- Name:
karpatkey Token - Symbol:
KPK - Native Chain:
Ethereum Mainnet - Standard:
ERC-20 - Decimals:
18 - Initial Total Supply:
1_000_000_000
KPK is a utility token, designed for the purpose of facilitating and delivering alignment across the different stakeholders in karpatkey DAO, to push collectively towards the project’s mission.
The primary utility of the token will be the governance of our DAO. More specifically, KPK will used to define treasury parameters and budgets, and to authorise large initaitives like OTC deals, buybacks and other strategic investments.
The initial total supply will be 1 billion KPK. The token will be non-transferable at launch, and will remain so for the foreseeable future, unless and until token transferability is enabled by the DAO.
The karpatkey token contract is ownable and the initial token supply is minted to the specified owner (the karpatkey DAO). Ownership can be transferred and renounced at any point.
The karpatkey token is initially not transferrable. The only exceptions to this are (i) the owner of the token contract and (ii) tokenholders that might be granted specific transferring permission by the contract's owner.
The contract is initially deployed in paused state, which makes the token non-transferrable by default, except for in the case of the token contract's owner or permissioned users.
When the contract is in paused state the owner can allowlist addresses granting them unrestricted transferring permission by calling the transferAllowlist method.
The transferAllowlisted method indicates whether an address has been allowlisted or not.
An allowlisted address is able to transfer and burn tokens by calling the transfer and burn methods, respectively, or by having an approved spender (through the ERC20 approve method) call the transferFrom and burnFrom methods.
When the contract is in paused state the owner can grant permission to an address to transfer tokens to a specified recipient via the increaseTransferAllowance and decreaseTransferAllowance methods.
The transferAllowance method returns the amount of tokens a tokenholder is allowed to transfer to a specified recipient.
The contract is unpaused by its owner calling the unpause method. Once unpaused it cannot be paused again.
Once unpaused the token is made fully transferable, and the transferAllowlist, transferAllowlisted, transferAllowance, increaseTransferAllowance and decreaseTransferAllowance methods are rendered obsolete.
The initial total supply of 1 billion karpatkey tokens is minted to the contract's owner at deployment. Tokens can be minted or burned by the contract's owner via the mint and burn, burnFrom methods, respectively.
When the contract is in paused state, tokenholders (other than the contract's owner) cannot burn tokens unless thay are allowlisted via transferAllowlist or are granted transfer allowance via approveTransfer with the recipient being the zero address.
Once the contract is unpaused, tokenholders can freely burn tokens via the burn and burnFrom methods.
To recover ERC20 tokens that have been sent to the contract the owner can call the rescueToken method to transfer these tokens to another address.
The contract is upgradeable following the Transparent Proxy pattern.
The contract inherits Open Zeppelin's ERC20VotesUpgradebale contract for the deployment of a Governor contract. Once on-chain governance is enabled, users will need to delegate their voting power (including to themselves) in order to have their voting power tracked by the contract.