> For the complete documentation index, see [llms.txt](https://docs.kyte.sh/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kyte.sh/token/kyte.md).

# The $KYTE token

The protocol token: staking rewards and buy-and-burn.

`$KYTE` is the protocol token of Kyte. It does two things in the protocol:

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td><strong>Staking</strong></td><td>StakingPool to receive 30% of protocol fees, in WETH, every epoch.</td><td><a href="/protocol/staking.md">Staking mechanics</a></td><td><a href="https://996751035-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVsnNtaBRxeClOSpEHWrf%2Fuploads%2FokqQfp6ugTh0QhnbilVG%2Fcard-token-stake.jpg?alt=media">card-token-stake.jpg</a></td></tr><tr><td><strong>Buy-and-burn</strong></td><td>20% of all fees buy <code>$KYTE</code> and burn it in the same transaction.</td><td><a href="/protocol/revenue.md">Revenue and buyback</a></td><td><a href="https://996751035-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVsnNtaBRxeClOSpEHWrf%2Fuploads%2F07YfpDJoffbXuY46ho2V%2Fcard-token-burn.jpg?alt=media">card-token-burn.jpg</a></td></tr></tbody></table>

### Utility

`$KYTE` is how holders share in Kyte's growth. Two utilities are built into the contracts from launch, and more are planned for stakers and holders as Kyte adds markets and products.

<figure><img src="https://996751035-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVsnNtaBRxeClOSpEHWrf%2Fuploads%2F4HasZeACiZmWGgnxReDh%2Fcard-token-utility.jpg?alt=media" alt="$KYTE utility: fee share and buy-and-burn live at launch; early access and yield strategies planned; holder perks and a voice being explored"><figcaption><p>$KYTE utility, from launch onward</p></figcaption></figure>

#### Live at launch

| Utility          | How it works                                                                                                                                                                                             |
| ---------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Fee share**    | Stake `$KYTE` in the StakingPool and receive **30% of protocol fees**, in WETH, every epoch. The share is set by the timelock and can never go below 20%. See [Staking mechanics](/protocol/staking.md). |
| **Buy-and-burn** | **20% of protocol fees** buy `$KYTE` on Uniswap v4 and burn it in the same transaction. Every burn is listed on [the Proof page](/guides/proof.md).                                                      |

#### As Kyte grows

| Utility                    | Status    | What it means for holders                                                                                                  |
| -------------------------- | --------- | -------------------------------------------------------------------------------------------------------------------------- |
| **Early access**           | Planned   | Stakers are first to new markets, listings and features on kyte.sh, before they open to everyone.                          |
| **Yield strategies**       | Planned   | Priority access to automated covered-call and cash-secured put strategies, built on the same fully collateralised markets. |
| **Holder perks**           | Exploring | Benefits for stakers when they trade on Kyte, such as reduced fees.                                                        |
| **A voice in what's next** | Exploring | Holder input on which tokens and products Kyte adds next.                                                                  |

{% hint style="info" %}
**Planned** and **exploring** items are not live yet. Each one will be announced by [@useKyte](https://x.com/useKyte) and documented on this page, with its exact rules, before it goes live. Utility means access to Kyte's features, not a promise of returns.
{% endhint %}

### Launch

`$KYTE` launches on [Pons](https://ponsfamily.com), the token launchpad on Robinhood Chain, paired with ETH.

{% hint style="warning" %}
**The official contract address is published only here and by** [**@useKyte**](https://x.com/useKyte) **on X.** Always check it against both before you buy. Any other address is not the official `$KYTE` token.
{% endhint %}

### Facts

| Fact             | Value                                                                                                                       |
| ---------------- | --------------------------------------------------------------------------------------------------------------------------- |
| Network          | Robinhood Chain mainnet (chain id `4663`)                                                                                   |
| Decimals         | 18                                                                                                                          |
| Contract address | [`0x072D88c2F31F568C0F4B8F613692eB489541Ed45`](https://robin.etherscan.io/token/0x072D88c2F31F568C0F4B8F613692eB489541Ed45) |
| Burn method      | `burn(amount)` if the token supports it, otherwise transfer to `0x000000000000000000000000000000000000dEaD`                 |
| Used by          | StakingPool (`stakeToken`) and BuybackBurner (`token`)                                                                      |

How fees reach stakers and the buyback: [Revenue and buyback](/protocol/revenue.md).


---

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