. So KDK is the native protocol token. It's freely tradable and it's used to trade on Veritrain and as well as LP. It's the only way to convert or acquire XKDK.
LP. It's the only way to convert or acquire XKDK.
Cool. Short and sweet. Well, yeah, because I think there's a lot more nuance in when you get
into like the staking element with XKDK. So I don't know, shall we go into how that kind of
works as well? How would you describe XKDK? Yeah, so XKD uh non-transform non-transferable escrow governance token xkdk
uh cruise protocol rewards and is used to participate in governance and so our stakers
um they can they can earn protocol rewards in two forms the first the first being forfeited kdk
um and and this is for redemption so anyone that chooses to redeem their XKDK for shorter than the max vesting period,
those forfeited tokens are then distributed to XKDK stakers
proportional to their stake in the rewards pool.
And so, just to clarify, so these tokens are sent to a rewards pool,
and then they are redistributed to XKDK stakers proportionate to how much of the pool they own.
And so, so there's also a few other other benefits as well, and so the first is loyalty rewards, and so this might be like various various tokens that are dropped to xkdk stakers.
tokens are drop tax kdk stakers um and so you can also participate in governance once governance
is turned on and then in the future we'll have some additional utility um utility modules such
as uh vip vip tiers for our perps traders yeah beauty um yeah i kind of do you know what i was thinking about it today when i was going
through the docs it kind of reminds me in a weird way of like squid game you know how like
once people get eliminated or if they leave early then like the kitty kind of folds into those who
remain there's kind of a bit of a bit of that gamification going in there not that anyone's
going to die or anything but it kind of but that was the closest example I could think of.
I don't know if that resonates with you at all.
Yeah, no, for sure, for sure.
I think Veritek has been thinking about this quite a bit,
and we were really trying to think and see
how we can differentiate and maybe try something new.
And for the most part, I haven't really
seen any staking modules that operate in a similar manner
or have really similar mechanisms.
So we're pretty excited about it.
Yeah, nice.
Cool.
And I guess in regards to kind of other facets that are working with the token and maybe
more specifically with KDK, as I was reading through the tokenomics, we were talking about
it mentioned the Kodiak Reserve, which I believe was around 60% of fees through your DAPs, such as, I
guess, the Spot Dex and the Perp Dex, if I'm correct, fees from both of those, will be
allocating around 60% towards buybacks off the open market.
Is that correct?
Did I get that right?
Yep.
So we have this Kodiak Reserve.
It's an insurance slash assistance fund.
I think others have kind of pioneered this
and we believe it's a strong utility for it. And what we're doing is 90% is redirected to kind of
for the growth and resilience of the protocol itself. 60% of the revenue generated from our
current products as well as future products. We're not stopping building. We're not stopped building just because there's TGE.
There's a lot of much bigger products that we're going to be working on,
that we're currently working on and we'll be announcing pretty soon as well.
So revenue, 60% of the revenue from those are redirected to systematically
acquire KDK from the open market. And then 30% of the revenue
is utilized to actually provide
to kind of grow protocol on liquidity for all of our products.
And this is something important where we want to ensure that user experience
is smooth and optimized regardless of whatever the market situations are.
And in order to do this, there needs to be this baseline foundational liquidity where users can
always rely on. And for the protocol itself, Kodiak doesn't have to rely as much on external liquidity providers as the Kodiak Reserve itself will have been accumulating and growing protocol on liquidity.
Nice. I want to open this up to you, Novak, because it sounds like the kind of room where you'd like to kind of geek out a bit.
If there's any questions you had in this kind of subject.
I think they explained everything on this part.
I think it's pretty cool tokenomics.
Yeah.
Okay.
Fair enough.
So, let's see.
We're going to the bear reserve.
I guess we've covered that nicely.
Should we talk about the airdrop?
I'm sure a lot of people are curious about the airdrop.
I'll ask you again, bear tick as well. there's a lot of interest around it who's eligible who
would be eligible for the airdrop coming up yeah so um we wouldn't say it's necessarily the airdrop
because a lot of um a lot of uh like who is actually eligible are um it's basically being
distributed to previously announced categories over the past nine months or so.
And basically, these categories include Boico liquidity providers,
which also includes allocations from Pendle and Hourglass.
And this also includes early liquidity providers where we had XKDK pre-TGE rewards farms.
where we had XKDK pre-TGE rewards farms.
So users have already been able to claim
these pre-TGE non-transferable tokens into their wallets.
And then there's BGT boosters,
which will be distributed.
Basically users who directly boosted the Kodiak validators,
which we have two of them.
They will also be eligible for the XKDK airdrop. And then we also have Kodiak
Perps early adopters, XKDK distributed to users that filled out the feedback form and
did at least $100 in volume on Kodiak Perps. And just a caveat there, this is not related
to the actual Kodiak Points campaign that was being run on Kodiak Perfs.
That is a separate thing that will be handled
once the current competition ends,
which is the end of this month.
So not that much longer after our TG.
And then lastly, this is something more recently
that we decided just given one of our close partners
Infrared also TG'd.
So we wanted to add a category
because we thought this type of behavior
would also be reciprocated for us,
which is infrared accumulators,
users who basically claimed their infrared airdrop
on Verichain and then basically increased their holding.
And we actually took this snapshot
like shortly before we announced our tokenomics yesterday.
Yeah, and in terms of how the airdrop is being distributed,
for a lot of the categories such as Voico and the XKDK farms,
those have already been like the pre-TG XKDK rewards
have actually been distributed,
then they're on-chain verifiable.
And then over the next then over the coming days before our actual TG, we'll be distributing the rewards to everyone
else who's eligible in these other categories.
And in terms of how users will be able to convert these pre-TG rewards into real xkdk is right at TG we'll have a claim page where they can basically migrate
over their their old recalling the old pre-TG xkdk to the official xkdk and yeah that will be
available as soon as we TG.
Nice.
I'm kind of interested a little bit,
like this is a bit off topic to touch,
but with the infrared, the IR token,
how people who held their claim and then purchased more,
they might be rewarded with some KDK, it sounds like.
Is there any, and it kind of looks like maybe you're alluding to a similar thing,
like is this kind of a two-way street? If there's any hints you could drop there, maybe, maybe not,
I don't know. Yeah, our goal is we kind of set this precedent and everyone else in the ecosystem
and our partners reciprocate. I think it's a behavior that we wanted to kind of
incentivize,
just given that it helps the entire ecosystem out.
Okay, cool.
I think people can read between the lines there if there's some alpha there or not.
Sick, okay.
I feel like we covered the airdrop pretty thoroughly.
Is there anything we missed on that?
I feel like that was good.
Feel free to drop a comment if you guys have any particular questions.
We're kind of smashing through questions, to be fair.
Because I guess you also talked about Bear Ticket by Mouse,
because you said there are some other things that are going to be generating
revenue for Kodiak and this kind of suite of products you guys have been building
over the last year.
What can we expect that might be new on the product side of things in the near future?
What can we expect that might be new on the product side of things in the near future?
Yeah, so on the Perp side, our Perp launch has been pretty successful.
Like on the SpotDeck side, Kodiak has 90% market share.
And then on the Perp side, similarly.
And on the Perp side, we've been working on just advanced tooling for Perp.
the purpose side, we've been working on just advanced tooling for perps. So there's like,
actual like, like pro trading, like advanced tooling for perp traders to better to make
their trading experience better. And then we're also looking at additional products building on
top of the perp side. And then there's another category that we're actually pretty heavily focused on.
We'll be announcing pretty soon and for like close partners as well as like maybe like ex-KDK speakers later on, we'll give kind of early access to.
And this is also starts with a P and we're working with some heavy hitters here.
But yeah, that's all we can say for now.
But yeah, this isn't something
that's going to be launched like a year from now.
We're speaking a much shorter time period.
I love the cryptic.
It starts with a P.
That's all I'm going to give you.
Nice.
Actually, do you know something else
I think really went under looks
that you guys dropped maybe,
maybe like a month ago or so it was multi swaps as well.
I feel like that flew under the radar,
but that was a really cool feature you guys built.
Oh yeah.
Yeah.
Yeah.
Like on,
on the Kodiak side I know Barristato is listening,
but our devs,
including Barristato who leads the devs are correct.
And whenever they have issues, personal issues, or maybe things that are annoying tasks that they have to do every day,
or just things that users bring up that they wish they had a solution to, they get right on it and don't even tell some of us.
And then a couple days later, they send me a test link and then it's like
wow i didn't realize you guys had time to build this and yeah multi-token swap has been something
that um a lot of individuals have kind of asked us for um and we've just been um it's it's uh in
terms of the development it wasn't as complex but in terms of the ui um that's what we wanted to nail because not many other projects
have really done it and it's um and it's there's a lot of components to it so we wanted to make
sure that it was um as good as it could be um and hopefully with more projects launching um
it gets more use yeah i definitely think you did a good job. The UI is very clean and intuitive, if you ask me.
No, you guys did a great job on that one.
I think we kind of smashed through all our questions.
So I don't know if there's anything else you want to touch on,
please, by all means.
But we can kind of dig into some stuff.
I have some stuff I want to talk to.
I knew.
Exactly.
Perfect.
I was going to throw it to you.
Go ahead, man.
Yeah, for sure.
So as of now, ahead of launch, we've already seen you requested some reward vaults for your new token.
But I also wanted to know how does the bribing strategy in POL change now that you have KDK Live?
And how's that maybe going to improve how distribution is done with the community?
through how distribution is done with the community?
Yeah, yeah.
So one thing that's not changing is we still believe
that like auto BGT itself has been pretty helpful
for Kodiak and for Verichain
in terms of sustainable incentives for reward vaults.
So like we'll continue to have auto BGT for new islands
or new Kodiak poles that want to do so.
So these are trading fees that are redirected as incentives.
And then because we can get a multiplier or a higher efficiency on the output of the incentives.
And with KDK, we are still strategically thinking through it. But our goal is it's not just crazily inflate KDK.
It's using it in a way where if, yeah, basically similar strategy overall.
If you can bribe one KDK, but get, let's say, like two KDK
or like anything over one KDK worth of incentives
out of it.
I think that is a strategy where it accrues value back to KDK itself and can drive more
usage, more liquidity, more volume, especially as we build new products.
If we can incentivize with KDK, but we get a multiplier on that, then it drives revenue.
And that revenue is going back into like 60% of that is going back into the Kodiak reserve,
which is strategically and systematically acquiring KDK.
Yeah, no, that's cool. Because I guess right now you've been running on pure revenue to
incentivize everything. So having KDK in the mix is pretty interesting. Also in the
future, would you be open to do something like maybe help some of the protocols if they were
bribing using KDK? Like if they include that in the loop for auto BGT and stuff, would that be
some optionality for protocols that want to launch on Kodiak or something like that? Yeah. Yeah. Yeah.
Like, like in general, like we want more projects to build build on Baruchain on Kodiak, as well as help them with their token launches, because like, our first product was being a spot.
And then we want more projects on Baruchain, we want more TGs on Baruchain. So we're more than happy to help. And especially, yeah, like, I think the main, this is irrelevant because we're talking about KDK,
but everyone's asking when FaZe Finance is launching.
So hit us up whenever you get close.
No, for sure, man.
That's going to be a cool collab once we have it out.
But also on that area, like on how we leverage POL and all of that,
I guess maybe it would be nice to talk a bit about how Kodiak as a DEX
provides better performance to people in terms of incentives
because $1 of incentives in Kodiak is more than $1 incentives in other DEX.
So maybe touch on that.
Yeah, yeah.
That's one of the reasons why like Baruchain has been integral for Kodiak is this proof of liquidity system.
On other chains, you have DEXs that they get an initial grant from their L1 or L2 from some foundation.
And they use that for maybe like three to six months and then incentives dry out.
They use that for maybe like three to six months and then incentives dry out.
And then either in parallel or right after that, they have to start using their own token to incentivize liquidity.
For Barachain's POL, we've been able to redirect trading fees to the reward vaults to get a multiplier on the emissions, to get a multiplier on the incentives.
And that allowed LPs to be happy in getting boosted rewards
and for us to keep that liquidity
and provide traders with the best trading experience on bear chain.
And I think in terms of, yeah, the future, it's like Kodiak,
like we're spot perks and we're going to expand to more.
And we're always thinking of new mechanics to ensure
that we can retain the liquidity, grow the liquidity,
and then improve trading experience.
Cool. That's awesome.
And I also saw you were doing some collabs with other protocols,
like with Foxify right now.
I believe you have a promo. Maybe some people want to participate in that.
Maybe if you can talk a bit about how they can kind of access these funded accounts.
Yeah, yeah. So Foxify has integrated Kodiak Perks.
So Foxify is a funded accounts project.
So Foxify is a funded accounts project.
So funded accounts is pretty large in traditional finance or in the equities markets where individuals can,
individuals that want to trade but don't have enough capital or only have a small amount of capital,
they can actually get funding from these institutions or other firms.
And they're able to trade with a lot more capital than they have.
So with Foxify, users can apply, they can deposit X amount, and then Foxify will fund you with an additional amount.
So this allows users to kind of enhance their trading experience by being able to trade
with more capital.
But obviously this isn't all their capital.
So they're being lent to capital.
So there is some fee sharing, but that's because they're being lent capital.
But this allows them to do more and also open up more trades or open up larger trades.
And this is something interesting as we haven't seen this in crypto, but in traditional markets, this is pretty large.
And as it scales, it'll bring more volume to Kodiak, which generates more revenue for Kodiak, like the protocol itself.
Yeah, man, I think it's a super interesting promo.
And I think I saw Foxify tweet that a bunch
of the top leaderboard spots were actually occupied
by Kodiak traders.
So it's cool to see that people are actually using
the accounts and running it up.
Yeah, yeah, Foxify has integrated
with other large projects like DOIDX and a few others.
And yeah, when we initially talked to
foxify um we thought this was a cool idea we wanted to be one of the first and um yeah hopefully
it's all it's all and ever only kodiak traders on the leaderboard looks like that for now
yeah one thing i would also mention is that we are continuously working on getting like different pro trading terminals integrated.
So the first one that we integrated was Teal Street.
And that's pretty similar.
It's basically an advanced purpose trading terminal.
It gives you a lot more like granularity in terms of what you can do.
And an upcoming one that we're very excited about is also TreadFi, which makes it really easy to basically run these delta neutral strategies
across multiple exchanges.
And then also has some pre-built market making strategies that you can run.
And they've been getting a lot of attention lately.
So we're really excited to work with them as well.
Nice.
Soto told us we have to keep talking for another 10 minutes
because he's the boss today.
But I did have a question seeing Kevin's not here as well.
This goes back to the centralized exchanges.
Would you be guys looking at broadening your reach
onto different exchanges after Gate, after the launch,
even though it's been a massive,
I think it's been a massive turnout.
It's beyond my expectation.
Was this beyond your expectation to see this sheer amount of bids
on the token on Gate, by the way?
We're always bullish, though.
Of course.
Of course.
Yeah, and we don't look at charts.
One of our friends over at SPX, they don't look at charts,
and I've learned to not look at
charts my mental health has improved we study we study vibes in astrology it's much healthier than
looking at charts i'll tell you that yeah yeah yeah but um yeah going back to your question
yeah like uh we're launching with gate and then we're also launching with another tier one exchange
um probably the top one in the world and that that's the Kodiak Spot Decks itself.
But yeah, obviously like we want master distribution.
We want others because these listings allow people to hear about Kodiak.
And then, especially as we launch some of our newer products, we want them to
check out Kodiak and then become users.
So yeah, like our core plan, like internally, like we're just going to continue building and
and people want to list us, they can and we'll get good distribution.
Sorry, I just have someone answer the door.
Apologies.
Oh, no worries.
There's not a space without a weird, awkward silence.
I think we throw it to the community if we've got some questions.
If anyone's got any, I will check the comments. Bear with me.
Okay. If anyone's got any, I will check the comments. Bear with me. I guess... Sorry. I'm sure we could have Migs come on up here that's true because we have because Migs did send some questions which we
put a line through but I think we've got time for him so if you want to jump up mate
my thing's glitching on me I can't see the comments so if uh if someone else has can get
them for me
i guess i got a random one just because I'm thinking of Top of the Dome.
Do you think launching on the 23rd of December is going to mess up your Christmas plans?
Are you going to be staring at screens over Christmas lunch?
I think that's been like us for the past five, six years and everyone here, right?
Yeah.
I guess we've all become experts at multitasking. Five, six years, and everyone here, right? Yeah.
I guess we've all become experts at multitasking.
That's true.
Actually, I think even this time last year,
there was rumors like Bear Chain was going to launch around Christmas from memory.
I remember it was a pretty edgy Christmas.
Yeah, I think last year we were all on spaces for the Bear Chain Boyco stuff because that's when they announced Lombard, Sikestone, Athena,
all these major projects were doing spaces.
So not much different from last year.
Hopefully Kodia can commence a little Santa rally.
We'll see for the entire market.
I'd appreciate that.
Yeah, my thing's rugged.
I can't look up comments.
I don't know if anyone else can see them.
I'm sorry, community.
I can't answer you.
Can anyone else see the comments?
My screen is currently broken.
broken.
We're tucked
We're teched out here.
out here.
I guess if
we can't get anyone else up here, I think
maybe we can wrap it up for today.
There he is.
There he is.
Hey guys, BM.
Thank you for making the time.
I was worried, Tez, with your glitching that we
wouldn't be able to get into it. I'm excited. I'm excited. I'm excited. I know I had sent over a small list, but I know when Beretic was talking, he kind of had covered at least one, if not two of them. was the VIP tiers that were mentioned. Are those exclusive for ex-KDK holders and or stakers,
or are people that actually hold the regular KDK token
able to participate in those VIP tiers as well?
It'll be still in design, but it'll be ex-KDK stakers
because those are the long-term aligners.
And those are also
the ones that are able to participate in governance as well as earn protocol loyalty rewards. So we
want to continue giving them benefits. Got it. So the stakers only. That makes sense.
Basically, the idea is how can we buff up the Kodiak utility side of things? And this is one of
those mechanics. And so, yeah, we're going to keep experimenting, keep seeing what we can do. can we how can we buff up the Kodiak utility side of things um and this is one of those this is one
of those mechanics um and so yeah we're going to keep experimenting keep seeing what we can do
um and keep trying to like innovate on that front perfect perfect and I know you had mentioned the
categories as well that was uh Boyco uh the early liquidity providers BGT boosters and the perps
early adopters which is separate as you, from the current points program that's going. Are those distributions
for those four categories, have those already been distributed? Meaning when we log into the site in
our upper right corner, when we log in with our wallet, we'll see a little XKDK and a number there.
Have those four categories already been distributed right now what's been distributed
was the boyco um and and the xkdk farm so people who like farmed um like any of the farms that we
had with partner protocols or major pools that had xkdk uh pre-tg rewards as a incentive token um
early on um those have already been distributed. Everything else will be distributed
right before TGE itself.
And we'll be able to see that distribution
in that same area in our wallet
when we log in, correct?
Yeah, so we'll have a page within the web app
and it will be a conversion from pre-TGE XKDK
to the final form of XKDK.
And that will go live on the day of TGE.
Now we're cooking with gas.
Now we're cooking with gas.
There was one small kind of one-off situation that I was curious on specific to the BGT boosters for the Kodiak validators.
There were a couple other protocols in the ECO that had kind of partnered
with staking of BGT with certain validators.
If you participated with that program and you delegated your BGT to Kodiak,
but through them, would that also have been counted
or would you have needed to boost directly?
Yeah, so no protocols got it because otherwise the infrared
protocol would have gotten all of it because they were the largest booster. So we have excluded all
the protocols and are incentivizing direct users themselves. Hard copy. And then again,
one final thing. Love what you guys have done with the setting,
the standard for claiming an airdrop and adding to it. I think it really sends a strong message
to the community members of kind of how builders and how people look at valuing loyalty and
valuing kind of behavior when you look toward the future. So really, really a huge fan of that.
Just wanted to celebrate that again and say thanks so much for that.
I think it's a really, really great idea.
And hopefully others will follow behind you.
Appreciate the time.
No, no, Migs.
Thank you as well, Migs.
Yeah, Migs, we love you.
You're one of – we love all our community members, but we just appreciate all your feedback
and all your help and input over the past couple months.
Been a pleasure.
Looking forward to talking about it tonight.
See you guys soon.
Thanks again for the questions.
That was a plug for Bearer Breakdown.
Check out Migs on Bearer Breakdown later tonight.
The goat right there.
Shout out Migs.
Stottle said we're good for time now.
We can all leave everyone.
So, Migs, I wanted to also say,
I did try to make your questions in there
as much as possible.
Some of them we had to rule out,
but you got in here and got them anyway,
just to let you know.
Appreciate you.
Wasn't trying to silence you um cheers all right well um
i really appreciate it guys it's been it's been too long since we had a chat so uh yeah thanks
for answering our questions appreciate it yeah thanks so much um uh tezza nomad um we love you
guys as well and yeah let's chat we'll chat. We'll continue chatting anyways. And thanks, Fairchain, for hosting this.
And thanks, everyone, for joining.
We'll see you all later.
Hi, guys.
Thank you all for showing up.
Thanks, guys.
Who's hosting over there, Smokey?
Whoever's there.
Thank you. Thank you. Thank you.
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