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6. Kart Coin
The native cryptographically-secured fungible protocol token of Dragon Kart, Kart Coin (ticker symbol $KART), is a transferable representation of attributed utility functions specified in the protocol
$KART is a functional multi-utility token which will be used as the medium of exchange between participants on Dragon Kart in a decentralised manner. The goal of introducing $KART is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Dragon Kart, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $KART does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $KART entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Vietnam, Singapore or any relevant jurisdiction. $KART may only be utilised on Dragon Kart, and ownership of $KART carries no rights, express or implied, other than the right to use $KART as a means to enable usage of and interaction within Dragon Kart.
Further, $KART provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Dragon Kart, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $KART is an integral and indispensable part of Dragon Kart, because without $KART, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Dragon Kart. Given that additional $KART will be awarded to a user based only on its actual usage, activity and efforts made on Dragon Kart and/or proportionate to the frequency and volume of transactions, users of Dragon Kart and/or holders of $KART which did not actively participate will not receive any $KART incentives.
Last modified 2yr ago