In the bustling world of blockchain validation and decentralized finance (DeFi), Kleomedes stands out as a beacon of innovation and community empowerment. As a unique infrastructure provider, Kleomedes self-hosts nodes that validate IBC networks, offering indispensable support through RPC endpoints and relayers. As a Decentralized Autonomous Organization (DAO), Kleomedes sets itself apart by entrusting 100% of its profits to community governance. Delegators not only engage actively in decision-making but also benefit from the continuous support for groundbreaking projects within the Cosmos Ecosystem. Dive into our detailed exploration to discover how Kleomedes is revolutionizing blockchain validation and fostering a truly decentralized future.

What is Kleomedes?

Kleomedes is an infrastructure provider that self-hosts nodes to validate IBC networks. The organization is deeply involved in supporting the chains it validates by providing infrastructure support in the form of RPC endpoints and relayers. As a DAO, Kleomedes has a community of delegators who actively participate in governance discussions on all the chains it validates. Remarkably, Kleomedes is one of the few validators in the Cosmos Ecosystem that places 100% of its profits under the control of DAO governance. This approach ensures that all operations are modifiable by DAO vote, promoting a truly decentralized governance model.

Token Market Data

Understanding the market data of the Kleomedes token (KLEO) is crucial for potential investors and community members. Here are the key statistics:

• Current Price: $0.0026
• Market Cap: $0.00
• 24h Price Change: 5.46%
• 7d Price Change: 13.51%
• 30d Price Change: 188.48%
• 24h High: $0.0026
• 24h Low: $0.0023
• All-Time High: $0.0026 (2024-03-09)
• All-Time Low: $0.0009 (2024-02-16)
• Circulating Supply: 0.00
• Total Supply: 740,000,000.00

Purpose and Utility of the Kleomedes Token

Governance and Decentralization

Kleomedes (KLEO) is a cryptocurrency token designed to support decentralized finance (DeFi) and blockchain validation services. Operating on the Binance Smart Chain (BSC), the primary purpose of the Kleomedes token is to serve as a governance token. This enables holders to participate in the decision-making process for the operations of the Kleomedes validator. The token aims to solve the problem of centralized governance in the blockchain space by providing a decentralized governance model. Token holders can stake their KLEO tokens to participate in the validation process and make decisions regarding the network's operations. This fosters a more democratic and community-driven approach to blockchain validation services.

Dual Utility

The utility of the Kleomedes token is two-fold. Firstly, it allows users to govern the operations of the Kleomedes validator, ensuring that the network remains decentralized and community-driven. Secondly, the token can be staked to support the validation process, further promoting the decentralization of the blockchain ecosystem.

Unique Features

Kleomedes offers unique features such as governance voting rights and profit-sharing opportunities. These features promote decentralization and ensure that all voices are heard when drafting and evaluating proposals to improve and operate the network. Delegators can earn $KLEO weekly and stake their $KLEO to earn a share of the bonus rewards pool. This incentivizes community involvement and rewards those who contribute their ideas and skill sets to the platform.

Tokenomics and Distribution Model

Total Supply and Allocation

The Kleomedes crypto token (KLEO) has a total supply of 740 million tokens. The distribution model is designed to promote decentralization and community involvement:

• Delegators: 45% of the total supply is allocated to delegators, with 15% going to early delegators on JUNO and the remaining 30% to those who delegated on all other chains Kleomedes validates. These tokens will be claimable monthly for one year.
• Governance Pool: 40% of the total supply is allocated to the governance pool, which includes a development fund (5%), liquidity incentives (5%), marketing fund (5%), and a community fund (25%). Community members who contribute to the DAO in meaningful ways will be eligible to receive KLEO from the community fund.
• Team: 15% of the supply is allocated to the team, with 5% for the core team and 10% for developers. All team members are subject to a one-year vesting cliff, with the remaining tokens vesting linearly over the course of a year.

Inflation Control Mechanisms

To control inflation, Kleomedes has implemented a buyback mechanism where profits are used to buy back KLEO tokens. These tokens are then distributed to delegators through monthly buybacks based on each chain's respective APR, the user's share of delegations on each chain, and the USD value of the token on each chain. This mechanism incentivizes staking KLEO, which helps maintain a stable staking APR and reduces the circulating supply of tokens, thereby controlling inflation.

The Team Behind Kleomedes

Core Team Members

The Kleomedes team is composed of experienced professionals with diverse backgrounds in finance, technology, and blockchain:

• Marco: Founder and Linux system administrator with over 12 years of experience. Marco has a strong background in the Cosmos Ecosystem, having previously operated a validator known as FullStake.li before rebranding as Kleomedes.
• Jason: Software engineer with 14 years of experience in backend web projects, Python, C#, React, bare JS, Android development, and blockchain development, specifically CosmWasm contracts using Golang and Rust. Jason has contributed to various projects, including EcoStake's REStake tool and Cosmos Hub's chain-registry.
• Avi: Business development and community management expert with a passion for bringing the right people together. Avi leads most of Kleomedes' inter-project collaborations.
• Jazz: Developer with experience in the blockchain world, taking a more active role as a developer for Kleomedes.
• Blacks: Software Engineer with four years of experience, specializing in Python and Javascript, with a recent focus on machine learning algorithms. Blacks has been a crypto investor since 2020.
• Apapaya: Holds two Engineering master’s degrees and has over 25 years of experience in the automotive industry.

Advisors and Partners

Kleomedes is supported by notable advisors and partners, including:

• Ken: Partner at Electric Capital, focusing on Decentralized Finance, Crypto-enabled Games and Collectibles, and new classes of assets.
• Steve Payne: Co-founder of Architect Partners, with extensive experience in venture financings and acquisitions transactions.
• Elliot Chun: Partner at Architect Partners, with over 20 years of experience in Capital Markets and full-time involvement in Crypto since early 2018.
• **Benoit B