# Tokenomics

$KROM is a non-mintable ERC-20 token initially deployed on Ethereum, with a total supply of 100 million. Our token is secured by OpenZepellin and audited by MythX and CertiK.

## Fair Launched

$KROM is a fair launched protocol (now DAO). No seed sale, no private sale or VC's. 60m $KROM tokens were initially added on V3 Uniswap ETH L1 (main-net) and then the liquidity was burnt. The initial deployment expenses were paid by the former founders.

Initial liquidity breakdown:

<table><thead><tr><th width="226.71060011217054" align="center">Network</th><th width="194.33333333333331" align="center">Contract Address</th><th align="center">Initial Circulation Supply</th></tr></thead><tbody><tr><td align="center">Ethereum</td><td align="center"><a href="https://etherscan.io/token/0x3af33bef05c2dcb3c7288b77fe1c8d2aeba4d789"> CA</a></td><td align="center">60 million</td></tr><tr><td align="center">Arbitrum ONE</td><td align="center"><a href="https://arbiscan.io/token/0x55ff62567f09906a85183b866df84bf599a4bf70">CA</a></td><td align="center">10 million</td></tr><tr><td align="center">Optimism </td><td align="center"><a href="https://optimistic.etherscan.io/token/0xf98dcd95217e15e05d8638da4c91125e59590b07">CA</a></td><td align="center">10 million</td></tr><tr><td align="center">Polygon</td><td align="center"><a href="https://polygonscan.com/address/0x14af1f2f02dccb1e43402339099a05a5e363b83c">CA</a></td><td align="center">0.5 million</td></tr></tbody></table>

Proof of liquidity (position) was burned for better security and to prevent rug pull hacks. You can find the transaction [**here**](https://etherscan.io/tx/0x26c782eb49c42979c259dda936f28b77ae8dbeef16da3ec341d06cb437034ac4):&#x20;

{% embed url="<https://etherscan.io/tx/0x26c782eb49c42979c259dda936f28b77ae8dbeef16da3ec341d06cb437034ac4>" %}

* Initial listing token price: 1 $KROM = 1 000 gwei = 0.000001 ETH
* $KROM has a total supply of 100,000,000 tokens.
* $KROM token is fully minted, which means the circulating supply is the total supply.

## Initial Distribution

<figure><img src="https://3319975428-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FoxScRKy1rYzwfDKYX6RP%2Fuploads%2FkFbzofMUHx2cPaC54cmK%2FI%20%20Distribution.png?alt=media&#x26;token=4c72165b-b8bd-4c0f-ac07-54d426089cec" alt=""><figcaption></figcaption></figure>

## Current Distribution

<figure><img src="https://3319975428-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FoxScRKy1rYzwfDKYX6RP%2Fuploads%2FQsoPPk9jLO34DYp7KQCE%2FC%20%20Distribution.png?alt=media&#x26;token=5a7a9c6f-0249-4d7d-baa9-8cf1f14274e7" alt=""><figcaption><p>Current Distribution reflected as December 2022</p></figcaption></figure>
