Tokenomics: Ketchup ($KHP)

What is $KHP? What are the benefits of holding $KHP?

Ketchup ($KHP)

$KHP is a native governance token of the Fry World platform. The key function of $KHP is twofold: to bring additional value to FRIES holders, and to provide a tool for efficient governance. The profit sharing from FryVaults' fees enables KHP holders to receive daily rewards. The governance will bring an array of efficient and community initiated decisions.

How to get $KHP?

$KHP is received by staking your Fries tokens. You will receive KHP based on your proportion of the Fries in the staking pool. The amount of KHP a user will receive is calculated as follows: (amount of Fries to stake) * (total Ketchup) / (totalFries in staking)

At any given time, your share of the staking pool is calculated by the amount of ketchup balance you have divided by the total ketchup.

Unstaking $KHP/Receiving Fries

When you leave the staking pool, or “unstake”, your $KHP amount gets burned, then: Your portion of Fries received in the total staking pool is: (userKetchup / totalKetchup) * (total FRIES in staking pool) Please remember about 2% FRIES burn rate on every tx and 2.5% dev fee on unstaking/withdrawals from staking pool.

$KHP Distribution & Rewards

• Staking 2X This 3X pool is created only for $FRIES stakers. Fries are harvested into the staking contract. This will increase everyone’s share of $FRIES depending on how much share of the staking pool you have in $KHP! The 2X pool to the staking contract will run until all Fries have been distributed.

• Ketchup 15X Here you are able to deposit your Ketchup to the fryer and fry up some more Fries. The fryer has a 3X multiplier and will be an additional reward on top of the 2X FRIES fryer and your share of the Strong Fries reserve.

• Strong Fries Strong Fries are added to the Ketchup contract. This means on every single transfer of Fries, and every single harvest from farming, $FRIES stakers are earning 1%

• FryVaults fees 18% of the Cake market-buys Fries on PancakeSwap and sends these fries directly to Fries Stakers (Ketchup Holders). More details here and FryVault section.