Question 1

What is KCT?

Accepted Answer

KCT is Konnect Token, a utility token for the Konnect ecosystem. It does not represent company equity or inherently generate dividend rights. The project's 2023 token plan described it as the core token in its membership system, involving earning, spending, and burning. “Utility” indicates that its design focuses on use cases in ecosystem services, rather than equating the token with corporate ownership; the services actually available for use, eligibility, and rules still depend on the products launched and platform rules at the time.

Question 2

How was KCT planned to be used in the Konnect ecosystem?

Accepted Answer

Under the plan published in 2023, KCT's principal use was as a payment method for Konnect membership services; the plan also described a design under which members could earn KCT through platform activities, pay for transactions or services with KCT, and burn KCT for exclusive benefits. The relationship among these elements is as follows: platform activities or rules determine how users obtain tokens, services or transactions determine how tokens are used, and burning is a handling method planned for specific benefits. References in this historical plan to Krown Points, an NFT marketplace, reservations, and e-commerce included planned launch arrangements and cannot be directly described as services currently available in practice.

Question 3

What was KCT's historical total supply, and why is it not the same as circulating supply?

Accepted Answer

The historical token plan listed KCT's total supply as 10 billion tokens and defined it as an Ethereum ERC-20 token. Total supply is the total number of tokens under the plan or contract basis and cannot be directly treated as the amount already circulating, tradable, or immediately usable at a particular time. The same plan marked the circulating supply at that time as “updating,” so the current circulating supply cannot be inferred from the 10 billion total. Especially following subsequent migration notices, when checking balances or deposit networks, it is also necessary first to confirm which version and network are being viewed.

Question 4

How does KCT's historical unlock plan affect the understanding of supply?

Accepted Answer

The unlocks described in the 2023 plan did not place all 10 billion tokens into the market at once: beginning with the TGE on May 25, 2022, the planned total lockup period was 106 months, with different cliffs and linear or periodic release schedules for different categories. A cliff is a period during which a category has no releases; linear release means gradual release afterward according to a set schedule. For example, the plan allocated 12.8% of the total to the early-investor category, which first underwent a 6-month cliff and was then unlocked linearly each month over 18 to 24 months; the ecosystem category accounted for 40%, first had a 1-year cliff, and then was released linearly each month for 8 years beginning May 25, 2023. These were historical plans published at that time and cannot replace verification of current actual balances, allocation progress, or supply of a new version.

Question 5

Did KCT undergo a migration to Polygon?

Accepted Answer

Konnect's official homepage listed a notice titled “KCT Mainnet Hardfork and Migration to Polygon,” indicating that the project announced a mainnet hard fork and migration to Polygon. For holders, this means historical Ethereum ERC-20 materials cannot automatically be treated as the network or asset version still applicable in every scenario. The key effect of a hard fork or migration is that asset identification and operational paths may change: old tokens, old-network balances, exchange arrangements, and assets displayed on Polygon need to be separately confirmed according to the applicable official scope. A migration notice alone does not prove that a particular wallet address, trading platform, or holder's assets have automatically completed migration.

Question 6

What information should be checked before transferring KCT?

Accepted Answer

Before transferring KCT in or out, first confirm the network, token contract or asset identifier supported by the recipient, as well as its deposit instructions for post-migration KCT. This is because tokens with the same or similar names, the historical ERC-20 version, and assets on Polygon may not use the same operational channel. After confirming the network and asset identifier, use a small test amount to confirm crediting rules; if the network does not match, blockchain transactions generally cannot be automatically rerouted by the recipient. Do not determine the currently usable version solely based on old tutorials, old contracts, or wallet search results.

Konnect (KCT) Price