As we step into another exciting week in crypto, the emerging trend of personal token sales continues to heat up.
Earlier today, a prominent member of the DeFi community Kerman Kohli announced an Initial $KERMAN Offering – raising $30k on the back of personal tokens issued on Roll.
Introducing the Initial $KERMAN Offering!
What is $KERMAN? At a high level it offers the following:
– Token Burns
– Governance
– Access
The initial raise is for 1.5M tokens and a total of $30,000 USD.
Why do a personal token offering? Read below ??https://t.co/c96IgwGMeh
— Kerman (@kermankohli) May 4, 2020
This announcement comes just days after the NFT-backed $WHALE was announced and just a few weeks after the Initial $ALEX Offering. What’s unique about $KERMAN (and frankly what impresses me most about these sales) is the well-thought-out and unique nature of this new offering – namely with a variety of incentives and schemas that are set to drive value to the token for those who are long on Kerman.
Why $KERMAN?
A common theme among personal token sales is that of a young entrepreneur or high profile individual looking to raise on the back of their reputation. For more frequent DeFi power users, you’ve likely heard of DeFi Weekly – Kerman’s newsletter on all things DeFi. Just a few weeks back, Kerman announced a Premium membership which becomes relevant to $KERMAN as we’ll see below.
I started DeFi Weekly almost 2 years ago now as a growth hack for my first DeFi startup.
Today I’m excited to announce DeFi Weekly Premium – starting at $10/month.
Thank you to all my followers and readers, this wouldn’t be possible without you.https://t.co/YcfMKDtzIN pic.twitter.com/hTbSHML8uf
— Kerman (@kermankohli) April 21, 2020
Outside of the rising newsletter, Kerman has been involved with a number of successful projects, most notably Immutable and their involvement with the top crypto game Gods Unchained. What this goes to say is that Kerman is not one to simply ride the hype of personal tokens to make a quick buck. He has long since proven his ability to execute and deliver value to the wider crypto ecosystem and is now leveraging that experience to build a dedicated community aligned through the new and exciting trend of social currency.
$KERMAN Details
Issued through Roll (the same platform which issued both $ALEX and $WHALE), $KERMAN is capped at a max supply of 10M. The initial offering will sell 1.5M $KERMAN at $0.02/token – raising $30k in exchange for 15% of the max supply.
As for the uses, $KERMAN can be redeemed for:
- Coverage in DeFi Weekly
- Consultation from Kerman
- DeFi Weekly subscriptions
- a Retweet on Twitter
To drive value back to stakeholders, $KERMAN is also used as follows:
- Token Burns – 5% of the revenue earned from DeFi Weekly + all tasks above are used to burn $KERMAN
- Governance – Tokenholders can signal their thoughts on Kerman’s life decisions such as future employment and DeFi Weekly content choices
- Access – Those who purchase at least 15k $KERMAN ($300) receive access to an exclusive Telegram group and the ability to participate in early rounds of any future ventures.
Roll Continues to Shine
As we mentioned at the start of this post, $KERMAN is being launched by Roll – the platform behind the issuance of many of the sector’s top personal tokens. This comes as big news for the social currency platform as we’ve now seen three high profile individuals choosing to launch their personal token, likely due in part to Roll participating in the round(s) themselves.
1/ $KERMAN is here. ??@Kermankohli is creating a new type of digital community centered on governance, access and having a stake in his network for years to come.
We’re so happy to support and be a part of his community. Learn more about the $KERMAN offering below. https://t.co/rWqDijDW6I
— Roll (@tryrollhq) May 4, 2020
If one thing is for sure, platforms like Roll are redefining the way prominent crypto players leverage their reputation. It’s likely that we will soon see a mudslide of everyone conducting a micro-sale so, for now, we’re glad to have covered those which genuinely offer unique upside to individuals with high growth potential.
To check out the $KERMAN tokensale, head over to this form. Please note that Kerman has the ability to reject anyone that he deems unsuited for this offering, and that there is a strong degree of inherited risk for participating in a sale of this nature.
Regardless, we’re quite excited to see a star in the DeFi community taking his experience to the next level. To stay up with Kerman and all his work, follow him on Twitter.
Cooper is the Editor of DeFi Rate. He is an ambassador of Set Protocol and an active contributor to MetaCartel where he seeks to find emerging consumer-facing applications that propel the Ethereum ecosystem. He often works with projects as the Director of Fitzner Blockchain Consulting where he coauthors the weekly publication Token Tuesdays.
Like my writing? Drop me some gwei @ coopahtroopa.eth ??
