ℹ️
Karrier One FAQ
Karrier One FAQ
Karrier One FAQ
  • Welcome
  • Introduction
    • Karrier One
      • Network summary
      • Centralized vs Decentralized telecom
      • Why do we use blockchain?
      • Karrier One & Competitors
      • Remote community solutions
      • Data Protection
  • Token FAQ
    • Blockchain
      • Selection of blockchain
      • Use of smart contracts
      • Building on Karrier One
    • Tokenomics
      • The KONE DAO
      • What is the KONE token?
      • How will KONE be used on the network?
      • Token distribution
      • Inflationary metrics
      • Your KONE Wallet
  • Network FAQ
    • Node Information
      • What is a Foundational Node?
      • What is a Gatekeeper Node?
      • What is an Operator Node?
      • How are rewards distributed?
      • Quality of Nodes
    • KNS / Digital Identity
    • Users on the Network
    • Spectrum & Band 53
  • Support
    • How can I contact support?
    • How can I purchase KONE?
    • Keeping your Crypto Secure
    • Karrier One Radios
      • Are radios refundable?
      • What radios are available for purchase?
      • Radio installation
      • Which regions are available for deployment?
      • How do I optimize my radio's performance and earn rewards?
  • Developers
    • Karrier One API
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How will KONE be used on the network?

PreviousWhat is the KONE token?NextToken distribution

Last updated 1 year ago

The KONE token serves multiple uses on the network:

  • Transaction Fees: Fees are charged in KONE and remitted to node operators, proportional to the aggregate network fees on the Karrier One Chain. Ticket holders can delegate their tickets to preferred node operators and receive a part of the transaction fees.

  • Gatekeeper Rewards: About 8% of the total KONE supply is reserved for initial Gatekeeper rewards, intended to stimulate the deployment of in the early stages of the network.

  • Inflation Rewards: 20% of the total KONE supply is designated for inflation rewards, divided among node operators. The inflation rate will gradually decrease, reaching zero by the 20th year.

  • Governance: KONE token holders can vote on Karrier One Improvement Proposals, which are essential for innovation of the network. This is done through the .

  • Blockchain: Activities related to the Karrier One, such as deploying smart contracts, NFTs, tokens, and managing fees, will require the use of KONE.

  • Payment for Creating PNS Profiles and Transaction Fees: KONE is the default currency for transactions involving the purchase of PNS profiles and settling fees within the Karrier One Dashboard/Wallet.

Gatekeeper Nodes
KONE DAO