Konra is governed by Time

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Avatar for TheEmpress
1 year ago

Konra is unique as it's scarce, in high demand, existing since before SmartBCH came around and is ultimately controlled a lot by the most finite resource in the world:

Time

We all have a limited amount of time, and everything in life is governed and ruled by time. As such, it's one of the few ways to make a token like Konra fundamentally stronger.

That Konra is ruled by time isn't something that's often talked about but it's the one thing setting it aside from all other currencies and tokens on the market. One way it's governed by time is by the strict minting schedule, which must be adhered to at all times.

Let's talk about that minting schedule for a moment. Normally inflationary currencies and tokens aren't as popular as those who have a closed minting baton and a total supply that's fixed.

While this would have been one way that I could have developed Konra which probably would have done great on the short term I decided against it as with Konra the long term is much more important than the short term.

Ultra low supply tokens with a closed minting baton may raise in value significantly over the short term, but they can often fail on the long term as they can never achieve a significant market cap. (a token with a fixed 1000 supply would have to reach a value of 10000 to get a 10 Million dollar market cap and a value of 100000 to reach a 100 Million dollar valuation.) By looking at what it took for Bitcoin and Ethereum to get to those kind of values shows that this isn't something easy to accomplish for any project. As such, having it be fixed supply at a very low supply may work for a single use token, where as the market cap doesn't matter but wouldn't likely work for any project that's looking to significantly ramp up their community and use cases over time.

Konra has larger shoes to fill in the future than right now and a slow - deliberate and highly controlled increase of supply that corresponds to both time and our community growth was the best option for it on the long term.

For Konra to grow into what it must become, there must be issuance, but this issuance has to be * extremely * slow. Even when it does increase the minted tokens must be used to slowly increase it's reach and built towards it's future.

This means, after minting often it's necessary to create or boost trading pairs that are Konra - centric, creating or getting ranches which reward those who provide Konra pair liquidity; creating avenues how community members can earn / or receive Konra and so forth.

Decentralization and fairness in distribution is the key there. Ideally there should always be a way to trade any token into Konra and trade Konra into any token with ease on most of the major and medium DEX's.

In this way of doing it - minting no more than once every 14 days (and often waiting longer than that to do so) keeps the supply very lean over the long term. The total supply is still well under 2000 Konra, almost 10 months after it was first created.

It is time that's the factor that will determine long term success as Konra has a lot of room to grow, just it'll do it slowly.

The most important take away there is that Konra may be 1$ or it may be 5$ in instances it may even raise above 10 - 15$, but fundamentally it can move seamlessly as the market decides that the project is maturing and growing an in acceptable way. There's not that much standing between single digit value Konra and three or four digit value Konra as the supply is very scarce no matter how you look at it. With the Kingdom being a small project as we are still right now, this isn't much of a deal, but with each step taken to grow the Kingdom and add more use cases to Konra it'll increase it's value and demand -- all while the supply is barely increased as it's strictly controlled by time.

Think about this for a moment. The use cases and demand will go up as we grow, but the supply barely moves meaning the only thing that can move is it's value. If 10 people want some Konra it's not that noticeable, yet what about the day when 1000 people want it or even need it for something?

For instance, lets say the Konra Kingdom becomes a million dollar project in the next year. That's 12 months. Unlike DEX tokens and other mintable currencies, the total amount of Konra would still be insanely crazy low, much lower than 99.5% of other tokens and coins on the market. This means everything you and I and our whole community does to grow the project - no matter how small - will directly increase the demand on Konra and therefore it's value.

And the best news is, due to the recent bear market and coinflex situation Konra is available for only 1.50$ or 0.0138 BCH right now.

Contract Address: 0x4F1480ba79F7477230ec3b2eCc868E8221925072

MarketCap Listing: https://www.marketcap.cash/token/KONRA

Farming and Ranching Options: BenSwap Ranches & TangoSwap 2X Farm

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1 year ago

Comments

I am holding a small amount of KONRA right now. As much as I wanted to get some but I have no funds to buy but hopefully if the price will still be low and I had funds to buy, I will get some. I am loving this project eversince.

$ 0.00
1 year ago

I'm sure there will be plenty of chances still, it's still really early :). In addition there will be ways to earn Konra too - now there's some harvestable in a few farms already for providing liquidity and later on there will start being some small Konra bounties for doing things to boost the project so everyone can slowly get more of it.

$ 0.00
1 year ago

Does Konra has a ranch in benswap? I haven't explore the farms of KONRA yet but I'll definitely explore those once my internet connection becomes stable. As for now, I only have Rasjin and Narath put in Farms.

$ 0.00
1 year ago

Yes, there is one that pays out in Konra on BenSwap Ranches and there is a tango swap 2X farm that also pays out in Konra. There are also new ranches added every week or two to BenSwap for different trading pairs, in fact I added a KONRA - JOY one yesterday night. Lots of farming options & if you just want to HODL your tokens in your wallet there are distributions for that too if you hold over a certain very reasonable thresh hold.

$ 0.00
1 year ago

Wow, there's also in tango swap. I will explore it right now. Thank you for the information. It's been how many months that I hadn't check Tangoswap dex.

$ 0.00
1 year ago

And is no better time to get some Korna then now!

$ 0.00
1 year ago

So true, I hope people will grab some of it before it really takes off.

$ 0.00
1 year ago

We told them.... what else can we do?

$ 0.00
1 year ago

Let time do it's thing and I'll be creating more farms and ranches over time. Hopefully then they'll come try it out if they see them there for months on end.

$ 0.00
1 year ago