Community research · Posted article

Project Research Dossier: KAY9 — Pre-TGE Research

By Asadullah3299

Open original Discord thread

From attached source: message.txt

Project Research Dossier

KAY9 — Pre-TGE Research

Problem / Question

Question: Does KAY9 have a transparent pre-TGE token structure and a clearly defined mechanism for controlling dilution and liquidity risk?

KAY9 describes itself as an on-chain watchdog and audit protocol designed to provide token-risk analysis. Its architecture separates automatic basic scans from deeper and forensic analysis, with the system designed to operate on-chain and remain independently verifiable.

The project is currently pre-TGE. Its official roadmap gives 10 November 2026 as the target TGE date, while explicitly stating that the date is a target rather than a guarantee. The KAY9 token contract is currently listed as not deployed.

Data & Evidence

Total supply: 1,000,000,000 KAY9. The token is designed to be minted once, with no additional mint function. The documentation also states there is no owner, pause, blacklist, transfer fee, rebase, reflection, or proxy on the token.

Allocation:

  • Public fair auction: 455,000,000 KAY9 — 45.5%
  • Permanent liquidity reserve: 455,000,000 KAY9 — 45.5%
  • Team: 90,000,000 KAY9 — 9%

Therefore, 91% of total supply is assigned to the launch/liquidity structure and 9% to the team.

Team unlock schedule:

  • TGE: 10,000,000 KAY9 — 1%
  • +6 calendar months: 40,000,000 KAY9 — 4%
  • +12 calendar months: 40,000,000 KAY9 — 4%

The cumulative team allocation unlocked therefore reaches 5% after six months and 9% after twelve months. The project states that these timestamps are immutable once deployed.

Sale structure: The roadmap states there is no presale, no private round, and no insider price. The auction is intended to be the only sale.

Interpretation

The proposed token model is relatively straightforward: 45.5% is intended for the public auction, 45.5% for permanent liquidity, and 9% for the team. The team allocation is released in three scheduled tranches rather than becoming fully available at TGE.

The main identifiable dilution events are therefore the 4% team unlocks at approximately six and twelve calendar months after TGE. These are discrete unlock events rather than a continuous linear release. They should be monitored because additional previously locked supply becomes transferable at those points.

A meaningful FDV cannot currently be calculated without inventing a launch price. The official roadmap states that the pricing figures are not yet set. Since the token has not been deployed, a current market price and circulating-market valuation should not be presented as established facts.

The liquidity design is also important. The documentation states that the auction's ETH and the 455M KAY9 liquidity reserve are intended to enter a Uniswap v4 position, with the LP NFT passed into the specified locking structure. The project states that there is no withdrawal path for the liquidity principal.

Unlock + Dilution Risk

PeriodNew team unlockCumulative team unlock
TGE10M KAY91%
+6 months40M KAY95%
+12 months40M KAY99%

The two 4% releases are the largest scheduled team supply events. They should be treated as specific monitoring dates rather than an undefined future dilution risk.

The project also states that unsold auction tokens do not become additional team allocation. Instead, they are intended to be placed into the liquidity structure, with only amounts below the stated dust threshold burned.

Team / Code Verification

The primary technical evidence available includes the public GitHub repository, contract documentation, deployment documentation, security documentation, and roadmap.

The repository documents unit, fuzz, invariant and reentrancy testing and describes repeated security-review and static-analysis work. It also distinguishes between completed work and remaining launch requirements.

An important limitation remains: the KAY9Token itself is not yet deployed. Therefore, published contract specifications should be compared against the final deployed contracts before treating the planned token structure as fully verified on-chain.

Key Risks

Technical risk: The token contract and several launch components are still pre-deployment, so final deployed behavior must be checked against the documented specifications.

Execution risk: The stated 10 November 2026 TGE is a target subject to launch-readiness conditions and may move if those conditions are not satisfied.

Dilution risk: The 4% team unlocks at six and twelve months create identifiable future supply events.

Valuation risk: No final launch price is currently established, so FDV should not be estimated from an invented price.

Liquidity risk: The intended permanent-liquidity mechanism depends on successful launch, auction settlement, and migration into the specified liquidity structure.

Verification risk: Pre-launch documentation represents the intended system. Final contract addresses, deployed bytecode, balances, and transaction history should be checked after deployment.

Conclusion

KAY9's published pre-TGE design provides identifiable supply allocations, scheduled team unlocks, a stated no-presale/no-private-round structure, and a documented liquidity model.

The main diligence points are the final deployed token contract, actual launch parameters, circulating supply at TGE, the six- and twelve-month team unlocks, and whether the deployed liquidity mechanism matches the documented design.

This dossier evaluates the project's documented structure and risks. It does not make a claim about future token performance or guarantee successful execution.

Rating

Not rated.

A rating is omitted because the token has not yet launched and final pricing and circulating-market information are not yet established.

Disclosures

Position: No position.

This research uses publicly available primary project documentation and the project's public GitHub repository. It is not investment advice and does not guarantee future performance.

Primary Sources

Attached source files