Not Distributed, KNINE Token Investors Are Disappointed, This Is The Explanation Of The Developer Team!

KNINE is a token from K9 Finance. (Photo; Doc. K9 Finance)

JAKARTA - KNINE investors never receive the token they bought during the presale token. Although pre-sales of K9 Finance (KNINE) tokens have been successful, many investors are still waiting for their tokens. For information only, K9 Finance is a project from the Shiba Inu ecosystem.

My boss, head of marketing Shiba Inu, gave an explanation through platform X of the divesting token and cliff mechanism which was part of KNINE's pre-sales by K9 Finance DAO.

According to a TheCryptoBasic report, at the start of the year, Buzz, founder of K9 Finance, announced a pre-sale of KNINE sold out on January 31, 2024. A total of 76.02 billion KNEINE, or 7.6% of the total supply, was offered at a price of 0.000009 US dollars per token. However, the official launch of KNINE on March 7 was not followed by token distribution to investors. This caused disappointment and protests on social media.

menjelaskan bahwa periode cliff adalah masa di mana token tidak diserahkan kepada investor saat membeli token di masa presale. Setelah periode ini, investing dimulai, memungkinkan distriasi token secara bertahap sesuai jadwal yang ditentukan. Ini dimaksud untuk mendorong komitmen jangka panjang dan menghindari penjualan massal yang dapat merugikan nilai token.

KNINE has a decade period of 30 days and its divesting 30 days later. The first claim of presale tokens is scheduled 30 days after divesting. CryptoRank data shows that only 8.6% of the total KNINE supply has been opened. The next opening is scheduled for April 7, with 19.38 billion KNINE tokens (1.94% of supply) to be available. Currently, KNINE is trading at $0.000201, an increase of 2.133% from presale prices.