CryptoCurrencies
15454
 Total Market Cap
3,529,981,762,305
 Volume 24h
434,869,387,678
 Dominance
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SORA Chameleon
KARMA

853.32
$
0.00 %
Change 24h
Market Cap
$ 0
Total Supply
123
KARMA
$

Description

The KARMA token provides farming rewards to liquidity providers in the XOR-ETH pool on Polkaswap. By participating in liquidity provision for this pool, users are rewarded with KARMA, encouraging more liquidity in the Chameleon pools. KARMA also has a deflationary mechanism. During the initial mint, which ended on June 6th, 1 KARMA token was minted for every 10 million XOR burned. After this initial minting, the KARMA token becomes deflationary, with 1% of minted KXOR used to buy back and burn KARMA tokens.