Discontinued Tax Structure and Wallets

Prior to the community ratification of KIP-06, which restructured the KDOE tax to its current 0% buy and 0% sell levels, there was a tax structure in place for decentralized exchange buys and sells of KDOE on the Ethereum chain. The management and safeguarding of the funds generated when the KDOE tax was in place remains of the utmost importance. To this end, all funds are securely stored in multi-signature wallets under the oversight of the project's team. To ensure transparency and community trust, the project will make the wallet addresses available for public monitoring; links for those wallets are provided below.

We understand that transparency is crucial for maintaining the community's trust; however, there may be instances where the team cannot disclose certain transactions due to the need to protect sensitive information under privacy and non-disclosure agreements. In such instances, we request the understanding and trust of our community while we work to comply with all legal and regulatory requirements.

Tax Fund Allocations

Marketing

The funds will be allocated towards expenses related to promoting the project and expanding the community. This includes, but is not limited to, advertising and public relations campaigns, creating marketing materials such as videos and infographics, and utilizing social media and influencer marketing to increase awareness and interest in the project. These initiatives are crucial for driving user adoption, increasing community engagement, and ultimately, contributing to the long-term growth and sustainability of the ecosystem.

Development

These funds will allow us to allocate necessary resources towards expanding our development team and realizing the milestones outlined in our project's roadmap. These funds will be crucial in recruiting skilled and experienced personnel, as well as covering associated costs for the ongoing development and maintenance. Through the expansion of our team, we will be able to accelerate the pace of development and enhance the scalability, security, and overall user experience.

Liquidity

Tax proceeds collected in the liquidity wallet are intended for the purpose of providing liquidity and covering exchange-related fees on both centralized and decentralized platforms. We are committed to listing our project on reputable, top-tier exchanges, as well as ensuring liquidity on decentralized exchange platforms, such as Uniswap on Ethereum blockchain and Pancakeswap on Binance Smart Chain. This approach is critical to ensure the smooth functioning of the ecosystem, market stability, investor confidence, and growth of the project.

Burn

The Burning Mechanism for our project has been designed as a manual process. The decision to opt out of an automatic burn mechanism has been made in order to future-proof the project and provide flexibility in adjusting the fees as necessary. Transparency and accountability are of the utmost importance, thus all burns will be made public and fully transparent to the community.

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