​
Overview

The Kittenswap Token Generation Event (TGE) is designed to ensure a fair and transparent distribution of KITTEN and veKITTEN tokens while establishing a strong foundation for the protocol’s long-term success.

The TGE will be held in HYPE tokens and will take place on the HyperEVM.

The max ceiling for the TGE is 55,000 HYPE.

After the DEX is launched on the HyperEVM, you will be able to claim the veKITTEN and KITTEN tokens.

​
TGE price

12% of the veKITTEN/KITTEN will be allocated for the TGE. The price will be approximately 0.000458 HYPE per KITTEN.

​
Launch price & initial liquidity

A minimum of 30,000 HYPE (or approximately 54% of raise) will be paired with 60,000,000 KITTEN tokens (6% allocation) in a vAMM-KITTEN/HYPE pool to form the initial liquidity.

The initial price of KITTEN will be approximately 0.0005 HYPE per KITTEN on launch.

​
Claiming veKITTEN and KITTEN

On launch, claiming will be available on the dApp, given a user-defined ratio (and instant exit penalty applied).

The ratio will start at:

  • 100% veKITTEN

  • 0% KITTEN

By increasing the KITTEN ratio, you will need to pay an instant exit penalty of 50% in HYPE token at the launch price.

The maximum ratio will be:

  • 50% veKITTEN

  • 50% KITTEN

All exited penalties from the TGE will be used to defend the price floor and pair with the remaining 40,000,000 KITTEN tokens (4% allocation) to increase the protocol-owned liquidity.

​
Raised HYPE funds distribution

30,000 HYPE (or approximately 54% of raise) will be paired with KITTEN in a vAMM to form the initial liquidity pool.

25,000 HYPE (or the remaining) will be held in the treasury:

  • External audits (when required) will be paid out from this

  • Liquidity and vote bribing incentives

  • Runway for development