Title: Default Listing for $KBL, the Official Utility Token of the Kabila Ecosystem
Author(s): Manu Cabrera
SaucerSwap Voting Interface: N/A
Related Discussions: N/A
Submission Date: December 19th, 2024
Summary.
This RFC proposes the Default Listing of $KBL, the official utility token of the Kabila Ecosystem, on SaucerSwap DEX. $KBL is central to the Kabila platform, enabling functionalities such as staking, ecosystem rewards, governance, and Kabila Plaza access. A Default Listing would simplify user access to $KBL, enhance liquidity, and bolster SaucerSwap’s position as the leading exchange for Hedera-based tokens. Feedback from this phase will guide the formal proposal submission.
Abstract
The Kabila Ecosystem is a growing hub for tokenized communities, offering tools for NFT monetization, community engagement, and ecosystem ownership. $KBL serves as its utility token, underpinning staking mechanisms, rewards, and governance functions. Currently available as an Extended Listing on SaucerSwap, this proposal aims to upgrade $KBL to Default Listing status. The Default Listing will streamline accessibility for users, deepen liquidity pools, and foster broader adoption of $KBL while reinforcing SaucerSwap’s position as the premier DEX on Hedera.
This RFC invites the SaucerSwap community to share feedback on the proposal and address any considerations before moving into the Proposal phase.
Motivation
Kabila has rapidly established itself as a critical player in the Hedera ecosystem, offering innovative tools to create, launch, and manage tokenized communities. $KBL powers this ecosystem by enabling staking, rewards, and other utility functions.
Despite its growing utility and demand, $KBL’s Extended Listing status presents challenges:
• Limited discoverability for new users.
• Lower liquidity access compared to Default Listed tokens.
• Reduced user trust due to its non-default status on the platform.
Default Listing would resolve these issues, increasing accessibility for Kabila’s rapidly expanding user base and improving liquidity. This move aligns with Kabila’s mission to empower creators and communities, while also driving trading volume and engagement on SaucerSwap.
Specification & Rationale
Technical:
• Token Contract Address: 0.0.5989978
• Tokenomics: Designed to drive ecosystem growth through platform usage incentives, staking rewards, and ecosystem treasury funding. See Token Details: (General Details | Kabila Academy).
• Audits: The $KBL token is currently undergoing a security audit for both the Vesting and Staking smart contracts, conducted by Hacken. Such audits should be completed and made public before EOY.
Social:
• Adoption: Default Listing will significantly improve the user experience and trust, for both existing and potential $KBL holders, fostering greater adoption of Kabila’s token and platform.
• Collaboration: Strengthens ties between SaucerSwap and Kabila, two key players in the Hedera ecosystem, and lays the groundwork for future potential liquidity collaborations, such as LARI rewards and other initiatives.
Financial:
• Liquidity Growth: Encourages larger liquidity pools, increasing trading volume and reducing slippage.
• Revenue Generation: Higher activity on SaucerSwap drives platform fees, and higher APRs, benefiting all stakeholders.
Governance:
• Community Alignment: Offers the SaucerSwap community an opportunity to support and grow a fellow Hedera-based project, aligning incentives for mutual growth.
Benefits (Pros)
• Enhanced Accessibility: Simplifies the process for users to discover and trade $KBL.
• Improved Liquidity: Drives higher participation in liquidity pools, improving market depth.
• Increased Trust: Elevates $KBL’s standing within the SaucerSwap ecosystem.
• Ecosystem Synergy: Strengthens the bond between two Hedera-native platforms, promoting mutual growth.
Downside (Cons)
• Implementation Effort: Adding $KBL as a Default Listing may require additional SaucerSwap resources.
• Market Volatility: Increased trading activity may lead to temporary volatility in $KBL’s price.
If this RFC progresses to the Proposal phase, the voting options will be as follows:
• Yes: Approve the Default Listing of $KBL on SaucerSwap.
• No: Reject the Default Listing of $KBL on SaucerSwap.
Voting outcomes will guide the execution of the Default Listing and ensure alignment with community consensus.