KAI (contract)

Kairence governance + auction-premium token. Fixed supply, no further mint reachable.

contracts/src/core/KAI.sol

Inherits

ERC20, ERC20Burnable, ERC20Permit, ERC20Votes

Note: not Ownable — there is no admin role on KAI.

Constants

Name	Value
TOTAL_SUPPLY	100,000,000 × 1e18 (100M KAI)
TREASURY_SHARE	60,000,000 × 1e18
TEAM_SHARE	20,000,000 × 1e18
POL_SHARE	15,000,000 × 1e18
AIRDROP_SHARE	5,000,000 × 1e18

Constructor

constructor(
    address treasury,
    address teamTimelock,
    address polRecipient,
    address airdropDistributor
);

Mints each tranche to its recipient and asserts the four sum to TOTAL_SUPPLY. All four addresses must be non-zero. No further mint function exists.

Surface

Standard ERC-20 + Burnable + Permit + Votes:

function transfer(address to, uint256 value) external returns (bool);
function approve(address spender, uint256 value) external returns (bool);
function burn(uint256 value) external;
function burnFrom(address account, uint256 value) external;
function permit(address owner, address spender, uint256 value,
                uint256 deadline, uint8 v, bytes32 r, bytes32 s) external;

function delegate(address delegatee) external;
function getVotes(address account) external view returns (uint256);
function getPastVotes(address account, uint256 timepoint) external view returns (uint256);
function delegates(address account) external view returns (address);

OZ v5 override boilerplate

Required by OpenZeppelin v5's hook architecture:

function _update(address from, address to, uint256 value)
    internal override(ERC20, ERC20Votes);

function nonces(address owner) public view
    override(ERC20Permit, Nonces) returns (uint256);

Events

Standard Transfer, Approval, Permit, DelegateChanged, DelegateVotesChanged.

Errors

ZeroAddress

Plus standard OZ ERC-20 / Votes errors.

Distribution

Each tranche should go to:

Tranche	Recipient type
Treasury	Multisig (Gnosis Safe)
Team	OpenZeppelin TimelockController with 4y linear vest + 1y cliff
POL	LP-locker contract (NOT EOA — funds are paired with treasury USDC and locked permanently)
Airdrop	Merkle distributor contract

The VerifyKAI.s.sol script asserts post-deploy that:

• Each balance equals its tranche constant.
• Team, POL, and Airdrop are contracts (not EOAs).
• Treasury can be either (warn-only).

Why no mint function

KAI is intentionally fully deflationary by code. The only way for KAI supply to change is down (burn / burnFrom). Auction settle burns clearing × winners KAI on every successful auction.

No emission schedule, no inflation, no staking-yield dilution. KAI's value is a direct function of (a) demand for inference access through the auction, and (b) remaining supply, which only decreases.

Voting power activation

Holders must delegate(self) (or any address) to activate voting power. Without delegation, balance does not vote — standard OZ Votes behaviour. UI should prompt users to self-delegate on first holding.

ERC20Votes snapshots delegation on every _update, so historical voting power is available via getPastVotes(account, timestamp).