Koi Network — Announcing Initial DAO Offering (IDO)

3 min readJun 29, 2022

TL;DR

Huobi Global is listing KOI(Koi Network) on Primelist at 13:00 (UTC) on June 30, 2022.;
Initial DAO Offering will start from July 1st 1PM — July 15th 1PM (UTC);
Official Sale Link: https://dao.koi.io;
40,000,000 (4%) $KOI tokens will be allocated to the Initial DAO Offering;
Open for the public with no ETH allocation limit for each participant;
1 KOI = 0.00005 ETH;
After the IDO, all unsold KOI will go towards the DAO Treasury.
100% of the raised fund will be used by KOI DAO to build the Koi Network.

Dear Koi Network communities,

As you may know now, we have embarked on a new journey. A journey of building a project that will reshape the Web3 space.

After many conversations, meetings, and inner searching, we finally came to a conclusion that Web3 Culture is the New Currency. And with this, we decided to revamp our project and propel it into a brand new direction.

Fortunately, it is met with positive feedback. The most rewarding one is the announcement of Koi Network ($KOI) IEO on the Huobi Primelist.

We believe this is the market showing recognition to our new positioning because, deep down in each crypto enthusiast’s heart, we know Web3 culture should not be a niche that only serves the most tech-savvy. The rule of thumb tells us if we, as a community, aim for sustainable growth, we should try to include as many people, technologies, and ideas as possible.

It is why, in our new project direction, we made extra emphasis on KoiDAO. We envision KoiDAO as a self-organizing and self-governing entity that represents a group of new generation artists, content creators, and web3 economy enthusiasts. They are dedicated to bringing digital collectibles to the masses. It should be a completely community-driven hub that benefits from Koi Network and also makes meaningful contributions to it.

KOI DAO

DAO, as in Decentralized Autonomous Organizations, has been gaining more and more spotlight in recent years. However, the public conception of this term is somehow twisted, with many people even holding a naive picture of what it is.

DAO, in Koi Network’s book, means a community organized by real people who share a common goal and pool their money or resources to accomplish that goal. Instead of a bossy CEO or a board of a few calling all the shots, the members of the DAO make the decisions together.

In other words, it creates real skin in the game that makes sure we, as a community, share weal and woe.

Initial DAO Offering (IDO)

With Koi Network’s Initial DAO Offering, we want to build such a DAO.

The purpose of Koi Network’s Initial DAO Offering is to pool our funds together to

Provide market liquidity of NFTs
Create a healthy market for all participants
Prod Koi Network’s PFP development
Form a close-knit KoiDAO with real incentives and stakes

100% of the raised fund will be used by KoiDAO to achieve the aforementioned goals.

Initial DAO Offering Details

Location: https://dao.koi.io
Time: July 1st, 1 PM — July 15th, 1 PM (UTC)
Total Sale Supply: 4% of total supply (40,000,000 $KOI)
Allocation: Community DAO
Price: 0.00005 ETH/KOI
Payment asset: ETH
Vesting: 1-month Cliff, quarterly vesting for 4 months

About Koi Network

Koi Network aims to build the cultural bridge between Web2 and Web3 economies. It is a decentralized community-driven platform that enables users to merge Web2 applications and Web3 native cultures via a single touchpoint, bringing your digital collectibles to the masses.