TGE

The TGE will be held in USDC tokens and will take place on Arbitrum.

The max ceiling for the TGE is 750,000 USDC.

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

TGE price

15,000 veKITTEN/KITTEN will be allocated for the TGE. The price will be 50 USDC per KITTEN.

Launch price & initial liquidity

A minimum of 350,000 USDC (converted to HYPE) will be paired with 6,000 KITTEN tokens (6% allocation) in a vAMM-KITTEN/HYPE pool to form the initial liquidity.

The initial price of KITTEN will be approximately $58.33 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 USDC/HYPE token.

The maximum ratio will be:

• 50% veKITTEN

• 50% KITTEN

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

Raised USDC funds distribution

• 350,000 USDC (converted to HYPE) will be paired with KITTEN in a vAMM to form the initial liquidity pool.

• 400,000 USDC (a portion converted to HYPE) will be held in the treasury:

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

  • Liquidity and vote bribing incentives

  • Runway for development