Kim Exchange

IT’S GOING TO ZERO (the supply, we mean).Like a balloon with a pinhole in it, tssssssss, $KIM deflates. But, y’know, in a less sad manner. And, in the end, instead of having a deflated piece of rubber on your bedroom floor (not that deflated piece of rubber), you have an increasingly rewarding DeFi asset - $KIM &amp; $xKIM.#Let’s dive into how exactly $KIM deflates over time.<h2 id="header-0">KIM’s Deflationary Mechanics</h2>The maths is simple, anon.Every time you trade on Kim, the protocol earns fees.Now, 3.5% of those fees go toward buying back and burning $KIM from the open market.Kim earns $100k in fees (pfft), that’s a $3,500 buyback.Kim earns $100m in fees, that’s a $3,500,000 buyback.(and burn).This creates a long-lasting deflationary mechanism for the supply of KIM. As Kim usage grows, KIM supply decreases. Kinda weird how that sentence makes sense, huh?Catch the first burn <a href="https://explorer.mode.network/tx/0xf7a782e31368e0feb371a7bfd5d1db47fd82c410e740e55008953a5ada1f1ec6" rel="noopener noreferrer nofollow">here</a>.<h2 id="header-1">Let’s Party:  The Buyback and Burn Event</h2>Okay, anon, since we’re so busy getting lit &#x1f525;- well, getting $KIM lit on fire and burning it, we thought we might as well celebrate.We may or may not be giving a whopping 3.5% of the entirety of Kim’s <a href="https://twitter.com/kimprotocol/status/1782412737470951583" rel="noopener noreferrer nofollow">Mode Network DevDrop</a> to 350 winners. How can you win, you ask?Simple, simply provide fresh liquidity into one (or more!) of these pools:<ul><li>KIM &lt;&gt; ETH</li><li>ETH &lt;&gt; USDC</li><li>MODE &lt;&gt; ETH</li></ul>Simple as that, anon.We’re running this until the 18th of May.Don’t miss it.<h2 id="header-2">Provide Liquidity, Anon</h2>You: trade, swap, provide liquidityUs: burn, build, buybackJoin us on  <a href="https://discord.gg/kimprotocol" rel="noopener noreferrer nofollow">Discord</a> or <a href="https://twitter.com/kimprotocol" rel="noopener noreferrer nofollow">X/Twitter</a>. Provide liquidity. Sleep well.

Tssssss, Hear That? KIM’s Deflating

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KIM Exchange

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