KERMAN (KERMAN)

 Basics

• Announced on: 4-5-2020
• Mainnet release:
• Social money or SoFi
• Personal token of Kerman Kohli.

History

• From the announcement (4-5-2020):

"So, why do a personal token offering? Because I believe that I can use this offering as a way to find and give back to those who will help me in my career over the next ten years and beyond."

Token

Launch

• From the announcement (4-5-2020):

1. "Total Supply: 10,000,000 $KERMAN, vesting over 3 years
2. Circulating Supply: 3,218,028.9259 $KERMAN
3. Amount for offering: $30,000 USD
4. Initial $KERMAN Offering Size: 1,500,000 $KERMAN
5. Minimum Contribution: $250 USD
6. Time Length: 2 weeks
7. Maximum Contribution: $5,000 USD"

• From his blog (17-5-2020):

1. "There were a total of 24 backers contributing a total of $23,255
2. $12,855 was contributed in stable coins, 52 ETH ($10,400) was contributed in ETH (pegged at $200)
3. Average contribution was $825
4. Maximum contribution was $5,000"

Utility

• Burns, governance, access, ARC allocation.
• From the announcement (4-5-2020):

"Burn: The $KERMAN token is deflationary as any tokens used for labour or redemptions will result in tokens being burned out of existence. Tokens will be burned on the following basis:

5% of revenue earned from DeFi Weekly will be purchased on the open market and burned forever (0x0)

Any tasks which are labour based (consulting, engineering etc), after redemption will also be burned forever (0x0)

Below are some of the things $KERMAN tokens can be used for:

75,000 $KERMAN: A post on DeFi Weekly about your project and 3 hours of consulting time around strategy, engineering or product

25,000 $KERMAN: Five hours of my time for consulting (strategy, engineering, product)

7,500 $KERMAN: One hour of consulting

5,000 $KERMAN: One year DeFi Weekly subscription

2,500 $KERMAN: Retweet your content on Twitter (subject to review by me)

Governance:

Mike Merill was the first experiment in governing his life via internet strangers. I’m keen to extend this via a token as well. Here’s some of the potential decisions that I’d be looking to ask my holders for perspective on:

Which protocol should I do a deep-dive on next for DeFi Weekly?

Is this business idea worth executing on or does it need further validation?

Out of the following companies, which one should I work for?

Should I purchase this car or am I being too financially irresponsible?

Access:

In addition, all $KERMAN holders (minimum 15k) will be eligible for the following:

Invite-only Telegram group where I post about what’s going on my life and any queries/doubts I have

Monthly $KERMAN meetings where I share where I’m heading and open to any advice token holders have for me

My portfolio of coins and tokens and as I enter/exit trades

Access to any future ventures I’ll be launching (subject to terms)"

• Kerman Kohli is using (11-5-2020) the Roll platform to sell tokens, with the goal to raise $30,000 with 15% of the total token supply. Kohli plans to use 5% of the revenue earned from his DeFi Weekly newsletter and other services to burn $KERMAN.
• 1% of the future issuance of ARC (for 4 years) is allocated (28-8-2020) to $KERMAN holders.

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: using Roll

Other Details

Burns

• In the first month 51,015 $KERMAN were burned (2-6-2020). The second month 4111 tokens were burned (2-7-2020).

Governance

• From the announcement (4-5-2020):

"Governance:

Mike Merill was the first experiment in governing his life via internet strangers. I’m keen to extend this via a token as well. Here’s some of the potential decisions that I’d be looking to ask my holders for perspective on:

Which protocol should I do a deep-dive on next for DeFi Weekly?

Is this business idea worth executing on or does it need further validation?

Out of the following companies, which one should I work for?

Should I purchase this car or am I being too financially irresponsible?"

Roadmap

• Can be found [Insert link here].

• From the announcement (4-5-2020):

"This is not a sale for my personal future income and only a redemption for my time for the next two years from the date of this post. If you hold after that date there’s no promise of future redemptions."

• From his blog (17-5-2020):

1. "Every month I’ll post the revenue that I earn via Stripe publicly ($AUD) and use 5% of it to purchase tokens on the open market.
2. Token holders who meet the minimum of 15k $KERMAN will be eligible to participate in monthly/quarterly $KERMAN token holder calls. The cadence of this is still TBD and will require experimentation.
3. All $KERMAN spent to redeem rewards will be burned forever. Rewards must be redeemed within 2 years unless specified in writing otherwise."

Audits

• Bug bounty program can be found [insert here].

Usage

• According to his blog to holders who have enough KERMAN to enter the telegram group are (17-5-2020):

1. "Venture backed founders who have/are running companies in the crypto and technology space
2. Investors/venture capitalists in the space
3. Operators within the crypto space"

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• Kerman Kohli; founder
• Roll; creator of the token

Funding

• Roll lead the Initial Kerman Offering (4-5-2020).