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Kanon is made up of leading experts from multiple fields, from curators with decades of museum experience to successful crypto entrepreneurs, blockchain engineers, full-stack developers, designers, lawyers and MarCom experts. K21 is Kanon's first project.
The K21 token enables anyone to participate in this defining moment in art and technology. Each token represents fractional ownership of a collection of libraries. About half of the token supply is used to purchase art and support social causes. More than 21% of the tokens will be widely distributed to the community through various mechanisms including mining programs and locked-up liquidity pools with high initial K21/ETH ratios.
K21 is not a governance token, but it does have the right to vote on entire vault buyouts via a bidding function in a dedicated smart contract. Token holders will be able to veto bids with a 21% consensus. If not, the proceeds will be distributed proportionally to each token holder and 21 NFTs will be released to the winning bidder.