The whole supply is sold from a single-sided Uniswap v4 position. Each purchase walks the price up; nothing is priced in advance. Spot price rises with the inverse square of how much is left — so the last tokens are steep by design and the pool can never fully drain.
Read from the chain: KAO inventory remaining in the Uniswap v4 pool gives the fraction of supply sold, which fixes the spot price on the curve.
spot price / kao
supply sold
above floor
eth raised
Log scale — each gridline is 10× the one below. The bright marker is the live on-chain price; hover the curve or drag the slider to explore any point.
Cumulative ETH paid in by buyers as supply sells through — this accumulates as position principal backing the floor, not as fees.
| % sold | KAO left | price / kaomoji | × floor | ETH raised |
|---|
Prices shown are the spot (marginal) price — the cost of the next fraction of a token. Buying a large amount moves the price further as you go. All figures are pre-fee; the 0.50% swap fee sits on top. Dollar values assume ETH at $1,920.
| flow | destination | mechanism |
|---|---|---|
| Sale proceeds (ETH in) | Stay in the LP position as principal | single-sided curve converts KAO inventory to pool ETH |
| 0.50% swap fees | Holders, pro rata | collector → distributor → claim() |
| 1.0 KAO | 1 Kaomoji NFT | ERC-404 hybrid: crossing a whole balance mints, seeds from swap entropy |
| Team / treasury | Nothing reserved | no premine, no team allocation, no extra fee |