# KEY token

## **Token specifications**

* Ticker : KEY
* Chain : Klaytn
* Total Supply : 100 million

## KEY Token Distribution

* **Eco fund : 10%**
  * Initial liquidity providing and incentive funds for core liquidity pools
  * Partnership funds for Key Finance ecosystem expansion
  * Usage details of Eco fund will be transparently disclosed
* **Investors : 15%**
  * Locked up for 12 months after the launch, linearly distributed over 18 months
* **Team : 17%**
  * Locked up for 12 months after the launch, linearly distributed over 18 months
* **Community : 58%**
  * Distributed to Key Finance users
  * Token Distribution by user types
    * Liquidity Providers
    * Unlocked Token(KLAPkey) Stakers

## Buyback and Burning

* 10% of KLAP rewards farmed from providing liquidity to [klap.finance](http://klap.finance/) lending pools will be used for KEY Token buybacks. Acquired tokens will be burned.
* Key Finance will transparently open burning activities. Official disclosures will be provided.