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25 changes: 12 additions & 13 deletions source/token/features/liquidity-bootstrapping.rst
Original file line number Diff line number Diff line change
@@ -1,31 +1,30 @@
Liquidity Bootstrapping
=======================

.. warning::
Please make sure you completely understand this section
before buying any Kenshi tokens.
.. note::
The liquidity bootstrapping process was completed in January 2022.

The Kenshi liquidity pool on PancakeSwap differs a little bit from other
liquidity pools on the same DEX. We have added a functionality similar to
what the Balancer LBP does, but we've implented it off-chain, and on top
what the Balancer LBP does, but we've implemented it off-chain, and on top
of the existing PancakeSwap liquidity pools.

This allows us to have a higher price for the token at the start, and
have a bigger liquidity in the pool over time, which in turn helps us
stabilize and control the price.

This feature is implented off-chain because we couldn't find any currently
This feature is implemented off-chain because we couldn't find any currently
existing DEX on the BNB Chain offering a similar service. We will
have this feature on our own DEX once we launch the Kenshi DEX project.

How does it work?
-----------------

At IDO, we pair 20% of our tokens with a specific amount of BNBs. This
defines the inital price of the token. The 80% remaining tokens are
At IDO, we pair 20% of our tokens with a specific amount of BNB. This
defines the initial price of the token. The 80% remaining tokens are
locked in the smart contract.

Every time a trade happens and removes some tokens from the liquidity pool,
Every time a trade occurs and removes some tokens from the liquidity pool,
an oracle reacts to the event by injecting the same amount of tokens back to
the pool to keep the amount of Kenshi tokens in the pool a constant.

Expand All @@ -35,15 +34,15 @@ an overall positive trend for the price.

Once all tokens are injected into the pool, the token price goes up at a normal
rate, just like any other token. This whole process can be viewed as a purchase
tax where a small fraction of the BNBs used for a purchase are used to *balance*
tax where a small fraction of the BNB used for a purchase are used to *balance*
one side of the liquidity pool in favor of the other.

.. note::
Interested in purchasing this oracle for your own token? Use `this form`_ to
submit a request, we'll contact you as soon as possible.
Interested in purchasing this oracle for your own token? `Contact us`_ and
we'll contact you as soon as possible.

You can check out the documentation for our `Liquidity Bootstrapping Oracle`_
if you want to learn more about this.

.. _`this form`: https://kenshi.io/liquidity-bootstrapping
.. _`Liquidity Bootstrapping Oracle`: ../services/lbp.html
.. _`Contact us`: mailto:inquiries@kenshi.io
.. _`Liquidity Bootstrapping Oracle`: ./services/lbp.html
5 changes: 5 additions & 0 deletions source/token/features/reflections.rst
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Expand Up @@ -3,3 +3,8 @@ Reflections

Reflection is the act of distributing a percentage of each transfer
to the holders, as a reward for holding the token.

Holders will receive these on each transaction and can check the amount
received on the Kenshi `tools`_ page.

.. _tools: https://kenshi.io/tools
12 changes: 7 additions & 5 deletions source/token/features/variable-tax.rst
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@@ -1,13 +1,15 @@
Variable Tax
============

Since Kenshi is an investment token, holders promise to hold onto their
tokens for at least 30 days, otherwise they will face a fine. This fine
is added to the `5% base tax`_ to make up the variable tax rates.
The fine is calculated logarithmically with the amount decreasing as
we move further away from the date of purchase.
Since Kenshi is an investment token, holders will face a fine if they do not hold
onto their tokens for at least 28 days. This fine is added to the `5% base tax`_.
The fine is calculated logarithmically with the amount decreasing as days progress
further away from the date(s) of purchase.

Holders can see what their current and future sell tax is on the Kenshi `tools`_ page.

.. _`5% base tax`: ../tokenomics.html#tax
.. _tools: https://kenshi.io/tools

.. warning::

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15 changes: 9 additions & 6 deletions source/token/guides/buy.rst
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@@ -1,4 +1,4 @@
How To Buy
How to Buy
==========

1. Read our documentation
Expand All @@ -7,14 +7,14 @@ How To Buy
We’re recommending anyone interested in Kenshi spend some time going through our documentation.

Kenshi isn’t a token made for day trading, it’s a token that we advise to hold at least for a month
To avoid any surprise, make sure you understand the doc before going to the next step.
To avoid any surprises, make sure you understand the docs before going to the next step.

If you have any questions, ask them directly on our telegram group! Don’t be shy, we’re friendly
If you have any questions, ask them directly on our Telegram group! Don’t be shy, we’re friendly!

2. Get a wallet
---------------

If you don’t already have one, metamask_ is recommended for desktop, they have an extension for almost every web browser.
If you don’t already have one, Metamask_ is recommended for desktop, they have an extension for almost every web browser.
`Be sure to keep your secret phrase in a secure place and offline!` Ideally use a hardware wallet, Metamask supports a
range of these.

Expand All @@ -30,9 +30,12 @@ To buy BUSD, visit Binance_ or Moonpay_

You’re finally ready to purchase some Kenshi!

Go to PancakeSwap_, connect your wallet, set slippage to 5.5% and get yourself some Kenshi!
Go to PancakeSwap_, connect your wallet, set slippage to 5.3% and get yourself some Kenshi!

Alternatively, use the `Kenshi Swap`_

.. _Binance: https://www.binance.com
.. _metamask: https://metamask.io/
.. _`Kenshi Swap`: https://kenshi.io/swap
.. _Metamask: https://metamask.io/
.. _Moonpay: https://www.moonpay.com/
.. _PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x42f9c5a27a2647a64f7D3d58d8f896C60a727b0f
13 changes: 8 additions & 5 deletions source/token/guides/sell.rst
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@@ -1,18 +1,19 @@
How to Sell
===========

Since Kenshi is an investment token, holders promise to hold onto their
tokens for at least 30 days, otherwise, they will face a fine. This fine
is added to the `5% base tax`_ to make up the variable tax rates.
The fine is calculated logarithmically with the amount decreasing as
we move further away from the date of purchase.
Since Kenshi is an investment token, holders will face a fine if they do not hold
onto their tokens for at least 28 days. This fine is added to the `5% base tax`_.
The fine is calculated logarithmically with the amount decreasing as we move
further away from the date of purchase. (See `variable tax`_).

How to sell during the first 30 days?
-------------------------------------

Due to our variable sell tax, you won't be able to sell your token on pancakeswap for at least three or four days.
If you still want to sell your tokens, use a DEX that allows slippage higher than 49% such as poocoin_

You can see what your sell tax is on the Kenshi `tools`_ page.

.. warning::
Sale tax ≠ Slippage
ex: setting 49% slippage when you currently have a 49% sale tax might not work
Expand All @@ -22,3 +23,5 @@ On the first three to four days, you should try to set a slippage between 50% an

.. _`5% base tax`: ../tokenomics.html#tax
.. _poocoin: https://poocoin.app/tokens/0x42f9c5a27a2647a64f7D3d58d8f896C60a727b0f
.. _tools: https://kenshi.io/tools
.. _`variable tax`: ./token/features/variable-tax.html
12 changes: 7 additions & 5 deletions source/token/index.rst
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Expand Up @@ -10,16 +10,18 @@ The Kenshi token
TL;DR
-----

If the documentation is too long for you to read, here is a short summary:
The documentation covers some important aspects of the token:

1. There is a 5% community tax on buying
2. You promise you won't sell or transfer your tokens for 28 days, or you will be fined
3. You get reflections
1. There is a 5% community tax on buying, selling, and transferring
2. You understand that if you sell or transfer your tokens within 28 days of purchase, you will be fined per `variable tax`_
3. You receive reflections

Check the topics below if you want to learn more.
.. _`variable tax`: ./token/features/variable-tax.html

.. note:: There is no tax or fine for buying the Kenshi services.

Check the topics below to find out more.

.. toctree::
:maxdepth: 1
:caption: Table of Contents
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6 changes: 3 additions & 3 deletions source/token/investment/index.rst
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@@ -1,9 +1,9 @@
Investment Token
================

As an investment token, Kenshi provides a passive income to all its holders.
Simply holding Kenshi in your wallet is enough to get this passive income.
The more tokens you hold the more shares you'll receive.
As an investment token, Kenshi provides passive income to its holders.
Simply holding Kenshi in your wallet is enough to receive this passive income.
The more tokens you hold the more you'll receive.

There are multiple sources for this income:

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2 changes: 1 addition & 1 deletion source/token/investment/profits.rst
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Expand Up @@ -25,7 +25,7 @@ such as:
- The costs of running and maintaining the project
- The amount of tokens currently held in the treasury

Tokens, or money, taken out of treasury amounts to the shares of the holder's in
Tokens, or money, taken out of treasury amounts to the shares of the holders in
each specific project. The amount of capital provided by Kenshi, represents the
amount of shares Kenshi has in each project.

Expand Down
12 changes: 6 additions & 6 deletions source/token/investment/projects/development.rst
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Expand Up @@ -12,12 +12,12 @@ quality custom contracts to the clients:
- Commented and documented code
- Kenshi developed features such as:

- anti-bot system
- anti-whale system
- sales fine
- treasury
- reflections
- and more!
- Anti-bot system
- Anti-whale system
- Sales fines
- Treasury
- Reflections
- And more!

.. admonition:: Schedule

Expand Down
2 changes: 1 addition & 1 deletion source/token/investment/projects/index.rst
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Expand Up @@ -3,7 +3,7 @@ Kenshi Projects

Here you can find a list of Kenshi projects and their current state.
At the moment we're on phase 0, or the bootstrapping phase. As we go
forward, we update this page to share more details about each project
forward, we update this section to share more details about each project
and to add our new projects to the list.

.. toctree::
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6 changes: 3 additions & 3 deletions source/token/investment/projects/liquidity-lock.rst
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Expand Up @@ -4,6 +4,6 @@ Liquidity Locking
Kenshi develops and provides a liquidity locking platform, allowing third
parties to lock their liquidity tokens for a set period of time.

.. admonition:: Schedule
Starting from phase 2.
Read about these in `Locker`_

.. _`Locker`: ../../services/lbp.html
4 changes: 2 additions & 2 deletions source/token/tokenomics.rst
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Expand Up @@ -4,10 +4,10 @@ Tokenomics
Token distribution
------------------

20% of the tokens are added to the initial liquidity pool. The remaining 80% are
20% of the tokens were added to the initial liquidity pool. The remaining 80% were
added little by little to the DEX on each purchase from the DEX, check out the
`Liquidity Bootstrapping`_ page for more info about that.
There are no team or developer wallets or any other form of special allocation.
There were no team or developer wallets or any other form of special allocation.

Total Supply
------------
Expand Down