What is Kodi Coin ($KODI) Crypto? An Introduction to the Crypto that Gives Away Teslas

What is Kodi Coin ($KODI) Crypto? An Introduction to the Crypto that Gives Away Teslas

Kodi Overview

New cryptocurrencies emerge almost every week. Many seem to be made from the same mold, but every now and then one with a truly interesting and viable concept will emerge. Kodi coin appears to be one of these. So, what’s different about Kodi (Ticker $KODI)?

The main point that’s fascinating is Kodi’s actual real-world integration. The value of any given coin is often hard to pinpoint, but KODI’s value is tied to their own business: Pitch.

What is Pitch?

Pitch is a real-world company that the makers of Kodi created. According to Kodi’s whitepaper Pitch will specialize in creating commercials and ads, auditing cryptocurrencies and analyzing wallets, connecting companies/individuals with influencers, and more.

Holders of Kodi coin are effectively “shareholders” of Pitch; 66% of Pitch’s revenues will be converted to $KODI and paid out to holders. It’s critical to note that in order to be eligible for this payout you must hold at least 10 million tokens in your wallet.

At the time of writing, that’s a dollar value of approximately $2500. In other words, to fully invest in Kodi’s upside you’ll have to fork over a rather hefty amount of money. The remaining third of Pitch’s revenue will go to Kodi’s marketing wallet, presumably for use in further promoting and expanding the service and paying employees.

This is a concept we haven’t seen before, and it makes the value of the coin much more tangible: Much like stocks, the value of the coin is tied directly to the profits of a business. If Pitch’s profits increase tenfold, the coin should follow suit. Unlike stocks, though, Pitch seemingly won’t be bound by the same accounting standards and other regulations on transparency that publicly traded companies face.

Pitch is currently offering a $200 commission for each referral to their service.

Pitch logo

Kodi Basics: Supply and Tokenomics

KODI’s total supply is capped at 100 billion. At the moment 95.7% of this is in circulation, and its market cap sits around $23.8 million. It’s built on the Binance Smart Chain and was launched on September 27, 2021. A 12% tax is charged on every transaction, which is broken down accordingly:

BNB Rewards: 3%

Kodi has a tradition “reflection token” model much like that implemented by SafeMoon and others. This means that every time KODI is bought or sold 3% of this is distributed evenly to all wallets that hold 5 million or more coins, which is paid in BNB. This discourages selloffs and encourages holding.

Marketing and Developpment: 3%

An additional 3% goes to “marketing and development.” This is most likely converted to fiat and used to fund advertising efforts to expand Kodi’s user base and perhaps market Pitch’s services.

Buyback Tax: 2%

2% is converted to BNB and sent to Kodi’s buyback wallet. This will be used to buy back coins, increasing value for holders much like a traditional stock buyback.

Salary Tax: 2%

Another 2% is paid to the developers as compensation for their work.

Liquidity Pool: 1%

Lastly, 1% is sent to Kodi’s liquidity pool to ensure the coin doesn’t become illiquid.

Kodi NFTs and Prize Giveaway

While Kodi’s business model is what’s truly unique about it, its NFTs have garnered the most attention. This is because their NFT packs hold NFTs that can be exchanged for real-world prizes including Sony’s PlayStation 5, Microsoft’s Xbox Series X, a $2,000 trip, $10,000 in BUSD, and most notably a Tesla Model 3.

Kodi NFT Giveaway and Prizes

These packs cost .6 BNB (around $380) apiece, while your odds of winning one of the aforementioned prizes are admittedly low. The more likely prizes are in the form of Kodi art NFTs. These come in varying rarities and can be 2D (common) and 3d (rare, ultra rare, legendary, ultra legendary, godly, and near impossible). The odds for any given draw are as follows:

  • Rare 1:16
  • Ultra Rare 1:35
  • Legendary 1:109
  • Ultra Legendary 1:219
  • Godly 1:438
  • Near Impossible 1:1167
  • Xbox 1:700
  • PS5 1:1167
  • $2000 Trip 1:1167
  • $10,000 BUSD 1:3500
  • Tesla Model 3 1:1750

From an economical perspective buying these probably isn’t a sound investment. Even assuming a $1200 value for the Xbox Series X and PS5 and $60,000 for the Model 3 (they start at $43,990), each NFT pack has an average value of $41.60 in real-world prizes. Technically the NFTs could appreciate but this is highly speculative, and they’d have to be worth approximately $338 on average to merit purchasing a pack, at least from a statistical perspective.

KODI NFT pack
A Kodi NFT pack

Other Key Features

Kodi has several other notable features that warrant a mention.

Kodi Roar

Kodi Roar is a “happy hour” of sorts where Kodi’s buy tax drops to 1% and the sell tax increases to 25% for an hour at random times. This is likely to cause a surge in price as buyers rush to buy the effectively discounted coin while sellers are reluctant to let go. Taxes are distributed as following:

Buy Tax

  • 1% is distributed to the liquidity pool

Sell Tax

  • 8% is distributed to 10 Million+ coin holders in BNB
  • 5% goes to marketing and development
  • 5% goes to coin buybacks
  • 5% goes to the liquidity pool
  • 2% goes to dev salaries

The sell tax will drop by 7% every hour after the start of Kodi Roar until it returns to the baseline of 12%.

Anti-Dump Protection

Kodi has an anti-dump feature similar to that of BurningMoon and many other cryptocurrencies. Theirs prevents any transaction selling more than 0.2% of total supply. When all coins have been minted this will be a hard limit of 20 million KODI per sell.

Is Kodi Legitimate?

This project has been audited by both BREWLABS and Certik. Certik in particular is regarded as an industry authority, and their audit turned up four issues classified as “Major.” These primarily center around excessive centralization and code logic issues.

Fourteen additional issues were found: 1 Medium, 6 Minor, and 7 Informational, all of which were code and language-related. We’d like to see all of these fixed before considering buying, particularly the Major issues, but based on the audit it seems unlikely that Kodi is an outright “rugpull” designed to make away with holders’ money.

How to Buy Kodi

FibSwap

If you should decide to invest in Kodi it’s fairly easy to do. It can be purchased cross-chain through FibSwap (a DEX that Kodi has partnered with) Ethereum, Matic, BNB, and Fantom.

PancakeSwap

Alternatively you can purchase the coin the traditional way, on PancakeSwap. This link will take you to the page needed to import Kodi to PancakeSwap. If you’d prefer to do this manually for security reasons, the token address is:

0x7f4f3bc4a5634454398580b9112b7e493e2129fa

This can be verified on Kodi’s Site.

Flooz

Kodi’s website also has an integrated exchange on the home page. Scroll down until you see “Buy Kodi the easy way.” From here you can use a service called Flooz to buy BNB with your credit card, which can then be exchanged for Kodi. Note that only Google Pay, Visa, MasterCard, and Apple Pay are supported and a .5% transaction fee applies.

You can also use this on-site exchange if you already have BNB. Just connect your wallet and exchange your BNB (or another supported crypto) for KODI.

Kodi Roadmap

Kodi is currently nearly finished with Phase 2 of their roadmap; the only thing left on the list is “Celebrity hosts and events.” In the upcoming third phase Kodi will week to add developers to the team, get listed on centralized exchanges, develop and advertise a radio app (probably via Pitch), donate to charity, and continue research and development. It will be interesting to see what the future holds for Kodi, whether or not Pitch grows into a flourishing business, and if their pseudo-stock model is successful in the long run.

Kodi Roadmap

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The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Art of PC does not recommend that any cryptocurrency should be bought, sold, or held by you. Please conduct your own due diligence and consult your financial advisor before making any investment decisions.

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