Following our debut sale of YAY Games, the saying, “one good turn deserves another’’ is indeed fitting. As part of an enviable lineup of upcoming sales, we are proud to present Kalao as our next IDO offering. We are particularly excited about this project as the Kalao vision involves nothing less than “building the future of the digital and virtual world.”
The sale date is confirmed for 9/22/2021 with registration opening on 9/17/2021. The details can be found below in the “Sale” section.
Kalao Overview
Avalaunch has worked closely with Kalao for several months now and this upcoming IDO represents a maturing project that is now poised to enter the market. Certainly, NFTs have made headlines for the jaw dropping bidding wars that have taken place but Kalao’s marketplace and “Citadel” debuts in the realm of digital art with plans to venture well beyond.
Kalao sees an intersection between NFTs, virtual worlds and online marketplaces with an aim to create convergence across these powerful sectors. Built exclusively for the Avalanche blockchain and entirely decentralized, it is an imminently scalable solution as non-fungible tokens are unique; allowing for traceability and unimpeachable token ownership to go with nearly unlimited applications. The initial use case is to provide creators a place to showcase their wares and build virtual businesses, however, Kalao’s marketplace aims to reimagine the capabilities of NFTs to include property, ticketing and even luxury goods.
Quick Take
Fundamentally speaking, we feel that there is a lot to like about Kalao. It takes a fragmented space and aggregates it; housing it in an attractive destination marketplace. There are opportunities for exclusivity, streaming, virtual land and myriad potential use cases. As a platform provider and medium for all things NFT, the team is well-suited to deliver on their vision to create a sort of “ecosystem for the ecosystem.”
Co-Founder of Avalaunch, Mark Stanwyck, notes, “As much as I like Kalao’s vision and the space they’re in, what has impressed me most is how the team genuinely understands that community remains at the forefront. From their tokenomics down to their socials, they’ve given themselves every chance for success in all aspects of their project by making adjustments to appeal to a discerning crypto public. It’s been an absolute pleasure to work with them and I foresee a long, meaningful relationship. Kalao represents a win for the Avalanche ecosystem and we’re proud to have been there at the very beginning of their journey.”
CEO of Kalao, Hassan Benahmed, responds, “The team at Avalaunch has been there for us from the very beginning. It has been a delight to work with them and I see a perfect match between our teams as they always put the community first in everything they deliver, just as we do. We’re happy to confirm that we adjusted our public sale size from a much lower number to $550,000 USD. It will be an opportunity for Kalao to onboard even more community members. I’m very much looking forward to the IDO and am excited about bringing our great products to the market soon thereafter.”
Kalao is accessible and easy-to-understand despite the sophisticated technology behind it. We strongly encourage anyone interested to explore the project and gain an understanding of the vision. For more details about Kalao, please visit their Medium and website.
The Kalao IDO on Avalaunch
- Sale Size: $550,000 USD
- Tokens for Sale: 13.75M KLO at .04 USD (Total Supply: 500M KLO)
Schedule
- Registration Opens: Friday, September 17th @ 3:00 p.m. (UTC)
- Registration Closes: Monday, September 20th at 3:00 p.m.(UTC)
- Sale Opens: Wednesday, September 22nd @ 7:00 a.m. (UTC)
Rounds
Each round will last 12 hours.
Validators Round: Wednesday, September 22nd at 7:00 a.m. (UTC)
Public Round: Wednesday, September 22nd at 7:00 p.m. (UTC)
Community Staking Round: Thursday, September 23rd at 7:00 a.m. (UTC)
Funding Numbers
- Seed: 40,000,000 KLO at .025 USD — 1M USD
- Private: 51,000,000 KLO at.035 USD — 1.785M USD
- Public IDO: 13.75M KLO at .04 US — 550K USD
- Hard Cap: $3,335,000 USD
Supply Breakdown & Vesting
Total Supply: 500,000,000 KLO
- Community Rewards: 209.35M KLO — 1 month lock-up followed by 120 months of linear vesting
- LP Farming: 11.15M KLO — 1 month lock-up followed by 3 months of linear vesting
- Sales: (seed, private, public): 104.75M KLO
- Seed: 40M KLO — 8% at TGE followed by a 3 month lock and 24 months of linear vesting
- Private: 51M KLO — 10% at TGE followed by a 3 month lock and 24 months linear vesting
- Public: 13.75M KLO — 25% at TGE followed by weekly unlocks for 6 months
- Team: 75M KLO — 6 month lockup, 36 months linear vesting
- Ecosystem: 58.5M KLO — 1 month lock-up followed by 36 months of linear vesting
- Advisors: 32.75M KLO — 6 month lockup, 36 months linear vesting
- Liquidity: 4.5M KLO 50% at TGE, 50% at month 2
Bounty campaigns
- Private sale bounty: 2.5M KLO — 1 month lock-up followed by 6 months of linear vesting
- Marketing sale bounty: 1.5M KLO — 1 month lock-up followed by 6 months of linear vesting
The Kalao Sale On Avalaunch
The Kalao IDO will take place at launchpad.avalaunch.app beginning on Wednesday, September 22nd at 7:00 a.m. (UTC).
The sale will consist of three rounds, each round lasting for 12 hours.
Avalaunch Sale Distribution:
- Total KLO for Sale: 13.75M
- Price: .04USD
- Size: $550,000 USD
- Vesting: 25% at TGE followed by weekly unlocks for 6 months
Other:
- Circulating Supply of KLO post TGE: 11.7375M KLO*
- Day 1 Market Cap (based on circulating supply): $469,500 USD*
- Both the circulating supply and Day 1 market cap do not include tokens that may be provided for liquidity.
Wrap Up
Avalaunch believes that the recognition of NFTs as art and unique assets has merely begun. As promising as it is, the equally compelling and less talked about component where worlds truly become blurred is the authentication and representation of real world assets on the blockchain as non-fungible tokens.
Kalao fully recognizes the importance of an intuitive destination where value can be realized, created, stored and displayed. Their initiative to fill this void and application of VR foreshadows a future that we believe is worth contributing to.
Kalao comes to market with a clearly defined roadmap, smart tokenomics, a strong understanding of the importance of community, a potent team and the type of drive and adaptability required to make such an ambitious undertaking go. We have had the pleasure of working with them for a few months now where they have made demonstrable progress on a number of fronts. We are elated to see them exposed to our community and far beyond.
About Kalao
Kalao is an NFT ecosystem, leveraging a cost-effective and easy-to-use marketplace, powered by Avalanche blockchain technology combined with outstanding Kalao VR capabilities. Its framework will accelerate adoption of VR technology to develop virtual worlds and sustain digital transformation of business use cases.
