Mint 7,040,870 KAB to Decent Partners

Proposal

This proposal is to mint 7,040,870 KAB to Decent Partners verified address with the purpose of giving the UK company ~10% of the current 70,408,700 supply and a post-mint share of 9.255% in an expanded supply of 77,449,570.

Any future mints of KAB will continue with a 10% minting fee being sent to Decent Partners.

Rationale

This proposal aligns to ongoing work to create a legal and technical structure that links existing Kabocha tokens to equity or equity-like rights in Decent Partners Ltd potentially with programmable features, while ensuring compliance with existing and emerging regulations.

The primary aim is to iterate towards a model where tokens are bearer assets - representing legally enforceable rights/obligations in the Decent Partners network public company.

Voting

Token holders can aye/nay/abstain on this mint in Kabocha ref 11 by voting with their KAB here.

Network ownership cap

The design caps Decent Partner’s share in the network at 10% irrespective of the number of future mints.

Decent Partners currently holds 128,583.8325 KAB equal to 0.1826% of the network’s outstanding supply.

Step Cumulative Mint After First Total Supply DP Holdings DP % Share
0 0 77,449,570 7,169,453.8325 9.255%
1 10,000,000 87,449,570 8,169,453.8325 9.341%
2 20,000,000 97,449,570 9,169,453.8325 9.412%
3 50,000,000 127,449,570 12,169,453.8325 9.548%
4 100,000,000 177,449,570 17,169,453.8325 9.676%
5 200,000,000 277,449,570 27,169,453.8325 9.790%
6 500,000,000 577,449,570 57,169,453.8325 9.901%
7 1,000,000,000 1,077,449,570 107,169,453.8325 9.946%
8 2,000,000,000 2,077,449,570 207,169,453.8325 9.972%
9 10,000,000,000 10,077,449,570 1,007,169,453.8325 9.995%
10.00%

Background

Kabocha’s blockchain network has been developed to date without any external fundraising by a globally distributed network of contributors through a multi-year process coordinated by Decent Partners.

  • The Kabocha supply is fully diluted with no outstanding or vesting tokens.

  • Tokens can be used within the network’s internal logic to execute a range of actions.

  • Tokens have never been listed on a centralised or decentralised exchange.

  • The tokens confer no associated rights or obligations.

  • Tokens are transferable.